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| AUGUST 27, 2002 |
Shipping News
- IMO faces tough task putting security measures in place
THE International Maritime Organisation faces its most difficult task ever, in controlling how the proposed international maritime security regulations are implemented at the national level, said a senior IMO official yesterday.
- Evergreen Marine begins shift to Pelepas port
- Former Lorenzo Shipping exec in US$10m tax scam
Air and Land Transport
- Virgin Blue sues for access to Sydney Airport gates
RICHARD Branson's discount Australia domestic airline Virgin Blue is suing Sydney Airport Corporation Ltd for access to gates at the country's busiest airport, the airline announced yesterday.
- Taiwan to seek direct transport links with China
- Air Canada plans 'temporary' job cuts from Sept 30
- Rolls-Royce's H1 profit plunges 81%
- Bank may pick up Air Do stake: paper
- China again extends war risk insurance for airlines
- Outlook tough, says China Southern Air
Features
- PSA tackles challenges of 'demand century'
EFFICIENCY is no longer enough for PSA, says group president Ng Chee Keong.
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| AUGUST 27, 2002 |
- APL unit expands, acquires Chilean joint-venture
- Cosco launches inter-city services, receives Thai officials
- Christopher Brown to head UK P&I Asia Pacific
- Singapore govt offers 20 berths to best bidder
- After cost cuts, Schenker's sales, profit fall 4pc mid-way
- Martinair Cargo cuts Brazil services, launches to Chicago
- Qantas to use former Ansett terminal at Sydney Airport
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| AUGUST 26, 2002 |
- KLM to negotiate with Air France
Following the announcement of Delta, Continental and Northwest KLM will pursue its talks with Air France.
- OTAL to leave Ceres terminal Amsterdam
OT Africa Line (OTAL), the specialist West African shipping line, is to move its port operations in Amsterdam from the Ceres Amsterdam Marine Terminal to the USA Terminal.
- IPBCC conference rates higher
The India-Pakistan-Bangladesh-Ceylon Conference (IPBCC) notified shippers that it would increase its tariffs and reduce the extra risk insurance surcharge.
- Ordering new container ships again
The number of orders for new container ships is rising sharply this summer.
- Schenker now lead logistics provider of ESAB
Schenker's Swedish subsidiary Schenker Dedicated Services AB is now the lead logistics provider for Esab AB, Gothenburg, the world's largest producer of welding consumables and equipment.
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| AUGUST 27, 2002 |
- India Steamship to charter hire 1 gas, 4 chemical carriers
- MSC first to launch weekly mainline service ex-Kandla Port
- SCI divestment to be completed in 2002
- Indian garments jostling with Chinese product for breathing space in US shelves
- IEEMA team in Nigeria to boost trade ties
- HR steel prices up by 30 pc as exports rise
- Trade with Sub-Saharan Africa rises by 23.5 pc to $ 4 bn in 2001-02
- Buyer-seller meet begins at tech show
- TN textile exporters facing transit delays at Colombo port
- Ivory Coast govt demands Cargo Tracking Note for port cargo traffic
- Govt pursuing privatisation of Major Ports: Minister
- Koodalnagar-ICD in Madurai reopened
- IA gets 7 bids for lease of Airbus
- A. K. Kohli inaugurates new administration building & warehouse at ICD-Whitefield - Concor organises trade meet at Bangalore
- Forex reserves dipped by $ 118 million to $ 60,030 million
- Leather exporters see rosy prospects
- Govt eases credit norms for coffee growers
- Inflation rises to 3.03 pc
- MSEB draws up policy for power generation, supply in SEZs
- Machine tools industry latches on to growth trajectory
- CIAe wants garment export tariff bound at 20 pc
- Sugar council questions need for import
- Spinners body wants powerlooms brought under excise duty structure
- New wheat varieties to be presented
- Forex reserves rise by $ 609 m to total $ 60.639 bn
- SEZ units allowed to hedge without RBI nod
- ‘Serpentine’ marble included in export obligation discharge
- Foreign Trade Analysis: Current Policy & Procedures
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| AUGUST 26, 2002 |
- Hareket Nakliyat ships power plant
- Turkon Line to launch regular container liner service
- Turkish Railways signs a contract with General Motors
- Port of Izmir's capacity to be increased
- Rail link for Aveiro
- Antonov flies yacht to New Zealand
- Swiss WorldCargo spreads its wings
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| AUGUST 26, 2002 |
- McAlear leaves Kvaerner Philly
Ron J. McAlear has resigned as president & CEO of Kvaerner Philadelphia Shipyard to pursue other interests
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| AUGUST 26, 2002 |
- Port of Portland sees up month for tonnage through marine terminals
- Lockheed Martin part of venture helping Japan build maritime force
- Corps of Engineers opens contest for designing Pentagon memorial
- Transport Secretary announces airport users may carry beverages through check points
- Coast Guard repair team saves charter boat from sinking
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| AUGUST 26, 2002 |
- KR Marine Section to Acquire Larger Ships
- Comesa to Introduce Road Tracking System
- Indian Navy Ships in Dar
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| AUGUST 27, 2002 |
- Gibraltar tightens security after terrorist arrests
THE cruiseship Monterrey pulls out of Gibraltar on Sunday amid tight security while two Royal Fleet Auxiliary ships, Gold Rover and Black Rover, are berthed in the British port.
