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Shipping News

Outcast Castor's 40-day ordeal close to end
[SINGAPORE] After 40 days, seven flag states, 1,000 km and a force 12 gale, the saga of the outcast tanker Castor is finally nearing a quiet end after the successful off-loading of its cargo in the open seas off Malta.
P&O Princess slips into loss in fourth quarter
New shipping recruitment firm set up in London
EC unveils plans to open ports to competition
Finalised condition assessment scheme in sight: Intertanko
Odfjell slips into the red

Air and Land Transport

Qantas expected to report flat profit for first half
[SYDNEY] Australia's biggest airline Qantas Airways is widely expected to unveil an uninspiring batch of first-half results on Thursday, as it grapples with higher costs and a hostile domestic environment.
Air New Zealand's H1 profit set to plunge
Atlas Air to revamp structure to holding company
Sabena pilots accept restructuring plan
Eurotunnel trims 2000 loss to 1.13b francs
Log Book

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Shipping News

Outcast Castor's 40-day ordeal close to end
[SINGAPORE] After 40 days, seven flag states, 1,000 km and a force 12 gale, the saga of the outcast tanker Castor is finally nearing a quiet end after the successful off-loading of its cargo in the open seas off Malta.
P&O Princess slips into loss in fourth quarter
New shipping recruitment firm set up in London
EC unveils plans to open ports to competition
Finalised condition assessment scheme in sight: Intertanko
Odfjell slips into the red

Air and Land Transport

Qantas expected to report flat profit for first half
[SYDNEY] Australia's biggest airline Qantas Airways is widely expected to unveil an uninspiring batch of first-half results on Thursday, as it grapples with higher costs and a hostile domestic environment.
Air New Zealand's H1 profit set to plunge
Atlas Air to revamp structure to holding company
Sabena pilots accept restructuring plan
Eurotunnel trims 2000 loss to 1.13b francs
Log Book

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FIEs will have to pay new tax Port of LA awards $78m contract Yusen, Liten strategic alliance Baltic Cargo Centre opens Dutch licence under threat Lockheed sets up Korean air traffic control system Qantas in the running for 25 pc stake in Air Niugini Fritz intent on defending lawsuit

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BIMST-EC members urged to form free trade area South Korea charges India with dumping cotton yarn V-Day demand nets 20 pc more sales for floriculturists Exports to China soar by 63.5 per cent Iran seeks collaborations with Indian firms Kandla Port now fully operational - Berthing restrictions to ensure safety Pipavav Port scales new heights in productivity Sathianathan to present paper at int'l Terminal Operations Conference 12 pc rise in traffic handled at Mormugao Port during April-Jan. 2000-01 Rail Terminal at Concor's ICD-Daulatabad, Aurangabad, operational First export train flagged off Cathay Pacific announces new service to Delhi Chinubhai Kalidass & Bros. moves first air cargo through ICD by road Apex chambers welcome CRR, Bank Rate reductions Maharashtra clears Tata consortium's LNG project Belgian tycoons keen on more units in Haryana FDI inflow up by 12 pc: Maran DEA sets up investor grievance redressal cell NCAER raises GDP growth estimate, pitches for tax cuts Exim Bank board clears overhaul plan CII demands 15-yr 100 pc tax holiday for core sector projects Experts give prescription to revamp India Un-Ltd Fieo portal to house members' Websites Final VAT norms on February 24

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FEBRUARY 19, 2001
Middle East prices bounce higher on cargo, avails Korea starts week with $3-4 price increase Singapore prices take off, expected to level out South European markets: IFO steady to soft, distillates firmer Brazil fuel oil starts firm, distillates soft Bullish crude after bombing in Iraq, OPEC talk of further cuts

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FEBRUARY 19, 2001
Cooperation between Fercam and M&M Netherlands: tests with eco-combis resumed RH group: change of partner in Germany Haugsted: new partners, new warehouse «Belgium-Lötschberg service» Eurotunnel registers an upswing TCDD makes for the East again Record with the SBB When the seminar is beamed down from cyberspace Controversial reservation agreement in Switzerland

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Capespan and Mersey tie the knot Containers get preference in Durban's R1,34bn upgrade plan Postal delay warning For the wharfage record Grindrod buys Inchcape SA Expert claims nuclear- carrying ships can't sink UPS denies rumours of Emery takeover Industry hits out at Portnet's 'number-crunching' tactics Three-phase plan starts with crane investment Letter 'Pilots don't take meal breaks' Portnet approves R10-m for PE port projects MSC Rosemary sets off on her final journey Customs calls off cash hall cricket match .. and sets up clearing agents' forum, writes Ray Smuts Dennewill retires having realised his dream 'ISO is an effective marketing tool' - SGS Stowaway chooses Portnet dredger in error Tanzanian ship hits double trouble Demand drives extra storeys at Durban car terminal New Fast Forward owners deny responsibility for ex-Transnet staff Duty shock greets Agoa textile hopeful New Portnet ombudsman will root out corruption Treble steam ahead for Hyundai

