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Shipping News

Box volume growth in H1 could skim off H2 surge
SURPRISINGLY strong containerised volume growth in the first half of 2002 could detract from a predicted second-half surge as shippers stock up early, analysts suggest.
Keppel Philippines posts 46% increase in Q1 net income
US bridge crashes after barge hits it
Carnival against selling Cunard for P&O Princess
Dozens of Russian ships trapped in ice
Ambitious expedition to lift USS Monitor's turret

Air and Land Transport

Searchers closing in on black box
MINESWEEPING ships were helping investigators yesterday in the search for the voice and flight recorders of a China Airlines jet that broke up high over the Taiwan Strait, killing 225 people.
Garuda teams up with M'sian agencies to tap Mid-East market
All Nippon computer glitch hits flights
US offers bonus to private screeners at airports
S Korea's China services eclipse Japan routes

web site

Shipping News

Box volume growth in H1 could skim off H2 surge
SURPRISINGLY strong containerised volume growth in the first half of 2002 could detract from a predicted second-half surge as shippers stock up early, analysts suggest.
Keppel Philippines posts 46% increase in Q1 net income
US bridge crashes after barge hits it
Carnival against selling Cunard for P&O Princess
Dozens of Russian ships trapped in ice
Ambitious expedition to lift USS Monitor's turret

Air and Land Transport

Searchers closing in on black box
MINESWEEPING ships were helping investigators yesterday in the search for the voice and flight recorders of a China Airlines jet that broke up high over the Taiwan Strait, killing 225 people.
Garuda teams up with M'sian agencies to tap Mid-East market
All Nippon computer glitch hits flights
US offers bonus to private screeners at airports
S Korea's China services eclipse Japan routes

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Mexico's TMM gets nod to expand Manzanillo port Consolidated Freightways gets US$200m GE freight contract Contship's north-south strings win Lloyd's awards Lykes adds Italian calls on Gulf-Mediterranean string Dragonair adds Xiamen to freighter network Delta Air, South African Airways codeshare on Zambia IATA members to meet in Shanghai

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MAY 27, 2002
Deutsche Post to invest in Asia Deutsche Post World Net is to invest more heavenly in Asia in the forthcoming years. Boeing to deliver fewer widebodies Boeing will deliver eight fewer widebody jets next year than it had planned, although it still expects to deliver between 275 and 300 planes in 2003 as previously forecast, commercial airplanes boss Alan Mulally said at Boeing's annual investors conference. New boss for UK airline services The Airline Group, which controls National Air Traffic Services, is expected shortly to appoint Derek Stevens, former British Airways chief financial officer, as non-executive chairman. UPS, Teamsters report progress UPS and The Teamsters, last week threatening UPS with a strike, both stated that the last negotiations brought progress. Express carriers demand EU-aid Express carriers in Europe are in need of aid from the European Union and national governments in order to comply with new European Union aviation security measures to be discussed by European ministers mid-June.

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Ship registration norm eased to facilitate quick finance WTO sets up compliance panel on Indo-EU bed-linen issue India seeks more time to settle DSB ruling on automobile policy Indian co may set up gold refinery in Dubai US opposes Indian plea for DSB panel - 'Rules of origin' for textiles Anti-dumping duty on lead acid batteries imposed Ports-induced road traffic in Gujarat projected to rise by 14 pc MoF to consider plan to restructure HSL KoPT taking steps to become more Port user-friendly New alumina silo to raise exports through Vizag Port Bids invited to study scope of new Maritime Authority 5 pc rise in air freight volume predicted Air service talks with Singapore, UK in June Forex reserves swell by $ 92 million to $ 55,712 million STPI exports up by 47 per cent Government modifies MDA eligibility provisions TAMC moots new subsidy scheme to upgrade powerlooms Ficci signs MoU with Japanese institute to face cheap imports Rising export demand will haul industrial growth: Ascon survey Exim Bank study projects steep rise in silk exports ATMA registers 6.03 pc rise in tyre exports Cotton imports rise to Rs 2,046 cr. PM's Council on Trade, Industry to meet on June 12 Chinese team has a look at Indian FMCGs

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MAY 27, 2002
380-180cst spread narrows in ARA, MDO still tight Russia willing to resume OPEC cooperation if oil falls below $20 Brazil: Supply back to normal in Salvador and Santos Oil a little softer in London as fundamentals take over from war premium Panama Canal: Major Lane outages

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MAY 27, 2002
Port of Constantza to host Danube Summit Conference on June 26 - 27, 2002 Iberi raises number of flights between Spain and Turkey to six a week Columbus Line joins Asia/Australia/New Zealand trade Port of Oakland celebrates official opening of new Joint Intermodal Terminal Cathay to increase its services and bring back aircraft Continental opens New York facility Exel acquires cargo handling space near Narita Airport (Tokyo) Danzas North America marks 30 years of Alaska service Alpine Air Express launches fresh service in Texas Bulgaria and Greece to build joint customs checkpoint

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Maritime Policy: Wako Put the Cart Before the Horse IMB: Somalia Coast the 'Most Dangerous' ITF Warns on Al-Najat 'Jobs'

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DNV up in air after exit of money man Midttun resigns NORWEGIAN classification society Det Norske Veritas has been thrown into turmoil after the abrupt resignation of chief executive Helge Midttun. Carnival vows not to sacrifice Cunard Carnival is prepared to give regulators a commitment to sell P&O Princess' four-ship UK cruise business in order to secure Brussels' approval for its contested takeover bid, writes Tony Gray. Owners face war risk hike for Pakistan calls SHIPOWNERS face being asked to pay thousands of dollars of extra insurance premium for each voyage involving calls at Pakistan, as tensions threaten to erupt into war.

