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04 April 2020 The on-line newspaper devoted to the world of transports 11:03 GMT+2

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Shipping Timesweb site
FEBRUARY 26, 2002
Shipping News
  • Star Cruises chalks up narrower Y2001 loss
    MALAYSIA's Star Cruises Group recorded a narrower US$8.4 million net loss in 2001 compared with its US$29.6 million loss in 2000, despite a massive 47 per cent dive in operating income exacerbated by the events of Sept 11.
  • Alliance to revamp Asia-Europe services
  • S Net Freight sets up operations in Japan
Air and Land Transport
  • BA promises not to sell its stake, says Qantas chief
    BRITISH Airways has promised not to sell its 22 per cent stake in the Australian flag carrier, Qantas Airways, said Qantas chief executive Geoff Dixon.
  • EADS seeks to team up with ST Engineering
  • Sydney airport sale may resume next month
  • S'pore, China to expand air services
  • Analysts raise doubts over Ansett takeover
  • Berlin seeks EC nod to aid Lufthansa
  • Working to overcome terrorist threat
    COULD a terrorist bomb get through the port in Savannah hidden in one of the more than 800,000 cargo containers passing through each year? 'Yes, it could,' US Coast Guard Cmdr Jim McDonald said.

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Sched Netweb site
FEBRUARY 26, 2002
  • New direct consolidation service for Shanghai
  • Hong Kong's Cheoy Lee Shipyard in for cleanup
  • Hanjin Taipei enters into Pendulum II service
  • K Line appoints new MD
  • SAS reports Vasteras Airport to Competition Authority
  • UPS combines subsidiaries
  • Airborne top executives retire

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Exim Indiaweb site
FEBRUARY 26, 2002
  • Intellectual honesty holds key to better governance - BCCI's Leadership Lecture Series - Michael Pinto
  • Oldendorff Indotrans celebrates year of fruitful operations at JN Port - Bjoern Ihlenfeld pledges to strive for increased traffic volumes
  • TNWA upgrades 3 Asia-Europe services - Selects Gioia Tauro as new Med. hub
  • Cardamom team to study Guatemalan techniques
  • IASC team to study Indian oilseeds scenario
  • Global Network inks MoU with S. African consultancy firm
  • Mid-course corrections in Export Strategy not ruled out: Prasad
  • IDMA seeks one-time extension of Vabal scheme
  • Port workers to stage 'dharna' before Parliament on Thurs
  • Coffee Board announces transport subsidy
  • Forex reserves up by $ 201 million to $ 49,766 million
  • Centre may allot Rs 17 cr for state apparel parks
  • Central excise rules amended for Budget day clearances
  • Union Cabinet clears path to labour reforms
  • Build India brands in IT, exhorts Nasscom Chief
  • SGS seminar on export promotion via E-com. in Hyderabad on Feb. 27
  • Suresh Kotak elected new IMC President - Shailesh V. Haribhakti Vice-President
  • SEZ near Cochin airport in conceptual stage

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The Bunker Bulletinweb site
FEBRUARY 25, 2002
  • PetroChina and Pertamina in possible oil exploration and refinery cooperation
  • Market report for Chile
  • Rodriguez forecasts low Q2 demand, hopes for Russian cooperation on cuts
  • Poland: Ship-Service announces that PKN Orlen SA takes big shareholding
  • Brazil market update
  • Big price spread in very mixed Korean market
  • Rotterdam morning market report
  • Quiet Singapore markets opens steady after holiday

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Marine Logweb site
FEBRUARY 25, 2002
  • Ownership change for P&I Club manager
    The Shipowners Claims Bureau, Inc., (SCB) which manages the American Club, the only P&I Club domiclied in the America's has now been demerged from Marsh, Inc.
  • GlobalSantaFe sells jackup
    GlobalSantaFe Corporation has sold the Key Bermuda offshore jackup drilling rig to Nabors Drilling International
  • ABS gets landmark German recognition
    Germany's See-Berufsgenossenschaft has approved ABS as a recognized organization for conducting safety surveys on German-flag vessels.

