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Shipping News

PSA may lose Evergreen to Pelepas port
Taiwanese container shipping giant Evergreen Marine Corp may shift its transhipment hub from Singapore to the Malaysian Port of Tanjung Pelepas (PTP).
Hijacks, ransom demands rising in Malacca Straits
IACS calls for accuracy in separating class-related deficiencies
No shut down at Yemen ports, says govt source
Indon vessel sinks off Pasir Panjang

Air and Land Transport

Qantas proposes profit incentives for staff, may cut jobs
QANTAS Airways, Australia's largest carrier, proposed offering an incentive programme for employees linked to earnings in talks with its unions and said it may be forced to cut staff as overseas demand slides.
UK, US hold open skies talks
Asiana selling assets to cope with falling demand
PAL may cancel some flights
US air screening firm will have to run tighter checks
Log Book

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Professional integrity first
THE guiding words in Joseph S K Kwok's business philosophy are focus and professionalism.

web site

Shipping News

PSA may lose Evergreen to Pelepas port
Taiwanese container shipping giant Evergreen Marine Corp may shift its transhipment hub from Singapore to the Malaysian Port of Tanjung Pelepas (PTP).
Hijacks, ransom demands rising in Malacca Straits
IACS calls for accuracy in separating class-related deficiencies
No shut down at Yemen ports, says govt source
Indon vessel sinks off Pasir Panjang

Air and Land Transport

Qantas proposes profit incentives for staff, may cut jobs
QANTAS Airways, Australia's largest carrier, proposed offering an incentive programme for employees linked to earnings in talks with its unions and said it may be forced to cut staff as overseas demand slides.
UK, US hold open skies talks
Asiana selling assets to cope with falling demand
PAL may cancel some flights
US air screening firm will have to run tighter checks
Log Book

Features

Professional integrity first
THE guiding words in Joseph S K Kwok's business philosophy are focus and professionalism.

web site

Shipping News

PSA may lose Evergreen to Pelepas port
Taiwanese container shipping giant Evergreen Marine Corp may shift its transhipment hub from Singapore to the Malaysian Port of Tanjung Pelepas (PTP).
Hijacks, ransom demands rising in Malacca Straits
IACS calls for accuracy in separating class-related deficiencies
No shut down at Yemen ports, says govt source
Indon vessel sinks off Pasir Panjang

Air and Land Transport

Qantas proposes profit incentives for staff, may cut jobs
QANTAS Airways, Australia's largest carrier, proposed offering an incentive programme for employees linked to earnings in talks with its unions and said it may be forced to cut staff as overseas demand slides.
UK, US hold open skies talks
Asiana selling assets to cope with falling demand
PAL may cancel some flights
US air screening firm will have to run tighter checks
Log Book

Features

Professional integrity first
THE guiding words in Joseph S K Kwok's business philosophy are focus and professionalism.

	web site

GoReefers takes Zen approach Rotterdam port to test reclaimed dock concept Holiday shipments boost box totals at Long Beach Contract awarded for new Great Lakes icebreaker Vietnam's national carrier adds China flights Towards a single European sky SAS sees traffic down

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OCTOBER 22, 2001
BA again in take-over talks with KLM Again Open Skies negotiations US and UK Swissair in tension Third quarter loss CMB Bolero signs up 1st tobacco shipper Net income UPS down German bank wants British rail 2000 out at Air Lingus

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Soyameal export prospects brighten Handicrafts fair nets Rs 150-cr. business Limit fixed for urea imports Goyal: Perspective plan to develop minor ports soon Chennai-Munich-NY direct air freighter service from Nov. 1 Rlys to join hands with Karnataka govt for 4 projects Forex reserves up by $ 210 million to $ 44,979 million Rudy holds out formula for export boost - Macro view...targeted approach NHAI finalising more highway contracts TN small units body to scout China, HK markets Silk exporters seek clarifications on DEPB order Exim Bank studying all aspects of credit Surendranagar cotton futures deals get govt okay Govt approve 33 FDI proposals Corporate giants fight shy of all-risk insurance covers RBI reduces Bank Rate, CRR to facilitate easier credit Call to scrap customs duty, devalue rupee Don't tinker with valuation rules, CII advises govt Inflation rate dips to 87-week low Forex reserves swell by $ 149 m Maharashtra govt wants Convergence Commission Hq. in Mumbai

