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Shipping News

NOL expected to post over US$100m H1 loss
FOLLOWING in the weary footsteps of its industry counterparts, Neptune Orient Lines is widely expected to post a staggering first-half loss on the back of flagging container freight rates and rampant industry overcapacity.
Shanghai hopes to be second largest port after Singapore
Talks resume to end US port stalemate
Nod for port, shipyard in central Vietnam
Pelepas plans to join US security network
Officer to be charged with failing to help persons in danger

Air and Land Transport

Union support needed for UAL to avoid bankruptcy
BANKRUPTCY might be a distinct possibility for United Airlines, but it is not inevitable, according to its new chief executive.
Pre-Sept 11 air traffic by end-2003
Air express firms, Thai Customs resolve fees issue
Swiss Int'l to post 339m francs H1 loss: report
Expansion focus is still China: Cathay Pacific
American, US Airways report drop in passenger traffic

web site

Shipping News

NOL expected to post over US$100m H1 loss
FOLLOWING in the weary footsteps of its industry counterparts, Neptune Orient Lines is widely expected to post a staggering first-half loss on the back of flagging container freight rates and rampant industry overcapacity.
Shanghai hopes to be second largest port after Singapore
Talks resume to end US port stalemate
Nod for port, shipyard in central Vietnam
Pelepas plans to join US security network
Officer to be charged with failing to help persons in danger

Air and Land Transport

Union support needed for UAL to avoid bankruptcy
BANKRUPTCY might be a distinct possibility for United Airlines, but it is not inevitable, according to its new chief executive.
Pre-Sept 11 air traffic by end-2003
Air express firms, Thai Customs resolve fees issue
Swiss Int'l to post 339m francs H1 loss: report
Expansion focus is still China: Cathay Pacific
American, US Airways report drop in passenger traffic

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ECM hit by S America crisis, posts half-year loss Le Havre's tonnage stagnate, but box cargo rises 14pc NOL's logistics unit names 7 in European expansion China's CNAC, with HK$1bn to spare, looks to expansion China Southern launches Shanghai / LA freighter service

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SEPTEMBER 5, 2002
Four day strike Air France pilots The unions of the 3,900 pilots at Air France have called an unexpected four-day strike threatening severe disruption to the operations of the French carrier from Friday to Monday. Boeing Launches New Manufacturing Venture Boeing announced that it is using specialized rapid, low-cost manufacturing capabilities to launch a new business called On Demand Manufacturing or ODM. China Southern cargo service tot LA China Southern Airlines will begin all-new, non-stop 747-400 cargo service between Los Angeles and Shanghai - with continuing service to Shenzhen, China - starting Saturday, September 14. Lower volumes CSX trains CSX Corp. said that weak coal demand from utility customers will adversely affect earnings for the third quarter ending September 27, 2002. New EU rules competitive distortions ports The European Commission has not in the past paid much attention to competitive distortions caused by the government funding of investment projects.

