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Shipping News

Feeders will feel impact of Evergreen's shift
AS the ruckous over PSA's latest defection begins to settle, the shipping industry is turning its attention to the common feeders as they adjust to changes in Evergreen's network and consider whether to extend coverage to PTP.
Tax break plans could draw more shipping business here
P&O Princess launches new brand in Britain
Tyson suspended
At least 23 killed in Philippine ferry fire

Air and Land Transport

Asian cargo demand grew for 3rd month in March
AIRLINES and freight forwarders in Asia said cargo demand rose for a third month in March as electronics manufacturers stepped up exports to the US.
Iata chief urges review of airline industry costs
Narita breaks off landing fee talks
JAL, JAS still revising merger plans
Electric shoes spark San Francisco airport scare
MAS signs new cargo handling contract with Franfurt airport
Continental to add more HK-NY flights

web site

Shipping News

Feeders will feel impact of Evergreen's shift
AS the ruckous over PSA's latest defection begins to settle, the shipping industry is turning its attention to the common feeders as they adjust to changes in Evergreen's network and consider whether to extend coverage to PTP.
Tax break plans could draw more shipping business here
P&O Princess launches new brand in Britain
Tyson suspended
At least 23 killed in Philippine ferry fire

Air and Land Transport

Asian cargo demand grew for 3rd month in March
AIRLINES and freight forwarders in Asia said cargo demand rose for a third month in March as electronics manufacturers stepped up exports to the US.
Iata chief urges review of airline industry costs
Narita breaks off landing fee talks
JAL, JAS still revising merger plans
Electric shoes spark San Francisco airport scare
MAS signs new cargo handling contract with Franfurt airport
Continental to add more HK-NY flights

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Booming cross-straits trade EU approves acquisition of Brambles' rail logistics Air Canada renews agreement with Canada Post Air Jamaica cargo moves into larger Miami facility American Airlines to begin seasonal summer service Rolls-Royce signs Cathay Pacific's Trent care agreement

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APRIL 11, 2002
New slot charter agreement Atlantic Major carriers in the trans-Atlantic reached a new slot-sharing agreement that will result in string of ships being withdrawn from the trade, CP Ships announced. 'CP Ships and its partners in the Grand Alliance have reached agreement with Cosco, K Line and Yang Ming to form the Atlantic Space Charter Agreement. European airlines still profitable on Israel Major European carriers remained profitable on their routes to Tel Aviv, despite the deteriorating security situation in Israel. New Zealand airline cost to rise Air New Zealand will need a further NZ$670m ('204m), on top of the NZ$1.04bn committed last year when the government was forced to take an 83 per cent stake in the ailing flag carrier airline. Cargo New York-New Jersey up 5.6 per cent Cargo volumes in the Port of New York and New Jersey grew by 5.6 percent in 2001, despite the economic downturn that saw cargo volumes in other North Atlantic ports decline during the year. Lufthansa: nearly 7 per cent less cargo The aftermath of the terrorist attacks in the United States continues to have an adverse effect on the performance of Lufthansa Group, it stated with its traffic figures for the first quarter of 2002. 'JAL and JAS to get merger approvement' Japan Airlines, Japan's largest airline, and Japan Air System, the third-largest, are expected to get a nod from the anti-monopoly authority to go ahead with their full business integration plan, the Thursday edition of Nihon Keizai Shimbun, wrote.

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GE shipping signs JV pact for offshore air logistics services Free entry of 40 products from Bangladesh Rice sold for a song to boost exports G3 private sector players keen to build Paradip Port's 'clean berth' Largest-ever cargo vessel berths at Mumbai Port Tea Board, Commerce Ministry map out medium-term strategy to boost exports Study favours emulation of Chinese textile industry Karnataka means business on export front, sets 25 pc annual growth rate India signs deal for 2 lakh tonnes of palm oil PHDCCI suggests group taxation concept France sees scope for joint ventures CCIL extends guarantee settlement facility to members Gujarat invites industrialists to instil confidence in investment climate China cuts duties on import of 5,000 items by 3.3 pc IMC interactive meet with Customs' chief on April 16 OSA faces OSA in Shipping Shield Cricket finals today

