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Shipping News

PTP poised to take in M-E cargo if hostilities break
MALAYSIA's Port of Tanjung Pelepas is poised to take advantage of developments following the recent terrorist attacks to establish itself as a strategically positioned cargo storage port.
Rough seas stop efforts to save cargo from ship
Newport News to open merger talks with Northrop

Air and Land Transport

US says airlines with solid plans to get guarantee
US airlines with sound business plans, private lender backing and employee concessions will have preference in getting some of the US$10 billion in federal government loan guarantees, a US official said.
UK does urgent review of airport security
Chinese airlines levy insurance surcharges
Myanmar Airways cuts flights after US attacks
South Korean airlines to get payment guarantee
Swissair must live

web site

Shipping News

PTP poised to take in M-E cargo if hostilities break
MALAYSIA's Port of Tanjung Pelepas is poised to take advantage of developments following the recent terrorist attacks to establish itself as a strategically positioned cargo storage port.
Rough seas stop efforts to save cargo from ship
Newport News to open merger talks with Northrop

Air and Land Transport

US says airlines with solid plans to get guarantee
US airlines with sound business plans, private lender backing and employee concessions will have preference in getting some of the US$10 billion in federal government loan guarantees, a US official said.
UK does urgent review of airport security
Chinese airlines levy insurance surcharges
Myanmar Airways cuts flights after US attacks
South Korean airlines to get payment guarantee
Swissair must live

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Japan trade surplus continues fall FS Mackenzie targets Russia for future expansion Cargo Partners track China trade CP Ships to be included in S&P/TSE 60 index Singapore Airlines details service reductions Thai expects 7pc drop in freight MAS unveils network restructuring programme

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OCTOBER 5, 2001
Court protection Sabena TNT Post in German mail market Bankruptcy nears for Swissair Cuts KLM to Affect 2,500 Jobs Greek agent for Contship

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Ships calling US ports must give 96-hour notice - Step to ensure safety & smooth flow of commerce Samrat Shipping clears first LCL consignment ex-CWC CFS, Verna Dumping probe into PHPG base from China, Singapore Chennai Port handles 19.13 mt in first half Port workers, seafarers 'action week' against FoC vessels from today Mundra port gets first urea consignment Paradip Port may privatise some operations AI may slap $ 5 insurance surcharge Rlys get rolling again on wagon orders Shot-in-arm for exporters, says exim community DGFT hints at new package deal for exporters taking shape Centre clears Rs 278-cr FDI proposals I-T Dept taxing drawback received, claims CIAe chief RBI revises Re value for exports to Russia New panel soon to prove govt means business State wants Delhi to recognise Dronagiri SEZ Aluminium cos slash prices Fieo chief fears slowdown in exports Foreign Trade Analysis: Current Policy & Procedures S. C. Mathur takes over as Customs chief of Gujarat

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OCTOBER 5, 2001
New weekly global averages EIA forecasts lower oil demand Korea and Singapore markets rebound Pressure grows to expand US petroleum reserve Crude continues firm on war nerves Mostly slow week in pacific North West markets Los Angeles well supplied, marginally softer Steady markets in Montreal and Halifax Some tight avails on US East Coast markets

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Security Task Force formed for Portland International Airport Rail freight totals post declines for September and third quarter Steel imports into US edge up during August Federal Maritime Commission releases Ocean Shipping Reform Act study A.P. Moller christens 3,700 TEU container ship LEXA MAERSK

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Only the lawyers are enjoying this view of jammed Gibraltar GIBRALTAR was this weekend crammed with passengerships, but it was not the sort of business the budding cruise port has been working so hard to attract. As the bulk of the Renaissance Cruis... IMO wins ban on TBTs after 10-year struggle Tributyltin faces a global ban as a component of marine anti-foulant coatings after a landmark vote by the International Maritime Organisation. IMO delegates capped 10 years of dialogue on... Operators claim unfair treatment over Nato charters SEVERAL Mediterranean cruise and ferry operators have complained of not receiving hire for charters at last month's aborted Nato summit in Naples. The three-day gathering of Nato defe... Dutch shippers refuse to pay war risk surcharges DUTCH shippers are refusing to pay any war risk surcharges imposed by the shipping lines and warn that if carriers should refuse to carry cargo, possible legal action may follow, writes Helen Hill.... HMM president resigns Hyundai Merchant Marine president Kim Choong Shik is resigning after two years in the job at Korea's largest shipping company. Mr Kim did not give any reasons for his departure, but h...

