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26 October 2020 The on-line newspaper devoted to the world of transports 23:42 GMT+1

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Shipping Timesweb site
FEBRUARY 27, 2003
Shipping News
  • India jails Indon pirates for Alondra Rainbow hijack
    IN what is believed to be a jurisdictional first, India convicted and sentenced 14 Indonesian pirates on Tuesday over the 1999 hijacking of the Japanese-owned and bound cargo ship Alondra Rainbow.
  • Officer shot in hijack attempt
    AN aborted hijacking attempt in Indonesia on Tuesday has left a chief engineer in a critical condition after pirates fired upon a chemical tanker.
  • Jurong Port begins stage 4 of expansion
    SINGAPORE's second container terminal operator, Jurong Port, says it has begun the fourth phase of its expansion, which will boost its annual handling capacity to 1.4 million TEUs.
  • Shipping boosts A P Moller's profit
    A P Moeller Group, the world's largest container shipping company, said it had a larger- than-expected profit in 2002, as it made money from shipping.
  • Frontline's Q4 profit jumps 54%
    FRONTLINE Ltd, the world's biggest operator of supertankers, said fourth-quarter profit climbed 54 per cent as demand rose and tariffs surged.
  • TotalFinaElf charters VLCC from Europe to Singapore
    OIL major TotalFinaElf has chartered the first very large crude carrier of the year to take Russian high sulphur fuel oil to Singapore, potentially tightening the Rotterdam market over the next few weeks, traders said on Tuesday.
Air and Land Transport
  • Swiss Air Lines to axe another 700 jobs, cut fleet
    SWISS International Air Lines will eliminate an additional 700 jobs, reduce its fleet by 20 planes and shed routes such as Zurich to Jersey and Turin after abandoning a goal of breaking even this year.
  • Pressure rising to slash costs, says Delta CEO
  • MAS chalks up RM330m profit in third quarter
  • Fraport to decide on troubled Manila project by end-March
  • EasyJet may not buy DBA if terms are not met
  • US agency says pilots must carry guns in bags to and from plane
  • End nears for Titanic yard
    TENS of thousands of men once thronged through the narrow streets of east Belfast each day to work at the mighty shipyard renowned for building the Titanic.

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Sched Netweb site
FEBRUARY 27, 2003
  • HK cargo throughput reaches a world's best 19m TEU in 2002
  • MOL in compliance with US Customs' advance manifest rule
  • Maersk Trucking to acquire Welkin Transportation
  • IPBCC lines increase level of BAF, restore rates
  • Metro Combined Logistics to be renamed GAC Logistics
  • Zim tops out US$650m new building programme
  • Ailing Swiss airline moves to cut jobs, route network and
  • Dragonair records 66pc growth in cargo carried in January
  • Korean ups cargo service to Amsterdam to four per week
  • Cathay Pacific expands codeshare with British Airways

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Cargowebweb site
FEBRUARY 26, 2003
  • TNT Logistics and Wincanton runners up in European logistics market
    With European contract logistics revenues of 2,332 million euro, Exel retains over 2002 its top position from the previous year.
  • Explore road tolls, Ottawa advises
    In his long-awaited blueprint for the future of transportation in Canada, federal Transport Minister David Collenette yesterday presented a new policy focused on protecting the environment and encouraging commercial competition.
  • Palletmaker Chep Europe down
    Palletmaker Chep Europe, part of Brambles Industries, suffered a 25 per cent fall in operating profit to $124 million. Chep Americas, the business which signaled the start of Brambles's loss of earnings momentum in late 2001, increased operating profit 33 per cent to $126 million.
  • Evergreen moves into Shortsea
    Evergreen is to start a European Shortsea service from north Europe in the near future.
  • Swiss clips fleet, costs to survive
    Flag carrier Swiss International Air Lines will cut its fleet by 20 aircraft, shed 700 jobs and not break even this year.
  • NOL Group reports loss for 2002
    Neptune Orient Lines (NOL) today reported a loss for the full year 2002 of $330 million.

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Exim Indiaweb site
FEBRUARY 27, 2003
  • 6 SCI crude tankers bound for scrapyard
  • Ship-owners seek govt nod to take foreign cover
  • India urges US to include 850 more items in GSP scheme
  • Grape exports from Andhra to carry 'Hy Grapes' tag
  • Salt makers seek 10 pc export subsidy
  • Dumping probe on import of methylene chloride from S. Korea
  • Kandla Port sets yet another single day unloading record
  • FIPB clears P&O Ports' acquisition of Adani Container Terminal
  • PPT to repay Rs 121 cr. to ADB next month
  • Safexpress launches super hub on NH4
  • Railway Minister spares all
  • No special thrust for export sector - Fieo chief
  • 5 Indian banks may set up OBUs in SEZs by March-end
  • Rs 500 cr. price stabilisation fund for plantation crops approved
  • Economic Survey today
  • Karnataka to set up mango AEZs
  • Curbs on purchase of lustre-loss wheat lifted
  • KVIC opens 163 agro, rural units in Kashmir
  • 4 pc ceiling on wheat taxes sought
  • It's lacklustre, says IMC

