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Shipping News

HK keen to participate in container cargo screening
US Customs officials met with their Hong Kong counterparts and other government officials yesterday as the US continues its push to sign up foreign ports to pre-screen container cargo destined for its shores.
HK being promoted as global maritime centre
Net-based atlas will track threats to oceans, aid negotiators
Ports of Auckland to sell ferry wharf assets
Carnival decides to forego EU hearing: sources

Air and Land Transport

US low-fare carriers report higher May traffic
SOUTHWEST Airlines Co, America West Airlines and Alaska Airlines said passenger traffic rose in May, after larger rivals reported declines.
Virgin Atlantic to restore transatlantic services
Thai Air sees good 2nd half; planned share sale on course
Bankrupt Fairchild Dornier in talks with Bombardier
Radar data from China helps Taiwan in CAL crash probe
Air NZ sidelined after Virgin, United deal

web site

Shipping News

HK keen to participate in container cargo screening
US Customs officials met with their Hong Kong counterparts and other government officials yesterday as the US continues its push to sign up foreign ports to pre-screen container cargo destined for its shores.
HK being promoted as global maritime centre
Net-based atlas will track threats to oceans, aid negotiators
Ports of Auckland to sell ferry wharf assets
Carnival decides to forego EU hearing: sources

Air and Land Transport

US low-fare carriers report higher May traffic
SOUTHWEST Airlines Co, America West Airlines and Alaska Airlines said passenger traffic rose in May, after larger rivals reported declines.
Virgin Atlantic to restore transatlantic services
Thai Air sees good 2nd half; planned share sale on course
Bankrupt Fairchild Dornier in talks with Bombardier
Radar data from China helps Taiwan in CAL crash probe
Air NZ sidelined after Virgin, United deal

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CaroTrans names new agent, reinstates Colombia service FS Mackenzie looks to Milsped to boost Yugoslavia service Air New Zealand gears up for northern winter EURO-LOG-Freightek link gives Europe, US e-customs IATA thanks HKIA, Changi for post-911 generosity to airlines

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JUNE 7, 2002
Maersk might shift from Kaohsiung to Shanghai Maersk is weighing a move to Shanghai from Kaohsiung. Maersk accounts for about 20 per cent of Kaohsiung's container throughput, 1.5 million Teu per year. ICF volumes fell again Pan-European network operator Intercontainer-Interfrigo (ICF), Basel, today announced its results for the 2001 financial year and, for the first time, unveiled to the media its plans for X.net, a new network to begin operations on 1 July 2002 Intermodal rail traffic US up. US intermodal rail traffic rose 9.4 percent (77,893 units) while rail carload traffic fell 1.8 percent (31,092 carloads) in May 2002 compared to May 2001, the Association of American Railroads (AAR) reported. Deutsche Post with bond issue Deutsche Post is planning its first benchmark euro-denominated bond issue in the next few weeks. Schenker acquires Acco Logistics Schenker's Australian subsidiary has taken a controlling interest in Acco Logistics Pty Ltd. Iberia raises 2002 growth forecast Iberia raised its full year profit forecast on Thursday, saying its business was recovering faster than expected from the post September 11 slump in travel. Ceres, Amsterdam resolve conflict Ceres Terminals Inc. said it has "amicably resolved" a dispute with the Port of Amsterdam.

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Extra risk premium may hike crude freight rates SCI to acquire more oil tankers Govt has no plan to impose extra risk premium on Indian ships Luxembourg wants better trade ties with India CII biotech teams for US, Canada to explore market Anti-dumping duty fails to check hot-rolled steel imports India, China imports boost oil trade Dumping duty slapped on import of graphite electrodes India, Sri Lanka to form working group on services trade British investors see India as safe haven UP sets mango export target Major Chinese order for Pune firm Lanka to buy milk, sugar from Karnataka CII bid to foster ties with UAE's HCT Safeguards against Chinese textile imports Shashi Kiran Shetty appointed MbPT Trustee NMPT hopeful of better days with shipment of pig iron SICL handles 150 ships, 5.3 mt of coal in 16 months at Vizag Port Increased subsidy sought for tea shipments through Amingaon ICD Concor, IRKSS to continue working relationship for another decade - Fresh agreement signed at CFS Mulund (W) D'Node shed fire causes heavy loss to cargo & property SIONs for 16 new export items notified Rs 15,329 cr. fiscal gap in April Govt may waive export norm for auto units Assocham moots 5-point strategy to revive steel sector Final round of India-EU talks on textile duty in July on sops to Pak PM calls for balanced development of Asia to end conflict RBI group submits report on market integrity Coir Board to hire lobbyists to increase exports IOC to sign deal with Petronas Foreign Trade Analysis: Current Policy & Procedures JETRO test on September 28 Japanese firm denies reports of expatriates leaving India Conference on role of cotton next month Reconsider decision to recall nationals: CII

