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Shipping News

Meeting advances regional fight against piracy
THE fight against piracy in regional waters was advanced yesterday with the opening of a three-day 'milestone' meeting of officials from 16 Asian countries in Jakarta.
HMM in exclusive talks to sell car division to Wallenius
Jaya's newbuilds programme worth $285m
PSA's volume growth continues in Feb
Wage rates of German FOCs

Air and Land Transport

Thailand willing to sell over 23% in Thai Air
THAILAND is willing to sell more than the previously planned 23 per cent stake in flag carrier Thai Air International, but its preference is to raise funds via a public offering rather than allow rival airlines including Singapore Airlines to take a stake.
US airlines show signs of gradual rebound
US airlines setting up insurer to cover terrorism risks
Airbus plane may cost US airports US$2b
Ansett collapse won't delay Sydney airport sale decision
Qantas workers to hold partial strikes

web site

Shipping News

Meeting advances regional fight against piracy
THE fight against piracy in regional waters was advanced yesterday with the opening of a three-day 'milestone' meeting of officials from 16 Asian countries in Jakarta.
HMM in exclusive talks to sell car division to Wallenius
Jaya's newbuilds programme worth $285m
PSA's volume growth continues in Feb
Wage rates of German FOCs

Air and Land Transport

Thailand willing to sell over 23% in Thai Air
THAILAND is willing to sell more than the previously planned 23 per cent stake in flag carrier Thai Air International, but its preference is to raise funds via a public offering rather than allow rival airlines including Singapore Airlines to take a stake.
US airlines show signs of gradual rebound
US airlines setting up insurer to cover terrorism risks
Airbus plane may cost US airports US$2b
Ansett collapse won't delay Sydney airport sale decision
Qantas workers to hold partial strikes

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HIT takes on super post-panamax cranes Wallenius invests in Korea Xinjiang welcomes the world US makes port security grants Haba-Sped founds new Asia Pacific office K Line Acquires ISO 14001 Qantas steps in where Ansett leaves off TRW in redesign of Boeing 747-400 cargo system KN expands contract logistics business in Australia America West reports February load factor Up

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MARCH 5, 2002
KLM volume growth in February European airlines propose insurance fund Georgia-Pacific selects Logistics.com BA knife in its German subsidiary PSA growth for February TNT Express expansion in Eastern Europe

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2 Indians among 3 win IICL Container Inspector's Award Brooks Sports honours Maersk Logistics Sri Lankan delegation scouts for JVs with Indian cos - BCCI holds India-Lanka Industry Partnership meet Cargo handling at VPT crosses 40-mt mark P&O Ports experienced a roller-coaster ride after takeover of CCT - Capt. Jimmy Sarbh narrates his Chennai episode AP govt may develop SEZ near Gangavaram port NMPT container traffic surges by 92 pc CBDT favours 10 pc lower rate of depreciation Budget provides a fair deal for transport sector Excise rate cuts no solution to slowdown, asserts Sinha Fin. Minister taxes truck-owners for addl Rs 670 cr. Commerce Ministry fine-tuning Medium-Term Export Strategy Forward Markets Commission to invite fresh bids for futures exchange Handloom expo on in Mangalore

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MARCH 5, 2002
Steady market in Brazil Argentina market report OPEC closer to its new output quotas US economy grew in 4q2001, positive effect on oil prices Chile market report from Coastal and Pacsa OPEC nearing output quota, crude oil rises Rotterdam morning market report

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MARCH 5, 2002
Web tracking system by P&ONL Two ContChamps for Lille Strasbourg invests TLF protests Start-up aid for combined transport Green light for tonnage tax IRU relieved Norfolk Southern Promotes Economic Growth With Industrial Development Initiatives Port of Oakland and BNSF announce joint intermodal terminal Wilh. Wilhelmsen and Wallenius Lines: to take over HMM car carrier division

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SembCorp loses Solitaire ruling to Allseas AN arbitration tribunal has ruled that Swiss offshore contractor Allseas was entitled to cancel a S$230m (US$125.5m) conversion contract with Sembawang Shipyard for pipelaying vessel Solitaire in 1995. Listing goes ahead for less than perfect TEN TSAKOS Energy Navigation has become the third tanker company to secure a New York Stock Exchange listing in the past year, but to get the issue away the company was forced to accept a price that fell short of its ambitions. Hyundai cars deal key to kickstart Wallenius buy NEGOTIATIONS to finalise the $1.5bn purchase of heavily-indebted Hyundai Merchant Marine's car carrier division will drag on for at least two months, prospective buyer Wallenius Wilhelmsen has said. Steel transport faces US tariffs SHIPPING companies involved with the transport of steel to the US face a period of huge instability with president George W Bush due to announce tariffs on imports of the commodity.

