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| APRIL 2, 2003 |
Shipping News
- PSA's regional heads to be made more accountable
THE newly overhauled PSA Corporation is set to go global in a big way and with the new four regional groups structure, allow for more accountability from the respective management teams.
- Gang of pirates attacks 5 vessels in Indon waters
A 'brutal' gang of pirates has attacked five vessels in Indonesia's Gaspar Straits in the past week, prompting a heightened alert from the International Maritime Bureau .
- EU imposes ban on older, single hull tankers
ALL single-hull oil tankers more than 23 years old have been immediately banned from European Union waters as the European transport ministers approved an accelerated phasing out of older tankers last week.
- Wan Hai confident of double digit growth in sales
TAIWAN's Wan Hai Lines, Asia's biggest shipping line in the intra-Asia trade, is confident its 2003 sales would grow by 'double digits' as booming trade boosted cargo demand.
Air and Land Transport
- AMR averts bankruptcy for now with union deals
AMERICAN Airlines on Monday averted for now an imminent bankruptcy filing, reaching concession deals with leadership at its mechanics' and pilots' unions and nearing one with flight attendants.
- Air Canada reaches deal to lay off 1,060 workers
- DHL brand unites merger of DHL, Danzas, Deutsche Post
- European airlines appeal for govt aid
- PAL unlikely to meet profit target
- China Southern suspends Gulf flights
Strait Talk
- Hot Intertanko debate likely on EC proposals
TOWARDS the end of this week tanker operators will start making their way to Intertanko's Washington Tanker Event 2003.
Port shots
- Port Shots
TWO foreign oil tankers collided off China's southern coast, causing fires that killed a Philippine crew member and injured at least three others, a government spokeswoman said.
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| APRIL 2, 2003 |
- Evergreen, Lloyd Triestino and Zim to launch N Europe-Med service
- SCT handles record 20 millionth container, XICT hits 1m mark
- NYK Logistics aquires TTG-Edam
- Twenty-four years later Phoenix purchases English forwarder
- NCB reports profit before tax up 39pc in 2002
- Exel to manage Coke's Mexican supply chain
- Maersk Logistics best in Asia
- Atlas puts freeze on leased aircraft payments
- KLM Cargo to deploy new freighter on Far East routes
- China Eastern selects Sabre AOC system to help reduce costs
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| APRIL 1, 2003 |
- Panama: Good demand despite falling prices
- MPA introduces bunkering "Certificate of Quality" requirement
- Singapore: MPA offers electronic application for bunker licence
- Peaceful Fujairah softens on the back of cargo
- Great Belt: Nervous buyers hold back as prices drop
- Oil prices ease briefly as Nigerian strike is averted
- Hong Kong IFO product dries up in product-thirsty region
- St Petersburg quiet despite softer prices
- Daily Bunker market report from Praxis Energy Agents (Monday)
- Chemoil Corp announces "Panama Great Giveaway"
- IFOs little changed, distillates down in Rotterdam
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| APRIL 1, 2003 |
- Lynx to invest GBP 6.5 million this year
- Danzas increases earnings by 40.9% in 2002
- Martinair implements surcharge on Middle East and Asia Pacific flights
- Jeddah Service Group Lines increases war risk surcharge
- Port of New York and New Jersey reported 13% growth in 2002
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| APRIL 1, 2003 |
- Settlement for Fosen
- Broström and Vroon buys out Iver Ship’s management
- More Baltic oil export
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| APRIL 2, 2003 |
- Suspected deadly virus case on boxship threatens mass quarantine off East Asia
THE spectre of large numbers of merchant ships flying yellow flags and anchored indefinitely off East Asian ports has risen with what could be the first case of the deadly severe acute respiratory syndrome (Sars) onboard a ship.
- Brussels pledges global approach to liner law
LEGAL complications faced by container lines operating under numerous jurisdictions will be considered by Brussels in the forthcoming review of the industry’s antitrust immunity.
- Low-level risk blocks merchant ships from entering port of Umm Qasr
IRAQ’S only deepwater port is still not fully open to merchant shipping, some four days after occupying British forces had hoped to start a regular series of aid shipments.
