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Shipping News

Jurong signs up 2 regional feeders
THE newly corporatised Jurong Port is now officially open for business as Singapore's newest container handling facility, having signed on its first two regional container feeder lines.

Air and Land Transport

Cathay close to restoring full operations despite pilot action
HONG Kong airline Cathay Pacific said on Sunday it was cancelling only one flight that day, saying operations were barely disrupted at all despite continued industrial action by pilots.
US set to tell airlines to repair some older engines
MAS should not raise fares to Sabah, Sarawak: transport minister
Lower fares help boost ANA's domestic passenger traffic
Virgin Blue begins Sydney-Melbourne service

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Shipping News

Jurong signs up 2 regional feeders
THE newly corporatised Jurong Port is now officially open for business as Singapore's newest container handling facility, having signed on its first two regional container feeder lines.

Air and Land Transport

Cathay close to restoring full operations despite pilot action
HONG Kong airline Cathay Pacific said on Sunday it was cancelling only one flight that day, saying operations were barely disrupted at all despite continued industrial action by pilots.
US set to tell airlines to repair some older engines
MAS should not raise fares to Sabah, Sarawak: transport minister
Lower fares help boost ANA's domestic passenger traffic
Virgin Blue begins Sydney-Melbourne service

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JULY 16, 2001
Carrier competition hurts port productivity While most carriers and shippers agree that reducing the time containers sit in a terminal is an effective way to improve productivity, efforts to shrink it are often in vain. Continental profits plunge But the U.S.'s fifth-largest airline still managed to earn 74 cents a share. Global air cargo off in March The U.S. economic slowdown continued to be felt in March, as volume fell by 4.3% to 5.5 million tons compared to a year ago. Asian carriers back OOCL portal Cosco Pacific Ltd. and Malaysian International Shipping will invest in the CargoSmart Web venture. One dead in ammo fire at Sunny Point Trans-Logistics enters warehousing and distribution CNF takes $23M charge Guarnera new chair of WQIS BP, Clearcross sign logistics contract Singapore Airlines signs for A380 AISA meeting agenda includes intermodalism, Mexico Colombo transshipments rebound Iberia pilots call off strike Lessor, cargo carrier in freighter fight

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OOCL takes on Port of Riga P&O Nedlloyd web site boosts e-commerce London P&I Club reveals assets US Airways to remain intact DHL launches "return repair" service

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JULY 16, 2001
Dutch minister admits error in Betuwe line Strike Iberia stopped Vos Logistics take-overs in the Netherlands, Belgium, and Poland UPS may join Fedex in DHL complaint EU investigation into Sabena state aid Deutsche Post sells bulk transportation Benelux

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SeaCon signs fixed-day window agreement with JNPCT - Weekly service ex-JNP to Middle East & SE Asia India Steamship to replace ageing cargo ships Definitive dumping duty mooted on Chinese dry batteries Trade with China logs $ 60-m surplus Textiles, engg & chemicals formed 50 pc of exports Export Procedures Simplified India, 8 other nations move WTO against US - 'Byrd Amendment encourages anti-dumping cases' Bedi port handles transhipment vessel after 4 years ICICI-Kinfra eyeing Kerala minor ports development Paradip Port gets higher linkage for TNEB D. Vijayan Pillai appointed NMPT Secy Revised pact for Dhamra port awaits Orissa Cabinet's nod NSICT chief seeks safe ferry terminal at Gateway AP govt, Malaysian consortium to execute Vizag-Penang cable link Mitsubishi Corp plans to set up more cold storage facilities Karnataka team formed to negotiate on Bangalore int'l airport Inflation rate rises Govt to aim at big players in silo building Forex reserves swell up by $ 141 m Forex reserves up by $ 177 million to $ 43,455 million Int'l coir fair from Oct. 11 in Kochi CII bifurcates ASCON ESC business team for US

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JULY 16, 2001
Mostly softer trend in South European markets Market inch firmer in Fujairah ARA markets start week with sluggish demand Firm start to the week in Korea Singapore starts week with steady fuel oil, distillates softer

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JULY 16, 2001
Frontline gets NYSE listing Frontline Ltd. has been approved to list its ordinary shares on the New York Stock Exchange under the ticker symbol "FRO". Carnival unit sells two ships Carnival Corporation's Seabourn Cruise Line has sold its two 116-passenger cruise ships Seabourn Goddess I & II to a Norwegian investment group led by original owner Atle Brynestad New chairman for WQIS Thomas Guarnera, vice president of Mutual Marine Office (MMO), has agreed to serve as chairman of WQIS, the Water Quality Insurance Syndicate. ENSCO reports increased earnings ENSCO International Incorporated reported net income for the three months ended June 30, 2001 of $61.2 million

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South Korean: clean up after flash floods South Korean soldiers clean up debris in Seoul yesterday after flash floods lashed the city over the weekend, killing at least 45 people and leaving others missing. Photo: AP ... Panama investigates claims of fires on Ocean Glory I A LLOYD'S List report that arrested cruiseship Ocean Glory I suffered three fires on her short voyage from Lisbon to Dover has prompted flag state Panama to commission an investigation into t... Buoyant SCI plans major growth in tankers fleet RIDING on the back of outstanding results for the financial year 2000-01, and ignoring the projected global shipping slowdown, the Shipping Corporation of India has chalked out major expansion plan... Alliance frosty over Cho Yang resurgence ANY attempt by Cho Yang to restart longhaul shipping services will meet a cool reception from former alliance partners. Aspirations to re-enter the deepsea liner trades could also be stymied... Brussels holds fire on WTO complaint over Korean yards THE European Commission will not launch a World Trade Organisation complaint against South Korean shipbuilding practices until member states agree a defence mechanism for European yards during a tw...