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MARCH 5, 2002
TEN debuts at $15 on NYSE US steel tariffs to hit 30 per cent Shipyards differ on price trends Pak One wreck removal begins Japan reviews container terminals Fosen suspected of fraud Indonesia stresses piracy combat Mipo yard loss forces resignation Steelmaker to take Vladivostok Order slump leads to pay freeze Hoegh also interested in HMM The World misses maiden sailing No bidders for Chilean facility Essex discharges illicit Iraqi oil Box feederships back at Paradip Israeli tourism collapses Evergreen still undecided on PTP

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MARCH 5, 2002
Tung: Lines must avoid price war The chairman of Orient Overseas (Intl.) said carriers must resist damaging rate wars that will turn their industry into a commodity business. Holt Group in bankruptcy deal The ocean carrier and stevedore group has a new chief executive officer and an agreement with creditors that avoids appointment of a Chapter 11 bankruptcy trustee. UPS offers corporate campus service United Parcel Service unveiled a new service aimed at customers with widespread facilities and decentralized workforces. PSA to acquire Belgium terminals Canada ports deny security lapses Pakistan agent offers cargo service to Afghanistan Bush to impose steel import tariffs FedEx starts direct Frankfurt-Memphis flights Schenker, Seino in U.S.-Japan joint venture Wallenius Wilhelmsen acquiring Hyundai auto unit Air traffic slump throttles back BNSF to operate Oakland terminal NCBFAA blasts Chinese regulations

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Les professionnels réclament plus de pouvoirs pour l’UE en matière de transport Le développement des infrastructures en matière de transport est-il réellement pris en compte par l’UE? Cette question faisait partie d’un débat qui animait la première matinée de la conférence-exposition SITL qui se tient actuellement à Paris, et les réponses qui y furent apportées donnent matière à réflexion. Sujet particulièrement sensible, car l’UE est en quelque sorte victime de la subsidiarisation, chaque pays membre décidant de ce qu’il juge bon de faire. Seine-Nord: c’est (presque) parti Le ministre français des Transports, Jean-Claude Gayssot, a confirmé lundi à Amiens le choix du fuseau (tracé) pour le futur canal Seine-Nord. Parmi les 21 possibilités, deux s’imposaient: celle longeant le canal de Saint-Quentin, et celle longeant le canal du Nord. C’est cette dernière option, que défendait Voies Navigables de France, qui a été choisie. Selon la porte-parole de VNF, c’est donc la satisfaction. Elle insiste néanmoins sur le fait que ce choix est une étape importante, mais ne crie pas victoire pour autant: de nouvelles études sont nécessaires... et le financement n’est pas réglé. Ce choix, néanmoins, rend réaliste l’échéance 2015/2020 pour la réalisation du projet, qui devrait coûter 2,6 mia. d’EUR. Il permettra entre autres de relier les ports belges à Paris à un gabarit de 1.350 tonnes. Le bénéfice de Hays recule moins fort que prévu Tenant compte des conditions de marché difficiles, le groupe de transport et de services britannique Hays s’est relativement bien comporté durant la première moitié de l’exercice 2001/2002 - clôturé le 31 décembre. Le bénéfice du groupe a il est vrai baissé de 12% par rapport à l’an passé, mais reste malgré tout à un niveau acceptable. Eurinpro envisage de créer un campus logistique Disposant de magasins standard multifonctionnels, le promoteur Eurinpro se profile de plus en plus comme une valeur sûre sur le marché de la construction semi-industrielle. Le spécialiste immobilier de Malines, actif jusqu’à la fin de l’an passé sous le nom de Verelst, se présente en outre comme un véritable prestataire de services pour les entreprises logistiques. Son dernier projet auquel il a travaillé en Belgique est la construction du Canal Logistics Center à Willebroek. De nombreux autres projets sont également en cours et Eurinpro pense ouvertement à la réalisation d’un vaste campus logistique.

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MARCH 5, 2002
Canada tracks down two oil polluters This comes after the recent prosecution of Tokyo-based shipowner Orix Maritime. Kenneth Trippe dies Trippe, 69, was chairman of Cruise Brokers, which oversee purchase, sale and finance of cruise ships. Eletson sails through tanker slowdown Focus on still profitable medium sized products tonnage pays off. Clipper buys 12 ships Move to acquire modern multipurpose fleet will cost well over $100m. Tsakos debuts above IPO price TEN opened Tuesday trading in New York at $15.90, hitting a high of $16.06. Armed men raid Enterprises offices Security guard shot after two intruders force entry at Victor Restis' Enterprises Shipholding in Athens. Tarquin team split Owner and manager bucks consolidation trend and demerges into three companies. Panamanian-flagged vessel busted for drugs The Seaboard Express was smuggling more than two tonnes of marijuana in a container of yams. Petrobras lines up fresh tanker orders Brazilian giant keeps close watch on secondhand prices as it moves to grow suezmax fleet. Nel Lines still losing money Revenues rose with delivery of new ferries, but pre-tax figure only marginally better in 2001. Gas market lifts Skaugen More positive trend for Norgas set to boost first quarter result. Cash crisis hits Polish yard Bankruptcy fears as Stocznia Szczecinska sends workers home. Jaya details $156m vessel building plan Singapore offshore vessel owner and builder outlines its vessel construction and delivery programme. Two bidders vie for SPaP Previous auction winner goes up against unnamed competitor for Slovakian bulker owner. Simon Group up for sale UK shipowner and ports group inviting offers from interested parties after increasing profits last year. Korean shipbuilding faces challenges Over capacity and increased competition from China to hit Korean yards. CNOOC plans to list shipping arm China National Offshore Oil Corp is planning to take some of its subsidiaries public. Profits nearly double at Penguin Boat Profitable year for Singapore-based offshore vessel operator and charterer on back of forex gains and sales.