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Shipping News

Hutchison's overseas terminals boost volumes
GLOBAL port acquisitions have helped offset flagging container volumes at Hutchison Port Holdings' home terminals in Hong Kong as the container handling giant posts a 6 per cent rise in total throughput for 2001.
Two tankers collide in Gulf of Oman, no oil spill
15 Chinese on sunken ship still missing
Ports of Auckland expects crane delivery

Air and Land Transport

Egypt vows to find cause of 1999 EgyptAir crash
EGYPTIAN investigators vowed to continue looking for what caused an EgyptAir plane to crash off the US coast in 1999, saying their American counterparts had jumped to conclusions in blaming a co-pilot.
Loss of US$2.5b aircraft order won't hurt: Dassault
JetBlue aims to raise up to US$132m from stock offering
Taiwan carrier seeks nod for flights to S Korea
Passenger numbers up 29% in Feb for Dragonair
China Eastern takes stake in Wuhan Air
Log Book

Features

Return to profits some way off, airlines warned
THE airline industry, badly hit by last September's suicide hijackings in the United States, may not return to profitability until the end of next year, the global airlines body Iata said.

web site

Shipping News

Hutchison's overseas terminals boost volumes
GLOBAL port acquisitions have helped offset flagging container volumes at Hutchison Port Holdings' home terminals in Hong Kong as the container handling giant posts a 6 per cent rise in total throughput for 2001.
Two tankers collide in Gulf of Oman, no oil spill
15 Chinese on sunken ship still missing
Ports of Auckland expects crane delivery

Air and Land Transport

Egypt vows to find cause of 1999 EgyptAir crash
EGYPTIAN investigators vowed to continue looking for what caused an EgyptAir plane to crash off the US coast in 1999, saying their American counterparts had jumped to conclusions in blaming a co-pilot.
Loss of US$2.5b aircraft order won't hurt: Dassault
JetBlue aims to raise up to US$132m from stock offering
Taiwan carrier seeks nod for flights to S Korea
Passenger numbers up 29% in Feb for Dragonair
China Eastern takes stake in Wuhan Air
Log Book

Features

Return to profits some way off, airlines warned
THE airline industry, badly hit by last September's suicide hijackings in the United States, may not return to profitability until the end of next year, the global airlines body Iata said.

web site

Shipping News

Hutchison's overseas terminals boost volumes
GLOBAL port acquisitions have helped offset flagging container volumes at Hutchison Port Holdings' home terminals in Hong Kong as the container handling giant posts a 6 per cent rise in total throughput for 2001.
Two tankers collide in Gulf of Oman, no oil spill
15 Chinese on sunken ship still missing
Ports of Auckland expects crane delivery

Air and Land Transport

Egypt vows to find cause of 1999 EgyptAir crash
EGYPTIAN investigators vowed to continue looking for what caused an EgyptAir plane to crash off the US coast in 1999, saying their American counterparts had jumped to conclusions in blaming a co-pilot.
Loss of US$2.5b aircraft order won't hurt: Dassault
JetBlue aims to raise up to US$132m from stock offering
Taiwan carrier seeks nod for flights to S Korea
Passenger numbers up 29% in Feb for Dragonair
China Eastern takes stake in Wuhan Air
Log Book

Features

Return to profits some way off, airlines warned
THE airline industry, badly hit by last September's suicide hijackings in the United States, may not return to profitability until the end of next year, the global airlines body Iata said.

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HIT volume down 7pc as Yantian figures rise CSX Intermodal promotes sales and marketing executives Norasia Container Lines changes agency in Singapore Cosco, Four Lines exchange slots FS Mackenzie offers import service from Dubai EC wants legal means to fight third country airlines LanChile expands Canadian route with Alitalia code share Seattle airport traffic figures near pre-September 11 levels

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MARCH 25, 2002
27.5 percent more net income KN Net loose Geodis strongly up Roadway warning for first quarter Lufthansa satellite navigation for Boeing 737 Rhenus bought Cargologic from Swissair Little help London friends for Railtrack

