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| JULY 24, 2002 |
Shipping News
- Hanjin: A very, very, very good deal
CHAMPAGNE flowed at PSA Corporation's headquarters yesterday as key customer Hanjin Shipping and the port operator ceremoniously signed a 'long term' terminal agreement and pledged future 'business cooperation'.
- Indonesia still world's leading piracy hotspot
- Antwerp port's box volumes up 13.7%
Air and Land Transport
- Boeing says aviation sector hit by worst-ever fall
BOEING, the world's leading plane manufacturer, warned on Monday that the aviation industry, still reeling after the Sept 11 attacks, was suffering its worst fall of all time.
- Branson provides the high spirits amid gloom
- UK businesses echo calls for greater airport capacity
- Jet Airways expects sales growth to slow this year
- Asiana bounces back in the black in first half
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| JULY 24, 2002 |
- ADB approves $10m spend for Colombo port
- Five safe customers receive BNSF accolades
- Wong Shek Pier site of marine investigation
- New York $1.9 b AirTrain nearing completion
- US Airways names Prestifilippo new executive
- GeoLogistics Italy signs 3 year deal with Air Liquide
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| JULY 23, 2002 |
- Eurotunnel optimistic despite problems
Eurotunnel there is a real chance of achieving cash break even in 2002 as it reported a 7 per cent rise in shuttle service and car revenues and a 3 per cent rise of operating profit in the first half, although the company saw sharp declines in traffic volume.
- APL automotive operations in China
APL Logistics entered into a joint venture agreement with three other parties to help meet the needs of the automotive industry in China.
- Exel also with Inttra
Logistics operator Exel selected Inttra for Web-based and integrated solutions to enhance its global sea freight operations.
- NYK with GT Nexus and Inttra
NYK said it reached the integration of NYK's Pegasus e-commerce system with GT-Nexus and INTTRA.
- NOL cooperates with Rotterdam university
NOL, together with a prominent Dutch Erasmus University Rotterdam, launched a Masters degree designed specifically for the management trainees of this global transportation and logistics company.
- Maersk Logistics facility in New Jersey
Maersk Logistics today announced that its US subsidiary Hudd Distribution Services opened a new distribution centre in Avenel, New Jersey on the East Coast of the United States.
- NOL cheaper home with PSA
Neptune Orient Lines (NOL) is yet to extend its terminal contract with PSA Corporation but hopes to wrap up negotiations soon, according to president and chief executive Flemming Jacobs who wants lower tariffs.
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| JULY 24, 2002 |
- Hanjin upgrades China-America Express service by adding Ningbo, Portland
- P&O Nedlloyd improves W. Africa service
- Hapag-Lloyd to launch new north-south service
- Kwai Chung’s June box traffic up
- New box terminal for Shekou
- Hyundai Merchant Marine expands Asia-Australia service
- APL Logistics joint venture to strengthen operations in China
- OOCL appoints agents in Mexico, Russia
- Klang signs sister port pact with Chilean port
- Shipping line eyes Pontianak box traffic
- Evergreen appoints agents in E.Med/Adriatic to enhance services
- Jan B. Steffens appointed MD of Rickmers-Linie
- OTAL names new vessel Kanilai after Gambian President’s home town
- Panalpina registers as NVOCC in the mainland
- PSA Chairman retires after 8 years of service; appointed senior advisor
- PSA in box security initiative with 2 rivals
- Japanese yards working on 10,000-TEU ship
- Maersk Sealand to pull out of westbound trade group
- PIL adds calls to Asia-South/West Africa service
- BIMCO warns of officer shortage
- Fourth addition to NOL fleet this year
- Should ships be referred to as ‘she’ or ‘it’? - Gender debate sets the industry alight
- Iran to purchase 40,000 tonnes sugar
- No move to cut exports, says Coffee Board chief
- ISEC awaits RBI clearance to set up sugar warehouse in Lanka
- Tuticorin Port sets new wheat loading record
- Mumbai Port sets new record in quick handling of steel cargo
- NM Port logs 13 pc rise in cargo handling in Q1
- US lifts travel curbs on India
- Soyabean processors optimistic about good crop
- CII council meet to discuss disclosure norms, VAT issue
- Rs 12,000 cr. dyestuff exports in 10 years planned
- Ficci wants loopholes in anti-dumping law plugged
- Core industries post 5.7 pc growth during April-June 2002
- BCHAA’s 6-day refresher course for Customs Category-I Exams opened - It’s a boon for CHAs, avers Customs chief
- The Inner Light - Cosmic Meditation released - ‘Every word is pregnant with meaning & wisdom’
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| JULY 23, 2002 |
- Venezuela oil exports up and up
- MGO replenishments coming in Panama Canal
- Daily Bunker market report from Praxis Energy Agents
- Avails alert from Durban as refinery shuts down for maintenance
- Bunker market update from Argentina
- Bunker prices from Russia and Ukraine
- Fluctuating markets knock demand in Suez
- African market scan
- Avails somewhat limited in South African ports
- Crude steadies after yesterday's plunge
- Montevideo and Alpha Zone market update
- Rotterdam barge market opens softer again
- Russian supplier starts marine distillate supply on Russian/Finnish border
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| JULY 24, 2002 |
- Eurogate orders new ship-to-shore crane from Kalmar to deal with increased throughput
- Tibbett & Britten and Unilever test "chipping of goods"
- Kuehne & Nagel opens handling terminal in Dartford, UK
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| JULY 23, 2002 |
- U.S. fast ferry design
Bristol Harbor Marine Design (BHMD), Bristol Harbor, R.I. has completed the advanced concept phase of a new fast ferry design targeted for construction by small to medium size U.S. shipyards.
