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Shipping News

Carnival Corp chalks up better-than-forecast profits
THE world's number one cruise group Carnival Corp, has exceeded forecasts and reported slightly higher quarterly profits on better-than-expected prices for sea-going holidays.
Bangladeshi dock union hits back at US criticism
Business as usual at US West Coast ports
Philippines clamps down on fake training certificates
Ship sales

Air and Land Transport

HK airline war heats up as Dragonair seeks new routes
AN airline war is heating up in Hong Kong as its two main carriers, Cathay Pacific Airways and Dragonair, look to expand into each other's territory in a bid to boost revenues.
US Airways proposal to cancel leases opposed
Virgin Blue to ease bottlenecks at Sydney
PIA to acquire 8 Boeing 777s over 8 years
Boeing may deliver fewer planes in '04: analyst
Air France to boost seat capacity in winter by 7.5%
Log Book

web site

Shipping News

Carnival Corp chalks up better-than-forecast profits
THE world's number one cruise group Carnival Corp, has exceeded forecasts and reported slightly higher quarterly profits on better-than-expected prices for sea-going holidays.
Bangladeshi dock union hits back at US criticism
Business as usual at US West Coast ports
Philippines clamps down on fake training certificates
Ship sales

Air and Land Transport

HK airline war heats up as Dragonair seeks new routes
AN airline war is heating up in Hong Kong as its two main carriers, Cathay Pacific Airways and Dragonair, look to expand into each other's territory in a bid to boost revenues.
US Airways proposal to cancel leases opposed
Virgin Blue to ease bottlenecks at Sydney
PIA to acquire 8 Boeing 777s over 8 years
Boeing may deliver fewer planes in '04: analyst
Air France to boost seat capacity in winter by 7.5%
Log Book

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MOL Logistics launches cargo consolidation service Tianfeng Logistics seeks partner in Hong Kong Air cargo market recovering, says Boeing Goodrich to supply wheels and breaks to Bombardier Learjets World Airways inks US$129 million Air Force contract

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SEPTEMBER 20, 2002
Employers threaten to lock out port workers Employers at the Port of Los Angeles-Long Beach threatened to lock out dockworkers today if the ILWU should not allow enough workers to terminals. But operations resumed normal, the PMA stated. Tradelink with bolero.net Tradelink Electronic Commerce Limited, Hong Kong's largest e-commerce service provider, announced that it has entered into a collaboration agreement with Bolero International Limited. KLM and unions agree on settlement of damages claim KLM reached agreement with the unions FNV, CNV and De Unie on settlement of KLM's claim for damages filed against ground engineers who participated in the wildcat strike on July 27, 2002. Deutsche Post majority in Guipuzcoana Deutsche Post today increased its stake in the Spanish parcel service provider Guipuzcoana Euro Express from 49 percent to 51 percent - thereby becoming the majority owner. FedEx net rises 45 per cent FedEx Corp. reported earnings of $0.52 per diluted share for the quarter ended August 31, compared to $0.36 per diluted share reported last year. Investigation in Transpacific conference The FMC announced its fact finding investigation into practices of transpacific stabilization agreement members covering the 2002-2003 service contract season, with the Transpacific Stabilization Agreement and its members. Trans-Pacific rates up The Transpacific Stabilization Agreement, a discussion group of 14 of the largest carriers in the eastbound trans-Pacific, on Thursday said they intend to increase their freight rates by $700 per 40-foot container in 2003, with an additional $300 per-FEU peak season surcharge.

