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| FEBRUARY 27, 2002 |
Shipping News
- Marine industry must lure more local talent
SINGAPORE's buoyant marine industry has 'an internal image problem' and must 'sharpen its competitive edge' to stay ahead and attract professionals in the future, according to the Association of Singapore Marine Industries' president Heng Chiang Gnee.
- World shipping lines meet to boost security
- Daewoo Shipbuilding plans to cancel six million shares
- Shipwreck may be treasure trove
Air and Land Transport
- US probes whistle-blower complaint on air security
THE Transportation Department said that it was investigating a whistle-blower complaint that aviation regulators allegedly covered up security shortfalls at US airports for years.
- Star concerned over hikes in airport charges
- Asia a key market for RR's defence business
- China to reorganise air traffic rights after combining carriers
- Hainan Air to set up Cambodia flag carrier
- Log Book
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| FEBRUARY 27, 2002 |
- New World Alliance drops NEX, MED in Asia-Europe revision
- Stinnes takes on Transrapid project
- Ansett deal still a goer says Tesna Holdings
- Thai announces summer schedule for 2002
- JV established for aircraft repair
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| FEBRUARY 26, 2002 |
- Air France cuts Atlantic capacity
- Struggle to finalise Ansett sale
- KLM to adjust summer schedules
- Geest and Norfolkline to expand Irish operations
- Cargosmart launches european operations
- New Vice President A.P. Møller
- DHL new information services center
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| FEBRUARY 27, 2002 |
- Govt to complete SCI sell-off procedure by July
- MOL withdraws EoI
- SCI chief makes out strong case for adoption of tonnage tax
- CII to organise Indo-Latam pharma meet in Mumbai, Hyderabad from March 4 to 8
- Ennore Port sketches out Rs 1,350-cr. berth expansion plan
- Indian ports must cut costs, improve efficiency to stay competitive: Tomas Dyrbye
- Rail freight rates rationalised
- Steel exports on the rise; prices too firm up
- EOUs, EPZs import list enlarged - Star status to units having Rs 5-cr. capital base
- Fieo opens door for SMEs to expand exports to US, Europe
- Bank credit up by Rs 1,265 cr.
- Reforms vital, emphasises Economic Survey
- Sinha may earmark Rs 400 cr. for states’ incentive-linked export scheme
- Garment exports in full swing
- FCI move on silos draws good response
- Forex reserves exceed $ 50 bn
- Panel talk on ‘Budget impact’ at WTC on March 4
- Experts to express views on Budget on March 1
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| FEBRUARY 26, 2002 |
- St. Eustatius prices steady as demand picks up
- Prices on the firm side in Panama as resupply cost rises
- Crude firms as traders bet on US stock draw
- Jim Nokes of Conoco takes title with him into Conoco-Phillips
- Saudi analyst: OPEC-Russia cooperation may end soon to be replaced by fight for market share
- Argentina market update: Bunkers not likely to be affected by 5% export tax
- Chile market report from PACSA and Coastal Petroleum
- US crude futures ease on product sell-off and UN-Iraq talks, up slightly today ahead of US stock data
- Prices rise in Brazil
- Strong bunker demand reported in Montevideo and Alpha Zone
- Rotterdam firm on prompt product shortage
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| FEBRUARY 26, 2002 |
- ACL: de-listing from the Oslo Stock Exchange
- Logochem obtains SQAS certificate
- New ship for P&O Nedlloyd
- MOL: training centre in the Philippines
- 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 managing director
- UPS combines subsidiaries
- Airborne top executives retire
- Inland shipping freight market, week 08, 18th/22nd February, 2002
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| FEBRUARY 27, 2002 |
- New aframax blow as Venezuela cuts oil flow
THE suffering aframax market has been dealt another blow with Petroleos de Venezuela declaring force majeure on a portion of its crude oil loadings.
- Anguish over lost Kristal seafarers
RELATIVES of Spanish seafarers lost in the Kristal tragedy have spoken of their anguish at the continued lack of information about what happened at sea that fateful day last year, writes Brian Reyes.
- H&W drillship claim leaps £66m
Harland and Wolff has submitted a claim for almost £200m ($280m) with two leading UK financial institutions relating to alleged additional costs on two sophisticated drillships constructed for Global Marine.
- Caronia spill costs agent $400,000
BRAZILIAN authorities have come down hard on Cunard’s Rio de Janeiro agents, following a spill involving 7,000 UK gallons of marine fuel oil into Guanabara Bay last Saturday night from the cruiseship Caronia.
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| FEBRUARY 26, 2002 |
- Rosneft in tanker newbuild plan
- Radisson routs Renaissance rumour
- Cunard cops fine for polluting Rio
- Broström unveils record result
- US beans face Chinese GM curbs
- Paperwork delays IMC take-over
- Grindrod carries on climbing
- Star Cruises open to offers
- High hopes at Esperance
- ITF champions Oz crew claim
- French tonnage tax proposed
- Canada hits marine polluter
- Athens share probe launched
- Korea and Japan plan safety link
- Daewoo plans de-listing
- Feedering will continue to grow
- Indian ports are too expensive
- Frontline profit leaps
- Murder feared on Viking ferry
- Four missing after tug collision
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| FEBRUARY 26, 2002 |
- Eskew: UPS targeting supply chain
United Parcel Service's CEO told a conference that there is no issue more critical to the future of commerce than managing global supply chains.
