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Shipping News

Go-slow action cripples Chennai port
A labour dispute has brought India's second largest container port to its knees costing the industry - including local trade and shipping lines - an estimated US$1 million a day.
M'sia steps up patrolsin fight against piracy
Keppel's Philippine towage unit bags charter deals
Hopes dim of finding shipwreck survivors

Air and Land Transport

Thai Airways expects Jan-Mar loss to be bigger
THAI Airways International pcl said the loss in three months to March exceeded the loss in the previous quarter because the weakness of the baht forced it to book a foreign exchange loss.
Korean Air's loss much bigger than forecast
Weaker won pushes Asiana into the red
Three parties emerging in bid for Sydney airport
Virgin Blue applies for NZ rights
Vietnam Air to invest US$1b in aircraft

Features

Hardship worsens piracy
TWO small fishing boats draw a rope across the path of a freighter, letting the big ship's motion pull them forward and swing them alongside.

web site

Shipping News

Go-slow action cripples Chennai port
A labour dispute has brought India's second largest container port to its knees costing the industry - including local trade and shipping lines - an estimated US$1 million a day.
M'sia steps up patrolsin fight against piracy
Keppel's Philippine towage unit bags charter deals
Hopes dim of finding shipwreck survivors

Air and Land Transport

Thai Airways expects Jan-Mar loss to be bigger
THAI Airways International pcl said the loss in three months to March exceeded the loss in the previous quarter because the weakness of the baht forced it to book a foreign exchange loss.
Korean Air's loss much bigger than forecast
Weaker won pushes Asiana into the red
Three parties emerging in bid for Sydney airport
Virgin Blue applies for NZ rights
Vietnam Air to invest US$1b in aircraft

Features

Hardship worsens piracy
TWO small fishing boats draw a rope across the path of a freighter, letting the big ship's motion pull them forward and swing them alongside.

web site

Shipping News

Go-slow action cripples Chennai port
A labour dispute has brought India's second largest container port to its knees costing the industry - including local trade and shipping lines - an estimated US$1 million a day.
M'sia steps up patrolsin fight against piracy
Keppel's Philippine towage unit bags charter deals
Hopes dim of finding shipwreck survivors

Air and Land Transport

Thai Airways expects Jan-Mar loss to be bigger
THAI Airways International pcl said the loss in three months to March exceeded the loss in the previous quarter because the weakness of the baht forced it to book a foreign exchange loss.
Korean Air's loss much bigger than forecast
Weaker won pushes Asiana into the red
Three parties emerging in bid for Sydney airport
Virgin Blue applies for NZ rights
Vietnam Air to invest US$1b in aircraft

Features

Hardship worsens piracy
TWO small fishing boats draw a rope across the path of a freighter, letting the big ship's motion pull them forward and swing them alongside.

	web site

Banks joins trade firm Former U.S. Customs Deputy Commissioner Samuel H. Banks will oversee the development of Customs' automation modernization project. Atlas Air lays off 105 The carrier is cutting crew member jobs in response to weakening demand for its aircraft. DOT OKs DHL as forwarder The agency rejected challenges by United Parcel Service and FedEx Corp., a move that is sure to intensify global competition among the three express giants. Japan's business ethics improve Shareholders are pushing for change in Japan's shoddy business practices. EU creates Web maritime institute CSX Lines offers Web services New consortium boosts Asia-India services Air France orders Boeing freighters ECT manager to join Ceres Kelly: UPS will meet estimates

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Coscon calls at Wenzhou Qi Li Qatar lifts monopoly on ship agency services Cho Yang takes up with IRISL MOL launches Zimbabwe office Relaunch of the Mriya Sabena, Swissair go online BAX wins Airbus, Air France accounts

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MAY 14, 2001
German victory in US express war Tupolev designer has left us CMB is rising Strike at Delta subsidiary

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Essar Shipping draws up fresh investment plan SCI announces VRS New Singapore-India WC service launch this month-end - ACL, Hyundai, MOL, Samudera join hands TNWA announces New Europe-China Express service - NEX Maersk Sealand plans Genoa hub Maersk Logistics bags two AFIA trophies Lykes upgrades US-Africa service CSAV, Zim in Pacific agreement New Far East-Red Sea service from Uniglory BV proposes 12,500-TEU mega containership CMA-CGM offers 2 new US-S. America routes ECU-Line starts direct weekly service to Penang Clipper Elite starts new liner service Hutchison expanding operations Tidewater lifts earnings by 12 per cent Hyundai books $ 474 m sales in Q 1 Caterpillar introduces compact marine propulsion engines ANZDL offers cargo insurance Antwerp port expansion attracts Asian shipping lines to Europe Hamburg Sud routes American services through Antwerp PSA Corpn signs Belgium port deal Far East lines hike rates Panalpina's profit swells by 23.5 per cent World Shipping Council launches website 80 lakh tonnes of grains for export India may stand to benefit from international coffee accord Export curbs on 9 farm items being dismantled 13 food parks cleared Drastic changes envisaged in new agriculture policy Ficci seeks removal of cotton export curbs Domestic tax rates only for foreign cos paying dividends in India CRR cut timely, say apex chambers Tech upgrade norms for vegoil sector mooted Assocham study notes 100 pc cost overruns in major core projects Forex reserves swell by $ 128 m RBI cuts CRR by 0.5 pc to 7.5 Forex Reserves down by $ 111 million to $ 42,654 million Trade promotion cell for North-East region 'Jewellery Arabia 2001' in October Ficci leading 35-member team to Pakistan Budget-making exercise lacks transparency: IMC

