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Shipping News

Evergreen shift may be reason behind IPO delay
THERE may be more behind Temasek Holdings' announcement that it will not make a public offer of PSA Corporation's shares 'in the immediate future', than simply keeping investors informed, say analysts.
PSA Corp looking at new transportation security software
Pirate attacks jumped 28% in first quarter

Air and Land Transport

US legislators seek to scrap plans for security fee hike
HOUSE Republican leaders said they want to scrap plans to double US airline security fees, cancel carrier aid and end loan guarantees because of opposition from the committee that oversees transportation issues.
European air fares up only 0.4% in last quarter
Weak signal picked up from black box of plane
Cathay to hire 1,300 new staff
Airbus planning secret cameras to spot hijackers
Sofia Airport sets Aug deadline for terminal deal
India to give 3 Airbuses to Afghan airline

web site

Shipping News

Evergreen shift may be reason behind IPO delay
THERE may be more behind Temasek Holdings' announcement that it will not make a public offer of PSA Corporation's shares 'in the immediate future', than simply keeping investors informed, say analysts.
PSA Corp looking at new transportation security software
Pirate attacks jumped 28% in first quarter

Air and Land Transport

US legislators seek to scrap plans for security fee hike
HOUSE Republican leaders said they want to scrap plans to double US airline security fees, cancel carrier aid and end loan guarantees because of opposition from the committee that oversees transportation issues.
European air fares up only 0.4% in last quarter
Weak signal picked up from black box of plane
Cathay to hire 1,300 new staff
Airbus planning secret cameras to spot hijackers
Sofia Airport sets Aug deadline for terminal deal
India to give 3 Airbuses to Afghan airline

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Bhel allies with German firm Fresh wheat stocks to be allowed for export New MoP discharge rate record at JN Port Exceptionally high handling rate set at MbPT PM to meet port union leaders on May 13: Privatisation issue 1st import container cleared at ICD-Bhusawal ICD at Sheetalpur in Bihar to be opened Exim Bank-ECGC-exporters' alliance to boost trade with LAC mooted Local drug Firms, MNCs differ on amendments to Patents Bill Exporters urged to team up to promote Indian brand of coir Bangalore airport project gets take-off signal 7 areas for India, Mexican link-ups listed Ficci survey sights recovery round the corner Rana informs Elders of steps taken to boost cotton yarn exports Minister promises to interact closely with BCC&I Gist of public notices/circulars/notifications 3-day India Knit Fair at Tirupur next week Sinha to attend 35th ADB AGM in Shanghai

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MAY 9, 2002
Steady prices and low demand in Halifax and Montreal Panama avails seen normal despite ongoing refinery strike Big spreads reported as US Gulf resupply cost climbs Limited avails in New York, Philadelphia a bit better Run of tanker fixtures reported out of Iraq US: Panamax tanker's fuel oil cargo safe after collision yesterday Tight product avails in Genoa and Augusta Korean bunker prices inch higher in quiet market Steady market amid tight avails in Gibraltar Some tight IFO's in Istanbul Slow demand in Piraeus Singapore bunker market: Tight barges after suspensions, product tighter too Quiet market in amid firm prices Japan Firming market in Hong Kong and Taiwan

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MAY 9, 2002
Columbia River emergency drill scheduled for next Wednesday The New World Alliance adds new Transpacific service Corps announces lockage schedule for recreational vessels on Columbia River Port of Portland offers land to city for next phase of sewer overflow project Port of Olympia ready for annual BoatSwap & Chowder Challenge

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Bari scommette sulle crociere Previsto un aumento del 40% degli arrivi rispetto al 2001 - Brindisi prepara cinque nuovi ormeggi turistici Genova in corsa per l'Agenzia Ue

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Pressure mounts on France to tackle freight refugee crisis FRANCE'S new-look cabinet, meeting today, faces growing political pres- sure from Britain to resolve the prob-lem of illegal immigrants boarding freight trains at Calais, writes Roger Hailey. Seafarer rights threat to flags HARDLINE International Labour Organisation controls on employment standards at sea could force some flags out of business after a breakthrough 10-point plan reached at the United Nations agency's headquarters in Geneva yesterday. Malta completes Kristal tragedy probe MORE than 14 months after the tanker Kristal broke in two with the loss of 11 lives, the Malta Maritime Authority has finished its investigation into the tragedy and sent copies of its draft report to "interested parties". Sonatrach LNG shipping growth sees Japanese debut in Algeria ITOCHU Corp and MOL are to form a joint venture with Sonatrach of Algeria to order and operate a 145,000 cu m LNG carrier. 'Extreme sports' ship masters under attack MACHO masters deliberately seek out death trap ships because they get a kick out of risking their lives, the head of a flag of convenience has charged, writes David Osler .

