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US West Coast dockers reject 5-year wage deal
UNIONS representing US West Coast dockworkers have rejected a five-year contract offer by shipping lines and terminal operators, sparking fears of strikes and slowdowns at the US ports.
KL now accepts training certs from 16 nations
EC okays Carnival's purchase of Princess
P&O Princess Cruises' Q2 profit up
CMA CGM to use Le Havre as hub

Air and Land Transport

Boeing ups demand forecast for planes over next 20 yrs
BOEING Co raised its forecast for new aircraft that airlines will buy over the next 20 years by almost 500 planes, spending 5.9 per cent more than it had expected, as demand rises for single-aisle planes and regional jetliners.
Air China to sell part of its cargo unit
United, US Airways in code-sharing accord
Strike costing Fiji airline more than A$1m so far
US airline food service still in flux as carriers aim for efficiency
Log Book

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Shipping News

US West Coast dockers reject 5-year wage deal
UNIONS representing US West Coast dockworkers have rejected a five-year contract offer by shipping lines and terminal operators, sparking fears of strikes and slowdowns at the US ports.
KL now accepts training certs from 16 nations
EC okays Carnival's purchase of Princess
P&O Princess Cruises' Q2 profit up
CMA CGM to use Le Havre as hub

Air and Land Transport

Boeing ups demand forecast for planes over next 20 yrs
BOEING Co raised its forecast for new aircraft that airlines will buy over the next 20 years by almost 500 planes, spending 5.9 per cent more than it had expected, as demand rises for single-aisle planes and regional jetliners.
Air China to sell part of its cargo unit
United, US Airways in code-sharing accord
Strike costing Fiji airline more than A$1m so far
US airline food service still in flux as carriers aim for efficiency
Log Book

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Industry from A-Z supports C-TPAT: Koch SITC kicks off three lines, links China, Japan, Korea Yicheng Logistics acquires licence for NVOCC P&O Nedlloyd appoints new MD for southern Africa Consent sought to shed 6,000 Colombo port workers CP Ships Q2 results to be heard in conference call Long Beach swell felt for third consecutive month Singapore, UAE sign open skies agreement IATA applauds SERAS paper Heathrow key to the UK's aviation future: BA Delta to build new reservation contact centre in south

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JULY 25, 2002
Good result KLM KLM today reported an operating profit of 41 million euro for the first Quarter of fiscal year 2002/03, ending June 30, 2002, compared to an operating profit of 23 million last year. Ryder net earnings improve, revenue down Ryder System reported second quarter 2002 net earnings improved 48 percent to $29.5 million, compared with $19.9 million in the second quarter of 2001. Revenue for the three months that ended June 30, 2002 was $1.21 billion, down 7 percent from $1.29 billion in the comparable period last year. LanChile Cargo and Lufthansa Cargo to cooperate LanChile Cargo signed an agreement with Lufthansa Cargo to cooperate in the air cargo market between Europe and South America. Huge airport expansion in London planned Stansted Airport would be bigger than Heathrow and at least six new runways would be built around Britain under UK government plans to cope with a huge surge in the number of air passengers over the next 30 years. Boeing angry about Airbus pricing The Boeing Co.'s top airplane salesman said rival Airbus has sliced prices on its planes so much to win market share that Boeing has lost some key sales rather than match the hefty and unreasonable discounts during the industry's worstslump. EU parliament demands faster rail competition The European Parliament wants the European network for international freight transport by rail to be in place by 2005 at the latest, not in 2008 as the European Commission proposes.

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New treaty with Nepal plugs import loopholes Steel exports may rise by 15 pc during Q2 Exim Bank study finds good scope for export of IT services from N-E Bidders stick to plan on floating facility at Haldia Govt to insert security clause in box terminal pacts Coromandal Fertiliser to instal new ship unloader at Vizag Port 10 Embraer-175 aircraft to join Jet fleet by 2007 First Flight starts consignment tracking facility Vizag airport expansion project set to take off ECGC improvises 'LC discrepancy' cover to ease exporters' burden Cabinet disinvestment panel to decide on strategic sale of HPCL, BPCL Capital goods industry sees signs of recovery Survey notes 3.4 pc increase in project investments during April-June period despite grim forecast Govt all set to lighten drought burden More time to file bulk I-T returns AP govt makes fresh bid to develop hardware park State govt gets Delhi's nod to exclude SEZs from IDA I&B Ministry favours 26 pc stake for FIIs too in print media Bhel bags compressor package order from BPCL Report favours bifurcation of FCI States keen to set up 7 more AEZs ADB for tourism, agro processing schemes in S. Asian region

