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26 October 2020 The on-line newspaper devoted to the world of transports 22:37 GMT+1

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Shipping Timesweb site
FEBRUARY 25, 2003
Shipping News
  • PSA to lay off 200 senior, 600 junior staff this year
    ABOUT 200 senior and 600 junior PSA Corporation staff will make up the total retrenchments this year, including the 496 who received lay off letters yesterday.
  • Jakarta releases 3 Belgian owned sand dredgers
    THREE Belgian-owned dredgers detained for nearly seven months by Indonesian authorities for alleged illegal sand mining in the Riau islands have finally been released.
  • Mitsubishi yard welders charged
    JAPANESE police pressed charges against seven Mitsubishi Heavy Industries workers for negligence and setting off a massive blaze that damaged a British cruise liner under construction last year.
  • 8 die in Indon ferry sinking
    EIGHT people are confirmed dead and about 30 are believed missing after a ferry caught fire and sank off North Sumatra in Indonesia yesterday, police said.
  • 2 killed in cargo ship collision off Japan
    TWO Chinese men were killed when their cargo ship collided with a Cambodian-registered vessel off Japan, the Japanese Coast Guard said.
  • Cartel busters raid 4 European tanker firms
    THE four major chemical tanker operators in Europe have said antitrust authorities raided their offices in Norway, Britain and the Netherlands investigating a possible cartel.
  • PSA must retain people on the ground
    I REFER to the report 'PSA's cost-cutting must not affect port efficiency'.
Air and Land Transport
  • Air NZ set for solid rebound with strong H1 profits
    NATIONAL carrier Air New Zealand is expected to post a strong first-half profit on the back of more passengers and a stronger currency, reflecting a solid rebound for the bailed-out airline.
  • Air safety officers to monitor Qantas flights
  • AirAsia to serve region by Jan next year
  • Plane crew overpower Taiwan man claiming to have explosives
  • Bomb alert delays Philippine flights
  • India may scrap airline sales

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Sched Netweb site
FEBRUARY 25, 2003
  • Shanghai invites global bidding for Yangshan port operation
  • Pre-arrival rules for mainland vessels relaxed
  • CAF monitoring cycle to change from quarterly to monthly
  • Con-Way opens expanded Florence, Kentucky centre
  • PSA reaches staffing agreement with unions
  • Associated British Ports FY2002 pre-tax profit up 6pc
  • Ryder and First Industrial sign real estate agreement
  • AirNet Systems net revenues increase in Q4 2002
  • Polar to run own sales offices in Europe come Spring
  • Continental to centralise Houston reservations offices

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Cargowebweb site
FEBRUARY 24, 2003
  • Maersk back in black in 2003
    The Danish parent of Maersk Sealand said its shipping operations, which were heading for a loss, will now make a profit.
  • Malaysia port sets box expansion plans
    Malaysia's northwestern Port of Penang is adding another container berth and second access bridge, and reclaiming 60 acres of land for a container yard, among a host of improvements aimed at expanding its container-handling capabilities. The developer for the project is expected to be announced by the end of March.
  • Air NZ with strong H1 profits
    National carrier Air New Zealand is expected to post average profit forecast of NZ$89 million in its first-half on the back of more passengers and a stronger currency, reflecting a solid rebound for the bailed-out airline.
  • PSA hands out nearly 500 pink slips
    A total of 496 staff had been given their notice early Monday and another 800 are due to leave through retirement, resignation, transfers or when their service contracts end, a PSA spokesman said.
  • All Nippon Air losses and lay-offs
    All Nippon Airways may stretch 3-day decline after report to fall into red this FY. Nikkei predicts group operating loss of about Y9 billion vs company's initial forecast for Y15 billion profit; consensus for Y11.48 billion profit.

