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Shipping News

PSA's takeover of Belgian terminals will save jobs
PSA Corporation's acquisition of a majority stake in Belgium's terminals has been welcomed by a leading unionist and environmentalist, who says the investment and expertise will save jobs and possibly even important nature reserves.
Danzas seeks growth in intra-Asian trade
Dredger slams into Shell Bukom wharf after engine fails
MPA launches mobile phone, pager alerts
Coast Guard to trim sea marshal force

Air and Land Transport

Qantas sued after complaint by Virgin Blue
QANTAS Airways, which has 85 per cent of Australia's airline market, is being sued by the antitrust regulator after Virgin Blue Airlines accused it of unfairly trying to drive rivals out of business on a local route.
US airlines oppose Congress move to raise security fees
Armed man bypasses airport checkpoint
UK air traffic control to get 100m funding
Skymark Airlines to go international
Log Book

web site

Shipping News

PSA's takeover of Belgian terminals will save jobs
PSA Corporation's acquisition of a majority stake in Belgium's terminals has been welcomed by a leading unionist and environmentalist, who says the investment and expertise will save jobs and possibly even important nature reserves.
Danzas seeks growth in intra-Asian trade
Dredger slams into Shell Bukom wharf after engine fails
MPA launches mobile phone, pager alerts
Coast Guard to trim sea marshal force

Air and Land Transport

Qantas sued after complaint by Virgin Blue
QANTAS Airways, which has 85 per cent of Australia's airline market, is being sued by the antitrust regulator after Virgin Blue Airlines accused it of unfairly trying to drive rivals out of business on a local route.
US airlines oppose Congress move to raise security fees
Armed man bypasses airport checkpoint
UK air traffic control to get 100m funding
Skymark Airlines to go international
Log Book

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Cosco Group reshuffles ship services business Evergreen gets Oakland rights EC says Korean yards still unfair Savi sets up Singapore R&D centre HMM to launch new Asian route FAA to distribute aircraft security upgrade funds Mexicana renews fleet, launches new routes Wong named MD at Martinair

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MAY 7, 2002
FedEx want more UK rights FedEx appealed to the British government for special rights to pick up air cargo in the United Kingdom, Financial Times reported. Airmiles second currency airlines Air Miles currently in circulation are said to be worth $500 billion - making them the second biggest "currency" after the dollar, Economist calculated. Huge automation Hamburg transhipment There is increasing excitement at Hamburg's brand new Altenwerder container terminal (CTA). ITF glad with UN decision on Liberia "The clock must be ticking for the Liberian register, and it should have had its last chance." Eurotunnel need more time Eurotunnel, the company that operates the rail tunnel between England and France, extended by 17 days to May 24 the timetable for its debt refinancing proposals.

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CMA-CGM registers 11 pc increase in revenue for 2001 - Volumes spurt by 17 pc Evergreen appoints 3 new South American agents P&O ports' container volumes in Q1 up by 13 pc CargoSmart receives award Evergreen launches Ever Power, latest in series of P-type vessels Transhipping at Korean ports rising steadily HubLine makes more sailings, port calls Panalpina profits surge in 2001 Asian terminals to handle more than half of global container trade Indonesia to convert 3 Batam ports into transhipment hubs MSC restructures transpacific service MISC seeks to move into VLCC market Durban to host global shipping expo next year OTAL never 'tyres' of shipping goods to West Africa A P Moller to divest two business units Russian ports get set to handle higher box volumes ANL Container Line enters Asia-Europe trade Kühne & Nagel net profit up by 22.5 pc Cape Town to host world Harbour masters' meeting Shanghai building deep-water harbour FEFC to restore rates Port Klang ties with Mina Zayed TNWA to quit Rotterdam port New service centres at Port Klang Dumping duty on Vit A imports mooted Indonesia buys 20,000 tonnes of Indian rice SAIF-Zone holds out several sops for Indian investors New Mangalore Port posts 104 pc growth in container traffic Vizag, Kandla Ports top in cargo handling Cochin Port receives first LCL cargo from Coimbatore - Jacob Thomas inaugurates Concor LCL Hub Point 'Logistics Post' is Postal Dept's next aim Subsidies, high tariffs hampering investments in India, says US trade official SAD slapped on DEPB - Letter To The Editor Cars, mobikes to drive up auto sector's growth Move to export garments made of Chinese fabrics! Sinha to convene state FMs meet: Budget passed $ 315-m WB loan for Kerala, Mizoram road projects Alpha Kreol to run duty-free shop at Cochin airport Tea exports up Exclusive grape AEZ to be formed in AP Leading export house eyes Mozambique Expert to guide Kerala in development of AEZs Shankar Acharya quits as Chief Economic Adviser Normal monsoon forecast Next CII Summit

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MAY 7, 2002
Improved avails reported in Argentina Chile market report from El Paso/Coastal and PMC Bunker prices from Russian ports US crude oil stocks expected to fall, WTI price holds steady ExxonMobil launches bunker quality guarantee Kittiwake introduces the portable "Cloud Point Detector" Brazil bunker prices down today Iraqi export resumption spells hope for more tanker fixtures Crude price down as Iraq says exports will resume Rotterdam market report from Marine Bunkering

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MAY 7, 2002
Giraud International goes to Spain Sertrans opens new hub VTG Lehnkering AG: Higher profit and stable sales Menzies World Cargo (MWC) acquires Wyng Group and gains Emirates Skycargo handling contract Jardine Logistics opens a new office in Atlanta Stonier Transportation Group adds U.S. West Coast to its intermodal initiative Georgia Ports Authority implements WebAccess

