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20 October 2020 The on-line newspaper devoted to the world of transports 16:50 GMT+2

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Shipping Timesweb site
FEBRUARY 24, 2003
Shipping News
  • Cosco Pacific to bid for Shanghai port project
    COSCO Pacific Ltd, the port unit of China's largest shipping company, plans to bid for a stake in Shanghai's new port, the latest company to seek business in a city where sea trade may rise as much as a fifth this year.
  • Who's to go - PSA staff will know today
    TODAY ends an anxious wait for PSA Corporation's 5,750 employees, who will finally know for certain who made the axe list of 496 to go in the terminal operator's controversial retrenchment exercise.
  • N-waste shipping nations meet over Pacific fears
    A meeting to discuss concerns over radioactive waste shipments across the Pacific opens in Fiji today with delegates from the shipping nations, Britain, France and Japan, taking part but with little expectation of anything coming out of it.
  • Sunken ship to be salvaged in 6 months
    THE Tricolor ship that went down in the English Channel in December with a cargo of thousands of luxury cars will be recovered within six months, the ship's Norwegian owners said.
  • Bosphorus waterway reopens after snowstorm
    TURKEY re-opened its Bosphorus straits to oil tanker traffic on Saturday after being closed for most of the day as a heavy snowstorm cut visibility on the narrow waterway passing through the city of Istanbul.
Air and Land Transport
  • Airlines will go bust if war breaks out: Qantas chief
    QANTAS chief executive Geoff Dixon predicted yesterday that airlines would go bust if war broke out in Iraq, although he insisted his own airline's future was bright.
  • Lufthansa cuts capacity as economy stings
  • Gulf Air will keep flying in region
  • Thai Airways pushed to cut more domestic routes
  • Pilots union turns up nose at Virgin Atlantic pay offer
  • ANA likely to incur operating loss: report
  • Uncertain times in Middle East Gulf
    IIVALID font S the Iraq situation appears to be coming closer to a showdown, the shiprepair yards in the region have to Invalid font carry on as normal.

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Sched Netweb site
FEBRUARY 24, 2003
  • Shipping lines poised to charge for filing Bills of Lading
  • Evergreen wins Lloyd's List training and education award
  • ABX Logistics appoints new GM
  • Ecu-Line offers Nigeria service
  • More European ports up and running with CSI
  • Port Authority of NY/NJ posts decent results for 2002
  • UPS begins service between Hong Kong, Philippines
  • Airborne Express, FedEx increase fuel surcharges
  • Menzies spends US$1.3m on Amsterdam cargo capacity boost

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Cargowebweb site
FEBRUARY 23, 2003
  • European cartel police raids ship-owners
    European Commission and national authority inspectors searched the premises of numerous major shipping companies in the European Union, Norway, Iceland, Switzerland and Liechtenstein, under suspicion of price-fixing.
  • Amsterdam airport result down
    Schiphol Group posted a net result for 2002 of 141 million euros compared with 191 million euros in 2001.
  • 5 billion NY port budget
    The Port Authority of New York and New Jersey yesterday approved a $5 billion budget that includes no toll or fare hikes, but provides $300 million for the bi-state agency's anti-terrorism operating expenses and $100 million for security upgrades.
  • USPS wants more flexibility
    The US Postal Service needs more flexibility in setting its rates, possibly changing them at different times for businesses and the public, an agency official said Thursday.
  • US anti-terror rules causing concern
    American businesses largely support the 24-hour rule, which requires detailed cargo information to be filed with authorities a full day before containers are loaded aboard US-bound vessels, but have sown confusion and frustration among the world's shippers, traders, retailers and port officials.
  • More containers at US West Coast
    Containerized shipments surged in January 2003 through the U.S.'s largest port complex at the West Cost. Container transhipment in LA was up 27 per cent, in Longbeach down.
  • Deutsche Post had a good January
    Deutsche Post AG started 2003 on a positive note with January 2003 business coming in ahead of plan, Chief Executive Klaus Zumwinkel told.

