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| AUGUST 26, 2002 |
Shipping News
- PSA's HNN may re-design planned MSC terminal
PSA Corporation's Belgium subsidiary Hesse Noord Natie may work with key customer Mediterranean Shipping Co and authorities to re-design a planned dedicated terminal to avoid further legal delays.
- Indon shipping firms in talks to form alliance
- APLL sets up unit in Chile
Air and Land Transport
- Delta, Continental and Northwest forge alliance
THREE big US airlines - Delta, Continental and Northwest - have announced a broad alliance to weather a crisis that is forcing some carriers towards bankruptcy.
- Qantas faces legal issues in any Air NZ deal
- Airlines may no longer need to ask security questions
- Cathay requests flights to 3 mainland cities
- BA slashes fares on some winter flights
- Air China plans listing via HK-listed owner of Dragonair
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| AUGUST 26, 2002 |
- Revenue rates down, P&O Nedlloyd posts Q2 $46m loss
- Auckland ports sees "new era" as box traffic rises 5pc
- Gildemeister appoints Hostmap as HK representative
- Columbia Coastal expands cargo services in US Gulf
- Qantas to raise A$800 million, considers stake in Air NZ
- Taiwan-HK sector lifts Dragonair's cargo volume
- Ryder wins German plant, multi-year logistics contract
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| AUGUST 23, 2002 |
- 'Delta to join Continental and Northwest'
Delta Air Lines is to join the Continental/Northwest partnership, several US newspapers reported.
- Geest boosts capacity throughv
Following the successful April launch of its container service between Grangemouth in Scotland and Rotterdam, together with the upgrading of its Teesport service, Geest North Sea Line has announced that it is increasing capacity on these routes.
- Newark airport could be renamed 'Liberty'
Newark International Airport should be renamed Liberty International to honor the victims of the September 11 attacks, the governors of New York and New Jersey said Wednesday.
- Dragonair record cargo numbers
Topping the gains of Dargonair in July 2002 was a strong 68.33 per cent surge in cargo volume compared with July 2001, while on the passenger side the number of travelers jumped 16.03 per cent over one year earlier.
- Amsterdam Airport exceed expectations
During the first six months of 2002 Schiphol Group posted - pretax - results reflecting the same level as last year. Operating profit was up by 5.3 per cent, rising 108.2 million euro.
- US Airways To Cut 13 percent
US Airways will cut 13 percent of its flights and an unspecified number of jobs as part of its bankruptcy restructuring, the airline told employees yesterday.
- Lufthansa Cargo: lower revenue, more profit
Lufthansa Cargo, the world's biggest international air cargo carrier, reported an operating profit of 49 million euro in the six months to June 30, compared with 2 million euro a year earlier.
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| AUGUST 26, 2002 |
- Shahi Shipping improves JNPT/MbPT services
- Good scope for exports of sports goods and toys, says Fieo
- Addl. textiles quota in Group-II to be released
- Duty-free inputs for SEZ developers notified
- MbPT decides to develop conventional cargo terminal on BOT basis - Berth Nos 10, 11, & 12 ID
- Kakinada deep water port to come under SEZ: Official
- N M Port exports largest parcel of furnace oil
- DEPB rates for export of some steel items hiked
- Govt hikes wheat export prices
- AIAI to lead 15-man team to Canton Fair
- Andhra tops in EOU investment: Official
- Fieo chief hails MP govt’s decision on special economic zone at Indore
- MANSA: 24th Annual General Meeting - Outgoing President, K. P. Desai, takes stock of MANSA’s progress & achievements
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| AUGUST 23, 2002 |
- Bunkerfuels Korea Team Joins OceanConnect
- Barges back in Cherbourg
- Saudi Arabia says OPEC can meet any supply disruptions from Iraq
- Rotterdam opens firmer on strong barge market
- Crude ends two-week rally on profit taking
- Russia: Gloria brings bunkering to Primorsk
- Tight avails reign on US West Coast
- US East Coast: demand running high
- OW introduces OPL bunkering at competitive Black Sea port
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| AUGUST 23, 2002 |
- TNT partners with Proctor & Gamble in Turkey
- Geest boosts capacity through Grangemouth and Teesport
- Delmas Europe Atlantic - West Africa Line changes its Amsterdam terminal
- Shipping lines announce rate increases as from October 2002
- Lufthansa's operating profit soars
- Austrian Airlines (AUA) reports positive result
- Wilh. Wilhelmsen and Wallenius Line seal contract on acquisition of HMM's car-carrier division
- Continental Airlines to ground a further eleven aircraft
