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Shipping News

Shipboard security officers may soon be mandatory
SHIPOWNERS and operators may soon face mandatory requirements to provide security officers on board all commercial vessels, a maritime training company has warned.
PSA, Evergreen discuss handling of remaining volumes
Singamas Container's H1 net profit soars 44%
Sabah port privatisation gets govt approval
MISC to borrow US$850m from Japan, other banks

Air and Land Transport

Qantas boosts profit, aims to raise A$800m in capital
AUSTRALIA's Qantas Airways yesterday confirmed its position as one of the world's most profitable airlines and announced plans to raise A$800 million in new capital from its shareholders.
A380 will meet targeted operating costs: Airbus
Continental Air cuts planes, adds fees to stem losses
Vietnam Airlines plans to fly to Shanghai next year
Shanghai Air to add 5 aircraft this year
Log Book

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Shipping News

Shipboard security officers may soon be mandatory
SHIPOWNERS and operators may soon face mandatory requirements to provide security officers on board all commercial vessels, a maritime training company has warned.
PSA, Evergreen discuss handling of remaining volumes
Singamas Container's H1 net profit soars 44%
Sabah port privatisation gets govt approval
MISC to borrow US$850m from Japan, other banks

Air and Land Transport

Qantas boosts profit, aims to raise A$800m in capital
AUSTRALIA's Qantas Airways yesterday confirmed its position as one of the world's most profitable airlines and announced plans to raise A$800 million in new capital from its shareholders.
A380 will meet targeted operating costs: Airbus
Continental Air cuts planes, adds fees to stem losses
Vietnam Airlines plans to fly to Shanghai next year
Shanghai Air to add 5 aircraft this year
Log Book

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Gateway restructures debt, seeks fresh equity funding Hamburg port expects no flood disruption ANZDL expands Tasman Sea service, deploys ro/ro vessels Ernst Glassel appoints Russian sub agent Buss Hansa names new MD KLM to increase European, intercontinental capacities Air China to resume Beijing-NY over the North Pole Emirates readies for Shanghai, names cargo manager Stonier appoints Grossman as sales and marketing VP

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AUGUST 21, 2002
Lufthansa even more optimistic Lufthansa more than trebled its profit in the first half of 2002 compared with last year to post an operating result of 332 million euro. ECT Delta Terminal takes delivery of its 100th ASC ECT Delta Terminal in Rotterdam has taken delivery of its 100th Kalmar Automatic Stacking Crane (ASC). As a proponent of automated handling systems, the terminal was the first to use Kalmar ASCs in 1989. MOL to expand energy transport in US and Europe Mitsui O.S.K. Lines announced plans to open new sales offices in London and in Houston, Texas, to expand its energy transport business. The new offices will focus on meeting anticipated growth in demand for transport of liquefied natural gas (LNG). New proposal TPG for European post liberalisation Dutch postal and logistics company TPG proposed today to cut its mail monopoly on letters from 100 grams to 50 grams in 2004, and to have a free postal market in the Netherlands by 2007, if the U.K. and Germany do the same. US Airways admits $6.5bn extra costs Stricken carrier US Airways has admitted to spending commitments worth $6.5bn, on top of already-known liabilities of $10.65bn. In a filing, the carrier said the extra commitments related to operating leases for aircraft with an estimated value of $4 billion. BA not to invest more in Qantas British Airways' stake in Qantas is set to fall to about 17 per cent following the UK airline's decision not to participate in the A$800m rights issue announced by the Australian carrier today.

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Indonesia hopes to export 1.4 mt palm oil to India Nepal to end discrimination against Indian car exports Leading seafood exporters joining hands for direct access to US retail markets Chinese goods pose no threat to India: Minister Nepal to buy 50,000 tonnes of Indian wheat Chinese delegation invites Indian businessmen to Canton Fair Time ripe to grab niche in LatAm markets, says envoy Hooghly work bidders given more time SEZ units allowed to maintain special currency accounts CBDT to tackle duty refund vouchers scarcity within one month Maharashtra remains investors' paradise Prices of Tirupur hosiery items hiked Garment fair may net Rs 35-crore business Exports of synthetic and rayon textiles increase by 32 per cent in April 2002 Ficci seeks second look at law on company deposits 'Gasohol' sale to be mandatory in 9 states Draft of medium-term services export strategy ready IMPEX Fair in AP from Aug. 29 WTC publishes research study reports IMC organises business meet with Korean textile cos

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AUGUST 21, 2002
DOEs and war nerves bring crude rally back on track 'Bacon Boats' boost demand in the Great Belt Demand dries up as Arab Gulf bunker market hits new highs New barge operational in Fujairah today Grim avails in Tokyo Bay Falling prices and plentiful avails keep Busan sweet St. Petersburg remains firm St. Petersburg: Sunken cargo ship still not re-floated Bakri confirms 380cst now loading at Saudi port Steady ARA opening today Saudi posted prices follow crude to new highs APIs and contract expiry takes crude down from rally high

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AUGUST 21, 2002
CaroTrans and Nordicon AB extend their partnership ECT Delta Terminal takes delivery of its 100th Kalmar automatic stacking crane MOL expands energy transport business in North America and Europe IPBCC lines reduce extra risk surcharges New "flight specific" products let customers control their freight movements SC&RA to host safety and management forum in Atlanta Encrypta teams with Marco Trailers to create new baggage transit system for airports EWATA to increase rates as from October 1, 2002 Rhenus Contract Logistics founds two joint ventures in France Delton invests in Thiel Logistik

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AUGUST 21, 2002
Port of Portland holding Marine Terminals 'open house' Port of Seattle Firefighters holding Salmon Derby/Fun Run FAA plans to hit United with $1.5 million penalty Hyundai boosting capacity at Yong-Dang container facility Lagging container business cuts into OOIL bottom line

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Arison says spoilers to scupper Princess bids CARNIVAL Corp chief executive Mickey Arison claimed yesterday that 'spoiling tactics' employed by Royal Caribbean means both bids for the hand of P&O Princess are now more likely to fall foul of the US regulatory authorities. Imbalance surcharges on Argentina-Europe trades HARD-HIT container lines operating between Europe and Argentina have introduced 'imbalance surcharges' following a drastic decline in southbound volumes and soaring northbound exports. Rivals force Cagliari to abandon terminal FIVE years of struggle to establish a container transhipment facility on the southern tip of Sardinia are about to end in failure.

