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Shipping News

Pacific Carriers sees higher bulk freight rates next year
PACIFIC Carriers Ltd is confident of an upturn in dry bulk freight rates beginning next year, confirming it has just signed 'competitive' long term charters for 10 additional panamax bulker newbuildings.
US clears Liberia-flagged ship's cargo
APLL sets up joint venture in Venezuela
The post-Erika scene
Blaze on board ship off UK coast under control
Salvors fight to avert eco-disaster in S Africa

Air and Land Transport

Shanghai Airlines launching IPO to raise 1b yuan
SHANGHAI Airlines Co Ltd, China's sixth largest carrier by traffic volume, will launch a domestic IPO on Thursday to raise a net 1.032 billion yuan to buy five aircraft.
10b yuan expansion for Pudong airport
Worldwide air traffic may grow only 1%
jetBlue's live TV helps build passenger traffic
Merpati grounds ageing planes
Log Book

Features

New era for maritime safety
Q: Do the European Commission proposals bring any good news for the shipping industry?

web site

Shipping News

Pacific Carriers sees higher bulk freight rates next year
PACIFIC Carriers Ltd is confident of an upturn in dry bulk freight rates beginning next year, confirming it has just signed 'competitive' long term charters for 10 additional panamax bulker newbuildings.
US clears Liberia-flagged ship's cargo
APLL sets up joint venture in Venezuela
The post-Erika scene
Blaze on board ship off UK coast under control
Salvors fight to avert eco-disaster in S Africa

Air and Land Transport

Shanghai Airlines launching IPO to raise 1b yuan
SHANGHAI Airlines Co Ltd, China's sixth largest carrier by traffic volume, will launch a domestic IPO on Thursday to raise a net 1.032 billion yuan to buy five aircraft.
10b yuan expansion for Pudong airport
Worldwide air traffic may grow only 1%
jetBlue's live TV helps build passenger traffic
Merpati grounds ageing planes
Log Book

Features

New era for maritime safety
Q: Do the European Commission proposals bring any good news for the shipping industry?

web site

Shipping News

Pacific Carriers sees higher bulk freight rates next year
PACIFIC Carriers Ltd is confident of an upturn in dry bulk freight rates beginning next year, confirming it has just signed 'competitive' long term charters for 10 additional panamax bulker newbuildings.
US clears Liberia-flagged ship's cargo
APLL sets up joint venture in Venezuela
The post-Erika scene
Blaze on board ship off UK coast under control
Salvors fight to avert eco-disaster in S Africa

Air and Land Transport

Shanghai Airlines launching IPO to raise 1b yuan
SHANGHAI Airlines Co Ltd, China's sixth largest carrier by traffic volume, will launch a domestic IPO on Thursday to raise a net 1.032 billion yuan to buy five aircraft.
10b yuan expansion for Pudong airport
Worldwide air traffic may grow only 1%
jetBlue's live TV helps build passenger traffic
Merpati grounds ageing planes
Log Book

Features

New era for maritime safety
Q: Do the European Commission proposals bring any good news for the shipping industry?

	web site

New intercontinental service launched by mainline operators TSA member lines to raise Panama Canal fees Schenker opens in West Africa MOL releases environmental report 2002 Sea-Land building to be demolished Hactl.com web site revamped Continental Micronesia names Erwin president and CEO Delta cancels Americas flights

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SEPTEMBER 16, 2002
UPS fuel surcharge rate: 0.75 per cent UPS is to raise its fuel surcharge from 0.75 percent to 1 percent, effective Oct. 7. Brazilian state aid to Varig Varig is to become the main beneficiary of a $320 millioen rescue plan from the Brazilian government directed at the loss-making airline sector, by means of tax breaks and a debt pardon. Hong Kong cargo up 24 per cent Hong Kong International Airport said it handled 24 per cent more cargo in August from the same month last year, bolstered by rising exports, to a volume of 208,000 tons. Rotterdam and mr. Bush so happy with each other The American ambassador in The Netherlands, C. Sobel, praised Mayor Opstelten on behalf of President Bush for this collaboration. DHL signs leading Indian express company Blue Dart, India's biggest domestic express company, has shifted its international partnership from FedEx Corp. to DHL Worldwide Express. Australian Airlines launched for Asian market Australian Airlines, a no-frills international carrier owned by Qantas, was officially launched yesterday to service Japanese and other Asian routes once determined as too unprofitable for its parent.