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Exim Indiaweb site
FEBRUARY 24, 2003
  • Development of coastal shipping, non-Major ports under study: Minister
  • Competitions for school children - National Maritime Day celebrations
  • Wan Hai Lines Ltd. formally inaugurates India office - To start Red Sea Service (SRX) with direct call at Tuticorin and new Cochin service from April
  • Naftomar's Gen. Agents, Seaworld Shipping oversees propane discharge
  • US anti-dumping duty move worries seafood exporters
  • Toy export orders worth $ 2 m bagged at German fair - Philanthropic gesture nets a windfall
  • Commodity exports up 18 pc
  • EU allows entry of 2 categories of stalled apparel shipments
  • KPT's revised berthing policy boosts per berth day output
  • P. N. Roy Chowdhury, GMB chief, promoted to Principal Sec., Gujarat
  • Balmer Lawrie team lifts Galileo Cricket Max 2003 Cup
  • Assocham seeks overhaul of credit delivery system
  • MoF may retain tax sops for exporters
  • Fieo to hold open house with Arun Jaitley on Feb. 25

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The Bunker Bulletinweb site
FEBRUARY 21, 2003
  • Daily Bunker market report from Praxis Energy Agents
  • Prices jump on explosive fire at New York storage terminal
  • IBIA welcomes new Chairman and Council Members
  • Greenpeace asks EU to prosecute Spain over Prestige
  • Kazakh crude output up 18%
  • Nigerian oil strike halted
  • US crude stocks up, products down
  • African market update, strikes affecting many ports
  • Lack of market direction keeps Singapore stable
  • Japan still suffers popularity problems
  • Oil price on the rise as US declares it is ready for war
  • CBI on the move
  • Irish take a refuge lead
  • Chemoil enters Panama
  • Rotterdam quiet and stable this morning

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International Transport Journalweb site
FEBRUARY 21, 2003
  • TPG will handle logistics for new Volkswagen Touran
  • Japanese firm keen to build HK-China bridge
  • Zambia Railways concession to Spoornet and NLPI
  • Lufthansa Cargo imposes fuel surcharge
  • TPG appoints former Dutch prime minister to supervisory board

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 21, 2003
  • Nordic countries in joint demand for PSSA
  • B&N loses EUR 5.5 million
  • "Tricolor" salvage by break-up

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World Wide Shipperweb site
FEBRUARY 21, 2003
  • Port of Vancouver, USA hires Smith as marketing/operations director
  • Railroads have positive week on both sides of ledger
  • ENSCO selling vessel fleet to Tidewater Incorporated
  • Officers randomly searching vehicles approaching Portland Airport
  • Stelmar Shipping signs on pair of double-hull tankers

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Lloyd's Listweb site
FEBRUARY 24, 2003
  • Virgo accused allowed home leave
    THE long quest for freedom of the three Russian crew members of the tanker Virgo has moved a step closer to fruition after a Canadian court granted them leave to return to their homeland.
  • SK Corp chief held on insider trading charge
    CHEY Tae Won, 42, the chairman SK Corporation - the flagship of South Korea's third largest conglomerate or chaebol - was arrested on Saturday, along with Kim Chang Keun, the division's president, after a marathon 34 hours of questioning on charges of insider trading.

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Fairplayweb site
FEBRUARY 21, 2003
  • Staten Island refinery explosion
  • Iraqi scandal: UN contact confirmed
  • Majors in Iraqi oil export scandal
  • Stena invests $100M on Irish Sea
  • Grindrod well positioned for growth
  • No computer? No e-problem!
  • Vietnamese slow to take up THCs
  • Italians seek yard survival funds
  • Thousands to protest over Prestige
  • Swedish Orient sees red
  • Scapegoat Mangouras leaves Coruña
  • Everard slates EU policy makers
  • Nomadic's Thulin remains confident
  • Logger goes down off Japan
  • Tidewater takes Ensco supply fleet

