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Shipping News

US$1.34b boost for Viet shipping, ports
BOASTING what is expected to be the second-highest economic growth in East Asia after China this year at 4.8 per cent, Vietnam is gearing up its shipping and port infrastructure with a recently announced US$1.34 billion investment.
Cargo volumes growth at China ports drops
More giants opting for logistics outsourcing: YCH
Seymour new NY port chief
China and EU ink first maritime accord

Air and Land Transport

Moody's downgrades AMR, Delta credit ratings
US airlines faced further woes this week after Moody's Investors Service downgraded its credit rating on two leading carriers, sending them deeper into junk territory, citing the poor outlook after the Sept 11 attacks on the United States.
Qantas plans to expand NZ services in 2002
US airlines seeking to delay luggage screening: lawmaker
50b baht more sought for new Thai airport
New York crash not caused by engines, say investigators
Cathay pilots to adopt work-to-rule from Jan

Logistics

HK launches logistics drive
INLAND transport on mainland China will be a key initial focus of the newly formed Hong Kong Logistics Development Council as part of the government's programme to promote Hong Kong as the primary logistics hub linking China with the rest of the world.
Maersk secures B&Q distribution agreement
Ngee Ann Poly inks logistics software pact

web site

Shipping News

US$1.34b boost for Viet shipping, ports
BOASTING what is expected to be the second-highest economic growth in East Asia after China this year at 4.8 per cent, Vietnam is gearing up its shipping and port infrastructure with a recently announced US$1.34 billion investment.
Cargo volumes growth at China ports drops
More giants opting for logistics outsourcing: YCH
Seymour new NY port chief
China and EU ink first maritime accord

Air and Land Transport

Moody's downgrades AMR, Delta credit ratings
US airlines faced further woes this week after Moody's Investors Service downgraded its credit rating on two leading carriers, sending them deeper into junk territory, citing the poor outlook after the Sept 11 attacks on the United States.
Qantas plans to expand NZ services in 2002
US airlines seeking to delay luggage screening: lawmaker
50b baht more sought for new Thai airport
New York crash not caused by engines, say investigators
Cathay pilots to adopt work-to-rule from Jan

Logistics

HK launches logistics drive
INLAND transport on mainland China will be a key initial focus of the newly formed Hong Kong Logistics Development Council as part of the government's programme to promote Hong Kong as the primary logistics hub linking China with the rest of the world.
Maersk secures B&Q distribution agreement
Ngee Ann Poly inks logistics software pact

web site

Shipping News

US$1.34b boost for Viet shipping, ports
BOASTING what is expected to be the second-highest economic growth in East Asia after China this year at 4.8 per cent, Vietnam is gearing up its shipping and port infrastructure with a recently announced US$1.34 billion investment.
Cargo volumes growth at China ports drops
More giants opting for logistics outsourcing: YCH
Seymour new NY port chief
China and EU ink first maritime accord

Air and Land Transport

Moody's downgrades AMR, Delta credit ratings
US airlines faced further woes this week after Moody's Investors Service downgraded its credit rating on two leading carriers, sending them deeper into junk territory, citing the poor outlook after the Sept 11 attacks on the United States.
Qantas plans to expand NZ services in 2002
US airlines seeking to delay luggage screening: lawmaker
50b baht more sought for new Thai airport
New York crash not caused by engines, say investigators
Cathay pilots to adopt work-to-rule from Jan

Logistics

HK launches logistics drive
INLAND transport on mainland China will be a key initial focus of the newly formed Hong Kong Logistics Development Council as part of the government's programme to promote Hong Kong as the primary logistics hub linking China with the rest of the world.
Maersk secures B&Q distribution agreement
Ngee Ann Poly inks logistics software pact

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Maersk Benelux takes 100pc of Maersk Delta United Freight Organisation to move Shanghai office Port of Oakland sets date for Pan Pacific 2002 GAC launches African web site Zim opts for Jurong on Asia-Med Pacific service Thailand closure G Link to spring forward with added services Cathay Pacific expands code-share with British Airways Southwest Airlines reboots growth programme Maersk Logistics makes splash at Hong Kong gala

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DECEMBER 19, 2001
Oil prices disputed Airlines attempt to day inspections Grand Alliance reduce capacity Working time directive for lorry drivers Billions of dollars to safety

