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Shipping News

Most S'pore-flagged ships meet ISM July 1 deadline
ALMOST all of Singapore's locally registered fleet met the July 1 deadline to comply with the International Safety Management Code, as the industry braces for the inevitable addition of security requirements.
Sydney ports' box handling soars to record volume
Rescue underway for holed UK warship off Aussie coast
One dead, one missing in ship fire off Japan

Air and Land Transport

Shares of Asian carriers seen holding on to gains
CATHAY Pacific Airways and other Asian carriers, whose shares outperformed airlines in Europe and the US this year, may hold on to gains as demand in China and from computer parts makers fills seats and cargo space.
Russian airline blames Skyguide for crash
Aussie govt may ease Qantas ownership rules
Dragonair's Taipei flights put pressure on Cathay
KLM to cut European fares up to 40% from next week

Features

Major airlines take a risk with huge fare cuts
BRITISH Airways and other European airlines are taking a gamble in their competition with low- cost carriers, slashing short-haul fares as much as 80 per cent and risking profits to regain market share.

web site

Shipping News

Most S'pore-flagged ships meet ISM July 1 deadline
ALMOST all of Singapore's locally registered fleet met the July 1 deadline to comply with the International Safety Management Code, as the industry braces for the inevitable addition of security requirements.
Sydney ports' box handling soars to record volume
Rescue underway for holed UK warship off Aussie coast
One dead, one missing in ship fire off Japan

Air and Land Transport

Shares of Asian carriers seen holding on to gains
CATHAY Pacific Airways and other Asian carriers, whose shares outperformed airlines in Europe and the US this year, may hold on to gains as demand in China and from computer parts makers fills seats and cargo space.
Russian airline blames Skyguide for crash
Aussie govt may ease Qantas ownership rules
Dragonair's Taipei flights put pressure on Cathay
KLM to cut European fares up to 40% from next week

Features

Major airlines take a risk with huge fare cuts
BRITISH Airways and other European airlines are taking a gamble in their competition with low- cost carriers, slashing short-haul fares as much as 80 per cent and risking profits to regain market share.

web site

Shipping News

Most S'pore-flagged ships meet ISM July 1 deadline
ALMOST all of Singapore's locally registered fleet met the July 1 deadline to comply with the International Safety Management Code, as the industry braces for the inevitable addition of security requirements.
Sydney ports' box handling soars to record volume
Rescue underway for holed UK warship off Aussie coast
One dead, one missing in ship fire off Japan

Air and Land Transport

Shares of Asian carriers seen holding on to gains
CATHAY Pacific Airways and other Asian carriers, whose shares outperformed airlines in Europe and the US this year, may hold on to gains as demand in China and from computer parts makers fills seats and cargo space.
Russian airline blames Skyguide for crash
Aussie govt may ease Qantas ownership rules
Dragonair's Taipei flights put pressure on Cathay
KLM to cut European fares up to 40% from next week

Features

Major airlines take a risk with huge fare cuts
BRITISH Airways and other European airlines are taking a gamble in their competition with low- cost carriers, slashing short-haul fares as much as 80 per cent and risking profits to regain market share.

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GPA tonnage up in May Davies Turner sees Iranian freight looking up after 30 Japan Airlines Cargo joins WOW Continental discontinues discussions with US Airways Delta sees June traffic dip

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JULY 8, 2002
European ports pleased with EU-measures In separate statements, the Federation of European Private Port Operators (Feport) and the European Sea Ports Organisation (Espo) both responded positively to the recent EU Port Package. Maersk Logistics expands in China Maersk Logistics China has obtained five additional operating Branch Licenses in China covering Dalian, Nanjing, Ningbo, Chongqing and Chengdu. Portinfolink established in port of Rotterdam Rotterdam Municipal Port Management (RMPM) has founded a new company, Portinfolink, in consultation with port businesses and the Customs Service. Deutsche Post in Dutch postal market Deutsche Post World Net is to sign a joint venture for addressed mail with the Dutch group Wegener NV and is to invest in one of Wegener's companies in the area of unaddressed mail. JAL joins WOW cargo alliance Japan Airlines is to join WOW, the world's largest airfreight alliance that includes Lufthansa of Germany, which will lift WOW's market share 13 to 17 per cent, overtaking Sky Team Cargo of Air France, Delta, and Korean Air.