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OCTOBER 5, 2001
Italians show Brazilian interest Kværner figures worse than thought Spanish yard extends LNG contract Dutch yard sheds workers Support for 'places' of refuge Lines to resume Pakistan service War risk hits tanker owners Accord reached on bunker changes UK cruise line weathers the storm Minoan posts healthy interims Korea joins FOC campaign Patrick moves Brisbane operations New approach needed in piracy fight HMM chief's resignation surprise Rotterdam orders permanent boom Paradip plans part-privatisation Fincantieri optimistic on cruise TCS aims for December opening Panama probes Kamikawa sinking

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OCTOBER 5, 2001
Dems plan $50B for transport An economic stimulus package announced by House Democrats would earmark $50 billion to bolster the nation's transportation infrastructure. Northwest changes security surcharge The airline, one of the first to set a surcharge following the attacks of Sept. 11, is changing its plan. House gets port security bill The first of what may be a handful of measures designed to improve port and maritime security has been introduced in the House. New Taiwan port studied A project to build a new port outside Kaohsiung would make the southern gateway a regional container center for Asia. DOT pays airlines $2.4 billion Coast Guard posts new port reporting rules Enzi urges passage of export controls bill Boeing chief calls on business to "take risks" EGL revises forecast, see 3Q loss Sabena gets bankruptcy protection Air France, Alitalia El Al set cargo surcharges

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OCTOBER 5, 2001
AMCV loses travel insurance coverage Travel insurance firms are very sensitive to any perceived credit risks of small cruise firms. Boeing eyes USCG Deepwater project The aerospace company together four industry partners make a $2.3bn proposal to the Coast Guard. Intertanko urges risk zone "waiting areas" Association wants designated areas with lower insurance cover to lessen the financial impact on owners. SCA urges speeding up of new US tanker orders US-flagged shipowners needing to order double-hulled vessels are faced with limited open slots. Newport News may see bidding war The doors will be wide open for higher bids if the Pentagon endorses neither of the two bids. Kvaerner to hold shareholder meeting Main shareholder Aker Maritime asks for extraordinary general assembly of investors in troubled group. Enterprises loses charter for arrested ship Charterer scraps deal for Victor Restis-controlled boxship - and another contract is looking shaky. Skaugen stays on course Norwegian owner sees no immediate threat from attacks and downturn fears. Daewoo-Mangalia in line for credit Romanian yard joint venture looks to tanker newbuildings, as loan promises financial support. Polish yard begins redundancy programme Szczecin shipyard has laid off 30 staff, with more than a thousand still facing the axe. HMM president resigns Korean company chief Kim Choong Shik steps down in shock move. Singapore bunkering techniques questioned Policy of "air blowing" by some suppliers is jeopardizing safety and short changing owners says Intertanko. Mitsui expects losses to double Japanese shipbuilder heads into the red in first half, as a new share price rule hits bottom line. Pressure builds for US oil reserve increase Congressional subcommittee passes resolution urging an increase in the emergency stockpile. Shareholders answer Austal cash call The Australian shipbuilder now has the funds to pursue its development strategy. Share value rule sends IHI losses plunging Shipbuilder revises profits as accounting changes force firms to take charges on stockholding losses. US to keep closer eye on arriving ships Authorities are creating a National Vessel Movement Center to monitor shipping as port arrival notice periods jump.