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Shipping News

S'pore may tighten port quarantine procedures
SINGAPORE's cargo seaports may follow other Asian ports and tighten crew quarantine procedures in the wake of fears of the first case of severe acute respiratory syndrome on board a ship.
US steps up checks on foreign ships
THE American Centers for Disease Control and Prevention has announced new precautions for commercial shipping and cruise ships entering the US from Sars hot-spots, including Singapore.
Flat liner trade no excuse for profit problems
DESPITE a lacklustre liner business during the last year, many shipping companies are simply using this as an excuse for their 'profitability problems', said the head of Mitsui OSK Lines .
Iraqi port not ready for commercial use
RESPONDING to what it says have been numerous inquiries on the status of the Umm Qasr Port in Iraq, the US Fifth Fleet's Maritime Liaison Office in Bahrain confirmed the port is now in coalition hands, but is not ready for commercial operations.
Bangladesh cargo rates to Europe rise 14% after war
FREIGHT rates for Bangladeshi cargoes bound for ports in Europe have risen more than 14 per cent since the start of the Iraq war, shippers said.
No collision in Daya Bay incident
THE owner of a Singapore-flagged tanker said yesterday that it was not involved in a collision with another tanker in an incident off China's southern coast in which a Filipino crewman died.

Air and Land Transport

US lawmakers propose aid for airlines, workers
US House and Senate spending panels approved separate proposals for over US$3 billion in airline relief on Tuesday, that included help for unemployed workers and tied aid to limits on executive pay.
Delta, Northwest, Continental get alliance approval
Boeing plans to launch 7E7 by end '04
Air Canada seeks bankruptcy protection
French parliament gives nod to Air France privatisation
KLM slashes jobs to cut costs

Newbuilds

Confident owners continue container ship ordering spree
ALTHOUGH there have not been many publicised contracts in the past fortnight, the newbuilding market is a busy place right now.

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Shipping News

S'pore may tighten port quarantine procedures
SINGAPORE's cargo seaports may follow other Asian ports and tighten crew quarantine procedures in the wake of fears of the first case of severe acute respiratory syndrome on board a ship.
US steps up checks on foreign ships
THE American Centers for Disease Control and Prevention has announced new precautions for commercial shipping and cruise ships entering the US from Sars hot-spots, including Singapore.
Flat liner trade no excuse for profit problems
DESPITE a lacklustre liner business during the last year, many shipping companies are simply using this as an excuse for their 'profitability problems', said the head of Mitsui OSK Lines .
Iraqi port not ready for commercial use
RESPONDING to what it says have been numerous inquiries on the status of the Umm Qasr Port in Iraq, the US Fifth Fleet's Maritime Liaison Office in Bahrain confirmed the port is now in coalition hands, but is not ready for commercial operations.
Bangladesh cargo rates to Europe rise 14% after war
FREIGHT rates for Bangladeshi cargoes bound for ports in Europe have risen more than 14 per cent since the start of the Iraq war, shippers said.
No collision in Daya Bay incident
THE owner of a Singapore-flagged tanker said yesterday that it was not involved in a collision with another tanker in an incident off China's southern coast in which a Filipino crewman died.

Air and Land Transport

US lawmakers propose aid for airlines, workers
US House and Senate spending panels approved separate proposals for over US$3 billion in airline relief on Tuesday, that included help for unemployed workers and tied aid to limits on executive pay.
Delta, Northwest, Continental get alliance approval
Boeing plans to launch 7E7 by end '04
Air Canada seeks bankruptcy protection
French parliament gives nod to Air France privatisation
KLM slashes jobs to cut costs

Newbuilds

Confident owners continue container ship ordering spree
ALTHOUGH there have not been many publicised contracts in the past fortnight, the newbuilding market is a busy place right now.

web site

Shipping News

S'pore may tighten port quarantine procedures
SINGAPORE's cargo seaports may follow other Asian ports and tighten crew quarantine procedures in the wake of fears of the first case of severe acute respiratory syndrome on board a ship.
US steps up checks on foreign ships
THE American Centers for Disease Control and Prevention has announced new precautions for commercial shipping and cruise ships entering the US from Sars hot-spots, including Singapore.
Flat liner trade no excuse for profit problems
DESPITE a lacklustre liner business during the last year, many shipping companies are simply using this as an excuse for their 'profitability problems', said the head of Mitsui OSK Lines .
Iraqi port not ready for commercial use
RESPONDING to what it says have been numerous inquiries on the status of the Umm Qasr Port in Iraq, the US Fifth Fleet's Maritime Liaison Office in Bahrain confirmed the port is now in coalition hands, but is not ready for commercial operations.
Bangladesh cargo rates to Europe rise 14% after war
FREIGHT rates for Bangladeshi cargoes bound for ports in Europe have risen more than 14 per cent since the start of the Iraq war, shippers said.
No collision in Daya Bay incident
THE owner of a Singapore-flagged tanker said yesterday that it was not involved in a collision with another tanker in an incident off China's southern coast in which a Filipino crewman died.

