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Shipping News

Rival ports not a threat to PSA, but direct services
PSA Corporation faces its toughest competition from direct services rather than rival ports, according to deputy group president of operations Ng Chee Keong.
Maritime bodies slam Aussie stand on refugees

Air and Land Transport

Airline jet orders plunging, with no relief in sight
ORDERS for jetliner production have continued to nosedive in 2001 from their peak three years ago and no relief is in sight as global airlines bleed money and face a turbulent 2002, industry experts said.
Air India's privatisation at risk after SIA pullout
HK caterer cuts jobs after loss of Cathay Pacific deal
Largest Canadian charter airline ordered to improve its flight crew training
Log Book

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Shipping News

Rival ports not a threat to PSA, but direct services
PSA Corporation faces its toughest competition from direct services rather than rival ports, according to deputy group president of operations Ng Chee Keong.
Maritime bodies slam Aussie stand on refugees

Air and Land Transport

Airline jet orders plunging, with no relief in sight
ORDERS for jetliner production have continued to nosedive in 2001 from their peak three years ago and no relief is in sight as global airlines bleed money and face a turbulent 2002, industry experts said.
Air India's privatisation at risk after SIA pullout
HK caterer cuts jobs after loss of Cathay Pacific deal
Largest Canadian charter airline ordered to improve its flight crew training
Log Book

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Brennan offers Canada services Second expressway to link Hong Kong and Guangzhou EMTA announces rate hikes Pacific Concord appoints new GM Roche names Danzas for Latin America logistics PSA advisory council holds maritime meeting How much is Air India really worth? Lufthansa's Sabre charge Dana chooses Hellmann and Schenker for air freight

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AUGUST 31, 2001
Slight rise in profit Frans Maas Air New Zealand down TPG and Styria Medien expand mail cooperation UAC management buyout finalized Lykes Lines launches 3-continent link Wilson acquisition in Australia Polar weekly service from JFK to Sweden

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GE Shipping signs pact with Hanjin Heavy Ind. for 2 product tankers Ved Prakash Goyal new minister of Shipping Prospects for raw sugar exports to Pakistan promising Definitive anti-dumping duty on white cement from UAE, Iran mooted Tyre exports rise 25 per cent in Q1 Hardware sector struggles with cheap imports India, Pakistan in competition for Iraqi wheat market Concor links JN Port directly to Agra, Gwalior & Kanpur Lufthansa sees rosy horizon Korea, Germany strike deal for 'Open Skies' Qantas to launch Australian Airlines in 2002 Air NZ shows interest in Virgin Blue stake 4 Indonesian Airlines To Form Alliance Perishable cargo centre U-Freight opens for business in Jakarta Malaysia to build new cargo airport Duty-free market access may boost exports to US by $ 200 m Govt denies move to cut veg. oils duty Govt identifies 50 Pak products for tariff rate cuts Crucial talks on Bangalore airport this month Gujarat tops in luring capital investments to core sector Crude palm oil import duty likely to be cut Coir Board inks MoU with NCTI Green signal for FDI proposals worth Rs 880 cr. World Bank extends $ 800 m for road projects in India Import registration certificates made mandatory for foreign drug firms Steps to soften impact of global slowdown will be announced soon: Sinha R. N. Malhotra elevated to Rly Board Chairman Industry should welcome WTO regime challenge: Irani Iraq team coming to inspect wheat cleaning units

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AUGUST 31, 2001
Brazil bunker price update New weekly global averages New trader listing in Spain Vancouver tight till mid-week Strong Seattle and weak Portland market gives unusual price patterns New supplier active in Bulgaria Some tight avails in Los Angeles

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AUGUST 31, 2001
Maersk Sealand Natural AG (Switzerland) extends its partnership with Transnatur (Spain) Lykes Lines Launches Three-Continent Link OTAL moves charity shipment to assist the blind in Sierra Leone Hellmann establishes joint venture in China South African Airways plans to resume flights to Kinshasa APL in the Caribbean