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Meridian Shipping Agency Pvt. Ltd awarded coveted ISO 9002 Certificate Engineering exporters set to clinch $ 40-m orders from Latin American countries Dhaka imposes 10 pc duty on Indian cotton yarn 4 nations take fancy to Indian rice KoPT may float new tender to deepen Hooghly MbPT proposes to sell land, real estate to focus on core business New record in thermal coal loading at VPT Panalpina may make Ahmedabad its base Forex reserves up by $ 692 million to $ 51,436 million Ficci-KPMG study lists steps to make SEZs more attractive Maran approves host of FDI proposals Malaysia keen on JVs for core projects with state govts Manpower EPC on the cards Automobile policy in for overhaul First cut flower AEZ to spring up in TN LS clears Rail Budget for 2002-03 Ministry fixes tentative textile export target for 2002-03 at $ 15 billion Exim Bank extends $ 20 m credit line to Iran Exports by land to Bangladesh, Nepal made easier Finance Ministry may waive service tax for SEZ units KPMG to help govt finalise draft SEZ law

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MARCH 25, 2002
Rotterdam softer in the afternoon, some tight barges Strong pre-Easter demand in Baltic markets Brazil prices up across the board Crude eases on no imminent US attack on Iraq and expected higher gasoline production No severe effects reported after tanker collision off Fujairah Fujairah prices marginally down Singapore prices softer in well-supplied market Chile market report from Pacsa Oil price takes a breather from rally Rotterdam morning market report Korean prices sharply higher on tight avails this week Russia takes over role as world's no. 1 oil producer Ship master and chief engineers arrested in Alaska, accused of false logs to hide pollution

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Record year in Krems CSPL: new future? SGS in the red New Internet logistics portal ATSO: new president Swiss railroads satisfied Honold for Hilti and Bosch Stinnes surpasses expectations Gebrüder Weiss: good 2001 Comepack

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MARCH 25, 2002
TSA finds transpacific carriers reporting strong economic gains Evergreen joins French line in North Europe to Asia trades Coast Guard looking for members for fishing industry advisory committee Department of Commerce finds Canadian lumber benefits from subsidies Kalakala Foundation nets grant for restoration of historic ferry

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Djibouti Spill: Huge Clean-Up Underway Rise in Piracy in EA Waters Alarms Numast

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Red faces at BP and Stena as tanker giants collide off Fujairah BP AND Stena were left red-faced but relatively unscathed yesterday after two large tankers collided in anchorage off Fujairah. Lyras warns against US transparency drive SHIPOWNERS have expressed mounting concern over US-led proposals to increase transparency of ownership in the maritime industry as part of the move to tighten security after September 11. Brussels shows its mettle with own steel tariffs THE European Union retaliated yesterday against the Bush administration's imposition of hefty steel import tariffs with one of its own, writes Carly Fields. UK warship yard work UK armed forces minister Alan Ingram has formally announced that warship support activities at the Portsmouth, Devonport and Clyde naval shipyards are to be contracted out.

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MARCH 25, 2002
Panama ro-ro probe demanded Hyundai Heavy delivers 1,000th ship Master drowns after USCG seize ship Coastal goes daily again Steelmaker buys into Petersburg Bridge over troubled waters Canada launches import investigation Gwadar gets under way Indian car exports soar Major drugs seizure in Brisbane Napocor completes supply contracts No casualties as tankers collide SembCorp acquires Atlantis yard Fremantle retains productivity lead Incat sails into receivership Rotterdam links up with Omani port IPBCC removes 'extra risk' surcharge Germans increase Greek yard role Vietnam eyes cruise passengers New Laem Chabang port MD named

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MARCH 25, 2002
Kuehne & Nagel net improves Seafreight, contract logistics were bright spots for the forwarder. White flag for Consignia parcels Britain's state-owned postal group is cutting 15,000 jobs from its troubled parcels division, signalling the end of its European challenge to UPS and FedEx Corp. Carriers drop Sri Lanka surcharge A truce between the government and Tamil rebels cleared the way, but extra charges remain for Pakistan. Seaway opens Tuesday amid mixed outlooks FAA taps Riley, Broome CSX Lines online bookings surge Trade focus of Jacksonville strategy PacMil Logistics uses BridgePoint's automated ocean booking EU gives France tunnel ultimatum Raises for UPS execs despite profit slide Deal gives UPS Hong Kong-Asia flights Japan caves on Narita dispute Trans-Pacific lines revise box forecasts