- Tankers brace for OPEC decision
Tanker freight rates are about to face renewed pressure as oil-producing countries look to bolster sagging crude prices.
- So. Cal. airports plan cargo developments
- Dole, King Ocean in slot-charter deal
- Dow Chemical logistics contract to BDP
- China Airlines resumes Sri Lanka cargo service
- TNT International Express names US VPs
- Jan. cargo off at Houston
- A.P. Møller names Carlsen EVP
- Mettler Toledo chooses Kuehne & Nagel for air cargo
- FedEx eyes hybrid electric trucks
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| FEBRUARY 27, 2002 |
- NCTS: les projets-pilotes belges démarreront bientôt
Agfa-Gevaert et Ziegler ont été reconnus par l’administration centrale des douanes comme firmes-pilotes autorisées à tester le New Computerised Transit System (NCTS), a annoncé Freddy Pirron, le président de la “Plate-forme Douane” à l’occasion d’une conférence de presse. Le rôle d’Agfa a été éclairé par Jan Pieter Duijker, le general manager Global Logistics Services de l’entreprise, tandis que le ministre flamand Jaak Gabriëls et le commissaire du gouvernement Alain Zenner ont souligné les efforts consentis par les autorités en matière de modernisation des services douaniers.
- F.S. Mackenzie lance un service de groupage routier sur l’Italie
L’expéditeur britannique F.S. Mackenzie, qui organise des transports routiers vers l’Europe centrale et de l’Est, tourne désormais le regard vers le marché d’Europe occidentale en lançant un service de groupage hebdomadaire par la route entre le Royaume-Uni et l’Italie.
- Le canal du Centre reprofilé ne sera opérationnel qu’en septembre
Suite aux longues périodes pluvieuses des derniers mois de 2001, le canal du Centre reprofilé ne pourra être opérationnel qu’à partir de début septembre 2002. Les services compétents estimaient au départ que le nouveau bras du canal via l’ascenseur de Strépy-Thieu aurait pu être mis en service au printemps de cette année. Le retard a été officiellement annoncé au cours de la présentation du programme d’investissement de la Sofico (Société Wallonne de Financement Complémentaire des Infrastructures) à Liège, en présence du ministre wallon des Travaux publics et de l’Infrastructure, Michel Daerden.
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| FEBRUARY 26, 2002 |
- Frontline pushes pooling
Dire market heightens hope of increased co-operation with other owners.
- Bankrupt Global Crossing may get more suitors
AT&T, Verizon, NTT and Cable & Wireless may kick off a bidding war for the cableship owner.
- Borgestad profit tumbles
But shipping business turns in "satisfactory" result.
- Laycan brokers regroup
Norwegian online chartering group ditches software unit to return to chartering as Dyna Shipping.
- Lasco orders bulkers in Japan
US owner talks multiple orders and is moving to set up its own logger pool.
- Korean strike affecting small shipyards
Workers from small shipyards and container depots have joined the two-day old strike.
- Metro Pacific prepares for Nenaco write-down
Philippines ferry operator still costing parent company dear, with announcement on future imminent.
- Nordic Water still leaking cash
Search for new transport contracts continues despite lack of success through last year.
- AMC blamed for surveyor's death
The death was attributed to a lack of training by the Hong Kong-based employer.
- Latvian Shipping sounds profit warning
Tanker market depression will slash Latvian owner's earnings in 2002.
- Bergesen scraps ULCC
Norwegian owner ponders future of elderly turbine tanker fleet.
- Zanzibar ferry back in action
Zanzibar Shipping Corp's Mapinduzi has returned to service after an 18-month suspension.
- Crowley takes over MTC
MTC's President Richard Du Moulin and CFO Mark Filanowski will resign on 1 April.
- Four crewmen remain missing in Maryland
Search for missing crew from the sunken tugboat was called off Monday evening.
- P&O takes Irish Continental ferry
Irish ferry group secures employment for two vessels.
- Tokai Kisen ploughs further into the red
Troubled Japanese ferry operator's second half profit not enough to cut losses in 2001.
- Daewoo plans share retirement
Shipbuilder looks to bolster share price by buying then cancelling 3% of its own stock.
- Brostrom logs record returns
Swedish tanker owner believes contract cover will carry it through any volatility expected this year.
- MISC fined over lost cargo
Malaysian owner pleads guilty to discharging contaminants off New Zealand.
- IMC privatisation plan hits snag
Lunar New Year and delays in preparing financial details blamed for delay to offer document.
- Caronia fined for Rio spill
Cunard's vintage cruise liner in rare pollution incident.
- Stelmar takes delivery of Ambermar
Handysize tanker begins 18 month time charter to ChevronTexaco.
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