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PSA Marine to buy stake in Aussie firm
PSA Marine will buy a 20 per cent stake in Australian-listed Mermaid Marine Australia Ltd, in a A$7 million deal which gives the Singapore company access to support contracts of the continent's booming offshore oil and gas industry.
AP Moller's shipping unit doubles H1 profits
Ningbo port's exports at record high
New York port to deepen waterway

Air and Land Transport

US Airways asks court to reject labour agreements
US Airways Group Inc has asked the court handling its Chapter 11 bankruptcy case for permission to cancel current labour agreements covering about 19,000 workers if it fails to negotiate less costly pacts with them.
US to limit overseas flights on Sept 11
EVA Airways returns to profit
US won't delay deadline on cockpit doors
'Tiger' Branson bares his teeth at Macquarie Bank
Vietnam Airlines to lease two new Boeing 777s
Log Book

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Shipping News

PSA Marine to buy stake in Aussie firm
PSA Marine will buy a 20 per cent stake in Australian-listed Mermaid Marine Australia Ltd, in a A$7 million deal which gives the Singapore company access to support contracts of the continent's booming offshore oil and gas industry.
AP Moller's shipping unit doubles H1 profits
Ningbo port's exports at record high
New York port to deepen waterway

Air and Land Transport

US Airways asks court to reject labour agreements
US Airways Group Inc has asked the court handling its Chapter 11 bankruptcy case for permission to cancel current labour agreements covering about 19,000 workers if it fails to negotiate less costly pacts with them.
US to limit overseas flights on Sept 11
EVA Airways returns to profit
US won't delay deadline on cockpit doors
'Tiger' Branson bares his teeth at Macquarie Bank
Vietnam Airlines to lease two new Boeing 777s
Log Book

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Ba-Shi Yuexin, DFDS, K&N secure NVOCC licences Mitsui OSK rebrands, renames HK regional headoffice APL takes up Hanjin slots, restores full service Port of NY-NJ budgets US$1.8bn for channel dredging Elite picks VeriCenter for business applications China Southern receives first of 20 craft in fleet renewal World Airways keeps Nasdaq listing, for now Delta, South African expand code-share to Uganda

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AUGUST 29, 2002
Hapag-Lloyd expands fleet Hapag-Lloyd today signed a contract for the long-term charter of four large containerships in order to increase its capacities in view of the ongoing growth in global container transport. Warning lower revenue Roadway Roadway announced today that due to a slower than expected economic recovery, it has experienced tonnage and revenue levels that are slightly below internal projections. New Schenker logistics center in Finland Schenker recently opened a new 14,500 m2 logistics center in Kouvola, Finland. Frans Maas reports net profit of 5.7 million Eurropean forwarding and logistics group Frans Maas recorded turnover of 516 million euro in the first half of 2002, a fractionally higher figure than in the same period of 2001. Maersk Sealand expects loss A.P. Moller, the Danish shipping, energy and industrial group, said after-tax earnings were good, but lower rates are pushing the division to a loss for all of 2002.

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AUGUST 29, 2002
OPEC supply increase would just sanction current cheating Daily Bunker market report from Praxis Energy Agents (Thursday) Fuel oil softens in the ARA Small increase on the cards from OPEC? Uruguay bunker market well supplied ahead of long refinery closure Brief respite in Singapore availability situation Tight avails in sluggish Istanbul Mixed avails and demand in Gibraltar Congestion expected in the Canary Islands Demand continues to rise in Piraeus Customs inventory forces Italian weekend shutdown Tokyo Bay plays the waiting game Daily Bunker market report from Praxis Energy Agents (Wednesday) Rotterdam steadies with crude Business as usual in New York and Philadelphia Essential Bunkerdesk Maintenance

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AUGUST 29, 2002
CP ships closes on purchase of four ice-strengthened ships New Schenker logistics centre in Finland serves transit traffic to and from Russia EMERA, JSG and MARCO lines to raise BAF from October 1, 2002 Zim Israel Navigation Company to join customs trade partnership against terrorism Berben Logistics opens hub in Halkali (Turkey) PSA Marine Pte Ltd signs conditional agreement to subscribe 20% stake in Mermaid Marine Australia Limited Manila terminal volume to hit 1 million TEU Nigeria's maritime ports: fuel imports up by 20% Egyptian Navigation Co. appoints agent in Spain After the flood: Elbe reopened to shipping at Magdeburg

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AUGUST 29, 2002
Kvaerner Philadelphia ratifies new labor contract Kvaerner Philadelphia's new union contract extends through December 2006. Shipowners appeal INS treatment of crews A "Round Table" of shipowners' associations has written INS Commissioner James Ziglar complaining of harsh and inconsistent treatment of visiting seafarers

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AUGUST 29, 2002
First US Customs officers report for duty in Rotterdam Crowley logistics subsidiary sends C-TPAT application to Customs Port of Tacoma returns to airwaves on Pierce County Report television show Steel imports into US up six percent in July Coast Guard acts on report of wastewater spill from cruise ship

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Sfida Usa al terrorismo in mare Volano i costi dei controlli

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Germans seize Israeli military cargo ISRAEL'S defence ministry has confirmed reports that a shipment of Israeli military equipment destined illegally for Iran has been detained in Hamburg for the past two weeks. Shipper fury as lines sit on Asia capacity CONTAINER lines moving cargo from Asia to Europe are scrambling to find space after a surge in demand caught most by surprise and left shippers fuming. Hapag-Lloyd profits dip as volumes rise HAPAG-LLOYD has increased transport volume over the first half of this year, as predicted, but nevertheless suffered a huge drop in profits. Troubled PGS in move to London DEBT laden US-Norwegian survey ship and floating production vessel owner Petroleum Geo-Services yesterday said its corporate headquarters would decamp to London as the first move in its lifeline restructuring plan, writes Jerry Frank. NYK Line put in frame to buy Ceres Terminals JAPAN'S NYK Line is reported to have expressed interest in Ceres Terminals, the US container operator.

