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Shipping News

NOL tanker arm outlines IPO expansion plans
AMERICAN Eagle Tankers , the tanker arm of Neptune Orient Line , says it will use the proceeds - up to US$150 million - of its initial public offering to buy more and larger crude carriers and possibly other tanker companies as it expands into long-hual, port-to-port petroleum carriage.
Dutch recognise Filipino seamen's certificates
Green Award Foundation takes green award
Big 3 class societies prepare safety rules

Air and Land Transport

Asia-Pacific seen leading in air passenger growth
THE Asia-Pacific region will see airline passenger traffic doubling over the next 15 years, growing more quickly than the rest of the world at a rate of nearly 5 per cent a year, according to a new report.
PAL sees sharp rise in yr to March 2002 earnings
China Eastern acquires Great Wall Airlines
BA, KLM resume talks on 5b merger
Beijing airport to buy into two airports
China delays jet sale approvals: Bombardier

web site

Shipping News

NOL tanker arm outlines IPO expansion plans
AMERICAN Eagle Tankers , the tanker arm of Neptune Orient Line , says it will use the proceeds - up to US$150 million - of its initial public offering to buy more and larger crude carriers and possibly other tanker companies as it expands into long-hual, port-to-port petroleum carriage.
Dutch recognise Filipino seamen's certificates
Green Award Foundation takes green award
Big 3 class societies prepare safety rules

Air and Land Transport

Asia-Pacific seen leading in air passenger growth
THE Asia-Pacific region will see airline passenger traffic doubling over the next 15 years, growing more quickly than the rest of the world at a rate of nearly 5 per cent a year, according to a new report.
PAL sees sharp rise in yr to March 2002 earnings
China Eastern acquires Great Wall Airlines
BA, KLM resume talks on 5b merger
Beijing airport to buy into two airports
China delays jet sale approvals: Bombardier

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United names Gibson cargo VP UAL veteran Roger Gibson succeeds Jim Hartigan, who left the airline to head Integres Global Logistics. Customs to launch ITDS The agency has slated the start-up of its International Trade Data System for later this month. Lufthansa, pilots settle The airline and its pilots union reached a pay agreement today, ending a dispute that triggered two costly strikes at Europe's No. 2 air cargo carrier. Unions plan S.C. protest Dockworkers will rally in Columbia, S.C. Saturday to protest the state attorney general's decision to prosecute five longshoremen arrested in last year's port riot. Airbus chooses Vastera software Navis opens consultancy Thai air hub plan revived Lines to market forest products ships Election to be slated for Houston-Galveston port merger Swisscargo drops Shanghai service Con-Way adds XML bill of lading feature Hutchison, Ningbo PA sign development deal Pakistan expands electronic processing of air export bills For forwarders, Integres questions remain

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FE/ECSA rate restoration Xiamen hub added to U-Freight's Chinese jv Registro Italiano Navale approved by authority Le Roux appointed OTAL MD APL unveils Africa service MOL promotes Kodama to outside director Cargo condition database opens on the web New DHL centre largest of its kind in Hong Kong US lure for Atlas and Volga-Dnepr Emery takes Ingersoll business

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JUNE 8, 2001
Agreement Lufthansa and pilots Maersk Sealand in Taipei consortium Korean Lines glad with Cho Yang Swisscargo restructures Far East network French Swissair lines maybe bankrupt Two new KLM combi'flights to Johannesburg USPS to fade away?

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Shahi Shipping deploys larger vessel between JNP & Mumbai Port Dumping duty rates mooted on select steel grades from Russia, China Mango exports may increase this season China Motor Corp. signs pact with PAL Leather traders call on Maran Ministry hikes wheat export quota to 50 lakh tonnes, extends export deadline Dumping duty on vitamins from EU, Singapore likely 4-laned roads to connect Major Ports soon Trustees on JNPT Board VPT offers tariff concession to container ships Gammon India awarded berth construction at VPT Tulsi Forwarders excels at ICD-Dashrath Samsons Group's customs bonded warehouse opened AAI to improve Hyderabad airport infrastructure facilities 10-year tax holiday for inland water transport sector Boeing plans to move into air traffic control business BA World Cargo revenues rise to $ 900 m Qantas Freight forms alliance with Thai Air Cargo 3 parties emerging in bid for Sydney airport Lufthansa records best-ever results BAX Wins Airbus, Air France Accounts Vietnam Airlines in deal with US carrier DHL's operations increased UPS acquisition Drawback rate cuts damaging to exports: Fieo Tripura to set up 2 LCS at Agartala PLL decides to double Kochi LNG project capacity Besides Customs Laws, Customs Officers are to gain expertise in many other laws too