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Consortium signs $ 285-m loan pact for Petronet LNG Safmarine restructures Indian Ocean service (IOX) Damani Shipping sets fastest steel loading record at Mumbai Port India keen to increase trade with Ethiopia Major Ports post robust growth in 90s: Pinto Establishment of 5 new railway zones announced Export growth dropped to 3.9% in May 2002 Food Ministry exuberant about exporting 100 lakh tonnes of foodgrains in 2002-03 AEPC sets $ 6 bn garment export target for 2002-03 Rana: Textile export target achievable Improvement in offtake of export credit during April-May 2002 Forex reserves near $ 58-bn mark Centre hikes minimum price of basmati rice to ensure quality of exports Import of duty-free inputs, new trading units in EPZs banned Govt spells out terms for import duty exemption under advance licence Foreign Trade Analysis: Current Policy & Procedures Top political leaders, India Inc grieve at Dhirubhai Ambani's passing away - 'Everlasting icon of self-made triumph'

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JULY 8, 2002
TWI (c) report from Viswa Lab now available on Bunkerworld.com Oil prices fall on profit taking and no news Brazilian bunker rise across the board Medstone announces new supply ports in Algeria Rotterdam midday market report from Marine Bunkering Australia: IBS completes takeover of BHP's Gladstone bunker business Chemoil builds up team, on target to launch Istanbul supply operation

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JULY 8, 2002
Ecu-Line opens an office in Casablanca Canadian Pacific Railway Co. grants trackage rights to Norfolk Southern Swaziland Railways behind schedule 200 Scania trucks for Raiba Trans (Sudan) TACA to introduce general tariff increase programme on westbound routes as from October 1 Europe West Africa Trade Agreement (EWATA): Nigerian Ports - Southbound Congestion Surcharge "K" Line: capesize bulk carrier for Kawasaki Steel completed DPWN increases its stake in DHL M+R Spedag partners Merzario EU competition regulator approves TNT Logistics' acquisition plan

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JULY 8, 2002
Double float out at Kvaerner Warnow Werft Germany's Kvaerner Warnow Werft (KWW) last Friday floated two vessels from its building dock simultaneously.

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JULY 8, 2002
Container ship makes mark as largest vessel to call in Everett Bellingham's Bellwether facility will house own Customs office National Port association hosting property & pricing seminar in Seattle Port of Tacoma earns vocational excellence award Consolidated Freightways shaking up makeup of executive structure

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JULY 8, 2002
Transit Procedures Worry TTCA Dock Workers Warn KPA on Privatisation 'Shipowners Putting Profits Above Safety'

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Royal Caribbean puts ship options on hold ROYAL Caribbean has postponed options for two Radiance class cruiseships worth $800m at Meyer Werft, ostensibly to await clarity on its proposed merger with P&O Princess. Thousands of jobs at risk as Babcock Borsig rescue talks fail LAST ditch talks with banks to save century-old engineering group Babcock Borsig failed to rescue the firm from insolvency yesterday, officials said, endangering thousands of jobs ahead of federal elections in Germany. Exmar dismisses Libya allegation Shipping giant Exmar of Belgium yesterday dismissed as "fog and falsehood" allegations levelled over the weekend by online LNG trader Eco-Tankship that it had flaunted the US trade embargo in Libya, writes Jerry Frank. Lloyd's List Focus- Maritime security under the spotlight LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.

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JULY 8, 2002
Navicon signs bareboat deal Ship price expected to rise Keppel Smit gets Brunei contract Thailand wants Ellicott to pay $46M Southern African aid starts to roll Santos busier than ever Basques hope to bring ports home Seafarers killed in Caspian blast ICTSI has great hopes for Suape Carnival talks hit major obstacle TACA to lift westbound rates Seafarer killed in bulker fire P&O Ports surprised by royalty move Pakistan pushes inland MOUs stand firm on STCW95 Bomb scare at Durban box terminal Russians give way in Kaliningrad Reliance chairman dies Genoa terminal tax covers G8 loss Log puts fast cat out of action Compressed gas carrier underway India opens most modern oil jetty Ghent makes new lock a priority Korea, EU to focus on ship price

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JULY 8, 2002
Maersk Sealand quits WTSA In an indication of just how weak the trade is between the U.S. and Asia, the world's largest carrier pulls out of the liner discussion agreement. Deutsche Post lifts DHL stake The German mail and logistics giant underscored its global ambitions by acquiring Lufthansa's 25 percent stake in DHL International. JAL Cargo joins air cargo alliance Japan Airlines Cargo has joined WOW, the global air freight alliance that includes Lufthansa Cargo, SAS Cargo and Singapore Airlines. CMA CGM adds Port Everglades service Lufthansa's Latin HQ to Brazil Truck tonnage up in May Brooklyn terminal cuts cocoa charge Credit Suisse starts Pacer at "strong buy" Suape terminal signs new lines Israel to sell El Al Schenker opens Poland hub P&O, Stena Line part ways Volga Dnepr signs for aircraft loan

