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Shipping News

Higher capacity could derail plans for rate hike: shipping lines
MITSUI OSK Lines Ltd and other Asian shipping lines said efforts to secure freight rate increases of as much as 20 per cent on trans-Pacific routes may be stymied by companies adding too many new ships.
Search resumes in Bangladesh ferry sinking
Asean ports conference focuses on Jakarta's role as regional hub
Salvage firm to turn to Supreme Court in bid to sell Titanic artifacts

Air and Land Transport

Melbourne Airport buys Ansett terminal stake
THE administrators of failed airline Ansett Australia said they had agreed to sell Ansett's interests in Melbourne Airport domestic terminal to Melbourne Airport for an undisclosed sum.
SriLankan Air eyes S'pore's Buddhists, Indian expats
Delta to charge US$10 extra for paper ticket
Shenzhen Int'l unit buys stake in Shenzhen Airlines
EasyJet in talks to buy rival Go
Swiss Parliament panel opposes air traffic treaty with Germany
Cebu Air's 2001 profit trebles
Log Book

web site

Shipping News

Higher capacity could derail plans for rate hike: shipping lines
MITSUI OSK Lines Ltd and other Asian shipping lines said efforts to secure freight rate increases of as much as 20 per cent on trans-Pacific routes may be stymied by companies adding too many new ships.
Search resumes in Bangladesh ferry sinking
Asean ports conference focuses on Jakarta's role as regional hub
Salvage firm to turn to Supreme Court in bid to sell Titanic artifacts

Air and Land Transport

Melbourne Airport buys Ansett terminal stake
THE administrators of failed airline Ansett Australia said they had agreed to sell Ansett's interests in Melbourne Airport domestic terminal to Melbourne Airport for an undisclosed sum.
SriLankan Air eyes S'pore's Buddhists, Indian expats
Delta to charge US$10 extra for paper ticket
Shenzhen Int'l unit buys stake in Shenzhen Airlines
EasyJet in talks to buy rival Go
Swiss Parliament panel opposes air traffic treaty with Germany
Cebu Air's 2001 profit trebles
Log Book

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MSC restructures transpacific service Cosco Hong Kong makes debut voyage from SAR Box shipments fall at Port of Long Beach San Francisco has eye on transport New twice weekly sailing from UK to Singapore, Hong Kong Port of Oakland receives new super post-panamax cranes UPS to build regional air hub at Vancouver airport SIA ups Virgin interest United to launch web portal

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MAY 3, 2002
Shipping conferences come under EU-fire The European Commission plans to conduct a thorough investigation of pricing agreements between container lines, an action demanded by European shippers. Air Canada cuts losses For the quarter ended March 31, 2002, Air Canada reported an operating loss of $160 million, a $133 million improvement from the 2001-quarter. KLM cargo load factor up KLM said today its overall load factor in April rose by 2.1 percentage points to 78.9 per cent from last year's 76.8 per cent, while traffic declined by 6 per cent. Schenker boosts earnings by almost 19 percent Schenker earned over 128 million euros in 2001, an increase of almost 19 percent compared to 2000, because of a bigger market share in worldwide forwarding. TPG acquires 50 per cent of DFDS TNT Post (TPG) announced today that through its division TNT Logistics, it has acquired a 50 per cent stake in DFDS Transport Logistics (registered as DSV Logistik Holding A/S), a subsidiary of DSV A/S. US airlines problems in April Major U.S. airlines reported on Thursday they filled a smaller percentage of seats in April as more flights since the Sept. 11 hijackings met softer demand and a March Easter holiday made year ago comparisons tough.

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SCI, Dongnama, "K" Line & PIL to launch INDFEX 2 ex-Chennai - Direct service to link India's E. coast with China P. D. Prasad & Sons awarded coveted ISO 9002 Certificate IPBCC lines raise bunker surcharge Italian furniture makers tap Indian market Egg exports picking up Vizag Port establishes new monthly cargo handling record in April MbPT plans to cut costs for Port users R. R. Sinha given additional charge as MbPT chief - A. K. Mago shifted as MSEB Chairman Mulund CFS achieves record of stuffing 3,024 TEUs in April IMF report notes India's resilience; projects 2.8 pc growth in world economy Premium spurts on select export quota garments Poverty alleviation vital for industrial growth: Jalan - IMC's Platinum, Diamond Jubilee Endowment Trust Awards presented Japanese port equipment developers' FDI plan cleared Govt asks IIFT to prepare paper on trade promotion to Sub-Saharan Africa Key issues on FDI strategy under scrutiny Andhra to set up 5 AEZs with Apeda help Software exports from Karnataka net Rs 9,903 crore Finished leather exports log 28 pc growth State approves of Ficci's common roof proposal ICICI Bank keen to open branches overseas RBI Dy Governor Reddy made IMF Executive Director

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MAY 4, 2002
Germany warns of passenger ship threat German authorities have warned of possible ship hijackings and suicide bombing attempts in European waters.

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Gray returns to Hutchison CHRIS Gray has rejoined the Hutchison group less than four months after leaving the Hong Kong-based ports operator, writes Janet Porter. He has been appointed general manager of Freeport Harbour Co in the Bahamas. A well-known figure in shipping circles around the world after a long spell with Cointship Containerlines and three years in charge of Hutchison's UK ports, including Felixstowe and Thamesport, Mr Gray surprised many colleagues and customers by deciding to retire at the end of last year. Liberia flag to face UN audit THE United Nations Security Council meeting in New York today is expected to require that an audit of Liberia's shipping registry be carried out within the next three months. IMO scuppering of ownership disclosure accepted by US the United States was "comfortable" with recent moves at the International Maritime Organisation that scuppered a US call for the mandatory disclosure of beneficial ownership of vessels, according to a senior US Coast Guard official, writes John McLaughlin in New York.

