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Hutchison sells stakes in 4 HK, mainland terminals
HUTCHISON Whampoa has been quietly selling off stakes in four of its Hong Kong and mainland Chinese container terminals, fuelling speculation that it may have done so in order to appease Beijing's concern over its mainland port dominance.
Sri Lanka's trade hard hit by war risk surcharges

Air and Land Transport

Death toll rises to 119, flight captain alive
THE South Korean Cabinet has ordered thorough checks of air, land and sea transport safety as well as medical centres so the 'World Cup and other imminent international events can be carried out without a hitch'.
US airlines fail in bid to raise leisure fares
Emirates seeks more flights from Manila
Port Authority of NY has recovered from Sept 11: Moody's
Air France aims for operating profit this year
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Features

Planes left high and dry
AAUS Airways Boeing 737 glides across the California desert sky before making its final approach and landing at the sprawling Mojave Airport in a remote area about 160 km north of Los Angeles.

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Shipping News

Hutchison sells stakes in 4 HK, mainland terminals
HUTCHISON Whampoa has been quietly selling off stakes in four of its Hong Kong and mainland Chinese container terminals, fuelling speculation that it may have done so in order to appease Beijing's concern over its mainland port dominance.
Sri Lanka's trade hard hit by war risk surcharges

Air and Land Transport

Death toll rises to 119, flight captain alive
THE South Korean Cabinet has ordered thorough checks of air, land and sea transport safety as well as medical centres so the 'World Cup and other imminent international events can be carried out without a hitch'.
US airlines fail in bid to raise leisure fares
Emirates seeks more flights from Manila
Port Authority of NY has recovered from Sept 11: Moody's
Air France aims for operating profit this year
Log Book

Features

Planes left high and dry
AAUS Airways Boeing 737 glides across the California desert sky before making its final approach and landing at the sprawling Mojave Airport in a remote area about 160 km north of Los Angeles.

web site

Shipping News

Hutchison sells stakes in 4 HK, mainland terminals
HUTCHISON Whampoa has been quietly selling off stakes in four of its Hong Kong and mainland Chinese container terminals, fuelling speculation that it may have done so in order to appease Beijing's concern over its mainland port dominance.
Sri Lanka's trade hard hit by war risk surcharges

Air and Land Transport

Death toll rises to 119, flight captain alive
THE South Korean Cabinet has ordered thorough checks of air, land and sea transport safety as well as medical centres so the 'World Cup and other imminent international events can be carried out without a hitch'.
US airlines fail in bid to raise leisure fares
Emirates seeks more flights from Manila
Port Authority of NY has recovered from Sept 11: Moody's
Air France aims for operating profit this year
Log Book

Features

Planes left high and dry
AAUS Airways Boeing 737 glides across the California desert sky before making its final approach and landing at the sprawling Mojave Airport in a remote area about 160 km north of Los Angeles.

	web site

XICT boosts handling capacity Shanghai maiden call for Delmas European Shippers' Council names new Secretary General K Line shakedown IMRA urges US to promote, not restrain, Singapore trade Pacific Northwest megaterminal opens at Port of Seattle Tropical Shipping takes on Tecmarine service Airlines' heavy losses not just due to terrorism: IATA DHL Airways signs with Boeing's SBS International CommerceQuest solution for web trading groups

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APRIL 16, 2002
Transpacific vessel capacity resumes growth Total vessel capacity supply by ocean carriers on the transpacific trade has started increasing again, according to a report released this week by ComPair Data, a global ocean shipping research and information technology firm. Airfreight rates declined in first quarter According to investment bank Salomon Smith Barney the biggest drop was on the eastbound trans-Pacific, where rates were down 6.2 per cent, Westbound rates were off 5.3 per cent. Little profit Continental in March Continental Airlines made a pre-tax profit of $25m in March, the airline's first profitable month since the September 11 terrorist attacks. EU may ease Russia jet ban The European Union may soften its ban on noisy Russian jets after Moscow threatened restrictions on EU airlines. Elite International customer of Inttra Inttra announced that Elite International Transportation Inc. (www.eliteint.com) has joined its global logistics network. Iberia up after loss reduction Shares of Iberia rose almost 7 per cent after the Spanish carrier reported a large reduction in operating losses for the first quarter as capacity cuts coupled with rising demand lifted its occupancy rate to 69.8 per cent.

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MoS move to convert TAMP into appellate tribunal faces legal hurdles City Transport Syndicate receives coveted ISO 9001:2000 certificate Maersk Logistics sets up operations in Tirupur Essar transfers Suezmax tanker to ETI in bid to become global SCI advised to defer major investment plans Aban Loyd, Qatar Shipping to jointly bid for SCI stake Role for CIWTC in Indo-Bangla pact upsets E. shippers India & Croatia agree to take measures to promote bilateral trade relations New policy may allow Mumbai, Kolkata ports to sell excess land Govt to build IWT cargo terminal on Ganga bank Hutchison Whampoa likely to acquire stake in Mumbai Port FDCA spells out deb. redemption reserve norms Airports leasing move evokes excellent response from potential bidders Validity of status certificates for trading houses extended Double tax avoidance treaty not to be changed: Mauritius Dy PM Industrial output up by 2.6 pc in 11 months of 2001-02 Chinese-style hardware policy likely Furniture show nets Rs 50 cr. deals Garment exports total Rs 21,085 cr. Ficci finds fault with abatement rates, seeks review panel