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James Mackintosh & Co. now at Nagpur Transworld-Concor combine launches India-Bangla-Myanmar service - Fortnightly fixed schedule to be upgraded to weekly INSA to celebrate World Maritime Day today 4 SCI bidders complete third due diligence L&T bags orders worth Rs 1,002 cr. in Aug. alone Probe into dumping of hexamine from Iran Bombay Chamber, Assocham organising int'l conference & exhibition in Dec. - 'Indian Ports & Shipping 2002: The Future Is Now' MbPT celebrates 'Hindi Day' KoPT to send team to North India with sops package for container traffic GMB ratifies Alang shipyard's decision to merge with unviable plots ICD-Sanathnagar handles record 1,651 TEUs in Aug. Western Arya Logistics takes over operations at ICD-Sachin, Surat FedEx ties up with Jeena & Co., Prakash Air Freight 25 pc rise in imports of 300 sensitive items Finance Ministry restores excise exemption to ball bearing, hand processing sectors Mahindra-led group sets up industrial park Andhra holds SEZ roadshows in UK to attract investors CII roadshow on AgriFare 2002 tomorrow Office of Registrar of Cos may soon become paperless IMC meet with Kenyan envoy on Oct 3

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SEPTEMBER 20, 2002
Crude History Lessons Russia at arm's length from OPEC Disappointment with OPEC Steady in Rotterdam Brazil sticks with its numbers Smoother sailing in Pacific Northwest markets Snug avails on the US West Coast

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SEPTEMBER 20, 2002
DNV gears up to provide security certification About 100 Det Norske Veritas surveyors will within a few months complete specialist training to enable them to certify that shipowners are in compliance with proposed new international security requirements.

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SEPTEMBER 20, 2002
ILWU takes shot at SSA for 'undermining negotiations' Rail freight intermodal numbers soar to second highest weekly total Portland river celebration set for this Saturday Economic downswing has Port of Seattle restructuring Corporate Division Transpacific carriers raising rates $700 per 40-foot container

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Ark Royal visit fuels war speculation The Royal Navy flagship Ark Royal was calling at Gibraltar for bunkers and supplies over the weekend, amid mounting speculation of a military build-up ahead of a strike on Iraq, writes Brian Reyes in Gibraltar. The harbour basin in the British colony was closed off with a boom and armed guards patrolled the Ministry of Defence docks during the visit. P&O Princess: late bid to sink deal ROYAL Caribbean is making a last-ditch attempt to scupper rival Carnival's ambitions of acquiring P&O Princess, even as it announced yet another postponement of two cruiseship options worth $800m pending at Meyer Werft in Germany. Finance chief quits P&O Group P&O group finance director Joanne Curin has resigned amid speculation that her departure was prompted by not being in the running to succeed Sir Bruce McPhail, 63, as managing director. Shippers to face $700 per feu Pacific rate hike SHIPPERS face hefty rate increases eastbound across the Pacific next year as shipping lines struggle to break even on the world's biggest trade lane.

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SEPTEMBER 20, 2002
Tense calm at Port of Los Angeles Cargo-handling operations returned to near-normal levels Friday at the Port of Los Angeles-Long Beach after terminal operators called off their threatened lock-out of union dockworkers. Intermodal will top '03 rail sales: AAR Container and trailer loads are poised to overtake coal as the top revenue source for railroads in 2003, according to a new study. Air France orders 747 freighters The carrier will take delivery of three new 747-400 extended range freighters from Boeing this fall. Cathay Pacific adds India cargo services U.S. urges cargo focus for Philippines open-skies TIACA: Open skies needed to open trade, says FedEx exec Gap picks i2 Intermarine expands Asia management GATX Ventures names president Strong jump for Busan boxes Lines set whopping trans-Pacific rate hike ACE 'unlikely' to get more funding: Browning Ground supports FedEx 1Q