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OCTOBER 22, 2001
Rotterdam firm, then steady Singapore market rebounds moderately Morning price indications from major Arab Gulf ports Firming trend in Korea this morning Indonesia wants OPEC to observe price-band mechanism New barge for Petrobras in Sepetiba

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Dollar Tree selects Portland as distribution gateway Seaway strike averted Alianca, Docenave combine Mercosur coastal service IMO promotes higher ship security P&O Nedlloyd's honors Captain Cook USFreightways net income drops USFreightways reorganizes logistics subsidiaries Report predicts low prices and high volume in world shipbuilding Con-Way begins construction on Tulsa center

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OCTOBER 22, 2001
IMO reacts to September 11 incident At the urging of IMO Secretary General William A. O'Neil, the organization's Legal Committee is to review the Convention for the Suppression of Unlawful Acts against the Safety of Maritime Navigation, 1988 and the Protocol for the Suppression of Unlawful Acts against the Safety of Fixed Platforms Located on the Continental Shelf, 1988 (the SUA treaties) Yukos to buy two chunks of Kvaerner for $100 million Russia's second-largest oil company is to purchase Kvaerner's hydrocarbons and process technology businesses, on a debt free basis, for an aggregate consideration of $100 million. Keppel completes FPSO conversion Keppel Shipyard, Singapore, has successfully converted a 155,000 dwt tanker into a Floating Production Storage and Offloading Vessel (FPSO)

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OCTOBER 22, 2001
American Classic Voyages files for bankruptcy protection New US trade group looking to open Japanese auto market Deal gives US airlines open access to French skies Kinder Morgan Bulk Terminals will run Port of Longview's Berth 2 Air cargo association founder Walter Johnson, dies

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European owners warn of deepening crisis EUROPEAN shipowners have alerted the European Commission to the deepening crisis within some sectors of the shipping industry but have stopped short of calling for financial help. While urg... South Korean shipbuilders agree to explore ways to curb over-supply A three-day meeting of JEKU, the shipbuilders' forum bringing together yards from Japan, Europe, South Korea and the US, has brought a tentative commitment from South Korean builders to explo... Rod Riseborough in FEFC hot seat as capacity cuts top agenda ROD Riseborough has been appointed chief executive of the Far Eastern Freight Conference, writes Janet Porter. He takes over at a critical time for the FEFC whose members are considering a...

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OCTOBER 22, 2001
Singapore to lose Evergreen? Details emerge of AMCV bankruptcy Concordia forecast unchanged Montanari to head Confitarma Grounded CSL bulker freed Spanish ferry routes opened to bids Feeders impose Chennai surcharge GE Shipping seeks foreign funding Hanjin looks to China for growth Oil flows from China's new field EU 'will ban rust-buckets' Suez targets E Med/Black Sea growth NO EU move on subsidies 'till Dec' Paranagua spill less than feared China to raise port charges Hooghly Dock resumes repairs EC agrees to relax capacity curbs Admiral to sort out Cagliari German shipping to get boost Kværner sales will raise $100M Seaway deal averts shutdown Quebec joins security coalition Panama tightens port security Five killed in Perama blast

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OCTOBER 22, 2001
Bolero moves into payment clearance The London-based company that promotes standardized forms of electronic business communication said it would offer a service for centrally gathering and verifying electronic documents necessary for clearing payment on international trades. British Airways, KLM revive talks Europe's largest airline revived alliance talks with the Dutch carrier 13 months after breaking off merger negotiations. Evergreen next to quit Singapore? Evergreen Marine Corp. is reportedly planning to move operations from Singapore in favor of fast-growing Tanjung Pelepas in southern Malaysia. CMA CGM adds South America connections Crop-dusted tug, barges released Schneider Logistics, Hellmann Worldwide partnering Report: Deutsche Post to acquire Airborne Express Brazil port gets $40M loan Schenker opens Japan logistics center FedEx opens Shanghai hub UPS eyes more China flights

