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Shipping News

Use S'pore as test-bed for new marine technologies
SINGAPORE should be used as a 'test-bed' for new maritime technologies, an international marine research and development conference was told yesterday.
15,000-TEU ships technically possible
Hong Kong port container volume down for 5th straight month
3 chemical tanker giants combine European fleet
China begins long-delayed work on Yangtze terminal
Wreckage discovered with help of modern technology

Air and Land Transport

Adopt e-business practices, logistics industry urged
THE transport and logistics sector was urged yesterday to intensify efforts to look for innovative ways to transform itself into e-businesses.
Swissair units need 204m euro bail-out
Wuhan Airlines merger talks at crucial stage
Rolls-Royce eyes defence work worth US$1b
UAL chief resigns after unions call for him to quit
PAL starts Taipei to Shanghai service via Manila

web site

Shipping News

Use S'pore as test-bed for new marine technologies
SINGAPORE should be used as a 'test-bed' for new maritime technologies, an international marine research and development conference was told yesterday.
15,000-TEU ships technically possible
Hong Kong port container volume down for 5th straight month
3 chemical tanker giants combine European fleet
China begins long-delayed work on Yangtze terminal
Wreckage discovered with help of modern technology

Air and Land Transport

Adopt e-business practices, logistics industry urged
THE transport and logistics sector was urged yesterday to intensify efforts to look for innovative ways to transform itself into e-businesses.
Swissair units need 204m euro bail-out
Wuhan Airlines merger talks at crucial stage
Rolls-Royce eyes defence work worth US$1b
UAL chief resigns after unions call for him to quit
PAL starts Taipei to Shanghai service via Manila

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Riseborough new FEFC CEO Brennan speeds up Marseilles transit time Garden City Terminal appoints container operations manager Northport upgrade at Klang Panalpina appoints Groebsch FS Mackenzie names Gibson SIA reports performance "adversely affected" UAL Corp ousts Goodwin after "perish" disclosure Irish consortium mulling Aer Lingus stake

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OCTOBER 29, 2001
Qantas: AMR-alliance and 75 Boeings United-boss to leave Bad influence September 11. on BBA-result Northwest Airlines positive with state aid KLM extends cooperation Profit warning Frans Maas

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Coastal shipping development the answer, says Goyal - With Rlys and roadways at saturation point... US ITC finds steel imports harming domestic producers - India's steel too faces punitive levy Indo-German trade expected to exceed Rs 20,000 cr. JNPT to hike investment in port-linked road TPT places second order for luffing wharf crane AI adds new sectors via code share pacts Hyderabad-Bangkok IA flight inaugurated Core group identifies IWT development areas in Kolkata Port area Forex reserves up by $ 149 million to $ 45,128 million Inflation rate at 18-month low West Bengal to house state-of-art textile park Spices Board may tap MDA to identify markets Forex reserves swells by 9 m Cotton output may be 160 lakh bales Govt proposes to negotiate steel export quotas with US - As industry braces for US ITC's 'final remedies' on imports... Self-certification system for SSI sector on cards Sinha to open CII insurance meet on Nov. 1 WTO panel eases SPS agreement rules for developing nations

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OCTOBER 29, 2001
New weekly bunker prices from Argentina Mexico gives no promises on oil cuts New supplier/trader listing in St Petersburg Brazil bunker prices remain steady Crude oil firmer as OPEC meets other producers to discuss cuts North Sea Petroleum celebrates 25th Anniversary

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OCTOBER 29, 2001
Coast Guard looking for source of Dutch Harbor oil spill Lockheed Martin teams wins nod for Joint Strike Fighter contract Columbia Channel deepening forums scheduled for today in Pasco, Portland Maritime Administration backs away from funding Project America ships General Dynamics kills plan to merge with Newport News

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Maersk Sealand in car trade drive MAERSK Sealand is preparing to shake up the deepsea car trades by entering this tightknit market for the first time. The Danish carrier has ambitions to move vehicles both in containers and... P&O bid talk puts Harris in the frame TIM Harris has returned to haunt P&O amid speculation linking the former board director with a £2bn ($2.8bn) takeover bid for the shipping and transport group. An unnamed venture capita... Stelios flies high as ambitious easyJet expansion takes off TANKER owner and airline entrepreneur Stelios Haji-Ioannou (above) was all smiles yesterday as easyJet, the low cost airline he founded, announced record profits and plans to raise £94m ($134m) fro... Go-it-alone Kvaerner rejects rescue offers Cash-strapped Kvaerner yesterday rejected individual rescue packages proposed by rival shareholders Yukos and Aker Maritime, saying it was working on a survival plan of its own. Kvaerner str...

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OCTOBER 29, 2001
P&O dismisses takeover rumours Essex owner denies irregularities Discounted demolitions aid Gadani No signal yet from Kværner board New Spain-Italy short sea service Liberia denies UN allegations DFDS opts for Cuxhaven Petrobras weathers woes Ferry stowaway dies Write-downs pull Kværner deeper ITF "terrorises" owners Tanker fire in Black Sea Bulker, VLCC collide off NW Spain Cruise co switches to Canaries Indian ship agency raided Yukos throws Kværner a lifeline Shippers oppose ban on private ports Singapore seeks R&D links Consolidation call for Singapore New fruit logistics company for NZ Free cover at Mid East yards Kværner expects rescue plan Ikan Tanda scuttled

