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Shipping News

Lewek finds niche in offshore industry support
WHILE the slowdown has hit many areas of shipping hard, one niche service is seeing a relatively new Singapore operator build capacity fast to catch up with booming demand.
Underwriters too hasty to label Sri Lanka a war risk zone
Daewoo keen on Daedong Shipbuilding
Daewoo Shipbuilding gets nod to end debt rescheduling pact

Air and Land Transport

One-off gains help limit China Southern's hefty fall
CHINA Southern Airlines, China's largest carrier, yesterday reported a hefty 42 per cent drop in its first half net profits, saying that higher operating costs, particularly for fuel, were largely responsible for the fall.
Rolls-Royce H1 profit up 4-fold on engine part sales
Major US carriers meet deadline for flight recorder update
Delta caps travel agents' commissions
Kenyan airlines suffer costly bird strikes
Loog Book

web site

Shipping News

Lewek finds niche in offshore industry support
WHILE the slowdown has hit many areas of shipping hard, one niche service is seeing a relatively new Singapore operator build capacity fast to catch up with booming demand.
Underwriters too hasty to label Sri Lanka a war risk zone
Daewoo keen on Daedong Shipbuilding
Daewoo Shipbuilding gets nod to end debt rescheduling pact

Air and Land Transport

One-off gains help limit China Southern's hefty fall
CHINA Southern Airlines, China's largest carrier, yesterday reported a hefty 42 per cent drop in its first half net profits, saying that higher operating costs, particularly for fuel, were largely responsible for the fall.
Rolls-Royce H1 profit up 4-fold on engine part sales
Major US carriers meet deadline for flight recorder update
Delta caps travel agents' commissions
Kenyan airlines suffer costly bird strikes
Loog Book

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OOCL and Freightliner sign train contract RCL reports profit drop for first half of 2001 Ministry authorises extension of Quai des Ameriques Northport invests in super post-panamax equipment P&ON sees profits rise SAS contests authority block of Braathens acquisition China Southern purchases still to be approved Profit for loss-making Air China US international air traffic experiences strong growth Canada first for North America-India flights

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AUGUST 23, 2001
Lufthansa loss, expects full-year profit Roadway to acquire Arnold Industries Schiphol to win Malaysian order OTAL appoints new agent in Scandinavia Boeing expands maintenance Lykes Lines African upgrade Environment certificate for Hapag-Lloyd-Ships Descartes loss and new COO

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MANSA President highlights current shipping scenario Silver Jubilee Year from November 2001 - 23rd AGM of MANSA held in Mumbai Probe into Korean yarn dumping mooted Dumping probe launched into steel imports MEA seeking to play bigger role in promoting trade Exports bolster sales growth of pharma companies Silk exports hit by DEPB sops delay South Indian tea exports to US, UK & Pakistan spurt IWAI seeks share of fuel cess to develop inland water transport KRC to transport freight from 3 Major Ports CII survey sees improved business situation from July - Higher export volume, value expected Govt preparing medium-term coffee export strategy Jaitley stresses need for competition law & policy Customs duty on synthetic textile machinery may be cut Only 47 of cleared FDI proposals actually implemented Proposals worth Rs 135 crore cleared Tarun Das to stay at CII helm for 3 more years R. N. Malhotra to be Rail Board chief

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AUGUST 23, 2001
Change in IPE trading hours US Gulf: Prices rise on high resupply costs Rotterdam market steady on average demand Piraeus strike over, avails still tight Avails remain tight in Genoa, resupply soon Gibraltar deliveries clear, market softer Softer prices on sluggish market in Singapore Storm hits Japan, bunkering operations OK Sluggish market in Korea Some tight IFO380 in Hong Kong, resupply expected soon

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Florida Special DB Cargo: two new intermodal trains from Regensburg Multimodal terminal in Lelystad Fourth overpanamax portal crane for Fos Honfleur handles more Canon La Rochelle and Rochefort launch Enviroport Bordeaux: ISO norm 9001-2000 Airport of Toulouse: ISO 9002 Giraud takes stake in EB Trans BNSF and NS still together

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AUGUST 23, 2001
German cruise ship visits Portland as part of West Coast swing Pair of Washington state residents named to US Commission on Ocean Policy Panama Canal Authority ads Virtual Newsroom in honor of canal's 87th Anniversary Trade commission finds imported steel rod harmful to U.S. industry Republic of Korea working to improve downgraded FAA safety standard

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Genova, i privati in campo Zara, presidente Assindustria, lancia un appello per accelerare la realizzazione delle infrastrutture A Mariotti maxicommessa da Radisson

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Jones resurfaces after fixed premium debacle JONATHAN Jones, one of the most familiar names in the London marine insurance market, has resurfaced after six months' enforced 'shore leave', writes James Brewer. He has j... Hutchison box traffic hit as slowdown bites THE WORLD'S largest port investor, Hutchison Whampoa, has seen an alarming slowdown in its box volumes in Hong Kong, Shanghai and the UK in the first half of this year. It was clear ev... ClassNK chairman warns on unlimited liability A strong warning against the adoption of unlimited liability provisions for traditional ship classification societies has come from the honorary chairman of ClassNK. Writing in today's... Clarkson yet to sign up to use LevelSeas site H CLARKSON, London's biggest shipbroker and founder member of online chartering venture LevelSeas is the only first round investor not yet signed up to use the service, writes Neville Smith....

