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Shipping News

Crew of Belize-flagged tug boat stranded for 6 months
FIVE seafarers have been living aboard an old ocean-going tug boat in Singapore's Keppel Singmarine Shipyard for six months after being 'abandoned' by their US-based employer and vessel owner Nordic Technical Development Inc .
ITF to pursue case against shipowners
French builder may win M'sian submarine deal
Kvaerner to file for bankruptcy

Air and Land Transport

Cool reception for Lang/Virgin offer for Ansett
UNIONS and administrators of failed carrier Ansett gave a frosty reception to Virgin Blue and Lang Corp's late offer for the airline yesterday, concentrating instead on Solomon Lew and Lindsay Fox's existing bid.
Virgin Blue hopes to fly to NZ in 2002
Indian Airlines to buy 40 planes costing US$1.9b
Cathay to park planesin desert next year
Thai Air passing domestic routes to local airlines
HK airport seeks study on China venture

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Shipping News

Crew of Belize-flagged tug boat stranded for 6 months
FIVE seafarers have been living aboard an old ocean-going tug boat in Singapore's Keppel Singmarine Shipyard for six months after being 'abandoned' by their US-based employer and vessel owner Nordic Technical Development Inc .
ITF to pursue case against shipowners
French builder may win M'sian submarine deal
Kvaerner to file for bankruptcy

Air and Land Transport

Cool reception for Lang/Virgin offer for Ansett
UNIONS and administrators of failed carrier Ansett gave a frosty reception to Virgin Blue and Lang Corp's late offer for the airline yesterday, concentrating instead on Solomon Lew and Lindsay Fox's existing bid.
Virgin Blue hopes to fly to NZ in 2002
Indian Airlines to buy 40 planes costing US$1.9b
Cathay to park planesin desert next year
Thai Air passing domestic routes to local airlines
HK airport seeks study on China venture

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TCC's Koo new chairman of Hong Kong Shipowners New ship generation launched Lykes Lines expands online documentation procedures Colombo insurance revised Dubai Port bans unlicensed vessel service suppliers Ryanair adds 2nd Europe hub Continental, Europa launch codesharing services Alitalia to cut 3,400 staff Atlas Air adds three hubs in Europe and North America AIRail project wins prize at Hamburg's Intermodal 2001

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NOVEMBER 26, 2001
Asia-US traffic up, US-Asia traffic down Unions to call off strike Marseille Little chance virgin-takeover Branson Kuehne & Nagel buys Italian company Hutchison signs for Yantian Phase III Belgium wants Swiss damage payment "Hamburg Express" new flagship of the Hapag-Lloyd fleet

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ERC suggests Maritime Authority, privatisation of ailing shipyards Wheat exporters unload rejected consignments in local market at profit Govt studying changes in LNG import policy; may scrap f.o.b. move Sugar industry pinning survival hopes on export front Texprocil chief presents 7-pt formula to boost textile exports Leather goods exports recovering Panel estimates Rs 16,949 cr outlay for port sector in 10th Plan 12 Major Ports to invest Rs 18,000 cr during 10th Plan Govt may allow states to get larger share of IWT fund Assam-Kolkata waterways route opened Forex reserves up by 690 million to $ 46,258 million ECGC plans foray into factoring Inflation moves up Forex reserves swell by $ 211 m Services sector may alone yield addl resources for govt DCA modifies inter-company transaction norms Medium-term export strategy soon: Rudy RBI extends financial package to leather, textile exports RBI eases forex norms for travellers Solvent Order 2000 amended AP govt, Apeda may ink MoU for mango AEZ Composition of investor fund panel finalised Cuts in direct taxes unlikely

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NOVEMBER 26, 2001
Santos: Quick measures prevent wide-spread pollution after fuel oil leaks during bunker delivery Singapore bunker indications sharply down as crude/cargo market drops Korean market steady with little action Tanker deliveries can resume as Marseilles/Fos-Lavera strike action comes to an end ARA barges slip $3-4 from morning trade, offers higher again later Taiwan's Mailiao refinery set to reach full production in 2002 Fuel oil output reduced as Kuwait's Ahmadi refinery cuts production for installation work Crude oil stays soft as OPEC insists on deeper non-OPEC cuts

