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Shipping News

China's Shenzhen terminals break into top 10 group
WHILE the global economic slowdown stagnated container handling throughput the world's major ports during 2001, Shenzhen, Hamburg and Los Angeles shone in their respective continents with healthy growth rates.
Prospects for maritime jobs stay good
Aussie sheep bound for Jeddah

Air and Land Transport

US airlines may spin off regional carriers: analyst
MAJOR US airlines may look to shed wholly owned regional carriers this year as they seek ways to shore up balance sheets hurt by the travel downturn following the Sept 11 attacks, an analyst said on Wednesday.
Sept 11 fallout slashes Qantas interim profit by 42%
Air France's third qtr loss widens
No hint of trouble before Airbus crash in NY
United to reinforce cockpit doors further

web site

Shipping News

China's Shenzhen terminals break into top 10 group
WHILE the global economic slowdown stagnated container handling throughput the world's major ports during 2001, Shenzhen, Hamburg and Los Angeles shone in their respective continents with healthy growth rates.
Prospects for maritime jobs stay good
Aussie sheep bound for Jeddah

Air and Land Transport

US airlines may spin off regional carriers: analyst
MAJOR US airlines may look to shed wholly owned regional carriers this year as they seek ways to shore up balance sheets hurt by the travel downturn following the Sept 11 attacks, an analyst said on Wednesday.
Sept 11 fallout slashes Qantas interim profit by 42%
Air France's third qtr loss widens
No hint of trouble before Airbus crash in NY
United to reinforce cockpit doors further

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East Asian trio launch intercontinental pendulum Delmas weaves Asia into East African network Ship repair services form alliance Jurong picked by Jardine for transshipment Kuehne & Nagel forms wholly owned subsidiary in Brazil Cathay, SkyNet choose Mercury Air for cargo handling Mercator's NOMAD keeps track of wandering containers US Airways reports January traffic down

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FEBRUARY 21, 2002
Air France stock up after result TNT Post down after result De-listing ACL from the Oslo Stock Exchange UPS links logistics and financial services U.S. airlines may shed regional carriers Tiaca establishes scholarship fund Rutges cargo appoints new UK station manager

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Early imposition of dumping duty on vitrified tiles sought Bangla formulating gas export policy for India DGAD studying STPP imports from China, Taiwan Indonesia ready to swap palm oil for machinery India's exports to France up by 30 pc in 4 years-envoy Bangalore co ties up with US firm to set up grain warehouses Wheat exports for Lanka to be routed through Nafed Spurt in export cargo by air from Chennai Afghanistan rebuilding needs $ 50-bn investment: Lambah IMTMA seeks duty relief Tea futures exchange applications being processed Indonesia identifies IT, pharmaceuticals as areas for tie-ups with India Industry Minister clears 42 FDI proposals involving Rs 75 cr. India to build STPs in Indonesia Hefty 22 pc rise in tyre exports STC stake sell-off set off Karnataka plans SEZs at New Mangalore, Karwar Gail, HPCL join hands to sell gas to AP Need for industries to adopt Kaizen techniques stressed

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FEBRUARY 21, 2002
US Gulf sees some aggressive selling, may rebound on crude Tight MDO avails in Halifax, steady Montreal market Slow demand on the US East Coast Baltic market scan Italy and Malta market overview Bunker prices buck rising cargo trend in Singapore, but avails seen tightening Good avails Gibraltar and Canary Islands Piraeus and Istanbul market snapshot Market report for Chile Healthy demand in Japan US stock draw boosts crude short term, might not last long US crude stocks fall for the first time this year Hong Kong well supplied, posted prices drop in Taiwan Korean market remains competitive for the region

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FEBRUARY 21, 2002
Port of Vancouver, BC's cargo totals come up just shy of last year's record mark Port of Tacoma installs new equipment ID system for Hyundai yard Portland Shipping Club holding 23rd Pizza Party Seattle Maritime Festival scheduled for May 9-11 Customs Service raids businesses suspected of sending funds to Iraq