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Kailesh D. Kapadia elected new ASAA President Govt wants SCI to remain in Indian hands for 3 years after sell-off Exports get off to impressive start exceeding 12 pc target in April-May Jewellery exports rise by 25 pc in April-Aug.ucts branded M. A. N. Swamy takes over as Senior Manager, CT, JNPT Concor expanding ICD-Sanathnagar in Hyderabad, adding facilities Forex reserves up by $ 480 million to $ 61,515 million Asean-India task force to draw up blueprint for trade & economic ties Banks told to accept tax challans sans PAN Coir Board chief sees good scope for exports to LatAm nations Diesel, petrol prices hiked Livestock feed sector seeks better deal RBI may allow gold hedging by jewellery exporters Spices Board against AEZ for chillies at Guntur Wheat exports projected at 5 mt in 2002-03 Airports privatisation just a Cabinet nod away Cidco invites EoIs to develop Navi Mumbai SEZ 12-yr period for AEZ units to meet obligations under EPCG Sops vital for SEZs' viability: IDBI report New markets for autos, parts identified India wins hessian patent case Guidelines liberalised for raising ECBs Price stabilisation fund for tobacco mooted IMC organises talk on 'Future of Reforms' Taiwan business team coming on Oct. 3

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SEPTEMBER 16, 2002
TWI values for September now available Daily Bunker market report from Praxis Energy Agents (Monday) ExxonMobil has new supply on US Gulf Coast Grounded vessel's fuel tanks leaking near South African nature reserve Analysts expect OPEC quota increase Firm opening in Rotterdam today OPEC repeats promise to make up for supply shortfalls Brazil bunker price update Daily Bunker market report from Praxis Energy Agents (Friday)

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SEPTEMBER 16, 2002
Big Sky Airlines will serve Olympia Regional Airport US Rail freight traffic makes gains during week Corp sets winter lockage times for recreational traffic at Columbia locks Machinists union accepts new contract with Boeing Port of Seattle says no to ferry KALAKALA berth plan

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SEPTEMBER 16, 2002
Kisumu Depot to Waive Tariffs for Rwanda

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Protest greets UK nuclear shipment's return TWO flotillas of yachts organised by environmental campaign Greenpeace confronted two nuclear carriers off the coast of northwest England yesterday. Reinsurers turn terrorism screw on cruise industry MARINE reinsurers are set to exert new pressure on cruiseship owners and operators in a sector already desperately short of capacity to cover extreme risks. IMO faces call for port state control powers to bar ships PORT state control officers should have powers to prevent foreign vessels considered a security threat from entering port. DNV picks surveyors for specialist training DET Norske Veritas will have dedicated security surveyors in place by the time proposed new international requirements pertaining to ship/port security gain legal effect, writes Aline De Bievre.

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SEPTEMBER 16, 2002
Wärtsilä closer to propulsion goal Terrorism could cripple P&I sector Pension scam evidence emerges US deepens TSA investigation Asian cotton exports to slump Polluting bulker released in Canada Fire closes Brazil oil terminal Al-Najat re-appears in India 'Unfit' ship leaves Amsterdam USWC talks begin again today Controversial oil shipments resume Ballast Nedam gives up share fight Rodriquez acquires Intermarine Rubino to be sunk or scrapped Strong Gulf trades to absorb WRP Iraqi cargo slide on war fears Precious pulls out of port venture Shenzhen ports catch up with HK Carmela relatives seek justice IMO group chairman to lead Ausmepa Dutch stevedores reach agreement Damen breaks silence over subsidies Channel freight service rumoured Russia raises methanol stakes Beck still at MBW P&O Nedlloyd to invest in Busan MISC scotches liner rumours Samho yard strike ends Thailand to promote national fleet

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SEPTEMBER 16, 2002
FMC demands info from carriers The order is part of the Federal Maritime Commission's investigation of trans-Pacific carriers' practices related to this year's eastbound service contracts. Ship sails to Va. after radiation scare The Hanjin vessel discharged its cargo of tiles on Saturday in New York. The ship is expected to arrive in Norfolk later today. US Chamber rips China Post The China Postal Service's attempt to regulate foreign express carriers violates its obligations under its accession to the World Trade Organization, according to a report assessing China's progress in opening its economy since joining the WTO. New Lykes service to link US Gulf, Central and South America TNT extends Clinical Trials Network CSX World Terminals venture orders container cranes Japanese shipyards expect merger to yield savings Exel names Mark Johnson VP of finance Alitalia resists raising rates Correction UPS raising fuel surcharge Lines pass on Panama Canal increases BAA cargo gains in August Airborne Express to increase fuel surcharge