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MAY 27, 2002
China keen on yard talks Fosen Mek in bankruptcy talks Posford to design Oman port Inter Ferry Boats hits the buffers Salvors urge IMO on refuge Dutch detained over fireworks Salamis axes MidEast ferry link Chennai cleans up Carnival kills Cunard sale rumours Columbus discovers Asia services BIMCO in step on security measures Data system to cut Santos paperwork Up to 800 to go at struggling HDW Aluminium Bahrain signs Alcoa deal DNV chief exec resigns Dozens killed in ferry sinking

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MAY 27, 2002
Express carriers want Euro gov'ts. to foot some of increased security bill Express carriers in Europe are calling for government aid to help meet added security costs under new aviation security regulations expected to take effect next year. Weblog: Railroads get warning on terror attacks In Argentina, trade gains amid chaos Export industries are gaining strength despite economic turmoil and political upheavals, a U.S. diplomat says. Teamsters, UPS making progress Senate passes trade legislation Deutsche Post targeting Asia: CEO CSX vies for stake in China port Trailer Bridge facing delisting by Nasdaq Bangor & Aroostook RR sold - again Bertling adds U.S.-SA bulk service Yellow plans rate hike STX gets Italian tanker order Ryder to manage Honda deliveries

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Le Canal du Centre rénové sera mis en service en septembre prochain Le Canal du Centre rénové sera officiellement mis en service le 2 septembre prochain. Les travaux entamés il y a vingt ans se termineront à cette date. L’ascenseur de Strépy-Thieu, qui permet aux navires du type Europe de surmonter un dénivellement de 73,15 mètres d’un seul trait, est bien entendu la pièce maîtresse de la modernisation du Canal du Centre. Mais le pont-canal du Sart, qui fait 500 mètres de long et qui domine la vallée du même nom, est également un ouvrage d’art d’une haute technologie. Joyau ouvre deux nouvelles agences en France L’entreprise de messagerie et de transport express poursuit sa progression. L’ouverture de deux nouveaux sites signifie une nouvelle extension du réseau sur le territoire français. L’agence d’Epinal sera mise en service le 3 juin prochain et celle de Paris Ouest à Coignières le sera le 1er juillet. Le groupe disposera alors de cinquante bureaux en France. Les ports intérieurs reconnus comme des carrefours importants dans les RTE La Fédération européenne des ports intérieurs (FEPI), qui représente déjà plus de 200 ports intérieurs dans 18 ports européens, est particulièrement satisfaite du programme européen Marco Polo, qui octroie des aides financières aux initiatives intermodales dans un cadre plus vaste que le précédent PACT. Le fait le plus important pour la FEPI a toutefois été l’intégration complète, par le Conseil et le Parlement en mai 2001, des ports intérieurs dans les RTE. Cette reconnaissance doit assurer le rôle d’avenir des ports intérieurs dans une Europe intermodale. Ro-Ro 2002 ouvre ses portes à Lübeck Ce mardi 28 mai s’ouvre au centre de congrès de Lübeck la 16e conférence internationale Ro-Ro, manifestation qui s’accompagne comme à l’accoutumé d’une importante exposition. Cette manifestation revêt cette année un caractère particulier pour de multiples raisons. La libéralisation dans le contexte des trafics maritimes propres à l’UE, du Short sea/cabotage et plus précisément dans le secteur des ferries, a pour conséquence de mettre fin à des situations de monopole. Des nouveaux venus sont ainsi apparus dans des trafics jusqu’alors réservés à des compagnies nationales.

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MAY 27, 2002
HHI completes Samho takeover The South Korean shipbuilder's annual shipbuilding capacity is raised to 5.8m-gt. Big loss but no cash call for Gard Leif Terje Loddesol led club sticks to estimates despite $50m deficit. Fosen Mek near to bankruptcy Losses on The World and shipyard aid probe lead to crisis for Norwegian yard. RINA appoints new CEO Ugo Salerno takes over as CEO in the Italian classification society. Petrobras workers mull new strike Oil exports and vessel loading are expected to slow down if the three-day strike goes ahead as planned. MISC bulker held in US port checks Malaysian ship detained during April because crew had insufficient food aboard. KOGAS chief pleas for LNG contract flexibility As oil companies eye up stakes in soon-to-be privatised Korean gas company and court supply contracts. EC to approve HDW stock sale Bank One Corp's stock purchase is subject to a normal one-month review. Navigator Gas and Montanari settle Dispute over chartering of five giant ethylene carriers resolved. DNV sticks to its guns after Midttun debacle Class society stresses focus on safety and environment, but says it must also run a sound business. Farstad Shipping orders at Brevik Norwegian supply ship owner follows joint venture IOS in inking domestic newbuilding contract. Subsidy fraud fails to dent Sasebo profits Scandal-hit Japanese yard turns around losses and beats earnings forecast. IHI to build LPG FPSO Japanese yard says it is building "world first" with larger floating gas production and storage vessel. Midttun quits as DNV boss Controversy over salary and stakes in shipping firms spells the end for head of Norwegian class society. Sovcomflot hooks up with ChevronTexaco Russian and US giants cement new relationship with COA suezmax deal. Carnival ready to sell P&O Cruises Micky Arison names the line to go if this is the price of winning P&O Princess. Losses widen at Inui Japanese handysize bulker owner suffered in year to end-March, with more losses forecast this time around. Mitsubishi launches Diamond Princess First of two 113,000gt cruise ships building for Princess Cruises takes to the water at Nagasaki yard.