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Shipping News

Tanker chartering a vital growth area for NOL
AMERICAN Eagle Tankers , described by Neptune Orient Lines chief Flemming Jacobs as the group's 'hidden shining gem', has offered a glimmer of hope in an otherwise bad year for the NOL Group, turning in a relatively small but vital earnings contribution.
Hyundai expects auto deal in April
Ship alarms will not deter pirates
5 killed, 31 missing, in Dubai dock flooding incident

Air and Land Transport

530 killed in US air crashes last year
US commercial airline disasters killed 530 people last year with half the victims from the four planes hijacked on Sept 11 and the rest killed when an American Airlines jet crashed in New York, the government reported.
Company deed gets Ansett creditors' nod
FAA proposes fining Boeing US$350,000 for violations
UAL to take up to US$55m charge in Q1
China Southern may seek 3b yuan in stock sale
NZ, US ink aviation safety deal
Troubled Olympic Airways faces more flight cuts

Features

A sea of paperwork
IMAGINE a massive term paper that requires months of exhaustive research.

web site

Shipping News

Tanker chartering a vital growth area for NOL
AMERICAN Eagle Tankers , described by Neptune Orient Lines chief Flemming Jacobs as the group's 'hidden shining gem', has offered a glimmer of hope in an otherwise bad year for the NOL Group, turning in a relatively small but vital earnings contribution.
Hyundai expects auto deal in April
Ship alarms will not deter pirates
5 killed, 31 missing, in Dubai dock flooding incident

Air and Land Transport

530 killed in US air crashes last year
US commercial airline disasters killed 530 people last year with half the victims from the four planes hijacked on Sept 11 and the rest killed when an American Airlines jet crashed in New York, the government reported.
Company deed gets Ansett creditors' nod
FAA proposes fining Boeing US$350,000 for violations
UAL to take up to US$55m charge in Q1
China Southern may seek 3b yuan in stock sale
NZ, US ink aviation safety deal
Troubled Olympic Airways faces more flight cuts

Features

A sea of paperwork
IMAGINE a massive term paper that requires months of exhaustive research.

web site

Shipping News

Tanker chartering a vital growth area for NOL
AMERICAN Eagle Tankers , described by Neptune Orient Lines chief Flemming Jacobs as the group's 'hidden shining gem', has offered a glimmer of hope in an otherwise bad year for the NOL Group, turning in a relatively small but vital earnings contribution.
Hyundai expects auto deal in April
Ship alarms will not deter pirates
5 killed, 31 missing, in Dubai dock flooding incident

Air and Land Transport

530 killed in US air crashes last year
US commercial airline disasters killed 530 people last year with half the victims from the four planes hijacked on Sept 11 and the rest killed when an American Airlines jet crashed in New York, the government reported.
Company deed gets Ansett creditors' nod
FAA proposes fining Boeing US$350,000 for violations
UAL to take up to US$55m charge in Q1
China Southern may seek 3b yuan in stock sale
NZ, US ink aviation safety deal
Troubled Olympic Airways faces more flight cuts

Features

A sea of paperwork
IMAGINE a massive term paper that requires months of exhaustive research.

	web site

Foreign investment encouraged in China transportation Cosco explores Italian market China's exports to Taiwan Digital conference Austral Asia Line adjusts Southeast Asia service IBM awards Maersk Logistics three-year contract Two key appointments for Contship Containerlines Dragonair releases February figures, adds to fleet LanChile code shares with Qantas China Airlines chooses A330

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MARCH 27, 2002
NOL reports losses for 2001 NOL chairman retires Result Maersk down 13 Airbusses for Swiss Fresh capital for Eurotunnel Dragonair with third freighter