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Le port d’Anvers s’adresse au marché financier à concurrence de 125 mio.d’EUR Son statut d’entreprise communale autonome le lui permettant, l”Entreprise portuaire anversoise va se lancer dès ce jour dans un programme de trésorerie, qui consistera à émettre dès ce lundi sur le marché, des certificats de trésorerie (thesauriebewijzen), ce qui peut aller à concurrence de 125 mio. d’euros, soit plus de 5 mia. de BEF. L’opération est prévue en plusieurs phases selon les besoins. Swiss réalise au premier semestre un CA nettement supérieur aux prévisions Swiss a noté au premier semestre 2002 un chiffre d’affaires de 1.754 millions de CHF, bien plus que les 1.209 millions qui avaient été prévus dans le business plan. La perte s’élève à 447 mio. de CHF. Une nouvelle convention collective a été conclue avec le personnel de cabine, mais pas encore avec les pilotes. Schmitz Cargobull veut s’octroyer 25% du marché européen de la semi-remorque Le constructeur allemand de semi-remorques Schmitz Cargobull a confirmé à Hanovre être particulièrement ambitieux, réitérant son objectif, qui est de s’octroyer 25% du marché de la semi-remorque d’ici l’année compable 2004/2005. Pour l’instant - et ce malgré la dépression de son marché national - il est à un peu moins de 18%. Il continue à progresser de manière continue: pour l’année comptable écoulée (clôturée au 31 mars 2002), son CA a augmenté de 12,5% à 735,8 mio. d’EUR. Le contracting et les services financiers maintiennent AvH hors du rouge Le groupe de services Ackermans & van Haaren (AvH) a clôturé le premier semestre sur un résultat net consolidé de 18,2 millions d’EUR. C’est considérablement moins (-62,5%) qu’au cours des six premiers mois de l’an passé, même si les résultats du secteur du contracting (activités de dragage et de construction) ont doublé. Malgré les bons résultats de DEME et les prestations satisfaisantes dans le secteur financier, le résultat pour l’ensemble de l’exercice 2002 sera également en net recul par rapport à 2001, à moins que d’importantes plus-values (inattendues) soient encore réalisées.

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SEPTEMBER 16, 2002
HMM fires top executives New CEO Noh wastes little time in stamping his authority on financially troubled Korean shipping firm. Improving but still failing Hull insurance chief John Hickey delivers tough verdict as underwriters gather in New York. Swiss Re veteran for IUMI Fritz Stabinger to run marine underwriters association. Wester Till burns on Fire-fighters continue to fight flames onboard German ro-ro containership. Tung family inspect cruiseships Hong Kong owner takes an interest in two vessels but intentions remain unclear. Bimco steps up protest against US crew crackdown Maritime council chiefs to meet immigration and coast guard officials in Washington. Ventspils Nafta sell-off on hold No moves to privatise terminal operator which controls Latvian Shipping until at least November. Protestors dog nuclear fuel ships Environmental campaigners Greenpeace lead flotilla to track two nuclear fuel carrying vessels as they near the UK coast. Wartsila splashes out on JMC Marine Finnish ship-engine maker lines up Danish swoop days after warning of 360 temporary redundancies. Jordan National Shipping Line slips back into red Middle East container line's earnings dip $120,000 in first half of 2002. Management shake-up at Valles John Koo (right) resigns as brothers David (left) and Eric reinstated at Hong Kong owner. Varna back up for grabs Navibulgar ready to relinquish control of Bulgarian shipbuilder, five months after buying it. Shi departs Cosco Pacific Sun Jiakang named new boss of Hong Kong-listed container leasing and port operator. Arison confident of FTC approval Carnival boss believes US anti-trust authorities won't block his takeover bid of P&O Princess. Grounded Jolly Rubino to be refloated Situation "critical" for burning Italian ro-ro off South Africa, as salvage team fears break-up.