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Shenzhen port's box traffic soars 40%
CONTAINER traffic at China's southern Shenzhen port soared nearly 40 per cent in the first two months of 2002, confirming one of Hong Kong's worst fears - that more Chinese exporters are bypassing the territory and using cheaper local ports instead.
S'pore to keep its edge on transport, logistics sectors
Search continues for 23 workers
China to ease ownership controls on port facilities

Air and Land Transport

SIA, Cathay unlikely to join business-class fare war
SMALLER Asian airlines have launched a business-class price war to ride on a projected aviation recovery but major carriers such as Singapore Airlines and Cathay Pacific are likely to soar above the fray, analysts said.
Indian Airlines to buy 43 planes for US$2.25b
US cargo carriers ask FAA to drop cockpit door measure
Thousands stranded by UK air traffic glitch
Shanghai Int'l Airport's profit up on higher volumes
Narita's passenger numbers fall 8%
LOG Book

web site

Shipping News

Shenzhen port's box traffic soars 40%
CONTAINER traffic at China's southern Shenzhen port soared nearly 40 per cent in the first two months of 2002, confirming one of Hong Kong's worst fears - that more Chinese exporters are bypassing the territory and using cheaper local ports instead.
S'pore to keep its edge on transport, logistics sectors
Search continues for 23 workers
China to ease ownership controls on port facilities

Air and Land Transport

SIA, Cathay unlikely to join business-class fare war
SMALLER Asian airlines have launched a business-class price war to ride on a projected aviation recovery but major carriers such as Singapore Airlines and Cathay Pacific are likely to soar above the fray, analysts said.
Indian Airlines to buy 43 planes for US$2.25b
US cargo carriers ask FAA to drop cockpit door measure
Thousands stranded by UK air traffic glitch
Shanghai Int'l Airport's profit up on higher volumes
Narita's passenger numbers fall 8%
LOG Book

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MARCH 28, 2002
KLM selects Boeing freighter Hamburg's container handling on course French 'Autoroutes' priced at 25 euro UAL chief got triple salary, bonus Delta CEO pocketed 72 per cent less cash Frankfurt airport result down New Evergreen service first from Hamburg New chairman BNSF

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MARCH 28, 2002
US Gulf spot prices on the rise Thursday morning Demand slows down in Vancouver Healthy demand reported in New York and Philadelphia Montreal and Halifax market report Brazil market update Chile market report from PACSA Singapore bunker market largely steady today despite firm crude Fuel oil firm, distillates jump in Korea Mixed views on demand and avails in Japan Hong Kong and Taiwan firmer since last week Rotterdam morning market report

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MARCH 28, 2002
EU has its eyes on Olympic Airways again Green light for SAS and Spanair Tougher conditions for non-members Preussag wants all of Hapag-Lloyd A.P. Moeller Terminals: maybe open to third parties

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MARCH 28, 2002
Job for FPSO advocate American Shuttle Tankers L.L.C. (AST) has appointed Peter Lovie as VP business development It's official: Kiewit gets Marystown Beaton Tulk, Newfoundland's Minister of Industry, Trade and Rural Development, announced today that there is a new owner for the Marystown shipyard and Cow Head offshore fabrication facility Frigate consortium to offer corvette The Advanced Frigate Consortium (AFCON) says it will design, develop and market a new class of corvette-size ships for the international market WHOI orders coastal vessel The Woods Hole Oceanographic Institution (WHOI) and Gladding-Hearn Shipbuilding, Duclos Corporation of Somerset, MA, recently signed a contract to build a 60-foot vessel to replace the Institution's aging 46-foot coastal vessel Asterias

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MARCH 28, 2002
Dubai docks death toll rises to 13 Have your say Court rules 'danger ship' must stay 'No horizon' for LNG growth More draught for Great Lakes China eases port investment rules $4.5Bn in pending MarAd requests Rio successful in new system Steel tariffs anger West Coast buyers Korea objects to Euroyards move Strong results for Brittany Ferries Ruins row halts Piraeus Costa targets WCSA service HMM plunges to $240M loss Australia rejects US fertiliser PSA revenue, profits decline Zimbabwe faces huge maize shortfall Long Beach sees liner upswing Canada notes rise in steel imports Sprechen Sie Deutsch? Newbuild slump hits German yard Shareholders turn down Keppel offer

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MARCH 28, 2002
Feds should check "known shippers," air cargo execs say Air cargo executives told an industry meeting that freight forwarders don't have the expertise to verify whether a company is necessarily a legitimate business. Weblog: UPS wants cockpit door exemption KLM orders new freighters In a sign of optimism in the global aviation market, the Dutch airline orders three Boeing 747-400 freighters. HK exploring China logistics co-op The island territory wants a share of the logistics business in the booming Pearl River delta region just across the border with mainland China. Carriers adding Alameda Corridor fee Pakistan-to-Far East surcharges cut Lufthansa Cargo sets fuel surcharge Star Shipping names Gregertsen president TMM, KCSI consolidate Mexico rail holdings FMCSA fines Florida broker, motor carriers Davis elected MEBA president Death toll rises in Dubai shipyard flood CSX detours around New Orleans rail bridge fire La. ports group to hold conference

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MARCH 28, 2002
Death toll climbs at Dubai Drydocks At least 30 workers are believed dead after a horrific dock flooding in the Gulf state. Tidewater names new chief Dean Taylor takes over the reins of leadership from William O'Malley. FGH sells Marystown shipyard Operations of the Newfoundland shipyard will return to normal under new ownership. OMI improves cash liquidity The stronger cash flow will give the company an edge in the current weak tanker market. CMB reviews financial results The Belgian shipowning group will pay out a gross dividend of EUR 3 per share. MC Shipping reverses fortunes The Monaco-based shipping company posted a net income of $2.85m in 2001. Shell mulls Mexican LNG shipping plan The oil major has yet to finalise the exact source of the LNG so far. Shareholders put a block on Keppel T&T buyout Keppel Corp's restructuring hits snag after investors reject boxship owner's privatisation. Montanari looks for growth Profit set to rise as newbuildings boost Italian tanker owner. Polish yards get together Troubled industry forms Polish Shipyards to seek salvation in the east. Chu Kong fulfils prophecy of gloom Hong Kong ship agency and ports operator confirms forecast of reduced profit for 2001. Osprey results halve after fleet sales John Fredriksen's Singapore holding company moves into new mould following sell-offs. ExxonMobil pulls in offers Oil major nets big response on time-charter requirement as market flounders. Smit boosts profit Strong salvage result swells performance of Dutch tug group. Local bank bearish on NOL's 2002 prospects OCBC says weaker liner and tanker rates mean things will get worse before they get better. Asset sale hides Cosco Pacific profit decline Hong Kong-listed container leasing and port operator feels the ill wind of the global economic slowdown