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Shipping News

Disastrous if US ports close again: retailers
A trade group for retailers such as Gap Inc and Target Corp urged labour-union and shipping-company negotiators to avoid a second shutdown of West Coast ports, saying it would cause 'catastrophic' damage to the economy.
Asian seafarers' bosses urge review of wages
Star Cruises Q3 profit up on extra capacity, cost cuts
Patrick Corp profit rises 47% to A$102m
Prestige breaks, eco disaster feared

Air and Land Transport

Air France's Q2 operating profit jumps 86% as cargo traffic rises
AIR France SA, Europe's second-largest carrier, said fiscal second-quarter operating profit rose 86 per cent as fuel costs fell and cargo traffic grew.
US transport security body meets screener deadline
Delta in new plan to pare retirement costs
US aerospace industry facing 'crisis': study

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Shipping News

Disastrous if US ports close again: retailers
A trade group for retailers such as Gap Inc and Target Corp urged labour-union and shipping-company negotiators to avoid a second shutdown of West Coast ports, saying it would cause 'catastrophic' damage to the economy.
Asian seafarers' bosses urge review of wages
Star Cruises Q3 profit up on extra capacity, cost cuts
Patrick Corp profit rises 47% to A$102m
Prestige breaks, eco disaster feared

Air and Land Transport

Air France's Q2 operating profit jumps 86% as cargo traffic rises
AIR France SA, Europe's second-largest carrier, said fiscal second-quarter operating profit rose 86 per cent as fuel costs fell and cargo traffic grew.
US transport security body meets screener deadline
Delta in new plan to pare retirement costs
US aerospace industry facing 'crisis': study

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MOL to order eight large car carriers Conferences to introduce IFP surcharges in December Shanghai maritime meeting ends in agreement Shipping Corporation of India privitisation may be delayed Hamburg takes new Volumax reefers Contship's new services to call at Hamburg Agere names FedEx primary carrier for worldwide shipments Anticipation surrounds launch of Cargo Portal services US court rejects former Cathay pilots' claim

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NOVEMBER 19, 2002
Profit fall Japan's big lines Japan's three major shipping lines suffered severe first half profit slumps, but two of them, Kawasaki Kisen Kaisha Line (K Line) and Mitsui OSK Lines (MOL), were more upbeat about the next six months. MOL orders eight large-size car carriers MOL today announced plans to order eight large-size car carriers that will be completed in 2005 and 2006. Schenker's Chinese network strengthened Schenker has reached agreement with Beijing International Technology Cooperation Centre (BITCC) to establish a joint venture in logistics in Beijing. Montreal terminals signs 20-year lease Montreal Gateway Terminals (MGT) has signed a 20-year lease with the Montreal Port Authority (MPA) to operate the Racine and Cast container terminals - the longest lease ever signed by a stevedore at the North Atlantic port. Deutsche Post has to pay more In its issue of 19 November 2002 Handelsblatt reported that according to information from Brussels Deutsche Post would have to repay state aid to the Federal Government in the amount of just over 900 million euro, instead of the just under 850 million initially planned. Swiss cutting program to achieve breakeven Swiss, Switzerland's recently rescued national airline, has launched an emergency SFr400m ($275 million euro) cost-cutting programme.

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P&O Nedlloyd's Export Documentation Div. awarded ISO 9001-2000 Certificate DCI posts impressive performance in H1 Franco Vago launching Indian operations Croatia offers port, free trade zone facilities for India to enter EU markets Canada keen to double trade with India Exports of beneficiated chrome ore spurt Quota garment exports up by 13 pc in Oct Doubling of Indo-UK trade envisaged Major Ports allowed to lease out surplus land Meet on logistics in January Rlys signs deal with GAPL on Adipur-Mundra line Forex reserves up by $ 582 million to $ 64,621 million Banks may abandon tax havens for SEZs Textile Ministry working on comprehensive strategy to boost exports Minister assures steps against dumping of steel Forex allowance may soon be doubled: Jaswant Forex credit facility nets windfall for exporters Apeda serves up a dish of basmati kheer, much to Africans' delight Jute Control Order amended Govt decision on prices of 'lustre-loss' wheat delights exporters Forex reserves swell to $ 65.376 bn IMC to hold interactive meeting with Polish trade mission today Let's work together, says China's envoy Board to launch coffee drinking campaign

