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Shipping News

PSA set to meet 17m TEU target for S'pore volumes
PSA Corporation has almost topped its 2001 container throughput in Singapore one month before the end of the year, placing it on track to get close to its 17 million TEU goal in 2002 despite increasing competition.
Asia-Europe rates to go up from Jan
US dockworker delegates debate contract proposal
P&O expects cost cuts of 15m at ferry unit
Rising rates let old, small tankers ply Europe-Asia
Australian exporters, shipping industry fight possible new tax charge

Air and Land Transport

Qantas, Air NZ tie-up seen bringing NZ$2.4b benefits
QANTAS Airways Ltd's proposed alliance with Air New Zealand may benefit Australia and New Zealand's economies by more than NZ$2.4 billion , according to a report commissioned by the two airlines.
United Airlines board votes for bankruptcy filing
Cathay confirms interest in Chinese airlines but no deals yet
Snow halts JAL, ANA domestic flights
Log Book

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Shipping News

PSA set to meet 17m TEU target for S'pore volumes
PSA Corporation has almost topped its 2001 container throughput in Singapore one month before the end of the year, placing it on track to get close to its 17 million TEU goal in 2002 despite increasing competition.
Asia-Europe rates to go up from Jan
US dockworker delegates debate contract proposal
P&O expects cost cuts of 15m at ferry unit
Rising rates let old, small tankers ply Europe-Asia
Australian exporters, shipping industry fight possible new tax charge

Air and Land Transport

Qantas, Air NZ tie-up seen bringing NZ$2.4b benefits
QANTAS Airways Ltd's proposed alliance with Air New Zealand may benefit Australia and New Zealand's economies by more than NZ$2.4 billion , according to a report commissioned by the two airlines.
United Airlines board votes for bankruptcy filing
Cathay confirms interest in Chinese airlines but no deals yet
Snow halts JAL, ANA domestic flights
Log Book

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HUAL puts new orders to Daewoo Shipbuilding & Marine P&O Nedlloyd accepted as full C-PTAT partner by US Customs IMO set to adopt full set of security measures Halliburton awards Exel five-year deal throughout Asia Pacific OTAL makes charitable moves to Luanda Hanjin Shipping recipient of Safety management Award FedEx starts using Hong Kong interim frequencies Alitalia granted EUR150M in damages from KLM by arbitrators Wolfgang Mayrhuber appointed Lufthansa's next chairman and CEO

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DECEMBER 9, 2002
United Airlines biggest airline Chapter 11 United Airlines on Monday filed for Chapter 11 after months of trying to head off the crisis, making it the biggest collapse of an American carrier in a decade. Shipitsmarter sells website ShipitSmarter.com in Amsterdam has sold her public web site, www.ShipitSmarter.com, to Dutch courier company SDS Worldwide per 6 December 2002. P&O Logistics sold to Wincanton in UK P&O announces that it has agreed to sell its contract logistics business, which constitutes the greater part of P&O Trans European, to Wincanton plc. Olympic Airways faces bankruptcy Greece's state-owned Olympic Airways could face the prospect of bankruptcy this week when the European Commission demands it pay back millions of euros to the national exchequer. Transpacific lines extend peak season surcharge Backlogged cargo resulting from the US West Coast labour strife combined with strong January 2003 bookings prompted the 14 members of the Transpacific Stabilization Agreement (TSA) to take the unprecedented step of extending this year's peak season surcharge until Jan 31, 2003.