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NOVEMBER 26, 2001
Nassco lays a keel New Internet platform for terminals DPWN with new stake Thiel Logistik AG buys French GST HPH signs agreement to develop Yantian Phase III Moore Stephens says insurers must make greater use of risk analysis Jeddah-Dammam rail project Austria clamors for new rail tunnel through the Alps Connex, EVB and HGK cooperate ERS: Prague-Budapest shuttle

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NOVEMBER 26, 2001
Kværner struggles on Kværner's Board, in an extraordinary meeting last night, decided that operations can continue until shareholders vote over the proposed refinancing of the Group at an Extraordinary General Meeting on 29 November. Manitowoc to build two more buoy tenders The Manitowoc Company's Marinette Marine subsidiary has been awarded options to build two additional seagoing buoy tenders for the U.S. Coast Guard.

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Gulf tankers caught in hunt for bin Laden THE prospect of fugitives from the al-Qa'eda network - including Osama bin Laden - fleeing by sea from their disintegrating stronghold in Afghanistan has prompted US and coalition naval forces to strengthen their inspection of commercial vessels in the Gulf. Wilhelmsen warns off Carnival over counter-bid CARNIVAL Corp will face anti-trust trouble if it launches a counter-bid for P&O Princess, Royal Caribbean's strategic 24% shareholder Anders Wilhelmsen has claimed. India liner consortia form alliance to cut capacity TWO shipping consortia serving the India-Europe trades are combining to form a new alliance in a trade where freight rates have been decimated by over-capacity, reports ci-online . Frontline shares surge on Dr Peters VL cC deal FRONTLINE shares surged more than 17% on the Oslo Stock Exchange yesterday on the back of confirmation of a three ship sale and charter back deal.

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NOVEMBER 26, 2001
Star cancels Taiwan cruises Chile still cool on Bolivia plan Yantian Phase III deal signed Canada yard scheme wins first order Indian oil majors in VL talks RINA furious with back-stabbing MPs China's bankers face tougher market Iraq, UAE sign free trade pact USCG leads IMO security debate New tanker company formed in SA Dutch make way for foreign masters PPA move worries port users Crew fined in fishing boat collision Club warns on Romanian grain Marseilles dispute settled Action urged on Chennai crisis Puerto Rico in talks with port majors Kværner staves off closure New Indian maritime body proposed Drifting tanker secured Korean exports plummet Colombo container surcharge cut Chinese yards set to rival Korea's

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NOVEMBER 26, 2001
Bonner calls for security partnership, sets ACE timetable Customs Commissioner Robert C. Bonner called for the trade community to form a partnership against terrorism, and laid out a four-year timetable for completion of the Automated Commercial Environment. EU to ban coordinated box capacity cutbacks Regulators are set to outlaw coordinated capacity cuts by container shipping conferences in response to structural tonnage surpluses. United Arab line makes even dozen for Inttra United Arab Shipping Co. has become the 12th ocean carrier to join the multi-carrier ocean shipping Web portal. No alliance yet, lines say Dragonair deploys second freighter Strike over at Port of Marseilles Kuehne & Nagel acquires contract logistics company Delk new railroad security czar CSX unit boosts equity in HK container terminal developer BAX Global offers LCL service ValuShip sets launch for North Europe-US service Coyne Airways launches UK-Egypt freighter service Three garner Cargo 2000 accreditation