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The Bunker Bulletinweb site
FEBRUARY 26, 2003
  • Little action on the US East Coast
  • Gulf Coast markets on the up
  • Quiet West Coast markets still difficult to grasp
  • Prices continue to drop in Pacific Northwest
  • Market update for ports in Ecuador
  • Daily Bunker market report from Praxis Energy Agents (wednesday)
  • Spanish restrictions affect supply in the Canary Islands
  • Distillate indications no exception in Gibraltar
  • OPEC output posts solid rise in February
  • Piraeus buyers still active despite bullish prices
  • Weekly African market report from GAC
  • New Saudi posted prices
  • Brazilian fueloil prices on the up, holiday contact numbers
  • Daily Bunker market report from Praxis Energy Agents (Tuesday)
  • Rotterdam barge congestion gets worse
  • Price fall still leave levels too high to boost Korean demand

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International Transport Journalweb site
FEBRUARY 26, 2003
  • Manhattan Associates strengthens European presence
  • Christian Salvesen: profit warning
  • Thai State Railway SRT may claim massive damages from Central
  • «Axel Maersk» 10 000 TEU?
  • Qantas profit rises

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 26, 2003
  • Broström believes in better market for quality shipping
  • Oil recovery from "Tricolor" completed
  • Maersk flags for improved profits

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Marine Logweb site
FEBRUARY 26, 2003
  • Conditional immunity for SNTG
    Company says it reported results of internal investigation to authorities
  • 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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World Wide Shipperweb site
FEBRUARY 26, 2003
  • Port of Tacoma starts off quarter with new record at North Intermodal Yard
  • Port of Poulsbo first in line to receive derelict vessel assistance
  • Port of Portland slates final two Marine Terminals Master Plan meetings
  • Control of Coast Guard passed to Homeland Security Department boss
  • Crowley Marine Services oversees refloating operation for grounded tanker

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Lloyd's Listweb site
FEBRUARY 27, 2003
  • Swedish Club seeks box stowage action
    THE Swedish Club is calling for more attention to be paid to container stowage following an investigation into cases of containers lost overboard.
  • P&O Ports gains 38% with Deurganck expansion
    P&O PORTS has been granted a surprise concession that could pave the way for a massive expansion at the port of Antwerp, with the UK firm gaining the go-ahead to take the northern part of the Deurganck dock from Hesse-Noord Natie, writes Helen Hill in Amsterdam.
  • Brussels steps up places of refuge pressure
    EUROPEAN Commission officials have said they are keen to see member governments speed up action within this year to introduce defined 'places of refuge' for aiding ships in distress.
  • Daewoo grabs two more VLCC orders
    DAEWOO Shipbuilding and Marine Engineering has claimed another two orders for VLCCs, both from existing Greek customers, as part of another haul of tanker orders worth about $230m.
  • Erck Rickmers beats off rivals to win Zim contract
    ERCK Rickmers has fended off competition from his brother Bertram to land a contract with Zim Israel Navigation, writes Janet Porter.

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Fairplayweb site
FEBRUARY 26, 2003
  • Korea to set up repair shop in India
  • Stolt & Vopak in second cartel probe
  • Korean shippers solicit surcharge cut
  • DNV lowers tolerance
  • FMC rules against Port Canaveral
  • Thai sweetener wins Phils rice deal
  • Asia-Europe boxes up 9 pc year-on
  • Sinotrans Shipping set up in HK
  • Martin pursues leadership bid
  • Madrid presses for Prestige payout
  • NOL to prune staff
  • OnePort debuts in Hong Kong
  • USCG technology extends 30 miles
  • Manager abandons Actinor
  • Madrid to own, operate salvage tugs
  • Inchape plans major growth
  • Stolt gets immunity in cartel probe
  • ICTSI wins Baltic Container Terminal
  • Italian ports face anti-war delays
  • Mongla grinds to a halt
  • Adsteam announces operations review
  • Break-up threat to Teekay tanker
  • France warns on low watch crew
  • Minister rallies support for security
  • SCI to scrap six tankers
  • War 'won't disrupt Qatari LNG'
  • Panama bunker port makes its debut
  • Alondra Rainbow hijackers convicted