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NOVEMBER 19, 2002
Panama: Balboa still dry, replenishment on way Daily bunker market report from Praxis Energy Agents Uruguay bunker market update Prestige goes under Singapore surges, Korean avails tighten on exports to Japan Tallinn: Barge out, demand still high but waning Healthy demand in the Great Belt Fujairah indications rise further after Monday's bullish start IBIA refutes IBIA-Nigeria Crude gains leave St Petersburgers smiling UN arms inspectors' return to Iraq sparks crude oil rally Bunkerworld launches News Ticker Half of Prestige sinks, other half will sink too Sharp market jump in Hong Kong Rotterdam opens firm Stricken tanker breaks up, Prestige "will sink"

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NOVEMBER 19, 2002
Dragonair continues record performance Mercury Air Cargo's volumes rise Inland shipping freight market, week 46, 11th/15th November, 2002 BAX Global on course EGL hits updraft Stinnes moves to Berlin

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NOVEMBER 19, 2002
Tanker Prestige breaks up, sinks Despite the best efforts of salvors Smit International, the aging Bahamas-flag, Greek-owned tanker Prestige has broken up and has sunk.

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Not again THE 26-year old tanker Prestige broke in two and sank yesterday, raising fears of an ecological catastrophe and once again plunging the shipping industry into crisis. As clean-up operations intensified in Galicia, national leaders, the international media and maritime unions placed the tanker industry under close scrutiny and asked how an accident like this could reoccur. Bahamas probes Prestige steel replacement THE Prestige had extensive steel replacement carried out last year in the mid-ship cargo tanks along which it snapped in two yesterday off Spain's Atlantic coast, writes Brian Reyes in Gibraltar. IOPC sets compensation level at $178m A total of '113.7m ($178m) will be available to meet compensation claims arising from the Prestige spill under existing conventions according to the International Oil Pollution Compensation Funds, writes Sandra Speares.

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NOVEMBER 19, 2002
Both sections of Prestige have sunk Rotterdam rejects pilots' proposal Paris MoU reveals ISM concern Brazil warns of chicken trade war Dutch round on their government HAL ponders cruise virus decision Aqaba cuts tariffs to attract cargo Trieste terminal shares sold US, Singapore agree trade model North-Western changes hands again Prestige aft section goes under Ports paralysed by package plans Maritime teachers go back to sea Panama port activity declines Prestige splits but still afloat SCI to bow out of gas venture Strait Shipping to take passengers CSAV assures high-flying investors Rotterdam Port to go public Surcharge slapped on Durban Prestige breaks up MOL to order eight car carriers ITF wage scales worry Asian owners Hanjin mulls Masan yard sale

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NOVEMBER 19, 2002
Tanker sinks off Spanish coast A single-hulled tanker carrying 70,000 tons of fuel oil sank after the vessel split in half off the coast of Spain days after it was crippled in a storm. Truckers ask FMC to probe NY/NJ terminals over waiting time penalties A truckers association has petitioned the Federal Maritime Commission to investigate what it says are "egregious unreasonable practices" of a group of marine terminals in the Port of New York and New Jersey. Authorities arrest 118 in NY airport security sweep MOL to order eight car carriers Hanjin founder's death may speed break-up Korean Air buying four Boeing freighters CSXWT completes Germersheim expansion CP Unit signs Montreal box lease Management Dynamics names DeBow Schenker forms Beijing joint venture Cabela's chooses Emery for airfreight CSX ship rescues four - and pooch - off Florida