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APRIL 11, 2002
Market softening in Panama Crude softer as market awaits end of Venezuela strike and easing of Middle East crisis Soft demand and prices in the US Gulf MPA suspends licences of Tyson Marine ARA market steady to slightly softer Healthy markets in the Scandinavian/Baltic areas Big spread Singapore market as some suppliers bet on softening prices Tight avails in St. Petersburg Softer bunker markets in Poland and Klaipeda Korea quiet with steady to soft prices Venezuela admits to lower oil exports as strike continues Japan: Sluggish demand in firming market IFO380 avails tight in Hong Kong Rotterdam afternoon market report Steady Italian markets, 1 day strike next week Possible signs of a slight softening in Gibraltar Istanbul still firm, demand sluggish Steady market in Piraeus, strike affecting prompt deliveries today Bunkerfuels founder joins OceanConnect

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APRIL 11, 2002
Air Canada starts non-stop flights to Madrid Port of Beaumont (Texas) completes expansion programme MOL expands transatlantic service Hapag-Lloyd names boxship in Shanghai Asia/Middle East carriers lower risk surcharge US Department of Transportation approves antitrust immunity for United Airlines and British Midland Airways, subject to open skies agreement FedEx reports increase in revenues for 3rd quarter 2001/2002 Good results for Pacer Lufthansa Group: passenger number and freight volume below prior-year level in 1st quarter 2002 Yangtze mouth navigability boosts Shanghai Port

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APRIL 11, 2002
OECD urges action on substandard shipping Classification societies might have to be licensed by IMO if proposals made by the Maritime Transport Committee of the OECD (Organization for Economic Cooperation and Development) are taken up. Singapore suspends another bunkerer The Maritime and Port Authority of Singapore (MPA) today suspended the licenses of Tyson Marine Pte Ltd to operate as a bunker supplier and a bunker craft operator P&O Princess introduces new brand, reshuffles fleet Take-over target P&O Princess is adding a brand and switching ships around

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Intesa rafforzata tra Clerici e Ceres I cinesi «sbarcano» a Napoli Nel mirino anche il porto di Genova-Voltri in partnership con Psa

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Ferry fire in Philippines kills more than 20 people AT least 23 people died in the Philippines yesterday when fire engulfed a ferry with about 270 people on board, in the latest maritime tragedy to hit the archipelago. Brussels to extend Carnival bid probe ANTITRUST regulators in Brussels will put Carnival Corp's hostile $5.4bn takeover bid for UK rival P&O Princess under the microscope by launching an in-depth investigation into the proposed transaction. Coast Guard chief appeals for patience on security measures A SENIOR Coast Guard official has called on lines and shippers to remain patient as the US government works to restructure its maritime security apparatus for a new era. Baltic clicks ahead with real time FFA trading THE Baltic Exchange has staked a claim in the future of electronic forward freight agreement trading.

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APRIL 11, 2002
US clarifies stand on visa waivers Wet bulk trade prospects 'bleak' Redelivery nightmare for boxships Have your say! Albany box plan gains support Fire ferry toll rises to 27 Docenave withdrawal 'justified' Record throughput for NY-NJ Iberdrola to buy Nigerian LNG Cruise ship detained over dispute Cosco raises Naples stake Brokers urged to raise standards Singapore seeks clarification Singapore to rethink P&I Club tax Ferry fire claims at least 23 Swansea Cork acquires own ship Unitor manager accused in Manila Lloyd Werft builds war chest STX board approves sale of shares Valparaiso initiative to save $5M Venezuela oil major assures clients

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APRIL 11, 2002
So. Cal. rail corridor to open The $2.4 billion Alameda Corridor, the nation's largest-ever freight infrastructure project, will help speed intermodal rail traffic. TACA lines add fuel surcharge The Trans-Atlantic Conference Agreement said its member lines will reinstitute new inland fuel surcharges May 15 because of rising inland transport fuel prices in the United States. Coy will lead Massport Hong Kong air freight up 13% UPS expands service parts team Panama Canal gets 10 new tow locomotives Miami shows domestic airfreight gains in Feb. EVA launches cargo service to Milan Hutchison unit unveils cross-strait load-matching service BAX Global offers online reverse logistics software Canadian train crews ratify CN contract Saddle Creek opens Home Depot distribution centers