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YML, "K" Line to offer new direct Asia-Europe service this month-end - Broader slot exchanges with Coscon, Hanjin in offing New dates for Intermodal Transport & Logistics 2002 P&O Nedlloyd's revises Europe to East Coast South America service - Lambada weekly service launch in May Box volumes surge at Cartagena Evergreen to add West Coast of South America to global network through new service HUBLine to start service from Bintulu to Shanghai CargoSmart joins US' Operation Safe Commerce programme BP's first bunker delivery at Salalah MOL acquires new reefer boxes NOL Group unveils new tanker subsidiary New on-line NVOCC Shipbuilding businesses get jumpstart this year Asean sets up sea piracy task force Lines reminded on Seaway and ballast water Kalmar Industries to build six RTGs in Malaysia CMA-CGM rises to challenge of Africa Intermarine places vessel under US flag Dirk Gindl appointed manager of Rickmers Linie agency RCL deploys new vessel LV Shipping appointed as OTAL's new Teesport agent Bangkok Port to be modernised "K" Line, MISC & PIL to launch Far East-South Africa service Maersk Logistics wins freight transportation awards Jurong container terminal upgrades facilities Singapore Cruise Centre receives double vote of confidence ECU-Trans expands services to Balkans Ship alarms may become a must by July 2004 PSA Corporation bags Asia's Best Container Terminal Operator award again China's ports record significant growth Asia-South America rates to rise from April 2 key appointments for Contship Containerlines brand Evergreen, CMA-CGM join hands on Asia/N. Europe trade ECU-Line offers service to Banjul NYK Line joining 3 shipping industry e-commerce portals APL Logistics wins two Cargonews Asia awards Zarhak Moulders gets its first global order for 'Shakti Pallets' Definitive dumping duty mooted on zinc oxide imports from Nepal Value-added spices fare better on export front Bangladesh move to ban Indian cotton yarn upsets ICMF Only non-GM soyabean oil imports allowed KRL plans to build SBM in Allapuzha district Adani Exports Ltd among four in race for Gangavaram port project TCTL plans to offer wider range of logistics services CIAe urges solution to annual cargo pile-up at airports between March & April Simplify input-output norms for advance licences: PHDCCI Fieo decries state's move to make fuel, power costlier Facility of re-booking cancelled forward deals to importers restored CCEA clears apparel export parks with 100 pc FDI - Approves Rs 150-cr. scheme for textile centres' facelift too Maran pleads with Sinha for better deal to SEZs B.V.R. Mohan Reddy, new CII-AP chief RBI to function on April 1 ICCCI leading delegation to Hong Kong, CECF, Guangdong Fairs from April 16 'Economic cities' on Chinese lines under study

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MARCH 27, 2002
Panama market seen firming Chile market report from PACSA African market report from GAC Healthy avails in Italy and Malta Istanbul firm with some tightness Bigger-than-expected increase in AG cargo prices today Steady prices in Brazil Rotterdam remains firm in the afternoon FO380 still out in Oman, prices attractive Busy Gibraltar market Steady to firm Suez market Baltic bunker market reports Healthy buying interest in competitive St. Petersburg market Fine avails in Bilbao and Valencia PetroLogistics: OPEC output rose this month as oil prices firmed Piraeus market report: Some problems reported with off-spec fuel APIs fuel further crude price gains, but is rally running out of steam? Rotterdam opens firmer Minor changes in Saudi posted price from tomorrow

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MARCH 27, 2002
Marystown announcement imminent Union members have been told to turn up for a ceremony at which Pieter Kiewit will be revealed to have bought FGH's Canadian yard Newbuilds for Conrad Conrad Industries has announced awards worth a potential $16 million Disaster at Dubai Drydocks Reports say a dock gate failure has caused major loss of life Largest double hulled tankers yet Hellespont Shipping is set to name the first of four 442,000 dwt ULCC's

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MARCH 27, 2002
Coast Guard boosts radar capacity for Elliott Bay vessel trackers US transportation network steering toward GPS Crowley Liner Services takes home Toyota customer service award Hyundai and partner carriers now calling Portland with larger ships Port of Tacoma Road project wins Vision 2020 award

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Dock horror Eight people died and 22 were still missing last night after the gate to a massive dry dock in Dubai ruptured while it was being repaired, flooding the dock while hundreds were still working inside and raising serious questions about safety measures in place at the yard. Europe hits back in steel import tariffs row THE European Commission stamped its seal of approval on new steel import tariffs in Brussels yesterday as it stepped up its efforts to fend off the damaging impact of US trade barriers. French pledge on tunnel freight FRENCH railway SNCF has pledged that Channel tunnel freight train services will return to a normal timetable next week.

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MARCH 27, 2002
Dubai docks death toll rises to 13 Australia rejects US fertiliser New York ports vulnerable Five confirmed dead in Dubai Tankers buoy up China Shipping No appeal by TACA Steel tariffs 'not harmful' - SA South Africa-Nigeria seek free trade The World arrives - three weeks late Liner relaunch for Indian Ocean Five confirmed dead in Dubai NOL chief Lua Cheng Eng to retire Hong Kong's export slide eases Rates drag NOL down to $57M loss Philippine box traffic inches up Migrant smugglers target agents 'Hundreds missing' in dock disaster AP Møller flags gloomy outlook Monica refugees 'not from Lebanon' Cyprus-EU members in shipping pact Chinese steel exports hit Thailand trade shows decline Clarkson record tinged with warning Fatalities feared in dock disaster Dubai Drydocks gate collapses