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MAY 7, 2002
Austal to build two cats for Norway Austal Limited has won a contract for two 41.5 m passenger/cargo catamarans for ferry operator, Ofotens og Vesteraalens Dampskibsselskad ASA French OSV owner extends deepwater reach France's Groupe Bourbon, whose subsidiaries include leading French OSV operator SURF, is extending its capabilities in the deepwater offshore services market. Delta Queen goes to hospitality company A privately held hospitality, retail and food services provider with annual sales of $1.6 billion, was the successful bidder for the assets and business of the Delta Queen Steamboat Company, Ferry giant increases holdings James Sherwood's Sea Containers Ltd., whose U.S. units include the SeaStreak ferry operation in New York, is on the expansion trail in Europe. Germany gets approval for seafarer training subsidy The European Commission gave the go-ahead today to a German aid scheme aimed at reducing the cost of training seafarers. Exxonmobil offers bunker guarantee Exxonmobil Marine Fuels (EMMF) has introduced a product quality guarantee. It covers all bunkers supplied direct to clients.

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LNG Yard blocked by Brussels German chancellor Gerhard Schröder and his wife Doris Schröder-Köpf talk to cruiseship master Volker Zausch at the naming ceremony of Seetours' new cruiseship Aidavita. LNG yard aid blocked by Brussels ATTEMPTS by France to widen European Union shipbuilding subsidies to include liquefied natural gas carriers were rejected yesterday by the European Commission, dampening hopes of a breakthrough in the deadlock over EU policy towards South Korea. Tanjung Pelepas building new berths to lure major customer MALAYSIA'S rapidly growing Port of Tanjung Pelepas plans to start construction of its M$1.2bn (US$315m) phase II next month so it can be ready for another big customer by the end of 2003. Kopernicki to head Ocimf after Thouilin tainted by Erika The Oil Companies International Marine Forum has quietly dropped the nomination of TotalElfFina's Bertrand Thouilin as its new chairman due to embarrassment over the charges he faces following the Erika tanker accident .

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MAY 7, 2002
LISCR funds: A clarification Weather thwarts Danube maidens OSG first quarter profit slumps Strike threat hits JNPT port plans Auditing Liberia is delicate issue China sends water to Taiwan Unicorn quashes Moller rumours MPA launches m-commerce Dredger damages Shell oil berth Title XI pay-out approved in US No charges after Curnow probe Bergesen, Sonatrach in LNG deal CSL Yarra is reflagged Koreans 'disappointed' by Europe JNP looks at third box terminal 'Coastal metro' project forges ahead Paris backs Marseilles yard plan Hyundai Motors in car carrier talks Unitor manager faces arrest India plans new port tariff scheme Colombo workers offered new VRS Hull insurance rises for Indians US collects $500,000 as fines US port labour talks postponed Efforts to save ferry fail Arms shipments being investigated

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MAY 7, 2002
Recovery slow for Trans-Atlantic air Expectations for an eastbound revival during the second quarter have failed to materialize, a Lutfhansa executive said. Panalpina mulls stock offering The company may sell shares to help manage its recent growth. OOCL optimistic on cargo jump Hong Kong's leading carrier said shipments between China and Europe are up through the early part of the year, although concerns remain about excess tonnage and box imbalances. U.S.-Puerto Rico rates could rise Drug traffic holding up Mexico trade: Bonner Evergreen opens Oakland hub Tankers get Iraq boost Net gain for Pacer U.S., Canada to approve border plan IATA see 2.7% air cargo growth CNS: Calls for cargo security tax CNS: Cargo more important than ever, says AA's Carty CNS: High inventories threaten recovery West Coast contract talks rescheduled

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MAY 7, 2002
OMI posts sharp income decline The tanker owner's first quarter net income fell 98.7% from a year ago to $377,000. New player takes over AMCV ships Delaware North Companies beats out at least three other bidders in ship auction. Seacor Smit shares get rating boost Lehman Brothers expects the Houston-based firm to increase earnings over next two to three years. Frontline leaving Tankers International Overseas Shipholding Group remains committed to the VLCC pool, hoping for rate rebound later this year. Hitachi Zosen's ratings under review Moody's may downgrade the Japanese shipbuilder's debt ratings. Weak VLCC rates hurt OSG's earnings The New York-based tanker owner's first quarter net income fell by 98.16% from a year ago. Belships sinks into the red Norwegian owner blames weak market for sinking returns in all sectors. Silja lines up for Trasmediterranea Growing shareholder Sea Containers talks up fortunes for Finnish ro-ro owner. Srab sails into the black Swedish tanker owner achieves 17% net margin from increased first quarter revenues. Fred Olsen group suffers Holding companies Ganger Rolf and Bonheur's results reflect poor first quarter at Fred Olsen Energy. Exchange gains paper over cracks at Loki Norwegian owner benefited from weaker US dollar in first quarter, but operating losses remained substantial. Farstad counts its cash Norwegian offshore owner watched profits soar in the first quarter. Renaissance financing drags down Alstom French shipbuilder sinks to first loss in seven years as slower sales and US cruiseship troubles bite. Bergesen confirms Sonatrach LNG deal Norwegian owner ties up only unfixed gas carrier newbuilding on Algerian charter. Navion profit plummets Norwegian owner looks to suezmax business as weak rates hit returns. OVDS orders at Austal Norwegian ferry owner picks Australian yard for two passenger catamarans.