Air and Land Transport

US lawmakers propose aid for airlines, workers
US House and Senate spending panels approved separate proposals for over US$3 billion in airline relief on Tuesday, that included help for unemployed workers and tied aid to limits on executive pay.
Delta, Northwest, Continental get alliance approval
Boeing plans to launch 7E7 by end '04
Air Canada seeks bankruptcy protection
French parliament gives nod to Air France privatisation
KLM slashes jobs to cut costs

Newbuilds

Confident owners continue container ship ordering spree
ALTHOUGH there have not been many publicised contracts in the past fortnight, the newbuilding market is a busy place right now.

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Hong Kong sees trade value rise in February Hong Kong, Ukraine ink maritime agreement UTT betting on growth of China's chemical market San Pedro raises terrorist threat level up a notch TACA to raise reefer tariff EGL buys MIF to aid expansion into apparel, Latin America American to slash costs by US$1.8b to stave off bankruptcy US carriers get DOT's blessing for alliance Mick Fountain elected vice chairman of Cargo 2000

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IPBCC issues circular on addl WRP Maersk Logistics named 'Best Logistics Service Provider-Sea freight' in Asia India against RTAs raising trade barriers Tracking system to ensure quality of seafood India offers drugs to Rwanda Icra report recommends corporatisation of Chennai Port Coffee exports via Cochin Port up 2 gantry cranes for VCTPL arriving on April 4 JN Port's scorecard: Over 1.9 million TEUs - Record performances by JNPCT and NSICT Arvind Bhatnagar takes over as CGM, CONCOR, W. Region Forex reserves fall by $ 97 million Exim Policy neutralised by war uncertainties-IMC Apply incentive to status holders with effect from April 1, 2002, urges Fieo chief - ...welcomes revised Exim Policy measures Dollar account brings the glitter to gem, jewellery exporters' eyes Export sops will cushion war impact: AIAI Leather sector sees growth prospects Keys to excelling in business explained Exim Management Institute to hold workshop on Exim Policy on April 7 3-day CII Banking Summit begins today

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APRIL 2, 2003
US distillate draw may halt slide in gasoil prices Bears get more ammunition from US inventory data African bunker market report from GAC Montreal maintains meagre demand, prices steady Suez soft to steady, limited gasoil avails Cargo crash continues to affect Piraeus' numbers Korean avails balk South East Asian trend Nigerian oil output still shut in US stock builds expected New Saudi posted prices: Markets firm, ports busy Bears return to take a chunk out of oil prices Slack demand in soft Istanbul Spring thaw sends gasoil prices tumbling Rotterdam market falls with crude and barges Daily Bunker market report from Praxis Energy Agents (Tuesday)

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APRIL 2, 2003
Klaus-Dieter Peters is the new head of HHLA «K» Line to order new car carriers Air Canada files for bankruptcy protection Pension fund provision affects Swiss Federal Railway results Kühne & Nagel exceed previous year's figures

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APRIL 2, 2003
Cruise tourists chose Norway Northern Offshore saved for now Record loss for Actinor

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APRIL 2, 2003
Lufthansa begins Frankfurt flights from Portland International Airport Mitsui completing arrangements for leasing new LNG carrier DOT reminds clock watchers to spring ahead on April 6 Seattle Tacoma Airport continues to ace FAA exam Port Orchard, Washington firm nets $145 million Coast Guard contract

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Lloyd's battles reinsurers as it bounces back into profit A ROW has broken out between Lloyd's and six of the world's top reinsurers who have halted payouts on a policy that protects part of the central fund - the ultimate guarantee the market will honour its policies even if an insurer runs out of money. Bonner reveals US seized guns in box security swoop A CONSIGNMENT of "automatic weapons" was intercepted and seized a few months ago as a result of anti-terrorist initiatives introduced in the aftermath of September 11, the US commissioner for customs and border protection has revealed, writes Rajesh Joshi. Aid grain ships waiting for Umm Qasr all clear TWO bulkers loaded with grain are waiting to berth at Umm Qasr, the first commercial vessels to call at the Iraqi port since British forces took control, writes Janet Porter.

