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Shipping News

IMO voting on far-reaching security measures
THE International Maritime Organisation's 'historic' Diplomatic Conference will conclude tomorrow after considering an unprecedented package of maritime security measures that are widely expected to dramatically reshape how the industry operates.
Trials of new, cheaper bunker fuel a success
Sunken tanker could leak oil until 2006: Spain
Collision in S'pore Straits: only 128 tonnes of oil spilled
Tanker explosion at China terminal
MSC picks Tauranga as North Island hub

Air and Land Transport

Air India leasing planes to regain lost market share
AIR India is seeking to boost profit this fiscal year as India's biggest foreign carrier leases Boeing and Airbus aircraft from companies such as Singapore Ailines Ltd to fly to more cities.
Lufthansa's passenger numbers up in Nov
Pay deal averts pre-Christmas airport strikes in Britain
Improperly greased part caused Alaska Airlines crash
Origen Logistics set to expand in China
Boeing eyes more aircraft orders from Vietnam Airlines
Rogers Worldwide expands
UPS starts SMS tracking service in Asia
US Post reports 2002 loss; may up 2004 rates
FAST Track

web site

Shipping News

IMO voting on far-reaching security measures
THE International Maritime Organisation's 'historic' Diplomatic Conference will conclude tomorrow after considering an unprecedented package of maritime security measures that are widely expected to dramatically reshape how the industry operates.
Trials of new, cheaper bunker fuel a success
Sunken tanker could leak oil until 2006: Spain
Collision in S'pore Straits: only 128 tonnes of oil spilled
Tanker explosion at China terminal
MSC picks Tauranga as North Island hub

Air and Land Transport

Air India leasing planes to regain lost market share
AIR India is seeking to boost profit this fiscal year as India's biggest foreign carrier leases Boeing and Airbus aircraft from companies such as Singapore Ailines Ltd to fly to more cities.
Lufthansa's passenger numbers up in Nov
Pay deal averts pre-Christmas airport strikes in Britain
Improperly greased part caused Alaska Airlines crash
Origen Logistics set to expand in China
Boeing eyes more aircraft orders from Vietnam Airlines
Rogers Worldwide expands
UPS starts SMS tracking service in Asia
US Post reports 2002 loss; may up 2004 rates
FAST Track

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MacAndrews set to become CMA CGM subsidiary Tentat Singapore develops logistics provision arm Fong joins Nielsen shipping Deutsche Post acquires remaining 24.4 per cent of Vancouver Port Authority seeks legislation changes CSX Lines sees clearer Horizon

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DECEMBER 11, 2002
Drastic reduction EU support intermodal transport The European Transport Commission will support intermodal freight transport and coastal shipping with 75 million euro over the four-year period from 2003 to 2006. ICF and ICA take over CSKD-Intrans, Prague Intercontainer-Interfrigo (ICF), Basel, and Intercontainer Austria, Vienna, today announced their acquisition of a majority stake (80%) in CSKD-Intrans, Prague (Czech Republic) from 1 January 2003 for an undisclosed purchase price. TPG want to shut Fiat operations TPG announced today that through its Business Unit TNT Logistics Italy, the company has started an official procedure in Italy to obtain the approval for a 12-month work stoppage for 665 employees at Fiat Auto's Torino Mirafiori plant. United reassuring customers and employees A day into its bankruptcy reorganization, United Airlines held preparatory talks with its unions Tuesday on concessions while its CEO began a tour of United's U.S. hubs as part of a campaign to reassure customers and employees. Hong Kong container traffic up 4.9 per cent Hong Kong's container traffic increased by 4.9 per cent in the first nine months of 2002, against the same period a year ago, after throughput posted 9 per cent growth in the third quarter on the back of robust China exports. 'Piracy in Asia costs $25 billion' Piracy, mainly along Asia's busy sea lanes, is costing the world's economy US$25 billion a year and the threat is growing as modern buccaneers equip themselves with the latest technology, James Warren of the School of Asian Studies at Murdoch University in Australia said.

