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Shipping News

Asean sets up sea piracy task force
THE regional fight against maritime piracy and armed robbery has been given a boost with the formation of a sea piracy task force by the Association of South-east Asian Nations .
Patrick Corp buys 50% of Virgin Blue
Gas tanker Pak One back at sea-bottom
Owner of sunken Greek ferry faces probe
RCL deploys new vessel
Global slowdown, increasing competition tell on HK port

Air and Land Transport

Impact of dive in air traffic to last for years
THE impact of the dramatic drop in US air traffic due to the combined wallop of recession and the Sept 11 hijack attacks will be felt well into the next decade, the US government planned to announce.
Boeing creates chairman's office as No 2 retires
Lufthansa operating profit nosedives
FAA orders inspection of Airbus tail fins
FedEx ditches Andersen; Ernst & Young to take over
Log Book

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Shipping News

Asean sets up sea piracy task force
THE regional fight against maritime piracy and armed robbery has been given a boost with the formation of a sea piracy task force by the Association of South-east Asian Nations .
Patrick Corp buys 50% of Virgin Blue
Gas tanker Pak One back at sea-bottom
Owner of sunken Greek ferry faces probe
RCL deploys new vessel
Global slowdown, increasing competition tell on HK port

Air and Land Transport

Impact of dive in air traffic to last for years
THE impact of the dramatic drop in US air traffic due to the combined wallop of recession and the Sept 11 hijack attacks will be felt well into the next decade, the US government planned to announce.
Boeing creates chairman's office as No 2 retires
Lufthansa operating profit nosedives
FAA orders inspection of Airbus tail fins
FedEx ditches Andersen; Ernst & Young to take over
Log Book

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New joint transpacific and Asia/Europe service P&O Nedlloyd reports fourth quarter loss South African port costs to increase Savannah moving at record pace Qantas restores US service Budget carriers buck the trend South African Airways orders 41 Airbus units Continental Airlines to double Guam frequency ACI appoints director general

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MARCH 12, 2002
Lufthansa net loss, but operating profit over 2001 New joint service K Line and Yang Ming Exel announces '600 million contract in 2001 Exel profit up FedEx drops Arthur Andersen US airlines with terrorism risk insurance

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Maersk Sealand's costs incurred at foreign ports vis-a-vis Indian ports Pisces Container Lines opens office in Jaipur India to remain top cashew exporter Textile industry may import 20 lakh cotton bales Hefty 120 pc rise in oilmeals exports Pepper exporters hold prices up despite falling demand Chennai Container Terminal creates new records Kolkata Port Trust awarded ISO 9002 certification Consortium of ULA & DPA secures VPT container terminal deal - Green signal from MoS A. K. Gadkari takes over as Chief Manager (Ops) at KPT's Vadinar OOT FFFAI to hold joint partnership summit with Malaysia, Singapore Forex reserves: Onward March continues Exim policy to chart out course of export-led growth: Maran Fin. Minister gives garments sector a booster dose Govt invites private participation in petrol, diesel marketing Textile Ministry to seek hike in silk import duty China invites Indian investors in IT, Pharma Forex reserves up by $ 299-m Bank credit moves up Karnataka planning to abolish ST on cotton Leather export may fall by 4 pc Enlightening interactive session on franchising held New software 'Visual Impex' launched by Softlink

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MARCH 12, 2002
Mixed IEA report on oil supply and demand Large price changes seen in Argentina this week Chile market report from Pacsa Montevideo and Alpha Zone market update OPEC crude basket back in target range Mediterranean distillate prices sharply higher today More bunker corruption convictions in Singapore, another company mentioned Bunker price update from Russian ports Morning report from Marine Bunkering

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MARCH 12, 2002
DNV classes Norwegian Coast Guard icebreaker KV Svalbard is the first Norwegian arctic coast guard vessel with icebreaking capabilities California issues terminal security regulations California's State Lands Commission has issued Emergency Physical Security Regulations for Marine Oil Terminals. U.S.-flag tug sold Marcon International, Inc. reports the sale of the 7,200 bhp, U.S.-flag twin screw tug Gulf Commander by TT Boat Corporation of New Orleans to Hawaiian Inter-Island Towing, Inc. of Honolulu, Hawaii.

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Blair summit move to tighten tunnel security BRITISH prime minister Tony Blair is likely to raise the issue of Channel Tunnel security with his French counterpart at this weekend's EU summit in Barcelona in a bid to stem the flow of illegal immigrants exploiting the rail link between France and the UK. Klironomos faces charges on Express Samina tragedy ONE of the Greek ferry industry's best-known figures, Costas Klironomos, is due in the Aegean island of Syros today to answer criminal charges stemming from the fatal sinking of the Express Samina. Union Transport and FT Everard link dry bulk fleets A dry cargo fleet of 36 small ships operating in the shortsea trades is to be formed by a joint venture between Bromley-based Union Transport Group and the dry cargo division of FT Everard.

