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Shipping News

Castor suffered from high rate of corrosion: ABS
THE American Bureau of Shipping's technical investigation into damage sustained by the product tanker MV Castor has pointed to 'accelerated corrosion', which it had earlier dubbed 'super-rust'.
Industry urged to attend major conference on ballast water
UK Club blames premium hike on downturn
Stolt-Nielsen sells US liquid bulk terminals

Air and Land Transport

Airbus jobs safe despite crisis; A380 not threatened
PERMANENT employees at Airbus need not fear for their jobs, although the company is cutting the number of aircraft it is planning to deliver next year, said Rainer Hertrich, co-chairman of Airbus's parent company, the European Aeronautic and Defence Company .
Cathay says Sept business down 12%, outlook weak
Up to 7,500 jobs may go if costs are not cut: Lufthansa
Delta, Air France hopeful of US antitrust immunity for closer ties
BA Concorde to make first full test flight

web site

Shipping News

Castor suffered from high rate of corrosion: ABS
THE American Bureau of Shipping's technical investigation into damage sustained by the product tanker MV Castor has pointed to 'accelerated corrosion', which it had earlier dubbed 'super-rust'.
Industry urged to attend major conference on ballast water
UK Club blames premium hike on downturn
Stolt-Nielsen sells US liquid bulk terminals

Air and Land Transport

Airbus jobs safe despite crisis; A380 not threatened
PERMANENT employees at Airbus need not fear for their jobs, although the company is cutting the number of aircraft it is planning to deliver next year, said Rainer Hertrich, co-chairman of Airbus's parent company, the European Aeronautic and Defence Company .
Cathay says Sept business down 12%, outlook weak
Up to 7,500 jobs may go if costs are not cut: Lufthansa
Delta, Air France hopeful of US antitrust immunity for closer ties
BA Concorde to make first full test flight

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UK Club increase premiums to maintain financial strength Cosco signs VTA with PSA Cathay figures slump 12 pc in September BAA details traffic figures for September 2001 Government grilled on infrastructure

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OCTOBER 19, 2001
'20 per cent rise in e-logistics in 2002' Successful share raising Qantas USD 1,3 billion plan for Ansett 'Flexible work hours and cost cutting Lufthansa' Roadway to sell Arnold's Logistics operations Evergreen: post-Panamax not needed in near future Tiaca pioneer Walter Johnson died

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Direct container service to USEC begins ex-Tuticorin Port - With maiden call of m.v. Indamex New Delhi... Vedprakash Goyal to inaugurate IMC seminar on coastal shipping on October 27 Chennai feeder operators to impose 'immediate congestion surcharge' Global pepper exports up JNPT floats SPV with NHAI, Cidco for road connection Vedprakash Goyal visits MoPT, inspects facilities Rlys to allow pvt. players in freight terminals on BOT terms CIAe asks govt to seek preferential treatment for Indian goods from EEC, US ECGC planning 'differential' premium policy for exporters Banks, power units in SEZs may get different package AP plans road shows to lure partners for SEZ Karnataka agency clears 12 projects involving Rs 240 crore Andhra Pradesh govt signs MoU with Dubai WTC for Gitex Hyderabad Foreign Trade Analysis: Current Policy & Procedures AI Security Dept. awarded ISO: 9001-2000 New website for SEZs launched

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OCTOBER 19, 2001
Petrobras tanker accident shuts down all activities in Paranagua Bay Omani port gives BP go-ahead for bunkering station IEA forecasts decreasing oil demand until 3q2002 Halifax and Montreal bunker prices drop today New supplier in St Petersburg Crude oil recovers from 2-year low as key OPEC officials meet in Vienna Singapore fuel oil loses a little more value Korean bunkers end week on low, all ports at similar levels Average demand on US East Coast, markets little changed US Gulf markets drop in line with crude prices, demand

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OCTOBER 19, 2001
AMCV files for Chapter 11 says it's in talks with Northrop Grumman on Patriot. Carnival may take back Patriot NASSCO TAKES T-AKE CONTRACT Combat logistics ship will use commercial ship technology Marad nomination goes to Senate Schubert name submitted FGH retains restructuring advisor Turnaround specialist called in

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OCTOBER 19, 2001
Cargill joins Louis Dreyfus Corp. in Pacific Northwest grain venture Coal and grain gains keep rail freight on upward trend Foss earns environemtal awards for storm water diversion system NASSCO wins Navy contract for T-AKE combat logistics force ships Airline plans to equip pilots with high voltage taser weapons

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Terrorist attacks claim second cruise casualty AMERICAN Classic Voyages, the largest US-flag cruise company, has become the sector's second firm to buckle under the financial pressure of operating in a market devastated by the September 1... Court set to rule on Renaissance auction THE bank that arrested five Renaissance Cruises ships in Gibraltar will ask a local court to grant sale orders on Wednesday, clearing the way for the Rock's admiralty marshal to auction the v... Star Cruises withdraws from Japan STAR Cruises' Japanese operations have fallen foul of the worldwide drop in demand since September 11. The Malaysian-owned cruise line is withdrawing the 960-passenger capacity SuperS...