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Entry of Contship Aurora marks new dawn for shippers Surcharge on US box imports from Asia extended Hapag-Lloyd orders 4 mega containerships Jurong Port secures two liner services in bid to boost box traffic OTAL to move its port operations in Amsterdam Kuehne & Nagel gets China NVOCC licence Wan Hai, Trans-Pacific Lines in alliance talks IMO to make shipboard security officers mandatory APL takes up Hanjin slots, restores full service Safmarine freshens up reefer sector New Safmarine vessel enters US service Maersk Sealand to deploy the 6,600-TEU Columbine Maersk Moller, PSA eye Puerto Rico port project A.P. Moller's shipping operations doubles H1 profits MOL orders heavylift ships Rickmers names new MD ahead of Pearl String service rollout CP Ships strikes deal for purchase of 4 ice-strengthened vessels APL Logistics expands European management team Norasia deploys the Engaldina ECT Delta Terminal acquires 100th automatic stacking crane P&O Nedlloyd revamps South Africa/Asia service, cuts transit times MOL to use anti-corrosion steel "K" Line develops computerised stowage planner Chloramphenicol ban compels seafood exporters to adopt stricter quality standards KPT Board elects to develop box terminal on BOT basis New Mangalore Port registers 25 pc growth in traffic in April-Aug. Emirates SkyCargo reports steep increase in cargo traffic from India in April-July Traditional items haul up exports by 21 pc in April Govt imposes tariff value on crude soya oil imports Report on price stabilisation fund for commodities likely to be ready in October, says Rudy Finance Minister's Advisor heads 12-man task force on indirect taxes Rubber industry seeks open trade policy FDI panel in favour of single comprehensive law for SEZs Corporate India may lend a hand in setting up warehouses, showrooms overseas Silk exports to traditional markets may rise by 10 pc 'Seal of Cotton' to come to Indian markets Capexil opens N-E chapter at Guwahati Food ministry seeks 5 pc duty cut on pulses imports Winter cotton crop prospects brighten Apeda's Amsterdam centre helps boost cut-flower exports Exports of milk products shoot up to Rs 84 cr. in 2001-02 Way cleared for privatisation of 10 airports 13 countries sign up to take part in World FTZ Expo from September 30 to Oct. 2

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SEPTEMBER 5, 2002
ARA: Fuel oil moving East expected to tighten up avails Daily Bunker market report from Praxis Energy Agents Singapore on rangebound rollercoaster ride Suppliers offer different reports in Novorossiysk No fuel in Tenerife Fuel firms in Gibraltar due to avails Piraeus: Demand up as summer draws to a close Market softens in Istanbul All rise in Tokyo Bay First barge for Bulgarian supplier IPE makes changes to Brent Index Calculation US crude inventories critically low, product stocks healthy Rotterdam firms again All quiet on the Italian front USWC and Pacific Northwest markets - strike threat creates uncertainty International Petroleum Exchange Reports Best August Ever on Record

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SEPTEMBER 5, 2002
"K" Line Global Systems, Inc. set up in Richmond, VA Kay O'Neill appoints two Board Directors Barwil opens new office in Mariupol Swissair Group: All stakeholders approve Gate Gourmet sale Air Canada in the black Boeing sells more aircraft Evergreen awarded first ever Environmental Excellence award by Port of Los Angeles

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SEPTEMBER 5, 2002
Hamburg Sud joining carriers in new round-the-world service Federal agencies release latest waterborn trade stats World War II-era Coast Guard band holding reunion today in Seattle Customs adds sea cargo targeting to menu of new security programs APL opening own office based in Puerto Rico

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Galea the first of Shell LNG quartet This is the newly-named Galea , one of a four-strong order for Shell Gas & Power built by Mitsubishi Heavy Industries. The other three vessels are still under construction at the Japanese yard. Riley will lead Lloyd's in World Trade Center remembrance UP to 4,000 underwriters, brokers and staff at Lloyd's are planning to attend a ceremony in the underwriting room to mark the first anniversary of the September 11 atrocity, writes James Brewer. Debt and low rates scare off Frontline investors Frontline , the world's largest tanker operator, has seen more than 20% wiped off its market capitalisation this week as investors run scared of the company's highly-leveraged financial position. LNG specialists to reap rewards of PdVSA alliance with Petrobras SHIPYARDS and owners specialising in liquefied natural gas carriers will be among the likely winners if the proposed strategic alliance between Venezuela's PdVSA and Brazil's Petrobras goes ahead. Teekay arm Ugland Nordic wins two Transpetro 15-year suezmax charters Teekay subsidiary Ugland Nordic Shipping has secured long-term charters for two suezmax shuttle tankers from Petrobras Transporte (Transpetro), a wholly owned subsidiary of the Brazilian state oil group, Petrobras, writes Tony Gray. One year on The tragic events of September 11 2001 have cast a long, dark shadow over the lives and businesses of many in the past 12 months. To commemorate the first anniversary of the terror attacks on New York and Washington, Lloyd's List will be running a series of articles throughout next week from September 9 examining how our readers have been affected, and how they will continue to change in this new landscape.

