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Shipping News

ChevronTexaco to build bunker terminal at P Klang
OIL major ChevronTexaco's bunkering unit is to build and operate a world class bunkering terminal at Malaysia's Port Klang.
Abeer takes delivery of service vessel from WaveMaster
Squatter dispute won't affect PTP expansion
Hutchison wants Shanghai port manager to resign
M'sian police find hijacked cargo ships

Air and Land Transport

HK not ruling out taking stake in Shenzhen airport
THE Hong Kong Airport Authority said yesterday it is in talks to strengthen cooperation with the airport in the nearby Chinese boomtown of Shenzhen and would consider buying a stake in the facility.
Asian airline stocks soar as Iraq war fears recede
Taiwan to sell up to 30% stake in China Airlines
World air cargo forecast to grow 6.4%
China Eastern's cargo unit expects lower H2 profit
B/E Aerospace chalks up loss
Air-India to discuss jet orders

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Shipping News

ChevronTexaco to build bunker terminal at P Klang
OIL major ChevronTexaco's bunkering unit is to build and operate a world class bunkering terminal at Malaysia's Port Klang.
Abeer takes delivery of service vessel from WaveMaster
Squatter dispute won't affect PTP expansion
Hutchison wants Shanghai port manager to resign
M'sian police find hijacked cargo ships

Air and Land Transport

HK not ruling out taking stake in Shenzhen airport
THE Hong Kong Airport Authority said yesterday it is in talks to strengthen cooperation with the airport in the nearby Chinese boomtown of Shenzhen and would consider buying a stake in the facility.
Asian airline stocks soar as Iraq war fears recede
Taiwan to sell up to 30% stake in China Airlines
World air cargo forecast to grow 6.4%
China Eastern's cargo unit expects lower H2 profit
B/E Aerospace chalks up loss
Air-India to discuss jet orders

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Freightgate opens Chicago office K Line launches 13th vessel Famous Pacific names agents Aden Distripark opens in Yemen Air France denies stake in KLM Alitalia suspends 7 Italy routes Qantas fills Ansett's Sydney slot DHL opens logistics customer service centre in Arizona SAS changes bearing fruit

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SEPTEMBER 18, 2002
Boeing sees 6.4 per cent air cargo growth Boeing projects that world air cargo traffic will expand at an average of 6.4 percent during the next two decades. Air India seeks a swift solution on slots Air India is to decide whether to buy a new fleet of aircraft, despite not knowing whether it can expand flights to the airline's major UK market. Green Award recognition at Klaipeda Port Klaipeda Port (Lithuania) has adopted the Green Award scheme. TNT extends clinical trials network TNT Express launched Phase 2 of its Clinical Trials Network (CTN), a dedicated logistics infrastructure for companies involved in developing medicines via clinical trials. EVA Airways ups profit forecast by 40 per cent Taiwan's second-largest carrier EVA Airways said it expected a pre-tax profit of NT$1.4 billion for 2002 after an earlier projection of NT$1 billion thanks to better than expected cargo traffic. Southern China box volumes soar 52 per cent A continuing surge of cargo volumes through China's southern ports hit a stunning 52 per cent growth for the first eight months of 2002 over the same period last year while Hong Kong managed only a meagre 2.3 per cent growth.

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MOL receives top ocean carrier ranking from shippers in N. America Ensure ISM Code to prevent ship detentions, urges INSA President Foodgrain exports set to exceed 15 million tonnes IT deals worth Rs 10 cr. signed in China SMEs see good scope for business in CIS, African market 25,000 t. soyameal each to be exported to Japan, Vietnam Continuance of dumping duty on TSP mooted Sugar exporters urged to tap new markets Coir Board offers to aid Mozambique Mill to export 10,000 t sugar to Indonesia JNPT notifies ad hoc rates, rebates & vol. discounts at shallow draught berth KoPT asks NIOT to review Hooghly scheme Assocham calls for integrated logistics network India should treat Ports as essential to economic growth: CII A-I planning to buy 38 planes costing $ 2 billion ADB loan to help Rlys lay tracks to ports Red reishi discovery may give India the edge in global mushrooms market soon 2-wheeler sales up 25 pc in April-August Foreign Trade Analysis: Current Policy & Procedures Hardware expo to be held in Chennai in November IVCCI AGM at IMC on Sept. 23

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SEPTEMBER 18, 2002
Fifty-fifty on Iraq attack says tanker market African market report from GAC Avails and demand much improved on US East Coast Demand mixed in Montreal, Halifax slow Daily Bunker market report from Praxis Energy Agents (Wednesday) Tight IFOs in Istanbul Daily Bunker market report from Praxis Energy Agents (Tuesday) Russia to continue oil shipments to the US Chinese oil reserve plans Iraqi crude contracts up for renewal OPEC consensus to leave quotas alone despite evidence more oil is needed Jittery barge market in Rotterdam Oil prices underpinned as US oil stocks decline further The Rock's market on a roll Suez market stays competitive as indications fall Saudi posted prices: One goes up, the other down

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SEPTEMBER 18, 2002
Inland shipping freight market, week 37, 9th/13th September, 2002 Thirty Renault trucks delivered to Finland Kuehne & Nagel becomes first logistics provider to be awarded Phase 2 quality accreditation by Cargo 2000 CaroTrans International and Mayan Overseas announce cooperation agreement Schenker wins logistics contract for Legrand in Asia Pacific Kalmar Industries to provide tractor services for APM Terminals in Port Elizabeth, USA "K" line launches its thirteenth post-panamax containership PSA opens Aden Distripark

