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| FEBRUARY 10, 2003 |
Shipping News
- P&O Princess chalks up losses in 4th quarter
P&O Princess Cruises, which is being bought by No 1 cruise operator Carnival Corp, posted a fourth-quarter loss compared with a year-earlier profit on costs relating to takeover battles.
- Prestige tanker captain out on bail
THE Greek captain of the oil tanker Prestige that sank off the coast of Spain causing its worst ever environmental disaster was released from prison on Friday after the ship's insurer paid 3 million euro bail.
- US tanker runs aground in Danish waters; no oil spilled
AN oil tanker belonging to the US group Chevron and loaded with 35,000 tonnes of light fuel ran aground in Danish waters, but no oil spill has been reported, Danish navy officials said.
- Chemical tanker, trawler collide in Channel
A Panamanian chemical tanker and a British trawler collided in the Channel on Saturday but no one was hurt in the incident and no leaks were reported, British coastguards said.
Air and Land Transport
- Swiss Air mulls cutting fleet as European demand slows
SWISS International Air Lines Ltd, Switzerland's national carrier, is looking at reducing its regional fleet to try to break even this year after losing passengers as unemployment rises in Europe.
- Airbus expects growth in production by 2005
- Air Canada to sell parts of its operations
- Dragonair passenger traffic increased 26% in December
- UPS may ask 100 pilots to go on voluntary leave
- Log Book
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| FEBRUARY 10, 2003 |
- US Government official unveils port security initiative
- MOL promotes Diana Jackson to AVP, equipment in North America
- CIS to provide customs brokerage service for APL Logistics
- ETS Express approved by US Customs for AMS filing
- Long Beach board approves assignments between Metro, Trona
- Dragonair extends UK handling agreement with Menzies
- Airborne flies into black with earnings of US$14.8m in 2002
- Northwest unveils new Minneapolis/St Paul - Portland service
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| FEBRUARY 7, 2003 |
- Eurotunnel won case over railways
Decision of the Arbitration Tribunal: the Railways claim, seeking to obtain a reduction of their contribution to Eurotunnel's operating costs for 1997 and 1998, has been rejected.
- Air Canada: loss and sale
Air Canada put its Jazz regional airline and other assets on the block and warned it is to slash labour costs by about 20 per cent.
- US carriers have lost over $7 billion
Collectively in 2002, the United States's 30-plus airlines lost more than $7 billion despite a $15 billion bailout from Congress after the terrorist attacks.
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| FEBRUARY 10, 2003 |
- Bharati delivers ‘Halul 30’ to Halul Offshore Services, Doha
- Legislative framework to promote shipping sector vital: NSB chief
- COSCO now to accept LCL cargo ex-NSICT to worldwide destinations
- French PM calls for better trade ties with India
- Indonesia buys 50,000 t. sugar from India
- India, US sign high-tech trade pact
- Czech Minister meets Commerce Secretary - Over 32 pc increase in exports to Czech Republic
- Jaitley raises market access issues with french Ministers - Conveys concern over bedlinen issue
- Cashew kernel exports resume upward march
- Poultry industry seeks duty waiver on import of maize
- Kandla Port handles record 33.39 m. tonnes throughput during April-Jan. 2003 - Exceeds Shipping Ministry’s target by 1.62 m. tonnes
- NSICT adjudged the ‘Best Infrastructure Project’ by CII - Capt Jimmy Sarbh receives award from Yashwant Sinha
- Khanduri for addl. cess on petrol, diesel to part-finance corridor projects
- ...calls for enhanced pvt. sector role in infrastructure projects
- Working hours at air cargo complexes extended - Facilitation initiatives also for ICDs/CFSs
- Auto industry fears VAT may deprive them of state sops
- Rail Budget on Feb 24
- Govt to overhaul project approval set-up
- TN, Apeda sign MoU for setting up flower, mango AEZs
- WTC, AIAI open house meet with foreign trade facilitators
- Hooghly Docks in sell-off list mooted
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| FEBRUARY 7, 2003 |
- A mixed day in the ARA region
- Daily bunker market report from Praxis Energy Agents
- IEA reserves at the ready
- Tanker runs aground in Denmark, no spill reported
- The Tricolor-oil removal operation continues
- Lukoil/Latsis still expressing interest in Hellenic Oil ?
- Singapore numbers finish the week much firmer
- Rix launch £1 million barge
- Prices firm across Brazilian ports
- Venezuelan crude export
- Rotterdam opens firm this morning
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| FEBRUARY 7, 2003 |
- Tribunal to confirm bankruptcy of Air Liberté?
- Insurance companies recommend Black Box
- Pacer International 4th quarter 2002 earnings nearly double
- Frankfurt Airport has revamped its cargo website
- Barthco adopts Management Dynamics' "Rate Explorer" system
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| FEBRUARY 7, 2003 |
- "Prestige" master bailed out by P&I Club
- Denmark in single-hull ban
- Norwegian operated tanker with cracks
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| FEBRUARY 7, 2003 |
- P&I Club puts up bail for Prestige master
Club committee "shocked" by master's treatment
- Shake-up on key House Committee
Appropriations panels change to cover Homeland Security
- Thyssen-Krupp to buy HDW?