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AUGUST 31, 2001
Port of Seattle plans to turn over Crane maintenance to terminal operators Rail freight figures tumble during week ending August 25 Tacoma groups hold technology breakfast featuring delegation from Fuzhou, China Washington Public Ports Association publishing environmental handbook Last chance to reserve tickets For Portland Shipping Club Family Day

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Troop ship set to take Tampa refugees ashore AUSTRALIA is to use a troop ship to ferry hundreds of stranded asylum-seekers to whom it denied entry to Papua New Guinea, on the next stage of their odyssey. Australian prime minister John... Slowdown halts CMA CGM and China Shipping's Shanghai Express service CMA CGM and China Shipping are planning to suspend a joint transpacific service as market conditions deteriorate. The two carriers are expected to confirm within the next few days that the S... Statoil clears way for Navion partner STATOIL has cleared the way for a new partner to step in at Navion by acquiring the outstanding 20% held in the shuttle tanker operator by the Rasmussen Group. The Norwegian state oil giant... Former Polish Steamship chief charged POLISH prosecutors in Szczecin have found enough evidence against Janusz Lembas, the former chief executive of Polska Zegluga Morska (Polish Steamship), to charge him with fraud and embezzlement, w...

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AUGUST 31, 2001
UNHCR may end Tampa deadlock Indonesia puts up the shutters Statoil/Rasmussen sign peace deals Canaries swoop on cocaine ship Swan takes flight as rates firm Durban gets back to work Three missing from abandoned ship BC ferry inquiry launched SembCorp denies Indonesian plans Nenaco hit by redundancy costs Pressure mounts on Australia US makes two new drug seizures Brazilia defends Santos plan

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AUGUST 31, 2001
Safmarine joins US-S. America trade Effective Sept. 27, Safmarine, a subsidiary of A.P. Moller Group, will join its sister company Maersk Sealand and nine other carriers on two services between the U.S. East Coast and the east coast of South America. Tanjung Pelepas upgrades traffic system The move ensures that the rapidly growing Malaysian port will have a radar-based system to manage all shipping activity within the port's waters and thus maintain "a highly efficient flow of traffic entering and exiting the port," a spokesman said. S. Koreans study Trans-Siberian Railway Rail experts are surveying the network in preparation for a link between the Russian and Korean systems that would allow faster and cheaper movement of cargo from Korea through China and Russia to Rotterdam. Commonwealth Business Media acquires reference books Pilots rates fall on Great Lakes U.S. South Europe conference leaves bunker charge unchanged Hatcheries decry new postal limitations Carriers cut war-risk surcharge to Colombo Swissair cuts more jobs, sells assets

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AUGUST 31, 2001
Cargoship runs aground near Miami The accident is attributed to human and communication errors. US Customs busts Hansa Commodore The US customs rakes in $2.9m worth of maijuana from the cargo ship in Miami. FAL frustrated by Lasco stalemate The UAE owner still wants to buy Latvia's tanker company, but is meeting a wall of silence in Riga. Losses widen at Minoan Lines The Greek ferry company has been hit by high bunker prices in the six months to June. Blue Star in the red Bigger bunker bills push Gerassimos Strintzis ferry line into loss. Australia blocked from moving Tampa Court grants injuction to stop refugee ship being towed from territorial waters. Rasmussen to reinvest in shipping Dag Rasmussen looks to tighter focus on energy shipping as capesize sale confirmed. Statoil acquires 100% of Navion Statoil pays $176m to settle row with Rasmussen over shuttle tanker venture. Japanese insurers eye US Mitsui Sumitomo Marine Management kick off organisational changes from October. UNHCR steps into Tampa crisis Officials from Australia, Indonesia and Norway meet in bid to find refugee compromise. Loki giant takes a time-out The Norwegian company's revenues will be hit when the world's biggest tanker enters drydock. Great Eastern returns to Hanjin Heavy The Indian owner has ordered two products tankers from the Korean yard.