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The Journal of Commerceweb site
FEBRUARY 21, 2003
  • Ocean carriers will charge to file BOLs
    Shippers can expect to begin paying a surcharge for bills of lading that ocean carriers file for them under U.S. Customs' 24-hour advance manifest filing rule.
  • Shipper group eyeing East Coast ports
    The West Coast Waterfront Coalition is changing its name and bringing its drive for improved productivity to marine terminals on the East Coast.
  • Fire closes New York harbor waterway
  • Integrators to raise fuel surcharge
  • Customs reviewing comments on trade reporting
  • Port of NY OKs $500M for security
  • Maersk Sealand launching India-U.S. direct service
  • Canada-Europe conferences hike rates
  • Hyundai Heavy revision shows 2002 net loss
  • TACA resets CAF
  • Nextjet Technologies adds Web-based service
  • Chemoil will supply Panama Canal bunker

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Containerisation Internationalweb site
FEBRUARY 21, 2003
  • From Hyde into Jekyll: Durban efficiency becomes 'model for industry'
    A new berthing reservation system for ships arriving at Durban has been so successful in expediting ship handling that it has been hailed as a model for other commercial ports.
  • Lobby group takes up cudgels over problems of US ports
  • Closer collaboration from Coscon/CSCL?
  • Management overhaul at CP Ships
  • Sinotrans forges shipping agency JV with Japanese partner
  • UK's Freighliner in $27m intermodal box capacity expansion

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TradeWindsweb site
FEBRUARY 21, 2003
  • Tsakos Energy distances itself from furore
    Stock holds up as Tsakos public arm tries to put space between itself and Iraqi scandal.
  • Chemoil returns to Panama
    Bunker supplier to open again in Cristobal and Balboa after ten-year break.
  • Explosion at NY refinery
    Oil prices surge briefly as industry fears terrorism, but barge to blame.
  • Tsakos stops Iraq suezmax
    Master of Argosea told to await further orders off Fujairah.
  • Venezuela revs up
    Orimulsion back on stream, while Projector ships huge fuel oil cargo to Singapore.
  • Greenland owner lines up ship order
    Royal Arctic Line wants a new containership delivered by the end of 2004.
  • Minerva suezmax jammed in ice
    Row over Primorsk terminal tankers rekindled as ice breaker fails to shift ship.
  • Greek tankers linked to Iraq
    Top owners face illegal cargo allegations as oil tap turned on.
  • Currency gains boost Farstad
    Norwegian supply ship owner posts another massive full-year profit.
  • Sumitomo outlines forecast for new yard unit
    Upcoming shipyard merger partner spells out prospects for 2003-2004.
  • Precious profit falls
    Thai bulker owner hit by fewer operating days.
  • Two dead after freighter sinks off China
    Another man missing but 12 rescued after storm overwhelms ship in Taiwan Strait.
  • Unitor profit halved
    Norwegian ship supplier turns to revitalisation plan to boost fortunes.
  • Interest costs dog Oglebay Norton
    Strong performance from Great Lakes bulkers can't save US owner from loss in 2002.
  • Problems pull down profits at Conrad
    Series of non-recurring items takes its toll at US shipbuilder in year it will want to forget.
  • Austal suffers from stretch into US market
    The cost of developing Australian ferry builder's US operation dragged it down in fiscal first half.
  • Hyundai Heavy's profits disappear
    Korean yard restates 2002 acccounts to reflect loss from holdings in sister company Hynix.
  • Cargoship capsizes off Japan
    Search underway for four missing seafarers, but 12 rescued by passing ship.
  • Spliethoff switches to British Marine
    Dutch tweendecker owner opts for fixed premium P&I market.
  • Stelmar inks Nedimar and Maremar charters
    Athens-based tanker owner takes advantage of strong rates to lock in long-term earnings.

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American Shipperweb site
FEBRUARY 21, 2003
  • Halliday leaves CP Ships
  • MOL reports near 100% compliance with 24-hour rule from shippers
  • Stolt-Nielsen also under antitrust investigation in U.S.
  • Airnet Systems reports fourth-quarter loss
  • Lufthansa cuts European capacity, expenses
  • U.S. Customs offers new phone number for 24-hour rule conference call
  • U.S. Customs' csi operational in Bremerhaven, Hamburg
  • New York-New Jersey Port Authority sets $5-billion fiscal 2003 budget
  • Barge explosion rocks Staten Island
  • Renamed waterfront coalition proposes extended port gate hours

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