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Shipping News

Consider potential of natural gas, S'pore urged
CHANGING patterns in energy sources from oil to gas could mean a valuable economic opportunity for Singapore, but only if it is willing to 'think outside the box', said a visiting professor.
Hutchison extends port empire to S. Korea
New Danzas head for HK, South China
Cunard sees potential for European cruise industry

Air and Land Transport

US businesses to help boost airline security
FEDEX Corp, Walt Disney Co and other US businesses will loan executives to the US Transportation Department to help tighten airline security, Transportation Secretary Norman Mineta said.
US govt says airlines ready to check all baggage
Tesna to offer A$270m for Ansett's terminals
Japanese airlines may allow more disabled on board
Turbulence hit Garuda jet before crash: survivors
China Eastern chalks up 12.88b yuan turnover
Crossair to have own cargo unit

web site

Shipping News

Consider potential of natural gas, S'pore urged
CHANGING patterns in energy sources from oil to gas could mean a valuable economic opportunity for Singapore, but only if it is willing to 'think outside the box', said a visiting professor.
Hutchison extends port empire to S. Korea
New Danzas head for HK, South China
Cunard sees potential for European cruise industry

Air and Land Transport

US businesses to help boost airline security
FEDEX Corp, Walt Disney Co and other US businesses will loan executives to the US Transportation Department to help tighten airline security, Transportation Secretary Norman Mineta said.
US govt says airlines ready to check all baggage
Tesna to offer A$270m for Ansett's terminals
Japanese airlines may allow more disabled on board
Turbulence hit Garuda jet before crash: survivors
China Eastern chalks up 12.88b yuan turnover
Crossair to have own cargo unit

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Rates to be restored as carriers see heavy losses ahead Yellow Global strengthens European links BAF to be slashed FWL Technologies moves to new Singapore HQ Hainan Island linked with industrial powerhouses Continental Airlines, KLM launch codeshare flights Ewing set to become BAA finance director Air Afrique files for bankruptcy Air Canada to resume service between Montreal and Reagan

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JANUARY 17, 2002
Huge loss American Airlines Even Continental to book loss Continental and KLM codeshare flights Non-executive director P&O China Eastern's 2001 turnover hit USD 1.56 billion Boeing sued by female workers Hutchison cranes in Felixstowe India port strike

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Anti-dumping duties imposed on EU, Polish rubber exporters Indo-China trade will touch $ 10 bn: Chinese PM DEA recommends steps to achieve 25 pc export growth WTO ruling on US export subsidy vindicates India, EU stands Dholera Port serves notice on GPCB for NOC delay JNPT, MbPT to play role in ballast water plan Another loading record set at VPT Concor (CR) to induct high-speed wagons from April RBI favours more public investment to fuel infrastructure growth RBI set to cut CRR by 3 pc Exim News Service Singapore cos see scope to invest in ports, IT parks Online approval system launched for exporters in Vizag EPZ

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JANUARY 17, 2002
ARA market report: IFO380/IFO180 spread narrows sharply in Antwerp Scandinavian bunker market snapshot Hectic week in Polish ports, Klaipeda OK Balanced bunker market in Tallinn Good avails but some ice problems in St. Petersburg Market review for West African locations South African markets softer today East Africa market review Some tight avails in Italy, Malta OK Quiet markets in Gibraltar and Canary Islands today Piraeus market mixed as some see softer, others firmer trend Firm and quiet market in Istanbul Singapore prices rise after week of reluctant price softening Korean market steady to mixed Mixed market in Japan Hong Kong firms in line with Singapore Rotterdam avails tighten for prompt supply Good avails and strong demand in St. Eustatius

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Liberia ring-fences registry revenue «Bremen Bridge» at Eurogate «MSC Alyssa» visits Le Havre St. Lawrence Seaway Suez Canal income down SAS for Allied Sea Services and FCL Carriers Shanghai overtakes Rotterdam Kalmar signs contract with Manuloc Rickmers reduces BAF

