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Shipping News

Shipping hit by another round of soaring costs
THE global shipping industry, already staggering under the weight of bloated war-risk insurance, will be hit a second time by soaring costs for liability cover.
Bimco urges UN chief to increase maritime security
TT Club drops supplementary levies for fixed premiums

Air and Land Transport

Boeing forms aircraft security unit
BOEING Corp said it was forming a special unit to help customers enhance security in line with tightened US requirements after the Sept 11 terror attacks.
Thai Airways adds flights to Asia, Europe
Cathay flight attendants offered unpaid leave
Delta to drop 3 of its 4 services to Japan
UK rail to remain in limbo until 2002
UPS gets its first converted MD-11 freighter
Don't be scared. Get out and fly

web site

Shipping News

Shipping hit by another round of soaring costs
THE global shipping industry, already staggering under the weight of bloated war-risk insurance, will be hit a second time by soaring costs for liability cover.
Bimco urges UN chief to increase maritime security
TT Club drops supplementary levies for fixed premiums

Air and Land Transport

Boeing forms aircraft security unit
BOEING Corp said it was forming a special unit to help customers enhance security in line with tightened US requirements after the Sept 11 terror attacks.
Thai Airways adds flights to Asia, Europe
Cathay flight attendants offered unpaid leave
Delta to drop 3 of its 4 services to Japan
UK rail to remain in limbo until 2002
UPS gets its first converted MD-11 freighter
Don't be scared. Get out and fly

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China speeds up rail services Maersk acquires OY Arealog China announces increase in container handling fees Taiwanese carriers upgrade intra-Asian services CargoLifter operational in 2002 IATA: safety system important DHL names new Hong Kong GM

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OCTOBER 17, 2001
Boeing launches security and safety organisation Flexible terminals in Rotterdam on trial GX-X proud to grow NTE announced triple digit growth Stricter rules for shipping sector v

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OCTOBER 17, 2001
Crude oil rises as API shows a decline in stocks Tight fuel oil avails in Panama South African markets softer, avails fine Fujairah market continues quiet despite softer prices Chavez calls OPEC to comply with production levels Argentinean markets this week New posted prices for Saudi Arabia

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Aldo da Ros new Fiata president TT Club Fiata /UIC seminar World Shipping Council: answers on security are needed Coast Guard still on heightened alert New icebreaker for Coast Guard UK Club's increase aims to maintain financial strength Lights out at EuroAirport

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OCTOBER 17, 2001
Ceremony marks official opening of Hanjin's new Oakland terminal Passenger counts drop sharply at Portland International Airport Transportation secretary to honor nation's Ready Reserve Force Boeing develops new unit to enhance aircraft safety, security Boomerang Box shifting gears to focus on helping needy children

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Safmarine to Start Own Container Service

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More Evergreen boxships may fly the Red Ensign EVERGREEN is considering plans to enter up to five post-panamax containerships in the UK tonnage tax system. The latest boost to Britain's resurgence as an important maritime nation f... TotalFinaElf executives face charges over Erika THE TotalFinaElf oil group and a number of its senior executives are to be charged for marine pollution and complicity in endangering human life by the French magistrate investigating the sinking o... Lloyd's sends out plea for £780m lifeline CAPITAL backers at Lloyd's - both corporates and names - are about to be whacked by cash calls totalling £780m ($534m) to keep funds flowing and to help meet a series of disastrou...

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OCTOBER 17, 2001
Caribbean hub port hubbub Ship management is shaping up Agents say new law unworkable More workers target Trico LevelSeas 'hits critical mass' Grenades lobbed at Polloc port Order surge sweeps through Brazil Chinese offer Lanka free port study Vallarpadam could copy Chennai Korea, China open ferry service P&O Ned retreats from mega-ships JNPT to forge SEZ link TotalFinaElf faces Erika charges Yukos aims high with Kværner Court approves Keppel de-listing Argos seeks new owner Honduras criticises tardy MOUs Thai owners may dump TMN deal Ikan Tanda refloated

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OCTOBER 17, 2001
Peak season brings coal for ports in the Pacific Northwest The surge of holiday imports arrived late at West Coast ports led by Los Angeles/Long Beach. Airlines, Post Office eye priority mail New security measures could get packages back on planes in time for the holiday shopping season. Swissair funding: We will if you will The Swiss government wants the private sector to foot part of the bill for a start-up. Holt: Nothing to hide Transoceanic gets Brazil oil project Navy transfers site to Port of Long Beach More calls for 'perimeter' security Brazilian carriers to merge Mercosur cabotage service Brazil OKs free trade zones for ports, airports House gets GSP extension House committee to consider Customs funding Fetter new chief for QRS DuPont extends logistics contract with BDP Pirate kidnappings moving into SE Asia