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MAY 9, 2002
Korea, Thailand in maritime pact Panama port dispute resolved Have your say! Cruise lines seek Brazilian U-turn US grain subsidy starts uproar Louis/Thomson charters HAL returnee Interest shown in Nigerian reform New Busan berths operational Seafarers hit by pensions fraud Lines link for East Africa service PSA Corp adds Belgian volumes Cepsa denies bunker claims Algerian gas attracts Japanese Lauritzen Kosan links with Exmar Australian policy under fire Thoresen to take over Sharjah ports House urges sale of AMCV ships Bid to cut US steel tariffs fail Minister to discuss Yarra impasse Panama orders arrest of 'arms' ship

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MAY 9, 2002
Tanjung Pelepas plots expansion The Malaysian port plans to add 1 million TEUs of capacity by the end of 2003 while it aggressively woos more carriers. Weblog: European airlines see recovery continue Kaohsiung readies sixth box terminal After a long delay, Taiwan's main port plans to boost its capacity and competitiveness. Lines form Asia-East Africa service The joint venture by P&O Nedlloyd, MOL and Delmas raises the service bar. Zim enters trans-Atlantic market House panel OKs $1.2B for Amtrak BNSF, Ferromex offer El Paso carload service MOL in Algeria LNG venture Algoma Central rebounds on tanker, bulk fleet Britain halts Consignia foreign plans Maersk Logistics offers drayage tracking Savi Technology launches Singapore center USCO wins Pioneer contract CaroTrans adds Brazil call BIFA schedules N.Y. forum

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MAY 9, 2002
Strintzis sells bonds to Attica Greek ferry owner is raising EUR 30m thanks to backing from major shareholder. Iraq turns the taps on VLCC line up for Mina al-Bakr berths as rates strengthen firm and tonnage tightens. CSDC to launch vital share issue China Shipping Development Co races against clock to raise cash to pay for 24 tankers. MOL and Itochu bag Sonatrach LNG ship Algerian giant lines up second gas carrier newbuilding with Japanese partner. Thailand in new Kra canal study World's longest running waterway saga is given a new lease of life. Mariner sold at high price Coulouthros VLCC auctioned off to financiers in Guangzhou today. Owners pay US penalties Hanjin shells out $280,000 to settle rate cutting row with FMC. Algoma edges into the black Canadian tanker and bulker owner made the most of a traditionally weak quarter. Frontline to stay in suezmax pool Top tanker owner to stick with Alliance Chartering despite withdrawal from VLCC pool. Frontline tanker in trouble Laden VLCC Front Tobago left without main engine power for six days. Louis Cruises charters Nieuw Amsterdam Carnival-controlled vessel to be subchartered to UK's Thomson Holidays. Grupo TMM hits the right note Mexican tanker owner concludes deal to issue up to $65m of securities. Star pulls SuperStar Gemini from Singapore Malaysian cruise giant offers customer upgrade to SuperStar Virgo after mysterious redeployment. Exmar and Lauritzen Kosan team up Gas shipowners pool resources in the east. Collision vessel arrested Tanker wharf at Shell refinery in Singapore put out of action for a year by dredger. First quarter blues at P&O Nedlloyd Container giant takes battering and warns that increased capacity will continue to affect results this year. New World Alliance unveils China-US string Next month sees the start of the PSV containership service in the Pacific. Container woes hit Royal Nedlloyd Dutch transport group dragged down in first quarter by 50% share in P&O Nedlloyd. Bergesen profit slumps Norwegian shipowner predicts gloom for capesize trades but is hot on the LNG trail. Havila posts loss as French take big stake Norwegian offshore owner upbeat as rival Groupe Bourbon muscles in. Daewoo to regas LNG newbuildings US charterer El Paso is bypassing terminal shortage issue with technology punt.