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| MAY 20, 2003 |
Shipping News
- Nations urged to prevent spread of Sars via sea trade
THE International Maritime Organisation has warned of the 'potential danger' of the spread of Sars through the global maritime network and the need for appropriate action in a circular to its 162 member states.
- RCL promotes 5 executives
THAI-listed intra-Asia operator Regional Container Lines has promoted five executives in a series of management changes.
- NYK's profit drops 19%
NIPPON Yusen KK, Japan's largest shipping line, said full-year profit fell 19 per cent as lower freight rates and higher fuel costs eroded earnings.
- K Line's full-year profit doubles
KAWASAKI Kisen Kaisha Ltd , Japan's third-largest shipping line, said full-year profit more than doubled because of increased demand for container shipments on North American and European routes.
- Set to recreate history
IN the industrial outskirts of Sweden's southern seaport of Gothenburg craftsmen on scaffolding, sprinkled with sawdust, work against time to finish a US$30 million ship set to sail into history.
Air and Land Transport
- BA back in the black with pre-tax profit of 135m
SLASHING costs helped British Airways plc top market forecasts for annual profit yesterday but Europe's biggest airline warned that first-quarter revenues would be weaker than a year ago in a tough aviation market.
- India's Jet Airways aims to fly int'l routes
- United and Delta to restore flights in June
- Dragonair sees bright spot in cargo
- Vietnam Air, US Ex-Im Bank in plane financing deal
- China Eastern's traffic down 30%
Features
- Cheap cruises on the cards
FAR from being a once-in-a-lifetime luxury, taking a cruise on the high seas might soon become little more expensive than staying at home if easyJet founder and self-professed 'serial entrepreneur' Stelios Haji-Ioannou has his way.
Bulletin Board
- Bulletin Board
EMIRATES SkyCargo, the freight operation of the Dubai-based international airline, walked away with the highest number of awards at the recent Cargo Airline of the Year ceremony, held annually by Air Cargo News for the air cargo industry.
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| MAY 20, 2003 |
- MOL net income grows despite difficult liner environment in 2002
- Magistral to start service between Shanghai, Vostochny
- OOCL vessel stops in Hong Kong on maiden voyage
- Saecs to upgrade Europe to South Africa Service
- Cronos Group net income rises in first quarter of 2003
- Menlo named top service provider by Trench
- Thai Airways net profit gains altitude in second quarter
- Hawaiian reaches new plane lease deal with Ansett
- Praetorian Aviation chosen as Martinair GSA in Pakistan
- FAA names air traffic directors
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| MAY 20, 2003 |
- CIWTC looks for shipbuilding orders
- CIWTC plea to post-date revival package to April 2002
- High freight rates affecting ex-im trade: TERI study
- Ficci signs memorandum of understanding with Kuwaiti trade body with eye on Iraq
- Electronics exports register 28 pc growth in 2002-03
- Indian firms investing in UK total 441: Study
- Jewellery exports may cross $ 11 bn in 2005-06
- China begins probe into ‘dumping’ of Indian chloroform
- Rana leads carpets team to New Zealand
- 1.93 lakh truck, bus tyres exported in March 2003
- 87,500 t rice to be exported to Asian, African nations
- Port workers to join May 21 ‘Bharat bandh’
- Alumina from Balco exported to Iran through Vizag Port
- Emirates SkyCargo adds Boeing to its freighter fleet
- IA to increase cargo capacity by 25 per cent
- Air Sahara to begin Kolkata-Mumbai service
- Forex reserves up by $ 588 million to $ 77,598 million
- NCAER favours abolition of EPCG policy
- Forex reserves rise to $ 78.559 bn
- Adani group earmarks Rs 2,000 cr. for Mundra SEZ development
- Changes in DEPB scheme to comply with WTO rules mooted
- Tirupur exporters launch portal
- CAIT hails govt move on VAT
- Inflation rate falls to 6.03 pc
- ADB gives nod for $ 75-m loan to Petronet LNG
- MIDC signs MoU with Kolkata firm to set up biotech park
- CII sending 20 trade missions abroad to tap markets
- Rs 55 cr. granted to N-E states for export boost
- ITPO postpones Kuala Lumpur expo
- AIAI reception to honour Djibouti President on May 22
- Bangalore int’l airport work to begin in June
- Private capital flows to emerging markets poised to spurt: IIF
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| MAY 19, 2003 |
- Recovery of Iraqi oil production taking longer than expected
- New-comers keep Panama market low
- Daily Bunker market report from Praxis Energy Agents
- US official suggests Iraq could break OPEC ranks
- Next generation Lemag Premet Performance Analyser announced
- The Baltic in brief
- Great Belt: Market firm and quiet
- Singapore market spurred on by bullish trade
- Oil stays firm as US supplies look set to remain tight
- New bunker supplier set to bring down prices in Colombo
- Rotterdam recovers Friday's losses
- Brazilian market update from Petrobras
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| MAY 19, 2003 |
- Geodis with new board members
- Wagenborg takes delivery of first multipurpose vessel
- Introduction of thumbprint signature at UK airports
- Strasbourg inland port defends its position
- APL Logistics signs contract with Parragon Books
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| MAY 19, 2003 |
- New subway system online at Seattle-Tacoma Airport
- Commerce Department creates team to help firms interested in trade with Iraq
- Port of Portland sponsors first Lewis & Clark Explorer Train
- Washington Governor vows to bring Boeing jobs to state
- Railroad safety organization wins $1,025,000 federal grant
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| MAY 20, 2003 |
- Christiane names latest Oldendorff containerships
CHRISTIANE Oldendorff (above), chairman and managing director of Reederei ‘Nord’ Klaus E Oldendorff, has named the company’s latest two newbuildings, writes Eric Watkins in Nicosia.
