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Shipping News

Asia continues to be hotspot for piracy
REGIONAL waters remain the world's hotbed of maritime piracy and armed robbery with hijackings, violence against crew members and use of weapons all up in the first six months of 2001 over last year, according to the International Maritime Bureau .
Wage discrimination exists aboard ships in Irish Sea: ITF
PSA gets nod for Belgian stake
Colombo port workers end five-day strike

Air and Land Transport

Cathay's profit for first 6 months forecast to fall 25%
CATHAY Pacific Airways is expected to report a decline in net profit in the first half to June of around 25 per cent with a decline in passenger and cargo loads reflecting the global downturn, analysts said.
British Airways' profit in first quarter down 49%
KLM to cut capacity in winter by 3%
Global Airlines makes US$9.8b offer for US Air
UK to order airlines to issue thrombosis alerts: report
Virgin Express plans second European hub amid competition

web site

Shipping News

Asia continues to be hotspot for piracy
REGIONAL waters remain the world's hotbed of maritime piracy and armed robbery with hijackings, violence against crew members and use of weapons all up in the first six months of 2001 over last year, according to the International Maritime Bureau .
Wage discrimination exists aboard ships in Irish Sea: ITF
PSA gets nod for Belgian stake
Colombo port workers end five-day strike

Air and Land Transport

Cathay's profit for first 6 months forecast to fall 25%
CATHAY Pacific Airways is expected to report a decline in net profit in the first half to June of around 25 per cent with a decline in passenger and cargo loads reflecting the global downturn, analysts said.
British Airways' profit in first quarter down 49%
KLM to cut capacity in winter by 3%
Global Airlines makes US$9.8b offer for US Air
UK to order airlines to issue thrombosis alerts: report
Virgin Express plans second European hub amid competition

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Guangzhou threat from Nansha ECUS/ECSA agreement files revised proposal GPA elects new officers PTP targets Malacca Jarrett to head Thomas Miller Emery to open multifunctional complex in Singapore UPS purchases Atlanta centre Holco takes AOM-Air Liberte under its wings Namibia expands Europe services

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AUGUST 6, 2001
P&O Nedlloyd: Rotterdam or London headquarters BA: warning and profits down BA and AMR try new alliance BA still wants a KLM stake KLM strikes winter flight 6.6 percent lower load factor KLM

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Capexil seeks duty-free natural rubber imports Bangladesh seeks Indian investments in 4 upcoming EPZs Dumping duty imposed on Chinese dry cells, batteries SRTEPC shows in Algeria, Morocco elicit excellent response Mundra Port-Adipur rail project nearing fruition Balakrishnan takes charge as Dy Chairman, TPT Minister: Inland waterways opens up vast opportunities for pvt. sector Forex reserves up by $ 45 million to $ 43,604 million Cotton yarn export norm eased for EPCG units NHB identifies 6 areas in TN for cold storages Golden quadrilateral contracts worth Rs 27,000 cr. finalised Need for EPZs as separate entities stressed CBEC clarification on service tax Commerce Dept's new strategy to spot export growth strengths Forex reserves swell by $ 78 m Inflation rate declines Tax on perks to take effect only from September Surge in non-food credit seen as recovery sign India may emerge as major pesticides producer ICAI accounting standard getting ready IT Ministry, CII task forces to boost hardware industry fortunes Fieo chief lauds SBI for reducing short-term PLR by 0.5 pc Foreign Trade Analysis: Current Policy & Procedures OECD survey sights US economic recovery

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K&N selects INTTRA Cho Yang sails again US economy impacts CP Ships' results Hamburg Süd: Modernizing its fleet Grimaldi: «Grande Italia» TT-Line: «Green» ship Schenker: terminal in Kufstein expanded Swiss-Austrian logistics cooperation: inet-logistics and Easy Systems Delacher: ISO norm 9001:2000 certification Lagermax introduces «netOrder»

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AUGUST 6, 2001
Manitowoc low bidder for new NYC ferries New York City Department of Transportation has announced that Manitowoc Marine, Marinette, Wis., is apparent low bidder for three new Kennedy-class Staten Island ferry boats. EC clears Dutch dredging merger The European Commission has approved the creation of a joint venture for the dredging activities of the Dutch companies Hollandse Beton Groep and Ballast Nedam. Petrobras contract for Stolt Offshore Stolt Offshore S.A. today announced a one-year extension of the current contract and the award of a new four-year pipelaying contract for the Seaway Condor from Petrobras in Brazil.

