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| MARCH 4, 2003 |
Shipping News
- Cosco in talks over S'pore terminal stake
THE China Ocean Shipping Company Ltd has signalled its continued interest in taking a stake in one of PSA's Singapore terminals, saying it has been in ongoing talks with PSA on the issue.
- Arabian Gulf safe: yards assure ships
MIDDLE East shiprepair yards are promising owners safe havens and insurance cover in the event of war being declared against Iraq.
Air and Land Transport
- New US low-cost carriers face tough time taking off
AIRLINE passengers are on the prowl for good deals, but with a handful of US carriers seeking to enter the discount market, even the cheap seats may prove tough to fill.
- MAS to hire Chinese air stewardesses
- Swiss airline keen to join OneWorld alliance
- Boeing mulls over building bigger 717
- SAS targets minimum cost cuts of 18%
- Log Book
Features
- US screening travellers for radioactive materials
AALL travellers arriving in the United States will be screened by federal border inspectors for radiological materials, according to senior Bush administration officials.
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- Hong Kong trade in January sees improvement
- SPCT officially opens
- US Customs allows Phoenix software for AMS scheme
- RCL bucks trend and turns ink black from last year's red
- CSX, Carlyle Group complete sale of CSX Lines
- Lykes improves US Gulf/ Mexico and Mediterranean service
- MAS records third quarter profit before tax of US$87.8m
- BA unhappy about proposed Heathrow landing charges
- Arrow Air Holdings to buy AGI
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| MARCH 3, 2003 |
- PSA angry in Antwerp
PSA's Belgium subsidiary Hesse Noord Natie (HNN) has slammed as 'deceptive' Antwerp Port Authority's (APA) talk of transferring a 'reserved' terminal concession to rival P&O Ports.
- New joint venture between Lloyd Triestino and Zim
Lloyd Triestino and Zim Israel Navigation will commence a new joint weekly service, upgrading their services between the Far East, the Caribbean, and the South Atlantic US East Coast.
- Lufthansa accepts arbitration proposal
Agreement has been reached at arbitration at pay talks for 55,000 ground staff and cabin crew at Lufthansa.
- Kuehne & Nagel buys Seabrook & Smith in UK
Kuehne & Nagel UK is increasing its presence in the wines and spirits industry through the acquisition of Seabrook & Smith. The deal includes the name, book of business and certain assets.
- Hutchison sets up Shanghai port joint venture
Hutchison Whampoa Ltd formed port venture. Hutchison owns 30 per cent of the company, called Shanghai Pudong International Terminals (SPCT), the government has 40 per cent, Cosco 20 per cent stake and Shanghai Industrial Holdings 10 per cent.
- CP Ships denies Kien Hung acquisition
'Growth through selective acquisition is a well-known element of CP Ships' overall business strategy.
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- Govt invites EoIs for sale of CIWTC
- Tonnage tax eludes Indian shipping industry again
- GE Shipping orders Suezmax crude carrier
- Namibia ready to offer tax holidays to Indian companies
- Edible oil tariff upsets importers
- Exports maintain rising tempo, log 17.38 pc growth in April-Jan 2002-03
- Indo-Lanka FTA to include trade in services
- New Mangalore Port gets additional facilities
- CoPT union in favour of Vallarpadam Container Terminal project
- Bid to shift people living on MbPT land to salt pan area
- Kolkata Port takes over comprehensive stevedoring services w.e.f. March 1
- Nepal Freight Forwarders’ Association elects 10-man Executive Committee at 4th AGM
- Concor handles 1st export container rake through Kandla Port
- Forex kitty crossed the $ 75-billion mark
- Fieo sees welcome features in Budget proposals
- Coffee industry gets tax sop under Sec. 33 AB
- Exim trade elated with Jaswant’s goodies
- Service tax increased to 8 pc for all port services
- Geeta Jaising appointed marketing officer of STB, S. Asia
- IMC announces new timings, venue for today’s seminar
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| MARCH 3, 2003 |
- Crude falls as war seems delayed by Turkish and Iraqi action
- Japanese enquires rise, but avails not there to meet demand
- Tramp oil & Marine - New office in Shanghai
- Bominflot staff announcement
- VAT regulations tighten in Norway
- Rotterdam softens with crude
- Australia: New contact details for IBS Pty Ltd
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| MARCH 3, 2003 |
- Louis Gallois remains president of SNCF
- Jürgen Rieck retires
- Port of Oakland satisfied with 2002 results
- Alitalia loses money
- FIATA offering registration for the U.S. Federal Marine Commission
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- Odfjell compensates bereaved
- Royal inauguration of maritime academy
- Good results from Kvaerner Masa-Yards’ improvement programme
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| MARCH 3, 2003 |
- Sunrise Shipping Services closes doors as of February 28
- Change in security level ends vehicle searches at PDX
- Portland Shipping Club schedules 24th Annual Pizza Party
- CSX moving headquarters fom Richmond to Jacksonville
- International Trade Commission wants public input on agreements
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| MARCH 4, 2003 |
- CMB spins off Exmar to cash in on LNG rewards
BELGIUM shipping group CMB is set to demerge its Exmar gas carrier and offshore division in order to attract finance to expand its fleet.