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SCI asks govt to remove curbs on investment Kakinada LNG project to get going, GAIL to take 25 pc stake Govt may allow over 25 pc foreign stake in SCI MoS gives clearance for selling SCI stake in Greenfield to MOL Galaxy of speakers from India & abroad steal the show - Vedprakash Goyal sets the pace for International Conference & Exhibition ABS certifies Evergreen for safety, quality & environmental management systems $ 180-m ADB loan for MP road projects Basmati price hike by 25 pc places exporters on tenterhooks Preferential trade pacts with African nations under study CoPT to expedite bidding process for Vallarpadam project PPT completes 8-km of concrete roads BA raises seat capacity for Kolkata Coimbatore ACC handles 757 tonnes cargo Forex reserves continued to surge: A rise of $ 564 million Tariff on edible oils not to be lowered: Ajit Singh Forex reserves inching up to $ 67 bn Consumer durables sector posting steady growth: Ascon survey Kelkar Committee mulls lower excise on food items US team presents 6-point agenda to attract FDI Upasi seeks separate plantation development bank Exim Bank study sees scope to boost cement exports 40 AEZs may require investments of Rs 1,025 cr. over 3-5 years Govt affirms ban on beef export Kinfra to be nodal agency in co-ordinating CSEZ activities Gist of public notices/circulars/notifications

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DECEMBER 9, 2002
Daily bunker market report from Praxis Energy Agents OPEC quotas to be maintained or raised to regain confidence Venezuela: Strikers vow indefinite action CBI Engineering boosts Marine & Bunker activities Aalborg fuel hub takes its largest vessel so far Rotterdam numbers rise with crude Bunkering station at Syros island reinstated Bad weather affects Novorossiysk IPE Natural Gas Futures Set Volume Record

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DECEMBER 9, 2002
P&O Nedlloyd accepted as full partner by US Customs security programme ProLogis signs deal with Polish retailer New freight locomotives for BLS

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DECEMBER 9, 2002
IMO Diplomatic Conference on security starts work Here comes ISPS

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DECEMBER 9, 2002
Port of Seattle CEO named Federal Reserve Bank chair Phil Klahn new chief of Portland Airport police department Bremerton Port Commission Oks $7,677,565 budget for 2003 Corps of Engineers posts Columbia mouth dredge data on web Canada Maritime and OOCL open slots to CANEX consortium

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US Customs on way to Felixstowe as UK signs up to box initiative US customs personnel will be posted to Felixstowe early next year to work alongside UK officers in a joint anti-terrorism drive. P&O sells contract logistics arm to Wincanton for £152m P&O has sold its European contract logistics business for £152.5m ($240m) to Wincanton, the domestic UK supply chain operator. Vanuatu registry chief Bohn arrested over $100m scam VANUATU registry chief executive Robert Bohn has been arrested in the US, as one of 17 people accused of swindling more than $100m in an international lottery scam. French navy runs tanker out of zone FRANCE'S navy yesterday forced another older oil-bearing ship out of its 200-mile economic zone, writes David Osler.

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DECEMBER 9, 2002
Africa worried by security funding Single hull Titan safely away Venezuela maritime in chaos Mangouras 'being held hostage' Experts needed in an emergency ExxonMobil to appeal Bush promotes CSX Corp chairman Costa inaugurates La Romana port Korean builders herald changes Canopus not so Radiant in Nantong Russians demand Kaliningrad link Optimism for building crisis talks India relaxes SCI stipulation Exams annulled after cheating found Philippines ferry damaged in fire Shipdock confirms merger talks Spain to ban single-hull tankers Rajoy reveals new Prestige fears P&O Ports pushes ahead with Mundra Colombian coal flows again Terra Nova faces $10M pay-out Conferry joins Venezuelan unrest Panama procedures anger Filipinos TMN in talks with Lloyd Triestino TIPS wins Laem Chabang bid

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DECEMBER 9, 2002
West Coast cargo picks up speed The severe congestion that has plagued container terminals in Los Angeles-Long Beach should diminish over the next few weeks thanks to an arbitrator's decision. CSX's Snow to head Treasury President Bush named CSX Corp. Chairman John Snow as Treasury secretary today in a bid to recharge the economy before the 2004 elections. United filing won't affect air cargo Domestic and international cargo operations will continue normally after the world's No. 2 airline filed for bankruptcy protection. EU bans 'dirty' loads for single-hull tankers EU, China sign maritime pact P&O sells contract logistics unit Shipowner bidding for Olympic Airways ICAO launches Wright Bros. centennial Lynden names Asia business development chief Kawasaki selects Alitalia Cargo Trade groups urge Bush budget support for Customs 3PLs feeling slowdown: Study Freighter fleet to grow: Lufthansa chief