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SCI Board accepts Hyundai price bid for building 2 VLCCs 90 pc grant for states to develop IWT sector-Thirunavukkarasar India may play larger role in Kuwait's telecom sector CSL to expand training facilities Stone laid for rly siding at ICD-Rewari Concor runs 1st export rake to Haldia ex-ICD-Tughlakabad - Onward carriage to Chittagong by Transworld ship Handicraft SEZ for Moradabad Govt will operationalise price stabilisation fund for tea, coffee, says Arun Shourie House panel proposes 49 pc FDI in airlines sector Govt to launch wool technology mission Nabard to launch agri-clinic soon Route for India-Bangladesh gas pipeline project finalised Capital goods sector poised for major growth: Minister 5.2 pc growth in industrial output during April-Sept. Tooltech fair yields orders worth Rs 3.1 cr. RBI dy chief lauds success of telecom PSUs Services sector records excellent growth during April-November: Ascon survey RBI panel to look into softer lending rates for small-scale industries IMC's 3-day int'l conference on "Communications Convergence" from today New faces in PM's Trade Council Leading rice-exporting nations to set up website Ficci's platinum jubilee celebrations to bring R&D in limelight Better infrastructure helped Chinese economy grow: Expert

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DECEMBER 11, 2002
US Gulf: Strong demand, prices expected to rise US East Coast: Prices up as Venezuelan strike continues Avails tighten amid high demand in Montreal Trader proposes method to stamp out bunker fraud Saudis back OPEC production cut IEA 2003 oil demand forecast steady Daily bunker market report from Praxis Energy Agents INTERTANKO expresses concern about Venezuela situation Novorossiysk: Operations resume as weather improves DOE pegs US stock build higher than API Heavy demand leaves Gibraltar congested Tight avails in Las Palmas Rotterdam still rather steady Supply soon to return to Port Said? Platts nips bullish Piraeus in the bud Oil a little down on APIs, Venezuela still supportive New Saudi posted prices Brazilian market report from Petrobras Korean prices fall, and so does demand

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DECEMBER 11, 2002
Grimaldi's Antwerp Euro Terminal on schedule Republic of Tchad introduces new maritime charge Olympic Airways on brink of bankruptcy DB Cargo merges BTS and Kombiwaggon Norfolk Southern planned capital spending

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DECEMBER 11, 2002
Washington Public Ports meeting recognizes ports, people and education Paulsen named maintenance boss for Port of Tacoma Retired containership captain will sign book onboard steamer PORTLAND Port of Seattle adds Economic Development Division President nominates John Snow for Secretary of Treasury post

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'Give us our missiles back,' storms Yemen YEMEN issued a formal protest yesterday to the US and Spain over the seizure of 15 Scud missiles bound for the Arab country, and has demanded their return. Salvage tug owner faces breach of contract probe over bid to save Prestige THE Spanish government has launched an investigation to establish whether the owner of a salvage tug on charter to Spain's maritime rescue services tried to negotiate a commercial contract to save the crippled Prestige, writes Brian Reyes in Gibraltar. IMO mulls bulk carrier risk control options A RANGE of measures designed to enhance the safety of both new and existing bulk carriers is expected to be agreed by the IMO Maritime Safety Committee today, writes Michael Grey

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DECEMBER 11, 2002
Canadian Coast Guard slammed US scrap measure questioned New dangers in Venezuela strike Ferry ports blocked by fish protest Irish tonnage tax wins approval ACLN: behind the corporate veneer Short-sea needs e-bills of lading Master's decision led to collision East London seeks dust solution Chinese yards catching Korea Maputo corridor link opened Spain reveals scud cargo details Drunk master grounds his ship Korean missile ship intercepted Four short-listed for deep sea tugs Manila modernisation moves ahead Crew member killed off Newcastle Pentagon policy questioned

