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26 October 2020 The on-line newspaper devoted to the world of transports 22:20 GMT+1

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Shipping Timesweb site
FEBRUARY 26, 2003
Shipping News
  • Commercial ships likely to become terrorist targets
    COMMERCIAL shipping will likely come under attack by al Qaeda terrorists should war be unleashed on Iraq, UK-based security and defence experts have warned.
  • HK remains world's busiest port
    HONG Kong's port handled 6.6 per cent more containers in 2002 from the year before, making it the world's busiest port for the ninth time in 10 years.
  • HK terminal operators form venture
    THREE of the four operators of Hong Kong's main container terminals have formed an e-commerce joint venture, called OnePort, to enable online completion and submission of official government documentation.
  • Persian Gulf oil tanker rates fall as ship supply rises
    OIL supertanker rates fell as a lull in chartering activity raises the number of ships competing for cargo, allowing importers to trim transport costs.
Air and Land Transport
  • Contingency plans in place for most airlines in Gulf
    AIRLINES in the Gulf have drawn up contingency plans to cope with a feared US-led war on Iraq, but remain confident that schedules will continue largely unaffected once secure air corridors are established.
  • BA slashes services to Gulf
  • Air freight rates may rise if war breaks out
  • EU wants power over air pacts, airline mergers
  • Australian Air to fly to Sydney, Melbourne, Bali
  • Big split between United, pilots
Strait Talk
  • When the lookout isn't on the lookout
    LAST week came news that salvage work on the wreck of the ro-ro ship Tricolor, which has been a hazard to shipping in the busy shipping lanes just to the east of the Dover Strait between England and France, should be underway soon and that the vessel should be removed by mid-summer.

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Sched Netweb site
FEBRUARY 26, 2003
  • FEWA carriers to increase rates by US$200 in April, September
  • Vancouver discloses terminal expansion plans
  • Wide Tech voted best feeder operator in 2002 by Maersk
  • Port of Oakland hits high note at end of year
  • AP Moller makes upward revision for 2002 results
  • GTS to market software to transportation companies
  • Maersk Sealand upgrades US/India, W Africa Service
  • All Nippon revises FY2002 earnings forecast down
  • BA World Cargo revenues rise 7pc in third quarter 2002
  • Efficient Drangonair awarded cargo prize by Schiphol airport

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Cargowebweb site
FEBRUARY 25, 2003
  • Hong Kong world's busiest in 2002
    Hong Kong was the world's busiest container port last year, handling a record 19 million twenty-foot equivalent units, a 6.6 per cent increase over 2001.
  • 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.
  • Geodis largest warehouse at IBM Campus Dublin
    An Tanaiste, Mary Harney, T.D. and Minister for Enterprise, Trade and Employment of Ireland, officially opened the Geodis Logistics Warehouse at the IBM Technology Campus in Mulhuddart.
  • FPS wins another NVOCC license in China
    Famous Pacific Shipping continues unabated was granted a NVOCC license for its facility in China's northern port of Yantai.
  • Qantas subsidiary Australian Airlines is expanding
    Australian Airlines is acquiring two new Boeing 767 300s, enabling services to Bali, China and between Cairns and Sydney. Chief executive Dennis Adams says the company is also considering new services to Malaysia.
  • Nike testing container of shoes for swimming
    Thousands of pairs of Nike basketball shoes are washing up on beaches from Washington State to Alaska after spilling from a container ship in Northern California. There's just one hitch to finding a free pair. "Nike forgot to tie the laces, so you have to find mates".
  • Pilots cite unease with United plan
    The Air Line Pilots Association sent a letter to United chief executive Glenn F. Tilton stating the union's "deep concern" that "management has announced that ALPA and the company are in 'general agreement' over the elements of a restructuring program."
  • Brazil airlines Varig, TAM to cut domestic routes
    Brazil's top two airlines, Varig and TAM, announced a code-sharing deal on to cut costs by reducing flights on domestic routes by 30 percent from March 10. Under the deal, which comes two weeks after the two announced they were studying a merger, the airlines would share 113 daily flights.
  • 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 26, 2003
  • Need for shipbuilders to forge 'technology bond' stressed
  • Andhra Pradesh keen to develop inland waterways
  • GE Shipping expands tanker fleet
  • S. Korea signs MoU to set up ship repair facility at Kochi
  • Jute goods export to double
  • India imposes curbs on import of drugs from Nepal
  • Top auto players seeking to make India components sourcing hub
  • SEZ at Vizag surpasses export target
  • African, Caribbean nations may seek extension of textile quota regime
  • Chennai Port's bid to lure mega boxships, MLOs - Reduced vessel-related charges await TAMP's approval
  • Jaswant Singh may hike service tax rates
  • Exim Bank chief asks exporters to utilise line of credit facilities
  • Minister: No curbs on export of wheat products
  • FM may cut customs, excise duties on car CKDs
  • More powers for DGFT to monitor imports mooted
  • Govt to prepay $ 3 bn WB, ADB debts
  • President Kalam's 3-point advice to knitwear trade
  • Forex reserves total $ 75.283 bn
  • Railway Budget at noon today
  • 6 core sector industries record 4.1 pc growth in January
  • Jap technology for Airbus' A380
  • Shourie opens CII's Malaysia office