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AUGUST 21, 2002
Pilot sues Crowley for $1.8M Brussels shock for SNCM Pakistani escapees seek asylum Can Trasmed be transformed? Mersey Docks slips back Ryndam faces further investigation Soya major plans Santos terminal Key Petersburg route still blocked Weaker outlook for Kværner yards Finance director in tax scam P&O rebuilds for Dover-Calais route Northport launches new box terminal STX to surpass newbuilding target Pan Ocean Shipping to be sold Bolivian tycoon eyes Chilean port

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AUGUST 21, 2002
Genesee & Wyoming acquires Utah Railway Genesee & Wyoming Inc., which owns and operates regional freight railroads, said Tuesday that it had agreed to buy the Utah Railway Company, from Mueller Industries, Inc., for $54 million. Imports strong through West Coast in July West Coast ports in July reported strong growth in containerized imports, indicating that shippers did not divert a significant volume of cargo to East Coast ports or Canada in anticipation of the expiration of the International Longshore and Warehouse Union contract on July 1. TMM to launch breakbulk service Quincy port hires intermodal operator MOL to expand energy transport business in U.S., Europe HK's Swire eyes China port expansion UK port operator reports flat box traffic Lufthansa profits grow as amid Europe airline recovery

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D.J. Appleton (APL Europe): “Pas question d’ajouter de la capacité sur la route Europe-Asie” “Nous n’avons pas l’intention de relancer le service NEX, entre l’Europe et l’Asie, que nous avons arrêté complètement au début de l’année. Nous continuons simplement à adapter notre capacité à la demande et sommes en situation d’équilibre. Tous les armements ont fortement souffert l’année dernière et partant, nous sommes très prudents. Nous examinons constamment l’évolution de la situation, mais n’avons pour l’instant aucun plan allant dans le sens d’une augmentation de la capacité” David J. Appleton, président d’APL pour l’Europe que nous avons rencontré lors de son passage à Anvers en compagnie d’Eddy Wouters, managing director d’APL (Belgium), insiste plus particulièrement sur cette prudence qu’adopte son armement, car le déséquilibre dans ce trafic reste important. Anvers: CSCL présente son premier PC de 5.540 TEU Escale particulière mardi dernier à Anvers du PC “CSCL Seattle”, une unité de 5.540 TEU que l’armement China Shipping Container Line (CSCL) a transférée du Pacifique vers le segment de trafic Europe-Asie, pour lequel il donne une nouvelle impulsion à son service hebdomadaire. En effet, le “CSCL Seattle” est le premier de 8 PC de cette génération qui vont progressivement remplacer les 9 PC de 3.500 à 4.000 TEU qui opèrent actuellement sur cette route. Un deuxième navire interviendra au début du mois d’octobre. Pour la mi-2003 la conversion devrait être faite. Le nouveau Volvo VN répond aux sévères normes d’émission américaines Volvo Trucks a présenté sa nouvelle série VN pour le marché nord-américain. Ce véhicule a été développé pour répondre à la norme d’émission sévère EPA 02, qui entrera en vigueur le 1er octobre aux EU. Volvo est le seul constructeur à avoir construit un tout nouveau camion dans ce cadre. L’entreprise suédoise a également mis la dernière main à un nouveau laboratoire de tests de moteurs à Göteborg. Le centre de distribution européen de TCI Europe ouvrira ses portes sous peu TCI Europe, la filiale européenne de Tokyo Kasei Kogyo, le producteur japonais de produits chimiques pour laboratoires, va sous peu ouvrir son centre de distribution européen à Zwijndrecht. L’ouverture officielle est prévue pour le 24 septembre prochain.

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AUGUST 21, 2002
Murmansk to double tanker fleet size Russian tanker owner is acquiring three tankers weighing 520,000-dwt by end-2002. Marad to recover ship loan losses US Maritime Administration will receive at least $2m from Project America asset sale. Virus outbreak on German cruiseship The 420-passenger Berlin makes detour to Kiel in order to get infected passengers to hospital. Major shareholder confirms Pan Ocean sale plan The South Korean bulk carrier firm will be sold to foreign investors through international bidding. B&N profit sinks Swedish owner is expecting to remain in profit but at a similar level to its first half returns. Farstad facing weak demand Lower-than-expected demand trims the Norwegian company's second quarter income by 14.5%. Boxships bite at MISC Rates cuts hit all sectors at Malaysia International Shipping but LNG anchors profit. Shipping boosts Borgestad But ship sale a key factor in quadrupling of profit. Gotland profit climbs But revenue falls as product tanker and ferry markets soften. Awilco profit sinks But Anders Wilhelmsen company still cash rich and seeking investment opportunities. Kvaerner buoyed by currency gains But shipbuilding interests giving Norwegian group cause for concern. MISC lines up LNG ship loan Malaysia International Shipping Co opts for loan over bond issue to fund gas newbuildings. MOL to open US LNG shop Owner is expanding energy transportation business with dedicated sales office in Houston. AP Moller and Hoegh in tin-free move Owners prepare for TBT antifouling phase out, but have opted for different technologies.