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World Wide Shipperweb site
FEBRUARY 25, 2002
  • Port of Port Angeles taps Hart Crowser for repair and marine trade guidance
  • Consolidated Freightways gains $45 million in new financing
  • ITC looking for public input of free trade pact with Singapore
  • Port of Vancouver, USA hires environmental specialist
  • Ex Coos Bay port manager passes away in Indiana

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The East Africanweb site
FEBRUARY 26, 2002
  • Mv 'Mapinduzi' Resumes Service to Dar, Mainland Ports
  • 'Shipowners Must Provide Security for Their Vessels'
  • Mombasa Cruise Services to be Privatised

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Lloyd's Listweb site
FEBRUARY 26, 2002
  • Star Cruises hit by September 11 slump
    Star Cruises, the world's fourth largest cruise line, said yesterday a slump in business following the September 11 attacks resulted in a loss of HK$16m for the year ended December 31, based on Hong Kong accounting standards.
  • Bulker rout after Cyprus flag tests
    An elderly panamax bulk carrier that was deemed a risk to her crew has been scrapped as a result of the Cypriot maritime administration's first longitudinal strength tests, which got under way last year.
  • AP Møller profits set to shine as new laws lift lid on performance
    AP Møller will reluctantly publish more detailed accounts later this year that will make the group's results look dramatically better, writes Janet Porter.
  • Kiln volume to be lifted 74% by key agreements
    THE underwriting capacity of Lloyd's firm Kiln is set to rise sharply this year following two key agreements.

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Fairplayweb site
FEBRUARY 25, 2002
  • Rotterdam plans Waalhaven development
  • Panama needs maritime strategy
  • Panama registry needs review
  • US Supreme Court hears FMC dispute
  • Liquid terminal giant emerging
  • Ferries boost French ports
  • Petersburg, Hamburg seal box deal
  • Essar Bermuda slow to take off
  • Bimco wants more Indians
  • Govt officials in dredger scandal
  • American Club manager de-merges
  • Ennore plans $281M expansion
  • NZ log ship freed
  • BLG takes 50 per cent of Harms
  • One dead as bulker sinks
  • Gdynia strike ended
  • Hope Downs seeks second ore berth
  • Vallarpadam to be fully privatised
  • Korea-China ferry traffic rises
  • Israel, Ukraine sign marine pact
  • Corus boost to inland shipping
  • Korean strike slows box flow
  • Downturn hits Star Cruises
  • Malta to pay early retirement bonus
  • Zim slashes war risk surcharge

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The Journal of Commerceweb site
FEBRUARY 25, 2002
  • DHL slates new U.S. op center
    The logistics provider will centralize its domestic network control, and some global oversight, in Arizona.
  • Lines sue over Manila fee hikes
    Carriers want a Philippines court to rescind a 10% increase in cargo handling fees at Manila's two international terminals.
  • FedEx eyes hybrid electric trucks
  • BridgePoint offers Web ocean contract management
  • Agent says FAA covered up security lapses
  • Genesee & Wyoming completes Emons acquisition
  • DM&E to acquire I&M Rail Link
  • U.S.-S. Europe lines hold bunker fee
  • Vastera buys Canadian trade management firm