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AUGUST 6, 2001
Tay Yoshitani pulls his name from Port of Portland executive director race CSX Container ship stops in Olympia for up to six months of repair work Portland Shipping Club hosting 2nd annual Family Day Picnic at Oaks Park Sluggish coal numbers fail to push rail traffic counts up in July Crowley tugs earn honors for fast action to head-off tanker/fishing vessel collision

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Giant crane squeezes through the Bosporus THE world's largest floating crane passed through the centre of Istanbul yesterday, on the last leg of its voyage to the Black Sea where it will lay the pipelines for the Blue Stream project,... NYK and Swan link reefer fleets to take on rivals NIPPON Yusen Kaisha and Swan Reefers are combining their fleets of conventional refrigerated cargoships to form a pool that will rival the two industry leaders in terms of capacity. The new... NYK targets $160m cost cuts to combat weakening freight rates NIPPON Yusen Kaisha has kicked off its 'Plan C' in an effort to cut costs by ¥20bn ($160m) to save its bottom line from being hit by weaker freight rates. The cost-cutting Japane... HHI clinches milestone FPSO order HYUNDAI Heavy's offshore division has won a massive turnkey project from ExxonMobil for a $780m floating production storage offloading vessel destined for Angolan waters, writes Matthew Flynn. ...

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AUGUST 6, 2001
Fire kills four at Hyundai Mipo Judge restricts Glacier Bay calls Cunard slashes shore staff Talks underway on Ocean Glory crew Hesse Noord Natie cleared to go EC demands French subsidy refund Q-Ship steams ahead with expansion SLPA shifts its stance Lines agree on Fujian levy Hub move hangs on new Iran cabinet PPA to bring in annual permit plan Sanctions-busting crew saved CMA CGM launches West African link Swan, NYK form reefer JV Athens dithers on Hellenic bids Coal hitch delays Ennore opening Azipod breakdown impedes Vision Marsaxlokk picks up the pieces Chinese trade roars ahead Chilean port conflict to sharpen

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AUGUST 6, 2001
BA operating profit dives Mad cow, slowing economy hit the airline's first quarter results. Merchandise fee survives in patients' bill The Patients' Bill of Rights passed by Congress include extensions of the import fee opposed by trade groups. Tanjung Pelepas to add 7M TEUs The $790 million project will add six wharves at the Malaysian port. Transport investment fund attracts $700M Emery Worldwide breaks ground for Singapore hub Industry groups oppose U.S. textile protection Cargo surges for La. port Interpool plans stock sale Sri Lankan port strike ends US-S. America service seeks to expand service