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The Journal of Commerceweb site
FEBRUARY 26, 2003
  • Loy wants gov't. $$$ for port security
    Transportation Security Administrator James M. Loy said that he would recommend providing federal funds for port and maritime security measures.
  • NOL to cut jobs after record loss
    Weak freight rates and a one-time charge led Neptune Orient Lines Ltd. to post a record 2002 net loss of $330.16 million, up from $56.37 million in 2001.
  • After record, Hong Kong makes plans
    Hong Kong easily maintained its position as the world's largest container port in 2002, processing a record 19 million TEUs in 2002.
  • Hong Kong box operators in logistics venture
  • Canada plan divides shippers, railroads
  • FedEx Express taps Brown for Mexico, Central America
  • Hasco, Sinotrans cancel space charter
  • New line offers U.S.-Mexico service
  • Indian port cuts vessel charges
  • New cranes for Savannah
  • British Airways adds Cologne freighter stop
  • Transport consultant network expands
  • Rail mergers, port security in Canada transport plan

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Containerisation Internationalweb site
FEBRUARY 26, 2003
  • 'Judgement of Solomon' ends terminal giants' Antwerp spat
    Antwerp Port Authority has ended the fierce tussle between P&O Ports (POP), AP Moller Terminals (APMT) and Hesse Noordnatie (HNN) over crucial concessions to operate terminals in the port's new Deurganckdok.
  • NOL banks on market upturn after US$330m loss
    Neptune Orient Lines (NOL) has reported a 2002 net loss of US$330 million and plans to slash up to 1,100 jobs this year, but predicts 'substantial' improvement for 2003.
  • Shortlisted Vallarpadam bidders approach final showdown
  • Container charter market rides 18-month high
  • New terminal to boost Mediterranean capacity

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TradeWindsweb site
FEBRUARY 26, 2003
  • Seyang walks out on Euronav VLCC buy
    South Korean tanker owner wannabe defaults on done deal at last minute.
  • Saudis in big-ship bonanza
    Vela locks up three VLCCs, one ULCC for March loadings to US.
  • PDVSA partially lifts force majeure
    Venezuelans clear some products, claim first major crude loading in west is imminent.
  • Stolt Offshore adrift in fourth quarter
    Losses grow to $139.7m amid 'goodwill' writedowns.
  • Brazilian collision dents Sinotrans bulker
    Clash in Paranagua roads also damages B Navi general cargoship.
  • Teekay snaps up Wah Kwong VLCC
    Aframax player signs up newbuilding for five-year time-charter.
  • NOL eyes 10% staff cuts
    Singapore firm making provisions to lay off up to 1,100 staff as it earmarks further assets for disposal.
  • Solstad hampered by write-downs
    Norwegian offshore owner saw net profits shrink in 2002, but sector still lucrative.
  • Gotland income halves
    Ferry and product tanker weakness pushes down returns for Swedish owner.
  • Halim Mazmin slips back
    Malaysian owner Halim Mohammad's company confident of holding on to profit in 2003.
  • Profit slip prompts global review at Adsteam
    Australian towage and ports company to examine operations in bid to boost bottom line.
  • RCL back in the money
    Thai container line boosted by exchange gains and lower costs in 2002.
  • T&E rebrands shipmanagement arm
    Norway's Tschudi & Eitzen group reflects expanded business with TESMA name, where A stands for Alliance.
  • Tanker and cargoship collide in Baltic
    This year's thick ice causes more problems for vessels.
  • NOL aims to return liner arm to profit in 2003
    Losses escalate for Singapore giant in a "tough year."
  • Second price-fixing probe for Stolt
    Now EU to examine inland barge trade with Vopak, in addition to chemical tanker investigation.
  • RINA provides guidance on tankers
    Italian classification society aims to help owners through ordering process.
  • Tokai turns it around in 2002
    Summer season edges Japanese ferry owner into profit for last year.

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American Shipperweb site
FEBRUARY 26, 2003
  • Carriers start new Asia/Middle East/India link
  • Hapag-Lloyd, P&O Nedlloyd and OOCL to start new intra-Asia service
  • Marad approves tanker transfer to foreign flag
  • FMC drops proceeding against Hasco
  • Record loss at Neptune Orient Lines
  • China Shipping deploys two 5,600-teu ships on Asia/Europe route
  • Stolt-Nielsen is granted conditional amnesty in U.S. antitrust probe
  • Indian court jails Indonesian hijackers of Japanese ship
  • Emirates Skycargo extends service to Nepal
  • EC defines EU-wide mechanism for bilateral agreements
  • EC wants more powers to review international airline alliances
  • Swift settles with injured motorist
  • Canadian shippers back aspects of "transportation blueprint"
  • CSX Corp. moves headquarters to Jacksonville
  • Inchape plans growth in agency activities
  • Clarification: Tradepoint Systems B.V. buys Trans-Euro
  • IBM, Michigan State form supply chain research center
  • ITC seeks input for investigation of trade pacts' economic impact
  • Group praises U.S./Canada effort to resolve softwood lumber dispute
  • FMC weighs penalties for Port Canaveral shipping act violation
  • Tacoma sees 35-percent jump in intermodal yard traffic

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