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Shipping News

Local yards keen on EDB's shared facility plan
SINGAPORE shipbuilding and repair yards are keen to see details of the plan behind a renewed push for a consolidated, shared facility proposed by the Economic Development Board .
Silversea gets US$300m financing
Hapag-Lloyd names new board chairman
Daewoo Shipbuilding Q3 net slips as margin falls
South Korea to build two new ports by 2020

Air and Land Transport

Ailing Sabena to stop flying today
DEBT-laden Belgian airline Sabena will suspend operations today, staff and government sources said, raising the prospect of the first collapse of a European Union flag carrier, along with thousands of job losses.
Airbus, Boeing upbeat about air transport
7 US airport security staff fired for letting through armed man
Air Canada strikes deal with flight attendants
Oct passenger traffic at Delta, Northwest, US Air plunges

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Shipping News

Local yards keen on EDB's shared facility plan
SINGAPORE shipbuilding and repair yards are keen to see details of the plan behind a renewed push for a consolidated, shared facility proposed by the Economic Development Board .
Silversea gets US$300m financing
Hapag-Lloyd names new board chairman
Daewoo Shipbuilding Q3 net slips as margin falls
South Korea to build two new ports by 2020

Air and Land Transport

Ailing Sabena to stop flying today
DEBT-laden Belgian airline Sabena will suspend operations today, staff and government sources said, raising the prospect of the first collapse of a European Union flag carrier, along with thousands of job losses.
Airbus, Boeing upbeat about air transport
7 US airport security staff fired for letting through armed man
Air Canada strikes deal with flight attendants
Oct passenger traffic at Delta, Northwest, US Air plunges

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APL Logistics joins China's Trade Commission board Kooll name change echo trade R&D boost for Singapore Indian lighthouse fees to rise NYK cuts transpacific service First UK drydocks for Grimaldi Ryanair bucks the trend BA's October figures in decline SIA Cargo joins DFW Airport Proposals for increasing quality of British airports

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NOVEMBER 6, 2001
BA shares up after bad result Sabena can't be saved TNT Post result favorable CSX creates online services group FedEx to enhance European service

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CII refocuses on Russia, reopens Moscow office DGAD probing sodium nitrite 'dumping' Japan for fresh trade relations with India PPT plans to optimise use of coal-handling plant Kandla Port's expansion plans will be cleared soon: Vedprakash Goyal Railways launches computerised freight operations information system Reliance Group plans grand entry into logistics services Panalpina's fully integrated logistics chain for IBM Asia Services sector to play vital role in GDP growth Inflation dips to year's low of 2.72 pc High-level steering panel studying options to FIPB, FIAA Naphtha, furnace oil prices pruned State offers to lighten FCI burden by 1 lakh t. a month Minister : Highways as scheduled Minimum capitalisation norms in new auto policy likely Delhi Customs chief elaborates new measures to boost exports Cloth output to go up by 5.86 pc in Tenth Plan Kochi-Karur Petronet pipeline getting ready Accord on grain bank scheme Many FIIs eye stake in Petronet's Dahej terminal Commerce Minister to lead delegation to Doha from November 9 to 13 Singapore voted best business destination

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NOVEMBER 6, 2001
Ship-Service announces MGO supply in Klaipeda Full overview of current Argentinean bunker prices Bunker price indications from Russian ports Montevideo/Alpha Zone bunker price update OPEC crude basket at 2-year low and falling OPEC ministers: Cooperation or price-war on oil

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NOVEMBER 6, 2001
New crane for CMP Jade Tees Line now to Esbjerg DNV/GL cooperate more closely Helsinki: berth inaugurated T&B takes over Frigoscandia T&B signs a new contract with Sainsbury ABX takes over Centauro GT Nexus - Schenker deal Emirates places massive order for Boeing and Airbus aircraft Genoa offers doctorate in logistics and transport

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Alstom shares plunge after Renaissance vow FRANCE'S Alstom saw its share price go into freefall again yesterday as it pledged to reduce its exposure to credit defaults by its shipowner customers in the wake of the collapse of Renaissa... Tug crewman killed during Varyag rescue operation AN accident yesterday in the Aegean Sea claimed the life of a seafarer on board the tug that had brought the runaway aircraft carrier Varyag under control earlier this week. Greece's m... First TotalFinaElf executive charged over Erika spill An executive of TotalFinaElf has become the first from the firm to to be charged with marine pollution and complicity in endangering human life following the loss of the Erika , writes Andrew Spurr...