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OCTOBER 29, 2001
Coast Guard alerts ports after arrest of terror suspect in Italy Italian authorities were investigating an Egyptian stowaway hidden in a container furnished with a bed, toilet and communications gear. UPS in consulting business United Parcel Service eyes a lucrative share of the market beyond traditional supply chain services. FedEx Corp. updates 2Q forecast In its first estimate, the company said earnings will range from 40-45 cents per share. CMA CGM warns on profits First-half net income rose 13%, but the carrier said full-year earnings will fall significantly below 2000 results. World Trade Centers Assoc. mission "stronger than ever" New restrictions on border bridges, tunnels Logistics.com signs Rite Aid Tank database goes online Swissair could be grounded again Russian lifeline for Kvaerner Air cargo sales agents form alliance Lynden Air Freight unit adds Seattle office

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MSC aura harmonisé son service Europe-Asie à l’échelle de 10 PC de 6.700 TEU en mai 2002 Ce mega-carrier global qu’est devenu Mediterranean Shipping Cy procède actuellement à la mutation de son service hebdomadaire entre l’Europe et l’Asie à une échelle supérieure. Dix PC de 6.700 TEU remplacent au fur et à mesure des livraisons dix unités dont 5 de 3.300 TEU et 5 de 4.300 TEU. Ce sont les navires les plus petits qui sont remplacés en premier lieu. Ce week-end, l’armement présentait à sa clientèle belge à Anvers, le second de ces PC géants, le m/v “MSC Ilona”, dont le maiden trip impliquait une escale au terminal à containers à marée de la Hessenatie. Théoriquement, cette nouvelle flotte devrait être opérationnelle au complet dès le mois de mai 2002. De Palacio demande plus de flexibilité à la Suisse et l’Autriche en matière de quotas Suite à la catastrophe du tunnel du Gothard de la semaine dernière, la commissaire européenne aux Transports Loyola de Palacio a demandé à l’Autriche et la Suisse d’adopter une certaine souplesse quant aux quotas en vigueur pour le transport de marchandises par la route. Elle demande en outre aux entreprises de transport de l’UE de davantage faire appel aux possibilités du transport combiné rail/route. Gand: Termont donne l’amorce d’un dialogue social Lors de discussions menées à l’initiative de l’échevin du port Daniël Termont, les représentants des employeurs et des ouvriers portuaires du port de Gand ont décidé de manière informelle d’entamer le dialogue sur certains dossiers. Le volet social occupe une place centrale dans cette démarche. Le recrutement d’ouvriers portuaires temporaires est ainsi envisagé. La balle est désormais dans le camp des partenaires sociaux et du comité paritaire. CMA CGM: 3e trimestre bénéficiaire mais le résultat final sera plus faible A l’issue du premier semestre, l’armement CMA CGM affichait toujours des résultats en nette progression et ce sur bien des plans. Le CA avec 6,93 mia. de FRF (1,05 mia. d’euros) était en hausse de 20% par rapport au premier semestre de l’année précédente, le nombre de containers transporté était en hausse de 13% avec 863.000 TEU et le résultat net consolidé atteignait 234,7 mio. de FRF (35,78 mio. d’euros) en progression de 13%. Conclusion: l’armement poursuit sur la lancée qu’il a connue l’année dernière.

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OCTOBER 29, 2001
LNG tanker Matthew finally calls at Boston First LNG shipment into Boston harbour after 11 September attacks arrived late Monday. Royal Caribbean shares rated sell Lazard Freres sees bearish booking outlook for RCL in the first half of 2002. UN seeks control of Liberia's shipping revenues The UN panel of experts suggests putting Liberia's shipping revenues into an UN escrow account. TMM's new strategy bears fruits The Mexican multi modal group reports stable revenue from its specialised maritime division. Kvaerner reveals huge loss Troubled group makes provision equal to whole of Philadelphia yard's book value as it unveils dire results. Dannebrog launches new ro-ro line Danish operator moves into Spanish-Italian cross trades. Enron retreats from LNG newbuilding US energy giant aims to exit the shipping joint venture set up to own new gas carrier. Venezuelan island expects booming cruise business Tourist arrivals at Margarita Island are expected to more than double in 2001. General Dynamics concedes defeat The US defense contractor terminates its acquisition plan of Newport News. Shareholders and Kvaerner bosses still talking Crisis negotiations continue into the evening in Oslo over Yukos's rescue plan for troubled group. First rebuilt Sirius tanker back in business Swedish owner's expanded products carrier starts Preem charter, while two other ships will enter spot market. Lines slash Pakistan war loading Conference cuts cargo surcharge by 20% but no help for rest of subcontinent. Odfjell-Seachem newbuilding gets off the blocks Poland's Szczecin Shipyard launches the first in a series of eight high profile chemical tankers. Fisher chief rules out P&O bid David Cobb has no plans for $2.9bn swoop on top UK shipowner. Pakistan breakers slake tanker thirst Another VLCC has joined the trickle of large tankers heading for demolition, but prices remain unattractive. Finnish export decline hits Finnlines Ro-ro operator is hopeful that strong first half will result in healthy profits for 2001. Navion tankers see weaker third quarter Shuttle tanker player Navion remains in the black and is hoping for improvements before the year-end. Six dead as Chinese ship sinks Blast sinks ship in off China in suspected onboard gas tanker explosion. Boston Mayor sues to stop LNG tanker Thomas Menino seeks legal means to stop what he sees as a potential terrorist target from entering the US port. STX plans to boost Daedong's sales Korean yard's new owner has ambitious plans for orders, as world demand falls away.