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Shipping News

PSA may tie up with shipping lines, consider global contracts
PSA Corporation is looking at tying up with shipping lines and considering 'global contracts' for its customers, if the market demanded.
Japan port project faces hurdles
Fate of three kidnapped crew still unknown
Princess-Royal Caribbean merger wins UK nod
Cosco's LA terminal faces suit by environmentalists

Air and Land Transport

India invites bids from private firms to run 4 airports
PRIVATE companies are being asked over the next 10 days to submit expressions of interest for leases to run four of India's largest airports as the country bids to upgrade them to world standards, a top airport official said on Wednesday.
Congress, Bush, urged to reject more flight fees
Airbus wins US$3.5b order for 41 jets
June 27 opening for Sats catering centre
Incheon Airport handles more flights
Airlines under fire for making obese passengers buy two tickets
Dubai to install electronic airport gates

web site

Shipping News

PSA may tie up with shipping lines, consider global contracts
PSA Corporation is looking at tying up with shipping lines and considering 'global contracts' for its customers, if the market demanded.
Japan port project faces hurdles
Fate of three kidnapped crew still unknown
Princess-Royal Caribbean merger wins UK nod
Cosco's LA terminal faces suit by environmentalists

Air and Land Transport

India invites bids from private firms to run 4 airports
PRIVATE companies are being asked over the next 10 days to submit expressions of interest for leases to run four of India's largest airports as the country bids to upgrade them to world standards, a top airport official said on Wednesday.
Congress, Bush, urged to reject more flight fees
Airbus wins US$3.5b order for 41 jets
June 27 opening for Sats catering centre
Incheon Airport handles more flights
Airlines under fire for making obese passengers buy two tickets
Dubai to install electronic airport gates

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MOL joins West Asia Express, launches own service China Southern buys postal carrier, enters courier market Fraport reports higher May cargo throughput America West appoints Flannery to VP, scheduling

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JUNE 20, 2002
Deutsche Post must repay 572 million euro The European Commission has concluded that Deutsche Post AG (DPAG) has used 572 million euro, funds it received from the State to finance its public service mission, to finance an aggressive pricing policy intended to undercut private rivals in the parcel sector between 1994 and 1998. ITF declares victory in Trico case The ITF has claimed victory in the case brought against it by US company Trico. MOL Launches New Europe - West Africa Service MOL has announced that it is to start a new service between Europe and the West Coast of Africa end of June 2002. Brussels gives go-ahead for restructuring Alitalia The European Commission decided not to oppose the restructuring of Alitalia. These measures concern the payment of the third installment of 129 million euro by way of restructuring aid already approved in 1997 and a future capital increase of 1432 million euro. The Netherlands shall recover port and inland waterway aid The European Commission decided that the Netherlands shall recover maritime transport aid granted to Dutch port and inland waterway towage operations carried out in the Union.

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K.C. Mehra becomes first Asian to be elected Chairman of Multiport - Forbes felicitates Dy. Chairman & MD on prestigious appointment SCI to remain in Greenfield, but refuses to grant additional bridge loan of $ 33 m SCI earns net profit of Rs 241.56 cr in 2001-02 ISGEC manages to procure export orders for 50,000 tonnes of sugar from Bangladesh Jewellery trade wants to tap LatAm market Africans taking increasing fancy to Indian rice KPT to provide extra berth for rice exporters Govt finalises 15-pt action plan for speedy reforms Govt increases export price of rice by Rs 150 per tonne to exporters' discomfiture Now, manpower EPC on cards! India's trade policies come under WTO microscope Make SSI units competitive:CII Indo-Chinese trade likely to touch $ 4.3 bn: Chinese Consul Minister exhorts FCI to increase open market sales National seeds policy cleared Fuel surcharges on US-Asia trade up from July 1

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JUNE 20, 2002
ARA prices bottomed out after this week's slide? Houston market update: Demand remains sluggish despite price falls Avails improve in Italy Hungary-Russia close to crude export deal Tight MDO/MGO with some suppliers in Tallinn St. Petersburg stable to soft Singapore price update Gibraltar not affected by Spanish strike Istanbul fairly steady this week Bears leave Singapore today as crude and tight avails support the market Prices from Taiwan and Chinese ports Hong Kong follows Singapore a little higher Korean bunker market softer Japanese bunker market takes its own path Rotterdam market report from Marine Bunkering OceanConnect and Starsupply launch hedging service Second-half pickup? Piraeus bunker market still plagued by tight avails