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The Bunker Bulletinweb site
FEBRUARY 25, 2003
  • Smit Salvage reports oil recovery from the Tricolor complete
  • Weather hampers Med refiners
  • Russian ports continue to suffer effects of ice
  • The Baltic in Brief
  • Platts and crude conspire to jolt Fujairah market upwards
  • Fuel oil supply runs dry in Montevideo ahead of holiday
  • Demand not so great in the Great Belt
  • No respite for Hong Kong as prices stay high
  • IEA emergency oil reserves ready if war causes supply crisis
  • Crude continues higher as UN starts final discussions on Iraq
  • Rotterdam continues to firm

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 25, 2003
  • DNV threw out 77 vessels
  • Swedish-flagged fleet reaches record size
  • Navy port call means big business

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Marine Logweb site
FEBRUARY 25, 2003
  • Star inks cruise ship completion deal
    A Star Cruises subsidiary has now signed a contract for Lloydwerft to complete the first "Project America" vessel

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Lloyd's Listweb site
FEBRUARY 26, 2003
  • Janholt wins power struggle at Lauritzen
    A POWER struggle within J. Lauritzen, one of Denmark's leading shipping groups, has led to the ousting of Leif Juul Jørgensen as chairman of the company's supervisory board.
  • Multraship averts disaster on Scheldt
    Following the grounding, salvage tugs from Multraship and URS Salvage & Maritime Contracting, on constant standby in the Scheldt, proceeded immediately to the location, which was in the vicinity of buoy 49. In the meantime, Multraship dispatched a salvage team using Multraship's rescue and communication vessel Patrol.
  • Inchcape Shipping unveils growth plans
    INCHCAPE Shipping Services yesterday unveiled ambitious expansion plans for its core business that could involve some sizeable investments, writes Janet Porter.
  • Bulker anchored in stand-off with AWB
    FEAR of sailing to Iraq appears to be at the root of a stand-off between the master of Piraeus-based Starlady Marine's panamax bulker, the Andromeda, and the Australian government-owned grain export company, AWB, write Rob McKay and Nigel Lowry.

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Fairplayweb site
FEBRUARY 25, 2003
  • Galician yards unveil new tug design
  • Canada lodges Virgo appeal
  • MarAd security conference March 20
  • Attica profits decline
  • Accident at ECT
  • AP Møller turns loss to profit
  • US Customs sponsors conference call
  • Work begins to salvage ferry
  • Fatal fire halts Alang scrapping
  • Regulatory chief faces removal
  • Trial starts for seafarer ID scheme
  • Chennai bids for mainline vessels
  • SA looks to foreign port ops
  • Hong Kong breaks 'world record'
  • La Guaira dredging on cards at last
  • Korean tonnage declines
  • Korea woos foreign investors
  • Star Cruises profits soar

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The Journal of Commerceweb site
FEBRUARY 25, 2003
  • Canada unveils transport plan
    The 10-year blueprint proposes sweeping regulatory changes that will boost spending on border infrastructure and empower Ottawa to review Canada-U.S. railway mergers.
  • Savannah trucker protest ends
    Gate operations were returning to normal at the port, but problems are far from resolved.
  • EU in new bid to control US air deals
    The European Union on Wednesday will launch a new bid to wrest control of aviation negotiations with the United States from member countries in a move that promises to radically shake up international aviation.
  • Korean Air profits on cargo surge
  • Georgia Ports posts record box growth
  • FMC rules against Port Canaveral
  • FedEx ordered to pay $2.3M in sex-harassment case
  • Partners spurn Lufthansa portal
  • Swiss cuts jets, jobs
  • Bangladesh to privatize inland cargo hubs
  • Box-tracking project adds OneSea, GT Nexus
  • CSI running in Bremerhaven, Hamburg
  • FAA approves UPS safety system

