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Shipping News

Local marine SMEs to be benchmarked
SINGAPORE's smaller marine-related companies will be put through a benchmarking exercise next month to measure how they fare against their global counterparts.
Johor Port denies plan to buy stake in Tg Pelepas
Huge forex gains boost RCL profit
Cargo ship runs aground off French coast

Air and Land Transport

Investigators search for clues; voice box found
INVESTIGATORS are studying the cockpit voice recorder of American Airlines Flight 587 to try to find out why the plane carrying 260 people crashed minutes after take-off from New York's John F.
Asian airline, travel stocks hit as hopes for rebound dim
Lufthansa board to cut its pay
Air China awaits green light for merger plan
DAT to resume normal schedule soon
Frankfurt airport traffic down

web site

Shipping News

Local marine SMEs to be benchmarked
SINGAPORE's smaller marine-related companies will be put through a benchmarking exercise next month to measure how they fare against their global counterparts.
Johor Port denies plan to buy stake in Tg Pelepas
Huge forex gains boost RCL profit
Cargo ship runs aground off French coast

Air and Land Transport

Investigators search for clues; voice box found
INVESTIGATORS are studying the cockpit voice recorder of American Airlines Flight 587 to try to find out why the plane carrying 260 people crashed minutes after take-off from New York's John F.
Asian airline, travel stocks hit as hopes for rebound dim
Lufthansa board to cut its pay
Air China awaits green light for merger plan
DAT to resume normal schedule soon
Frankfurt airport traffic down

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Maritime and Logistics Week ready for inaugural kick-off Questor Management invests $67.5 million in GeoLogistics JCP participates in Asean Ports Association Conference Panama Canal widening project completed a decade early New container steel launched New York crash latest blow to battered airline industry Japanese airlines in merger Belgian DAT launches own operations after Sabena fall SAS gets first Airbus A321-200

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NOVEMBER 13, 2001
Airbus cut production targets Lykes Lines launches North Europe?-sia link New ceo Hapag-Lloyd 12 per cent out at Austrian CSX: 50 per cent bookings online Vopak appoints Pruitt to executive board SAS proud with Airbus

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NOVEMBER 13, 2001
US to add 155 million barrels to SPR More berths now operational for bunkering at Yanbu Normal market reported in Chile New weekly bunker prices from Argentina Panama Canal avails tight, St Eustatius s/e Oil prices receive boost from US decision to increase Strategic Petroleum Reserve Brazil fuel oil firmer Singapore bunker prices slip in quiet market Bunker price indications from Russian ports Montevideo/Alpha Zone bunker price update Crude steady to soft as traders play the waiting game Rotterdam morning market report

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NOVEMBER 13, 2001
Werf & Vlasnatie and De Dijcker: joint venture A.S.R. Forwarding and Celtic Forwarding cooperate Le Havre: Port 2000 Three cranes for Bordeaux Rouen: more containers The 3rd Paris airport - away from it all! Capitol International ends Cooperation with Hydro Air Cargo Timetable for deepening of Melbourne shipping channels essential ASA scoops award in Australia Famous Pacific Shipping opens Beijing office

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Norway tax U-turn sparks ferry furore COLOR Line and Fjord Line are threatening to flag 11 ferries away from Norway after prime minister Kjell Magne Bondevik's new government overturned the previous Labour Party's budget pr... Dr Peters buys three Frontline VLCCs NORWEGIAN tanker giant Frontline has strengthened its relationship with German fund manager Dr Peters by selling three VLCCs in a charter-back deal, according to industry sources, writes Carly Fiel... Wärtsilä talks to Smiths over Lips deal LESS than a year after acquiring John Crane-Lips through its merger with holding company TI, Smiths Group has entered exclusive discussions with Wärtsilä Corporation over the disposal of ... Stena Bulk signs up to Recap Manager ONLINE shipping software provider chinsay.com has signed up Stena Bulk to its first commercial product, Recap Manager. Stena Bulk, operators of around 40 oil tankers, has adopted ChinsayR...

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NOVEMBER 13, 2001
Silversea cuts back on staff US river pilot probe intensifies Elcano eyeing Brazil tanker ops? Ferry snatch master fined Rotterdam reaches to Romania PNOC makes shipping u-turn Koper takes stance on Trieste Samsung profits up by a third St Petersburg channel cleared Scandlines' Nordö buyout off Thome dismisses tie-up talk Bulker aground near Piraeus Frontline eyes opportunities Oz owners seek asylum policy Seaway forecasts cereal growth Court to 'free' Daedong claim Four lines plan AACA pullout Behrendt confirmed for Hapag helm Human error led to grounding Wartsila set to buy John Crane-Lips

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NOVEMBER 13, 2001
OPEC cut new threat to tanker rates Supertanker freight rates, already at their lowest levels in more than two years, could plunge further as oil-producing countries prepare to cut production. Sept. swoon for air cargo U.S. carriers saw international freight slip 21.1% and domestic business drop 19.2%, according to the Air Transport Association. Cosco in new alliance The Cosco Container Lines arm of China Ocean Shipping (Group) Co. signed a global alliance agreement with four overseas shipping companies to operate joint liner services between the Far East and America and Europe. Airlines hit higher EU fees Senators offer truck rules compromise Loss for EGL Phoenix opens Shannon, Ireland office Feeder operator upgrades Singapore-India service Report OKs Houston box terminal Early West Coast labor talks hinge on arbitrator appointment WTSA sets wastepaper rates NIT League may admit carriers, intermediaries Consolidator indicted on hazmat charges