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JUNE 20, 2002
CaroTrans International names CFG Overseas as exclusive import/export agent in Italy European Commission orders Deutsche Post to repay 572-Million Euro "Illegal" Subsidy NorseMerchant Ferries moves into its new riverside home United opens upgraded cargo terminal at Chicago's O'Hare International Airport Geodis partners IBM in Ireland Van Gend & Loos Euro Express set up "packstations" in the Netherlands DHL Austria introduces new software system Panama Canal raises its «Re-Inspection Tariff» Dragonair reports 60% raise in cargo throughput VTG Lehnkering AG expands its hub in Mannheim

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JUNE 20, 2002
Tampa crew receives prestigious UN award UN High Commissioner Ruud Lubbers has awarded the annual Nansen Refugee Award to Norwegian sailors who rescued shipwrecked asylum seekers last year Carnival reports second quarter earnings Carnival Corporation's results in the second quarter "clearly demonstrate the continuing recovery of our cruise business, in spite of the current economic uncertainty and political unrest," says Micky Arison

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JUNE 20, 2002
Port of Tacoma completes intermodal yard upgrades in short order Orient Overseas Container Line opening agency company in Russia Stelmar Shipping takes delivery of next double-hull tanker Schnitzer Steel sees gains in third quarter net income MOL joins APL in new service covering Far East, Middle East and India

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Woods aims to make P&O Ports world number one AMBITIOUS expansion targets have been set out by P&O Ports under newly appointed executive chairman Robert Woods, with plans to become the world's largest terminal operator. Ridge seeks to placate business over security department BUSH administration officials have attempted to assure US business leaders that the new Department of Homeland Security would not hamper foreign trade, amid rampant confusion over the likely impact of the antiterrorism measure. e4marine breaks silence to launch new service OSLO- based e-procurement venture e4marine has broken a year of silence to announce the launch of a new internet service. Gartner assesses MTS and e4marine LLOYD'S List has learned that Unitor, Alfa Laval, Wärtsilä, BP Marine and Jotun commissioned research from Gartner Consulting to evaluate the positioning of Marine Transaction Services and e4marine's chances of a successful re-entry, writes Neville Smith . Lloyd's List Focus- Maritime security under the spotlight LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.

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JUNE 20, 2002
LR-Fairplay to take Strategic stake Delta Queen sails again Stowaways arrested in Caribbean Five jailed for Portovenere deaths Peru port privatisation in peril India-Lanka ferry link to re-open Costly victory for Dutch minister Korea mulls tonnage tax Expect M&A activity, say bankers Windoc damage talks break down Dutch must repay tug subsidies Port body slams complacent owners Resignations at Taiwanese builder Ailing yard rejects Rodriquez bid Kandla to open rice berth Adsteam hits back at ACCC Basel II effect 'from January 2003' SCI stays with troubled Greenfield Trico Marine drops ITF lawsuit Kidnapped crew member escapes

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JUNE 20, 2002
S. Korea to grow shipbuilding share The world's largest shipbuilder plans to increase aide to yards in a move likely to rile its European Union rivals. Fedex renames Tower Group The subsidiary of FedEx Trade Networks will change its name to FedEx Trade Networks Transport & Brokerage Inc. Descartes cuts staff, closes offices The software company said it will cut 21% of its workforce and close some branch offices. Canada OKs railroad work hours United Airlines opens Chicago cargo facility MOL adds services Pacer names int'l. exec China Southern gets new 747 freighter Con-Way names Stotlar COO AISA meeting slated Logistics "expedition" for Chevy trucks Daewoo wins $96M tanker order Motor carrier H&W files Ch. 11