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JANUARY 17, 2002
First Wave set to emerge from bankruptcy First Wave Marine, Inc., which operates five shipyards in the Houston/Galveston area, said today that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

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JANUARY 17, 2002
Port of Olympia welcomes two new firms to Swantown Corps holding public meeting on dredging mouth of Columbia River Coast Guard security unit heading to Guantanamo Bay, Cuba Blue Willi's fashion show heading for Bellingham Port of Portland goes online to fulfill historic requirement

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Sfida sulla Napoli-Palermo La compagnia di Aponte ha comprato due navi della P&O ed effettua un primo test sul cabotaggio Carnival-Princess allo scontro finale

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Lloyd's heralds new era LLOYD'S chiefs have split the insurance market into two sharply opposed camps by unveiling proposals that would change the foundations on which it has operated for 300 years. Riley breaks silence over Markel blast and says 'I'm no mandarin' LLOYD'S chairman Sax Riley has strongly defended the market against charges that its leadership is arrogant and out of touch, writes John McLaughlin in New York. Carnival ups Princess bid CARNIVAL last night raised its hostile offer for P&O Princess by 12% to £3.5bn ($5bn), a day ahead of the British company's self-imposed deadline, writes Tony Gray. Bank gloom over P&O profit prospects THE gloomiest assessment yet of P&O's immediate prospects has been issued by leading investment bank UBS Warburg, writes Tony Gray. North Sea a-Buzz at £1bn boost BRITAIN'S ageing offshore oil industry faces the prospect of more than £1bn ($1.4bn) worth of work from the largest North Sea discovery for more than a decade, writes Jerry Frank.

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JANUARY 17, 2002
US Customs in Canadian ports No exception for Cochin shipyard Kandla port 'unaffected by tension' New USCG licences under scrutiny Shipping lanes for Algeciras Bay US ports baulk at mandated security Lines impose Durban surcharge Algeciras pay dispute ends Argentine community seeks help Enterprises denies sale fraud Estonian repairers to work together Master missing after HK collision Russian steelmaker builds portfolio Malawi switches to Mozambique Bulker arrives for Durban auction Mooring rivals reach settlement Box berth shuffle for Brisbane Conditions scuppered P&O-HMM talks Bremerhaven fears liner cuts US urges IMO on security ITF backs Indian port strike Dampier rejects damning audit San Diego addresses ethical issues Gib agents fear clampdown

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JANUARY 17, 2002
DOT offers Mid-East war risk insurance The agency will cover U.S.-flag or -owned ships if carriers can't get can't reasonable coverage elsewhere. P&O ports "outperformed" in 2001 The company said its port and terminal business ran ahead of the industry in 2001. Crossair will continue Swisscargo operations The regional carrier will take over Swissair's routes in March. Second round of Byrd Amendment payments Higher volumes at Brazilian ports BAX Global taps three DSL execs Allee new executive director at Gulfport LASH service gets reprieve Shurstad to head Pacer Stacktrain V.Ships acquires of Associated Marine Adjusters Shipping lines threaten Calcutta boycott Firms hit Taiwan port ex-im tax Cargolifter denies cash crisis