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JUNE 7, 2002
Some players struggling with soaring resupply cost in Novorossiysk Rotterdam market report from Marine Bunkering Bunker prices for Brazilian ports Yukos to ship Russian crude to the US International Petroleum Exchange Posts Record Volumes for May Vancouver steady and firm Seattle remains tight, Portland OK Markets firming in Los Angeles and San Francisco

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Freak storm topples two port cranes A FREAK thunderstorm toppled two cranes and several container stacks at the Bulgarian port of Varna on Saturday. Project America is back on course THE Northrop Grumman Ingalls shipyard in Pascagoula in Mississippi has resumed work on the $459m Project America cruiseship that was abandoned last October after the collapse of American Classic Voyages, and is preparing to float the semi-finished vessel out this autumn after closing a sale. Royal Caribbean in sex assault cases ROYAL Caribbean faces three lawsuits in the Miami-Dade Circuit Court in Florida, alleging that a chief officer and a ship's doctor sexually assaulted three female passengers during a four-night Caribbean cruise on the Majesty of the Seas in October last year, writes Rajesh Joshi. Canal toll rise plans alarm shipowners SHIPOWNERS have been taken aback by plans for a $75m scheme to lift Panama Canal tolls by an average of 13%.

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JUNE 7, 2002
Toll rise a 'shock to the system' Fosen agrees disagreement deadline Spliethoff takes Transfennica Seafarers' fund seeks compensation Dockers defer threatened strike Panama Canal tolls up 13 per cent Bush reorganises security agencies Trans-Pac trade hits monthly high HK in no rush over box concern New island will ease discharge Novoship loses out on oil boom Maersk mum on Shanghai shift Australia welcomes towage findings Short-sea initiatives taking shape Crewing congress looks ahead BNDES approves boxship loan Long Beach to expand oil capacity EC to re-introduce yard subsidies MOL in deal to convert LNG ships

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JUNE 7, 2002
Bush plan for new security agency could shift Customs' trade mandate Questions remain as to what effect Homeland Security will have on Customs and its role in trade. U.S., Hong Kong in box security talks Washington wants the world's busiest container port to join Singapore and Canada in the Container Security Initiative. New rates for Panama Canal A proposed new pricing structure would increase average toll rates by 13%. Maersk dismisses Shanghai report Air-cargo group meets on security Creel slams antitrust bill NIT League wants feds to monitor port talks Dragonair readies U.S. cargo service Lloyd's puts Indian west coast ports on notice Universal Express to market intermodal bus Norfolk Southern opens Ga. bulk transfer terminal BAA may bail out U.K. air traffic control ETerm system goes wireless

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JUNE 7, 2002
China, US in new shipping dispute China denies US talks of reluctance to adjust controversial new shipping laws. US deports Polish master Captain supervised Enterprises bulk carrier while drunk on two occasions. US bank completes HDW stock purchase Bank One Corp is discussing with Northrop Grumman on a possible partnership in HDW. Spliethoff buys Transfennica Shareholders in Finnish forest products line sell majority stake. Panama Canal to hike toll rates Proceeds from the higher toll will go toward the canal modernisation programme. Kinakh promises back-pay for yard workers Ukraine premier reassures Kommunards staff at yard which is building three reefers for Greece's Laskaridis group. Actinor sells containerships Troubled Norwegian owner sells three vessels for $62m as it does a deal with the banks. Tallink plots share listing Estonian ferry owner looking to float on a foreign exchange to fund expansion. Bergesen puts Havlur up for sale Norwegian owner plans to scrap another of its elderly LPG carriers. Chemical leak prompts evacuation in Darwin China Navigation Co's boxship Chekiang sparks scare in Australian port. BP pushes back deadline on aframax options Oil major hedges its bets on additional tanker newbuildings. Tranz Rail dominance to be challenged New Zealand group's inter-island ferry service about to face renewed competition. SGOS heading back into the red Container shipping firm Shenzhen Great Ocean Shipping Co expects first-half loss as costs rise.