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| APRIL 29, 2002 |
Shipping News
- India box terminals chalk up big rise in volumes
INDIA's top container handling port, Jawaharlal Nehru Port , saw container volumes surge 31 per cent to 1.57 million TEUs for 2001 year-on-year, reflecting generally positive growth at the country's main container terminals.
- A P Moeller to divest two business units
- ABS council backs recent moves to raise bulker safety
- Taiwan carriers, ANL to launch new service
Air and Land Transport
- JAL-JAS merger cleared for takeoff
JAPAN's Fair Trade Commission has approved the merger of Japan Air Lines Co and Japan Air System Co, and said the carriers will have to give up nine daily runway slots at Tokyo's Haneda airport in October.
- This year will be much better, says Lufthansa
- Korean Air to add 12 weekly flights to China
- US airlines cut 79,000 jobs last year
- Cathay places US$1b order for 6 planes
- Cathay has no plans to sell tickets on Priceline's HK site
- Log Book
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| APRIL 29, 2002 |
- ANL Container Line enters Asia/Europe trade
- FEFC to restore rates
- New clearance depot for Ho Chi Minh City
- Oakland rolls out web service
- Kloberg named Kuehne & Nagels' regional manager, Asia
- Cathay Pacific increases HK-US flight schedules
- Dragonair cargo volume surges 66pc in March
- United steps up San Francisco and Tokyo flights
- New man for Danzas
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| APRIL 26, 2002 |
- JAL-JAS merger approved
Japanese regulators approved a controversial merger between Japan Airlines and Japan Air System, the country's largest and third-largest carriers respectively, wich is to create the world's third-largest airline.
- Result mother of Bax and Brink's up
The Pittston Company reported income from continuing operations of $19.1 million ($0.37 per diluted share) for the first quarter ended March 31, 2002.
- Big reshuffle MOL-board
Mitsui O.S.K. Lines' president Kunio Suzuki announced that it has decided on the following changes to its Board of Directors, Corporate Auditors, Executive Officers, and their responsibilities.
- EU: False competition Korean shipping
Two confidential European Commission reports seen Thursday by Dow Jones Newswires conclude that South Korean government subsidies are sinking European shipbuilders.
- FAA proposes fine against Boeing
The FAA has proposed to assess a $764,250 civil penalty against the Boeing Commercial Airplane Group.
- Stevedores fed up with Rotterdam port inspections
The container stevedores in Rotterdam's port are utterly fed up with the number of inspections and checks.
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| APRIL 29, 2002 |
- Top NSCSA dignitary reiterates commitment to Indian trade
- Steamer agents ask MoS for berth on CoPT board
- Sugar exporters seek incentives to buck Brazilian challenge
- India proves to be pet dumping ground for foreign exporters
- Sinha gifts 5-yr tax holiday for SEZs
- Strong agriculture base cushioned India from economic slowdown impact: Survey
- Coir exports post 5 pc rise in 2001-02
- TN plans another horticulture EPZ
- Finance, Commerce Ministries must join hands to stem export sops misuse: PAC
- Exports of leather may touch $ 2 bn
- IT adoption can expedite cargo clearance: Kasture
- Industry facing double burden of reduction in customs duty, rise in excise duty: Ficci
- DCA reviewing company law rules in SEZs
- EU subcontracting market is EEPC’s next objective
- CII chief hails fiscal reliefs
- Finance Minister’s bonanza at a glance
- Natural products expo in Hong Kong from May 15
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| APRIL 26, 2002 |
- Changing patterns for fuel oil imports since 1990
- OPEC's Rodriguez to visit Russian energy minister this weekend
- Greece: Strike confirmed at refinery ahead of Greek Easter holiday
- Saudi official: "Oil is not a weapon"
- Rotterdam market report from Marine Bunkering
- OK avails and competitive prices in Seattle
- Improved avails expected on US West Coast, prices firm
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| APRIL 29, 2002 |
- TPG: no plans for joint venture with Consignia
- Jardine closer to Heathrow Airport
- Hays: payments to Consignia
- Expensive Alpine transit
- European Rail Shuttle can roll on
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| APRIL 26, 2002 |
- Breaux introduces port security legislation
Ongoing port security concerns expressed by experts nationwide are now being addressed in legislation introduced yesterday by Senator John Breaux (D-La.).
- ECO deepwater fleet keeps growing
Edison Chouest Offshore (ECO) is nearing completion of its 60th vessel for deepwater operations.
- FGH completes AmClyde sale
Friede Goldman Halter, Inc. has closed the previously announced sale of its AmClyde Division
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| APRIL 29, 2002 |
- Three die as ships collide off Sweden
THREE seafarers lost their lives in a head-on collision of two small general cargo ships off the Swedish island of Gotland on Saturday.
- Antitrust immunity under threat from EC
OCEAN carriers could lose their antitrust immunity if a review of liner shipping regulation unveiled by the European Commission on Friday, concludes that joint pricing is of no benefit to shippers.
- Cruise majors accused of breaking ballast law
A GROUP of US environmental campaigners has filed a lawsuit against four major cruise ship companies, claiming that they have violated Californian ballast water management law, writes Carly Fields.
