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Shipping News

PSA set to take stake in merged Belgian port firm
THE merger of Belgium's two terminal operating giants is reported to have been completed last week, clearing the way for Singapore's PSA Corporation to take its majority stake after months of delays.
NY port authority gives nod to US$4.5b budget
K Line adds to West Japan service
22 rescued from ship

Air and Land Transport

Aussie air competition remains strong: Dixon
QANTAS Airways chief executive Geoff Dixon said competition between Australian airlines remains strong and air fares will stay competitive following the collapse of its biggest rival, Ansett Holdings.
Crossair defends change to 'Swiss' brand
HK, US finish air talks
We gave US$4.1b in financing to airlines since Sept 11: GE
Passenger volume recovering at Las Vegas airport
CNAC gambles on Macau becoming Vegas of the Orient

web site

Shipping News

PSA set to take stake in merged Belgian port firm
THE merger of Belgium's two terminal operating giants is reported to have been completed last week, clearing the way for Singapore's PSA Corporation to take its majority stake after months of delays.
NY port authority gives nod to US$4.5b budget
K Line adds to West Japan service
22 rescued from ship

Air and Land Transport

Aussie air competition remains strong: Dixon
QANTAS Airways chief executive Geoff Dixon said competition between Australian airlines remains strong and air fares will stay competitive following the collapse of its biggest rival, Ansett Holdings.
Crossair defends change to 'Swiss' brand
HK, US finish air talks
We gave US$4.1b in financing to airlines since Sept 11: GE
Passenger volume recovering at Las Vegas airport
CNAC gambles on Macau becoming Vegas of the Orient

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Shipping giants introduce new surcharges, rates IPBCC revises surcharges Vastera acquires Imanet KAL predicts turnaround year Lufthansa increases North American schedule by 40 pc Cathay Pacific welcomes progress in air service talks

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MARCH 1, 2002
Record earnings Deutsche Post Air France joins GF-X Air cargo down 9.3 per cent Italian train strike Plan for new London airport Profit Amsterdam airport group No Belgian joint-venture Virgin

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Budget provides tax sops to encourage fleet acquisition, modernisation Domestic shipping industry's horizon brightens India moots base price for Asian robusta coffee exports Anti-dumping duty on hydrofluoric acid from China mooted US slaps hefty dumping duty on Indian steel Patrol vessel CGS Sarojini Naidu launched at GSL 7 cos shortlisted to bid for Gangavaram port project Kamal Jain takes over as Chief Manager of ICD-Sabarmati Tata Teleservices signs accord with CWCL Rlys changing image from bulk transporter to logistics provider Govt to clarify on FII investment limit soon Government allows 50,000 tonnes additional maize imports at 15 per cent duty AEZs, SEZs thrust areas for export boost: Rudy Lacklustre Budget, says IMC Garment exporters left at the deep end: CIAe chief Hardware sector finds room for cheer DEA dismayed by Budget proposals AEPC to release additional textile quotas under FCFS basis today More tax reliefs would have swelled fiscal deficit, explains Sinha Karzai lists areas for investment in Afghanistan

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MARCH 1, 2002
Chile market report Singapore number changes Tight avails continue in Durban Good avails reported on the African West Coast Brazil market update US Gulf stays firm with tight avails

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MARCH 1, 2002
IMO's MEPC faces heavy schedule Ballast water management, air emissions, antifouling, ship scrapping and more are on the agenda for a meeting next week Marathon, Golar LNG in Tijuana LNG project Could require up to 10 LNG vessels ResidenSea ship hits problems Yard faces mounting penalties. Seaport security solution? Canadian electronics manufacturer enters market LPD 17 milestone Northrop Grumman completes early landing of all four main propulsion engines and three of five power generators on their foundations.

