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Shipping News

Carnival ups offer to equal Caribbean's bid for Princess
THE fight for British cruise operator P&O Princess Cruises plc intensified on Wednesday with Carnival Corp improving its offer to 3.6 billion and stripping some conditions from its earlier unsolicited bid.
IMF turns down Liberian plea on shipping registry
Penang Port aims to be intra-Asian feeder hub
Indon Navy seizes two ships for carrying illegal logs

Air and Land Transport

Anti-terrorism measures put to the test in San Francisco
BEEFED up anti-terrorism measures implemented in US airports since last year were put to the test here when a chemical analysis showed possible signs of explosives on a passenger's shoe.
Higher US air fares from today
EC backs Sept 11 aid for French airlines
JAL expects July recovery for international routes
Engineers at Boeing's Texas plant reject contract offer
China Southern buys jets, assets from parent
LOG Book

web site

Shipping News

Carnival ups offer to equal Caribbean's bid for Princess
THE fight for British cruise operator P&O Princess Cruises plc intensified on Wednesday with Carnival Corp improving its offer to 3.6 billion and stripping some conditions from its earlier unsolicited bid.
IMF turns down Liberian plea on shipping registry
Penang Port aims to be intra-Asian feeder hub
Indon Navy seizes two ships for carrying illegal logs

Air and Land Transport

Anti-terrorism measures put to the test in San Francisco
BEEFED up anti-terrorism measures implemented in US airports since last year were put to the test here when a chemical analysis showed possible signs of explosives on a passenger's shoe.
Higher US air fares from today
EC backs Sept 11 aid for French airlines
JAL expects July recovery for international routes
Engineers at Boeing's Texas plant reject contract offer
China Southern buys jets, assets from parent
LOG Book

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GAC Cargo Systems strengthens HK office MTL ahead of the game Cargo boost at Port of Halifax Qingdao enjoys export boost Evergreen to exercise worldwide fleet redeployment New containership service organisation formed JAL, JAS merger update Boeing posts profit despite September 11 impacts FAA Seeks penalty against American Eagle

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JANUARY 31, 2002
Open skies blown by European court US air cargo down 16,4 per cent UK mail monopoly no longer protected MOL to consolidate training centers KLM result better than expected 'Brand new brand': Swiss Air Lines (SAL) European Commission authorizes French compensation scheme French short sea shipping aid authorized

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GE Shipping's profits record 77 pc increase to Rs 73.52 cr. in Q3 Dumping duty on polyester staple fibre mooted P&O's ports & terminals put up spectacular performance in 2001 - About 44 pc of P&O's port business in Asia MPs panel holds interactive meet with port users at IMC Ease earnest money deposit norms: AEPC 15 focus areas listed to achieve $ 80-bn goal - Maran unravels Medium-Term Export Strategy - Customs, excise duty cuts, cheaper rupee mooted 4-pt strategy to identify markets mooted 5 main sectors for export thrust Stress on value-added agro goods exports in new Strategy LAC to be focus of EEPC seminar on Feb. 15

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JANUARY 31, 2002
Weather improved in the US Gulf US East Coast markets softer Demand picked up in Istanbul, one supplier lacks IFO Mixed demand in Piraeus, avails generally OK Tight fuel oil in Italy, Malta avails OK Russia paves way for more fuel oil exports by slashing tax Residual oil stocks at half-year high in Singapore Short term congestion in Gibraltar and Las Palmas Moderate weekly gains in Hong Kong and Taiwan Korean market steady after recent gains Rotterdam morning market report Vopak chairman resigns suddenly after profit warning Prices from Russian ports

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JANUARY 31, 2002
Lamprecht and Wilhelm Diehl: 25 years T&B: contract with 7-Eleven BAX Global cooperates with Microsoft Ernst Glässel represents RCL MAS to split its operations Rationalization in the Atlantic MOL to consolidate training centers in the Philippines New records for Singapore Contship Italia orders 10 RTGs CSA to acquire assets from Southern Airlines

