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Shipping News

S'pore-flagged bulker in hit-and-run probe
A Singapore-flagged coal carrier has been boarded by Australian Federal Police and maritime inspectors off the northern Queensland coast for its possible role in the ramming and subsequent sinking of a 16-metre fishing vessel.
Lloyd's, ABS, DNV zero in on substandard vessels
PSA wins award

Air and Land Transport

Air NZ expands flights to Japan, HK, Taiwan
AIR New Zealand, saved from a financial crisis last month by a government cash injection, announced yesterday it is increasing flights to Japan, Hong Kong and Taiwan.
Some Qantas staff agree to pay freeze; others plan strike
Canada 3000 names bankruptcy trustee
BAA's 2.3b Heathrow expansion plan expected to get govt nod
JAL-JAS merger the first major shake-out in Japan's airline sector
Virgin Express to hire 200 staff as it starts new routes
Log Book

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Shipping News

S'pore-flagged bulker in hit-and-run probe
A Singapore-flagged coal carrier has been boarded by Australian Federal Police and maritime inspectors off the northern Queensland coast for its possible role in the ramming and subsequent sinking of a 16-metre fishing vessel.
Lloyd's, ABS, DNV zero in on substandard vessels
PSA wins award

Air and Land Transport

Air NZ expands flights to Japan, HK, Taiwan
AIR New Zealand, saved from a financial crisis last month by a government cash injection, announced yesterday it is increasing flights to Japan, Hong Kong and Taiwan.
Some Qantas staff agree to pay freeze; others plan strike
Canada 3000 names bankruptcy trustee
BAA's 2.3b Heathrow expansion plan expected to get govt nod
JAL-JAS merger the first major shake-out in Japan's airline sector
Virgin Express to hire 200 staff as it starts new routes
Log Book

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FEFC to hike freight rates CM launch network expansion Exel to transport and install Philips' medical systems P&O duo take on Newark JV OTAL shipment to help fight expanding desertification London Club go for GAC Middle Eastern port closes early for month of Ramadan EC voice concern over US financial support of airlines Controversy over nomination of Crossair board of directors Air France in continued slump

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NOVEMBER 12, 2001
KLM wants more security at Schiphol TT Club extends cover New top man at Imtech DAT starts services Cosco into global alliance

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Ministry hikes lighthouse fees Qatar National Shipping to acquire 15 pc stake in Petronet Impressive 229 per cent rise in strategic electronics exports Nepal refuses to agree on local content, value-addition in export goods NMP restores draught of 14 m Mumbai Port sets record in dry bulk cargo handling Rlys, Gati launch 1st pvt. express cargo train service Forex reserves up by $ 24 million to $ 45,161 million CII makes out case for retaining EPCG, DEPB schemes & Advance Licensing Diesel, petrol, LPG prices hiked SEZ benefits to be extended to AP pharma city China's WTO entry to open new vistas for Indian business Inflation dips Move to tax e-com likened to killing Golden Goose Forex reserves swell for 6th week Handloom sector being groomed for post-MFA era Draft of new PFA rules for meat products Rana: Slew of steps to rejuvenate textile industry likely this month Apeda bid to tap North-East's export potential NHAI studying unified tolling structure on Golden Quadrilateral Govt sketches out blueprint for $ 79-bn exports by 2005-06 Reliance Salgaocar Power Co. gets ISO 14001 accreditation Foreign Trade Analysis: Current Policy & Procedures Man-made fibre to become world's favourite 50 years on IMC seminar on 'Information Security' on Nov. 21

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NOVEMBER 12, 2001
Montreal opens firm after ending last week down Singapore and Fujairah fuel oil gains less than expected Rotterdam bunker market steadies at lower levels Saudi oil minister disappointed with small Russian cut New supplier listing in Ecuador Oil price plummets after new plane crash in New York Brazil bunker price update Rotterdam morning market report New supplier listing in Vietnam directory Crude rally loses momentum on minor Russian cut and comfy stock levels

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NOVEMBER 12, 2001
Almaty-Istanbul container train Railtrack's future still uncertain Roof of the world to get rail link Tiger Lines upgrade service Cochin enforces security rules Canada 3000 grounded Airbus and Emirates form joint venture, predict future growth SIA defers Airbus delivery Congress okays USD 8.9 million to continue Charleston deepening New logistics center for TNT Express Inland shipping freight market, week 45, 5th/9th November, 2001

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NOVEMBER 12, 2001
Port of Seattle completes upgrades at Fishermen's Terminal Washington Governor beefs up National Guard presence at airports Canadian merchant ship sunk top create artificial diving reef American Airlines cutting Seattle to Tokyo flights NYK names new cruise ship CRYSTAL SERENITY

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New York plane crash raises spectre of terror AN American Airlines plane carrying 255 people crashed into a residential suburb of New York yesterday, raising fears of a new wave of terrorist strikes and jolting early signs of global economic r... RMT to fight as P&O Nedlloyd axes last British ratings P&O NEDLLOYD faces angry recriminations over plans to sack the last British ratings employed on deepsea containerships, writes Janet Porter. The union representing 81 seafarers threatene... Inmarsat unveils new speedy data transfer service INMARSAT today unveils its first all-new service in eight years with the launch at Europort 2001 of Inmarsat Fleet, writes Neville Smith . Bound in secrecy until now - though destined...