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MARCH 1, 2002
Olympia Port Commission gives go-ahead to Port Plaza upgrades Both sides of rail picture post gains during week Metals recycling firm moves to new covered facility in Tacoma Corps taking second look at Columbia dredging project numbers Department of Transportation sets Port Security finance plan in motion

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DFDS Seaways ferry Admiral of Scandinavia had made her inaugural call at Cuxhaven The 18,888 gt DFDS Seaways ferry Admiral of Scandinavia made her inaugural call at Cuxhaven at the weekend after the decision to axe her longstanding Harwich-Hamburg passenger and freight service. The new link will cut transit times between Harwich and Germany by about three hours and give easier access to Bremen and Hanover. Ralf Witthohn Wilhelmsen mystery to be revealed SHARE trading in Oslo-listed Wilh Wilhelmsen was suspended on Friday amid speculation that the group is poised to unveil the purchase of heavily-indebted Hyundai Merchant Marine's car carrier division. Nordea arrest puts Sunship on spot NORDEA Bank has arrested three chemical carriers operated by Swedish owner Sunship Rederi after Sunship defaulted on mortgage loans, the bank has confirmed, write Rajesh Joshi and Brian Reyes. Lloyd's List and SMM to mark technical advances In a move to recognise global leaders in shipbuilding and marine technology, Lloyd's List today launches a major new awards scheme in partnership with Hamburg Messe, organisers of Shipbuilding, Machinery and Marine Technology (SMM), the world's largest shipbuilding fair. Golar LNG turns on the power GOLAR LNG is taking a stake in a multi-billion dollar integrated liquefied natural gas/power generation project in North America which could require up to 10 LNG carriers.

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MARCH 1, 2002
Vietnam scrapyard bites the dust Seaway adopts AIS Lloyd's lifts Lanka surcharge DFDS switches to Cuxhaven Essex freed to discharge Iraqi oil HHI targets LNG ships Terminal operators complete merger Precious stays upbeat Tianjin port to invest $157M Golar gets Baja deal National strike hits Indian ports Fire forces Color Line cancellation EWATA hikes African rates Dutch pilots table new rate scales Ship missing in Sea of Japan Mindanao-Brunei trade link inked Alaska ferries drains money tank Greek ferry profits fall

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MARCH 1, 2002
Hearing for trustee request in Holt case scheduled for Monday Unsecured creditors have asked that a Chapter 11 trustee be appointed to oversee the company. U.S. air cargo woes leveling off? Air cargo volume slipped 9.3% in January, the smallest monthly drop since July 2001. International court rules in two HMT cases DOT accepting port security grant applications Indian shipping companies to get tax breaks Express targeted in Amtrak cuts Hong Kong, U.S. in "friendly" air talks Safmarine absorbs Himalaya Express sub-continent services Ryder plans Taiwan aerospace support air center

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MARCH 1, 2002
Record result for Awilco Anders Wilhelmsen puts quoted arm at centre of group shipping strategy. ITF agrees to review rates Talks with employers pave way for review of union benchmark rates and beneficial ownership. VLCC rates sink lower in bleak market Nervousness is gripping owners as unemployed large tanker tonnage starts to build up. Shipping fortunes shrink Sammy Ofer and Maersk Mc-Kinney Moller discover they have a lot in common. Alaska again mulling cruise tax issue The state hopes to include a $30-head tax on cruise passengers in the 2002 budget. Unitor maintains stable revenues The Norwegian ship supply group raked in $275.97m worth of operating revenues in 2001. Wilhelmsen rumours roar Hyundai takeover, Wallenius merger, or maybe going private stories spread. Larger fleet size boosts Farstad's income The Norwegian shipping firm's 2001 operating income rose by 17% to $139.65m. Torm seeks Nasdaq listing Share price jumps as top product tanker owner unveils dual listing plan. Golar hooks into Mexican LNG import project John Fredriksen's gas company could be looking to source 10 LNG carriers if its Baja project flies. Tanker sales slash Nepline's profit Malaysian tanker owner continues quest for tankers to boost its fleet and performance. Eidsiva cuts losses as fleet shrinks further Norwegian owner's performance improved in 2001, but it is still trying to sell or charter Anja 11 ferry. Jinhui back in black Hong Kong shipping firm's 2001 net profit of $3.32m reverses losses in the previous two years. Reborn Star Reefers back in profit UK-based owner formerly known as Swan Reefer is making money again after restructure and acquisition. Essex freed Owner set for huge demurrage payout as ULCC allowed to offload disputed cargo after 128 days. Chu Kong issues profit warning Keen competition and weaker economy will hit earnings at Hong Kong shipping and ports company. Unithai Shipyard adds second drydock Thailand's largest shiprepairer has improved its flexibility with the addition of a handymax drydock. Thoresen Thai sells cargoship for scrap Thai owner cuts fleet to 25 ships after disposing of 1977-built Hermod.