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MAY 14, 2001
Quiet week-start and softer afternoon prices in the ARA region Jury still out on fuel oil cargo avails in Singapore Avails return in Canary Islands South European markets open mostly quiet, another possible strike in Piraeus Brazil fuel oil down by $5-8 No more cuts from OPEC in June New weekly global averages

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MAY 14, 2001
OMI buys two and sells one OMI Corporation is to acquire two vessels that are currently on long term time charter. In an unrelated transaction, it will sell another vessel. Somebody is buying shuttle tankers OMI is selling the 2000-built LOIRE, a Suezmax tanker with advanced design capabilities that make it especially attractive to shuttle operations. FGH gets approval for BLM sale Friede Goldman Halter, Inc. says Judge Edward Gaines has approved the previously announced sale of Brissonneau & Lotz Marine (BLM) Shell orders two more LNG carriers Shell International Gas Limited (Shell) announced the order of a further two Liquefied Natural Gas (LNG) carriers; one from the Mitsubishi Heavy Industries and one from Daewoo Bergesen makes $12 million on newbuilding resale Norway's Bergesen has entered into a preliminary agreement to sell the tanker Berge Kyoto (296.000 dwt, built 2001) to foreign interests for $83 million. Ice and floods hit barge line earnings American Commercial Lines LLC (ACL) reported a first-quarter operating loss of $10.4 million,

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MAY 14, 2001
Boeing Company plans to locate its new world headquarters in Chicago Matson Navigation becomes involved in "Keep Hawaii Beautiful" activities AAR reports that U.S. carload freight up slightly for week ending May 5 Seattle Propeller Club names Chandler Maritime Elected Official of the Year Survey finds box fleet at record levels

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Liberia flag 'funding guerilla campaign' LIBERIA is illegally using money from its shipping register to fund guerilla efforts to overthrow the government of neighbouring Sierra Leone, International Registries Inc has alleged in a writ. ... O'Neil opens campaign for two-year term as IMO secretary-general WILLIAM O'Neil has delivered what is in effect a manifesto for his bid to win the election next month for a further two-year term as secretary-general of the International Maritime Organisati... OOCL puts CargoSmart web portal up for sale CARGOSMART is being put up for sale by Orient Overseas Container Line which developed the internet portal but is now willing to become a minority shareholder. The Hong Kong carrier has set...

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MAY 14, 2001
MS highlights Rotterdam's plight Liberian allegations 'unfounded' Forex wipes out Hanjin profits China backs Gwadar port plan Asia LNG demand 'set to soar' WG&A launches training venture Two bid for Guayaquil dredging O'Neil defends ISM in Beijing Libra seeks solution to Santos spat ICTSI plans international listing Meyer staffs up for cruise orders German owners to get $34M aid boost P&O Ned Coega claim raises a storm ITF slams Trico's 'anti-unionism' BC Ferries sues over cat panels SCI to buy vessels this year Indian ministry reverses LNG stance Chennai box strike becomes total German Euro-MP argues for yard aid Accident closes Baltimore canal IRI files suit against LISCR New bid to pass Alaska cruise bill Everglades DeMariano quits Chief engineer dies after collision