- PDV Marina gets back to business with fleet upgrade
PDV Marina, the shipping arm of Venezuela’s state oil giant Petroleos de Venezuela SA, is beginning to contemplate fleet modernisation as the impact of the nation’s general strike fades.
- Barbados register begins vessel profile check-ups
EXPERIENCED inspectors are to be asked for their general impressions of a ship’s condition under a new scheme launched by the Barbados register, writes Janet Porter.
- Trades slowdown forces OT Africa Line to pull ship
OT AFRICA Line is withdrawing a ship from its service between Europe and West Africa because of a slowdown in trade over the past couple of months.
- Terrorist probe surrounds ship arrested in Italy
Suspected al-Qa’eda attacks in Saudi Arabia and Morocco have led to heightened security at ports around the globe but up to now terrorists have not used the maritime industry as expected to ship bombs.
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| MAY 19, 2003 |
- Panama: don't rush accident reports
- Prestige damage claim 'will rise'
- Former minister takes Sovbunker
- RCCL faces overcharging suit
- RN warns on Mid East piracy
- China buys into NW Shelf project
- Pakistan terminal wins funding
- Diamond fire cost $250M
- Wreck removed from Haldia channel
- P&O Ports seals largest India deal
- Grounding report blames laptop
- Mystery investor eyes Wilhelmshaven
- BMT move 'good news' for Australia
- Mid East port rivalry on the agenda
- Pacifica forced to cut capacity
- EU ministers tackle quality issues
- Daewoo to attract foreign investors
- Adsteam announces restructure
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| MAY 19, 2003 |
- NYK profits rise but fall short of target
Japan's largest shipping line said operating income rose 5.4 percent to $575 million on revenue of $10.4 billion.
- Cargo spurs British Airways profit
Europe's biggest airline posted a pre-tax profit of $219 million compared to a $324 million loss the previous year.
- Deutsche Post boss confident on Airborne takeover
- Grand Alliance adds Asia-Europe loop
- P&O Ports buys private India terminal
- DHL Danzas Air & Ocean opens Wash. border-crossing facility
- Wheat crop on Georgia port's table
- Exel in C-TPAT program
- Zim acquires stake in Russian agency
- UPS to test hydrogen vehicles in U.S.
- Schenker opens Volkswagen logistics center
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| MAY 19, 2003 |
- Small ships feature in latest GA Asia/Europe loop
The Grand Alliance’s (GA) long-expected sixth Asia/North Europe loop was announced this morning with smaller than expected ships and a Cagliari port call under discussion.
- HPH excluded from Nhava Sheva bid on security grounds
India’s Defence Ministry has shot down Hutchison Port Holdings (HPH)’s bid for Jawaharlal Nehru Port’s new proposed Nhava Sheva container terminal on grounds of security.
- South Africa: 'Liner operators to blame for congestion'
- US remains ‘susceptible to acts of terrorism’ warn Senators
- Will Fesco's ANZ/ECNA ambitions be hard to realise?
- Vitoria's TVV terminal to receive $6m cash injection
- Pilot error grounded 3,424TEU ANL vessel
- US Customs seeks more cash for container security role
- MOL seeks reasons for optimism as operating income falls
- P&O Ports' new Indian terminal to handle first vessel
- Industry moves to standardise box technology and procedures
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| MAY 19, 2003 |
- Huge cost hike hits Carnival plc
Profit falls at renamed P&O Princess despite increase in passenger cruise days.
- CMB approves Exmar demerger
Shareholders to vote on plan on 20 June.
- Cosco orders two VLCCs
Chinese giant ups tanker tally as it squares up to rival.
- Ship sale hunger strike
Jugoceanija workers in coma as wage famine bites.
- Greenpeace blocks passage for elderly tanker
Environmentalists call in class society to inspect 1980s-built aframax bulk oiler.
- Essar in buying mood
But sparkling fourth quarter fails to compensate for full year downturn.
- RCCL accused of $150m fraud
Class action lawsuit claims cruise line charged bogus tax.
- Daewoo goes out to woo investors
Korea's second largest shipbuilder hits the road to assess investor interest.
- Spain sues ABS
Spill hit Spaniards seek damages payout from class.
- NSCSA profit soars
Tankers boost income for Saudi Arabian owner.
- Jutha slims loss
Improved market helps Thai owner clean up first quarter figures.
- IHI bleeds red ink
Machinery sales slump and share value falls hit Japanese shipbuilder.
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| MAY 19, 2003 |
- Zim acquires 50% stake in Russian agency company
- New World Alliance starts second Asia/U.S. East Coast all-water service
- Grand Alliance adds 6th Asia/north Europe weekly service
- Menzies Aviation starts venture with Macau Logistics
- Portland designated USDA air export livestock facility
- South Korea works to clear cargo backlog following strike
- USDA to hold animal and poultry disease meeting
- DHL Danzas Air & Ocean opens brokerage facility in Blaine, Wash.
- DHS streamlines immigration, customs enforcement operations
- ABX Logistics picks Management Dynamics software
- Volkswagen picks Exel for parts collection in Mexico
- Schenker opens auto logistics center in Hanover, Germany
- MOL reorganizes logistics activities
- Twelve U.S. ports share security grants
- Regulatory progress for port of Houston's Bayport project
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