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Speed up probe of Limburg explosion, IMO urges
INTERNATIONAL Maritime Organisation secretary-general William O'Neil has appealed to both France and Yemen to urgently release investigation findings into the apparent terrorist attack on an oil tanker off Yemen, and advise on security legislation.
Happy ending to Master Cody saga
Deloitte & Touche to audit Liberia register's revenue
British warship gets whale of a welcome in Sydney

Air and Land Transport

Delta defers jet delivery after US$326m Q3 loss
DELTA Air Lines Inc deferred delivery of 29 Boeing Co jetliners and plans to lay off more workers after the No 3 US airline's third-quarter loss widened to US$326 million.
American Air crash probe to focus more on pilot training
Qantas jet continues flight after turbulence injures 12
Malaysia to have another airline
HK, US holding Pacific air talks
CAL gets nod to invest in China Eastern cargo unit
Log Book

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Shipping News

Speed up probe of Limburg explosion, IMO urges
INTERNATIONAL Maritime Organisation secretary-general William O'Neil has appealed to both France and Yemen to urgently release investigation findings into the apparent terrorist attack on an oil tanker off Yemen, and advise on security legislation.
Happy ending to Master Cody saga
Deloitte & Touche to audit Liberia register's revenue
British warship gets whale of a welcome in Sydney

Air and Land Transport

Delta defers jet delivery after US$326m Q3 loss
DELTA Air Lines Inc deferred delivery of 29 Boeing Co jetliners and plans to lay off more workers after the No 3 US airline's third-quarter loss widened to US$326 million.
American Air crash probe to focus more on pilot training
Qantas jet continues flight after turbulence injures 12
Malaysia to have another airline
HK, US holding Pacific air talks
CAL gets nod to invest in China Eastern cargo unit
Log Book

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TACA issues US west coast port congestion surcharge Specialised freight trading centre launched in Shanghai Brennan introduces online Track It system Famous Pacific appoints new agents in Spain and Portugal Thursday, Delta's third quarter losses larger than 2001's at US$326m Swiss changes offerings with introduction of winter schedule Descartes buys remaining interest in Tradevision

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OCTOBER 16, 2002
Atlas Air mistakes with financial reporting Atlas Air Worldwide Holdings announced that it will initiate a re-audit of its financial results for fiscal years 2000 and 2001. Ocean World Lines with Inttra Inttra announced the completion of its integration with Ocean World Lines, one of the world's largest full container load (FCL) non-vessel operating common carriers (NVOCC). IMB calls for armed escorts for tankers The International Maritime Bureau (IMB) has appealed to governments and port authorities to declare tanker approach lanes 'no-go' zones for unauthorised craft and to enforce the ban by offering armed escorts in the form of heightened naval and police patrols. New Deltacargo.com site Delta Air Logistics, the cargo division of Delta Air Lines introduced Deltacargo.com, its new Internet-based booking solution that allows cargo customers to handle their United States bookings online. China Airlines raises 2002 profit target Taiwan's largest carrier China Airlines raised its 2002 pre-tax profit target by 57 per cent yesterday thanks to a strong cargo business and low interest rates. United seems headed for bankruptcy United is in a worse position, Financial Times argues. 'It wasted valuable time over the summer by not acting swiftly enough on costs. Instead, Jack Creighton, then chief executive, played down bankruptcy talk, failing to convince workers of the urgency for them. Only belatedly did he demand more brutal cuts after United's application for a $1.8bn federal loan was turned down in August.' US dockworkers file complaint Union ILWU fired the first legal volley since West Coast ports were re-opened when it filed a worker shortage complaint against shippers at the Ports of Los Angeles and Long Beach.

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Liquid cargo transport specialist VOTG tests Indian waters Lanka buys 6,000 tonnes of sugar from India Medicinal plants trade estimated at Rs 5,500 cr. MbPT skilfully unloads 2 RTGCs within 24 hours 10th plan draft allocates Rs 27,600 crore for Railways Airlines offer up to 40 pc discount on business class fares Service providers granted import duty relief under EPCG scheme India convinces Codex panel to accept canned fruit norms Time ripe for US FDI flow into India: Blackwill Speakers express divergent views on labour panel report Singapore companies sign MoUs to build 2 malls in Mumbai, IT complex in Hyderabad Central Silk Board in for overhaul CIMIA formed in Goa to tackle coastal shipping problems - Move to unite fragmented industry Commerce, Finance Ministries confer on removal of SAD on DEPB imports Gist of public notices/circulars/notifications - Compiled By M. Sreedharan Need to harmonise Mumbai transport network stressed

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OCTOBER 16, 2002
US Gulf witnesses high demand US holds tanker market key Daily Bunker market report from Praxis Energy Agents (Wednesday) Iraq's crude exports down again Fujairah prices rise again on the back of bullish Platts Norway: Bunker move High prices smother demand in Istanbul Market on a knife edge even as API shows solid crude build Canary Islands: Prices hold steady Tokyo avails improve as domestic market learns to share Gibraltar: Demand high and prices firm Oil eases as storm threat abates, OPEC quota busting continues Daily Bunker market report from Praxis Energy Agents (Tuesday) Saudi price changes, avails OK Avails normalise in Montreal Argentina market update

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OCTOBER 16, 2002
Ocean World Lines Targets Productivity Improvements with INTTRA Solution Tougher noise requirements for aircraft Swiss WorldCargo BIMCO advising members to evaluate the vulnerability of their ships New road-rail freight terminal for Sheffield granted outline planning Rail traffic Switzerland - Italy Dutch Minister of Transport and Public Works to officially open the Intermodal Summit Passenger Traffic Better than July, But Still Down on 2001

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OCTOBER 16, 2002
First RT-flex60C completes shop trials All test results for Sulzer's latest slow speed engine came up to expectations during shop trials in Trieste "Green Passport" for ships IMO's MEPC has been discussing ballast water management, greenhouse gas emissions--and a "Green Passport" that would accompany a ship from the newbuilding yard to the scrapyard.