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Les chargeurs veulent effacer la frontière entre Anvers et Rotterdam “La congestion et les problèmes de handling nuisent à l’attractivité de nos ports et donc à leur position sur la carte logistique de l’Europe. Les longues tergiversations sur l’aménagement d’une seconde Maasvlakte, le Rhin d’Acier et l’amélioration de la navigation sur l’Escaut occidental de et vers Anvers créent à la longue un climat d’incertitude n’incitant pas les entreprises à venir s’implanter, car elles finissent par se demander si le delta Rhin-Escaut restera à plus long terme la région idéale pour leur centre de distribution. C’est jouer avec le feu. Le secteur néerlandais et flamand des chargeurs est dépendant dans une large mesure du fonctionnement optimal de nos ports. Freiner ce fonctionnement revient à freiner le développement de ce secteur et par conséquent notre économie, prospérité et bien-être”. Cet appel à une meilleure harmonisation des politiques néerlandaise et belgo-flamande en termes de ports et de mobilité a été lancé hier par D. van den Broek Humphreij, directeur général de l’Organisation des chargeurs néerlandais EVO, qui a ainsi donné le ton de la conférence organisée par l’EVO en collaboration avec la fédération des employeurs néerlandais VNO-NCW et son pendant flamand VEV à La Haye. La suite du débat a débouché sur un large consensus pour concilier concurrence et collaboration, même s’il a souvent été difficile de déterminer précisément où devait se trouver la limite entre les deux. “Pas question d’aides publiques illicites” L’Association des chantiers navals sud-coréens dément bénéficier d’aides publiques pour la construction navale qui soient contraires aux règles de l’Organisation mondiale du commerce (OMC). Nexia (ex-Exel Froid France) abat ses cartes Suite à une opération du type dit RES (Reprise de l’entreprise par les salariés) et ayant obtenu l’adhésion de 85% du personnel, la société Exel Froid France est devenue Nexia. L’équipe des principaux dirigeants, qui sont aussi actionnaires, vient d’abattre ses cartes. Pour le moment, le marché français sera couvert en direct car les moyens sont en place pour cela. S’agissant de l’Europe, la stratégie consiste à nouer des accords. Analyse des atouts du nouvel ensemble. UPS et FedEx perdent la lutte contre DHL Le DoT, le Department of Transport américain, ne voit aucune raison de déposer une plainte officielle concernant la structure de propriété de DHL Airways, ni de supprimer sa licence de navigation aérienne ou de retirer la licence d’expéditeur de DHL Worldwide Express. Ainsi, le ministère ne tient pas du tout compte des plaintes d’UPS et de FedEx, qui avaient reçu le soutien de l’organisation américaine du transport routier ATA, le syndicat AFL-CIO et le syndicat du transport routier Teaster.

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MAY 14, 2001
Crowley Completes Tow of the Ex-USS Iowa Oil Prices Slip As Demand Drops Shipping Firm To Offer Funeral Services Shell Orders Two LNG Tankers Frontline Sells Suezmax Tanker Chris Brown to join Miller's Schat-Harding acquires William Mills Northrop Grumman Outlook Downgraded EU Force Has Serious Ship Shortage

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MAY 14, 2001
LISCR's counter suit threat baffles IRI IRI alleged LISCR failed to make payments under the settlement agreement. OSG's long-term credit down to $269m Current financial resources will be adequate to meet the firm's requirements in the next year. Royal Olympic Cruise Lines names new CEO John Pantazis was the CEO of Louis Cruise Line before joining Royal Olympic in November 2000. New legal battle over Liberian flag Registry chief Yoram Cohen denies claims that a third of revenue channelled to president. Sovcomflot adds two more to wanted list The tanker operator is expected buy four Aframax vessels if it sells seven OBOs to Genmar. Bergesen takes quick profit on new VLCC The Norwegian owner's newbuilding asset play caps a busy day for tanker sale and purchase. Oil spill prevention system under test The American Underpressure System will significantly reduce tankers' vulnerability to cargo loss. OMI buys two vessels, sells one The sale of suezmax tanker Loire allows the Connecticut-based company to buy two other vessels. Godby extends time charters Three ship contract to carry paper and plywood from Finland to Spain to continue until 2005. Siem makes a Mosvold killing A convertible loan is set to produce a $250,000 bonus in the wake of Frontline takeover. Navion doubles operating profit Good freight rates boost Norwegian shuttle tanker owner. Liner agents merge New company will serve 30 lines and be one of top players in Scandinavian market. Royal Caribbean offering $300m worth of bonds Net proceeds from the offering will go partly toward capital expenditures. LISCO making money ahead of rejig The Lithuanian owner recently bought by Denmark's DFDS announced a profit for the first quarter. Shell confirms double LNG order Oil major doubles LNG newbuilding tally. Veteran VLCC fetches top dollar Mosvold to sell tanker at double book value for FPSO conversion. Frontline cashes in on suezmax John Fredriksen's tanker giant has boosted its balance sheet with the sale of a 2000-built tanker. Bosses profit from warrants at Frontline The Norwegian owner has bought outstanding warrants from John Fredriksen, Tor Olav Troim and Tom Jebsen. Tank cracks revealed in refloated Lysfoss On-scene repairs to the Lys-Line ship have been ruled out after underwater video showed extent of damage. MSCO ship abandons seal rescue A Murmansk Shipping Co vessel was not needed as nature came to the aid of stranded seals.