- Iraq war swells traffic through Suez canal
WAR in the Gulf appears to have generated an important boost in traffic through the Suez Canal, one of the backbones of the Egyptian economy, writes David Osler.
- Frontline chief shrugs off anti-war protest
FRONTLINE senior executive Ola Lorentzon yesterday said it was business as usual at the world’s largest tanker operator after he was personally targeted by anti-war protesters in Norway, writes Jerry Frank.
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| APRIL 1, 2003 |
- MISC rating outlook negative
- Northport to expand
- Box shortage hits Thailand
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| APRIL 1, 2003 |
- Customs probes '24-hour' evasion
Bonner: U.S. Customs is investigating allegations that at least one steamship line is rerouting cargo to Canadian ports.
- Hollings asks for $1B for port security
Proposal comes as part of Bush's supplemental budget to fight the war in Iraq.
- Bulk, container charter rates rally
- American Airlines labor deals will benefit cargo
- Labor deals stave off American Airlines bankruptcy
- Trailer Bridge loss narrows
- EGL acquires Miami International Forwarders
- KLM to cut as many as 3,000 jobs
- No major changes for US Airways cargo
- UPS touts new Asia strategy
- DHL offers faster clearance for Sri Lankan importers
- Cargo 2000 elects Fountain
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| APRIL 1, 2003 |
- A vote for OSG
Analyst Jefferies initiates coverage with "buy" recommendation.
- Tidewater seals the deal
US offshore giant has taken in 27 ENSCO vessels for $79m.
- OSG tanker caught in UK net
Two-year-old aframax found to have fracture in deck plating.
- UK Club fires up campaign
Top P&I mutual moves to cut $20m a year cost of ship blazes.
- Results trail optimism
Puerto Rico carrier Trailer Bridge remains in red for 2002
- Angelopoulos returns with Transmed resale
Greek owner rumoured to have sold only firm capesize newbuilding.
- Helge Midttun back in the swim
Controversial former DNV chief is to be a big fish in a new pond.
- Australia eyes port options for Iraq-bound grain
Two wheat shipments may be discharged elsewhere if Umm Qasr remains offlimits.
- Actinor faces Easter deadline
Creditors set to foreclose as loss of debt crippled shipowner tops $100m.
- NYK bulker at anchor with cracked propeller shaft
Tugs race to help Taharoa Express, which had to shut down engines off New Zealand.
- Tordenskjold eyes "big" fleet expansion
Chairman Tor Johan Stuve rejigs loans to give Norwegian cement carrier owner an acquisition war chest.
- Awilco hits panamax jackpot
Norwegian owner makes 20% return on rapid resale of bulk carrier.
- CMA CGM’s airline plan grounded for now
Lack of slots prompts French containership owner to withdraw offer for failed operator Air Lib.
- German owner rapped over Trent collision
Poor communication at fault for cargoship hitting bridge on its way out to sea, UK accident probe finds.
- Extent of scrap market doldrums revealed
First quarter demolition tonnage volumes down around 60% on last year's totals.
- DnB set for Shanghai office launch
Norwegian bank joins rush to China's bright lights.
- Iver Ships managers sell out
Brostrom and Vroon take ownership of Norwegian tanker operator to 100% by buying executives’ 20% holding.
- Nenaco wants five more ships
Philippine ferry owner plans to raise PHP 1bn for fleet expansion.
- MOL confirms Tokyo Gas LNG carrier talks
Japanese owner says basic agreement reached on newbuilding charter deal.
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| APRIL 1, 2003 |
- T. Parker Host of Maryland announces senior promotions
- NYK, TSK begin direct service from Japan via Guangzhou
- FMC outlines plans for 2004
- DOT inspector general: Marad’s Title XI needs improved management
- Trailer Bridge reports 4Q and annual losses
- Cargo 2000 elects Exel’s Fountain as vice chairman
- Homeland security secretary forms advisory council
- Geologistics names Tafuro CEO for Italian unit
- GAO outlines U.S. monitoring of China’s WTO compliance
- EGL acquires Miami International Forwarders
- USCO goodwill charges sap Kuehne & Nagel's profits
- Correction: Eddie Teh temporarily in charge of PSA in Europe
- GAO: Corps’ management of Hopper Dredge fleet needs updating
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