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Minister gives clarion call to develop coastal shipping - ICC celebrates Golden Jubilee Jumbo Navigation executes another mammoth job smoothly Dumping duty mooted on lead acid battery Handicrafts exports net Rs 7,500 crore in 1999-2001 Canada considers India among top 4 trade partners Oilmeals exports shoot up by 22.19 per cent in Nov. CTV exports post robust 136 pc growth Concor's ICD-Miraj inauguration tomorrow 10th Plan to switch limelight on private sector Aircraft import procedural rules may be eased ICMF: Duty rationalisation preferable to concessions Telecom equipment industry seeks deemed export status WTO panel faults India's car import policy DTA can take bank inputs supplied to EOUs only after refund of export benefits : CBEC Exim Bank, Bancomext in $ 10-m LoC deal CII-CBC to introduce 'E-Organisation of Year' award Sudhir S. Rangnekar heads AMTOI Managing Committee CII, MIDC organising Advantage Nagpur on Jan. 16-17, 2002

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DECEMBER 19, 2001
Sluggish US East Coast market pushing prices down a little End of barge season in Montreal, Halifax avails still tight this week Soft Panama market expected to firm up for Christmas Argentinean prices a bit softer, limited delivery during holidays Rotterdam barges higher in afternoon trade on firm crude Oman tight for IFO380, Fujairah prices rise sharply with cargo prices and tighter avails Suez largely steady with OK avails Saudi ports competitive both before and after posted price change tomorrow Bunker price indications from Russian ports Baku/Tbilisi/Ceyhan pipeline one step closer Oil market expects production cut Start-up next week for new Primorsk crude terminal Rotterdam morning market report

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DECEMBER 19, 2001
Funds for Seattle/Tacoma Roadway/Reimer: CSA Danzas: new joint venture in the Far East T&B: joint venture in China DHL: logistics center in Singapore DB Cargo: stake in Nieten Fracht-Logistik SERF More investments at BD LanChile Cargo RTK down ATC takes over Sky Reps

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DECEMBER 19, 2001
Princess to Carnival: "Improve your offer" Princess Cruises today gave Carnival until January 18 to improve its acquisition offer Hornbeck Leevac answers Enron-impact queries Hornbeck Leevac has found alternative work for two boats chartered to an Enron-affliated company

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DECEMBER 19, 2001
Panama Canal Authority puts expansion up for bids Boeing ahead of schedule on longer range 747-400 planes UPS delivers 18 million packages on its busiest day of the holiday season Portland International Airport sees less of a passenger drop in November Crowley Liner Services ships poultry to Cuba

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US Navy hunts for bin Laden cargoes US NAVAL forces are actively tracking merchant vessels believed to be carrying cargoes on behalf of Osama bin Laden, including raw material for weapons of mass destruction. World Fuel snaps up Oil Shipping FLORIDA-based marine and aviation fuel major World Fuel Services has acquired the Oil Shipping Group of Companies, a reseller of marine fuels and services headquartered in Rotterdam. Carnival turned down once more Reluctant bid target P&O Princess has rejected a fresh request for talks from Carnival, the US cruise giant.

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DECEMBER 19, 2001
Ukraine builders cheapest in Europe Humber strike to continue Virgo extradition hearing postponed US LNG terminal fears resurface Caribbean condemns nuclear transit From bad to worse for breakers Carnival rejects 'spoiler' charge Chuan Hup sells dredging stake Cargo ship and crew in limbo Argentine payment crisis eases Viking slaughters Finnish tax plan DFDS takes control of Lys-Line Møller takes charge at Delta SembCorp buys into Dalian St Petersburg tackles port fraud Indian unions oppose port sales PNG port bids close Russia bids for Baltic port cargoes Let's pool claims data:Swedish Club Palmer resigns from Star Reefer KHZ delisting gets SGX nod Dismay at Adsteam price hike Hyundai sets 56-ship target Holiday crowds halt Jakarta box ops P&O sets deadline for Carnival

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DECEMBER 19, 2001
EU-US "banana war" over The European Commission Wednesday approved an agreement that ends the bitter trade dispute. FedEx profits soar Earnings increased 26% in the third quarter over the year-ago period. Galveston-Houston port merger nixed The long-discussed proposal was soundly defeated by Galveston voters. Grand Alliance cuts Europe-Asia capacity China transport first target of HK logistics panel ABP bullish on traffic, profits Columbus service will call Long Beach terminal CN, rail workers agree on contract Canada completes free trade deal with Costa Rica Defense authorization bill passes Five guilty in ILA skimming case ANZ Banking Group joins Bolero.net Customs clampdown should encourage information collaboration

