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03 August 2020 The on-line newspaper devoted to the world of transports 16:21 GMT+2

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Shipping Timesweb site
OCTOBER 25, 2002
Shipping News
  • Jurong Port to start on third phase of expansion
    JURONG Port will push ahead immediately with the third phase of its container terminal expansion after passing the monthly throughput hurdle of 20,000 TEUs in September.
  • Ferry operator looks beyond Riau islands
  • Justice Dept asked to step in
  • Asia's shipping business very competitive: EOX
  • P&O Princess profit up 7.3% in Q3
  • Older ships may be charged more at Manila terminal
Air and Land Transport
  • US urges trading partners to tighten security fast
    THE US government told major trading partners across the Pacific Rim yesterday they need to move quickly in imposing strict migration, airport and port controls as part of its global anti-terrorism push.
  • Ailing United Airlines to stop flying to four overseas destinations
  • KLM Q2 profit triples but it expects full-year net loss
  • 3 groups seen bidding for 2 Cyprus airports
  • Log Book

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Sched Netweb site
OCTOBER 25, 2002
  • CKYHS reinforces all water and trans-Atlantic service links
  • Danzas delivers for Pitney Bowes
  • Miracle impression spreading across Asia, Australia
  • NOL appoints Cindy Stoddard as group CIO
  • AA to use Cognos program to improve systems analysis
  • Cathay Pacific wins Airline of the Year title at TAG Awards
  • UPS reports Q3 China volume rises over 40pc, HK up 15pc

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Cargowebweb site
OCTOBER 24, 2002
  • NOL appoints group CIO
    Neptune Orient Lines (NOL) today announced the appointment of Cynthia A. (Cindy) Stoddard as Group Chief Information Officer.
  • Vopak sells UK shipping agency
    Royal Vopak announces that it has reached agreement for the sale of its 50 per cent interest in the shipping agency Clarkson Brothers Ltd. in Middlesbrough, United Kingdom.
  • Lufthansa rejects demand for 9 per cent pay rise
    Deutsche Lufthansa said it is dismissing a demand by its 52,000 cabin and ground staff for a pay raise of 9 per cent, nine times the German inflation rate.
  • Transpacific trade volume gap hits record
    The widening trade volume gap on the transpacific hit record levels in August, with two-thirds of containers returning to Asia from the US empty. In August, 846,817 Teu were shipped from Asia to the US, but only 281,777 Teu returned laden.
  • KLM up on good result
    Shares in KLM lifted 6 per cent, to 10,60 euro today at the Euronext in Amsterdam, as the Dutch flag carrier reported third quarter 2002 results at top end of the forecasts, with positive expectations.
  • Additional cost-cutting UAL
    United Airlines today announced this week's second round of cost-cutting measures that are expected to improve profitability by approximately $120 million annually.

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Exim Indiaweb site
OCTOBER 25, 2002
  • CMA-CGM transports 34 pc more containers in first half
  • Top accolade for MOL
  • ECU-Line offers weekly service to Port Louis
  • ECU-Trans expands possibilities
  • Kuehne & Nagel signs up for C-TPAT initiative
  • "K" Line orders 2 ships from Imabari Shipbuilding
  • Evergreen's move to boost PTP's 2002 throughput by 18 pc
  • Le Havre to have new grab crane soon
  • Schenker AG wins award for sales campaign
  • COSCO-Hutchison port venture's Sept. box volume up by 39 pc
  • Panalpina applies to join C-TPAT
  • Italia Line adds Fos call
  • Maersk Sealand adds new service to Guinea Bissau
  • Canada Maritime to augment fleet
  • MSC improves South American, Caribbean services - Introduces Argentina Express and Amazonia Express services
  • China Shipping launches largest mainland boxship
  • APL & APL Logistics get thumbs up for stellar IT performance - Climbs from 456th rank in 2000 to 57th in 2002
  • Kalmar gets closer to European customers
  • Gem, jewellery exports spurt by 36 pc in April-July
  • South Korea sees India as major market, springboard to Europe
  • SION for 45 new export items notified
  • Indian pepper finds flavour in US, Europe again
  • Work on Sethusamudram project to begin soon
  • Singapore Airlines Cargo expands fleet, network
  • Delta Air Lines selects Wipro as vendor in India
  • Freight traffic boom for Asia-Pacific airlines
  • Sweet taste of success for Emirates SkyCargo
  • UASC/Transworld promote Concor's maiden run ex-ICD-Bangalore to NSICT - Faster transit to Gulf, Red Sea & E. Med. sectors
  • Crisil study sees positive signs of economic recovery in core sectors during April-September 2002
  • Jaswant may retain excise duty exemption for mass consumption goods
  • Demand for Indian rice expected to continue
  • Banks allowed to fix loan limits for CA audit
  • Low-cost production seen as answer to effectively combat Chinese competition
  • CII-McKinsey report demolishes 5 myths about Chinese economy, products industry
  • 7-pt formula to tackle Chinese challenge
  • State to apply the MIDAS touch to attract private sector funds for core sector
  • Finance Ministry will need new faces after Budget
  • RBI to instal 42 high-speed systems for soiled, mutilated notes
  • Andhra to set up handloom bazaars in all districts

