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Shipping News

IMO urged to change to keep up with the times
IN an uncharacteristic criticism of the International Maritime Organisation , Maritime & Port Authority of Singapore director general Chen Tze Penn called on the United Nations agency to 'reinvent itself and become more pro-active and responsive to changes', after four decades of existence.
US West Coast ports set to open after 36-hour lockout
EU may take row with Seoul to WTO
Wallenius to launch 2 services through S'pore
Almost 700 feared drowned in Senegal ferry disaster

Air and Land Transport

Delta sees US$350m loss, 1,500 more jobs to be cut
DELTA Air Lines expects to lose about US$350 million in the third quarter - nearly twice as much as previously expected, because of sluggish revenue and demand - the carrier said last Friday.
Bombardier to sell C$5b of assets, cut jobs
China Airlines expects record cargo revenues
Domestic Myanmar carriers to charge in local currency
China, Russian republic open direct air route
SAS in talks to lay off 320 pilots

web site

Shipping News

IMO urged to change to keep up with the times
IN an uncharacteristic criticism of the International Maritime Organisation , Maritime & Port Authority of Singapore director general Chen Tze Penn called on the United Nations agency to 'reinvent itself and become more pro-active and responsive to changes', after four decades of existence.
US West Coast ports set to open after 36-hour lockout
EU may take row with Seoul to WTO
Wallenius to launch 2 services through S'pore
Almost 700 feared drowned in Senegal ferry disaster

Air and Land Transport

Delta sees US$350m loss, 1,500 more jobs to be cut
DELTA Air Lines expects to lose about US$350 million in the third quarter - nearly twice as much as previously expected, because of sluggish revenue and demand - the carrier said last Friday.
Bombardier to sell C$5b of assets, cut jobs
China Airlines expects record cargo revenues
Domestic Myanmar carriers to charge in local currency
China, Russian republic open direct air route
SAS in talks to lay off 320 pilots

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SEPTEMBER 28, 2002
OOIL chairman urges more co-operation with PRD Kuehne & Nagel expands in Central America Schenker opens Scandinavian and Baltic support centres Dragonair posts double-digit increase in cargo traffic China's aviation authority orders checks on pumps Delta close to joining GF-X British Airways to suspend Charlotte services

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SEPTEMBER 27, 2002
'US airlines to $8 billion loss in 2002' The US airline industry could easily lose $8 billion by the end of 2002, exceeding the record-breaking losses of 2001, the Air Transport Association said: $1.5 to $2 billion in the third quarter and $2.5 to $3.5 billion in the fourth quarter. Again loss and work force reduction Manugistics Manugistics, provider of logistics software, said in its fiscal second quarter ended August 31, 2002, total revenue in decreased 6 percent sequentially to $69.9 million from $74.6 million for the Company's first quarter. Airports slams ending of EU help Some airports could be forced to shut down if the European Union presses ahead with plans to end government-backed insurance guarantees. EU against South Korean tankers Europe must close its ports to tankers and container ships built in South Korea with heavy state support. United's unions agree $5bn wage cut The six biggest unions at United Airlines have offered to make wage cuts totaling $5 billion over the next five years, falling short of the $9 billion that had been sought by executives and raising the prospect that United may still file for bankruptcy this autumn.

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Wilson Logistics Group acquires Swedish air and seafreight group, Exceed AB Malaysia scouts for joint ventures to refine crude palm oil in India East African envoys invite investments in core sectors Dumping probe into imports of steel from Canada, EU India to sign trade pact with Afghanistan Brazil becomes largest market for pharma products in Latin America ICD box cost slashed in Mumbai Port Attestation to CCTPL's commitment to develop Chennai into Hub Port Task force's report highlights benefits of negotiable warehouse receipts system HK-based NRIs eyeing BL stake Good response to BL's CFS tie-up plan China corners 90 pc of global market in container production DGAD for imposing dumping duty on polyol Urea imports total 2 lakh t. in 2001-02 Promotion council for SEZs under study Govt may fix minimum price on import of 600 mm width tinplates too Maruti predicts 150 pc rise in exports FDI inflows total $ 2.68 bn during January-July Bengal keen on 3 AEZs Basmati exporters roused by fresh aroma in Pusa Sugandh 2 & 3 No chillies AEZ proposal received: Spices Board Focus group formed to study offers under GATS Reserve Bank elaborates on forex release Chemical industry logs 9 pc growth Bank strike likely tomorrow

