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| JANUARY 13, 2003 |
Shipping News
- Modern Terminals may invest 5b yuan in Shanghai
MODERN Terminals Ltd plans to invest as much as 5 billion yuan in Shanghai as one of Hong Kong's biggest port operators expands outside southern China for the first time.
- No extension of deadline for 24-hr cargo manifests
- Oil tanker rates rise as firms replace Venezuelan imports
- S'pore opens maritime fire base at West Coast
- Efforts resume to tow stricken tanker to port
Air and Land Transport
- Airbus beats target with 303 deliveries last year
AIRBUS SAS, the world's second largest maker of commercial aircraft, delivered 303 planes to airlines last year, topping its target and gaining market share on Boeing Co, people familiar with the company said.
- A380 to be key part of MAS fleet
- Hong Kong airport chalks up record year
- Interim pay cuts ordered for United machinists
- Nine foreigners among Turk plane crash dead
- Olympic Air's ticket unit up for tender
- No sign of survivors in Peruvian jungle crash
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| JANUARY 13, 2003 |
- HAFFA calls for more government support
- Descartes to make CSI easier
- Jacobs' payout defined by NOL
- Sinotrans Zhejiang affiliates change names
- First 100 smart containers shipped across pacific
- Upgraded Europe-Middle East service for Safmarine, Maersk JV
- HK's air cargo throughput exceeds pre-9 11 levels
- Lufthansa transports less cargo in 2002
- United drops service to NZ, implements wage reductions
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| JANUARY 10, 2003 |
- Amsterdam Ports record transhipment
In 2002 Amsterdam Ports again achieved record transhipments of an estimated 70 million tons. With their 2.4 per cent growth the four port complex reached fourth position in northwest Europe, a spot previously held by Le Havre.
- Dutch group to take stake in Air Lib
The troubled French regional carrier Air Lib and the Dutch group IMCA have agreed that IMCA would take a 50 per cent stake in the airline.
- US rail freight up
Rail freight traffic on U.S. railroads was up sharply during the week ended January 4 in comparison with the first week of last year, the Association of American Railroads (AAR) reported.
- NOL to pay Jacobs $4.3 million
Neptune Orient Lines (NOL) said today its chief executive Flemming Jacobs would be paid $4.3 million for leaving his job early.
- 2 per cent less freight Lufthansa in 2002
Due to 'the weak economic climate' Lufthansa Cargo was hit hard in the fourth quarter of 2002. Last year Lufthansa Cargo transported 1.9 per cent less freight and mail.
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| JANUARY 10, 2003 |
- Venezuela: US to mediate in strike, tanker loads for export
- America & Caribbean market report from Glander International
- North Sea Brent shipments decrease
- Rotterdam firms following yesterday's crude rebound
- African markets update
- Daily Bunker market report from Praxis Energy Agents (Thursday)
- Oil steadies after war-jitters, 1.5m bbls OPEC increase likely
- Shell Marine Products expands services in the US market
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| JANUARY 10, 2003 |
- Lufthansa Cargo names new sales manager in Switzerland
- Captain of the "Canmar Courage" wins gold-headed cane
- HTFN signs with Cargolux
- Less freight at EuroAirport in 2002
- German forwarding and transport industry plagued by bankruptcies in 2002
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- Tankers banned by EU could head for U.S.
Yesterday a Senate panel was warned that tankers barred from Europe by tough "post-Prestige" measures could well head for U.S. waters.
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| JANUARY 10, 2003 |
- Port of Tacoma set to build giant new terminal for Evergreen
- First week of year brings gains to US railroads
- Memorial fund created for daughter of Port of Portland officer
- TSA boss blocks screeners from collective bargaining option
- Boeing and Triumph Group close sale of Spokane property
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| JANUARY 13, 2003 |
- Ark Royal leaves Portsmouth as war clouds gather
The Royal Naval aircraft carrier HMS Ark Royal, commanded by Captain Alan Massey, sailing out of Portsmouth Harbour on Saturday. The flagship of the UK navy, the aircraft carrier was at the head of the largest UK amphibious task force deployed since the Falklands War in 1982. As the threat of war with Iraq grows stronger, the 16-strong flotilla is officially sailing for long-planned naval exercises in the Far East.
- Moody’s in Carnival spirit with P&O Princess rating
P&O Princess is beginning to see the beneficial influence on its credit rating from the proposed takeover by Carnival, the most highly-rated cruise major.
