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Shipping News

NYK's shipmanagement ops moving to new S'pore coy
THE world's largest shipping company, Japan's Nippon Yusen Kaisha will consolidate three of its shipmanagement companies based in Hong Kong and Tokyo and relocate the new operation to Singapore.
Wage disparity prevalent on ships in Irish Sea: ITF
NY port to speed up dredging of channels if funding gets go-ahead
S'pore-flagged ship leaves Davao to return home
MPA launches new online bunkering service today

Air and Land Transport

Fall in business travel seen clipping US airlines' wings
US airlines are expected to lose US$1.5 billion this year as the corporate travel slowdown erodes business, according to estimates by a Washington, DC-based industry group.
'CAAC overestimated aircraft demand'
Cathay to implement new pay package despite pilots' rejection
Airlines raise fares to Sri Lanka by 10%
Virgin Express cuts loss
Irish plans on hold until autumn: Aeroflot
Log Book

web site

Shipping News

NYK's shipmanagement ops moving to new S'pore coy
THE world's largest shipping company, Japan's Nippon Yusen Kaisha will consolidate three of its shipmanagement companies based in Hong Kong and Tokyo and relocate the new operation to Singapore.
Wage disparity prevalent on ships in Irish Sea: ITF
NY port to speed up dredging of channels if funding gets go-ahead
S'pore-flagged ship leaves Davao to return home
MPA launches new online bunkering service today

Air and Land Transport

Fall in business travel seen clipping US airlines' wings
US airlines are expected to lose US$1.5 billion this year as the corporate travel slowdown erodes business, according to estimates by a Washington, DC-based industry group.
'CAAC overestimated aircraft demand'
Cathay to implement new pay package despite pilots' rejection
Airlines raise fares to Sri Lanka by 10%
Virgin Express cuts loss
Irish plans on hold until autumn: Aeroflot
Log Book

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JULY 31, 2001
Airborne narrows loss in 2Q The carrier said cost controls helped it cut net losses by 15 cents a share. Exel bullish despite dip in profit The British logistics giant said profits fell 2.5% in the first half of the year, but expects to meet full-year forecasts. Bonner cruises at confirmation hearing Customs commissioner nominee Robert Bonner told a Senate committee that the agency must strike a balance between law enforcement and trade facilitation. Hanjin sets record, revamps routes The carrier has moved more than 1 million TEUs in 2001, and is adding a China-Australia service. Carriers upgrade Gamex service EIA launches Malaysia freighter service Matson offers online booking upgrade Hamburg Süd vessel makes maiden call for CAT U.S.-S. America service Norfolk Southern opens Ga. intermodal hub Quality Distribution opens western terminals BDP offers Web tracking HK, China speed border transits Four bids for Zim Seaway interests seek regular container service

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New Asia-Africa VSA DFDS reports growth in first half First load for Shanghai Transrapid project on route Horizon AAL's Brisbane shipping agency Aeroflot calls for national safety regulations Yuji is U-Freight's Osaka man US Airways takes on Bahamas US Airways' other island destinations served from La Guardia

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JULY 31, 2001
4 procent container growth Antwerp Strong result Kuehne & Nagel New Sealand to sell to Singapore Gillette selects Logistics.com DP's franking software tested Stinnes growing in China

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US slowdown stretches icy fingers to handicrafts Tougher FDI norms for wholesale trading being considered Palm oil import duty still 75 pc Robust export growth by software industries in STPIs Korea drops dumping probe against Indian cotton yarn Govt expects sugar exports to exceed 10 lakh tonnes Capt. Jimmy Sarbh promoted to Exec. Chairman of NSICT R. N. Meena is now Reg. Manager of CWC, Ahmedabad Concor working out details of dedicated Shalimar-Ahmedabad-Mumbai service Fieo: Revise labour laws to help exporters Changes in laws governing infrastructure projects mooted Govt to proceed with AI, IA divestment Coir Board inks MoU with NID Addl 50,000 tonnes of onion released for export Govt may collect Rs 5,000 cr. in expanded service tax net Foreign Trade Analysis: Current Policy & Procedures Angola opens consulate office in city Ficci focuses spotlight on fashion industry

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JULY 31, 2001
Tight barge avails in major Brazilian ports following barge arrests for fraud inspections Rotterdam fuel oil prices firm despite softer crude Some tight avails in Istanbul, no change in Piraeus Markets steady to soft in Gibraltar and Canaries Flat markets in Korea and Fujairah Prices seen steady in Singapore today Some tight avails observed in Genoa, market firmer Current bunker price indications Russian markets Singapore Petroleum Company appoints two new directors New contact details for Multiport

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JULY 31, 2001
Put fish in sea: faces $9 million pollution penalty The owners of a cargo ship that sank off Norway's west coast with a load of fish last December face a major claim, $20 million order for Stewart & Stevenson Stewart & Stevenson Services, Inc., Houston, has received a $20 million order from Yantai Raffles Shipyard Pte, Ltd, AMCV defers payment on securities American Classic Voyages Co.announced yesterday that the next three cash distributions on its trust preferred securities scheduled for August 15 and November 15, 2001, and February 15, 2002, will be deferred until May 15, 2002, Washington State Ferry projects at risk A "legislative meltdown" has put major ferry projects on hold.