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Thiel Logistik reprend le transporteur français GST Le groupe luxembourgeois Thiel Logistik a acheté la totalité des actions de son collègue français GST. Thiel élargit de la sorte considérablement son rayon d’action, non seulement à la France mais également à l’Italie et de l’Espagne, étant donné que GST génère une partie importante de son chiffre d’affaires dans ces deux pays. Thiel Logistik mène depuis quelques années une politique d’expansin agressive, de sorte que ce groupe occupe désormais une position de taille sur le marché de la logistique en Europe continentale. Le transport aérien est trop important pour ne pas se remettre L’analyse rapide de la boîte noire ayant enregistré les conversations des pilotes de l’Airbus A300 d’American Airlines n’indique rien qui pourrait faire croire à une activité inhabituelle dans le cockpit avant l’accident. C’est ce qu’a déclaré un responsable du bureau d’enquête. La cause de ce qui semble bien être un accident n’est toutefois pas encore connue. Pour l’ensemble du secteur aérien mondial et pour l’économie, les experts ont intérêt à travailler vite et bien. Ikea confie une partie de son transport ferroviaire à Railog Railog, la joint-venture entre Deutsche Bahn et Schenker, a conclu son premier contrat externe. Elle intervient depuis peu pour la logistique du géant du meuble suédois vers l’Allemagne et l’Autriche. Une nouvelle à faire remarquer, étant donné que Ikea a créé en début d’année sa propre filiale ferroviaire dans le but “de se charger du transport ferroviaire pour influencer de la sorte le marché”. On n’a pas pu nous dire en Suède quelle sera la fonction précise de Ikea Rail à l’avenir. Et ce n’est pas tout, le manager Beijbom n’était pas du tout heureux que Railog a diffusé ce communiqué de presse. Chargeurs et opérateurs ont un rôle déterminant à jouer dans la progression du rail La 14e conférence-exposition “Intermodal 2001”, qui a ouvert ses portes lundi à Hambourg, a démarré sur une notre assez optimiste en ce qui concerne l’avenir de ce vecteur primordial pour l’intermodalisme qu’est le rail. Ce sentiment s’explique de deux manières. D’une part, les spécialistes et professionnels du transport terrestre sont de plus en plus nombreux à considérer que l’ère de l’interopérabilité qui s’annonce, constitue en fait la dernière chance pour le rail de s’imposer sur la scène du transport intra-européen, car via ce biais la Commission européenne va progressivement pouvoir surmonter l’obstacle des immuables compétences des Etats membres (du moins, c’est ce qu’on espère). D’autre part, il s’avère que les initiatives de grands chargeurs et opérateurs de gabarit international commencent à avoir un impact de plus en plus marquant tant sur les stratèges de l’UE que sur certains réseaux européens.

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NOVEMBER 13, 2001
MC Shipping hanging tough The Monaco-based shipowner has turned in its fifth profitable quarter. Stelmar books time charter for three Average hire for the three vessels is put at above $17,000 per day. Weak rates slash OSG's profits The tanker company's near term outlook remains bearish on possible further oil output cuts. RCL's new vessel cuts short NY visit The jetliner crash in Queens forced the largest cruise ship in the world to leave earlier than expected. Statia Terminals liquidates subsidiaries The transaction is expected to be completed in the first quarter of 2002. Cove Point LNG project under scrutiny The LNG terminal's close proximity to Calvert Cliff's Nuclear Power Plant is causing security concerns. Scandlines pulls Nordo Link purchase Ferry group refuses to meet competition authorities' conditions for takeover of Swedish owner. ACL chief sails for the sun Olav Rakkenes plans to retire to a quiet life in Florida. Arkona suffers engine-room fire Extent of damage to cruiseship unclear as passengers sent home early. Constanza attracts lone bid Few takers for sell-off of Romania's Saniterul Naval yard on the Black Sea. Unithai back in the black But currency gains and associated companies prove a lot more profitable than ship operating. Borgestad overcomes repair setback Norwegian owner reports higher profit despite losing 18 days off hire. Johor Port refutes Tanjung Pelepas merger claim Malaysian port has denied there are plans to link with neighbouring operation. Alstom plans shipyard spinoff Disposal of Chantiers de l'Atlantique to be revived once Renaissance problems resolved. Australian police check out U-Ming bulker Singapore-flagged capesize under investigation for hit-and-run incident on fishing boat. Barwil to acquire Norsk Hydro agencies Wilh Wilhelmsen wins more of the chemical giant's shipping business. IHI in shipbuilding joint venture Radical restructuring will transfer core yards to joint venture with Sumitomo. Wartsila mulls move for propeller outfit Finnish ship engine maker is considering buying its propulsion systems partner John Crane-Lips. Qatar Shipping dips toe into LNG New partner picks up stake in Indian gas import project Petronet LNG. Huge profit leap at Algoma Canadian tanker and bulker owner surges past last year's earnings figure, but good times could be over. Samsung sees third quarter profit jump US dollar newbuilding earnings inflate returns for Korean yard against weak Korean won. GMV predicts healthy profits Malaysian venture capital fund must build funds and performance before it goes after new business. Hanjin Heavy profits slump 61% Poor performance by construction arm drags down third quarter profits at Korean builder. Third quarter profits leap at RCL Thai feeder container line sees net profits increase 345% to THB 520m on hefty foreign exchange gains. Hong Kong holds seven Most ships detained by port state control authorities were for safety related deficiencies.