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Coscon va harmoniser son service européen à l’échelle de PC de 5.400 TEU L’armement Cosco Container Line (Coscon) réceptionne progressivement sa nouvelle génération de PC de 5.400 TEU. La première unité d’une série de sept, le “Cosco Shanghai” vient d’entamer son mainden trip au départ de la Chine à destination de l’Europe, car ces unités sont pour l’instant destinées à être affectées au service hebdomadaire que l’armement assure sur cette route. En d’autres mots, Coscon va donner une nouvelle dimension à son service ce qui devrait être réalisé d’ici 7 à 8 mois. Hesse Noord Natie devrait passer sous contrôle PSA en novembre Les jeux sont faits. Le conseil chargé de la concurrence ayant donné vendredi dernier son feu vert sans aucune restriction à la fusion des deux plus grandes entreprises de manutention portuaire anversoises, la Hessenatie et la Noord Natie, cette fusion devient donc effective. En fait il ne s’agit plus que d’une formalité, toutes les dispositions techniques, administratives et juridiques ayant été prises au cours des mois précédents. Reste maintenant la dernière étape d’un processus entamé il y plus d’un an, à savoir la prise d’un contrôle majoritaire par le groupe singapourien PSA Corp de la nouvelle entité Hesse Noord Natie s.a. Cela devrait être réalisé dans le courant du mois de novembre prochain. Universal Express devient le partenaire belge de 24plus Le réseau allemand de PME du transport routier 24plus a signé un accord selon lequel Universal Express, une des filiales du groupe Ziegler, devient son partenaire pour la Belgique. Ce groupement d’entreprises indépendantes n’y avait pas encore de correspondant, tandis que l’entreprise belge peut désormais couvrir en messagerie/groupage toutes les destinations en Allemagne, ainsi que certains autres pays au travers d’autres adhérents étrangers de 24plus. Le partenariat a été entamé le 1er août. Rail/route: la France pourrait modifier sa politique d’aides Le quotidien français “Les Echos” a indiqué dans une édition récente que le gouvernement français veut réduire drastiquement ses aides au transport combiné rail/route. Déduction faites de la TVA, les aides que la SNCF perçoit de l’Etat à ce titre, passeraient ainsi de 500 millions de FRF (76,22 mio. d’EUR) en 2001 à 200 mio. de FRF (30,5 mio. d’EUR) en 2002, ce qui correspond à une réduction de 60%. Même si ce qui ne serait plus donné d’une main au rail/route, pourrait l’être de l’autre, cette perspective apparaît comme un vrai coup dur pour la SNCF, dont les résultats en combiné sont loin de répondre aux attentes.

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AUGUST 6, 2001
Fredriksen rings NYSE closing bell The Norwegian tanker king was in New York to celebrate Frontline share transfer to NYSE. Maritime insurance firm again posts strong results All business units benefited from improved shipping prices and terms in January-June. ResidenSea takes charge of The World About 80% of apartments and suites onboard the luxury ship has been sold or reserved. Silver lining seen in bearish cruise market outlook Cruise operators are cutting unit cost and postponing delivery of new ships due to overcapacity concerns. Grindrod looks to fleet expansion South Africa's Grindrod is eyeing up the handysize product and bulker market for possible fleet additions. Florida ports unaffected by Tropical Storm Barry The first storm of the season intensified to near-hurricane strength Sunday. Eletson sees tanker rates slow Greek owner Eletson says its second quarter results reflect the "slowing of a very strong tanker market". General Dynamics extends Newport News offer About 21,598,621 shares of the shipyard have been tendered so far. ANZDL and Contship move to Tampa CP Ships brands shift headquarters to Florida. Star and NYK jump into new pool The Norwegian and Japanese owners create world's second-biggest reefer fleet. Sterling's wings clipped First the helicopter, then the private jet. Will Lord Sterling be forced to resort to a P&O ferry next? Stolt Offshore wins new Petrobras contract The pipeline-laying vessel Seaway Condor will continue to work off Brazil for another five years. HBG to face the music Dutch group to meet irate investors who questioned its decision to merge dredging unit with Ballast Nedam. LNG carrier and bulker collide One seafarer is missing after a collision between a British Gas-owned LNG carrier and a bulker. HMM poised for fresh debt pay downs Financial advisors to Hyundai Merchant Marine are due to finalise debt repayment plans within weeks. Oil smuggling tanker sinks in Gulf Crew rescued from sinking vessel illegally carrying Iraqi crude. Hyundai wins $800m ExxonMobil FPSO order Korean yard to build massive floater for US oil major's Angola project. CMB wins approval for terminal merger The Belgian group's Hessenatie operation is linking with Noord Natie ahead of a sale to PSA. Samsung inks SK Shipping VLCC orders Korean shipbuilder finally confirms contract for four VLCCs from domestic owner. Rosyth Dockyard to cut 360 jobs Scottish yard cuts workforce after valuable submarine refit contracts expire.