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SEPTEMBER 27, 2002
Civil unrest hits bunkering on the Ivory Coast African market snapshots More US-bound oil from Russia Rotterdam steady at lower levels this afternoon People news from Bunkerworld US Gulf reopens after storm Syrian crude exports up MPA introduces new initiatives to enhance Singapore's bunkering services Tanker movements imply oil stockpiling in case of war Firm prices amid tight avails in the Pacific Northwest

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SEPTEMBER 27, 2002
WOW alliance launches third joint product MARCO and JSG to increase bunker adjustment factor Schenker establishes new joint venture in Japan Ecu Line to Malta and to Vera Cruz Messina strengthens position in Africa A new port for Morocco Ecotrans Ltda. plans joint venture in Brazil "Norasia Engaldina" pays its first visit to Khorfakkan Container Terminal

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Anger mounts as ferry toll rises HUNDREDS of passengers' bodies, including many schoolchildren, were retrieved at the weekend from the River Gambia after the Senegalese ferry boat Joola capsized on Thursday in a coastal storm. Class societies get tough on flag states as IACS pair drop Cambodia TWO leading classification societies are to stop work for the Cambodian register in the first clear sign that class is now ready to distance itself from the most controversial flags, writes Nigel Lowry.

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SEPTEMBER 27, 2002
US Customs signs up Japan Koreans walk out of subsidy talks Adelaide bids to beat Melbourne Security tax hurts Spanish ferries Turkmen gas interests operators USWC dockers to slow handling Egyptians warn of 'street lawyers' ITF demands Al Najat prosecutions Philippines proposes trade solution Guangzhou moves into logistics Payer warns of low tanker standards Greek ports bury differences Malta Drydocks signs megayacht deal Council sued over logger grounding Port plan to beat S African strike Urenda's CCNI eyes Antofagasta Australian crews back in favour Barcelona signs Latin links SSW files for insolvency

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SEPTEMBER 27, 2002
Lock-out at West Coast ports Waterfront employers shut down all West Coast ports Friday night following alleged work slowdowns by union dockworkers. Gulf ports re-open after storm Ports from New Orleans to Mobile re-opened Friday after Tropical Storm Isidore brought heavy rain and flooding but little damage to Gulf Coast docks. AA Cargo to stop service to 8 cities The freight closings are in Memphis; Moline, Ill; New Orleans; Portland, Ore.; San Diego; Springfield, Mo.; and Calgary and Vancouver in Canada. UPS completes $1 billion expansion in Louisville Correction - American Airlines surcharge Danzas plots worldwide airfreight strategy Polar Air Cargo appoints Japan GM BAX Global opens Ningbo office Clear track for HK-China port rail link Remarks flare Bangladesh box hub protest Schenker expands Japan business Freightgate boosts NVOCC's Web ops Vector SCM names Herzog

