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China must remove logistics red tape
CHINA must quickly remove red tape affecting transport and logistics to fully realise its cost advantages, Neptune Orient Lines group president and chief executive Flemming Jacobs says.
P&O ports' container volumes in Q1 up 13%
Report on Aussie govt spying on Tampa completed
Law suit charges cruise ships of fouling California coast
Shipping tycoon buys 10% Bergesen stake
Ports of Auckland to spend NZ$20m to deepen channel

Air and Land Transport

US federal airport workers to debut at Baltimore
BALTIMORE-Washington International Airport will become the first in the country with an all-federal security force by about mid-June, marking the national debut of the government's air travel security system, officials said on Wednesday.
Ariana Afghan Airlines trying to rise from the ashes of war
BA unit to cut unprofitable services
Patrick buys Ansett's int'l cargo business
BMI chalks up 12m loss after drop in traffic
IBM, Air Canada to market portable, wireless check-in system

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Shipping News

China must remove logistics red tape
CHINA must quickly remove red tape affecting transport and logistics to fully realise its cost advantages, Neptune Orient Lines group president and chief executive Flemming Jacobs says.
P&O ports' container volumes in Q1 up 13%
Report on Aussie govt spying on Tampa completed
Law suit charges cruise ships of fouling California coast
Shipping tycoon buys 10% Bergesen stake
Ports of Auckland to spend NZ$20m to deepen channel

Air and Land Transport

US federal airport workers to debut at Baltimore
BALTIMORE-Washington International Airport will become the first in the country with an all-federal security force by about mid-June, marking the national debut of the government's air travel security system, officials said on Wednesday.
Ariana Afghan Airlines trying to rise from the ashes of war
BA unit to cut unprofitable services
Patrick buys Ansett's int'l cargo business
BMI chalks up 12m loss after drop in traffic
IBM, Air Canada to market portable, wireless check-in system

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CMA CGM says too soon to call rising volumes a trend K Line cites box-traffic jump, boosts FY2001 profit estimates New service centres at Port Klang Software seminar aims to inform Cargo restructure for Cathay and Air Hong Kong Fuel surcharge levied by BA bmi profits up to 12.4m

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APRIL 25, 2002
Lufthansa 'not pessimistic' Lufthansa said it posted an operating profit of 28 million euro in 2001, and that the operating result for the first quarter of 2002 will "not be disappointing", thanks to stringent cost controls and the matching of capacity. Dragonair rise in cargo traffic Dragonair said it recorded year-on-year and month-on-month rises in both passenger and cargo traffic in March 2002. K-Line revises results upwards K-Line says it was successful in improving ordinary income and net income, which attributed to a better-than-expected recovery towards the end of Fiscal 2001 in container cargo movement centering on Europe and U.S.A. Logistics.com: your results please... Logistics.com, calling itself 'the leader in integrated logistics planning and execution solutions for shippers and carriers', announced results without any financials. BNSF: lower revenue and operating income Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per diluted share compared with first-quarter 2001 earnings after extraordinary item of $0.34 per diluted share. Net income CMA CGM down The executive boards of CMA CGM Holding and CMA CGM in Paris announced a sharp decline in net result over 2001, of 28 million euro, against 107 million Euro in the year 2000. UPS-Teamsters talk not sure Contract negotiations between United Parcel Service Inc. (UPS) and its workers represented by Local 2727 of the International Brotherhood of Teamsters union recessed Wednesday.

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SCI to sign crude-carrying deal with Petronas, Ceylon Petroleum SCI may declare dividend in a week NSICT provides direct link between India & Bandar Abbas - KIG service by Simatech Shipping L.L.C Markfed sets wheat export target at 1.5 m tonnes Indonesia to swap CPO for Indian knowhow from July Citric acid 'dumping' under probe Commodity exports, imports via Cochin Port up in March KoPT wants Japanese agency to prepare report on port facilities development FedEx wins top honours at Asian Freight Industry Awards Major fiscal reliefs may be unveiled next week Italy, Spain for tie-up with India in environmental sector China, India only Asian nations to record positive export growth in 2001 Mozambique invites Indian textile manufacturers to tap opportunities Govt wants to discourage import of car CBUs China lags behind India in doing business Tirupur knitwear units to resume brand-building measures Tax sops for industrial parks extended till 2006 Assocham moots cut in dividend tax rate IEEMA mission visits Iraq, Syria Leather sector honing 2002-03 growth plan India poised to become diamond trading centre-Rudy Peaceful Lanka may emerge as investor's haven HKIA wins "Cargo Airport of Year 2002" award ASAA gives enthusiastic welcome to Mukul Jain, Concor CGM New ASAA office-bearers for 2002-04 elected - Umesh Sheth at the helm