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JUNE 8, 2001
IBIA maps out its future US crude oil stocks up 8% from last year Poor week for Singapore suppliers as prices end on a low New weekly global averages Seattle, Portland and Vancouver market review Softer markets in Los Angeles and San Francisco

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JUNE 8, 2001
Halter inks OSV contract Halter Marine, Inc. has signed a contract for the new construction of a 230-ft offshore supply vessel for Kim Susan, Inc. Harland & Wolff wins Glomar appeal The Court of Appeal in London today ruled that Global Marine pay Harland and Wolff the amounts of $27 million and $3.3 million in relation to the outstanding delivery installment payable on the drillship Glomar Jack Ryan. Class leaders set for July implementation of stepped up safety measures IFlag states have been advised that, as of July 1, each of the Big Three classification societies will decline to issue ISM SMC certificates on vessels which they do not also class. Flag states in information exchange agreement Vanuatu and the Marshall Islands have signed an agreement to exchange information on vessels when flag transfers are made. New product from Leica Marine GPS Leica Marine GPS introduces what it says is the "first fully integrated GPS/DGPS/AIS shipboard system" SafeNet software for FPSO ABS Nautical Systems LLC is to provide itsmaintenance management software for an FPSO (floating production/offloading storage) vessel currently under conversion in Singapore.

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JUNE 8, 2001
Port of Bellingham leases space at airport to Safe Transportation Systems of Candada Oregon governor nominates Mary Olson to the Port of Portland Commission Coast Guard Cutter toreceive "snowflake" award for seizure of 13.2 tons of cocaine off fishing vessel New Norwegian ambassador welcomed at luncheon reception on June 21 Volunteer effort brings new glow to Portland waterfront treasure

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Terminals seize Cho Yang containers US west coast terminal operators have seized over a thousand containers leased to Cho Yang as the container line's financial troubles cause port congestion, writes Rainbow Nelson . As termi... LISCR 'won't be hit by travel ban' SENIOR executives at Liberia International Ship & Corporate Register have rejected suggestions that the UN travel ban on senior Liberian maritime officials will impact the registry's oper... Downturn is over claim major ports TERMINAL operators and port authorities on the north west coast of America have observed the first green shoots of recovery in the US after the economic downturn of the last four months. Th... Lords appeal as Global loses Harland and Wolff round 2 GLOBAL Marine is to make an appeal direct to the House of Lords following the Court of Appeal's ruling in favour of Harland and Wolff. Although Global Marine was refused leave to appea...

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JUNE 8, 2001
Genmar locks in Georgiopoulos until 2005 The company's CEO gets a new contract with an annual salary of $450,000. Anchorage port to raise tariffs The tariff hike is expected to boost Port of Alaska's revenue by $369,500 annually. Global Marine to appeal H&W drillship decision The US owner is going to the UK's House of Lords to overturn Friday's ruling in favour of Harland & Wolff. Damaged Chilean ship skips oil transhipment The vessel will shift crude cargo onboard to meet the maximum draft of San Vincente harbour. Row brewing over FISC brokers' fees Shipbrokers Braemar and ACM want their money for working on the aborted sale of FISC tankers to Stelmar. High water levels close part of Missouri river The section from mile 146 to 293 has been shut to traffic since Wednesday afternoon. NYK cashes in on growing maritime funeral trend The largest Japanese shipping company offers various burial destinations on its operating routes. NITC joins queue for period cover Charterers appear to be hanging back from fixing large tanker tonnage as they wait for rates to adjust. SPaP sell-off scrapped Slovakia has cancelled the sale of state shipowner SPaP to a little-known investor. B&N buys into Gorthon Lines Sweden's Gorthon Lines has finally found a partner to hook up with on forest product trades. Hutchison Whampoa to sign for Ningbo port The Hong Kong group is buying a 49% stake in phase two development at the Chinese port. Unithai sells veteran cargoship for scrap The Thai owner has sold a 1976-built tweendecker for demolition, the second such deal this year. Australia nabs eight A Transmed Shipping-managed capesize fell foul of Australian port state control inspectors during May. Fredriksen picks up another $100m Tanker giant is laughing all the way to the bank as he collects Osprey dividend. Marine Expeditions ceases trading Lack of new funds and passengers closes Canadian adventure cruise company.