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Essers vend ses parts dans la joint-venture avec TDS Le groupe de transport limbourgeois Essers a décidé de vendre sa participation de 33,3% dans la société de logistique automobile TDS/E à son partenaire canadien, le groupe TDS Logistics Inc (London, Ontario), qui détient les 66,6% restants. Cette décision fait suite à un changement de stratégie dans les deux groupes qui s’étaient alliés en 1997. L’accord prévoit entre autres qu’Essers recevra les bâtiments et terrains de TDS/E à Genk Winterslag et sur le site de l’usine de Ford à Genk. TDS/E sera rebaptisé TDS Automotive. SNCB: conseil d’administration décisif (?) sur ABX vendredi Le conseil d’administration de la SNCB de vendredi sera en grande partie consacré à ABX. La veille, une réunion de travail devra débroussailler et préparer le conseil. Il va sans dire que la publication du rapport des réviseurs Vam Impe, Delbrouck et PricewaterhouseCoopers continue à faire des vagues, à raison ou non puisque la direction de la SNCB “s’étonne de la présentation fallacieuse et incomplète faite au départ des travaux que les réviseurs ont réalisés”. Schenker va augmenter ses prix de 3,9% en 2002 “En raison de la forte hausse des coûts, Schenker Deutschland AG a décidé d’augmenter de 3,9% ses prix dans le transport de messagerie à partir du 1er janvier 2002. C’est ce qu’annonce la société, qui est considérée comme la plus grande dans le transport routier allemand, dans un communiqué L’ECSA cautionne la politique maritime européenne La conférence de presse organisée par l’ECSA (European Community Shipowners’ Association) à l’occasion de la publication du rapport annuel de l’association a été principalement dominée par les événements 11 septembre cette année. Ils ont non seulement accéléré la stagnation économique mais ont en outre donné lieu à une hausse exorbitante des primes d’assurances de guerre auxquelles sont confrontées les armements. Abstraction faite de ces éléments, l’année a été satisfaisante, a déclaré Emanuele Grimaldi, le président de l’ECSA, qui était pour l’occasion flanqué de son secrétaire-général Alfons Guinier. Le secteur maritime se porte bien et la politique européenne est qualifiée de très positive.

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OCTOBER 22, 2001
Workers' strike averted at Seaway A strike would have frozen vessel traffic in the St Lawrence Seaway on Saturday. Enron shares dive 23% Shares of the energy trader fell as much as 23% in Monday trading. Nanticoke free to go The bulker hit a bridge abutment shortly after being freed from low water levels. China kicks off container terminal project The $131m project on Yangtze River is expected to be completed in three years. B&N profits jump Swedish shipping group B&N is expecting a big increase on last year's result. Korean-Chinese firm adds new ferry service The Daeryong-ho is plying the route between Pyeongtaek, Korea and Rengcheng, China. USCG rounds up some big names Tsakos and Pan Ocean vessels fell foul of US port state control inspectors in September. Tidewater strengthens earnings The offshore vessel operator's revenues in July-September rose 28% from a year ago. Shipyards unite in sinking market As the EU and Korea continue bickering over yard prices there has also been talk of greater co-operation. VLCC market plummets Rates for large tankers are poised to crash the WS 50 barrier, with prospects looking bleak. Panama Canal to get new locks The canal authority will award the tender for new lock conceptual designs in two to three months. General Dynamics losing Newport News The number of shares tendered by the company has dropped to 12.7m from 22.8m three weeks ago. Hanjin plans China-Europe expansion Korean boxship owner is beefing up its joint service with Sinotrans, promising bigger ships. China snaps up scrap VLCC ExxonMobil has opted for a lower price to break its tanker at a more environmentally acceptable site. Tidemand takes on majority stake in Belships Offer response may have been buoyed up by market nervousness following September's attacks on the US. Morgan Stanley cuts P&O Princess earnings forecast The investment bank takes gloomy view of cruise operator's 2002 prospects. Ugland in pact with Eastern Bulk Carriers Ugland Bulk Transport is linking with fellow Norwegians to market more than 40 handymaxes. Bocimar pulls down CMB Belgium shipowner sounds a note of gloom on its business prospects for the year. Cash boost for Kvaerner as Yukos buys units The Anglo-Norwegian group is raising $100m from the sale of engineering and oil businesses. Coulouthros VLCC blast kills five Tanker explosion claims the lives of Greek shipyard workers during tank maintenance work.