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Shipping News

Colombo port slashes bunkering rates
SRI Lanka slashed its bunkering rates to Singapore levels on Friday in a desperate bid to attract ships avoiding the port because of a massive insurance premium hike.
RCL profit slips despite 7% rise in turnover
Ferry passengers rescued near Solomon Isle
IACS reaffirms opposition to unlimited liability
Bergesen H1 profit triples to US$177m
Frontline to install emission-free system

Air and Land Transport

European airline delays ease in Q2, but still 2nd worst ever
EUROPEAN airline delays fell in the second quarter, though airport and air traffic control congestion meant the figures were still the second-worst ever during peacetime, the Association of European Airlines said .
Experts study security at Sri Lanka int'l airport
Taiwan carrier completes first China transhipment service
Delta puts off code-share deal with Korean Air on FAA ruling
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Shipping News

Colombo port slashes bunkering rates
SRI Lanka slashed its bunkering rates to Singapore levels on Friday in a desperate bid to attract ships avoiding the port because of a massive insurance premium hike.
RCL profit slips despite 7% rise in turnover
Ferry passengers rescued near Solomon Isle
IACS reaffirms opposition to unlimited liability
Bergesen H1 profit triples to US$177m
Frontline to install emission-free system

Air and Land Transport

European airline delays ease in Q2, but still 2nd worst ever
EUROPEAN airline delays fell in the second quarter, though airport and air traffic control congestion meant the figures were still the second-worst ever during peacetime, the Association of European Airlines said .
Experts study security at Sri Lanka int'l airport
Taiwan carrier completes first China transhipment service
Delta puts off code-share deal with Korean Air on FAA ruling
Log Book

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Yuancheng to invest in Sichuan logistics Ningbo Transocean moves office Fos calls for application Airlines file for antitrust immunity CSC India to operate perishable cargo centre Air Canada to take up Honolulu-Melbourne service

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AUGUST 17, 2001
Deutsche Post with procurement portal Maersk leaves Taiwan consortium Emery continues, without planes Airline market recession is there NOL apology for share difficulties UPS CEO Kelly retires Otal appoints marketing manager

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India Steamship plans Rs 625-crore expansion 550-tonne capacity barge launched in Kerala Dumping probe begun into Chinese compact fluorescent lamps Petro products exports rise New quality testing norm to help boost sugar exports Dumping duty mooted on BOPP film imports India may barter wheat with 3 countries soon Exporters start wheat cleaning in Kandla Port Edible oil imports surge by 26 pc in July Assocham urges govt to lift ban on wheat export to Iraq Karnataka still top software exporter Veg. food exports increasing Mos directs port trust chiefs to discuss bonus with TUs TAMP may soon appoint external agency to study cross-subsidisation of services P&O Ports among 4 bidders for Haldia dock tender Urgent need to develop JNP, Chennai as real hub ports - War risk premium at Colombo port at all-time high Sharp Logistics becomes first CHA to win ISO 9001-2000 Certificate Forex reserves up by $ 127 million to $ 43,809 million Assocham: Soften transfer pricing penal provisions State law to protect investors exists: Adik NPPA revises prices of 49 formulations EIL, Bridge & Roof sign MoU for highway projects Ficci study lists 3 factors vital for JVs' success Record groundnut production in state Commerce Ministry to streamline India Brand Equity Fund Bountiful rains sow seeds of industrial recovery ECGC plans to widen ambit of risks coverage Higher production of soyabean, oilseeds & groundnut projected Palm oil tariff values fixed Foreign Trade Analysis: Current Policy & Procedures

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AUGUST 17, 2001
New weekly global averages IPE confirms plans following completion of merger with ICE Seattle and Portland markets firm, Vancouver slightly higher too Good avails on the US West Coast, demand healthy Are suppliers frequently short-changed by their customers?