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Geodis accepte de reprendre 51% du Sernam en 2006 Le conseil d’administration de Geodis, qui s’est réuni le 18 décembre sous la présidence de Pierre Blayau, a accepté le nouveau projet de prise de participation dans le Sernam, qui lui a été proposé par son Président. Le principe d’une telle prise de participation avait été approuvé par un précédent conseil le 15 mars 2000 et avait reçu l’accord de la Commission européenne le 23 mai 2001. Geodis ne prendrait toutefois que 51% du Sernam en 2006, sous réserve que ce dernier atteigne un résultat net équilibré. Ford Genk exporte ses Mondeo via Anvers vers l’Inde Suite à une période d’essai de quelques mois durant laquelle des Mondeo entièrement achevées ont été transportées de l’usine de Ford à Genk vers l’usine en Inde, il a été décidé d’institutionaliser ce flux de trafic. Avant-hier, la ‘Mondeo Sedan’ a été lancée à Genk. Il s’agit du troisième modèle après l’Escort et l’Ikon. Les voitures sont transportées dans des containers vers Nhava Sheva et Chennai via le service NVOCC d’Ahlers. L’expéditeur de Ford est Neska Expeditiebedrijf à Anvers. Zeeland Seaports pleinement confiant en l’avenir Les responsables de Zeeland Seaports, le duo portuaire néerlandais (Flessingue et Terneuzen) dans l’embouchure de l’Escaut occidental, rayonnent de confiance. Ils ont en effet enregistré un certain nombre de succès remarquables, mettant ainsi en évidence ces deux zones portuaires scaldiennes sur la carte maritime mondiale. Quand les “global players” s’annoncent sur le marché mondial de la logistique Le secteur de la logistique bouge beaucoup en Asie et ce, à tous les niveaux. On y assiste à des concentrations avec comme objectif une ambition planétaire. Récemment un des plus importants logisticiens asiatiques Sembcorp Logistics a uni ses forces au groupe Kuehne & Nagel et USCO, ce qui a pour conséquence de le placer dans le peloton de tête à l’échelle mondiale.

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DECEMBER 19, 2001
RCL reaffirms P&O merger proposal RCL chief maintains his merger proposal is superior to Carnival's. Cove LNG project gets green light US Coast Guard finds adequate safety measures in place for the rejuvenated LNG terminal. P&O Princess says no to meeting P&O Princess will not meet with Carnival unless Carnival's takeover bid is superior to RCL's. Carnival not utilising spoiling tactic Carnival would have breached the takeover code if its offer is merely a spoiling tactic. US Navy attacks Iranian tanker The Iranian-registered tanker was mistakened for an Iraqi vessel smuggling oil. Nigeria LNG confirms four newbuildings West African exporter finally signs with Hyundai for long-awaited LNG vessels. K-Line inks in two Snohvit LNG carriers Japanese owner signs up to supply LNG carriers for Norway's yet-to-be-approved export project. CP Ships stock surging upward The bullish stock hit a record high of $18.04 in Tuesday trade. Carnival shares rated Hold But the stock has a 15-20% upside potential if Carnival's P&O takeover proposal gains momentum. Enron LNG carrier sublet Leif Hoegh can breathe a short sigh of relief as new work emerges for its Enron-chartered gas ship. P&O Princess gives Carnival bidding space Valentines day vote looms for would be cruise merger suitors. Hyundai predicts profit rise Korean yard will target high margin type vessels in 2002 in effort to boost returns. DFDS pays $17m for Lys Line Rederi Danish ro-ro operator plans expansion with new buy and its traditional ro-ro business. KHI and Mitsui shares take a battering Stocks in two Japanese yards have fallen below the JPY 100 mark. Tankers International scoops MISC business Pool player wins race to secure VLCC time-charter but rate shows up underlying weak market trend. Sumitomo considering yard spin-off Japanese company looking to divest shipbuilding arm in bid to cut costs and ease consolidation process. Chuan Hup sells 10% dredging firm stake Offshore vessel operator is set to make $3m pre-tax profit on asset disposal.