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AUGUST 23, 2001
Portnet unveils new structure Evergreen to resume Colombo calls Most of China's oil to go foreign Taiwan exports plunge HK X-rays spotlight smugglers Eurocrat sparks dockers' anger One dead, two hurt on tanker Single office for seafarers' affairs Mombasa takes action on piracy TEF to start passenger service Investor says Almskog must go Virgo legal battles mounting China hints at trade peace with Japan Piraeus strikes deal with MSC $7M redevelopment for Ajman PNG gas attracts Japanese trader Samsung to repay $311M debts HMM ships more gas 'Sly protectionism' costs NZ dear Unions unite against Trico Daewoo creditors agree restructure Mexicans threaten US rice blockade Vale's China link boost for bulkers Mooring line kills port worker FMD threatens Zimbabwe exports Tide turns for Beirut activity

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AUGUST 23, 2001
Hamburg sees first-half box record Container traffic led gains across all categories. Kaohsiung upgrading logistics Taiwan's largest port plans a wide-ranging program to improve supply chain management and revamp port administration. Okinawa a Taiwan-China airbridge? Taiwan businesses see the island as a stopgap solution for cross-strait trade. Eight more file for Colombo surcharge APL and Hanjin are among carriers looking to cover soaring Sri Lanka insurance costs. Port Everglades ends 43-year tug monopoly Bayonne modifies blasting proposal for N.Y. Harbor Report urges speed limits to reduce whale deaths Lykes Lines upgrades U.S.-Africa service Cho Yang revival doomed? CP Ships shares sink in first-day trading BNSF, shippers to build Houston rail line Bush invokes emergency export controls EXE appoints Lackey CTO FAA OKs paperless inspection manuals

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Europe-Far East: que sortira-t-il des grandes concertations de septembre? Le mois de septembre sera marqué par deux grands rassemblements, tous deux axés sur l’évolution de la situation concernant le trafic containérisé Europe-Far East. Yokohama sera le théâtre de la réunion des chargeurs asiatiques, européens et nord-américains. Shanghai verra une grande réunion des membres de la FEFC qui devra également mettre en place une nouvelle structure. Dans le premier cas, il s’agira de prendre position vis-à-vis des décisions que prendrait la FEFC en matière de réduction de la capacité. Dans le second, les membres de ladite conférence devraient se prononcer sur la manière de le faire. MAN Nfz pèse sur le résultat du groupe Le constructeur allemand de poids lourds et de machines MAN a vu son bénéfice avant impôts régresser à 155 mio. d’EUR au premier semestre de l’année, contre 440 mio. d’EUR à l’issue des six premiers mois de 2000. Le CA du groupe a baissé de 8,29 à 7,33 mia. d’EUR. La faiblesse du marché des poids lourds et les coûts élevés dans la division de camions seraient à la base de cette évolution. Anvers en hausse de 3,6% à la fin juillet A l’issue du septième mois de l’année, le trafic maritime au port d’Anvers enregistrait une progression de trafic de 3,59% à 76,14 millions de tonnes, ce qui témoignait d’une très légère accélération par rapport à la hausse de 3,3% notée à la fin du premier semestre. On est cependant encore loin du score de +5,5% qui avait été enregistré à la fin mai.

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AUGUST 23, 2001
Virgo free to go for a price The bond has to be sufficient to cover potential damages for the victims' families and fishing boat owner. Disney Cruise confirms new vessel talks The new cruiseship is expected to be larger in size than the existing fleet. Japan yard stocks rally on back of tech woes Mitsui reaches four year high as investors opt for old economy stocks over volatile technology shares. Smit to dish out cost-cutting measures The Dutch-based marine salvage company will reduce its staff worldwide by 275. DFDS counts cost of foot and mouth Denmark's DFDS adjusts down year-end forecast as foot and mouth effects begin to bite into results. Hapag-Lloyd wins Altenwerder approval EC green light for container line's stake in post-panamax terminal at Hamburg. Windstar ships detained Two yachts of upmarket cruise line run into ISM trouble on the same day. Salmonella ship free to sail Norwegian inspectors will not detain a cruiseship onboard which serious food poisoning broke out. Tropical Storm Dean to skip Florida The fourth storm of the season is likely to turn into a hurricane Friday. ADCL boxships to be sold at auction A Gibraltar court has finally given the go ahead for the sale of seven arrested 1,388-teu containerships. MISC eyes fresh LNG newbuildings Malaysia International Shipping Corp wants more of the LNG pie, but can it be commercially competitive? Farstad pre-tax profits more than double Increased market activity and disposal bolsters second quarter figures at Norwegian offshore vessel operator. Daewoo exits debt workout program Strong interim performance convinces creditors South Korean yard can stand on its own two feet. BHP ups LevelSeas stake Australia's BHP Billiton is showing confidence in online chartering provider LevelSeas.