Leading German yard may not be American-owned much longer
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| FEBRUARY 7, 2003 |
- Port of Seattle posts gains in container traffic during 2002
- Rail intermodal count makes charge, while carload figures lag behind
- Portland Airport noise team invites public to participate
- Washington Ecology Department settles with shipper over oil spill
- Jerry Salazar takes position as Panama Canal affairs minister
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| FEBRUARY 10, 2003 |
- Mangouras out of jail as Irish show how it’s done
APOSTOLOS Mangouras, the master of the Prestige, was released on Friday from the high security Spanish jail where he had been detained for 85 days.
- Festival bids to scupper Carnival’s mega-merger
A LAST-ditch bid to scupper Carnival’s planned takeover of P&O Princess has been launched by European-based Festival Cruises in complaints to the European Commission.
- Rules set for Happy Ranger case
THREE law lords have called legal "time" in an on-going battle over the rules to be applied in respect of a claim for a reactor damaged while being loaded on to a vessel, writes Roger Pearson.
- Cenargo opts for administration
Michael Hendry’s Cenargo International is believed to have applied for voluntary administration in the UK High Court, a move that could result in the Irish Sea ferry group being broken up, writes Tony Gray.
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| FEBRUARY 7, 2003 |
- Cruise lines target Indian staff
- Peru legislation 'half-hearted'
- Intercargo backs Green Award
- Bush may not have Alaska votes
- Cold comfort for Classic creditors
- P&O Princess yields under pressure
- Arendal repair under negotiation
- China issues new maritime rules
- Basque tonnage tax wins approval
- Tanker giant Kertsikoff dies
- Hull underwriters under fire
- Iranians unveil offshore expansion
- Capt Mangouras released from jail
- Crane lessor caught in crossfire
- Poulides raises Carnival concerns
- New striker for Greek shippers
- Wallenius takes back 'hostel' ships
- Laden tanker aground off Denmark
- Mangouras release imminent
- Methanol boost for Dampier
- EU steps into icy waters
- Sovcomflot reports profit drop
- Islamabad moves on dangerous boxes
- P&O Nedlloyd shelves Busan plans
- Box used to smuggle pepper
- Philippines plans grain terminals
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| FEBRUARY 7, 2003 |
- Cargo classification at root of low box detention under 24-hour rule
US Customs has admitted that the relatively few boxes so far detained under the 24-hour rule stems from problems classifying cargo and the agency’s reluctance to impose penalties.
- New regulations for foreign carriers to China
- Port of New York & New Jersey reports only one ‘no load’ order
- Charleston to open way for Atlantic post-panamaxes
- Skanska begins construction at Mundra terminal
- Indian ports link to EDI
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| FEBRUARY 7, 2003 |
- Brits and Yanks join forces
Dry-cargo brokers Bingham & Bigotte and Lawrence Chartering clinch transatlantic venture.
- Piling into Venezuela
Heavy lift operator reinstates services to strike-hit country, as ports appear safe again.
- Festival in bid to block takeover
Greek cruise operator moves to throw Carnival - P&O Princess deal off course.
- Salazar takes reins at canal
Former IMO representative for Panama put in charge of country's waterway.
- Arendal cleared to leave for repair yard
Polys Haji-Ioannou’s single-hull tanker due to sail from Sullom Voe to have cracked deck fixed.
- Salvors restart oil removal from Tricolor
Work starts again on sunken car carrier, but moving the vessel may take months.
- Apostolos Mangouras freed
But Prestige master not at liberty to leave Spain.
- Erric Kertsikoff dead at 74
Eletson founder and Intertanko stalwart dies suddenly.
- Laden tanker aground off Denmark
Single hull ship carrying fuel oil stranded in sensitive marine area.
- New bunker player in Iceland
Owners of shipping company Atlantsskip plan to start selling fuel in March.
- Efthimiou takes the helm
Liberty Maritime principal takes over as chairman of Union of Greek Shipowners.
- Sherwood baffled over share price slump
Outgoing Sea Containers chief James Sherwood promises higher profits for 2002.
- Two crew missing off Turkey
Men fell overboard after grounding of Cambodian-flagged ship near Istanbul.
- Tokyo Marine companies fined by US
Fines tot up to nearly $800,000 for deliberate dumping of oily waste.
- Korean ship exports hit $10.5bn in 2002
World's largest shipbuilding nation sees value of exports reach new historically high level.
- Lawrence eyes $15m from Kirby shares
C Berdon Lawrence to offload some of his holding, but vows to stay on as chairman of US barge giant.
- Yenisei goes to court
Russian shipowner files for recovery of unpaid charter fees.
- Engine problems halt Regal sailing
Contaminated bunkers suspected cause of Regal Empress' power problems.
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| FEBRUARY 7, 2003 |
- Correction: safe and secure trade lanes text in Seattle
- EPA sets emission standards for marine diesel engines
- TACA to raise bunker surcharge in March
- P&O Nedlloyd, MOL add ship to Asia/Africa/South America loop
- Revenues rose 23% in 2002 at evergreen's listed arm
- Report: intra-Asia box trades totals 18 million TEUs
- MOL (America) promotes Jackson
- Airline capital associates names Larsen as cargo director
- Shipping line, motor carrier add reefer monitoring capability
- Unionized freight carriers reach labor agreement
- Canadian forwarders urge U.S. Customs to allow confidentiality for non-U.S. shipments
- Robot straddle carriers in Australia top 30 picks per hour
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