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The Bunker Bulletinweb site
OCTOBER 24, 2002
  • Joint venture to launch new bunker supply operation in Argentina
  • Daily bunker market report from Praxis Energy Agents (Thursday)
  • ARA: Prices bounce back following crude
  • Singapore rebounds after month-long fall
  • Crude rises as US fights its corner over UN resolution
  • US oil imports up
  • Italian indications increase after slump
  • Daily Bunker market report from Praxis Energy Agents (Wednesday)
  • Rotterdam on a firm note this morning

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International Transport Journalweb site
OCTOBER 24, 2002
  • Australia buys its first Kalmar Rough Terrain Container Handlers
  • Vopak sells interest in UK shipping agency
  • Norfolk Southern reports third-quarter 2002 results
  • KLM's operating income for the second quarter increased to EUR 141 million

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Marine Logweb site
OCTOBER 25, 2002
  • USCG issues security NVIC
    The Coast Guard has issued vessel security guidelines consistent with proposals being developed at IMO
  • AMFELS delivers jack-up
    Keppel's yard in Brownsville, Texas, has delivered on time and on budget, a KFELS MOD V "B" class ultra premium jack-up drilling unit.

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Il Sole 24 Ore On Lineweb site
OCTOBER 25, 2002
  • Black-out per la ricerca navale
  • Porti, allarme controriforma

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Lloyd's Listweb site
OCTOBER 25, 2002
  • Insurers face $40m P&O Princess claim
    INSURERS face a bill of up to $40m from P&O Princess Cruises in compensation for delayed delivery of the badly damaged Diamond Princess cruiseship.
  • Low rates threaten intra-Asian feeder lines
    ASIA'S huge feeder shipping business is under threat from low freight rates which encourage main lines to opt for direct shipping instead, according to a top Singapore operator.
  • CMB outraged by Limburg oil spill bill
    Yemenis demand $18.5m advance for clean-up, writes Andrew Spurrier in Paris. BELGIUM'S CMB shipping group reacted furiously yesterday to a claim from the Yemeni government for a $18.5m advance payment against the cost of pollution damage caused by the October 6 terrorist attack on its tanker, the 299,364 dwt Limburg.

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Fairplayweb site
OCTOBER 24, 2002
  • German yard merger moves closer
  • Agent reiterates Repsol allegations
  • Lines to pass on West Coast costs
  • USWC dispute hots up again
  • Shippers kept in the dark
  • Singapore calls for IMO 'balance'
  • Italy pleads for its port sector
  • RCCL posts 'remarkable' 3Q figures
  • UK Club goes for 25 per cent hike
  • Finland warns of harsh winter ahead
  • Pipe rupture led to bulker sinking
  • Greece searches for 'terror' vessel
  • Tobago assesses potential of CNG
  • Electric 'fence' mooted for ships
  • Israel drops contentious port plan
  • Gulf states to implement Marpol
  • Halter Marine goes to Singapore

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The Journal of Commerceweb site
OCTOBER 24, 2002
  • Shippers, labor back at contract talks
    Negotiations resumed as federal mediators try to broker a deal in the bitter West Coast labor dispute.
  • Shippers ask for Jones Act waiver
    The National Industrial Transportation League wants Customs to allow foreign-flag vessels to shuttle stranded containers to their proper destination at West Coast ports.
  • Union Pacific net soars on acquisition, tax gains
  • Marine, property help CSX profits
  • Lift for KLM cargo revenue
  • Weaker lease rates drag GATX income
  • Manhattan Assoc. acquires
  • APL opens direct India-U.S. East Coast service
  • CII aides Australia's Bali victims
  • Louisiana agency endorses SeaPoint
  • Halifax narrows list of box hub operators
  • Japan opens new Russia tanker route
  • Kirby 3Q revenue off