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NOVEMBER 12, 2001
Air crash sends shares plummeting Grounded box ship freed Alstom considers yard sale 'Healthy crew saves money' South China marine accidents surge Singapore log carrier seized WFP plans Afghan water corridor Liberia ring fences shipping funds Brazil fights for fair food trade Hong Kong acts on crew shortage Coal super-port nearer reality Oz supply chain needs oiling - ICHCA Fire and collision hit cruise ship Greece and Turkey sign refugee deal Australia seeks hit-and-run ship Ho Feng 8 crew rescued RCCL wins Olympic hotel contract New York wins dredging funding Alliance cuts box capacity Lift Straits ban China tells Taiwan

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NOVEMBER 12, 2001
West Coast labor talks hinge on appointment Waterfront employers and the International Longshore and Warehouse Union could begin contract talks earlier than usual next year, but only if the employers group first agrees to the appointment of an arbitrator for Southern California. WTSA sets wastepaper rates The Westbound Transpacific Stabilization Agreement, which represents 13 of the largest carriers in the trade from the U.S. to Asia, on Monday announced its proposed minimum freight rates for wastepaper shipments to key ports in the Far East. NIT League may admit carriers Carriers and intermediaries may soon be admitted to the all-shippers' association. Consolidator indicted on hazmat charges Lykes Lines rolls out Europe-Asia service $98.7 million for maritime security Jet crashes in New York Behrendt new Hapag-Lloyd chairman Cargo slips at UK airports in Oct. Inttra portal claims growth China Shipping buys Norton's joint venture stake LVMH unit signs with QRS Tonnage tax proposed for U.S.-flag ships

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DAT+ déploie sa couverture européenne Avec la reprise des vols de DAT + le week-end dernier, un espoir certain, mais encore léger, de voir une nouvelle compagnie battre pavillon national est légitime. Mais tout n’est pas gagné d’avance, loin de là. Une campagne de promotion de bas tarifs était annoncée pour ce mardi, ou du moins ce début de semaine. “La performance sur l’AN sera encore bonne en 2001, mais 2002 cause souci” “Nous réaliserons encore un bon exercice cette année en ce qui concerne le segment de l’Atlantique Nord (AN), pour la bonne raison qu’il n’est pas envahi par les porte-containers post-panamax de 5.000 TEU et plus. En fait, ce théâtre opérationnel est quelque peu immunisé vis-à-vis de ces navires géants par le fait que New York n’est accessible qu’à des unités d’une capacité maximale de 3.500/4000 TEU. Pour dépasser cette norme, il faudra draguer considérablement.” Courtney Allan, directeur du secteur Atlantique Nord d’OOCL, nous a fait part lors de son passage à Anvers vendredi dernier de son optimisme en ce qui concerne la prestation de son armement sur ce segment de la navigation est-ouest, qui se distingue fortemment du transpacifique et de la relation Europe/Far East. “Pour l’instant, l’AN est toujours positif, mais ce n’est quand même pas brillant”, a-t-il toutefois ajouté. Paul Laeremans élu à la présidence de l’IRU Le Belge Paul Laeremans, administrateur délégué de la FBAA (Fédération Belge des Exploitants d’Autobus et d’Autocars et des Organisateurs de voyages) a été élu président de l’Union internationale des Transports par route (IRU) à Genève. Il entrera en fonction le 1er janvier 2002, pour un mandat de 2 ans. L’assemblée générale de l’IRU a adopté par ailleurs une déclaration sur la fermeture du tunnel du St. Gothard, en Suisse. Elle demande entre autres qu’en vertu des accords du GATT, les restrictions au transit alpin soient suspendues cet hiver. Niinivirta Transport a fait faillite La société finlandaise de transport et d’expédition Niinivirta a été déclarée en faillite le 7 novembre dernier. La procédure avait été entamée par les principaux créanciers. C’est la fin d’une des entreprises les plus en vue de Finlande. D’ores et déjà, plusieurs candidats-repreneurs se sont fait connaître. Les curateurs ont un mois pour prendre une décision.

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NOVEMBER 12, 2001
Carnival stock stages late rally The cruise giant recovers early losses of $2 per share in late trading. Frontline shares holding ground OPEC's 6% oil output cut proposal paints a bleak tanker market outlook for the final quarter. New aframax design to limit large oil spills The Ecomax tanker design is to solve four major problems leading to large oil spills. Northrop projects strong earnings The US defense contractor is to raise 2001 economic earnings per share by 15 cents to $5.95. Frontline slump sharper than expected Profit down 60% but top tanker owner is still seeking out new deals. New York port remains open Areas near Jamaica Bay and Rockaway New York are closed to shipping traffic. Tanker stock mixed in bearish market Bearish major US indicies remain below previous close despite late rebound. CP Ships begins options trading The options will trade on the January expiration cycle. Vanguard earmarks aframax Negotiations are underway with an owner on a tanker for conversion to an FPSO. Behrendt to head Hapag-Lloyd Containership owner names replacement for Bernd Wrede. Baltija sinks into loss AP Moller yard suffers as it focuses on steel modules. Aker Finnyards chief to step down Kari Airaksinen is quitting as managing director of the Finnish shipbuilder. Liberia ring fences shipping cash Revenue from the Liberian register to be set aside for good causes. Splendour heads for Athens Royal Caribbean cruise ship wins first Olympic Games charter. VLCC pool players change tack Owners say the recent performance of Tankers International is evidence low rates are starting to hurt. Boxship grounds off France The Melbridge Bilbao has spilled a small amount of gasoil after hitting rocks. Another 100 jobs to go at PZM Polish bulker giant is streamlining workforce further as restructuring continues.