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JULY 25, 2002
Daily Bunker market report from Praxis Energy Agents (Thu) ARA market under pressure from softer crude and incoming Russian cargoes Panama Canal Lock work update Tripoli refinery moves Italian prices steady, Genoa out of IFOs Singapore bunker market a little softer on hopes for improved avails Some tight avails in Gibraltar Little movement in Korean bunker market Operations in Piraeus returning to normal Rotterdam market quite steady this morning Light demand and tight avails for month-end in Japan Daily Bunker market report from Praxis Energy Agents (Wed)

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JULY 25, 2002
Georgia's ports achieve double digit container growth Norfolk Southern reports second-quarter and first-half results Transportes Ochoa builds sorting centre near Granada (Spain) Renfe's Transporte Combinado raises its freight volumes BNSF and Ferromex for Honda KLM increases operating profit in first quarter of fiscal year 2002/03 Harwich International Port signs new cement terminal contract Martinair's interim operating results greatly improved TNT Logistics España to open new logistics centre in Madrid Argentinian company presents project to deepen river waterway from Santa Fé and Buenos Aires

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JULY 25, 2002
BC Ferries invites foreign bids B.C. Ferries has invited foreign shipyards to bid on the mid-life upgrade of The Queen of Coquitlam, More details of Halter acquisition A few more details are dripping out about the acquisition of Halter Marine by Vision Technologies Kinetics, Inc. a unit of Singapore Technologies Engineering Ltd. Royal Caribbean defers newbuild options Despite better than expected second quarter results, Royal Caribbean is extending the expiration of options it holds for two newbuilds, because of "uncertainty" about its proposed acquisition of P&O Princess Cruises.

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JULY 25, 2002
PMA dissapointed with ILWU's rejection of new contract Boeing forecasts aviation market will reach nearly $5 trillion over 20 years Roadwork on Interstate 84 will hit some Portland Airport users European Commission gives Ok to P&O Princess/Carnival wedding CSXT teams with railroads for across the border service

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Taranto, sconti sui rimorchiatori Modificata l'ordinanza del 1981 che imponeva vincoli alle manovre - Restano gli standard di sicurezza Roma e Rabat ai ferri corti

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European giants in $555m box bonanza EUROPEAN container lines have rushed back into the berths, with orders for 11 post-panamax ships worth an estimated $555m. Insurers accused of price fixing in cartel crackdown The German cartel office has searched the offices of 13 insurers, among them Allianz, Axa, Gerling and Munich Re group member Victoria. Rival statements confuse picture in bid for Norden Torm's battle to gain control of fellow Danish bulk shipping group Norden took some suprising twists yesterday involving on-off talks and confusion about whether the bid was about to be increased or decreased, writes Tony Gray. 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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JULY 25, 2002
Healthy profit for Great Eastern La Spezia dispute flares again US seeks agri-subsidy cuts Judge halts LA terminal work India committed to oil spill policy Nino transfer depends on weather Increased Trasmed bid unconfirmed Fain 'surprised' by Carnival move Carnival deal 'rushed through' Torres pilotage to be compulsory Norden snubs Torm invitation Australia shocked by boxship move Smuggling is 'economic sabotage' PMA disappointed by ILWU rejection TMP Sagitarius breaks its back

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JULY 25, 2002
User fees floated as way to pay for port and maritime security enhancements A controversial proposal for an extra charge on containers and other shipments is being circulated among conferees working out details of maritime security legislation. ILWU rejects contract proposal While the International Longshore and Warehouse Union formally rejected the latest contract proposal from waterfront employers, the union took its case to the streets. Rail, intermodal boost CSX results CSX Corp. said strong rail and intermodal earnings helped boost second-quarter profits by 24 percent over the year-ago period. KLM cargo steady but net falls Maersk Sealand, Evergreen America to join C-TPAT Intermodal rides winning streak NCBFAA urges GSP renewal Senate panel OKs Blust for FMC post HK-China river trade gets e-boost India seeks box terminal investment Georgia ports top 1M boxes again Union Pacific declares dividend Goodyear chooses Exel

