BRIEFS

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Shipping News

Moving a notch higher in the hub stakes
A GLOBAL integrated logistics hub - that's what Singapore has set for its next level of competence in the maritime and logistics industry.
Data of US-bound cargo may be required 24 hours in advance
Owners, officers of ship grounded on Aussie reef charged

Air and Land Transport

Korean Air bounces back with 166b won Q2 profit
KOREAN Air Lines Co Ltd posted unexpectedly strong profits for the second quarter yesterday, although a currency appreciation and lower fuel prices flattered the result, helping to reverse its loss of a year earlier.
SAS sees 2002 profit after strong Q2
Aeroflot expects profit to soar to US$80m
Premier says Taiwan airline should buy Boeing jets
More US airlines offer steep cuts in base business fares

web site

Shipping News

Moving a notch higher in the hub stakes
A GLOBAL integrated logistics hub - that's what Singapore has set for its next level of competence in the maritime and logistics industry.
Data of US-bound cargo may be required 24 hours in advance
Owners, officers of ship grounded on Aussie reef charged

Air and Land Transport

Korean Air bounces back with 166b won Q2 profit
KOREAN Air Lines Co Ltd posted unexpectedly strong profits for the second quarter yesterday, although a currency appreciation and lower fuel prices flattered the result, helping to reverse its loss of a year earlier.
SAS sees 2002 profit after strong Q2
Aeroflot expects profit to soar to US$80m
Premier says Taiwan airline should buy Boeing jets
More US airlines offer steep cuts in base business fares

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Cosco opens China's interior and port cargo link Shanghai port seeks interior cargo, looks to Wuhan China's Penavico attempts operations re-engineering Freight body offers rate hike, rejects surcharge for security Oakland port issues US$620 m bonds for port projects Kuehne & Nagel buys Dubai firm, seeks Central Asia market India refuses ship with stowaways: UK Club American, Finnair receive US anti-trust immunity UA launches package express, upgrades parallel service Freight body criticises IATA, challenges volume rate Increased cargo sales cushion Cathay revenue fall

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AUGUST 8, 2002
Doubling of Northern Europe containers Container transhipment in Northern European ports will increase by between 58 and 69 per cent by 2010. This will bring transhipment in that year to between 49.5 and 53 million Teu, British Ocean Shipping Consultants predicts. EC clearance for ferry consolidation P&O welcomed today's announcement by the European Commission that it has cleared the Group's proposed purchase of Stena Line's 40 per cent shareholding in P&O Stena Line. The transaction is expected to complete during the next week. Grand Alliance adds China ports The Grand Alliance carriers, Hapag-Lloyd, NYK Line, OOCL and P&O Nedlloyd, are introducing a new service covering Central and Northern China ports to and from U.S. PSW gateways. Profit for Air France Air France said in the first quarter of its 2002 fiscal year net profit was 195 million euro, down 27 per cent from a year earlier, but operating profit grew 36 per cent to 253 million euro US Customs wants manifests in advance U.S. Customs Commissioner Robert C. Bonner announced proposed regulations requiring sea carriers to provide cargo manifests 24 hours prior to the lading of cargo for shipment.

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NSDRC to reconstruct passenger ship Textile team led by Rana to explore African market Namibia seeks Indian help in rural projects MMTC to export 1.5 mt grains NM Port discharges record 1,282 t. MOP in a single shift NM Port Trust holds 1-day seminar at Hubli PPT shortlists 4 bids for coal handling plant Robust 15 pc rise in cargo handling at Paradip Port Mundra International Container Terminal coming up fast - Phase-I to be partially operational by Nov. & fully by March 2003 Concor starts work on 2nd warehouse at ICD-Nagpur - Major boon for central India exim trade Chennai trailer owners' strike averted NCAER survey shows 8.7 points gain in business confidence index Karnataka preparing draft export policy Chamber: Either scrap or ease hank yarn burden 'ICE Gate' at JNPT soon to minimise EDI breakdowns, says Customs chief