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Containerisation Internationalweb site
FEBRUARY 25, 2003
  • Korean shippers attack 24-hour rule documentation fees
    Korean shippers and forwarders today met with ocean carriers to demand a reduction in new documentation fees on cargo covered by US Customs' 24-hour advance manifest rule.
  • Evergreen, LT to launch Europe/Med service
  • HK warning: border links and terminals risk overload
  • China Merchants creates W.Shenzhen logistics venture
  • Melbourne port rail link opened
  • COSCO, AP Moller linked to Yangshan project
  • PSA Peugeot-Citroen grows Brazil logistics activities
  • PSA cuts: unions accept terms, key terminal staff spared
  • Maersk Sealand adds NZ export capacity
  • New intermodal service for Port of Felixstowe

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TradeWindsweb site
FEBRUARY 25, 2003
  • Inchcape on hunt for acquisitions
    Agency launches ambitious plan to double in size by 2005, after picking up new European investor.
  • Newbuilds lift GulfMark results
    GulfMark defies weak North Sea market to log increased profits for 2002.
  • OSG records $17m loss
    US tanker owner deep in the red for 2002 after $30m accounting charge.
  • Dollar takes a bite out of Norden
    Exchange rate wipes 40% off Danish owner's pre-tax profit.
  • Actinor clouds darken
    Board resists demand to cede control of Kristian Eidesvik company to creditors.
  • LPG carrier netted in monthly trawl
    Paris MOU inspectors detain 111 ships during January.
  • Eidsiva in the red
    Revamped car carrier owner makes provision for S&P broking dispute.
  • Smit completes Tricolor oil removal
    All fuel from sunken car carrier that could be safely reached is being taken to Rotterdam for disposal.
  • Queen of the rustbuckets
    Leaking, corroded Cambodian bulker Laila Queen is latest Paris MOU ship of shame.
  • Wilhelmsen lifts Awilco stake
    Further acceptances mean bid reaches votes target but still some way to go on equity stake.
  • Greek captain takes stand on Iraq-bound cargo
    Australian Wheat Board cargo marooned on panamax bulker anchored offshore.
  • Grupo TMM reveals its hand
    Mexican owner offers shares at $9 each to persuade bondholders to extend debt payment deadlines.
  • Hong Kong sets new box record
    Asian port reinforces position as biggest container hub in the world.
  • Japan yards see strong start to 2003
    Newbuilding orders booked in January reached their third highest level in the current financial year.
  • Angelicoussis bulker hauled in by Canadians
    Port state control checks reveal defective lifesaving equipment aboard Anangel Express.
  • Taiwan Navigation continues on up
    Stocklisted bulker player logs record earnings per share with more to come in 2003.
  • Noble looks to raise fresh capital
    Richard Elman's shipping to commodities group plans share placement to raise over $20m.
  • Korea casualties see modest increase
    Marine accidents increased by 2% last year, but machinery damage cases were up over 40%.
  • Jaya Holdings posts bullish interims
    Singapore shipbuilder and owner saw half-year profits jump 40% on sales and chartering.

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American Shipperweb site
FEBRUARY 25, 2003
  • Swedish Club says shipowners share in container risks
  • Marad extends voluntary intermodal sealift agreement
  • Cosco, Yang Ming add Asia/Pacific Northwest service
  • Zim, Lloyd Triestino to add Asia/Panama/U.S. East Coast service
  • Zim orders another three 5,000-teu ships for ZCS link
  • CP Ships carriers end direct U.S. calls on South America link
  • Polar Air ends agency relationship in Europe
  • Velocity Express adds terminals
  • Terion receives orders for 5,000 trailer-tracking units
  • China grants NVO license to Famous Pacific Shipping in Yantai
  • U.S. Customs makes changes to RLF prototype two
  • U.S. Customs allows split shipments under certain conditions
  • NVOCCs ask U.S. Customs to clarify 24-hour rule
  • Geologistics names Haverkamp director of Eastern Europe
  • HUB to partner with Velant on automated route planning
  • USTR checks eligibility of countries in Andean Trade Pact
  • Hong Kong terminal operators to share electronic system
  • GTN portal joins security initiative SST
  • Hong Kong still world's busiest container port

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