- Possible U.S. port security fees
A House-Senate conference is considering how to fund various maritime and port security initiatives
- Torch Offshore gets bank facility, loses CFO
In separate announcements,Torch Offshore, Inc. says it has entered into a new $35 million bank facility and has accepted the resignation of its CFO
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| JULY 24, 2002 |
- Panama Canal chiefs defiant as toll hike row escalates
PANAMA Canal officials have strongly defended their proposed price hikes for canal transits in the face of harsh criticism from cruise and merchant shipping industry leaders.
- K Line clinches deal to run EnerSea gas ships
K LINE has signed on as the owner/operator for as-yet-untested compressed natural gas carriers to be built at Hyundai Heavy Industries for the American market.
- Hanjin Shipping extends agreement with PSA Corp
HANJIN Shipping has signed a long-term agreement with PSA Corp in Singapore putting an end to speculation that the South Korean line would be the next to shift to Malaysia.
- Lloyd's List Focus- Maritime security under the spotlight
LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.
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| JULY 23, 2002 |
- UK backtracks on ferry information
- EC warns against bi-lateral deals
- Vanuatu questions crew medicals
- Jamaica to import sugar
- Sunken Montevideo tug refloated
- Plate dredgers demand payment
- Sagitarius refloating delayed
- Nino discharge later this week
- PMA proposal bids for union peace
- Malaysia stands firm on STCW95
- Jawaharlal Nehru at loggerheads
- Cruise crew scam hits Vietnam
- Fujairah plans tanker berths
- ITOPF warns against complacency
- Greenpeace claims floating victory
- Ferry grounding prompts twin probes
- Majors seek easing of bureaucracy
- Newbuilding sector to remain slow
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| JULY 23, 2002 |
- Carriers plan Trans-Pacific rate hikes
Lines want mid-term increases on stronger-than-expected eastbound cargo volumes.
- ILWU will rally for new contract
Dockworkers will be joined by the AFL-CIO and California unions in calling for a quick settlement to their West Coast contract talks.
- BNSF net holds on cost controls
Profits were flat at Burlington Northern Santa Fe as freight revenues skidded in the second quarter.
- UPS expects to regain diverted freight
- Holts still dominant Phil. stevedore
- NY waterfront will add more than 700 jobs
- Inttra signs Exel for portal
- Box gain at Port of Houston
- GATX net off in 2Q
- New director at Port of Palm Beach
- ClearCross closes ex-im compliance unit
- Strachan stevedore shuts after 116 years
- Another day, another buy for Meridian IQ
- Railworks names CEO, president
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| JULY 23, 2002 |
- Teekay's net income nosedives
Slow global economy and lower OPEC output continue pressuring down tanker rates.
- Weak tanker stock rated "Buy"
US investment bank Fahnestock begins coverage of OMI, Frontline, Stelmar and Teekay.
- ACP reviewing canal toll hike
Implementation date may be postponed if approvals are not secured from ACP board and government.
- Better margins lift Oglebay Norton
US bulk carrier operator benefits from effective cost controls and higher margins.
- Weak US demand hits Tidewater
Net earnings in April-June fell by 41% from a year ago to $23m.
- Great Eastern shuts the door on investment house
Indian owner has reduced stake in former subsidiary Prime Securities to less than 1%.
- Hanjin sticks with Singapore
Reduced port dues will bring big savings to South Korean line.
- Trinity Industries to sell stock
Largest US barge builder will use net proceeds for debt repayment and acquisitions.
- Keppel T&T still resisting boxship "firesale"
Two years after putting fleet up for sale, Singapore owner still has 10 1990s-built vessels.
- Kiriacoulis wins arson case
Appeal court orders insurers to pay for loss of passengership in mystery fire.
- USCG moves against rusty ships
Corroded vessels are still trading to the US despite the detention risk.
- Nino cargo transfer expected later this week
Weather is key to lightering and refloating of Columbia Shipmanagement's tanker off South Africa.
- Q Ship denies SCI pull-out
But Qatar owner's bid in question after Indian partner quits race for state shipping company.
- Inactive tankers - a dark cloud on the horizon
Laid-up or inactive tanker tonnage has risen to its highest level since late 1998.
- Beacon Shipping affiliate misses claims deadline
"Thwarted" bidder for Latvian Shipping has not filed any claims against stock exchange or privatisation agency.
- Eastbound box volumes remain resilient
Asia to US cargo movements have seen double-digit growth in three out of the last four months.
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