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AUGUST 8, 2002
US Gulf: Prices firmer on tighter fundamentals Daily Bunker market report from Praxis Energy Agents Istanbul: Fuel oil prices ease, MGO still at 6-month high Demand high in steady Gibraltar Distant resupply date may tighten avails in Tokyo Bay High viscosity fuel shortage in Gdansk Market softens in Italy Poland: PKN ORLEN merge with Ship-Service SA IPE Statement on the Brent Market An end to Hong Kong's tight IFOs in sight? More selling interest in Rotterdam Summer holidays bite into Piraeus' IFO380 avails Slow month-start in Montreal and Halifax Tight avails persist in New York and Philadelphia

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AUGUST 8, 2002
Safmarine restructures Indian Ocean Service Airbus and CAE join forces for high quality training services Frans Maas buys 20% stake in Estonian freight forwarder Higher road tolls in Eastern Europe European Commission approves ferry consolidation SITC Maritime (Group), Shandong, China, signs contracts with Maersk and Itochu Emirates introduces four new weekly services to Perth in Australia SIA now flies to Las Vegas three times a week New scheduled truck services between Spain and the Czech Republic UIRR demands that the EU approve the «Marco Polo» programme

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AUGUST 8, 2002
BC Ferries seeks international tenders for newbuild Canada's BC Ferries is issuing a Request for Expressions of Interest - both locally and internationally - for the construction of a new, intermediate-size ferry. Gulfmark gets Brazil contract Houston-based GulfMark Offshore Inc.has announced a contract with Enterprise Oil do Brasil Ltda., a subsidiary of the Royal Dutch/Shell Group. It will utilize a newbuild multi-purpose Multi Function Support Vessel (MFSV)

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AUGUST 8, 2002
Coast Guard commissioning new cutter based in Port Angeles Union Pacific hires Timera for eletronic payroll service Corps teams with Washington state to offer workshops covering permit changes Customs eyeing regulations requiring 24-hour notice for cargo manifests FESCO will offer Seattle customers added sailing to Russian Far East

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US tightens grip on box security IN a major new effort to tighten international maritime security, the US government announced plans to require ships bound for the US to provide cargo manifests 24 hours before a container is loaded in a foreign port. Cosco fired up for gas to Guangdong Cosco, the giant Chinese shipping group, has clinched a multi-million-dollar deal to ship LNG from Australia's North West Shelf to the vast $616m Guangdong terminal on mainland China. Indonesia holds ships over 'illegal dredging' SEVEN vessels, including the world's largest dredger, the Vasco de Gama, have been detained by the Indonesian navy for alleged illegal dredging of sand for reclamation projects in Singapore. Hyundai board signs off on $1.5bn sale HYUNDAI Merchant Marine's board yesterday rubber-stamped a $1.5bn deal to sell its car shipping unit to a con-sortium consisting of Wallenius-Wilhelmsen, Hyundai Motor and Kia Motors. 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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AUGUST 8, 2002
Customs strike hinders Brazil trade Port delay compensation claimed Casualties in Lanka dockyard fire Customs proposes new manifest rules Skaarup hits out over armed guards Nino under tow for Durban Coega contracts announced NW Shelf wins China LNG contract Good first half for Grindrod Murmansk plans bunker facility Vallarpadam may be renegotiated Szczecin workers in new protests Lukoil sale triggers controversy Hit-and-run coal carrier arrested CMA CGM upgrades RTW operations HAL faces lawsuit after illness Tax reform may pierce corporate veil

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AUGUST 8, 2002
Malaysia joins U.S. box initiative Malaysia, host to two key box hubs, is the latest country to sign on to the United States' Container Security Initiative to screen U.S.-bound cargo. Height now an issue for NY Harbor? After years of planning to accommodate the deeper draft of modern vessels, the Port of New York and New Jersey may have to look up after a containership was forced to detour around a low bridge. Hot July for rail intermodal Railroad carload traffic in the U.S. grew 2.5 percent and intermodal traffic jumped 8 percent over 2001. Security scare at Port of Miami TACA bunker charge unchanged GSP refunds coming EU approves P&O's Stena buy West India port marks box spurt GoReefers marks change, growth Quebec trucker sold Customs wants manifests 24-hours in advance First-half growth for Hamburg Grand Alliance adds China calls

