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Shipping News

US urged to delay 24-hour rule for cargo manifests
GLOBAL container shipping lines are urging the US government to delay implementation of its so-called '24-hour rule' for cargo manifests by 12 months saying the proposal will slow international commerce and significantly increase carrier and shipper costs.
Costly, time-consuming security checks
Cosco Pacific to invest HK$1.5b in 4 China ports
S'pore-led salvage team frees grounded bulker

Air and Land Transport

Airlines reduce flights, as travellers shun US today
AS airports the world over went on heightened security and some airlines suspended flights, travellers are generally staying away from flying into the United States today, the first anniversary of the US terrorist attacks.
American Air must cut 15% of costs: chairman
Greek govt trying hard to keep Olympic flying
All clear at Moscow airports
3I seen in talks to buy Jet Aviation
Log Book

web site

Shipping News

US urged to delay 24-hour rule for cargo manifests
GLOBAL container shipping lines are urging the US government to delay implementation of its so-called '24-hour rule' for cargo manifests by 12 months saying the proposal will slow international commerce and significantly increase carrier and shipper costs.
Costly, time-consuming security checks
Cosco Pacific to invest HK$1.5b in 4 China ports
S'pore-led salvage team frees grounded bulker

Air and Land Transport

Airlines reduce flights, as travellers shun US today
AS airports the world over went on heightened security and some airlines suspended flights, travellers are generally staying away from flying into the United States today, the first anniversary of the US terrorist attacks.
American Air must cut 15% of costs: chairman
Greek govt trying hard to keep Olympic flying
All clear at Moscow airports
3I seen in talks to buy Jet Aviation
Log Book

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SEPTEMBER 10, 2002
EC against American Customs personnel The European Commission is using spurious arguments to oppose the presence of American Customs personnel in European ports. The current bilateral approach seems best, allowing those involved to quickly spring into action. MOL to training center in Montenegro Mitsui O.S.K. Lines today announced the establishment of an MOL Training Center in Montenegro. Rail lobby against longer trucks Rail club AAR said a University of Minnesota economics professor has criticized as flawed and of "extremely limited usefulness" a recent Transportation Research Board report that recommended allowing longer and heavier trucks on the nation's highways. New train Amsterdam-Milan On Monday 7 October 2002, Intercontainer-Interfrigo (ICF) will be launching its new "Fast Freight Train" service, which will cover the distance between Amsterdam and Sesto San Giovanni (Milan) 6 times per week in less than 18 hours. CP Ships takes delivery of Contship Aurora CP Ships has taken delivery of the 4100 teu Contship Aurora. New North-South service Contship Containerlines, CSAV, Lykes Lines and Montemar are launching a new service for dry and reefer containers between North Europe, West Africa and East Coast South America. P&O, Geest and Norfolkline in Rotterdam-Italy train Geest North Sea Line, Norfolkline and P&O Ferrymasters have teamed up with Rail Development Partners (RDP) to start a daily shuttle train service from the Rotterdam Shortsea Terminal to Rogoredo in Milan, Italy. Air France strike cost 60 million A four-day strike by Air France more than 4,000 cockpit crew over pay has lost the partially privatised airline more than 60 million euro and made more difficult the planned sale of a further share by the state, according to airline executives and bankers. Airlines protest against Alitalia subsidy British Airways, Lufthansa, KLM, SAS, Finnair, Austrian Airlines and BMI British Midland called on the European Commission to be vigilant on state aid being given to Alitalia following the outcome of its recent 1.4 billion euro recapitalisation.

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Schenker secures NVOCC licence for China operations Capexil to step up exports of 4 products in US Clothing exports rise by 7 pc during April-July Port workers serve indefinite strike notice CoPT to float new tenders for Vallarpadam project Alang ship-breaking yard to get more facilities TPC asks MbPT to reduce royalty for Pir Pau jetty project MbPT Officers' Assn felicitates Thirunavukkarasar Lufthansa Cargo to raise fuel surcharge from Sept. 23 Agil Freight Logistics sponsors chess championships for children Forex reserves uptrend maintained DGFT clarification on serpentine (green) marble HPCL to reconsider LPG cavern project High-level committee approves full ECB pre-payment by Indian firms Govt to issue 7 pc tax-free bonds next month US decision to cut duty will push up exports: GJEPC Setback to reforms process as govt stalls sell-off plans for 3 months Forex reserves total $ 61.515 bn RBI eases pre-shipment foreign currency loan norms Customer intimacy seen as vital for compressor industry PAN-based Sales Tax ID nos for dealers under study Strategic sales best for country: Shourie IMC to hold fair in Osaka M A Master Memorial Lecture at IMC today