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NOVEMBER 6, 2001
Seaman dies in Varyag saga Alstom slumps after profit warning Cargo tax will fund port security UK approves Superfast grant ASEAN, China set for trade pact Santos to shake off Brasilia Panama deputy director charged Dockers shut down EU ports Six in race for Cochin LNG plant Manila to be testbed for new rate Ro-ro terminal plea from Grimaldi HK govt gives logistics a boost Korea to ease yard credit PSA sets sights on Adriatic trio Wet autumn lift for lakers ASEAN liberalisation wins backing JNP bulk terminal open to offers US/Canada customs review security Alstom shares slip on lower interims IACS to harmonise bulker notations

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NOVEMBER 6, 2001
Expeditors gains in 3Q The forwarder bucked the slowdown to post an earnings increase. Portal first as Schenker joins GT Nexus, after Inttra The German-based freight forwarding group has become the first transportation service provider to join two of the three competing multi-ocean container carrier Web portal services. UPS hikes rates 3.5% for 2002 Commercial ground services will increase an average of 3.5% and the residential premium will increase from $1.05 to $1.10. Acquisition boosts Interpool results China looks to foreign transport investment Airbus superjumbo gets boost Oct. cargo off at British Airways Suape terminal sets Dec. start Atlas Air completes acquisition of Polar Air Cargo Descartes offers Euro wireless services APL Logistics to join China trade board Busick to lead FAA security TPG income up 11.5%

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D.Logistics va gérer le centre de distribution de Mölnlycke à Waremme Le logisticien allemand D.Logistics a passé un accord avec l'entreprise suédoise Mölnlycke Health Care par lequel D.Logistics reprend la gestion du centre de distribution européen situé à Waremme. La capacité du magasin sera doublée et les autres magasins locaux en Europe seront fermés. A l'avenir (lire: 2003), les produits finis seront directement livrés aux clients depuis Waremme. Sabena: c'est la fin... La Sabena n'est pas parvenue à trouver un repreneur pour ses activités aériennes. Elle ne sera pas non plus relancée via sa filiale régionale DAT. Le principal intéressé, Virgin Express, a en effet décroché hier. La Sabena n'a donc d'autre solution que de demander la faillite. Ce qui était prévu pour hier soir, après la clôture de cette édition. Zeebrugge: Sea Park traitera un million de pneus cette année Le parc de distribution qu'exploite Sea Park à l'extrémité sud de l'arrière-port de Zeebrugge est à la veille d'une nouvelle phase d'expansion. La surface actuelle du parc sera portée de 40.000 à 70/75.000 m2. La fonction de distribution exercée par Sea Park pour le producteur japonais Firestone/Bridgestone - qui se limite aujourd'hui aux pneus d'autobus et de poids lourds - pourrait être étendue aux pneus de voitures dès l'année prochaine. Pour le transporteur routier italien le SSS est trop cher Les conventions Euro-Med "From land to sea" qu'organise chaque année depuis cinq ans l'armement Grimaldi (groupe Naples) ont ceci d'intéressant qu'elles obligent certains milieux politiques et professionnels du transport, plus précisément italiens, à prendre conscience des enjeux du short sea, des possibilités que présente cette alternative et des obstacles qui subsistent à son expansion. Comme l'a très bien souligné l'échevin du port d'Anvers L. Delwaide lors de ladite conférence, rien que la région de la mer du Nord compte plusieurs milliers de kilomètres de côtes, les principaux centre de croissance économique et industrielle sont à des distance de moins de 400 km des ports, 70% d'entre eux étant à mois de 200 km de la mer. On peut donc comprendre cette volonté européenne de développer le short sea shipping (SSS).

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Carnival in freeze mode The cruise giant will freeze salaries and hiring of employees in 2002 as a cost cutting measure. Navigators forms new insurance unit Navigators Pro will specialise in D&O and professional liability. Erika probe deepens The total number of people under investigation by the French court may rise to 13 from eight. Royal Olympic seeks late delivery settlement Greek cruise line and Blohm+Voss move to resolve Olympic Explorer row. China goes big on Beijing port The largest logistics port in China is to be completed in 2006. Somargas secures Chinese shipping loan The Norwegian gas company will buy four LPG vessels from China Shipbuilding Trading Company. New York port to reopen to cruise ships Adventure of the Seas will be the first ship to enter New York harbour since 11 September. Northrop revises Newport News offer The US defense contractor stipulates conditions to its $67.50-per-share price offer. Unitor hikes debt provision Ship supplier facing bid from Jens Ulltveit-Moe warns of market uncertainty. Finnlines goes for share buy-back The Finnish ferry operator is spending surplus cash on buying up to 5% of its own stock. Bridging loans available for HMM Korean banks could step in with extra cash if Hyundai Merchant Marine struggles to clear debts. Turkey tightens up Bosporus security Gas carriers to be escorted through vital Istanbul shipping lanes. Allen appointed to E A Gibson board Success of small tanker desk venture earns founder directorship at London shipbroker. Alstom counts cost of Renaissance exposure French shipbuilding group makes EUR 110m provision for financial backing it gave collapsed cruise line. Santander to sell Trasmediterranea Bank appointed to manage privatisation of Spanish ferry line. Forex losses hit Korea Line Net profits sink into the red at Korean bulk and LNG operator due to collapsing won. GoReefers and Zen in China logistics move Two companies link up to develop a logistics setup for transporting reefer produce to and from China. Daewoo lassoes BP's Crazy Horse Korean yard beats rival Hyundai to oil major's $380m offshore newbuilding project. Palmer pops up at LevelSeas Industry veteran joins the dot com race one month after quitting Dorado Tankers. Smedvig Asia inks rig acquisition from KHZ Offshore drilling contractor completes purchase of outstanding stake in semi-sub from Singapore yard.