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Antwerpse Lloyd n.v.web site
OCTOBER 25, 2002
  • Le groupe “CKYS” se structure sur l’axe Est-Ouest
    Les armements Cosco Container Lines Ltd (Coscon), K Line, Yang Ming et Hanjin se sont engagés dans la voie d’une coopération opérationnelle plus étroite, qui se présente en fait sous la forme d’une alliance. A défaut d’un nom précis, celle-ci est désignée pour l’instant par les lettres “CKYS”. Nous avons déjà fait allusion à maintes reprises à ce rapprochement, qui se concrétise à présent dans les faits. Les intéressés annoncent une nouvelle panoplie de services conjoints, qui impliquent locations et échanges de slots.
  • ERS Railways transforme les armements en transporteurs ferroviaires
    Mærsk Sealand et P&O Nedlloyd ont décidé d’organiser eux-mêmes le transport ferroviaire de marchandises car les services de l’”ordre établi” laissent à désirer. Ils ont réussi à mettre sur pied ERS Railways dans un délai de six mois. Il s’agit d’un “spin-off” de European Rail Shuttle (ERS), dans lequel les deux groupes maritimes participaient déjà. Mærsk Sealand et P&O Nedlloyd détiennent chacun la moitié des actions, mais cela ne signifie pas pour autant qu’ERS Railways effectue exclusivement des transports pour leur compte vers Germersheim, Neuss et Mayence. Pas moins de 30% du volume est transporté pour le compte de tiers.
  • Les transporteurs US commencent à percevoir des signes de reprise
    Bon nombre des transporteurs routiers américains ont annoncé des bénéfices en hausse au troisième trimestre, de même qu’une croissance de leur chiffre d’affaires. Cette nette amélioration est due en grande partie à la réduction de la capacité résultant de la faillite de plusieurs sociétés (dont la principale est celle de Consolidated Freightways le mois passé), mais, fait nouveau, ils ont été nombreux à resentir les effets d’un début de reprise économique. Celle-ci est toutefois encore trop faible pour que les consommateurs reprennent suffisamment confiance. C’est ce qui explique pourquoi UPS a fait exception à la règle.
  • USA/côte ouest: le Département de la Justice enquête sur le travail au ralenti
    Dans les ports américains de la côte ouest, le rattrapage des dix jours de “lock-out” se poursuit plus lentement que prévu. Les estimations avancées il y a quelques jours par la Pacific Maritime Association (PMA) et qui portaient sur un délai de dix semaines au moins pour un retour à la normale, s’avèrent chaque jour plus réalistes. La situation est devenue préoccupante au point que le Département de la Justice a réclamé d’urgence - tant de la Pacific Maritime Association (patronat) que du syndicat ILWU - toutes les informations et documentations relatives à ce travail au ralenti. Ces données doivent être mises à disposition pour ce vendredi. Cette démarche fait suite à une plainte déposée par la PMA.

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TradeWindsweb site
OCTOBER 24, 2002
  • Kirby improves earning outlook
    Third quarter net earnings rise by 5% from a year ago to $11.96m.
  • Finnlines cuts costs as profit falls
    Finnish owner seeks replacement vessel for summer cover.
  • Charterers hold out on VLCC business
    But ChevronTexaco fixes tonnage for Urals crude movement east.
  • CSX Corp pumps up earnings
    Marine businesses contribute $40m to $127m total net income in July-September.
  • Teekay profit falls a hundredfold
    Aframax owner pays massive price for a 36% drop in daily charter rates.
  • Caspian fleet under scrutiny after sinking
    Oil slick forms as sunken cargo ferry Mercuri-2 gives up crude cargo.
  • German yards to merge
    Joint ownership for Warnow Werft and Aker MTW.
  • NSCSA profit slashed
    Saudi tanker giant does not escape fallout from this year's weak market.
  • Odfjell buys back two newbuildings
    Norwegian owner restyles newbuilding contracts with new look Szczecin yard.
  • CSDC profit soars
    Booming domestic trade and cost control helps China Shipping Development to improved returns.
  • P&O Princess profit inches up
    Cruiseship takeover target says its third quarter figures are "solid."
  • Bockstiegel inks boxship engines deal
    German owner buys two engines for containerships being built at Jingling Shipyard.

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