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AUGUST 29, 2002
Dole invests to beat queues Philadelphia labour deal praised VV-Line opens Latvia link Value of security guards questioned Canal toll hike hits Chile exports Damen closes shipyard subsidiary Police monitor Greenpeace ship Hellas Flying Dolphins head ousted Bimco seeks for INS dialogue US seafarer discrimination blasted Suape rebuilds its customer base Stevedores link at vehicle terminal Bow Eagle heads for repair yard Seized Zim cargo destined for Iran Frontline eyes closer links with BP PSA Corp to go offshore Thai Maritime hopes remain alive King appointed at Geraldton port Colombia to boost river transport Samho yard workers go on strike

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AUGUST 29, 2002
West Coast port labor talks hit snag Port employers rejected the latest contract offer from longshoremen, saying it repackaged proposals they had turned down at the start of negotiations. Atlas Air names former TWA chief The all-cargo carrier named Jeffrey H. Erickson, a former president and chief executive of Trans World Airlines, to succeed Jim Matheny. Intermodal continues hot run Intermodal traffic on U.S. railroads reached its highest weekly level in almost two years, according to the Association of American Railroads. Shipowners assail U.S. vessel security measures Taiwan panel moves on e-logistics Port Authority, Newark in lease accord Hapag-Lloyd charters four box ships Pakistan regulates freight, other charges CP Ships closes on vessel buys Zim to join C-TPAT Roadway revises 3Q estimates CN opens Montreal intermodal hub MOL orders heavylift ships

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DSV: résultats semestriels en hausse mais inférieurs aux prévisions L’augmentation du bénéfice d’exploitation réalisé par le groupe de transport et logistique danois DSV au premier semestre de l’année a été inférieure aux 3% avancés. Cette prestation quelque peu décevante est attribuée à deux des quatre divisions du groupe, à savoir Air & Sea et Logistics. AP Møller est parvenu à masquer la faiblesse du shipping Conformément aux obligations légales, le groupe danois AP Møller a rendu publics les résultats de ses deux compagnies cotées à la bourse de Copenhague pour le premier semestre de l’exercice en cours. Il l’a fait en adoptant une nouvelle présentation comptable, qui a eu pour effet de hausser considérablement la valeur des actifs. De plus, les résultats englobent pour la première fois ceux des compagnies affiliées, alors que n’étaient prises en considération précédemment que les dividendes de filiales comme Mærsk Inc USA, Mærsk Air et Mærsk Logistics. Conséquence: un bénéfice net en hausse de 2 milliards de couronnes danoises à 9 mia. de DKK (1,20 mia. d’USD), contre 7,4 mia. de DKK en juin 2001, ce qui s’est traduit par une hausse de respectivement 17% et 18% des actions des deux compagnies cotées à la bourse de Copenhague. Bénéfice net en baisse de 45% pour Frans Maas Le groupe d’expédition et de logistique Frans Maas a enregistré au premier semestre un bénéfice net de 5,7 mio. d’EUR, soit 45% de moins que les 10,4 mio. d’EUR réalisés par l’entreprise au cours de la même période de l’an passé, mais c’est remarquablement mieux que les 1,9 mio. d’EUR du second semestre 2001. La Deutsche Bahn évalue à plus d’un milliard d’EUR la facture des inondations Le bilan encore provisoire des inondations catastrophiques des dernières semaines s’élève pour la Deutsche Bahn à plus d’un milliard d’EUR. C’est ce qu’a déclaré à Berlin Harmut Mehdorn en présence du ministre des Transports Kurt Bodewig et du chancelier Gerhard Schröder.

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AUGUST 29, 2002
Ryndam may bring more lawsuits to HAL Ryndam discharges about 40,000 gallons of wastewater into Alaskan waters. COSCO to strengthen coal shipping COSCO signs trade information sharing agreement with major Chinese coal producer. Bow Eagle inquiry to start Friday Odfjell's tanker has arrived in Rotterdam following its fatal collision with a French fishing vessel. Panamanian bulker grounded in Duluth The 22,388-gt Fraser missed a turn in foggy sailing conditions. Zim ship entangled in Iran-cargo row German customs authorities send back two containers of military equipment back to Israel. Samudera profit shrinks Foreign exchange losses push down returns for Jakarta-headquartered owner. Shih Wei boosts bottom line Operating results weaker in first half, but financial items bail out Taiwanese bulker owner. Moody's cuts Hitachi Zosen's ratings The Japanese shipyard may not be able to restore profitability amid weak economic environment. Losses shrinking at Minoan Greek ferry owner cut net losses and pushed up operating profits in the first half of this year. Jinhui slides into the red But shipping operations manage to produce interim and second quarter profits. Star Reefers shines in first half Norwegian owner hits hot streak in reefer market and forecasts higher profit this year. Industry appeals to US over treatment of seafarers Bimco leads shipping protest against "inconsistent" and "unfair" port security measures in the US. Strintzis cuts losses Greek ferry owner improves returns and volumes despite fleet reductions. Shipping disappoints Brambles Australian group's Bass Strait operations coming under increasing competition from rivals. PSA takes stake in Aussie offshore operator Singapore port operators' subsidiary in geographical expansion with 20% stake in oil and gas firm.