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DECEMBER 11, 2002
Panel looks to revamp Postal Service President Bush is pushing for the first major overhaul of the U.S. Postal Service in 30 years. Weblog: CSX an also-ran under Snow DOT sets timetable for HK air rights The U.S. Department of Transportation has set deadlines for air cargo carriers applying for the rights to operate new flights between Hong Kong and other markets outside the United States. Piracy attacks up, cost $25B a year Attacks on merchant shipping are again on the rise, a new report says. Atlas's Carty named Laidlaw CFO British airport labor deal averts strikes Bunker tax will hurt Calif. maritime: Exec Venezuelan navy retakes rebel tanker: Report India shippers wary of U.S. manifest rule Airforwarders elect Cihak EU order could bankrupt Olympic Airways Open Harbor gets $20 million in new funding Tanker rates hit two-year high

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Wincanton acquiert P&O Trans European Le groupe britannique de logistique Wincanton (qui dit être le numéro 2 du secteur au UK) va acquérir P&O Trans European, la division logistique du groupe P&O. Cette transaction, d’un montant de 152,5 mio. de GBP en cash, permet à Wincanton d’étendre d’un seul coup ses artivités à la logistique industielle et à des secteurs géographiques - en clair: le continent - qui n’étaient pas encore couverts jusqu’alors. Notons que la division “charges complètes” de P&O Trans European, à savoir P&O Ferrymasters, n’est pas inclu dans la transaction. Le système TIR suspendu en Russie à partir du 25 décembre Ce que l’IRU ne pouvait encore nous confirmer mardi après-midi (Le Lloyd 11/12/2002) est aujourd’hui un fait: le système TIR sera suspendu en Russie à partir du 24 décembre à minuit GMT. Cela signifie qu’après cette date l’IRU ne délivrera plus de carnets TIR à l’organisation de transport routier russe ASMAP. A partir de cette même date et heure, l’association russe ne sera plus autorisée à délivrer ces carnets, que ce soit à des transporteurs russes ou étrangers. Le marché unique n’a pas répondu aux attentes Dix ans après l’introduction du marché unique, les promesses quant à un fonctionnement plus efficace des services logistiques en Europe n’ont pas été entièrement tenues. C’est ce qu’a déclaré Alan G. Waller, le vice-president de Supply Chain Innovation, lors d’un exposé dans le cadre de l’International Logistics Forum à Rotterdam.

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DECEMBER 11, 2002
Leventis boosts Navios Merger creates stronger force in dry bulk market with 45 vessel fleet. Scud ship sails on US frees North Korean vessel with 15 scud missiles concealed under cement cargo. Lithuanian Shipping offloads oldest vessel Timber carrier built in 1974 goes to Cyprus after auction. Greek owners borrow big in 2002 Shipping companies have taken EUR 18.75bn of banks' cash so far this year. BG weighs up shipping options Ship shortage deprives BG's Lake Charles terminal of cargoes. Nordea Bank converts Nomadic debt to equity Banks could still claim shares worth another 23% of Norwegian reefer owner after latest deal. Torch adds Midnight Wrangler US offshore shipowner buys cable-layer from Global Marine. MMM shares surge as steel maker buys in Malaysian Merchant Marine boss Shahrazi Sha'ari is selling shares worth $26m. Golar sure on LNG ship supply balance John Fredriksen's LNG company sees market changes as opportunities rather than risk. Ports disrupted as French fishermen protest "Go-slow" by trawlers over fishing quotas causes rescheduling by ferry operators in English Channel. Prestige "could leak oil until 2006" Sunken tanker could be long-lasting headache for Spain, expert warns. Leif Hoegh develops LNG regas ship Norwegian owner sees pool of secondhand LNG ships. Prestige master's latest appeal fails Apostolos Mangouras faces more weeks in jail after bid to reduce bail bill turned down. Burst pipe to blame for VLCC loading delay Initial reports of explosion aboard MOL ship at Zhoushan wide of mark. ST Eng to complete US contracts Singapore firm agrees to finish two contracts at US subsidiary contracted prior to acquisition. Pollution in UK waters down in 2001 Marine & Coastguard Agency says number of incidents down by 8.7% on a year earlier.