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MAY 3, 2002
Mandatory ID cards 'next year' No Daily News on Monday May 6 EPA explains emission regulations Flender hit hard by downturn Ammonia project benefits Dampier Uncertain Wartsila posts 1Q profit Budget boost for Singapore shipping Pakistan moves towards KSEW sale Frontline mum on Tankers rumour IMC, MISC in Handysize venture Tensions rise around CSL Yarra Broström upbeat at interims Flender suffers from ferry losses Three more bodies found Greek-controlled tonnage declines North Korea builds cargo ship Puerto Bolivar to be privatised Special judge to investigate claim Spirit stranded as aircon fails Odfjell cries foul over port stake Crew accused of dumping waste

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MAY 3, 2002
Carriers unveil Web cargo service Cargo Portal Service will offer online booking and air freight management for airlines, forwarders. Hamburg Süd bucking trend with deliveries of vessels in 2004-05 The line will order tonnage for delivery in 2004 despite an expected drop in new capacity after the flood of vessels coming onstream in 2002-03. Court upholds tougher diesel regs A federal appeals court unanimously upheld requirements for tougher pollution controls on large trucks and reductions in the amount of sulfur allowed in diesel fuel. TSA, Evergreen units to discuss rates Security plan for barges, tugs P&O parent's debt downgraded Appeals court won't block Mexican trucks Former FMC chair Bentley mulls run for Congress at 78 Lines expand Asia-Africa service Schenker earnings climb Evergreen launches new box ship Five lines in S. Fla. shift FMC collects $764,500 in fines

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MAY 4, 2002
Panalpina envisage son entrée en bourse Panalpina a encore enregistré l’an dernier des résultats record: le bénéfice brut a augmenté de 7,7% à 1,2 mia. de CHF pour un chiffre d’affaires net de 5,3 mia. de CHF (+0,2%). Le bénéfice d’exploitation a progressé de 16,9% à 152,9 mio. de CHF. L’entreprise logistique suisse doit ces résultats à la croissance supérieure à la moyenne dans le fret aérien et maritime grâce à une gestion centralisée de la capacité, au bond en avant de la logistique et à une gestion rigoureuse des coûts à tous les niveaux de l’entreprise. Six entreprises logistiques forment l’alliance Eunique Logistix Six entreprises logistiques en Europe ont uni leurs forces dans le but d’offrir ensemble une prestation de services pan-européenne. Il s’agit d’Eurobeta (Espagne), Mazet (France), Supply Lane (Grande-Bretagne), Offergeld (Allemagne et Luxembourg) et la filiale d’Offergeld Rogister (Belgique). D’ici l’année prochaine, la nouvelle alliance veut être représentée dans l’ensemble de l’Europe. Nile Dutch Africa Line lance un service Afrique du Sud-Angola L’armement Nile Dutch Africa Line va lancer à la fin du mois de mai un nouveau service containérisé entre l’Afrique du Sud et l’Angola. Pour ce faire sera aligné un PC cellulaire affrété de 800 TEU, le m/v “NDS Benguela”, conçu pour transporter des containers lourds. Le premier départ aura lieu le 30 mai prochain à Durban. La fréquence d’un départ tous les 10 jours implique qu’un deuxième navire interviendra rapidement. Ce service sera mis en connexion avec le service européen de l’armement, ce qui interviendra à Luanda. Le groupe T.I. entame un partenariat avec l’américain BDP International Le groupe BDP International, un leader sur la scène américaine des services de transport et de logistique a pris une participation de 50% dans le groupe belge T.i. (T.i. Trans International Shipping & Forwarding) dont le QG est à Anvers. Il s’agit là d’une formule de partenariat qui doit permettre auxdits partenaires de mettre en valeur leur complémentarité et d’étendre considérablement leurs activités.

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MAY 3, 2002
Olympic Voyager heading for Europe The 836-passenger ROCL vessel will return to Houston in November. Moody's cuts P&O's ratings The lower rating reflects expectations of weaker short- and medium-term profitability. Law firm holds AMCV ship auction Four ships will be auctioned to highest bidder in Chicago on Friday. Torm plans 50 ship growth Klaus Kjaerulff aims to double products fleet to become shipping "superstore." Petrobras oil workers may strike again Unionised workers are demanding better profit sharing terms. Work delay slashes Cal Dive's income The company stock rose by 60 cents Friday despite weaker income. Price not right for DFDS LISCO Baltic Service's major shareholder sees no reason to bid for government stake. MOL warns on Pacific capacity Transpacific box carriers unlikely to realise rate rises if new ships continue to be added, Japanese owner says. Boxship orders stall for Wartsila Finnish engine maker said tanker and bulker sector most active in first quarter. Brostrom to distribute profit AGM approves dividend that will dispose of 40% of after tax result. Sweden resolves Asian King crisis Three week refugee problem ends as "orbiting" Iraqis leave Hyundai car carrier. Papachristidis clears out ULCCs Bangladesh breakers snap up two more larger tankers in pre-budget fever, but prices slide. OOCL reports upturn Improved China-Europe trade brings 22% cargo boost. Berlian Laju aims high Indonesian tanker owner wants to expand its fleet this year, as earnings rise. Cash shortages could hit US port security Eight months after September 11 a cash-strapped USCG is having to cut back on ship security checks. First quarter sales plunge at Evergreen World's third largest line operator sees poor start to the year and says things could get worse. Maritrans' net income remains solid The positive trends are expected to continue for rest of 2002.