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APRIL 11, 2002
AN: Cosco, K Line et Yangming suppriment un loop et coopèrent avec Grand Alliance/CP Ships Dans le contexte des trafics Est-Ouest, le segment Atlantique est lui aussi soumis à des mesures de rationalisation drastiques. La raison est simple: ce trafic est en régression, en ce sens qu’il n’y a plus de croissance westbound tandis que pour les volumes eastbound il y a eu déclin en 2001 et la situaton ne s’améliore guère cette année. C’est dire que la surcapacité pèse sur les revenus des armements. D’où l’accord passé entre CP Ships, ses partenaires de Grand Alliance et le trio composé des armements Cosco, Yanming et K Line et qui se traduit par la création d”un “Atlantic Space Charter Agreement” et par le retrait d’un des deux services que le trio en question assure l’Atlantique. Nomad Express devient une filiale de Gosselin World Wide Moving Gosselin World Wide Moving, un spécialiste du déménagement et du transport, a repris son concurrent Nomad Express, un des leaders du marché dans le Caucase et l’Asie centrale. Cette transaction donne une nouvelle impulsion à l’expansion de Gosselin vers l’Est, l’entreprise anversoise s’assurant d’une présence sur des nouveaux marchés très prometteurs. “New Cargo” doit devenir le meilleur - et le plus efficient - opérateur de fret sur le réseau ferroviaire belge Face à la libéralisation du transport international de marchandises dès mars 2003 sur le Réseau Trans-Européen de Fret Ferroviaire (RTEFF), face à la libéralisation totale du fret ferroviaire international et national en 2008 (voire en 2006), il est plus que temps pour le département marchandises de la SNCB de se réorganiser afin de devenir non seulement le meilleur opérateur de transport de fret, mais aussi le plus efficient économiquement. L’arrivée récente, symbolique certes, de l’opérateur DLC, montre bien que concurrence il y a déjà et qu’elle ne fera que croître. Les ports belges sont des atouts de premier plan pour la SNCB, mais également des objets de convoitise pour ses concurrents. Toyota et PSA Peugeot-Citroën donnent le premier coup de pioche de l’usine commune de Kolin Jean-Martin Folz, président de PSA Peugeot-Citroën, Fujio Cho, président de Toyota, et Milos Zeman, Premier ministre de la République tchèque, ont donné mercredi à Kolin, à 65 km à l’Est de Prague, le premier coup de pioche symbolique de la construction de l’usine qui produira en commun un nouveau modèle d’entrée de gamme pour Peugeot, Citroën et Toyota. L’usine entrera en service en 2005 et devrait produire 300.000 véhicules par an (à raison de deux tiers pour PSA et un tiers pour Toyota).

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APRIL 11, 2002
Two Amer Reefer bondholders take action Vroon and Aston Financial International file reorganisation plan for Amer Reefer. LOOP shuts down indefinitely Strong winds forced the Louisiana Offshore Oil Port to close early Thursday. Carnival unfazed by new probe The EC expresses serious concerns over the parties' strong positions in the cruise sector. LNG carrier glut fear fades Oversupply worries evaporate as gas returns to centre stage. At least 23 dead in ferry fire 246 people made it off burning Philippines ship alive, but three still missing. Sea Star gets court approval The Jones Act carrier owner will complete takeover of Navieras/NPR at end-April. Tasmania reveals cost of Superfast spending spree Anger over Australian state's bill for two 1998-built Attica ferries. Another tragedy added to grim list in Philippines Thursday's fire aboard Maria Carmela was the latest in a string of accidents since Dona Paz sank in 1987. Good faith worries rising Call to amend UK marine insurance law as underwriters, lawyers and average adjusters examine recent cases. Singapore suspends bunkering license Tyson Marine is the latest victim in the city state's crackdown on contaminated fuel sale. Fitzgerald joins OceanConnect Bunkerfuels founder Bob Fitzgerald moves into management role at online supplier. Golar out of RasGas running John Fredriksen misses out on two LNG deals but could get second bite on four more. EC set to probe Carnival bid Move gives a boost to P&O Princess - RCCL merger proposal. Cruise stock seen buoyant Expected higher consumer spending boosts Carnival shares by $1.26.