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MOL unveils bessels MOL Ingenuity has emerged bright and shiny from the CSBC drydock in Kaohsiung. The product of a corporate rebranding campaign, she is the ship formerly known as Danube, writes Matthew Flynn. Enterprises in deal with bondholders AFTER months of often abrasive argument Enterprises Shipholding and its principal bondholders have hammered out the basis of a deal to end their dispute. Allianz to merge two subsidiaries ALLIANZ yesterday launched the merger of its two credit insurance companies, Euler and Hermes, in a move destined to reinforce the group's position as world leader in the field. Kerr-McGee plans to boost takeover war chest by $2bn US oil explorer and producer Kerr-McGee yesterday signalled it was ready to join the merger and acquisition fray gripping the energy sector with a filing to US regulators to raise up to $2bn for its corporate warchest. Simon Group begins the search for a buyer BRITISH ports and logistics operator Simon Group is to approach prospective buyers to seek offers for the group following the conclusion of a strategic review. Bergesen is favourite to win Nigeria gas deal Bergesen, Norway's largest bulk shipping group, has emerged as the favourite to supply four large liquefied natural gas carriers for Nigerian LNG's expansion project.

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JANUARY 31, 2002
Stolt-Nielsen profits shoot ahead Extent of Tigers attack revealed Costa sells Riviera for scrap No war risk relief for Iraq Oman to join Marpol agreement Malta workers signal more protests Harlands faces further redundancies Shin retakes shipbuilding duties Sepetiba struggles to succeed Training school 'slanderer' traced Truce declared in Enterprises case Bugsier forced to diversify SCI woos foreign investors Wilhelmshaven decision postponed Russia denies Panama agreement Livestock carrier owner goes under IMO split on US security proposals Grain exporters demand tax refunds Liner majors target Black Sea Lang, Toll acquire National Rail

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JANUARY 31, 2002
EU Court rules against "open skies" The landmark decision could spell the end for restrictive rules that govern global air services. Kuehne & Nagel gets Nortel logistics Norfolk Southern issues storm alert NJ Gov. calls for federal port security funding Galveston port chief quits Architects get Anchorage air cargo contract FedEx, UPS settle Fritz suit Pilots call for tighter cargo security China will be trans-Pacific trade engine: Execs Cargo drags China Airlines results Taiwan tabs former China Airlines chief for economic post

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JANUARY 31, 2002
US, Canada to share vessel intelligence Strategic installations in the Great Lakes and St. Lawrence Seaway are potential terrorist targets. Global Crossing maintains strong political ties The bankrupt cableship owner was ranked No.23 political donor in the 1999-2000 US election cycle. ChevronTexaco may bid for Phillips or Conoco The potential bid aims to thwart the $17.1bn merger between Phillips Petroleum and Conoco. Stolt tanker earnings climb Chemical tanker giant Stolt-Nielsen predicts growth despite fourth quarter setback. Sovcomflot builds massive tanker orderbook Russian giant has ordered two more products carriers from Hyundai Mipo in Korea. Slice of Piraeus up for grabs Investors will be able to buy a quarter of Greece's biggest port, the government has announced. P&O Princess charters Renaissance ship Cruiseship brand Swan Hellenic to acquire one of the vessels from recently bankrupted owner. American Commercial Lines to hold bond payout ACL is not paying its bondholders even after a 30-day grace period. US holds nine in December Great Eastern bulker among the culprits as US Coast Guard releases detention figures for last month. Kirby sails through rough waters Net earnings rose 17.6% in October-December despite a slowdown in chemical business. Enterprises ends feud with bondholders Reefers already back at work after Victor Restis company and US investors finally reach agreement on bond default. Secondhand aframax sale sets market tone Price on a three-year old tanker likely to deter speculators looking to cash in on resales. Evergreen Marine logs profit rise Year-end figures for Taiwanese boxship player show improvement but revenue slide is evident. FOE back in profit Shipbuilder Fred. Olsen Energy made money last year, but job cuts are possible at Harland & Wolff. Vinalines outlines vessel buying plans Vietnam's state shipowning group needs to buy more ships, as domestic newbuilding fails to meet demand. Austal signs up with the US Marines US military takes Aussie fast ferry builder's catamaran on three-year charter. IMC shares suspended Bulk and chemical tanker operator's on-off privatisation looks to be back on again. Wartsila buys John Crane-Lips for $304m Engine builder expands product range with acquisition of marine propulsion systems maker.