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Exim Indiaweb site
FEBRUARY 25, 2003
  • Shipping Minister tells CSL to spread wings, improve efficiency & profitability
  • Vessel detained at Bangladesh was sold at SCI's behest: Minister
  • Danzas Asia-Pacific awarded ISO 9001:2000 certification
  • EC keen on boosting trade with India
  • Anti-dumping duty imposed on Chinese metal torches
  • 3 nations ask India to join gas pipeline project
  • India, China sign pact to lower trade tariffs
  • 6 perish in ship blaze at Alang Shipyard, toll may be higher
  • Lack of rakes, changed FCI supply policy hit wheat exports via Vizag Port
  • Ports, shipping sectors await new dawn on Feb. 28
  • Forex reserves swell by $ 1,084 million to $ 75 billion
  • More states opt for separate export policy
  • Nalco bags best exporter award again
  • Inflation rate rises to 5.04 per cent
  • EOUs council seeks sanction to sell textile goods in DTA
  • ONGC strikes oil, gas at 5 fields
  • Finance Ministry may relax depreciation norms

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The Bunker Bulletinweb site
FEBRUARY 24, 2003
  • Venezuela cranks up production amid firing oil workers
  • No quota change expected at OPEC March meeting
  • Ice blocks Primorsk-bound tanker
  • Iraqi oil export from Khor al Amaya
  • Italy signs decree to ban certain single-hull tankers
  • UK presents "window" for Iraq to comply or face war
  • Novorossiysk: Hurricane expected to close port
  • Oil prices march on up to the beat of war drums
  • Rotterdam indications move up on the back of bullish crude

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International Transport Journalweb site
FEBRUARY 25, 2003
  • «Baco Liner 3» celebrates 500th voyage
  • Eurogate increases handling capacity
  • South African airport for sale
  • Waitrose extends contract with Hays Logistics
  • TNT enhances logistics operation with IBM Thailand
  • CP Ships makes senior management appointment

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 24, 2003
  • Skuld throws out cruise vessels
  • Frontline weaker than expected
  • "Saddam continues to smuggle oil"

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World Wide Shipperweb site
FEBRUARY 24, 2003
  • Port of Everett schedules meeting to discuss North Marina development
  • Customs adds two European ports as operational CSI program members
  • Airborne Express will boost fuel surcharge to 5.1 percent
  • Officers randomly searching vehicles approaching Portland Airport
  • MARAD reactivates RRF vessel to support Operation Enduring Freedom

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The East Africanweb site
FEBRUARY 24, 2003
  • Importers Rush to Claim Containers at Mombasa

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Lloyd's Listweb site
FEBRUARY 25, 2003
  • Bulls' eyes light up on AP Møller rethink
    AP Møller's shipping activities performed much better in 2002 than the Danish group had been anticipating in the early months of last year - news that prompted analysts to claim the liner market had turned the corner.
  • Noble launches Abbey Shipping in rare Enterprise Investment
    A NEW UK shipping company has been launched under the government's Enterprise Investment Scheme, which is designed to stimulate equity investment in small companies through tax incentives.
  • Star plans US flag cruise fleet as revenue increases
    STAR Cruises is planning a US-flagged cruise fleet as it pulls itself back into the black in 2002.
  • Stena upgrades Irish Sea ferry link
    SWEDISH ferry group Stena Line is to inject '70m into a major upgrade of its Irish Sea services linking Ireland and Scotland with the construction of two new port facilities, writes Jerry Frank.
  • Port Mobil claims to go to UK club
    PROTECTION and indemnity club West of England is likely to face claims arising from the explosion that rocked ExxonMobil's Port Mobil facility at Staten Island.

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Fairplayweb site
FEBRUARY 24, 2003
  • Panama settles dispute with HPH
  • US seeks six for the military
  • Thames terminal inquiry opens
  • Probe launched into NY barge blast
  • Izar appoints Rituerto as first MD
  • Oil policy delays other trading
  • Four lost in ferry sinking
  • Jordan rejects Iraq oil report
  • Gas warms Qatar operator's profits
  • Italy bans old single-hull tankers
  • Madrid stands firm against marchers
  • Corruption alleged over port work
  • Seafarers killed after collision
  • Gisborne rapped after grounding
  • Seven charged over Princess fire
  • Mystery ships regarded as hoax
  • Poor watchkeeping led to sinking
  • Algeria's ports to be hit again
  • SK Shipping shrugs off Chey arrest
  • Four port operators to merge
  • Ports prepare for possible attacks
  • Unions endorse PSA package