- Newbuilds put on hold by Royal Caribbean
MACROECONOMIC worries and the threat of war are said to have influenced a decision by Royal Caribbean, the debt-heavy Miami cruise operator, to extend options for two cruiseships - worth $800m at Meyer Werft - by another eight months.
- Meyer Werft remains RCI’s flexible friend
Meyer Werft, the German shipbuilder, is not unduly worried over Royal Caribbean International’s decision to extend the options for a fifth and sixth Radiance class newbuilding from January 10 to September 19.
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| JANUARY 10, 2003 |
- Riovia partners to leave project
- Major marijuana haul in Kingston
- US considers single-hull phase-out
- Cambodia has learned nothing: ITF
- PNSC scandal ships in sales talk
- Taiwan sues over Amorgos damage
- Russians angered by Ventspils move
- GM maize cargo sparks protests
- Japan urges Russia on oil pipeline
- Insurers fear ice impact on hulls
- Australian trade deficits continue
- Maria Carmela insurer blacklisted
- Jacobs to get $2.4M as compensation
- LNG newbuilding fire extinguished
- Three missing after collision
- Shipping bodies blamed for inaction
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| JANUARY 10, 2003 |
- Customs to enforce 24-hour rule Feb. 2
Commissioner Robert C. Bonner warned shippers and carriers will face fines and other penalties for not complying with the Customs Service's advance cargo manifest rule.
- Evergreen will build Tacoma terminal
In a boost for the Pacific Northwest, the 237-acre hub will be the largest proprietary container facility north of Los Angeles.
- Lufthansa cargo edges down in 2002
Europe's biggest air cargo carrier said freight traffic slid nearly 2 per cent as the weakening global economy depressed business in the fourth quarter.
- Report: Former NOL chief said poor results forced exit
- U.S. lawmakers call for single-hull ban
- Truckers call off protest at Port of Miami
- Record box traffic for LeHavre
- Norfolk Southern offers premium paper service
- Philippines wants U.S. open-skies talks
- World Trade Institute offers Calif. classes
- TradePoint offers "24-hour rule" software
- TSA lifts passenger flight mail ban
- Cox to head Homeland Security Committee
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| JANUARY 10, 2003 |
- Royal Caribbean stock holds up
Cruise line weathers stock downgrade to finish slightly up two days running.
- Excel slims down board
Panayotides company changes articles to reflect smaller team of directors.
- OSG warns of influx of old tonnage
Tanker exec testifies US could become a dumping ground for tonnage kicked out of Europe unless laws updated.
- Charter spark for tanker market
Norwegian power company to use tanker to overcome electricity shortage.
- RCCL defers cruiseship options
Decision postponed until September on fifth and sixth Radiance-class ships.
- Aker RGI to get new CEO
Yards boss Leif-Arne Langoy (right) to takeover from Kjell Inge Rokke.
- Volgotanker doubles profits
Russian tanker owner posts stronger figures for first nine months of 2002.
- Drug implicated in freak collision
Operator canal bridge that wrecked bulker had taken narcotic analgesic.
- Frontline picks up Rasmussen pair
Fredriksen's acquisition of outstanding 60% stake in two suezmax tankers is confirmed.
- ITF slams Cambodia over new registry manager
Union appalled by reports naming Cosmo Group as new operator of controversial flag.
- Arctic sea route under discussion
Russian prime minister Mikhail Kasyanov hosts meeting aboard icebreaker Yamal.
- CMA CGM heads to Casablanca
French line launches twice-weekly service with Moroccan, German and Dutch partners.
- Skaugen profits axed
Gas carrier unit struggles while shuttle tanker business grows.
- New Norwegian head office for Eimskip
Icelandic shipowner opens third base in Norway to run combined box and reefer operations.
- Flemming Jacobs gets $2.5m pay off
NOL ends speculation over compensation package as second "foreign talent" is fired.
- BC Ferries' spring sale finally going ahead
Canadian owner’s unsuitable fast ferries to be auctioned three years after original decision to sell.
- VLCC rates edge towards $100,000
Worldscale rates jump another 20 points as Vela fixes another pair of ULCCs to the US Gulf.
- Singapore bunker sales up for second month
A higher number of ships calling at port for refueling and lower prices lift sales to year high.
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