BRIEFS

web site

Shipping News

MPA blocks PSA bid for Jurong Marine stake
THE Maritime and Port Authority of Singapore has confirmed it blocked PSA Marine's planned acquisition of a 50 per cent stake in Jurong Marine Services because the move was considered anti-competitive for Singapore's domestic towage sector.
Austal signs breakthrough deal with US Marine Corp

Air and Land Transport

Gene makes some travellers more at risk to condition
EUROPEAN scientists reported yesterday they had shed light on why some people are more vulnerable than others to 'economy class syndrome', the risk of developing potentially fatal blood clots on long-haul flights.
SIA-Tata venture the sole bidder for India airlines
Cathay to cut scheduled flights by 20%
Payments to Concorde crash kin to start this week
Boeing, Airbus to fight for UK refuelling deal
Airlines flying to India hit by plunge in traffic
Asiana reduces first-half profit forecast

web site

Shipping News

MPA blocks PSA bid for Jurong Marine stake
THE Maritime and Port Authority of Singapore has confirmed it blocked PSA Marine's planned acquisition of a 50 per cent stake in Jurong Marine Services because the move was considered anti-competitive for Singapore's domestic towage sector.
Austal signs breakthrough deal with US Marine Corp

Air and Land Transport

Gene makes some travellers more at risk to condition
EUROPEAN scientists reported yesterday they had shed light on why some people are more vulnerable than others to 'economy class syndrome', the risk of developing potentially fatal blood clots on long-haul flights.
SIA-Tata venture the sole bidder for India airlines
Cathay to cut scheduled flights by 20%
Payments to Concorde crash kin to start this week
Boeing, Airbus to fight for UK refuelling deal
Airlines flying to India hit by plunge in traffic
Asiana reduces first-half profit forecast

	web site
JULY 6, 2001
Typhoon snarls sea, air traffic Typhoon Utor struck Hong Kong a glancing blow Friday, shutting down the world's busiest container port and largest international air freight center. Maritime groups call for WTO to free shipping Two influential maritime industry groups called on the World Trade Organization to remove trade barriers to shipping, saying it would slash shippers' transport costs. Georgia ports handle record volume The state's facilities handled more than 1.1 million tons of cargo in May. Chile port strike spreads A work stoppage by longshoremen in northern Chile has spread to four other ports. Sensenbrenner to address NCBFAA conference Crowley in Brazil deepwater logistics venture CSX Lines targets car owners Atlas Air tabs Deleeuw for strategic planning SIA Cargo installs revenue management system Carriers boycott Brussels airport over tarmac security ACL: Yes and no to Grimaldi bid Cho Yang fires directors, eyes new services Halifax eyes Scotland port link Creditors bail out Hyundai

	web site

New battleground for PSA, Hutchison New Jinzhou container terminal Capital move for ECU-line Highest railway in Lhasa TMM Lines adds new port call at Paranagua Intermodal summit in Hamburg Marseille to enhance Asia ties African automobile market surges China Southern, IBM ink pact AA Cargo now on drive-thru Deal stalls for UA and US Air

	web site
JULY 6, 2001
ACL said Grimaldi too low Sabena also files a complaint against Swissair CSX Lines eyes consumer market Corus chooses P&O Forwarding Mainport Rotterdam in Neo Logistic Services Watchdog decreases monopoly of PTT Post TPG and Poste Italiane sign strategic alliance Second live Cho Yang WSJ: Hutchison and antitrust concerns Deutsche Post transfers a service to Securicor JoC Online will be paid service Bank of China joins Bolero.Net

	web site

Exporters cool to Indian rice price US imports 17 per cent more Indian wool garments CII spells out steps to cement ties with Pak CII report sees new items in export basket for US Cotton yarn shipments to China on the rise Vizag Port maintains lead in cargo handling - Major Ports performance in Q1 GMB a pioneer in privatisation of ports sector - Roy Chowdhury unveils Special Issue on Gujarat Ports Pipavav creates new heights in cargo handling A.P. Moller/Maersk Group acquires 14 pc stake in Pipavav Port Rlys modifies STS norms to lure more core commodity traffic Maharashtra draws most export-oriented units, but TN tops in investment Rubber merchants seek hike in bound duty Transfer pricing rules may be ready in 15 days, says CBDT GCCI submits 10-point plan to revive economy State govt to form task force on pharma industry UP unravels export subsidy package for mangoes Service tax leviable on the user of service, says Dr M. G. Venugopalan Pakistan raises wheat import duty by 25 pc Russia hikes sugar import duty Global Network holds 3 seminars