- O’Neil to press de Palacio for IMO to take lead in post-Prestige regulatory changes
POST- Prestige issues will take centre stage today in a meeting in Brussels between IMO secretary-general William O’Neil and the vice-president of the European Commission, Loyola de Palacio.
- Bulker blast casts doubt over grain fumigation using phosphine gas
A MYSTERY blast on a dry bulk carrier has set alarm bells ringing over a grain fumigation process that has been used for years.
- Transpetrol confirms STX double tanker order
BERMUDA-domiciled tanker operator Transpetrol yesterday confirmed that it has ordered two panamax tankers from South Korea’s STX Shipbuilding, but denied the shipyard’s claim that the total number of vessels on order was five.
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- CSX Lines sale to Carlyle completed
- Stolt Nielsen tumbles to $100M loss
- Prestige on agenda at top table
- US Customs checks for radiation
- Agents taking risks with cargo
- Security training by September
- Suitors line up for struggling HDW
- Japan proposes spill fine hike
- Antwerp revises dock concessions
- Collision officer hears verdict
- Jordan's PM warns of war disruption
- Mitsui takes over Niigata builder
- Australia suffers third grounding
- American Eagle contract boosts NOL
- Gulf threat believed to be limited
- Terror threat set to push up WRP
- Worried Kuwait agents seek advice
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| MARCH 3, 2003 |
- Grand Alliance trio establish intra-Asia service
Three Grand Alliance partners, OOCL, Hapag-Lloyd and P&O Nedlloyd (PONL), are to introduce a new intra-Asia route from mid-March.
- CP Ships denies Kien Hung link
- MSC reworks Indian Ocean, SE Asia services
- Zim joins LT in Asia, US, Caribbean service
- CSCL deploys newbuilds on AEX and joins TSA
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| MARCH 3, 2003 |
- CMB plans Exmar spin-off
Belgian brothers Marc (left) and Nicolas Saverys to go their separate ways.
- FMC fines NVOCC for cheating carriers
Hyundai and DSR/Senator out of pocket after Taiwan company illegally uses service contracts.
- Nomadic fixes Actinor ships
Double pay-off follows deal to transfer commercial management.
- CP Ships drops Kien Hung buy
Tenth largest box carrier says will not acquire Taiwan line after hot speculation.
- IMO asserts role in Prestige response
William O'Neil (left) to meet Loyola de Palacio Tuesday.
- Corroded bulkers pulled in by UK inspectors
Port state control inspections lead to 13 detentions during January.
- Satisfactory year for Mersey Docks
UK shipping and ports group posts lower profits, but businesses stable in tough economic conditions.
- Greeks flock to Euronav VLCC
Korean owner Seyang lashes back at comments on failed sales deal.
- Anders Wilhelmsen wins Awilco
Extra 4.5% persuades Odin to drop opposition to bid to take offshoot private.
- KTF feels the chill
Lithuanian reefer owner posts losses for 2002 as government tries to finalise its privatisation.
- Star finishes year with a whimper
Poor fourth quarter and technical problems on some ships dent profits at Norwegian reefer owner.
- Smit and Semco tackle Singapore casualties
Salvage firms try to separate LPG carrier and cargoship involved in collision.
- Anek Lines shifts into the black
Go-it-alone Greek ferry owner turns around last year's losses.
- Aker Kvaerner hits five-year high
Shipbuilding has weaker year in 2002, but Norwegian group’s profit recovers after disastrous 2001.
- Golar upbeat on demand for LNG ships
Fire-damaged newbuilding delayed by around five months.
- AET inks Hyundai VLCCs
NOL tanker arm confirms it's ordering up to three ships on the back of orimulsion transport deal.
- Minoan Line losses widen
Greek passengership operator manages to boost returns despite red ink.
- Algoma plots steady course
Excluding tax charges, Canadian tanker and bulker owner edges up net profit in 2002.
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- Meba initiates "grass roots" campaign to support U.S. merchant marine
- IMO’s O’Neil to discuss pollution prevention with EU VP
- USDA proposes ocean freight claims administrative appeal process
- Wallenius Wilhelmsen enhances U.S. East Coast/Australasia service
- World Shipping Council asks that U.S. security rules prevail
- Zim and Lloyd Triestino confirm new Asia/U.S. East Coast link
- NOL's shares rise after securing oil contract
- Financial items bring Eimskip back in profit in 2002
- Old Dominion Freight pulls dedicated service for deferred air freight
- DOT extends deadline for air-freight rate comments
- TMM suffers 4q, annual losses
- Airway Express merges with Geologistics in Korea
- Aphis proposes rules for imported Japanese unshu oranges
- ADM abandons Baltimore grain export operations
- Container volume, earnings rise at port of Charleston
- Hutchison, COSCO venture takes over Shanghai terminal
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