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The Journal of Commerceweb site
FEBRUARY 24, 2003
  • Moller now sees profit for shipping
    The Danish parent of Maersk Sealand said its shipping operations, which were heading for a loss, will now make a profit.
  • Truckers strike Port of Savannah
    Harbor truck drivers on Monday launched a two-day job action at the Port of Savannah to protest delays at the Georgia port.
  • Cosco joins Shanghai port scramble
    China's largest shipping company disclosed plans to bid for a stake in the country's new Yangshan deepwater port.
  • Frontline boosts 4Q profits
  • Probe into deadly New York barge explosion
  • BAX Global taps Carr
  • USSEC holds on bunker charge
  • Malaysia port sets box expansion plans
  • Mail Boxes Etc. franchisees want to block UPS plan
  • Eurogate, Maersk Data open logistics software venture
  • Deal for Mobile cold storage
  • Nistevo reports gain
  • Covansys offers CSI help

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Containerisation Internationalweb site
FEBRUARY 24, 2003
  • Ghana deal launches South African port authority's international expansion drive
    South Africa's National Ports Authority (NPA) is poised to sign its first long-term concession agreement in another African country this week, the first step in its expansion into Africa and beyond.
  • Resurgent liner confidence: AP Moller forecast upgrade
    AP Moller has raised its financial expectations for 2002, announcing a DKr1.5 billion (US$217 million) upward revision for income from shipping that is indicative of growing confidence across the liner sector.
  • New COSCO, Yangming service boosts transpacific capacity
  • Hong Kong terminal majors offer joint value-added platform
  • Safmarine adds W.Africa leg to SAMBA string

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TradeWindsweb site
FEBRUARY 24, 2003
  • OSG, Valles just say no
    Both owners deny Overseas Shipholding Group has bought seven aframaxes.
  • Labour reports rile barge owner
    Bouchard pledges full cooperation in NY blast probe.
  • PDVSA to end force majeure?
    Company official says return to 'normal' will allow end to contract clause.
  • Savvy salvors to the rescue
    Dutch company Multraship says it prevented 'major casualty' on the Scheldt
  • AP Moller in shipping turnaround
    Tanker and liner freight rate revival give a $217m boost to quoted companies.
  • Superfast ahead for Attica
    Greek ferry owner's turnover speeds ahead but profit trails in the wake.
  • Wilhelmsen positive on Awilco bid
    Two large shareholders give a boost to hopes of taking listed offshoot private.
  • DNV returns crash back
    Norwegian classification society says it axed 77 ships from class in 2002.
  • Saaremaa faces scrap for Estonian ferry franchise
    Three shipping companies eyeing state licence for Estonian island traffic.
  • Lithuanian Shipping stays out of the red
    Dry cargoship owner posts narrow profit for 2002 despite weaker US dollar.
  • Star returns to profit
    Capacity increase and cost control boosts fortunes for Asian-based cruise giant.
  • Frontline 'cautious' but 'optimistic' on 2003
    John Fredriksen's tanker giant predicts big first quarter gains.
  • Scandal-hit Sasebo forecasts loss
    Japanase yard that swindled government out of training cash is gloomy about current prospects.
  • Breakers hit by dearth of large tonnage
    Upcoming Indian budget pushing up prices but seen having little longer term effect.
  • Four dead after ferry sinks off China
    Most passengers and crew safe following tragic incident in Bohai Strait.
  • California to hike spill levies
    Plan to raise extra $7.75m will increase tanker and dry cargo vessel costs.
  • Breaking yard fire kills up to 15
    Alang inspectors may toughen up on gas free certification after blaze on former Chandris tanker.
  • Great Eastern inks Hanjin MR tanker
    Indian shipowner extends newbuilding relationship with South Korean shipbuilder.
  • Shippers adapting to new US box rule, MOL says
    Nearly all customers of Japanese container line's US operation are giving advance notice of cargo.

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American Shipperweb site
FEBRUARY 24, 2003
  • Marad begins E-Seal testing
  • Safmarine extends Samba service to West Africa
  • Marad to hold maritime security standards meeting
  • Canadian freight conferences to raise Eastbound rates
  • A.P. Moller to report shipping profits before special items for 2002
  • Frontline falls into the red with $7 million 2002 loss
  • Maersk Sealand adds Indian port to U.S. West Coast link
  • Polar Air ends agency relationship in Europe
  • Schneider names Sanders area VP of sales
  • P.A.M. Transportation expands fleet
  • FMCSA extends time to address intermodal equipment maintenance
  • WTO sees support for potential trade facilitation negotiation
  • Port of Mobile, ICS Logistics strike deal on cold storage facility
  • PSA port group to pay compensation to laid-off workers
  • Algeciras topped 2.2-million teu traffic in 2002

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