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APRIL 2, 2003
Fire at MHI Nagasaki SARS: Cruise line skips Singapore Thai cabinet endorses P&O award SARS: Hanjin distributes masks Korean shipping cos. earn less SARS scare as seaman dies

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APRIL 2, 2003
Growth for U.S. third-party market U.S. third-party, contract logistics business grew at a faster rate than the domestic economy in 2002 for the eighth consecutive year, according to an industry consultant. S. Korea steps up hub port projects More berths to be added at the country's largest ports as part of a logistics hub plan. Customs probes '24-hour' evasion Bonner: US Customs is investigating allegations that at least one steamship line is rerouting cargo to Canadian ports. Collins to chair Port Security Caucus KLM Cargo trims fuel surcharge Credit upgrade for TPG Schenker to open facility at Port of Tanjung Pelepas June open for East Indian box terminal Vector SCM chooses Descartes RCT names Shea president Emirates boosts Mid-East services Hollings to ask for $1 billion for port security U.S., Britain cooperate on Homeland Security

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APRIL 2, 2003
Sustained weekly charter gains sees recovery spread to nearly all sectors Charter market momentum continues apace with all but two sectors strengthening in what is one of the largest weekly increases that the index has sustained since its inception. Government mulls barriers for NZ coastal trade New Zealand Transport Minister Paul Swain has asked opponents of international carriers' involvement in NZ coastal trade to provide evidence for an investigation. Israel Shipper's Council turns on sole detractor Schenker opens PTP unit just-in-time Grimaldi avoids Brazil woes, adds Euro/S.America capacity Productivity slumps as Australian port volumes surge Northport parent's profits soar 39% Hanjin acts over SARS infection fears Malaysia to tighten port security

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APRIL 2, 2003
Mystery deepens over African storage tanker Nigerian firm claims responsibility for missing tanker, but no word on fate of crude onboard. Weather blights Mulheim salvage Grounded vessel loses more cargo as weather hampers salvors' efforts. FMC fines shipping $2.4m in 2002 Commission penalizes 30 companies, ranging from small nvoccs up to the largest liner operators. Cambodian-flag ship sinks Five crew missing after vessel goes down in Black Sea. Bleak start for Stolt Offshore Losses continue at Stolt group's offshore shipping arm in first quarter. Malaysian LNG newbuilding suffers fire at MHI Japan's Mitsubishi Heavy Industries back in the spotlight with another vessel blaze. Repsol due to get Prestige oil removal work Spanish ministers move to reassure on spill clean up and prevention. Israel terminal handling charge on hold EMTA container lines defer extra cargo costs until further notice, pending anti-trust report. Independence day dawns for BC Ferries Canadian ferry owner throws off state shackles and changes name to mark new era. Washington Marine mulls options for PacifiCats Buyer of BC Ferries' unwanted ships has inside track on the vessels - it helped build them. Ray Shipping in finance talks on Gdynia Meetings taking place Wednesday on loan and finance provision for Polish yard. Taharoa Express to be towed to Japan Repairs to the NYK iron sand carrier disabled off New Zealand will be carried out back home. Fisher tanker safe in Falmouth after engine failure UK owner's Forth Fisher was adrift off Cornwall until limited power restored. Asian Progress II awaits further lightering ULCC will discharge in Taiwan before heading for permanent repairs. Suez to stay open Egypt's President Hosni Mubarak has quashed any fears of traffic disruption at the Canal. Interim profits ease at ASL Marine Recently listed Singaporean shipbuilder and charterer also sees big drop in first half revenue. Heads role in PSA reshuffle Two high profile executive casualties as Singapore port operator unveils new top management.

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APRIL 2, 2003
Daewoo begins second 4,100-TEU Canada Maritime vessel Forwarders, shippers struggle with Atlantic space shortages Senate bill targets gaps in maritime, supply chain security U.S. DOT releases report on international freight moves FMC reviews six OTI applications Prologis names Sahling first VP Schenker opens operations in malaysia's port of Tanjung Pelepas Elvis undergoes change for Pakistani textile imports Southern California ports go to higher alert level Canada extends port divestiture program for three years