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Evergreen remplacerait les rotations TM par des services pendulaires En octobre dernier, nous annonçions l’intention d’Evergreen de remplacer ses services tour du monde eastbound et westbound par un concept de services navettes chaque fois limité à un très petit nombre de ports. Au dernières nouvelles, l’armement a bel et bien la ferme intention de mettre un terme à ses deux rotation TM,plus tôt que prévu, mais ce serait pour les remplacer par deux services pendulaires hebdomadaires. La mutation interviendrait dans le courant du deuxième trimestre de l’année prochaine. J. Schools: ”Van Hool est bien placé pour affronter la crise qui s’annonce” Van Hool enregistrera cette année-ci de “bons chiffres” compte tenu de l’annus horribilis qu’a connu le secteur. En 2000, le constructeur lierrois de bus et de semi-remorques avait dégagé un bénéfice de 2,2 mia. de BEF sur un chiffre d’affaires de 23 mia. de BEF. C’est ce que nous a déclaré Jef Schools, l’”assistant” de la direction générale - lisez l’éminence grise - de Van Hool. Selon lui, l’entreprise est bien placée pour affronter la crise qui risque de s’aggraver dans le secteur de la semi-remorque. Il prévoit par contre que plusieurs constructeurs de petite taille vont être balayés dans les mois à venir, et que dans bon nombre de cas, ils ne seront pas repris. On estime en effet qu’il y a actuellement en Europe une surcapacité de production d’au moins 10.000 unités, le marché étant cette année de grosso modo 80.000 à 90.00 unités. La Belgian Courier Association réclame la transparence des coûts du Belgian Post Group Les déclarations pour le moins contradictoires de l’administrateur délégué de La Poste (ou plutôt du Belgian Post Group BPG) Frans Rombouts concernant la fermeture envisagée de quelque 400 bureaux de poste ont entraîné, on le sait, des remous tels que le ministre fédéral des Entreprises publiques Rik Daems a demandé une étude urgente sur les comptes de la société. Elle doit être présentée au conseil d’administration de ce vendredi. La Belgian Courier Association se pose des questions sur la transparence des comptes de La Poste et donc du coût réel des activités de service universel. Bidvest va contrôler Jacobs Holdings Le groupe sud-africain Bidvest est prêt à déposer 30 mio. de GBP sur la table pour une participation de contrôle de 56,7% dans le groupe portuaire et de transport britannique Jacobs Holdings. L’opération ira de pair avec l’émission de nouvelles actions de Jacobs. Bidvest veut faire du groupe britannique un prestataire de services international. Jacobs Holdings est notamment spécialisé dans l’automotive logistics (Ontime Automotive), la navigation maritime (Dart Line) et la gestion portuaire (Thames Europort).

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NOVEMBER 26, 2001
Fred Cheng speaks out The man who so nearly caught the crest of the VLCC wave in 2000 has been talking about the mistakes he made. Ship sales boost Norden Profit on five vessel disposals accounts for over half result. Henriksen company takes Kvaerner stake Former Trader Navigation chairman Erik Henriksen has re-emerged with Monaco-based Sabaro. Kvaerner outlines shipbuilding strategy Norwegian group's prospectus for rights issue reveals latest plans for unwanted yards. Tanjung Pelepas share deal resurrected Malaysia Mining has moved back in for controlling stake in fast-growing boxship port. Aker top dog again as Kvaerner gets cash Troubled Kvaerner has enough money to last until shareholders' vote, as Aker Maritime builds stake further. Frontline shares rise 17% Cash boosting sale and charterback deal sets investors buying. Frontline VLCC suffers crankcase blast Two crewmen were injured following an accident aboard one of John Fredriksen's vessels. Wilhelmsen swaps OHT stake Interest in heavy lift market could lead to bigger stake in Dockwise. Singapore Shipping Corp profits inch up Shipping arm of the former Hai Sun Hup Group is expecting a dip in full year net profits. Profits up at Babcock Borsig Major shareholder in German shipyard HDW saw earnings rise in the year to September. Star to pull ship from Taiwan market Malaysian line is pulling single ship operation in favour of fly/cruise setup. Pertamina finally fixes VLCC Indonesian charterer ends seven-month search for time-charter tonnage search as rates sit at rock bottom. Safety ship plucks Russians from lifeboat A bulker from Safety Management Overseas has rescued 16 seamen from their disabled ship. Aussies eye asylum seekers cruise ship Authorities in Australia are considering chartering a passenger vessel to house illegal immigrants. Salvors secure suezmax adrift in Pacific A towline to an ex-Keystone tanker, which at one stage threatened the US coastline, has been re-established.