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SEPTEMBER 18, 2002
Port of Tacoma deepening Sitcum Waterway to 51 feet Port of Olympia taps Rowe as manager for Airport Golf Center Panama Canal divisions pass ISO 9001 inspection IMO working group developing new maritime security regulations Corps of Engineers closing Columbia River locks for maintenance

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Former Curnow chiefs in dock on fraud charges FIVE former board members of Curnow Shipping Line face imprisonment after being charged with conspiracy to defraud following a 16-month investigation into the company led by the Serious Fraud Office. Political muscle sought to end cruise cover crisis SHIPOWNERS may call on national governments to help end the crisis in terrorism cover for cruiseships and other big maritime risks. Port blacklist law 'puts US on collision course with Brussels and IMO' SHIPS carrying cargo from foreign ports found by the US to have inadequate security and anti-terrorism measures might be banned altogether from berthing in the US, if certain provisions of a pending Bill are enacted, a Washington lawyer has warned.

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SEPTEMBER 18, 2002
Belgian board 'wrong focus' for WMI Dutch budget disappoints maritime ULCC lifts unusual cargo Five charged over St Helena fraud Lüken pessimistic over Korea talks Manning rules boost Madeira flag Valles Steamship MD walks out AP Moller moves in on China ILWU protests against SSA roadblock Euro loses drachma advantage Ratings win hazardous allowance Chennai moves towards hub status ABS chief attacks underwriters Hudong lines up French builder Stena Bulk to launch bid for Navion Costa adds Ravenna calls Singapore trains with enginebuilder Cairns criticised over grounding SCI worried by Foresight manoeuvre India revises shipyard aid policy Azov ports still open for exports Fears over Rubino's toxic cargo Kloster's dream fading away Philippines reconsiders port fees Japan newbuilding orders surge Al-Qaeda link to Sara cargo

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SEPTEMBER 18, 2002
West Coast port hit by labor slowdown Terminal operators accused longshoremen of initiating a work slowdown in Southern California, and threatened retaliation that could shut down ports up and down the West Coast. Shippers groups hit carrier antitrust A global alliance of shippers reiterated its opposition to ocean carrier antitrust immunity and called for carrier surcharges to be actual costs passed through to shippers rather than an additional revenue stream for carriers. Boeing sees cargo growing 6.4% The aircraft maker said Asia markets would lead the air freight sector over the next 20 years. A.P. M'ller to run Shanghai terminal Delta joins Web air cargo marketplace Hess sells U.S. tanker fleet Tacoma deepens key waterway MSC expands Far East-Med/Europe service India deals for FedEx Colombo box traffic improves Panalpina results strengthen Kuehne & Nagel gets Cargo 2000 quality nod Averitt Express expands Texas service

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Le Havre commande en Chine huit portiques à double trolley avec option pour deux autres Le constructeur chinois Zhenhua Port Machinery Co de Shanghai vient d’obtenir une commande du port du Havre portant sur huit portiques à containers équipés d’un double trolley, à laquelle s’ajoute une option pour deux engins supplémentaires. Ce contrat négocié par l’entremise de la firme française SETO, porte sur une valeur de 70 mio. d’euros, soit sept mio. par portique. Les créanciers de Daewoo vont amortir une grande partie des dettes Les créanciers de Daewoo Motor ont l’intention d’amortir 77% des dettes accumulées par l’entreprise automobile en faillite (le total atteint 19 bio. de KRW), de sorte que la joint-venture du constructeur sud-coréen pourra tout de même poursuivre ses activités avec General Motors. “La Belgique doit solliciter l’appui de l’Union européenne” Pour régler le problème de l’approfondissement de l’Escaut et de la réouverture du Rhin d’Acier, la Belgique doit d’une part mieux connaître et faire connaître ses droits, et aussi en appeler à l’Union européenne, parce que ces deux axes ont un statut international, parce que le Traité de Rome prévoit la libre circulation des personnes et des biens et parce que leur développement empêche Rotterdam d’occuper une position de monopole.

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SEPTEMBER 18, 2002
Queen Mary II going to Olympic Games Eleven cruiseships will provide visitor accomodation during the 2004 Olympics. Smit team evacuated from Jolly Rubino Fire worsens again on grounded Italian ro-ro leaking oil off South Africa. DVB expands fund management team The bank has invested in eight shipping projects so far this year. Yukos says US trades prove "promising" Russian exporter says crude shipments to the States will continue to end of the year providing the arbitrage exists. Standard & Poor's downgrades Cenargo "Weak liquidity" prompts rethink from ratings agency on UK ferry group. Chowgule rules out further bulker sales Indian owner has no plans to dispose of other ships, but may replace panamax it sold to Trust Shipping. Vietnam pleads for fleet overhaul Domestic owners complain of obsolescence, skewed investment and poor management. More bad news for HDW's Klaus Lederer Prosecutor says "evidence mounting" that German yard boss may have delayed insolvency filing at previous company. US Shipping wraps up Hess tanker deal Investors splash out just under $200m on Jones Act integrated tug barge buy. HMM links Busan and Shanghai Korea's Hyundai Merchant Marine to start new route with 1,000-teu ship next week. Aker Aukra inks UK PSV Norwegian shipbuilder takes order backlog to six ships with order from mystery British firm. AP Moller signs up for Shanghai terminal Danish shipping giant takes stake in first foreign-funded container terminal management firm.