- Fraport posts increase in cargo throughput
- Hoyer Nederland buys 50% of chemicals handling firm
- Inland shipping freight market, week 33, 12th/16th August, 2002
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| AUGUST 23, 2002 |
- Board member indicted in pollution case
First charge ever filed in the United States against a corporate board member for his role in a conspiracy involving vessel pollution
- Successful Western Gulf lease sale
MMS reports "spirited bidding"
- SWM gets Aegis cruiser contract
The U.S. Navy has awarded Southwest Marine (SWM) the advanced planning segment of the contract for dry docking and pier side work on the USS LAKE CHAMPLAIN (CG-57)
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| AUGUST 23, 2002 |
- Customs expanding C-TPAT to include brokers, forwarders and NVOCCs
- Rail freight counts post best week of year
- Boeing team testing underwater survey vehicle
- Department of Commerce leading aerospace execs on Vietnam mission
- Panama Canal Authority opts for two-step rate hike
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| AUGUST 26, 2002 |
- Earth Summit kicks off with protest
SOUTH African police detained up to 12 Greenpeace activists on Saturday who scaled the Koeberg nuclear power plant near Cape Town in the run up to the Earth Summit, writes Hugh O’Mahony.
- Shipping securitisation first with $663m NIB loan deal
Dutch bank NIB Capital has completed what it believes to be the first ever securitisation of shipping loans.
- South Koreans ready to slug it out with EU
An EU delegation in Seoul for emergency talks today and tomorrow with the South Korean government over the EC’s threatened WTO complaint on shipbuilding prices has received advanced warning that the South Korean position is hardening.
- Stronger spot market boosts China Shipping
AS ITS liner shipping rivals struggle with ballooning losses, China Shipping Container Line expects to at least break even this year, thanks to its high exposure to the spot container market and a booming China trade.
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| AUGUST 23, 2002 |
- Crowley Senator owner clarified
- More conferences impose increases
- Arcalia takes ‘Love Boat’ to Brazil
- PMA pushes away Taft-Hartley aid
- Frontline suffers $31M loss in 2Q
- Training institute fears future
- Indians hit by crew list proposal
- Xiamen talks to liner operators
- Mols Linie assesses its fleet needs
- Szczecin yard pays back Odfjell
- Australia slashes wheat estimate
- Busan to screen hazardous cargo
- Mexican flag attracts more ships
- Alaska probes Ryndam discharge
- Ammunition stolen from box ship
- Cambodian registry's wings clipped
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| AUGUST 23, 2002 |
- Trade groups blast proposed security fee
The fee on U.S. imports and exports, if passed into law, would not be spent on cargo security but rather would be diverted for other purposes having nothing to do with trade, the leaders of two major organizations said.
- Carriers boost Europe-India rates
The India-Pakistan-Bangladesh-Ceylon Conference notified shippers that rates would rise by $150 per TEU and $200 per FEU for shipments from Britain, the Northern Continent, Scandinavia and Western Mediterranean to India, Pakistan, Bangladesh and Sri Lanka.
- Coast Guard reinstates LA-Long Beach port captain
- Consolidated Freightways may lose Nasdaq listing
- Frontline plunges into red as supertanker rates dive
- Cargo surges at Schiphol Airport
- EU, South Korea to meet in final bid to resolve shipbuilding dispute
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| AUGUST 23, 2002 |
- Eagle Vermont may go west
Open Asia-US arbitrage may allow American Eagle Tankers' newbuilding to sail to the US.
- Northrop shipyards to boost manpower
The workforce will increase by 2,000-3,000 over the next three to four years.
- Shipowners paying costly private security fee
Shipping firms have to pay for private security guards at US ports.
- Korean firms slapped with hefty fine
Four Korean shipping companies plead guilty to marine pollution and conspiracy in the US.
- Frontline logs second quarter loss
But John Fredriksen's tanker giant declares itself "comfortable" with its financial position.
- Boxship accused of discharge violation
Inspectors in the Paris MOU region detained 137 ships during July.
- Solstad boosts returns
Norwegian vessel operator sees second quarter action fall away after strong start to the year.
- Brostrom income plummets
But Swedish product tanker player says it is cushioned from worst falls by COAs.
- Chips are down for woodchip carriers
The stronger yen, the ongoing Japanese recession and growing recycling are threatening this specialist trade.
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