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SEPTEMBER 28, 2002
IFB sera intégré rapidement dans B-Cargo “Si ABX ne figure pas en tant que tel dans le nouvel organigramme de la SNCB - IFB, par contre, étant bien repris dans le département marchandises avec B-Cargo -, c’est parce que je suis encore occupé, avec Etienne Schouppe, à voir si les synergies possibles justifient une participation encore aussi importante de la part de la SNCB. Ce processus est donc en cours et l’on en saura davantage à la fin du mois d’octobre.” C’est ce qu’a déclaré Karel Vinck, administrateur délégué de la SNCB, au cours de la conférence de presse de présentation de sa nouvelle équipe de direction. Liner: la “quatrième révolution” des PC de 15.000 TEU à l’horizon 2020 Des porte-containers de 15.000 TEU, des services tour-du-monde opérant sur l’axe équatorial, des terminaux flottants uniquement axés sur des transbordements de navire à navire et des portiques d’une capacité de 500 tonnes capables de manutentionner des unités blocs de 4 à 48 TEU et atteignant ainsi des rendements de 1.000 TEU par heure. Tel se présenterait le liner containérisé vers 2020 après sa “quatrième révolution”, du moins s’il faut en croire les théories du professeur américain Asaf Ashar du National Ports & Waterways Institute de l’université de New Orleans. Il devait normalement présenter un papier sur ce thème lors de la sixième conférence de l’IFPCD qui s’est terminée jeudi dernier à Anvers, mais il s’est vu contraint de renoncer en dernière minute à ce déplacement. Le PE vote l’élargissement de l’utilisation obligatoire du limitateur de vitesse Le Parlement européen vient d’approuver le rapport de son rapporteur Konstantinos Hatzidikis (parti populaire européen) au sujet de la proposition de la Commission européenne sur un élargissement de l’obligation d’utiliser un limitateur de vitesse dans les camions légers de 3,5 à 12 t et les bus pesant entre 5 et 10 tonnes (voir LL du 19/09/02). Le texte doit encore être approuvé par le Conseil, mais il ne s’agirait que d’une formalité. La VBR plaide pour une nouveau programme de déchirage “Une solution à court terme des problèmes actuels de capacité dans la navigation intérieure passe par un nouveau programme de déchirage. Pour accélérer les choses, il faudra se tenir au texte de l’ordonnance européenne .” Voilà la thèse que devait défendre Karel Verberght, le vice-président de l’Union des Armateurs belges de la Navigation fluviale et rhénane (VBR - Vereniging Belgische Reders der Binnen- en Rijnvaart), vendredi soir lors d’une réunion de bateliers à Anvers, co-organisée par le Bond Vrije Schippers et le BBT (Beter Binnenvaart Team). Le dossier de la suppression de l’interdiction de naviguer le dimanche devait également être abordé.

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SEPTEMBER 27, 2002
Hyundai Mipo inks $280m tanker deals Chemical tanker demand still strong as UK and Iranian shipowners order up to 11 ships. QM2 will go to the Olympics Cunard and Athens organising committee finally agree charter for $800m flagship. Moscow River to deliver oil from Murmansk The aframax will be the first to carry Russian crude oil from Murmansk port to the US on 3 October. EU to take Korea to WTO European Union poised to restart subsidies as shipbuilding talks finally break down. EU's shipbuilding subsidy decision gets backing Community of European Shipbuilders' Association expresses approval of EU's decision to take case to WTO. Frontline to extend equity swap deal Bank contract allows tanker owner to take a punt on share price recovery. Navrom increases slim profit Rump fleet of Romanian cargoship owner pushed up earnings six-fold in the first half of 2002. IOC seeks VLCC cover Indian Oil Corp want to time charter large tanker tonnage as its trade increases. OSG retains BB+ rating S&P endorses strong financial position despite share buyback plan. Star signs with Dobson for Great White five Norwegian reefer owner places new acquisitions under wing of Cyprus-based ship manager. Gothong clan revives inter-island ambitions Philippine family goes head-to-head with former partner WG&A's Cebu Ferries. Teekay confirms aframax newbuildings Rumours rife that owner is holding huge tranche of options. China Shipping takes on big debt Chinese giant will use loan cash to expand Hong Kong-listed China Shipping Development. Indian yards get five-year subsidy boost Government extends 30% price handout for shipbuilders. Izar and Rolls-Royce in short-sea tie-up Anglo-Spanish alliance has developed a high-speed ro-ro design for the European market. Hanjin adds China link South Korean operator has added the port of Xiamen to its Pendulum Express service.