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Code Red on the loose A computer user is reflected in a mirror as he watches an alert for the Code Red virus on his computer in Glasgow yesterday. The fast-spreading internet worm, which disrupted US government... Trade slide hits Hamburg Süd THE management of German shipping company Hamburg Süd plans a major cost-cutting exercise in response to the sharp turndown in trade and rates on some of its key liner routes. Dr Ottmar... 586 ships signed to UK tonnage tax BRITAIN's new shipping minister, David Jamieson, has revealed that 47 companies had opted to join the UK's tonnage tax regime, representing 586 ships in total. In an interview wi... Jamieson pledges ports planning support UNDERSTANDING the planning process is fundamental if port developers are to avoid potentially lengthy, and costly, delays to new projects, writes Brian Reyes . That is the message from the U... Pacific Basin, Torm and Wah Kwong set up handysize pool PACIFIC Basin, Torm and Wah Kwong - some of the best known and most colorful names in shipping - have banded together to form a handysize pool under the banner of International Handybul...

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JULY 31, 2001
New Pakistani policy emerges Martinoli pulls out of Glory deal State stunts Chilean development FEFC fails to agree capacity cut Typhoon spares Taiwan's ports Oriental Opal reports incorrect Australians slam EC subsidies ACL bosses sell to Grimaldi Seabourn cruise ship in bomb scare Canada companies combine TACA seeks eastbound rate increases Major mill investment for Colombo US military plans could hit Darwin Malaysia backs PTP expansion Doubts emerge over Montevideo bid Cost Rica invites concession bids Howls of protest over tariff rises Call for two Indian hub ports

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Grimaldi opte pour des car-carriers de 5.300 voitures L’armement Grimaldi (groupe Naples), en dehors de ses services réguliers conros EuroMed, Europe du Nord-Amérique du Sud côte Est et Europe du Nord-COA, est particulièrement actif dans le secteur des car carriers. Des car- carriers opèrent dans le cadre du “EuroMed Shuttle” entre l’Europe du Nord et la Méditerranée, mais aussi sur la route de l’Afrique. Tout semble indiquer que l’armement vise maintenant une taille supérieure, celle des unités d’une capacité de 5.300 voitures, ainsi que nous l’a confirmé la direction générale. Emery Worldwide investit 5,85 mio. d’USD dans un hub régional à Singapour L’expéditeur de fret aérien et maritime Emery Worldwide continue à injecter de l’argent dans ses activités en Extrême-Orient malgré la situation économique précaire dans la région. La filiale du transporteur américain CNF va investir quelque 5,85 mio. de USD dans la construction d’un nouveau centre logistique à Singapour. Le complexe fera fonction de hub régional pour l’Asie du Sud-Est et devrait être opérationnel au troisième trimestre de 2002. CMA CGM poursuit la mise en place de Logistics Link A l’instar des autres mégacarriers Est-Ouest, l’armement français CMA CGM développe progressivement une organisation logistique sous le nom de “Logistics Link”. Cette nouvelle entité œuvre en toute indépendance des activités propres aux lignes régulières qu’exploite le groupe. En effet, pour Logistics Link, la fonction transport ne constitue pas l’élément essentiel, l’objectif primordial étant de développer pour la clientèle des chargeurs et réceptionnaires des services de logistique intégrée qui s’inscrivent dans le contexte de ce qu’on appelle la “supply chain”, qui va de la production à la distribution. Deutsche Post et Fiat vont coopèrer dans la distribution de pièces automobiles en Europe Fiat Auto vient de conclure un partenariat logistique et financier européen avec DHL Worldwide Express et Deutsche Postbank. La nouvelle entreprise devra se charger de la logistique intégrée des composants automobiles à travers l’Europe. Dans ce contexte, TPG, qui vient d’ouvrir il y a quelques mois un centre de distribution à Vatry (France) pour la distribution des composants européens de Fiat Auto, devient un sous-traitant de la nouvelle joint-venture.

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JULY 31, 2001
Alaska not ready for LNG shipping The state government has chosen to build a pipeline linking the North Slope gas fields to the Canadian grid. General Maritime takes two more Three out of ten acquisitions are yet to be delivered. Seacor Smit boosts earnings by 245% Higher utilisation and rates supported stronger earnings in April-June. Pertamina picks up aframax time charter The award price was sharply lower than the current time charter cost for a modern double-dulled vessel. International Shipholding's ratings on negative watch Although the New York-based firm has improved its liquidity, its financial profile remains weak. Lenders may pull plug on LNG newbuilding A nearly completed gas carrier's future hangs in the balance as talks on India's Dabhol project degenerate. Cosco boxhip capacity on the rise China shipping giant Cosco's new containerships will up its overall capacity by over 30%. MISC inks in sixth LNG newbuilding Malaysia International Shipping Corp has raised its LNG fleet to 19 vessels. Intercargo grows down under The dry cargo shipowners' association has appointed Ron Gross as its Australian representative. Carnival secures permanent home for ships The new $40m cruise ship terminal in Los Angeles will be ready for Elation and Ecstasy in early 2003. Mahart makes history The Hungarian national owner has made its first profit since 1988. CSG operating profit shrinks The Shanghai-listed arm of China Shipping Group is seeing the money roll in but margins are tightening. ITF uncovers "dirty dealing" on wages The list of ships believed to be discriminating against seafarers on the basis of nationality keeps growing. Yangming lines up boxship newbuildings Taiwan's Yangming Marine Transport is preparing to grow its fleet of post panamax ships. Hyundai Logistics eyes shipping move The Korean delivery firm wants its own freighter - in 2007. Evergreen sees fall in half-year sales Taiwanese liner operator has seen sales in the first six months of 2001 drop 8.5%. Osaka Gas eyes LNG newbuilding Japanese utility firm mulls further gas tonnage to carry North West Shelf LNG. AHL looks to order product tankers US owner seeks Title XI finance to build two ships at Kvaerner Philadelphia. Day rates double at Trico The Houston offshore vessel owner moved out of the red in the first half thanks to its supply ships. CP details spin-off share exchange Canadian containership to railway operator has announced more details about the planned company split.