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Kühne & Nagel enregistre un bénéfice record en 2001 Le groupe suisse Kühne & Nagel a annoncé lundi au cours d’une conférence de presse à Zürich que malgré une conjoncture difficile et un chiffre d’affaires en progression relativement faible, il a dégagé l’année passée un bénéfice net record de 160,5 millions de CHF, en hausse de 27,5% par rapport à 2000. La croissance devrait se poursuivre en 2002. Le groupe va continuer à se profiler davantage comme un logisticien capable d’assurer la gestion mondiale de la chaîne d’approvisionnement pour de grands groupes. Le deuxième accès ferroviaire au port d’Anvers sera prêt en 2010/2012 Si tout va bien, le premier coup de pelle pour le deuxième accès ferroviaire au port d’Anvers sera donné en 2005. Et selon que la Flandre sera ou non en mesure de pré- et cofinancer certaines études ou certains travaux, l’année de mise en service sera 2010 ou 2012. C’est aussi en principe en 2012 que le tunnel ferroviaire du Liefkenshoek entre les deux rives de l’Escaut devrait être opérationnel. En d’autres termes, pendant une décennie et par manque de capacité, la SNCB ne pourra guère faire circuler beaucoup plus de trains de voyageurs et de marchandises dans la région d’Anvers. Peltracom considère le terminal tourbier de Gand comme une étape vers le top cinq européen Gand compte un nouveau trafic maritime de niche. Depuis la fin de la semaine passée, des caboteurs importent à une fréquence de une à deux escales par semaine de la tourbe en provenance essentiellement de Lettonie et d’Irlande pour le compte du groupe Peltracom d’Overpelt. Peltracom vient d’écrire avec le groupe portuaire Sea-Invest une nouvelle page de l’histoire “discom” gantoise, en couplant le transbordement de la marchandise à sa commercialisation et sa distribution. Le manutentionnaire CBM, filiale de Sea-Invest, a déchargé ces cargaisons au Sifferdok, d’où elles ont été amenées par bande transporteuse à un tout nouveau terminal à l’arrière-quai. Dans ces installations, “les plus grandes dans leur genre”, Peltracom transforme la tourbe en terreau avant de le conditionner et de l’entreposer puis de le distribuer par camion sur plusieurs marchés d’Europe occidentale ou (dans une moindre mesure) par container pour les destinations outre-mer. L’investissement total se chiffre actuellement à 13 millions d’EUR. Les nouveaux développements coûteront encore 5 mio. d’EUR supplémentaires. Entre-temps, environ 35 nouveaux emplois ont été créés. Conflit entre l’Italie et la France sur le tunnel du Mont-Blanc L’interdiction des poids lourds dans le tunnel du Mont-Blanc est à la base d’un sérieux conflit entre la France et l’Italie. Cet axe de transport, vital pour l’économie italienne, est rouvert depuis le 9 mars pour les voitures, mais les Italiens veulent à présent qu’il en aille de même pour le transport de fret. L’Italie s’est tournée hier dans ce cadre vers la Commission européenne.

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MARCH 25, 2002
Share issue to save shipyard Plan to raise $77m of new equity capital throws Szczecin yard a lifeline. Axe hangs over Seyang Shipping Korea Stock Exchange to decide whether to delist Seoul bulker owner after falls in stock price. ThyssenKrupp to buy into HDW Steel companies could own 30% of top German shipbuilder. Transtejo workers walk out Portuguese ferry company's staff at odds with management over pay rise. Stena and BP VLCCs collide off UAE No reports of pollution as large tankers separated off Fujairah. Salary cut for Odfjell chief Bjorn Sjaastad's pay drops $39,000 despite good profit and strong share price. Forth Ports piles up profits UK ports operator remains keen to expand after record-breaking year in 2001. Idan Ofer takes a pay cut Israel Corp salary cut by 30% so he can spend more time at the bank. Swiss twist to Navigator Gas battle Arbitrator rules shareholder Sergio Leone must take back gas carrier delivered to Montanari. CNOOC eyes combined shipping, services IPO Chinese oil giant could make $300m from Hong Kong float by September. Master jumps overboard after drugs raid Captain of Panamanian cargoship drowns following cocaine seizure by USCG off Aruba. Fred Olsen cuts forecast Higher than expected taxation costs Bonheur and Ganger Rolf $4.45m. Incat core companies in receivership Robert Clifford (right) loses control of ferry specialist as National Australia Bank steps in. Tasmania's Bacon gets a grilling Island premier gets a pasting from opposition over Attica ferry acquisitions. Boyang officers face Alaska pollution charges Korean reefer firm captain and chief engineers face up to 10 years in jail plus heavy fines if convicted.