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OCTOBER 19, 2001
Carnival, AMCV talk cruise ships American Classic goes under Drug traffickers gain opportunity Toledo blocked by grounded bulker Diver dies in grounding probe US fears container nuclear bomb Builders agree to communicate St Lawrence strike talks continue American Classic statement awaited Lloyd's WRP team to visit Pakistan Long Beach gets more naval land Shipping exposed admits Eurocrat Reliance sets up logistics arm Strike at Drummond complex ends Security delays threaten Vancouver HHI poised to exit Hyundai Group Cosco, PSA sign terminal agreement Hamburg plans to sell HHLA SCI profit hit by market slump CSCL targets Colombo as S Asia hub Wharfies win right to sue Lang Corp Star suspends Japan cruises Huge drug find on Rickmers vessel Paranagu' still closed after spill Bolivia set to choose LNG port

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OCTOBER 19, 2001
Senate revises port security bill again The focus of the bill has turned from predominantly cargo crime to terrorism, Bethann Rooney, port security coordinator for the port commerce department of the Port Authority of New York and New Jersey, said at a Friday conference. Galveston slates vote on port merger After several months of delays, the Galveston City Council has called an election for Dec. 18 to let Galveston voters decide the proposed merger between the Port of Galveston and Port of Houston. Industry celebrates 25 years of Ready Reserve Force Transportation Secretary Norman Y. Mineta tells 350 attendees that the RRF's success is a result of its "strong public private partnership between government, industry and labor." Seaway workers poised to strike in Canada UPS eyes more China flights Expeditors delays financial filing after website crackdown Operating income declines at Tropical Shipping NCBFAA to hold export-import seminars American Classic Voyages files for bankruptcy protection Walter Johnson, air-cargo pioneer, dies DHL, Unishippers form partnership Target Logistics Services goes Hollywood Air carriers cut surcharge on perishable exports from India US needs transport security agency: Mineta Box volume up at P&O Ports Russia bans Fla. meat amid anthrax fears

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La Commission veut “simplifier” la législation sociale dans le transport routier La Commission européenne a proposé cette semaine de simplifier la législation sociale et de sécurité en vigueur dans le secteur routier afin de renforcer leur respect. “La course à la compétitivité pousse en effet certains opérateurs à ignorer les règles élémentaires: la Commission entend donc doter l’UE d’une législation effective qui définisse clairement les temps de conduite et de repos et facilite leur application réelle grâce à la mise en place d’un système de sanctions efficace”, annonce Bruxelles dans un communiqué. Belgique: le retour sous pavillon national se précise L’adoption prochaine par la Belgique du système de la taxe au tonnage se précise. Dans son sillage, le retour sous pavillon national des navires contrôlés par des intérêts belges redevient d’actualité. Ceux qui attendaient une précision à ce sujet de la part du Premier ministre fédéral Guy Verhofstad lors de la récente déclaration gouvernementale auront été déçus. Toutefois, le ministre des Finances Didier Reynders y a fait allusion dans sa déclaration sur la réforme de l’impôt sur les sociétés. “Il y aura également, dans un cadre global et neutre, des mesures concrètes mises au point dans divers domaines où des résultats positifs peuvent être attendus, comme par exemple la flotte marchande et le réenregistrement sous pavillon belge”, lit-on dans son texte. Deutsche Post lance avec Lufthansa Cargo la nouvelle filiale logistique XPL Deutsche Post World Net vient de créer la nouvelle filiale XPL, qui propose des services d’outsourcing logistique aux principaux clients du réseau DP. L’actionnaire majoritaire de XPL est Danzas, alors que DHL International, Deutsche Post Euro Express et Lufthansa Cargo se partagent le reste des parts. L’IATA prête à arrêter la fixation commune des tarifs de transport de fret L’association internationale du transoprt aérien IATA est prête à arrêter la fixation commune des tarifs pour le transport de fret aérien dans les pays de l’Espace Economique Européen (EEE). La Commission européenne, qui avait encore émis des objections à l’égard de ce système au mois de mai, a applaudi hier à la décision de l’IATA parce que cela va entraîner une hausse de la concurrence pour la fixation des tarifs pour le transport de fret aérien, avec toutes les conséquences favorables que cela implique pour les exportateurs européens et l’économie en particulier.

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OCTOBER 19, 2001
AMCV bankruptcy leaves 2,150 unemployed Only 30 staffers will be retained to run the national historic flagship Delta Queen. AMCV going, going, gone Cruise operator finally crumbles after weeks of speculation. Court sets deadline for Renaissance claims Passengers without third party insurance coverage are expected to file claims. FGH retains financial advisor Glass & Associates is to report to the Restructuring Committee of the Board of Directors. Carnival to pay off new ship Final payment for Carnival Pride will come from the company's $400m bond issue. HAL sets delivery date for Zuiderdam Delivery date was postponed by 45 days to 15 November, 2002. Carnival and Northrop exposed to AMCV losses The cruiseship Patriot listed as a mortage collateral may return to Carnival. Concordia's third quarter profits weaken Swedish tanker owner's vessels remain profitable despite growing market uncertainty. CSA pulls coverage for all cruises Move triggered by line default fears but should be temporary. Ukraine snatches back Blasco ship A court ruling has returned laid-up veteran passengership Fedor Shalyapin to state control. Lines cut Israel war surcharge Nine Europe Mediterranean Trade Agreement lines reduce loading by a third. Leif Hoegh profits soar Car carrier business buoys up third quarter result, but uncertainty looms. Dry cargo upturn distant Howe Robinson sees bulker market recovery as six months away. Kvaerner shareholders asked to vote for probe An investigation into running of Anglo-Norwegian group is on the agenda at next month's EGM. Cosco sets up first overseas shipmanagement firm The Chinese owner will manage seven new boxships from the UK. Skuld confirms huge cash calls Douglas Jacobsohn sells Oslo headquarters and asks owners for $40m cash. Refloat effort starts for Petrobras tanker Diver dies in operation to control spillage from damaged naphtha tanker. Hyundai units limber up for split Shipbuilding and shipowning arms of debt-laden giant are fighting their way to freedom. Trading halted in AMCV shares Nasdaq stops trading in US cruise line shares on rumours it may file for bankruptcy protection.