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APRIL 25, 2002
African market report from GAC Slow week, firmer prices in US Gulf market Tight avails in Antwerp helps ARA market stay firm Baltic market report Gibraltar mostly quiet and steady Surprise cargo gain in Singapore today, bunker prices largely steady Piraeus steady to soft, mixed avails in Istanbul Rotterdam market report from Marine Bunkering Healthy demand in St. petersburg and Tallinn "Golden Week" to halt bunkering procedures in Japan Healthy avails in Korean market Hong Kong steady with some availability improvement

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ANL between Asia and Europe Navibulgar buys Varna shipyard MOL: even more environment-friendly Revised forecasts for «K» Line Evergreen appoints South America agents ASF: Mission completed Hesse Noord Natie is making tracks TPG swallows Nicolas Logistics terminal for Giraud Chronopost doubles operating result

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APRIL 25, 2002
Cruise lines face ballast water suit A lawsuit filed yesterday by environmental groups seeks to stop cruise ships from violating state law when discharging untreated ballast water into California waters. German shipbuilder cooperates with Iranian yard Iran's Islamic Republic News Agency says that Germany's Thyssen HAL exercises option for fifth Vista Carnival Corporation's Holland America Line has exercised an option with Fincantieri-Cantieri Navali Italiani S.p.A., to build a fifth 1,848-passenger Vista-class ship Sohmen takes stake in Bergesen In a statement to Oslo Stock Exchange today Tauro Company Limited is informing the Stock Exchange that it is the the beneficial owners of 6.026.902 shares in Bergesen d.y. ASA, which have been registered in the name of HSBC Investment Bank PLC.

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APRIL 25, 2002
UPS' quarterly numbers top earlier predictions Pair of railroads sign marketing alliance BTS survey finds U.S. airlines cut 79,000 jobs in 2001 Coast Guard warns mariners of unlit tanker adrift at sea Port of Olympia's Swantown Marina ready to handle boating season

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«Rischio terrorismo nei porti» L'Autorità adeguerà le banchine al grande traffico e investirà 197 milioni $ sul trasporto intermodale Navi da crociera, tornano gli ordini

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Sohmen family builds 10% stake in Bergesen Helmut Sohmen, who controls the world's largest private tanker empire, has become the second largest shareholder in Bergesen, Norway's leading bulk shipping group. Futures venture 'won't copy Enron' LONDON shipbroker ACM Shipping is joining forces with integrated brokerage GFI in an effort to kickstart the wet derivatives market. Anger as EU holds up subsidies plan for LNG carriers European Union commissioner Mario Monti has snubbed French moves to extend shipyard subsidies to include gas carriers by again rejecting the reintroduction of payments to European shipyards. German duo cleared on Hellenic takeover Brussels has cleared the takeover of Greece's Hellenic Shipyards by a German consortium of shipyard HDW and trading-house Ferrostaal.

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APRIL 25, 2002
Bergesen welcomes Sohmen Tanker broker gets liquid Cruise lines sued over ballast water Shipbuilding cash injection delayed Genmar profits plummet Have your say! Feeders bloom in Scotland Vopak 'prepared to enter sale talks' Kolkata revamp shocks industry NAX service starts in May Two die as ship sinks in Korea Dredging company seeks JV buyout Sohmen takes slice of Bergesen cake Ten bid for Trasmed New Rio Tinto smelter for Kwinana Good start to Stena's 'vital year' Russian politician buys Fesco Dampier port chairman quits Princess pushes up profits Manta gets official port status Teekay first quarter profit down CMA CGM net profit plunges Drifting tanker to be salvaged

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APRIL 25, 2002
Senate gets another security bill The Ship, Seafarer and Container Security Act calls for a uniform identification system for mariners, stronger standards and anti-tampering and locking systems for marine containers, and the use of transponders to track certain vessels. Panama Canal to hike, restructure tolls A new pricing system, to take effect in October, will differentiate between seven classes of vessel, ending the tradition of equal treatment for all ships. Operating loss up slightly at BAX Declining revenue at the company reflects weak economic conditions in major markets worldwide, according to parent company Pittston Co. Union Pacific earnings top expectations TPG posts strong first quarter Nilac wins pact from paint-products company BNSF train ran red light, NTSB says India-Europe lines expand rate hikes Lufthansa earnings plummet Malaysian port adds cranes P&O Ports volume up 13% Norfolk Southern profits gain BNSF profits up despite weaker volume