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DHL veut prendre une participation dans Sinotrans Le groupe China National Foreign Trade Transportation, mieux connu sous le nom de Sinotrans, a obtenu il y a quinze jours l’autorisation des autorités boursières de Hong Kong d’effectuer une introduction en bourse. Celle-ci était prévue à l’origine pour le mois de décembre, mais cela semble impossible à réaliser. La Deutsche Post, par l’entremise de DHL, a fait savoir être très fort intéressée. Sinotrans et DHL coopèrent étroitement - et avec succès - dans l’express depuis plus de dix ans. “La capacité des infrastructures est insuffisante pour multiplier par 2,5 le transport ferroviaire de fret” Si l’on en croit Luc Aladière, directeur des Affaires européennes de la SNCF, cette dernière accepte pleinement le Premier Paquet ferroviaire de la Commission européenne. Pour ce qui est du Deuxième, la SNCF demande de s’en tenir au calendrier fixé, donc de ne pas hâter le processus. Luc Aladière avertit toutefois que si l’on veut vraiment multiplier par 2,5 le fret ferroviaire dans les échanges européens d’ici 2010, il faudra impérativement et préalablement faire sauter les goulots d’étranglement. A l’heure actuelle, la SNCF pourrait transporter au grand maximum 20% de plus que ce qu’elle fait actuellement. Pas plus. Pas d’accord au Conseil Transport sur la prolongation du système d’écopoints Après le rejet vendredi dernier par les ministres européens des Transports de la proposition de compromis de la présidence danoise visant à prolonger de trois ans le système des écopoints (jusque fin 2005), les ministres européens des Affaires étrangères, qui se rassemblent mercredi, vont une nouvelle fois tenter de sortir de l’impasse.

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DECEMBER 9, 2002
TMM's refund hits the buffers Shares fall as Mexican shipowner's rail unit receives bad news over tax break. Prestige first officer flies home Departure leaves Apostolos Mangouras facing Prestige spill wrath alone. New Exxon Valdez spill appeal ExxonMobil in bid to cut punitive damages a hundredfold. P&O sells logistics unit to reduce debt Most of P&O Trans European goes to Wincanton for '152m. Orinoco pilots join strike Politicial crisis threatens navigation on key bulk carrier waterway. Stamatis Restis aims high Shipowner pledges $151m to keep Olympic, or maybe Macedonian, airline flying. Mipo wins monster BP order Hyundai signs $166m products carrier contract plus options that could double the deal. James Sherwood to step down Sea Containers confirms founder's 37 years at the helm to end soon. Double-hulls to reap rewards of EU ban Modern tankers will be in demand after Europe bans single-skin tankers from carrying heavy fuel oil. IMO meet to adopt security measures UN body meets Monday morning for "historic" conference focusing on maritime and port security. Agate heading back to Singapore for minor repairs Tank measurements show World Tankers Management ship spilled 128 tonnes of oil after clash with cargoship. Two dead after ship explosion in India Another eight injured at Bombay a day after similar accident aboard Frontline VLCC. Yemen Limburg impact put at $20m President Ali Abdullah Saleh's (left) estimate five-times higher than earlier US figures. Greek ferry in bomb scare False alarm, but unnamed passenger vessel is evacuated after anonymous telephone call. MOL-RCL combo wins Thai terminal deal Japanese owner and domestic liner firm combine to win Laem Chabang contract. EU and China ink maritime agreement Initial five-year agreement covers areas such as maritime security, safety and training.