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Shipping News

IMO comes up with proposals to boost maritime security
WITH seemingly unprecedented speed, an International Maritime Organisation working group on maritime security has drawn up a dozen recommendations to bolster ship security at its inter-session meeting last week.
Austal clinches US military deal
GE Ship to bid for India's SCI
Ports of Auckland forecasts higher throughput in 2nd half
Russia lawmakers Line is overdrawn okay plan for trade corridor

Air and Land Transport

Greece plans restructuring of Olympic to keep it aloft
GREECE on Monday pledged to keep its ailing Olympic Airways from becoming the third European national carrier to fold in six months, scrambling to draft another rescue plan after last week's failure to sell it.
BA seeks to gain from American partnership
Man with explosive device detained at LA airport
Korean Air sees rebound into the black this year
United Airlines, machinists union conclude tentative deal
Log Book

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Shipping News

IMO comes up with proposals to boost maritime security
WITH seemingly unprecedented speed, an International Maritime Organisation working group on maritime security has drawn up a dozen recommendations to bolster ship security at its inter-session meeting last week.
Austal clinches US military deal
GE Ship to bid for India's SCI
Ports of Auckland forecasts higher throughput in 2nd half
Russia lawmakers Line is overdrawn okay plan for trade corridor

Air and Land Transport

Greece plans restructuring of Olympic to keep it aloft
GREECE on Monday pledged to keep its ailing Olympic Airways from becoming the third European national carrier to fold in six months, scrambling to draft another rescue plan after last week's failure to sell it.
BA seeks to gain from American partnership
Man with explosive device detained at LA airport
Korean Air sees rebound into the black this year
United Airlines, machinists union conclude tentative deal
Log Book

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K Line downsizes 2001 fiscal year forecast Port of Vancouver increases container market share in 2001 IMO restructures to emphasise maritime security Tuticorin Container Terminal records 35 per cent growth Ecu Line adds forwarding destinations in Cote d'Ivoire British Airways to slash a further 5,800 jobs CSA recognised with international quality certification Seoul to host freight conference Emirates voted "best airline"

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FEBRUARY 19, 2002
UAL agreements avoids strike EU investigation Greek airline sale Police investigation Malaysian South African government buys shares in SAA Kühne & Nagel subsidiary in Brazil VOLVO into rental Intercontainer branch in Scandinavia

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Shipping industry reinventing itself by harnessing IT: Kannan Narain - BCCI panel presentation of 'E-biz in Shipping' BIMCO launches new Internet Application for shipping industry - Presentation in city tomorrow H 2-day seminar at Chennai GE Shipping, Essar, Shreyas, MISC among 6 submit EoIs for SCI States pressing Rly Ministry to pay freight 'entry tax' Concor to play key role in weaning away piecemeal road traffic for Rlys Study stresses need for major corrections in textile policy 2 apparel parks to come up in Andhra Pradesh Highways' demands to boost steel consumption, help industry turn corner Coffee Board to appoint foreign agency to promote Indian brand Cold storage projects lure Rs 500 cr. private sector investment: Study Reform-linked core sector fund for states in offing State to increase cashew nut acreage CII seeks duty relief on IT products Fresh bid to draft standard contract for cotton import Railway Budget, Survey on Feb. 26 IMC seminars

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FEBRUARY 19, 2002
Kuwait's Shuaiba refinery reopened OPEC forecasts reduced oil demand in 2nd quarter Russia's Sakhalin oil terminal potential big oil supplier to Japan Demand picks up in pre-holiday Istanbul market Market report for Chile Prices from Russian ports OPEC tries to convince market that Russia will extend oil production cuts despite little evidence of success Brazil market update Montevideo and Alpha Zone market update Rotterdam midday market report

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FEBRUARY 19, 2002
Vastera buys Prisma in Mexico FedEx expands Mexican network New perishables center in Santiago de Chile New Spain-South America liner service Air Afrique is listing Davies Turner expands in Dartford TNT trucks door-to-door to Greece GeoLogistics sells Bekins Air-Sea Forwarders turns 55 Tower Group for Fritz Companies

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FEBRUARY 19, 2002
Chouest contracts three 145-ft boats from Bollinger Bollinger Shipyards, Inc., Lockport, La., has announced the signing of a contract for three 145 foot supply/utility boats with Edison Chouest Offshore. IMO seeks sweeping security measures An IMO panel recommends a slew of new measures to upgrade maritime security

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Castro wins over hearts on Valentine's Day loveboat visit STUNNED European passengers taking a cruise in Havana with Festival's Mistral last week broke into spontaneous cries of "Viva Fidel" as the legendary Cuban leader toured the first mainstream cruiseship sailing out of Cuba. EC accused of hidden agenda on yards aid THE European Commission has been charged with covertly manufacturing a pretext to reverse its own decision to exclude LNG carriers from a proposed reintroduction of shipbuilding operating aid. Superfast Ferries to employ British crew SUPERFAST Ferries of Greece plans to employ British officers and ratings on its new two-ship service from Rosyth to Zeebrugge, scheduled to start in May. Indamex lines file plan to form a conference THREE lines operating a joint service between the Indian sub-continent and the US east coast are proposing to form a conference and also link up with the Transpacific Stabilisation Agreement.