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MARCH 12, 2002
Discounts bring cruise rebound HK port bureaucracy under fire Silversea focuses on Singapore Greek dockers to strike on March 14 Cargo imbalance prompts rate hike Hellenic doubts after HDW sale US bank takes over HDW Second firm NW Shelf contract US ally wins steel concession Superfast V gears up for speed Izar 'not worried' by EC probe Dredging tenders 'a mockery' Karachi slashes transhipment fees Yukos to invest at Vostochny Hanjin HI head resigns Columbia River deepening questioned Belgian owners herald new register Patrick spreads its wings CSX Lines for sale

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MARCH 12, 2002
Cargo security? We're working on it, says federal trucking administrator Six months after the attacks of Sept. 11, logistics executives are puzzled by the government's patchwork approach to terrorism. U.S. airlines lost $7B in 2001 A $5 billion government bailout wasn't enough to counter the collapse in air travel late last year. Analysts: Asia freight growing A slew of factors is working in favor of the air and sea sectors. Eleven charged in L.A. cargo theft rings New online NVOCC Kuehne & Nagel expands Australia warehousing Former Schenker executives open consulting firm Rail execs meet over Chunnel closing China Southern to add Oakland cargo call: Official UPS, Teamsters, to resume talks Pakistan war charge cut; Sri Lanka unchanged UPS unit again tops Ex-Im Bank loan list

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Strasbourg dans l’attente de la relance d’une navette ferroviaire sur Anvers A Strasbourg, les attentions sont actuellement concentrées sur la perspective du deuxième terminal à containers fluvial, qui sera accessible à de plus grandes unités; toutefois, cela n’empêche pas certains milieux professionnels de s’intéresser à d’autres modes de transport que la containérisation fluviale. Ainsi, d’aucuns souhaitent la relance d’une navette ferroviaire de et vers Anvers. Il y a un potentiel de fret suffisant, nous a-t-on dit. Le bénéfice net de Thiel Logistik fait un bond de 107% L’entreprise logistique luxembourgeoise Thiel Logistik a réalisé l’an dernier une hausse du bénéfice net de 107% à 46,6 mio. d’EUR. Le chiffre d’affaires a progressé de 101% à 901,7 mio. d’EUR et le bénéfice d’exploitation de 109% à 65,1 mio. d’EUR. Cette forte expansion a principalement été nourrie par des opérations de reprise. La division HealthCare-Logistics a le plus progressé. Une augmentation de capital qui vient d’être annoncée devrait permettre à la division de poursuivre son développement. Tibbett & Britten reprend le logisticien mexicain Dimalsa Le groupe logistique britannique Tibbett & Britten, qui a augmenté son bénéfice d’exploitation de 10% en 2001, a conclu un accord de reprise avec le mexicain Dimalsa. Deux importants contrats logistiques pour le marché nord-américain ont en outre été passés avec le fabricant de biens de consommation Procter & Gamble. Les ports chinois ont noté une croissance raisonnable en 2001 Dans ces temps sombres pour l’industrie maritime, la Chine est à peu près le seul point lumineux. Le transport maritime vers ce nouveau membre de l’OMC a sensiblement progressé l’année dernière et devrait poursuivre sur son élan cette année. C’est ce qui ressort des volumes traités dans les ports chinois en 2001.Le volume global a augmenté de près de 15%. Le trafic containérisé a noté une croissance à deux chiffres dans tous les grands ports.

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MARCH 12, 2002
VessEx offers vessel extractions The newly formed company may start cracking its first case within the next few days. EC backs tax aid for shipping Denmark and Finland given go ahead for fiscal deals to support maritime sector. Shareholders OK Phillips-Conoco merger The next obstacle will be gaining approval from the US antitrust regulators. Tallink threatens to pull three ferries Estonian owner will run only two fast ferries from Tallinn to Helsinki if duty-free axed. Intermarine reflags ship to US The heavy lift cargo transportation firm is preparing to secure US government business. Greenpeace loses timber battle Mahogany cargo discharged but campaign group warns fight continues. Buchanan outlines fleet expansion James Fisher boss Angus Buchanan knows time is of the essence for tanker fleet renewal and growth. ENSCO cuts earnings estimates A deepwater rig's downtime will shave 3 cents per share off the firm's first quarter earnings. Varna Shipyard details auction plan Bulgarian yard opts for public sell off and sets kick off price. HMM & Wallenius Wilhelmsen talking high price Would-be car carrier sellers talking bigger bucks than estimates, but price baffles market. Frontline staff cash in Eight employees and Norwegian taxman split a $510,000, share payout. New tankers needed at James Fisher UK owner will buy or charter more ships to meet demand as it posts improved profit figures for 2001. Stravelakis loses war risk battle Insurers rejection of $8m claim from loss of cocaine ship Kleovoulos of Rhodes upheld. Battle resumed for Frank Chao funds A Japanese trading house's fight to retrieve $6m lost in a failed tanker newbuilding deal is back on. Intra-Asian carriers to lead liner recovery Operators who reined in costs and capacity will be earliest beneficiaries of recovery, says UBS Warburg. Neptune Shield: America's new war on terror Six months on from the terrorist attacks in the US the Coast Guard is enhancing its maritime security. MISC bulker among 26 held by Japan Defective lifeboat batteries see Malaysian panamax bulker held for three days.