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Shipping News

Underwriters want govts to share burden
SHELL-shocked marine insurance underwriters may be forced to turn to governments to shoulder the new burden of extreme war risk protection, a leading brokerage has warned.
Shanghai posts 10% growth in daily ship visits
US defence orders save Aussie firm
Taiwan unveils Asia's first self-righting rescue boat
CKYH to raise US-Europe services

Air and Land Transport

EU sets damages for stranded passengers in draft law
PASSENGERS left on the ground because their airline over-booked the plane or cancelled the flight will be entitled to cash compensation under a new draft European Union law which passed through the European parliament on Thursday.
Obese woman loses fight over narrow seats
Balkan Air may be liquidated this week
Skymark plans to double domestic routes from April
US Airways plans to lay off 471 more pilots

web site

Shipping News

Underwriters want govts to share burden
SHELL-shocked marine insurance underwriters may be forced to turn to governments to shoulder the new burden of extreme war risk protection, a leading brokerage has warned.
Shanghai posts 10% growth in daily ship visits
US defence orders save Aussie firm
Taiwan unveils Asia's first self-righting rescue boat
CKYH to raise US-Europe services

Air and Land Transport

EU sets damages for stranded passengers in draft law
PASSENGERS left on the ground because their airline over-booked the plane or cancelled the flight will be entitled to cash compensation under a new draft European Union law which passed through the European parliament on Thursday.
Obese woman loses fight over narrow seats
Balkan Air may be liquidated this week
Skymark plans to double domestic routes from April
US Airways plans to lay off 471 more pilots

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APL Logistics opens flow centre in Shanghai GeoLogistics obtains NVOCC licence for China market Shanghai Transportation introduces logistics courses Port of Long Beach breaks FY container record Council of Logistics India holds first seminar New rail head for ABP Connect KLM's second quarter operating income 70pc better Leisure Cargo Group appoints three major GSAs in Europe Swiss WorldCargo appoints Oliver Evans as executive VP

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OCTOBER 25, 2002
Singapore Airlines profit six-fold Singapore Airlines (SIA) today announced that its half-year net profit rose nearly six-fold to S$774 million (US$434.8 million) compared with last year, boosted by its cargo operations. Air Canada net income $125 million For the quarter ended September 30, 2002, Air Canada reported net income of $125 million or $0.91 per share, diluted, a $1.03 billion improvement from the restated third quarter of 2001. US West Coast talks resume One day after West Coast port employers charged longshoremen with staging illegal slowdowns, both sides sat down with a federal mediator on Thursday to restart contract talks covering union workers on the docks that handle more than half of U.S. trade. November strike in Spain Spanish port workers' unions have decided to step up their actions against the government policy to liberalise the Spanish ports. TMM Lines launches Europe-Africa-South America service TMM Lines has added a new route to its growing network of services calling at ports in Latin America. Manhattan Associates to acquire Logistics.Com Logistics.com signed a letter of intent for the acquisition of its assets by Manhattan Associates.

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Global Container Lines expanding liner service network - GCL in alliance with Lykes Lines SCI posts Rs 77 crore profit in Q2 - Liner Division's revenue up 42 pc US quality cotton for 3 textile mills in India Rubber export orders pouring in Nasscom sees software exports to Italy rising to $ 500 m SAIL imports record 4.6 lakh t coal through Paradip Port Cochin Shipyard bags first export order, lays keel of vessel for Abu Dhabi co. RBI group favours wider data disclosure on trade in services Financial circles anticipating Bank/repo rate reductions - RBI to announce credit policy tomorrow Kelkar panel report recommends rationalisation of customs, excise duty rates No duty cut on naphtha used for power units Airport project near Hyderabad faces environmental hurdle Scope for India's 'skill-based sectors' in China: CII-McKinsey study India joins ranks of organic soya farming club Asean Ministers give nod to India's proposal for RTIA Foreign Trade Analysis: Current Policy & Procedures - By M. Sreedharan WTI to confer on Maran the title of 'India's Silent Performer & Thought Leader'

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OCTOBER 25, 2002
Oil sharply down as war premium fizzles out Daily Bunker market report from Praxis Energy Agents (Friday) One step forwards for MARPOL Annex VI African market snapshots Japanese domestic market continues to constrict Tokyo bunkering Congestion continues in Rotterdam, market steady to soft Brazil: Prices drop and avails improve Plain sailing in Vancouver, USWC markets softer Slight rebound seen in US Gulf markets

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OCTOBER 25, 2002
The Björk.Eklund Group establishes a new company in Denmark to handle Evergreen's liner agency requirements ANA Aviation Services Ltd appointed to manage Mahan Air Cargo in the UK & Ireland APL Logistics included in "Top 10 3PL Excellence" list Amsterdam Airport Schiphol shows passenger traffic recovery TNT Express boosts North American Express Services Jet Aviation London Biggin Hill receives Saudi PCA repair station approval TMM Lines launches service between Europe, Africa and East Coast of South America JAL modernises its freighter fleet

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OCTOBER 25, 2002
FBI warns of threat to tankers A recent FBI alert warns that al-Qa'ida plans to weaken the petroleum industry by conducting additional sea based attacks against large oil tankers Carnival poised to win Princess The board of P&O Princess has already paid a $62.5 million break fee to Royaal Caribbean as it endorses an offer from rival Carnival Corporation.