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“Le transport combiné est une arme politique plutôt qu’un mode de transport alternatif” L’utilisation du transport combiné rail/route ne résulte pas nécessairement en une baisse des émissions de CO2 et de la consommation d’énergie par rapport au transport routier. C’est la conclusion d’une étude commandée par l’organisation de transport routier allemande BGL et l’IRU et dont les résultats ont été publiés hier à Bruxelles. J. Saadé (CMA CGM): “Les armements doivent se défendre contre l’hégémonie des groupes PSA Corp et Hutchison” “Nous sommes un peu fâchés sur la Belgique. Quelle raison avaient-ils à Anvers de se vendre au groupe PSA Corp, alors qu’il n’a rien à apprendre aux manutentionnaires locaux? Nous estimons que ces groupes PSA et Hutchison sont en train d’établir une hégémonie en Europe et c’est la raison pour laquelle les armateurs préfèrent s’associer entre eux pour s’engager dans d’autres voies.” Jacques Saadé, président du directoire de l’armement CMA CGM, répondait ainsi à une question posée lors de la conférence de presse donnée mercredi dernier à Paris au sujet des résultats de l’exercice 2001, et qui avait trait à l’éventuel intérêt que cet armement français pourrait porter à l’offre de prises de participations que PSA Corp annonce à Singapour. Stef-TFE prendra 100% des Transports Navarro avant la fin juin 2002 N°1 français du marché transport-logistique sous température dirigée (frigo), le groupe Stef-TFE (siège à Paris) va anticiper d’un an sa prise de contrôle à 100% des Transports Navarro, autre spécialiste du marché frigo. Actuellement, Paul-Denis Navarro est président de la société et actionnaire majoritaire avec 56,58%. De son côté, le Groupe Stef-TFE détient 37,82% du capital. Au plus tard le 30 juin 2002, soit un an avant l’échéance prévue initialement, Paul-Denis Navarro cédera la totalité des titres qu’il détient et quittera la présidence de la société. Cette accélération du calendrier intervient alors que le groupe Stef-TFE présente ses résultats de l’exercice 2001 qui sont en forte progression par rapport à 2000. Le gouvernement bruxellois approuve le dossier Carcoke Le gouvernement de la Région Bruxelles Capitale a approuvé le dossier Carcoke hier. Cette décision doit libérer la voie à l’acquisition d’un terrain de 12 ha situé à la frontière avec la Région flamande. Avec ce site, le port de Bruxelles devrait être en mesure de répondre à la demande de terrains en bordure d’eau et de donner une nouvelle impulsion aux activités de transbordement. Il n’est pas encore clair quand la première partie du site pourra être mise en service. Le gouvernement bruxellois a également donné le feu vert au contrat de gestion avec le Port de Bruxelles. De son côté, le port aimerait bien voir la SNCB jouer un rôle plus actif dans les trafics portuaires.

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APRIL 25, 2002
Genmar mulls additional Caspian deployment Caspian Sea oil production is projected to increase several fold. Investor sues HDW chief Guy Wyser-Pratte aims to annul the sale of HDW stake by Babcock Borsig. Korea to set up shipbuilding investment funds The shipping fund managers are expected to be handling about $2.55bn a year. RCCL restores stock market confidence The company's solid first quarter results boost earnings estimates and price target. Szczecin sets return to work date But jobs could go as cash strapped Polish yard struggles to prune back costs. ACM, GFI introduce tanker derivatives product The new product will use both online trading and telephone broking skills. RCCL to focus on operations Miami-based cruise operator is not looking to build new ships any time soon. New Torm chairman appointed Outgoing Erik Behn explains retirement move as rumours of company tensions swirl. Higher tanker rates cut Seabulk's loss The largest Jones Act products tanker operator posts a $2.1m first quarter net loss. ITIC cuts bonus Marine errors and omissions insurance club scales back renewal discounts. EC clears HDW move into Greece German takeover of Hellenic Shipyards given green light. Profits double at Lorenzo Shipping Philippine boxship owner survived higher insurance and fuel costs to boost growth in 2001. Sohmen takes stake in Bergesen World-Wide boss eyes up Norwegian owner's gas assets after perusing LNG sector. Bergesen chiefs to step down Svein Erik Amundsen and Jan Hakon Pettersen will resign next year. Sohmen pays out on Bergesen The last time World-Wide bought into a Scandinavian company they bought it out and took it private. Hapag-Lloyd on course Liner company sails into smiley new world as Preussag rebrands group. Fortum keeps options open Finnish owner cautious on further tanker orders, as first quarter freight rates slump. Two crew dead after collision off Korea Five men missing after accident involving cargoship and tug off Pohang. Cost-cutting boosts P&O Princess Strong first quarter results for third-biggest cruise outfit, as it recovers from post-11 September disruption. CMA CGM profit collapses French liner group suffers from falling freight rates despite cargo growth. Hyundai confirms P&O Nedlloyd boxships Korean yard inks order for five feeder ships and expects five options to be exercised in the summer. Teekay first quarter profits slump 89% Lowest OPEC output levels in seven years plus lack of long-haul cargoes hit aframax giant where it hurts. Sherrard takes the reigns at UK's A&P Former Bibby Line MD appointed chairman at UK's largest ship repair group