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Zeebrugge: CTO obtient une partie de la concession ZBM Le conseil d’administration de la MBZ, la société qui gère le port de Zeebrugge, a finalement tranché: c’est au manutentionnaire CTO (Combined Terminal Operators) qu’a été attribuée une partie de la concession de l’ancien terminal vraquier de la ZBM, dans l’arrière-port de Zeebrugge. La partie en question a une superficie de 15,5 ha. A cela s’ajoute une option pour 20 ha de plus. CTO compte y réaliser un grand terminal pour voitures, mais aussi pour d’autres types de fret à manutentionner en transroulage. Hambourg échappe au ralentissement de la croissance Le port de Hambourg vient de clôturer un excellent semestre. Le transbordement total a progressé au cours des six premiers mois de l’année de 6% à 47,8 mio. de t. Le trafic containérisé a noté une expansion de 12,1% pour atteindre 2,53 millions de TEU. Le plus grand port allemand s’est donc mieux comporté que bon nombre de concurrents du nord-ouest de l’Europe. A titre de comparaison, Anvers a clôturé le premier semestre sur une baisse globale de 2,3%, mais a enregistré une croissance de 13,7% dans le secteur des containers (à 2,34 mio. de TEU). Hambourg espère franchir la barre des 5 mio. de TEU pour l’ensemble de l’année. Ford agrandit la famille Transit avec le Connect Après 35 ans et quatre générations, la famille Transit présente son premier bébé, qui a été baptisé Connect. Cette version plus petite du Transit se situe dans le segment des utilitaires légers et moyens. Il existe également une version passagers du nouveau modèle, qui a reçu le nom de Tourneo, mais celle-ci ne sera pas commercialisée en Belgique. DFDS Tor Line aligne un premier ropax sur la route Esbjerg/Harwich DFDS Tor Line mettra le premier de deux ropax acquis le mois dernier en service ce week-end. La filiale du groupe maritime danois DFDS a acquis ces unités chez le chantier polonais Stocznia Szczecinska, où les deux navires avaient été commandés par un autre armement. Il s’agit de navires d’une capacité de 2.200 mètres linéaires qui sont équipés de 77 cabines et atteignent une vitesse de 22 noeuds. Le second navire sera réceptionné en novembre. L’armement a également annoncé qu’il allait augmenter la capacité sur le service ShortBridge entre Immingham et Rotterdam et que son nouveau terminal à la Maasvlakte dans le port néerlandais sera opérationnel dès avril prochain.

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AUGUST 8, 2002
Strong outlook for CP Ships Equity analysts are betting on higher earnings recovery in 2004. US to upgrade marine infrastructure The Marine Transportation System council aims to help alleviate railway and highway congestion. Gulfmark orders new supply vessel Estaleiro Promar shipyard in Brazil will deliver the $24m vessel in third quarter of 2004. Torm and Norden meet Danish owners keep their counsel and opt for "radio silence" on merger talks. Holland America Line facing lawsuit Two Ryndam passengers allege lack of early warning on virus attack from the cruise line. US to tighten container security US Customs is seeking cargo manifests 24 hours prior to lading of cargo for shipment. Conflict in Israel limits Swedish Orient volumes Swedish line makes first half loss as major market affected by continuing trouble. US West coast port labour talks heat up Pacific Maritime Association is categorically denying ILWU's allegations. TEN income crumbles But US-stocklisted owner believes young fleet and charter deals cushion company from weak market. Seacor Smit's fleet size shrinks further Smaller fleet size and weaker demand trim the company's second quarter net income. China names LNG suppliers Four large LNG carriers needed to supply China's Guangdong and Fujian import projects. Cosco Investment eyes second Chinese yard Singapore owner could buy another ship repair facility next year, according to its vice president. P&O Stena split receives European blessing European Union approves deal to separate joint venture ferry partners. Grand Alliance hooks up Cosco slot deal Boxship players improve access to Chinese ports with new agreement. KTF rues old debts Provisions made ahead of privatisation plunges Lithuanian reefer owner into the red. Fednav-chartered bulker held Australian port state control inspectors detained nine ships during July. Carnival to take hit from cancellations Cancelled cruises at Holland America Line will drag down parent's result in third quarter. HMM board approves car carrier sale Korean owner wants to keep some cash to plough back into fleet renewal. Algoma edges ahead in first half Canadian tanker and bulker owner survives weaker second quarter to improve interim result. STX continues product tanker flood Korean yard inks contracts with two European owners for up to seven more newbuildings.