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Ferryways poursuit l’accélération de son service Ostende-Ipswich L’armement Ferryways, qui opère au départ d’Ostende, poursuit sur sa lancée. Il alignera bientôt quatre navires sur la route Ostende-Ipswich, ce qui devrait faire passer la fréquence de ce service de trois départs par jour dans chaque sens à l’heure actuelle à quatre départs vers le mois d’août prochain. L’armement vient en effet de prendre en affrètement les deux rouliers que P&O Ferries alignait sur la liaison Zeebrugge-Felixstowe. Deutsche Post: la décision de la Commission aura des répercussions importantes Ainsi qu’annoncé dans notre édition d’hier, la Commission européenne a décidé que Deutsche Post devra rembourser 72 millions d’EUR en aides d’Etat au gouvernement. La Commission estime que la poste allemande a utilisé ces aides pour subsidier ses activités commerciales et en particulier ses services de colis (voir le texte intégral du communiqué de la Commission dans nos pages anglaises). UPS, qui avait déposé plainte en 1994, obtient ainsi gain de cause, et l’opérateur américain ne cache pas sa satisfaction dans un communiqué. Deutsche Post a annoncé aller en appel devant la Cour européenne de Justice, mais quel que soit le résultat de cet appel, il est d’ores et déjà manifeste que la décision de la Commission aura des répercussions importantes pour les entreprises contrôlées par l’Etat actives dans des secteurs libéralisés. Arkhangelsk se profile comme alternative pour la desserte de la CEI Une cargaison de 1.000 tonnes de malt a été chargée à bord d’un navire russe en début de semaine à la malterie Albert à Ruisbroek. Le destinataire final est une brasserie en Ouzbékistan. Le transport a eu lieu via le port d’Arkhangelsk (nord de la Russie), et non par la route traditionnelle via la Baltique. L. Delwaide: ”Anvers est opposé à toute centralisation des ports flamands” “Nous enregistrons au sein de l’administration flamande une certaine tendance à la centralisation des ports flamands, tendance à laquelle nous sommes fermement opposés. Il ne faut tout de même pas oublier que les ports dans notre région sont devenus grands grâce à leur tradition hanséatique. C’est la concurrence qui a forgé ces ports. Dans le cas d’Anvers, la communauté locale a toujours été étroitement liée au port, de même que le conseil communal, et cela parce qu’il s’agit d’une affaire anversoise. Aussi, nous n’acceptons pas que des fonctionnaires se permettent de faire des déclarations concernant nos affaires, concernant notre modèle concurrentiel.” C’est ce qu’a déclaré l’échevin du port Leo Delwaide, président de l’Entreprise portuaire autonome anversoise, à l’occasion de l’assemblée générale du conseil de concertation du port.

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Carnival edges up earnings Loss on sale of Nieuw Amsterdam limits impact of post-11 September cruise recovery. Nuclear row blows out yard chiefs China Shipbuilding duo resign over fast growing bid rigging scandal. Oman government to expand LNG fleet Middle East gas producer wants a share of the transportation action as it expands production plant. Pertamina pushes pace with ship tender Indonesian giant plans to shortlist financiers and go out to shipyards next week. Kongsberg buys ABB venture Norwegian marine engineer pays $7.8m to secure place in dynamic positioning market. Earnings plunge at Ukrrichflot Ukraine's biggest shipowner saw profits fall 83% in 2001, while revenues were also weaker. BP backs emissions trading Oil major ready to take lead in developing sulphur emission market for shipping. MOL expands in the West, but cuts in Asia Japanese container line to start Europe to Africa service as it reshuffles intra-Asia trades. Prisco stays in the black Profitable Russian owner could not match first-half performance in rest of 2001. Zim sale rumbles on Israeli government quashes talk that company share sell-off has fallen apart. Delays expected at Panama Canal Owners urged to reserve slots in July while maintenance work takes place. Evalend joins Lasco Logger Pool Greek owner throws its lot in with Portland-based manager of world's largest logger pool. SembCorp wins Brazilian FPSO deal Singapore's Jurong Shipyard in line for $244m conversion contract. Silvermar joins Stelmar stable New York listed tanker owner takes delivery of second panamax tanker resale from Daewoo. Weak market cuts single ship acquisition deals The number of large international banks leaving the ship finance sector is on the rise.