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Molenbergnatie va développe à l’échelle mondiale ses prestations de services logistiques Molenbergnatie, un spécialiste anversois du traitement du café et du cacao, va procéder à une nouvelle phase d’expansion. Le manutentionnaire va investir 5,5 mio. d’EUR dans des installations pour vracs et se construit en outre un empire en tant que spécialiste du café et du cacao en Europe et en Asie. Ces investissements semblent arriver au moment propice, car les prix peu élevés du café font en sorte que jamais autant de café n’a été entreposé à Anvers, et que la cité scaldienne sera reconnue comme port d’entreposage d’arabica par le marché à terme de New York dès la fin de l’année. Pays-Bas: le monde du transport se félicite de l’accord de gouvernement Si le nouveau cabinet néerlandais devra surtout économiser dans les années à venir, l’accord de gouvernement inspire néanmoins l’optimisme au secteur du transport. La nouvelle coalition constituée des démocrates chrétiens du CDA, du nouveau parti conservateur Lijst Pim Fortuin (LPF) et des libéraux du VVD estime que l’accessibilité est primordiale pour la future croissance économique et a d’ores et déjà annoncé qu’elle adopterait une loi d’urgence, que l’aéroport de Schiphol serait coté en bourse à hauteur de 49% et que la taxe kilométrique est provisoirement reportée. Huktra obtient le certificat de qualité GMP pour le secteur de l’alimentation pour animaux Le groupe belge Huktra, dont le siège est situé à Zeebrugge, vient d’obtenir le certificat GMP (Good Manufacturing/Managing Practices). Il s’agit d’un régime de normes pour le commerce, la production et le transport d’aliments composés, de fourrages et de mélanges destinés au secteur des aliments pour animaux. Selon un communiqué, l’entreprise est la première du secteur intermodal européen des containers-citernes à obtenir le certificat. Frans Maas étend son réseau à la Russie Le groupe de transport international et de logistique néerlandais Frans Maas (Venlo) a acquis le 1er juillet dernier une participation de 20% dans la société russe MBB Trans OOO. L’accord prévoit qu’il a une option lui permettant d’accroître cette participation dans le futur. Jusqu’alors, Frans Maas opérait sur le Russie via un représentant.

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JULY 8, 2002
Nordic American sees slim pickings Suezmax tanker charters pull in floor rates but levels look good in current market. Polish yard chiefs held Five former Stocznia Szczecinska officials held as police investigate irregularities. Evergreen eyes reinsurance Top liner shipping group cited as likely bidder for privatised Taiwan reinsurer. Aktau Shipping wants panamax tankers Kazakhstan and Greek joint venture in the hunt for nearly-new ships for Black Sea market. Indonesian box tariffs heading for rise Government to impose average 15% handling hike at most major ports. Skaugen interim profits rise Norwegian owner I M Skaugen logs lower second quarter but half yearly total is up. Indian coastguard boards abandoned cargoship AK 47 rifles found on unmanned vessel off west coast. Row disrupts ship sale SeaEscape starts proceedings over troubled plan to buy old cruise ship. Australian ships lose out on cargoes Statistics show more Australia coastal cargoes are being moved on foreign-flagged ships. Numbers up at Saaremaa Estonian ferry line posts higher passenger figures in first half. Safmarine teams with Maersk to cut back AP Moller container lines rationalise routes between India, Middle East and Africa. Lester takes up the reigns at Vospers Monday marks first day in the office for new CEO of UK shipbuilder and equipment firm. Turks end Greenpeace Bosporus protest Metrostar's tanker Crude Dio has continued on its way after authorities remove activists. Aussies pull in top name owners Detentions in June read like a who's who of shipping: Stelmar, Livanos, MISC, Chartworld... Ex-Sasebo boss stays mum over allegations Chief suspect in alleged subsidy swindle has refused to discuss the case with prosecutors. Teekay maintains dividend policy Aframax tanker giant sticks with quarterly dividend of last five years despite poor market. Hong Kong makes solitary detention Only one ship fell foul of port state control inspectors last month. Petrogal to take Sacor Maritima private Portuguese refiner launches bid to acquire outstanding stake in gas and tanker owner.