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L’UE approuve officiellement le crédit de survie de la Sabena La Commission européenne a officiellement approuvé hier après-midi le crédit de soudure de 5 milliards de BEF (125 millions d’EUR) du gouvernement belge à la Sabena. Selon la commissaire européenne Loyola de Palacio (Transports), il s’agit d’un crédit de survie (rescue aid) et c’est la dernière fois que la compagnie aérienne belge peut faire appel à l’aide de l’Etat. Afrique de l’Ouest: 53,3 mia. de BEF pour les transports routiers Les pays membres de l’Union économique et monétaire ouest-africaine (UEMOA) se sont mis d’accord récemment à Dakar pour définir une stratégie visant à renforcer l’intégration régionale. Apres une rencontre préliminaire d’experts, les ministres des pays concernés ont pris la décision de renforcer les infrastructures de transport au sein de l’Union. Cette volonté est concrétisée par l’adoption d’un budget quinquennal d’environ 800 milliards de FCFA (quelque 53,3 mia de BEF ou 1,32 mia. d’EUR) pour moderniser, en priorité, les infrastructures routières. CMA CGM veut faire du Havre une importante plate-forme de distribution et transhipment A l’occasion du baptême au Havre du dernier né de la flotte de l’armement français CMA CGM, le PC “CMA CGM Bizet” de 6.600 TEU, le président du Directoire J. Saadé a manifesté la volonté de son entreprise de s’associer au développement du port. “Notre intention et de faire du Havre une importante plate-forme de distribution et de transhipment, tant qu’il restera compétitif par rapport aux autres ports du Nord”, a-t-il dit. De Palacio n’obtient pas de mandat de négociation avec les Etats-Unis Réunis à Luxembourg hier mardi, les ministres européens du Transport ont refusé d’accorder un mandat de négociation avec les Etats-Unis à la commissaire européenne aux Transports Loyola de Palacio, qui ne pourra donc pas discutter un accord cadre sur des conditions de concurrence loyale avec les Américains. Elle a uniquement été autorisée à négocier un code de conduite (non contraignant) visant à lutter contre les pratiques de dumping dans le secteur aérien. L’UE n’entreprend donc rien de concret contre le fait que les compagnies aériennes américaines ont réduit leurs prix jusqu’à 50% sur les routes transatlantiques grâce à l’aide d’Etat accordée.

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OCTOBER 17, 2001
CP Ships stock travels north US money managers are letting go of recently issued CP Ships shares to Canadian counterparts. Golden Princess receives bomb threat The threat turned out to be a hoax by a Princess Cruises employee. Israel to bar older tankers Knesset gives 25-year-old tankers one more year to call at Israeli ports. Cruise operators to survive the storm The cruise industry is supported by strong fundamentals, with long-term growth expected. Strong rates, higher utilisation lift ENSCO's earnings The company's net income jumps 174% in the third quarter of 2001. NYK inks VLCC newbuilding and charters Shipping giant bolsters VLCC orderbook to six and secures short-term time charters for two ships. Costa ups capital base Cruise operator increases equity as it gears up to take on newbuildings. General Dynamics boosts sales The earning increase of $1.13 per share is in line with Wall Street analysts' expectations. Norilsk Nickel ups Yenisei stake Russian mining company buys 21% stake in Krasnoyarsk owner from Lukoil. Yukos wants a quarter of Kvaerner Russian oil company could become biggest shareholder as it eyes two Kvaerner units. French probe launched into TotalFinaElf's Erika role Investigation to centre on claims that oil company failed to take action to avoid 1999 tanker spill. Neorion shareholders approve capital increase Greek shipyard gets green light to boost capital and share value. PCL ship refloated off South Africa A vessel grounded last month in heavy storms has finally been freed. IMB warns of ship hostage trend Indonesia's Free Aceh Movement is being linked to recent ship and crew kidnappings. Malaysian shipping fund launched Further cash may be needed to support a new shipping and shipyard initiative. Stolt-Nielsen offloads US terminals Norwegian group's transport division to sell non-core Chicago and New Jersey oil facilities. Royal Caribbean fires 400 World number two is shedding staff in cost cutting exercise as confidence in sector continues to ebb.