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SEPTEMBER 10, 2002
Oil ticks higher ahead of terror-anniversary Strike threatens all oil activities at Europe's second biggest oil port Daily Bunker market report from Praxis Energy Agents (Tuesday) St. Petersburg on the rise Ekor looks for barge buyers Oil pot kept bubbling ahead of APIs Busan hears pins dropping Daily Bunker market report from Praxis Energy Agents (Monday) Rotterdam settles down for midday Hong Kong starts to feel the altitude New IFO price increases in Brazil

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New York spirit rises from terror's ashes ONE year on from the September 11 terrorist attacks on New York and Washington, America is still struggling to adjust to its new circumstances. US union condemns treatment of seafarers A MAJOR US maritime union has turned up the heat in the growing campaign against security-related restrictions on seafarers, blasting the denial of shore leave by private oil terminals as misdirected and discriminatory. Tankers warned of al-Qa'eda threat THE US Navy yesterday warned merchant ships in the Gulf and northeast Africa to "exercise extreme caution" against al-Qa'eda attack today, the anniversary of last year's terrorist outrages in New York and Washington, write David Osler and James Brewer . September 11: One year on TO COMMEMORATE the first anniversary of the terror attacks on New York and Washington, Lloyd's List will be running a series of articles throughout this week examining how our readers have been affected, and how they will continue to change in this new landscape.

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SEPTEMBER 10, 2002
Seafarers missing after sinking Delay urged on manifest proposal Maersk strengthens US military role Lawsuit filed for cruise deaths IMO cool on US port state demand Indian dockers to strike over bonus Grain gain for Santos Maersk transfers at Montevideo Gujarat to upgrade Alang scrap yard Sovcomflot to double cargo share Grain marketing monopoly lost Greece reveals EU 2003 agenda Torm raises earnings estimate Wilhelmshaven finance deal close Marco Polo funding in jeopardy W Australian ore ruling favourable Latvia looks at Stockholm link Lloyd Werft to manage SSW yard Puerto Rico aims to beat Jones Act Aboitiz to acquire WG&A Jacobs raises stake in NOL Controversial LNG project revived Bill seeks to cut port costs

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SEPTEMBER 10, 2002
Politics clouds project outlook Forecasts for the project cargo business are being wracked by political turmoil, particularly among Middle Eastern nations. United Cargo bumps fuel surcharge The airline becomes the latest carrier to set hikes for international and U.S. domestic shipments. CSDC transfers box unit to parent China Shipping Development Co., China's biggest oil shipper, agreed to sell its money-losing container unit to parent China Shipping (Group) Co. UPS, mechanics reach agreement TEA-21 needs proper funding: Execs Evergreen unit deploys new container ship American Airlines boosts fuel surcharge Cathay rival mulls China complaint Unions threaten India port strike Schenker opens in Mauretania Menzies completes buy of Dutch cargo handler Exel extends RPP contract Carriers: Delays to follow manifest rule

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SEPTEMBER 10, 2002
Frontline stock seen as worst performer Many tanker shares rebound from post 11 September lows, but Frontline continues to sink. Shipping firms from WTC find new homes Many shipping firms continue to operate in Manhattan a year after 11 September despite heightened security. Dex clears the decks Hull insurance chief Mark Carter gears up for major expansion. Analyst cuts Teekay's earnings estimate Earnings estimate is weighed down by weak rates and sluggish ship scrapping. HDW's Klaus Lederer in the clear No evidence to suggest yard chief pinched former company's cash to do up house, German court finds. Terrorists may target Middle East tankers US Navy cautions possible attacks on oil tankers by Al Qaeda terrorist group. Universal Shipbuilding top brass named NKK and Hitachi outlined who is to run new shipbuilding joint venture and savings it hopes to achieve. More delays expected at Panama Canal Owners advised to book slots ahead of lock works later this month. German cargoship aground off UK Erwin Strahlmann's Urte taking in water at the mouth of the Trent, UK Coastguard says. Volumes slip at North-Western Shipping Russian owner saw cargo shipments decline, as it puts passengerships up for sale. Noble inches up in spite of economic woes Richard Elman's commodities group defied the global downturn to post a modest rise in interim profits. Facelift planned for Alang Indian authorities line up anti-pollution facilities at world's largest shipbreaking yard. Flemming splashes out on NOL stock Embattled boss of container line picks up 100,000 shares as price falls to 40 month low. Jaya wins analyst's backing Singapore owner's stock is one to watch, according to OCBC Investment. Concern rising over crankcase explosions Growing number of cases and loss of earnings prompt first industry get together in 30 years. CSDC to shed boxship stake Hong Kong arm of China Shipping Group is transferring its stake in C S Container Lines back to its parent. NYK invests in Aussie Eucalyptus plantation Owner takes minority stake in venture to develop a sustainable source of raw materials for paper producers.