- P&I clubs to thrash out mega-claim overhaul
PROTECTION and Indemnity Clubs representing most of the world’s shipowners have started a review aimed at helping thrash out their approach to negotiating their overall reinsurance package - possibly the single most important account at Lloyd’s.
- Muscles from Brussels to show strength at IMO
EUROPEAN Union accession states could hold the key to speeding up processes at the International Maritime Organisation, as an enlarged EU flexes its muscles.
- Capesize stranded in new Australian mishap
A HANJIN-controlled capesize carrying 205,000 tonnes of iron ore grounded on a sandbank in Western Australia yesterday in the third large scale marine accident to occur in Australian waters in just over a month.
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| AUGUST 26, 2002 |
- FMC opens formal TSA probe
The agency will investigate charges that members of the Transpacific Stabilization Agreement discriminated against non-vessel-operating common carriers during the 2002-03 contracting season.
- Lufthansa air-cargo rate hike
The airline eyes a peak-season increase, including 3 percent on shipments from the United States.
- Approval for key New York dredging
The Port of New York and New Jersey has received approval from the Army Corps of Engineers to deepen a key waterway.
- Court: HMT doesn't discriminate
- Bennis to keynote JoC Breakbulk Conference
- Ports, labor return to talks
- Kvaerner Phil. chief out
- FMC seeks briefs in Md. case
- Taiwan leader pushes for China links
- Damage to Maersk Sealand vessel
- Northwest adds waybill charge
- Japan trader selects Vastera
- Nistevo reaches milestone
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| AUGUST 27, 2002 |
- Mærsk Sealand retarde la réception des PC de 8.800 TEU
A la veille de la publication du rapport financier semestriel, un groupe d’analystes danois considère que le groupe A.P. Moeller a vu son revenu chuter de 54.% à la fin juin, ceci essentiellement à cause de la faiblesse du marché maritime. Pour l’ensemble de l’exercice 2002 Moeller prévoit un bénéfice avant gains sur ventes et éléments spéciaux d’environ 6 mia. de couronnes contre 9,9 mia. en 2001. Les revenus générés par les activités pétrolières et gazières ont donné de meilleurs résultats que prévu, grâce à une haute tenue des prix du pétrole.
- DFDS réduit ses pertes sur EuroBridge
“EuroBridge est parvenu à stabiliser ses prestations au second trimestre.” C’est ce qu’écrit le groupe DFDS dans son rapport semestriel concernant le service roro entre Gand et Göteborg, qui avait sombré dans les chiffres rouges depuis un certain temps déjà. “Nous ne réalisons toujours pas de bénéfice sur cette route, mais nous sommes parvenus à réduire nos pertes”, nous a déclaré le presiding director Ole Frie. Cette amélioration relative - “stabilisation à un niveau de perte moins important”, dixit Frie - est principalement due aux efforts consentis par toutes les parties concernées en vue de réduire les coûts.
- HNN: les synergies avec PSA Corp commencent à se développer
L’entreprise de manutention Hesse Noord Natie fait désormais partie intégrante de la scène maritime et portuaire anversoise. Certes, il s’agit d’une filiale à 80% du groupe PSA Corp de Singapour, mais force est de constater que le management est resté local. Il n’y a en fait que six représentants de PSA installés au QG anversois de l’entreprise, ceci pour tirer le maximum de possibilités des synergies susceptibles d’être développées entre Anvers et Singapour. Cette présence est des plus normales quand on tient compte de l’importance de l’investissement réalisé.
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| AUGUST 26, 2002 |
- Lockout halts Vancouver grain shipments
Terminal operators lock out grain handlers at Canada's largest port.
- OceanConnect expands brokering team
The entire Bunkerfuels Korea team joins New York-based online bunker trading company.
- Frontline improving cash flow
John Fredriksen's tanker company did not issue dividend for the second quarter.
- New York ferry operator widens net loss
Higher financing and operational costs contributed to $3.5m second quarter net loss.
- Co-op Venture claims more lives
Gas leak killed two fuel oil extraction workers onboard the grounded bulker on Monday.
- Mitsui OSK boss accepts new job
Masaharu Ikuta will take over as head of Japanese postal services next year.
- Odfjell vessel spills chemical
Bow Eagle hit unidentified object in Bay of Biscay Monday morning.
- Hyundai Heavy to repay loans
The Korean shipbuilder will issue $184.08m three-year unsecured bonds on Thursday.
- Skuld lines up board and committee chiefs
Norwegian P&I club opts for more international look with latest elections.
- Thumbs up for Stelmar stock
JP Morgan sees the undervalued stock trading at discount to peers.
- EU-Korea shipbuilding talks kick off
Discussions slow going as end September WTO referral threat looms.
- Merger mulled for Croatian yards
Minister Slavko Linic pledges to cut debt for its shipbuilding industry.
- Hanjin capesize aground off Dampier
Generator failures leave Korean owner's bulker stuck on sandbank, possibly until next week.
- India Steamship lines up charters
Calcutta-based company continues to pursue ambitious fleet growth plans for tankers and gas ships.
- Eastbound boxes go from strength to strength
Containers moving from Asia to the US see their fifth consecutive month of growth.
- Hanjin Heavy seeks cash
Korean shipbuilder on the hunt for US dollar loans to cut debt repayments.
- McAlear out at Kvaerner Philadelphia
Kjell Inge Roekke brings in Norwegian shipbuilding veteran in bid to turn things around at US yard.
- NOL chairman says Jacobs is staying
Singapore liner firm issues official statement to quash rumors of CEO's impending departure.
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