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British warship in collision with P&O ferry Britain's newest warship was seriously damaged in a collision with a P&O ferry in Portsmouth harbour as fierce storms lashed southern England, writes Carly Fields. US container security 'dangerously' vulnerable to attack by terrorists A US taskforce has issued a chilling security assessment of the continued terrorist threat to container transport and energy distribution hubs, writes John McLaughlin. Carnival woos P&O with bid fit for Princess CARNIVAL looks set to gain control of P&O Princess next year, after revising its partial-cash offer worth £3.5bn ($5.5bn) to a dual-listing structure similar to the one proposed by rival Royal Caribbean.

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OCTOBER 25, 2002
Sale to MSC not enough for Incat Tax refund keeps SCI in the black Kenya completes Al Najat probe Liners add up cost of lock-out Brazilian defies Mercosul downturn Fruit import policy under pressure P&O Princess drops RCCL plan Australia split by Stadacona move Cruise subsidy hit by weapons fear USWC carriers to lose up to $700M PNSC seeks tankers to cover deal Press barred from security workshop Maritime backs Chavez opposition Singapore traps more surveyors North-South boost for Irano-Hind Canadians find way round BC dispute Jurong to boost box capacity Gulf states to unveil oil strategy

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OCTOBER 26, 2002
Feds won't tolerate port slowdowns Federal prosecutors suggested they may take union longshoremen to court to enforce a federal order that cargo handling resume at a "normal pace" at West Coast ports. Declining yields top air-cargo concern Yield decline is foremost in the minds of air-cargo executives, according to a survey by The International Air Cargo Association. Panel finds U.S. logistics vulnerable to terror U.S. terror alert for railroads China joins box security program High costs may curtail U.S.-Canada truck lanes Customs, business in border clash Daewoo Shipbuilding profit up 319% Recovery for Swift Transportation earnings Teamsters end Overnite strike Navistar in labor pact; expects loss FGH completes sale of marine unit

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OCTOBER 26, 2002
La Commission et les douanes US pourraient s’entendre dans le dossier CSI La Commission européenne se montre positive à l’égard de l’attitude des douanes américaines concernant le développement de la Container Security Initiative (CSI). La tendance à conclure des accords avec des pays individuels est poursuivie, mais les récents et nouveaux accords pourraient dans une phase ultérieure être remplacés par un accord au niveau européen. Une nouvelle concertation, cette fois-ci entre la CE et le nouveau ministère du Homeland Security, aura lieu le 4 novembre prochain. Entre-temps, l’exigence américaine selon laquelle le manifeste de cargaison doit être disponible dans les bureaux des douanes américaines 24h avant le chargement du navire reste un point de litige. Positif par contre est le fait que le Sénat américain et la Chambre des Représentants ont convenu de laisser tomber la taxe de sécurité annoncée de 15 à 20 USD par container (voir encadré). ExxonMobil implante un EDC pour les films plastiques à Aubange ExxonMobil a tout récement mis en service un nouveau centre européen de distribution (EDC) dédié pour sa division de production de films OPP, ExxonMobil Chemical Films Europe. Le centre est implanté à Aubange, dans la province du Luxembourg. L’intercommunale de développement Idelux, qui met très fort l’accent sur les projets logistiques, enregistre ainsi un nouveau succès, après entre autres l’implantation de l’EDC d’Autover à Bastogne. La gestion de l’entrepôt a été confiée au groupe de transport Jost. Transpacifique: les surcharges “d’urgence” se profilent à l’horizon L’introduction de surcharges dites d’urgence (emergency surcharges) devient inévitable dans le secteur du transpacifique, pour compenser les coûts supplémentaires engendrés par la congestion et la situation de chaos qui règnent dans les ports de la côte ouest des Etats-Unis. Lors de sa dernière réunion, l’organisation TSA (Transpacific Stabilisation Agreement) n’est pas parvenue à réaliser un consensus entre ses membres sur un montant précis, ce qui a pour conséquence de laisser toute liberté d’action en la matière aux armements en question.

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OCTOBER 25, 2002
US gets tough on ocean polluters Assistant engineer of car carrier Cygnus spent six months in jail. Hual Europe declared CTL Total loss of newest car carrier set to hit Leif Hoegh's results. Colder winter to boost oil demand Higher VLCC rates are to correct downward in near term. UK detains 16 foreign vessels Maltese-flagged oil tanker Isola Scarlatta was held for four days. P&O Princess to wed Carnival Jilted lover Royal Caribbean paid off with $62.5m break fee. Earnings up at Unitor But Szczecin yard troubles bite into order reserve of Jens Ulltveit-Moe ship supplier. Daewoo profits soar High-value LNG orders start to bring in the dollars for Korean builder. Tax refund boosts SCI Higher profit for soon to be privatised Indian shipowner. SSY brings in new consultancy arm Acuma Consulting to boost freight derivative and risk management services for broking giant. Fred Olsen stacks up losses Tough tanker market hits Bonheur and Ganger Rolf. Sundream set for Southampton refit It's business as usual at Sun Cruises as passenger ship goes ahead with scheduled drydocking. Crossland named in fat cat survey Embarrassment for boss of troubled MyTravel as it emerges he was second highest earner among UK blue chip firms. Unitor inks MISC LNG fire kit deal Ship supplier wins contract to retrofit fire protection systems on three Malaysian gas carriers. SembCorp ups stake in repair arm Singapore engineering conglomerate has bought 10m shares in SembCorp Marine. Stelios donates tanker stock to CYMEPA Stelmar founder makes $200,000 gift to Cyprus environmental group he launched a decade ago. ST Engineering completes Halter acquisition Singapore group hopes acquisition will help it penetrate US repair and newbuilding markets.