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OCTOBER 16, 2002
Port of Olympia releases draft budget for 2003 Crowley Maritime subsidiary launching new articulated tug-barge Washington Public Ports Association looking for award nominations P&O Nedlloyd takes $46 million hit during second quarter of 2002 Coast Guard icebreaker returns to Seattle homeport

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Lloyd's Register sues for damages over new HQ delays LLOYD'S Register of Shipping has launched High Court action against building contractor Sir Robert McAlpine in a dispute over a £70m ($110m). Terror talk dominates Intertanko agenda ESCORTS and controlled entry channels are top of the list of protective measures to be introduced to defend tankers from attack following the explosion on the Limburg, according to the chairman and managing director of Intertanko. German shipping investors get the jitters after Limburg GERMAN shipping investors fear for the safety of their tankers, writes Katrin Berkenkopf in Cologne. Italian flag faces loss of 400 ships as Confitarma urges mass defection ITALIAN shipowner association Confitarma is encouraging its own members to abandon the Italian flag after receiving no support from the government in this year's budget proposals.

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OCTOBER 16, 2002
Italians dismayed by finance bill Paralysis for Parana promise Yet another Philippines collision Subsidy uncertain as cabinet falls Chittagong goes it alone Jordan strengthens Saudi links Owners cannot cover costs alone Qatar extends LNG market presence Chennai hike disappoints users Finnlines shifts to Lubeck Israel foils ship terror plot UAE 'powerless' over Al Najat Yukos trials Murmansk oil shipments DFDS ferry sale interrupts service Israel strike spreads to ports Supercat sheds fleet, staff Gulf yards eye Limburg repair Korean ship orders fall 30 per cent

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OCTOBER 16, 2002
LA dockworkers file NLRB complaint The International Longshore and Warehouse Union fired the first legal volley since West Coast ports were re-opened when it filed a worker shortage complaint against shippers at the Ports of Los Angeles and Long Beach. Hyundai gets $1.05 billion bailout Creditors will finance the purchase of Hyundai Merchant Marine's car transport unit. Slater calls for renewal of TEA-21 this year UPS hoping for U.S.-HK air breakthrough Customs boosts in-house brokerages Atlas Air will restate results Customs schedules trade symposium China Airlines takes stake in cargo carrier Record revenue for USA Truck Ocean World Lines hooks into Inttra Kirby, Coastal merge tank barge fleets Bombardier fires up jet-powered locomotive

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Les armateurs européens contrôlent 41% de la flotte mondiale Une présence renforcée sur les océans et une progression encourageante du short sea shipping, étaient les deux points les plus positifs annoncés par l’European Community Shipowners Association (ECSA) lors de la présentation du rapport annuel 2001-2002. Entre-temps, l’intégration des associations des pays candidats à l’adhésion à l’EU a également été discrètement entamée. Le transport ferré de marchandises a baissé de 2,9% en Allemagne au premier semestre Stinnes, qui vient d’être repris par Deutsche Bahn, a un nouveau président du conseil de direction en la personne de Bernd Malmström, le patron de DB Cargo. Par ailleurs, Hartmud Mehdorn, président du conseil de direction de DB AG et Diethelm Sack, responsable financier de la DB, entrent au conseil de surveillance de Stinnes. Notons aussi qu’au premier semestre 2002, le transport ferré de marchandises a baissé de 2,9% en Allemagne. Flessingue bien déterminé à accroître des parts de marché “Les ports doivent coopérer et s’inscrire dans un concept de réseau en ce qui concerne notamment la containérisation, compte tenu des mêmes conditions dans tous les ports. Cela peut paraître utopique aujourd’hui, mais cela viendra, car les contribuables ne vont plus continuer à entretenir des disparités. Nous faisons tous partie d’un réseau que l’on peut optimaliser et animer pour concurrencer d’autres réseaux”... Jan Philippen, directeur de Zeeland Seaport (Flessingue-Terneuzen) qui occupait mardi dernier la tribune du Propeller Club Anvers, a développé avec enthousiame et réalisme une certaine vision de l’avenir de ce complexe portuaire accroché aux deux rives de l’estuaire de l’Escaut.

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OCTOBER 16, 2002
HMM car carrier unit buyers secure loan Korea Development Bank, Korea Exchange Bank and Citibank will provide a total of $1.05bn in loans. No change at Primorsk Shipping Russian owner rubbishes rumours of significant amounts of shares changing hands. Taiwan Navigation uses option at Oshima Taiwanese owner signs for second bulker at Japanese shipyard. Tsakos gas deal unchanged Greek tanker owner revises Lauritzen joint venture statement. Berlian Laju plans further fleet growth Indonesian tanker owner to buy one ship and charter two others by 2004. Knightsbridge earns bare minimum Poor tanker market locks VLCC owner into floor rate specified in bareboat charter to Shell. North-Western Shipping eyes huge fundraising drive St Petersburg owner plans to generate $500m over next ten years. Resorts World backs Star share issue Cruise company's shareholder will buy any stock not sold in public offer. Ryndam officers subpoenaed Carnival ship's crew must testify before grand jury about wastewater dumping in Alaska.