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FEBRUARY 19, 2002
IMO passes buck on ID card Simon sale generates interest Argentina rethinks port charges Canadians investigate drug seizure Bulker detained for rotten food Sri Lanka unifies maritime bodies Japan yards face steel price hike Weser ports retain Europe box share Thais oppose port charge increase Fruit liftings take off at Zeebrugge Thai PM stresses 'clean' oil probe HHI board to finalise spin-off Drifting LPG carrier to be sunk Baltic ports cruise to the top Karachi nod for second box terminal IndAmEx alliance presses ahead NZ launches enquiry into grounding

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FEBRUARY 19, 2002
Taipei scrambles to aid Kaohsiung With cargo volume dwindling, Taiwan has drawn up new policies for development at the world's fourth-largest port, with direct service between Taiwan and China as the centerpiece. Atlas Air crewmembers reject contract Gearbulk halts service at Baton Rouge Schenker combines British operations China, Central Asia to cooperate on customs Bangladesh port tightens security Margaret Ng named director of CII's China division Volga Dnepr UK names Pat Roche commercial director NCA to suspend Portland, Ore., service ILWU charges PMA with unfair labor practice Sweden interested in SAS stake

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Le transporteur français Vialle dépose le bilan La société de transport routier française Vialle, basée à Thiviers dans le nord de la Dordogne, a été placée en redressement judiciaire par le Tribunal de Commerce de Périgueux à la fin de la semaine passée. Cela fait un certain temps que, victime entre autres d’une politique de croissance trop audacieuse, l’entreprise - une des plus grandes de la région Aquitaine - connaissait des difficultés. Keulders International, sa filiale belge, n’est pas concernée (pour l’instant). Selon son directeur, M. Tessier, elle a la capacité de pouvoir vivre de manière autonome. TNWA poursuit la rationalisation de ses loops Il en était question depuis quelques semaines. C’est maintenant officiel: The New World Alliance met un terme à son “demi loop” NEX entre l’Europe du Nord et l’Asie, ceci dans le cadre d’un programme de rationalisation et partant, de réduction de la capacité, ce qui implique fatalement une restructuration d’autres services. Autre décision importante, mais qui doit encore tomber... elle est théoriquement attendue pour la fin de la semaine... le choix à faire entre Anvers et Rotterdam pour la concentration des services. Rappelons qu’il s’agit d’un paquet de quelque 435.000 TEU. LCAG table sur une forte croissance des services spéciaux et de l’express Malgré la crise actuelle, les prévisions du transport international de fret aérien semblent très prometteuses à moyen terme. Le fret express et les services spécialisés devraient bénéficier d’une forte croissance de la demande. C’est ce qui ressort d’une étude de Lufthansa Cargo AG (LCAG) exécutée en coopération avec le bureau de consulting américain MergeGlobal Inc. (MIG). Les transporteurs routiers britanniques plaident pour une taxe kilométrique La Freight Transport Association (FTA), l’organisation des transporteurs routiers britanniques, plaide pour l’introduction d’une taxe kilométrique. Elle réagit de la sorte à une proposition du ministère des Finances visant à réformer les charges du transport routier. C’est ce qu’annonce Lloyd’s List. La mesure doit contribuer à une utilisation plus efficace d’un réseau routier déjà fort congestionné, souligne l’association.

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FEBRUARY 19, 2002
OMI earnings slashed US tanker owner talks up product tankers but plays it quiet on suezmax prospects. Losses melting away at Nomadic Norwegian reefer player slashed losses in 2001 and new ship contract should beef up results this year. SOL celebrates return to profit Swedish Orient Lines has put 2000's losses behind it with a profitable 2001 for liner operations. 'Handytankers' hunkers down Tanker pool partners gear up to grow it big under new name. Halim Mazmin pulls in the profit Malaysian owner set to grow fleet further, as income from new vessels boosts returns. Fredriksen feeling drained by support for football club Tanker king John Fredriksen is sick of being the only investor prepared to finance Norwegian outfit Vaalerenga. Borgestad split mooted Talks are underway with the Norwegian owners to solve a running dispute. Best-ever profits at Navion Debt repayment and shuttle tanker earnings made 2001 a record year for Norwegian owner. MDHC increases earnings in 2001 Shipping lines chip in with profit at UK owner and ports operator Mersey Docks and Harbour Co. Bidders line up for SCI More names emerge in the Shipping Corp of India sell-off as offer deadline closes. Blast ship Nego Kim changes hands Handysize bulker rocked by a blast last year that claimed seven lives is confirmed sold. Wartsila to buy Singapore engine repairer Finnish engine builder expands its repair operation with second acquisition in eight months. New head for Rolls-Royce Marine Morten Ulstein is stepping down as the boss of commercial marine equipment supplier. Tuticorin posts 35% growth in box traffic PSA's first South Asia port project reports bullish figures for 2001. Transas unveils LNG tanker simulator Ship crews can now hone their cargo handling skills without leaving the office.