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JULY 16, 2001
Scandlines slammed on safety issues Carnival sells Seabourn ships Ocean Glory I under arrest Taxi "not recommended" - Carnival Fire hits Maersk ammo ship Frontline heads for NYSE New service to halve transit time GESCO scouts for air partner Maritime UK's foreign earnings slip India follows Pakistans's lead Beijing Games bring boost for Korea MDD cleared to repair warships Focs top Asia detention league India Steamship to renew fleet ICTSI, Hutchison in Philippines jv Calcutta THC hike faces axe Aussie owners strike back Keppel clears way for bank bid Peru opens 'anti-foc' law review CCNI arm looks to port operations Lang joins Oz rail project Carnival passengers die in accident

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Vos Logistics acquiert Sigma-Trans, Kwimpex et Plutrans Vos Logistics est arrivé à un accord pour le rachat de trois sociétés, dont une belge et une “apparentée” en Pologne. La troisième est néerlandaise. Ces transactions renforcent le groupe néerlandais, qui est en passe de devenir un des plus grands du secteur du transport routier et de la logistique en Europe. Son parc se compose en effet désormais de plus de 3.000 véhicules moteurs et 6.000 semi-remorques, citernes routières et containers-citernes. Vos s’attend à réaliser cette année un chiffre d’affaires de 1,25 mia. de NLG (567 mio. d’EUR) avec environ 4.000 salariés. Wijngaard Natie reprend les activités containers et de vracs de Nedlloyd Road Cargo Deutsche Post vend les activités containers et de vrac de la filiale anversoise Nedlloyd Road Cargo (NRC) au manutentionnaire anversois Wijngaard Natie. Ce dernier développe ainsi ses activités de transport au niveau international et multiplie ses activités dans le marché des vracs. Pour Van Gend & Loos, cette vente signifie que l’entreprise se concentrera de plus en plus sur ses activités de base: le transport express et de colis. Les activités intermodales de NRC ont été transférées vers Danzas et le transport bâché et de vin vers Van Gend & Loos Euro Express. Nippress Continental Zeebrugge a fait faillite Le Tribunal de Commerce de Bruges a déclaré vendredi dernier la faillite de Nippress Continental à Zeebrugge. Cela signifie que l’entreprise n’a pu être sauvée de la débâcle du groupe britannique HR Holdings. Deux curateurs, Mres Missault et Van Volcem, ont été nommés. Ils vont tenter de vendre l’entreprise. Dans l’état actuel des choses, il n’est pas encore possible de dire si cela pourra être fait dans le cadre d’une vente coordonnée des branches britannique, belge et néerlandaise.

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JULY 16, 2001
Chiles Offshore Announces 2Q Results Study Culminates In New Tug Contracts Bollinger Delivers Bordelon Boat Amclyde Wins Contracts Washburn & Doughty Win Contract

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JULY 16, 2001
Matson liquidates Hawaiian subsidiary The primary components of the sale are the two Matson Services' tugs. UK detains 14 in June Five vessels were held over from the previous months. Equity analyst pushes Stelmar shares The company's outlook for volumetric growth in the refined product and export markets appears favourable. SCI in massive profit rise Indian owner's first quarter earnings soar, but dividend payout likely to disappoint speculators. P&O Princess targets German cruise market The new cruise line's fleet of one ship and two river cruise vessels will commence operation in June 2002. ENSCO's net income soars by 328% The company benefited from strong average day rates in the North Sea, Asia and Africa. Fearnleys predicts higher tanker rates Broker says spot market will recover from summer slowdown by late autumn. Large boxship rates start to tumble Howe Robinson says dramatic shifts are underway in the market, but the true picture has yet to emerge. Kartika Ayu arrested The scrap sale of an Osprey Maritime VLCC is stirring up tensions on the demolition circuit. Borgestad buys Westwood bulkers The Norwegian outfit will soon own two vessels it has been managing for US-based Westwood Shipping. Sugar ship proceeding to Iraq A Greek-managed vessel has been allowed to head into Iraq after initially being blocked by an international patrol. Solidarnosc sails south First Spitsbergen panamax on its way to Hamburg but cold coal war set to continue. Frontline set for New York share hike Big board listing boost for holders of 40% of tanker company stock. Maersk ship in ammunition alert Half mile safety zone imposed after fire on Military Sealift Command chartered vessel. Demolition market slumps Ship breaking yards are full, pushing prices down, but opinion appears to be split on when levels will revive. PSA ditches listing plans Singapore's port authority has officially shelved its much talked-up IPO amid talk of economic gloom. Korean ship sinks after LPG tanker collision A North Korean crewmember is missing, presumed drowned, after his ship sank in Japanese coastal waters.