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Kühne & Nagel se développe à Hambourg Le groupe d’expédition et de logistique suisse Kühne & Nagel va investir un montant non encore dévoilé dans la construction d’une nouvelle plate-forme logistique à Hambourg. Il va y ériger un magasin moderne d’une superficie de 31.000 m2 près du nouveau terminal à containers Altenwerder. Le complexe doit être opérationnel pour le printemps 2004. Europe/Far East: la FEFC veut redresser la barre tarifaire De prime abord, on serait tenté de dire que la FEFC y est allée un peu fort avec son plan d’affaires 2003. Westbound, donc au départ d’Asie vers l’Europe du Nord et du Sud, il y aura, à dater du 1er janvier et pour l’ensemble de l’exercice, trois adaptations, pour un total de 650 USD en plus par TEU. Eastbound, la majoration tarifaire est de 250 USD par container au départ de l’Europe du Nord, mais cette adaptation ne couvrira que la période mars/mai, ce qui laisse supposer qu’une autre adaptation interviendra par la suite. Au départ de la Méditerranée, il y aura deux adaptations pour un total de 400 USD pour un 20’ et 450 USD pour un 40’. Petroplus va reprendre la raffinerie de bitume Nynas à Anvers La compagnie pétrolière rotterdamoise Petroplus a signé une déclaration d’intention avec l’entreprise suédoise Nynas Petroleum pour la reprise de la raffinerie de bitume de celle-ci à Anvers. Ces installations sont situées juste à côté de la raffinerie exploitée par Petroplus dans la zone portuaire d’Anvers. La collaboration entre ces deux raffineries voisines devra générer des synergies. BA et AMR revoient leur proposition de partage de codes à la baisse British Airways et American Airlines ont introduit une demande de partage de codes auprès du ministère des Transports américain. Toutefois, les vols entre Heathrow et les Etats-Unis n’ont consciemment pas été repris dans l’accord. Les deux compagnies se heurtent depuis des années déjà à une résistance des deux côtés de l’Atlantique quant à leurs tentatives visant à approfondir leur alliance.

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NOVEMBER 19, 2002
Last of Prestige sinks As European Union moves to protect its back in face of mounting policy questions. Prestige wreck puts HBL under pressure ABS confirms aframax used light-loading method as questions start to fly. Prestige may spell profits Tsakos says he expects TEN's younger vessels will see heightened demand. VLCC rates hit the roof Rates for large tanker hit year-end WS 100 plus high as demand soars. TEN has the right numbers Tsakos company reports slim profit in the third quarter. Manager to appeal over Prestige master's bail Greek master to remain in custody another day as vessel sinks off Spanish coast. Howe Robinson hit by big broker walkout Arrow Chartering to set up panamax desk with three of six defectors. Business as usual, Durban claims Boxship waiting times finally lowered at South African port, manager says. Lasco staff prove lukewarm on shares Employees and company pensioners buy only a third of Latvian owner's stock offered to them. Aft section of Prestige sinks Salvors say fore part of damaged aframax tanker will sink shortly. Prestige could rank among world's worst spills Stricken aframax tanker off Spain could lose twice as much oil as Exxon Valdez. Strait Shipping buys CMN ferry Battle for New Zealand traffic to start in January after Santa Regina heads south from France. Prestige splits in two Stricken aframax said to be sinking amid fears of fresh pollution. Bergesen confirms scrapping of gas carrier "Insignificant" accounting effect from sale of veteran LPG ship, Norwegian owner says. Indian ministry approves LNG ship sale After fighting to gain a stake in the Lakshmi, India now looks keen to sell out. Kawasaki's yard arm slips to a loss Profits at Japanese shipbuilder go from black to red as losses at parent group more than treble. FGH close to offshore unit sale Last remnants of the bankrupt US shipbuilder and engineering group look set to be sold off. MOL confirms eight-ship PCTC plans Latest newbuilding plans will take Japanese shipowner's car carrier order backlog to 14 ships. Portugal prepares to turn Prestige away Spain's neighbour warns it won't allow the crippled aframax tanker refuge in any of its ports. A&P Birkenhead inks Mersey treble Re-opened Cammell Laird yard reports growing business with work from local ferry owner.