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Bangkok Shipowners and Agents Association TNT Germany SAS Scandinavian Airlines System Exel La Poste sells vehicles IPP Logipal: Highly 'palletable'! Amsterdam lands Hitachi Antwerp project hits a snag New transhipment hub in the far North? New terminal for GeoLogistics

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AUGUST 17, 2001
Port of Seattle taps IBM as e-business strategy partner Weekly rail carload figures show continued downward slide Portland International Airport's South Concourse will house Columbia River information center US Senator will talk channel deepening at Port of Vancouver, USA meeting today Joint Navy/Coast Guard action nabs 17,000 pounds of cocaine

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Ocean Glory I crew finally to be paid and sent home THE 240 crew stranded aboard the Ocean Glory I in Dover will be sent home at the end of the week after Mediterranean Shipping Co agreed to pay the crew's $865,000 outstanding wage claim and f... Sri Lanka plea wins war risks rates cut LEADING shipping lines expect an early easing of massive war risk insurance premiums after top Sri Lankan officials won sympathy from London underwriters for the country's trade plight. ... Russians press on with exclusion of non-state pilots THE Russian government is to push ahead with Decree No 538 of July 17, 2001, banning non-state pilotage services in the country's four main ports, in spite of fierce opposition from independe...

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AUGUST 17, 2001
Virgo officers released on bail Costa Rica extends bid deadlines India Steam plans $132M shake-up Taiwan strengthens mainland links Argo and Mann go separate ways SGX unfazed by NOL controversy Daedong suitors file their bids Long Beach throughput down again Kværner shares plunge Peru operator presses Prez on ports Jeddah boosts handling capacity Panama recruitment fraud d'j' vu Turkey set to agree Varyag transit PRC sacks director over 'Glory' ISM Cruise co goes belly up down under Trade row closes BC lumber mills Colombo loses Chennai feeders Cruise switch sparks seal fears Tankers lead Bergesen charge Colombo cuts bunker prices

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AUGUST 17, 2001
Carriers file Sri Lanka surcharges Eight shipping lines that call at the Port of Colombo have filed requests with the Federal Maritime Commission for emergency approval of surcharges to cover soaring increased marine insurance costs. OOCL parent profits surge Orient Overseas (International) Ltd. said first-half profits doubled, but warned that the container shipping industry faces an uncertain outlook. New bill seeks HMT repeal The bill is identical to one that died in committee in 2000. Port of Seattle chooses IBM for e-business Vessel Management orders barges, tugs Taiwan-China cargo project breaks ground Carrier sees drop in super-heavy air freight Sri Lanka call insurance soars Tacoma opens key overpass FMC divided on China P&O Nedlloyd 2Q improves New MSC service to use Seaboard Marine slots Emery volume rises despite grounding

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AUGUST 17, 2001
US tanker stock impervious to short sales The Securities and Exchange Commission may repeal a prohibition to short sell amid falling prices. Unitor's ship service ensures positive results The Norwegian group's second quarter revenues rose 2% from a year ago. Canadian Pacific to kick off share reorganisation The "when-issued" trading will begin in Toronto and New York stock markets on 21 August. Northrop not giving up on Newport News The Los Angeles-based company has extended its exchange offer for the shipyard's shares to 30 August. Bulkers boost B&N Swedish shipping group forecasts substantial increase in full year earnings. Los Angeles sees higher container volume Export volume increased by 7% in July, while imports rose by only 3%. Primorsk Shipping maintains crew's innocence Virgo's captain and two other shipmates are charged with involuntary manslaughter. Berge Tokyo charter to end TotalFinaElf loses full life charter of VLCC newbuilding. Profits inch up for Halim Mazmin Malaysia's Halim Mazmin is pulling in improved charter hire revenue, but profits are only climbing slowly. Australian cruise venture goes belly up A cruiseship business in Southern Australia has gone bankrupt before its first ship was delivered. OOIL profits double Orient Overseas (International) is pulling in the cash but has noticed a slowdown in its terminal business. Odfell turns loss to profit Chemical tanker player Odfjell is back in the money, with help from a much bigger fleet. Time charters boost Team Tanker owner scores as profit trebles.