	web site
JULY 6, 2001
INTERTANKO cheers new standard for bunker sampling in Singapore Custody transfer sampling to become new standard procedure for bunkering in the port of Singapore from January 2002 Oil prices on the rise as month-long Iraqi export halt begins to bite Iraqi oil exports to resume shortly Weekly statistics show lower fuel oil stocks in Singapore New weekly global averages

	web site
JULY 6, 2001
Crowley in Brazil deepwater logistics venture Crowley Marine Services and Brazil's Triunfo Operadora Portuaria Ltda intend to form a joint venture to operate a deepwater logistics base in the State of Rio de Janeiro, Brazil. OECD still grappling with shipyard subsidies As the European Union and Korean prepare for a clash at the WTO over shipbuilding subsidies, a working party of the OECD is still struggling with the issue.

	web site

Divers on way to raise ill-fated Kursk As the mission to raise the ill-fated Kursk begins, finishing touches are made to the cruiser Peter the Great in the Murmansk floating dock for which the Russian submarine is destined. Meanw... CMA CGM on brink of CICT deal CMA CGM and P&O Ports are at the point of sealing a deal over the sale of up to 70.3% in Cagliari International Container Terminal, which manages the Cagliari transhipment hub, and may have don... Brokers blast insurers over slow payouts MARINE and energy insurance brokers have hit out at a section of insurers and reinsurers for paying claims far too slowly. They have further underlined that they are fed up with insurersR... NITC to tender for LNG vessels for gas field NATIONAL Iranian Tanker Co (NITC) is preparing tender documents for 10 LNG carriers to service Iran's South Pars gas field. Mohamad Souri, chairman and managing director, of NITC calle... Neu group confirmed as Krupp buyer in Cologne GERMAN steel and engineering group Thyssen Krupp has finally confirmed the long-expected sale of its bulk shipping operation Krupp Seeschiffahrt. As reported before in Lloy...

	web site
JULY 6, 2001
Ocean Glory certificates withdrawn Senate convenes maritime hearings More ignominy for Ocean Glory USCG detains cruise ship China on course to join WTO Hong Kong rides out typhoon New strikes hit Chittagong Shanghai aims for 10M TEU Korea, China form ferry venture Rosario decision delayed Mega-port hitch in Chile Gorthon plans more disposals G-8 payout for Genoa Thai oil merger to be speeded up Sri Lanka dockers win pay hike HHI to cut more group holdings Malaysia blast claims third victim Sri Lanka cracks down on piracy Shipping Australia launched Deely to retire from LSC

	web site
JULY 6, 2001
Panama pulls Ocean Glory 1 ISM certificates Flag state says certificates were issued by an unauthorised third party. Aussies nab eight PSC offenders Authorities see modest fall in detentions at half way stage compared to 12 months ago. ACL says Grimaldi underpaying Directors complain of takeover bid on the cheap but fear rejecting Italian offer. Solstad Offshore in double charter coup The Norwegian offshore owner has signed lucrative contracts for two of its 1990s-built supply vessels. More Texaco cash for Fredriksen's offshore outfit Oil major signs up John Fredriksen's Northern Producer rig for another six months. Neu wins Krupp fleet General Ore International finalises deal to take over 16 bulkers and three car carriers. Northrop extends Newport News offer again Northrop Grumman is giving regulators more time to examine its bid for the US shipyard. Japanese owners clinch Qatar LNG deal Japan's big three have secured at least a 20-year charter with Qatar Gas for an LNG newbuilding. EU to press ahead with Korea WTO action Action set for end of July after last minute telephone calls fail to break impasse over price levels. Brostrom in travel link with Via Seafarer travel key target for Scandinavian joint venture. Crowley Maritime wins Ford terminal contract The US shipowner will run a terminal exporting and importing cars in Brazil. Ming Wah delists in Singapore Second shipping company in a week leaves the main board of the Singapore Stock Exchange.