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SEPTEMBER 21, 2002
Philips confie sa distribution en Europe au groupe Deutsche Post La poste allemande a signé un contrat pluriannuel avec Philips en vertu duquel il assurera la distribution en Europe pour le groupe d’appareils électriques. Les produits standards (colis et palettes) seront traités par le réseau Eur Express, tandis que les autres filiales “fret” de Deutsche Post, Danzas et DHL, seront engagées pour les envois spéciaux. CSAV va mettre en place sa propre organisation en Afrique de l’Ouest “La desserte de la COA au départ de l’Europe est un marché que nous suivons depuis longtemps. Jusqu’à présent, nous n’intervenons que modestement en Afrique de l’Est via une escale intermédiaire dans le cadre d’un service au départ de la côte est de l’Amérique du Sud vers le Far East. Nous nous employons actuellement à mettre en place une organisation en Afrique de l’Ouest. Une équipe s’est rendue sur place, qui rentrera dans quelques jours et dont les conclusions nous permettrons de désigner un agent et des manutentionnaires. Notre stratégie consiste à rechercher des partenaires efficaces susceptibles de répondre aux exigences de la clientèle. Nous démarrons modestement en ne touchant que deux ports en direct, Dakar et Abidjan, dans un contexte port-port. Mais nous examinons d’ores et déjà les moyens qui nous assurerons une meilleure pénétration du marché, notamment en passant un contrat avec un opérateur feeder.” Poul Hestbaek, general manager commercial du QG hambourgeois du grand armement chilien CSAV, confirme la détermination du groupe de s’installer en Afrique de l’Ouest. Geodis confirme son objectif d’atteindre l’équilibre en 2002 Le groupe français de transport routier et de logistique Geodis, qui est contrôlé par la SNCF, a confirmé qu’il prévoit un résultat net en équilibre pour l’ensemble de l’année. Les résultats du premier semestre, qui viennent d’être publiés, lui permettent de maintenir ses prévisions. Ils indiquent que, malgré une baisse du chiffre d’affaires de près de 8 %, le résultat d’exploitation a progressé de 40% durant les six premiers mois. C’est ce qui a été annoncé jeudi à l’issue du conseil d’administration de Geodis, réuni sous la présidence de Pierre Blayau. Rien n’a filtré sur l’imminente augmentation de capital qui devrait faire entrer le groupe Bolloré dans l’actionnariat du groupe. Le Conseil portuaire néerlandais réclame un effort plus important de l’Etat Le Conseil Portuaire néerlandais (NHR), l’organe de concertation des ports maritimes néerlandais, se réjouit de l’importance accordée au transport de marchandises et au réseau portuaire - avec Rotterdam comme mainport - dans le budget 2003 du nouveau gouvernement mais s’inquiète des moyens financiers limités mis à disposition pour le développement indispensable de l’infrastructure à court terme.

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SEPTEMBER 20, 2002
OSG plans to buy back shares The company stock price fell to 52-week low of $15.55 on Wednesday. Singapore port kicks off CIS initiative A small team of US Customs inspectors will be stationed in Singapore. Higher capacity props up Carnival's income Net income in June-August rose by 1.17% from a year ago to $500.8m. Bergesen to book loss on gas carrier sale Norwegian owner delivers LPG ship to Chinese breakers for scrap. Lederer drops quit hint HDW chief Klaus Lederer will step down if court investigations into his conduct damage yard's business. Austal co-founder leaves after 14 years Australian shipyard director Kevin Stanley wants fresh challenge. Xiamen Ocean delisted Cosco-controlled shipowning venture struck from Shenzhen exchange as losses continue. Safmarine adds Sao Tome call South African container line changes schedule to fit in West African island state. MSC seals surprise CMA CGM slot deal Boxship entrepreneurial duo abandon traditional rivalry to team up in Atlantic. Box lines agree on big Asia-US rise Transpacific Stabilisation Agreement group to try for $700-per-feu hike next year. Troim ups the stakes John Fredriksen's right-hand man Tor Olav Troim continues to signal faith in Frontline. Eimskip sells another ship Icelandic owner trims fleet with sale to Costamare - and books small profit. Japanese yards in bulker bonanza Over 30 bulkers, more than half of them panamaxes, were contracted at Japanese yards last month. K Line orders aframax tankers Japanese owner has inked contracts for two 107,000-dwt crude carriers at Imabari Shipbuilding. Labroy sees decline in interim figures Turnover up, but lower margins at Singaporean firm send pre-tax profits down on twelve months ago.