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BLG va concentrer la logistique de Tchibo à Brême L’entreprise allemande Tchibo, un spécialiste de la distribution de café et de biens de consommation via les supermarchés, les commerces de détail, les firmes de ventes par correspondance et l’Internet, va concentrer la logistique de ses produits à Brême. Elle fait appel pour cela au groupe BLG Logistics, qui construira à cette fin un nouveau centre logistique sur son site de Neustädter Hafen. VLM Airlines vise 400.000 passagers en 2002 Avec 320.000 passagers sur vols réguliers et un léger bénéfice de l’ordre de 400.000 EUR, VLM Airlines a bien résisté à la crise qui frappe le secteur aérien, surtout depuis les attentats du 11 septembre. La compagnie vise 400.000 passagers et un bénéfice de deux millions d’EUR pour cette année. Elle voudrait aussi que toute la clarté soit faite sur la concurrence déloyale qu’elle estime subir de la part de New DAT, tout en n’excluant pas de coopérer avec cette dernière sur certaines routes. Enfin, VLM souhaite que les investissements prévus à Anvers, comme le tunnel de la Krijgsbaan et la rénovation de l’aéroport, se réalisent le plus rapidement possible. UE: le transport national de fret par le rail entièrement libéralisé d’ici 2008? La Commission européenne a l’intention de présenter mercredi prochain, sur proposition de la commissaire aux Transports Loyola de Palacio, un nouveau train de mesures ferroviaires visant notamment à libéraliser complètement le transport national de marchandises par le rail dans l’Union européenne à l’horizon 2008. Ce “paquet” comprend également une proposition qui a pour but de compléter le cadre légal actuel en matière de sécurité du transport ferroviaire et d’interopérabilité via de nouvelles mesures. Est-Ouest: le Liner dans l’attente du redressement En cette mi-janvier, force est de constater que les taux pour les trafics containérisés Est-Ouest n’ont guère amorcé un redressement spectaculaire. Il est sans doute encore trop tôt, car ce n’est vraisemblablement que vers la fin de ce premier trimestre que les réductions de capacité “devraient” avoir un impact, du moins pour ce qui est de la relation entre l’Europe et l’Asie. En outre, il ne faut pas oublier qu’au niveau de la relation Europe-Asie, la plupart des contrats eastbound passés entre armateurs et chargeurs sont valables jusqu’au 28 février. C’est dire que les négociations sont en cours ou doivent encore intervenir. Par contre, westbound, les contrats devaient être renouvelés pour le 1er janvier. Toutefois, selon certaines informations, il y aurait eu ça et là des reports d’un mois, des chargeurs ayant plutôt tendance à adopter une attitude d’expectative.

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JANUARY 17, 2002
Millenium Seacarriers goes under Bulk carrier operator was plagued by quarterly losses, bad S&P deals and weak cash flow. Stolt Offshore cuts earning estimates A $8m write-off will eat into the company's profits in October-December. DNV forum debates on maritime safety The shipping industry needs more transparency and not more new maritime safety rules. International Shipholding plunges into red The New Orleans-based bulk carrier company suffered a $51.1m asset write-down in 2001 Carnival raises P&O Princess offer Micky Arison puts an extra 12% on the table in revised cash and shares offer. Essex doomed to sail on Fate of tanker at the centre of the Iraqi oil smuggling case not likely to be discussed until next month. Enterprises reefers out in the cold Bondholders put charter freeze on Victor Restis' ships as restructuring deadlock continues. Arison fails in Pan Am battle Carnival chief loses multi-million loan to keep bankrupt airline flying. Ill-fated Torm Alexandra set ablaze Clouds of smoke have been billowing from half-sunken boxship in Monrovia, Liberia. Baltic Exchange tightens code Shipping exchange bans direct continuations and double fixing on subjects. Foot and mouth takes toll on Irish Continental Disease hits Irish ferry operator's 2001 profits as it seeks government help for newbuildings. Standard still very strong Financially secure P&I club keeps AA- rating despite tough times. Captain missing in Hong Kong collision Search continues for master after boxship and cruise vessel collide. Irano Hind closes in on suezmax buy Iranian buyer expects to conclude on a vessel after a two-year long hike to a deal. Western Bulk chief sets sail Troubled Norwegian shipowner loses managing director to SE Banken. P&O ferries take a beating UK group sees port business outperform, but says ferries have had a difficult year. Carnival reports record reservation day First tentative signs of cruise industry recovery as cruise giant books 28,061 guests in one day. Halim Mazmin debuts on KL main board Malaysian owner, run by Halim Mohammad, has moved to the main board of the Kuala Lumpur Stock Exchange. Steel cutting commences for Queen Mary 2 Only 694 days until the world's largest and most expensive cruiseship is delivered - fingers crossed!