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Signature de la Convention entre HNN et SAVA/FEBETRA En raison des problèmes qui ont surgi sur un certain nombre de terminaux à containers suite à la forte hausse du trafic des derniers mois, une convention a été signée hier jeudi dans les locaux anversois de l’AGHA, l’organisation coupole du secteur privé d’Anvers. Les transporteurs routiers (et armateurs fluviaux) se plaignaient des temps d’attente trop longs, plus particulièrement sur le Noordzeeterminal de Hesse Noord Natie. La convention garantit un délai de transit moyen pour le transport routier de containers sur les terminaux de HNN. L’AGHA fera le cas échéant fonction d’arbitre. Une commission technique se chargera de la mise en oeuvre de nouvelles améliorations. “L’harmonisation de la taxe sur le diesel constitue une énième augmentation des coûts” La proposition de la Commission européenne visant à harmoniser complètement la taxe sur le diesel d’ici 2010 en introduisant une même taxe de 410 EUR par 1000 l pour les véhicules de plus de 16t déclenche tant des réactions positives que négatives. Les secondes viennent des associations de transporteurs belges et néerlandais. Les transporteurs français applaudissent quant à eux la proposition. Tous les autres Etats-membres ne sont pas non plus aussi heureux de cette mesure. Pour dix pays des Quinze, cela se traduira par une hausse des prix. D’autre part, l’Allemagne et surtout le RU voient disparaître une grande partie de leurs recettes générées par la taxe sur le diesel parce qu’ils doivent réduire leurs accises. La Commission Portuaire Flamande veut réagir de manière pro-active à la politique de l’UE Dans l’avant-propos du rapport annuel 2001 de la Commission Portuaire flamande, le professeur Willy Winkelmans - le président de la CPF - s’inquiète des conséquences que pourrait avoir le Port Package de l’UE sur les ports. La CPF va en conséquence procéder à une étude sur l’impact de la politique européenne sur les ports flamands. Winkelmans se préoccupe également de l’image négative que colportent les ports dans l’opinion publique. Il estime par contre que la coopération entre ports s’annonce prometteuse. Containers et sécurité: l’UE va-t-elle faire annuler les accords bilatér aux avec les USA? Le fait que trois membres de l’UE, à savoir les Pays-Bas, la Belgique et la France... l’Allemagne suivrait dans les prochains jours... aient signé des accords bilatéraux avec les USA portant sur la sécurité des trafics containérisés qui leur sont destinés, a provoqué de sérieuses objections de la part de la CE. Cet accord avec les douanes américaines implique la présence de quelques-uns de ses représentants dans les ports européens de ces Etats-membres qui traitent ces trafics, à savoir Rotterdam, Anvers et Le Havre pour l’instant. Il s’agit là d’un des aspects qui motive l’irritation de ladite CE, un autre étant celui de la signature d’accords bilatéraux. Bruxelles passe maintenant à l’action.

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JULY 25, 2002
OMI's earnings slashed US tanker owner makes slim profit in first six months as revenues slip. Bid becomes bewildering Confusion reigns over revised offer as Danish takeover clash moves to a climax. Royal Caribbean firmly in the black US cruiseship owner boosts operating result in the first six months. Loki fights on amid losses Norwegian owner vows to continue trading despite giant Jahre Viking tanker sitting idle since March. Braemar Seascope finds synergies Sale & purchase boosts merged shipbroking group after initial losses. Torm may raise Norden bid Norden chiefs reject meeting as informal contacts raises prospect of improved offer. Heavy workload lifts KOM interim numbers Singapore's Keppel Offshore & Marine saw sizeable increases in operating profits and turnover. Grounded cargoship's back breaks Portuguese-owned TMP Sagitarius still being pounded by huge waves off South Africa. Fortum's tankers mired in market gloom Finnish group's aframaxes and products carriers earned "significantly" lower rates in first half compared to 2001. Greater protection for Barrier Reef Government report following MISC boxship grounding makes 41 recommendations to improve safety. Algoma splashes out on products tanker Canadian owner turns to Chinese yard for new double-hulled ship. Genmar slumps to second quarter loss Continued weak rates plus accelerated dry dockings send New York-listed tanker owner into the red.