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SEPTEMBER 5, 2002
PSA Corp rejects Tuticorin offer Trieste terminal workers to strike Support grows for Hong Kong bridge China seeks to defuse coal dispute Security fee campaign gathers pace Rotterdam goes on charm offensive Safmarine, Unicorn merger approved October launch for Kawasaki builder Crew 'breaches immigration law' Norsea returns to service Rokke slams Kv'rner's top brass Vancouver strike benefits Rupert 'Muddleheaded' Bermuda criticised Filipino crew deployment rises Chung to make candidacy official Korea to slash transhipment charges Port majors in race for Puerto Rico

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Australie/Nouvelle-Zélande: Hamburg Süd s’engage dans les services tour-du-monde Il en était question depuis plusieurs semaines. C’est maintenant officiel: Hamburg Süd a signé avec les armements CMA CGM/Marfret, P&ONL et Contship un accord de coopération qui lui assure une participation aux deux nouveaux services tour-du-monde axés sur la desserte de l’Australie et de la Nouvelle-Zélande. Leur démarrage est prévu en novembre. Jan Pellens (AGHA): “Nous sommes voués à coopérer avec les douanes US” “La Belgique a signé un protocole d’accord avec les douanes américaines dans le cadre du programme CSI (Container Security Initiative). Nous espérons maintenant que les autorités politiques et douanières signeront rapidement un accord définitif. Des douaniers américains sont déjà opérationnels à Rotterdam, mais on les attend toujours à Anvers.” C’est ce que nous a déclaré Jan Pellens, le président de l’AGHA, l’organisation-coupole du secteur portuaire privé anversois, lors d’un tour d’horizon axé sur les principaux sujets qui préoccupent la communauté maritime et portuaire anversoise au moment de la rentrée. DAF modernise sa série 95 Après avoir modernisé ses véhicules dans les segments léger et moyen, le constructeur néerlandais DAF estimait qu’il était grand temps de s’attaquer à la gamme lourde. Mais au lieu de lancer un nouveau modèle sur le marché, la marque a préféré procéder à un rajeunissement de son 95XF. Il est encore trop tôt pour mettre sur le marché un tout nouveau tracteur, estime-t-on chez DAF. SNCF et DB veulent améliorer les liaisons de fret entre les deux pays Hartmut Mehdorn, président de Deutsche Bahn, et son collègue français de la SNCF, Louis Gallois, ont déclaré au cours d’une cérémonie officielle à l’occasion d’un voyage symbolique sur le nouveau tracé ferroviaire pour trains de marchandises entre les terminaux de Metz-Woippy et Mannheim que les deux réseaux avaient pu être mieux harmonisés et les échanges de fret entre l’Allemagne et la France optimisés grâce à la nomination d’un médiateur, selon Les Echos.

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SEPTEMBER 5, 2002
Container security fee plan faces uphill battle The US security fee proposal is viewed as tax and not user fee. Lakers maintain utilisation rate Demand for Great Lakes bulkers stabilises in September after slow start. UN unsatisfied with Liberian audit report The UN committee council is to decide on sanction renewal by 7 November. Eimskip raided by regulators Icelandic owner denies charges of abusing dominant market position made by rival Samskip. Knives are out for NOL Analysts turn more pessimistic as Neptune Orient Lines gets ready to issue financial results Friday. Sado Steamship cuts losses Japanese ferry owner remains in the red during first half. US "unlikely" to challenge cruise tie-ups Antitrust enforcers look set to clear Carnival and Royal Caribbean's rival plans for UK's P&O Princess. Aboitiz to buy out remaining WG&A investors First family of Philippine ferry owner to complete takeover. Australian inspectors home in on STCW compliance Port state control inspectors clamp down on manning certificates detaining 18 ships during August. Profit warning from Viking Line Summer traffic boosts Finnish ferry owner, but profits still down on last year. Teekay confirms suezmax charters US-listed owner finally speaks out on its two vessel bareboat deal with Petrobras. Hong Kong holds Wan Hai boxship The Taiwanese owner has fallen foul of port state control officials for a second consecutive month.