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Grandi manovre in Adriatico: verso Psa il Molo VII di Trieste Sei traghetti nei programmi della Tirrenia

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Skuld loses tonnage as Fredriksen widens net JOHN Fredriksen (above), one of the world's most powerful shipowners, has switched liability cover for some 3.5m dwt during a hectic renewals round, writes James Brewer. ITF mulls legal action for crew in Kristal tragedy THE International Transport Workers' Federation, acting on behalf of several families of seafarers lost in the Kristal tragedy last year, is considering taking legal action against the vessel's operator, IC Shipping of Monaco. LMZ Transoil in $20m target for Cyprus float LMZ Transoil has set its sights on raising a modest $20m in new equity as it aims to become the first bulk shipping concern to float on the fledgling Cyprus stock exchange, it has emerged.

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FEBRUARY 21, 2002
Training centre given assurance Tanker profits rise despite poor 4Q ACL pulls shares from Oslo Bordeaux choice sparks strike call Handy pool to double fleet Class law 'railroaded through' Romanian yard 'vital' to Aker Ferry lines 'unable' to compete UK reduces light dues Pakistan relaxes forex account ban China coal exports surge HHI sees operating profit slump Star owner stung by casino loss Adsteam faces towage inquiry N of E expands despite rate rise Korea seeks to postpone hearing Pelepas holds out olive branch Cargo transfer reveals duty split ABP boosts UK ports profits Safmarine absorbs Himalaya service New Sahara port in disputed land

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FEBRUARY 21, 2002
Maersk Sealand warns UK ports The world's largest ocean carrier warned that deep-sea carriers could start serving Britain by feeder ships from continental Europe because of a critical shortage of capacity for the largest container vessels. Census putting wraps on AES requirements for controlled exports Seafarers to strike Shipping Corp. of India D. Logistics stock crashes on liquidity concerns Zim boosts capacity at Port of Jurong UPS launches all-in-one supply chain unit United Cargo offers same-day heavy freight service

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FEBRUARY 21, 2002
Record result for OSG Cost savings boost US tanker owner as it battles huge rate downturn. Frontline moves not all from Skuld Top owner switched 30 ships at P&I renewals but others shared the pain. Seascope hits resale snag Alan Marsh warns that contract delay will takes $1.5m bite out of profit. Two bids for Pertamina time-charter One owner turns out for period business in second tender for VLCC. Legal action complicates SPaP sell-off Winner of first auction for Slovakian state owner is suing privatisation agency after sale was scrapped. Tschudi & Eitzen brought to book Along with John Latsis, Sir YK Pao and John Essberger. LNG shipping boosts BG's income UK gas giant logs improved returns as it takes bigger role in transporting its own product. Clipper Elite and Thor hook up Consolidation rears its head among the multipurpose players. Dohle boxship nabbed in US US Coast Guard detained a Peter Dohle containership and ten other vessels in January. Silja turns a profit Improved return for Finnish ferry operator despite drop in revenue. B&N profits rise Ro-los and bulkers prove costly for Swedish owner but specialist ships save the day. Hyundai cuts losses Affiliates prolonged losses, but yard is hopeful fourth quarter figures will show turnaround. Weaker utilisation rates hit DSND Subsea Norwegian owner's offshore fleet turned in a loss in 2001, but this year should see an improvement. Austal wins cruiseship order Australian shipyard will build two small vessels for a French Polynesian owner. ASRY chairman Yousif re-elected Bahrain repair yard sees top man stay on for another year after promising 2001. Reasons to be cheerful at ABP UK and US ports group's net earnings fell in 2001, but its operations were more profitable than ever. ATC fined over 2001 Port Angeles spill Alaska Tanker Company fined $25,000 after the tanker Prince William Sound polluted US port. SembCorp sees increase in repair deal values Owners are spending more money on repairs despite market uncertainty, says Singapore yard. Tough quarter fails to dampen Teekay results Aframax giant's full year profits were up nearly 25% on 2000 despite a poor last quarter.