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APRIL 16, 2002
Weekly bunker reports from Argentina Mixed API forecasts Oil stays firm on refinery trouble, no progress in Middle East peace process Chile market report from PMC Bunker prices from Russian ports this week Piraeus market report from Aegean CGES calls for more OPEC oil in Q2 to prevent prices from soaring Rotterdam morning market report

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APRIL 16, 2002
Arlog: streamlining forces Davies Turner intensifies Poland service DFDS Transport has big plans Spoornet restructures Higher freight tariffs on South Africa's rails New operator for Zambia Railroads Russia's reforms stopped? Good results for Expeditors Danzas for Evans & Sutherland Schenker joins GF-X

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APRIL 16, 2002
Torch Offshore takes delivery of Midnight Express Torch Offshore, Inc. has completed the purchase of the Smit Express from Smit International Statoil takes stake in new deepwater technology Norway's Statoil has taken a 12 per cent holding in Atlantis, a Norwegian company with a patented technology for deepwater drilling and production Canal Boats launches its fourth Canal Boats. Inc., Ft Lauderdale, Fla., has launched the Michele, a hybrid-electric small ferry utilizing a steerable drive system able to run on batteries or on power from a biodiesel-fueled generato

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Italian transport grinds to a halt as workers back strike ITALY'S transport system stood still for eight hours yesterday as workers gave support in large numbers to the country's first general strike in two decades. Hutchison sells stake to mystery investors HUTCHISON Port Holdings has surprised the shipping market by selling a percentage of its stake in four mainland ports and in Hong Kong to a number of shipping lines. Call to name and shame shoddy ship associates THE names of charterers and classification societies, insurers and mortgagee banks, associated with shoddy shipowners and high-risk registers should be widely publicised as part of a concerted industry effort to improve its dismal safety record. Industry backing for new awards scheme The Lloyd's List-SMM 2002 Awards scheme - launched last month to recognise innovation in shipbuilding and marine technology - has attracted immediate support from major sponsors.

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APRIL 16, 2002
US to add more in revenue net Oil production rises in Venezuela Bandar Abbas privatisation shelved Finance sought for mega cruise ship Panama to impose new security fee Strike paralyses Indian ports Indian ports paralysed Cabotage laws may be relaxed EU waste directive 'is a headache' US border agreement announced Alaska bill faces stiff opposition ChemPool expansion delayed Gas carrier operator sells out Dover plans major expansion Toll acquires BHP stevedoring Ro-ro casualty under tow Coast guard denies cover-up Bulker damages Kembla terminal Finnish tonnage tax bill nearer UN highlights N Korean food crisis Lines impose revenue recovery hike Yard workers to give final warning Indonesian ship rescued HK terminals anticipate decline Korea unveils mega maritime plans Island View set for bulker charge

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APRIL 16, 2002
Get your container act together! The president of Canadian National Railway urged the Port of Halifax to improve its handling of containers or risk losing business to competing Atlantic coast ports in the United States. Triestino, CMA CGM in slot deal The carriers will share container slot space in trans-Pacific service in a deal that will not increase capacity in the trade. Trade groups oppose House security bill Alameda Corridor off to fast start China Southern will add cargo planes, develop hub Strike halts Italy transport Inttra signs Elite for portal, PN Kuehne & Nagel opening high-tech hub in Mexico Hong Kong airfreight operator extends direct China service Increase for Panama Canal box traffic EU may ease Russia jet ban Airfreight rates declined in first quarter

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APRIL 16, 2002
Hornbeck-Leevac eyes IPO The US offshore supply vessel company has grown steadily in the past five years. Panama Canal Authority to levy new fee The new fee will be used for upgrading security in the canal. Great Lakes operators facing slowdown US-flagged iron ore shipments fell by 35% or about 1m tons in March. Torm berths at Nasdaq US listing could help fund takeovers but newbuilding plans now uncertain. TEN agrees time charters Double tanker deals give Tsakos Energy Navigation a boost. Tanker loading still slow in Venezuela Normal oil exports and production may resume within a week. Vela fails period VLCC Charterers wield upper hand on large tanker period business as market gloom continues. Wilh Wilhelmsen chief to head Statoil Leif Terje Loddesol to switch to chairmanship of Norwegian state oil company. B&N ro-ro suffers fire Vessel laden with vehicles under tow to France after engine-room blaze in English Channel. Grounded Great Lakes bulker freed The accident halted vessel traffic in the St. Marys River Monday. Brodosplit logs loss Croatian yard blames poor figures on hangover from earlier management. Fred Olsen bites Belfast bullet Norwegian owner to make substantial write-down on Harland & Wolff asset value. Parliamentary punter eyes Fesco stock Sergei Generalov circles controlling stake in Russia's Far Eastern Shipping Co. Andersen bullish on tanker revival Platou's Erik Andersen predicts second half recovery. CSX Lines gives up on Navieras Sea Star Lines will complete take over of Navieras assets by end of April. Behn steps down from Intertanko Erik Behn leaving tanker body's executive board, after resigning as Torm chairman.