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| APRIL 26, 2002 |
- Festival builds on Cuban demand
- US proposal for global seafarer I-D
- Rotterdam seeks competitive status
- Finnlines buys Nordo-Link
- Steelmaker buys into Vladivostok
- Tanjung Pelepas to go public
- Steel tariffs could last for years
- India proposes total SCI sell-off
- Firmer premiums will hit bad ships
- VL spot rates to peak in 2004
- Calais passenger numbers surge
- CPC resumes oil search
- Sunken ship leaking oil
- New president for Pan Ocean
- Court rules on CSL Yarra
- Owners should review portfolios
- Barber adds 26 ships
- Hellenic take-over cleared
- HHI net profit down 18 per cent
- Teekay shares rule firm in NY
- Brazil fails to break monopoly
- Bergesen charts LNG course
- Owners to be consulted on toll hike
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| APRIL 26, 2002 |
- FedEx, UPS facing China imbroglio
Time is running out for U.S. companies to avoid a looming trade clash with China.
- CP Rail revenues fall but profits rise
First-quarter freight revenues fell but profits rose 10% largely due to cost-cutting and lower fuel prices.
- ILA, NYSA want to add workers
Labor and management want to add more than 750 jobs to the New York/New Jersey waterfront.
- New twist for Charleston box site
- Hapag-Lloyd parent profit up
- No answers in BNSF wreck probe
- Sumitomo readies China distribution venture
- Arzoon adds Customs brokerage
- NYK, Cosco form logistics alliance
- Swift revenues slide
- CF names Kromhout VP-marketing
- Nilac signs paint products importer
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| APRIL 27, 2002 |
- TRW multiplie prudemment les nouvelles initiatives
Alors que, selon les chiffres de l’UIC, le secteur du transport ferroviaire de marchandises a enregistré l’an dernier une perte de l’ordre de 3%, la société belge TRW est parvenue à “limiter la casse” à -1% (malgré la grève de quatre semaines début 2001 à la SNCF). Pour cette année 2002, elle compte sur une progression de l’ordre de 7%, le premier trimestre ayant même commencé en fanfare avec un gain de 13%. Les problèmes aux tunnels routiers transalpins et - surtout - les nouvelles législations en matière de temps de conduite, etc. ont en effet provoqué un “modal shift” vers le combiné rail/route. Les résultats financiers sont eux tout à fait positifs, puisque l’exercice 2001 s’est terminé sur un résultat d’exploitation de 418.000 EUR
et un résultat net de 841.000 EUR. TRW est vraiment bien sorti de l’ornière dans laquelle la société se trouvait encore en 1998. Cette progression viendra de nouvelles initiatives prises à Liège-Bierset, Bettembourg, Lyon et Piacenza. Commande sera passée d’ici peu de 75 wagons, dont la livraison commencera au début de l’an prochain.
- World Wide Shipping a-t-il des visées sur Bergesen?
Le groupe World Wide Shipping de Hong-Kong, que dirige adroitement Helmut Sohmen depuis de nombreuses années, vient de créer la surprise dans le monde des transports de vracs en prenant une participation de 10% dans le groupe norvégien Bergesen, ce qui représenterait un investissement de quelque 120 millions d’USD. Le groupe WWS aurait-il entamé là une manœuvre qui, à terme, pourrait lui assurer le contrôle de cet opérateur norvégien? Pour l’instant, il est trop tôt pour confirmer une telle théorie. WWS s’est contenté à dire à la presse britannique que d’autres étapes éventuelles dépendraient des conditions du marché.
- Devenant partenaire et actionnaire de la nouvelle alliance Geodis et DFDS Transport entrent dans l’alliance elix
Les groupes français Geodis et danois DSV Transport ont annoncé leur entrée dans le capital du réseau paneuropéen de messagerie et de groupage routier elix European Logistik GmbH. Leurs filiales respectives, Geodis Calberson et DFDS Transport sont devenues les franchisés du réseau pour la France d’une part et pour la Scandinavie, la Grande-Bretagne et l’Irlande de l’autre. Le réseau elix, qui a été créé il y a toute juste deux ans par quinze sociétés du réseau allemand de messagerie rapide et de distribution IDS, devient ainsi la plus grande alliance pan-européenne du secteur. Il y a peu, des sociétés autrichiennes, suisse et espagnole étaient devenues franchisées. Pour l’instant, cette alliance
ne concerne que les transports bilatéraux entre ces partenaires et le réseau allemand. Mais force est de constater dans le programme des services que plusieurs partenaires offrent des services multilatéraux. On peut dès lors s’attendre à ce que cette double adhésion provoquera un nouveau bouleversement des alliances en Europe.
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| APRIL 26, 2002 |
- Stowaway found dead on Pan Ocean bulker
Two other severely dehydrated stowaways were rescued by INS officers in Portland.
- Cruise firms facing Californian lawsuit
Two out of three voyages into Californian ports violate state ballast water law.
- Knutsen orders bi-fuel LNG tanker
The $11m vessel will transport LNG along Western coast of Norway.
- Analyst remains bearish on Teekay
Teekay stock is holding ground despite sell rating and lower price target.
- Earnings chopped at Finnlines
Lower export levels still hitting profits at Finland's biggest shipping company.
- B&N to restructure bulk business
Swedish owner plans to sell older vessels to boost profitability.
- Lasco tops first quarter budget
Latvian Shipping Co says its new aframax tankers are helping the company outstrip its targets.
- German yard inks pact with Iranians
Thyssen Nordseewerke to cooperate with Iran's Sahel Shipbuilding on design and technology.
- Pan Ocean get new chief
Korean owner appoints new president as company restructures after emerging from debt time-warp.
- Equity losses put brake on Hyundai profits
Korean shipbuilder hit by asset disposals following split from parent group.
- Boom time at Tidewater
US offshore owner saw profits surge in year to end-March, but fourth quarter earnings dipped.
- NYK back in the money
Cost cutting helps top shipowner sail out of the red to higher than expected profit.
- Daewoo profit sinks
Bulkers and boxships net lower returns for ambitious Korean yard.
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