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FEBRUARY 19, 2001
RCL optimistic despite exodus Action urged on tunnel 'illegals' Tit-for-tat trade spat hits Santos MDD union does U-turn over La Salle Golden puts water under the bridge Anek-sation alright with Italy New state govt enters Bunfight Ship sinks after bulkers collide Frank Chao dies PNSC to seek foreign partner Oil storage setback for Trinidad Thailand promotes Trang Italian greeting KO's crane Cambodia denies smuggling ship link Capsized feeder righted SNCM sues ALN over bad vibrations Transhipment tussle in Trinidad New carriage of goods accord near Castor could be scrapped

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Quel sera l’impact du nouveau géant européen et mondial de l’acier sur les ports belges? La sidérurgie européenne vit elle aussi à l’heure de la globalisation. La tendance est aux fusions, qui doivent permettre de parvenir à une meilleure utilisation des capacités de production et à de nouvelles grandeurs d’échelles, qui seront à leur tour génératrices d’économies, l’objectif étant de devenir plus concurrentiel sur un marché européen et mondial particulièrement difficile. Après l’annonce du projet de fusion entre ThyssenKrupp et Avesta Sheffield-Outokumpu, toujours en cours de négociation, ce sont maintenant d’autres sidérurgistes européens qui annoncent leur intention de fusionner. Il s’agit d’Usinor (dont dépend Cockerill-Sambre), d’Arbed (dont fait partie Sidmar) et du groupe espagnol Aceralia. Ostende et Zeebrugge poursuivent leur coopération Les communautés portuaires d’Ostende et de Zeebrugge viennent de se rencontrer une seconde fois pour discuter de leurs intérêts communs et élaborer une stratégie visant à définir une meilleure collaboration entre elles. L’attention se porta surtout sur les nouvelles modalités de financement dans le secteur portuaire qui discrimeront les ports côtiers belges. TDG acquiert le néerlandais TCG Le groupe britannique de transport TDG (ex-Transport Development Group) a procédé à l’acquisition du groupe néerlandais privé TCG (Transportcentrale Gelderland). Le prix de la transaction se monte à 22,5 mio. de GBP (dont 8,6 mio. en cash et 13,6 mio. en reprise de dettes). Par cette acquisition, TDG se renforce une nouvelle fois dans le benelux, le groupe ayant déjà procédé à plusieurs acquisitions aux Pays-Bas ces dernières années. De Palacio plaide pour l’ouverture complète du transport de marchandises par le rail à la concurrence La Commissaire européenne aux Transports, Loyola de Palacio, a annoncé qu’elle présentera sous peu des propositions sur l’ouverture du marché du transport ferroviaire de marchandises et la promotion du cabotage. De Palacio a également laissé entendre qu’un mouvement de fusion ou de collaboration entre opérateurs ferroviaires européens serait une bonne affaire.

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FEBRUARY 19, 2001
Teekay profits reach $270m Aframax specialist reaps the rewards of higher freight rates and its fleet expansion. Chung Mong-hun in talks to save cruise deal Ex-Hyundai chairman heads for North Korea to discuss loss-making cruise venture. Kandla port re-opens berths India's busiest port has returned to some form of normality after last month's earthquake. Joywave crew living in 'pigsty' The crew of Cypriot-controlled cruiseship working in the Dominican Republic are begging to return home. Leif Hoegh doubles profit But Norwegian shipowner warns lower growth set to dampen positive trend this year. Onassis and Niarchos go CyberShipping Are two of the most famous names in Greek shipping getting back in the business? Renegotiations plague demolition markets Bangladesh is emerging as the only serious scrap buyer as embattled Indian breakers strive to knock down prices. Kurdish refugee ship mystery Illegal immigrant cargoship was axed by Bureau Veritas three years ago. DFDS offers share swap for LISCO Danish ferry operator DFDS is lining up options for Lithuanian Shipping Co shareholders. Restis shortlisted for Olympic Only one shipowner left as airline bid marathon enters closing stage. Offshore activity fuels Jaya profits A buoyant oil and gas industry has boosted profit levels at the Singapore conglomerate. Valles beefs up tanker orders John Koo is about to nudge up his tanker orderbook again on the promise of early delivery. USCG grab Atlantic Conveyor Hull cracks and multiple steel fractures lead to detention of Atlantic Container Line ro-ro.