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Antwerpse Lloyd n.v.web site
FEBRUARY 26, 2002
  • BLG acquiert 50% du groupe allemand Harms
    Les groupes brêmois BLG logistics et E.H. Harms sont arrivés à un accord sur la prise de participation du premier dans le second. Rappelons qu’en décembre dernier, notre publication-soeur DVZ révélait que des négociations étaient en cours (LL du 28 décembre 2001). Ce même jour de l’année passée, on apprenait que Bremerhaven perdait son leadership européen dans les trafics automobiles, étant détrôné de justesse par Zeebrugge. L’acquisition par BLG de 50% du transporteur de voitures Harms s’inscrit dans le contexte de cette lutte. Bremerhaven (majoritaire dans BLG) veut devenir plus attrayant en offrant une palette de services plus large.
  • Evergreen Marine a lancé ses nouveaux services pendulaires
    Pour l’armement taiwanais Evergreen, le mois de février 2002 marque la fin d’une époque, celle des services tour du monde east et westbound. Une page de son histoire est ainsi tournée. Un autre chapitre commence: celui des services pendulaires. Pour les chargeurs, cette mutation implique peu de changement étant donné que les fréquences restent hebdomadaires à jour fixe et l’armement a veillé à maintenir la même couverture de marchés.
  • Steve Stevaert: “Chaque franc affecté à la voie d’eau est bien investi”
    Le nouveau terminal roro pour charges lourdes construit le long du canal Albert à Geel via un partenariat public-privé entre le Dienst voor de Scheepvaart (80%) et l’exploitant Roro-Trans a été inauguré officiellement vendredi par le ministre flamand de la Mobilité, Steve Stevaert. Le projet cadre dans le programme de murs de quai du gouvernement flamand, dont le ministre Stevaert est le grand artisan. Il a dès lors profité de l’occasion pour défendre sa politique en la matière devant une colonne de 460 tonnes et 73 m de long, embarquée le lendemain à destination de l’Extrême-Orient.
  • CMA CGM à la recherche d’expéditeurs-logisticiens
    Comme tout méga-carrier qui se respecte, l’armement CMA CGM entend s’impliquer totalement dans la logistique, l’objectif étant d’assurer un service plus complet à la clientèle, c’est-à-dire offrir une logistique intégrée s’inscrivant dans le contexte dit “supply-chain”, d’aider la croissance et par la même occasion de mieux contrôler les flux de trafic. On sait que l’armement a déjà mis en place une organisation appelée “Logistics Link”, qui est opérationnelle en Asie et en Europe où un partenariat a été réalisé avec Giraud Logistic. L’armement veut aller plus loin. Ainsi que le président J. Saade l’a confié à notre confrère “Trade Winds”, l’armement cherche maintenant à acquérir un groupe d’expédition-logistique de taille moyenne, soit en Europe, soit aux Etats-Unis, groupe qui a une présence tant en Asie qu’aux USA et traite un trafic de l’ordre de 100.000 TEU dans chaque sens avec l’Europe.

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TradeWindsweb site
FEBRUARY 25, 2002
  • Bulk carrier hits tugboat in Maryland
    Four crew members from the sunken tugboat remain missing after collision with AV Kastner.
  • Frontline earnings collapse
    John Fredriksen VLCCs trade below breakeven through final quarter.
  • CP Ships shares rated Hold
    Poor industry pricing conditions could delay earnings recovery.
  • EC clears CAT purchase
    Wallenius plan to transfer holding in Renault logistics offshoot approved.
  • Another analyst turns bearish on Teekay
    Lazard Freres joins JP Morgan in cutting the tanker company's EPS for 2002.
  • Namsos losses mount up
    Red ink spills over for Norwegian passengership owner, despite improved sales.
  • No deal on Nakhodka spill
    Battle over "unseaworthy" tanker continues despite reports of $188m deal.
  • New bids to be called for Vallarpadam
    Work could start next year on new southern Indian boxship hub.
  • Renaissance rumours rumble on
    More names are being linked to the vessels formerly owned by the collapsed cruiseship player.
  • St. Lawrence Seaway sets reopening date
    The Lake Ontario sections and the Welland Canal will be open to traffic on 26 March.
  • Dagfinn Lunde moves up
    Elevation of ex-Intertanko chief signal NedshipBank not for sale.
  • IHI sets spin off deadline
    Japanese yard will tie up its shipbuilding forces with Sumitomo on 1 October.
  • Essar Shipping's joint-venture plan on hold
    Plans to divest shares in its new subsidiary to foreign partners fail to draw any interest so far.
  • NYK takes control of affiliate
    Japanese group's intra-Asia boxship services to be combined with subsidiary Tokyo Senpaku Kaisha.
  • Vietnamese shipbuilders extend skills
    Country plans first shipbuilding expo as yards prepare to start on prototype tanker.
  • Star Cruises up for grabs "if price is right"
    Fourth largest cruise company could be target for the loser in race for P&O Princess.
  • ACL goes ahead with delisting
    The last trading day for the Oslo listed stock is set for 1 March.
  • Two VLCCs head to the breakers
    China and Bangladesh are still active scrap buyers but India waits to hear what the budget will bring.
  • Tordenskjold back in the money
    Fleet upgrade pays off for Norwegian cement carrier and bulker owner.
  • ExxonMobil ex-seafarer awarded $5.1m
    Oil major told to pay compensation for cancer allegedly caused by crude oil fumes.
  • Pan United sees 49% profit jump
    Buoyant marine sector and China contributions help lift profits at Singapore marine group.

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