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MARCH 27, 2002
Hitting low-water mark? While sinking container rates led Maersk Sealand's parent to forecast a troubled year, NOL was blaming the liner business for pushing it into the red in 2001. In Germany, regulators approved a plan by containership owners to form a lay-up pool aimed at reversing the steep slide in charter rates. Union chief 'optimistic' on UPS talks as plans for strike fund proceed Teamsters President James P. Hoffa said he was optimistic that his union could reach agreement on a new contract with United Parcel Service, but wouldn't rule out the possibility of a strike against the express giant. Hearing finds Port of New York still a terror target Tighter security for Seaway U.S. firm said to quit Taiwan air cargo project Pacer International net falls EU enacts steel tariffs France, Italy reach tunnel deal Fatal shipyard flood in Dubai Carriers won't appeal EU ruling Econocaribe launches LCLto Spain Lufthansa to use DHL jets for intra-Euro express business

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PSA Corp contrôle désormais la Hesse Noord Natie à 80% On s’en doutait depuis quelque temps. Le transfert des titres de la Hesse Noord Natie intervenu hier l’a confirmé: le groupe PSA de Singapour a pris officiellement le contrôle de la société de manutention portuaire Hesse Noord Natie avec une très forte majorité, soit 80%. Rappelons que la valeur totale de l’entreprise avait été estimée à 630 mio. d’euros, soit 25,7 mia. de BEF, ce qui signifie que, compte tenu des filiales à participations, PSA Corp vient de procéder à un investissement de l’ordre de quelque 480 mio. d’euros, soit un peu plus de 19 mia. de BEF. Cobelfret alignera en 2003 des bateaux ro/ro d’estuaire Les trois premières péniches d’estuaire à caractère révolutionnaire pour cargaisons ro/ro, développées par Cobelfret en coopération avec Maritiem Research Instituut de Wageningen, Lloyd’s Register of Shipping et l’Inspection maritime belge, ont été commandées au chantier naval néerlandais Daemen de Bergum en janvier dernier. Via ce concept, Cobelfret veut poursuivre l’intégration verticale de ses services. Dans ce contexte, la navigation intérieure était le maillon manquant outre les propres terminaux déjà existants pour traiter les propres navires, les propres semi-remorques et containers pour charger les navires et finalement les propres camions et wagons ferroviaires pour assurer le transport de et vers les ports maritimes. Les utilisateurs du tunnel sous la Manche réclament une normalisation rapide du trafic Lors de la Rail Freight Conference organisée hier à Calais, une centaine d’utilisateurs du tunnel sous la Manche se sont penchés sur le problème de la prestation de services déficiente via le tunnel. Ils demandent que le service soit normalisé le plus rapidement possible et que la sécurité soit améliorée côté français. Accord franco-italien sur l’ouverture progressive du tunnel du Mont-Blanc Le ministre français des Transports, Jean-Claude Gayssot, et son homologue italien, Pietro Lunardi, ont aplani mardi soir en marge du conseil des ministres européens à Bruxelles le différend qui opposait leurs pays au sujet de l’ouverture du tunnel du Mont-Blanc. Ils ont décidé de demander à un groupe de travail d’experts de présenter un agenda pour une réouverture progressive du tunnel, d’abord pour les camions de moins de 19 tonnes, puis aussi pour le trafic local et enfin - “avant l’été” - pour tout le trafic.

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MARCH 27, 2002
Conrad Industries secures shipbuilding deal The Louisiana-based firm locks in a six-tug boat deal, with one ferry boat contract pending. Stelmar secures term charter goal The Stelmar fleet's 2002 net operating days on time charter increase to 77%. Olympic Explorer ready to go Delivery of the new Royal Olympic cruise ship was delayed for more than one year. Tidewater ratings downgraded The offshore supply vessel owner's first quarter earnings are likely to be lower-than-expected. Restructuring hits Stolt Chemical tanker owner pushed into the red as its pays cutback bill. Petrobras fills slot for period VLCC Owner fixes tanker at weaker time-charter rate, but betters potential spot market earnings. NOL 2001 losses reach $57m Liner and logistics drag Singapore firm down, while profitability improved at tanker operation. Clarkson homes in on ship manager Shipbroker narrowly missed Acomarit tie-up in search for route back to ship management. Chairman Lua retires from NOL Lua Cheng Eng finally takes a backseat after 33 years with Singapore liner giant. US objects to fleet auction Move threatens to scupper deal between Millenium Seacarriers and Wayland. Clarkson logs record returns But shipbroking giant warns high profitability cannot be maintained if market conditions persist. Tavoularis moves on rival Unsuccessful bidder to have role in privatised Hellenic Shipyards. Seawise and Platou team up in Singapore Australian broker ties up with slimmed down Norwegian shop in island state. Pakistani crew members abscond in US US attorney general Ashcroft orders "substantial investigation" into immigration failure. Labroy Group sees healthy rise in profits Improved tug and barge sector plus buoyant yard scene help Singaporean firm avoid the gloom. V.Ships in offshore expansion Leading shipmanager aims to offer management and crew services for the offshore shipping sector.