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Shipping News

Pre-screening of US bound boxes progressing well
SINGAPORE is making 'good progress' in security pre-screening of US-bound cargo containers less than three months after US Customs officers were posted at the port, according to Deputy Prime Minister Tony Tan.
Korea to price Daewoo Shipbuilding stake today
SOUTH Korea will set the price today for its sale of a 15 per cent stake in Daewoo Shipbuilding & Marine Engineering Co as it recoups money spent bailing out the world's second-largest shipbuilder, a spokesman for the company said.
Finland, Denmark urge ban on single-hulled tankers
FINLAND and Denmark called on the Baltic countries to ban oil tankers with single hulls to increase safety at sea and avoid oil spills similar to the one caused last year by the sinking of the tanker Prestige near Spain.
ICTSI buys Baltic terminal for US$41m
PHILIPPINE-based International Container Terminal Services Inc said yesterday it had acquired the Baltic container terminal in Gdynia, Poland, for US$41 million.

Air and Land Transport

Air Canada, pilots' union reach tentative agreement
AIR Canada reached a tentative agreement on Sunday with the union representing its 3,150 pilots on cutbacks, clearing a crucial hurdle in its effort to restructure under bankruptcy protection.
Northwest expects to lay off more pilots
More JAL staff asked to take leave
THAI suffering huge losses due to Sars
80% of flights in France likely to be cancelled today
Worst appears to be over for Lufthansa: CEO

Features

Former naval base back in business
WHEN the last US naval ship sailed out of Subic Bay in the Philippines in 1992, so did the GI Joe-dollars that had fuelled the economy of surrounding towns for nearly half a century.

web site

Shipping News

Pre-screening of US bound boxes progressing well
SINGAPORE is making 'good progress' in security pre-screening of US-bound cargo containers less than three months after US Customs officers were posted at the port, according to Deputy Prime Minister Tony Tan.
Korea to price Daewoo Shipbuilding stake today
SOUTH Korea will set the price today for its sale of a 15 per cent stake in Daewoo Shipbuilding & Marine Engineering Co as it recoups money spent bailing out the world's second-largest shipbuilder, a spokesman for the company said.
Finland, Denmark urge ban on single-hulled tankers
FINLAND and Denmark called on the Baltic countries to ban oil tankers with single hulls to increase safety at sea and avoid oil spills similar to the one caused last year by the sinking of the tanker Prestige near Spain.
ICTSI buys Baltic terminal for US$41m
PHILIPPINE-based International Container Terminal Services Inc said yesterday it had acquired the Baltic container terminal in Gdynia, Poland, for US$41 million.

Air and Land Transport

Air Canada, pilots' union reach tentative agreement
AIR Canada reached a tentative agreement on Sunday with the union representing its 3,150 pilots on cutbacks, clearing a crucial hurdle in its effort to restructure under bankruptcy protection.
Northwest expects to lay off more pilots
More JAL staff asked to take leave
THAI suffering huge losses due to Sars
80% of flights in France likely to be cancelled today
Worst appears to be over for Lufthansa: CEO

Features

Former naval base back in business
WHEN the last US naval ship sailed out of Subic Bay in the Philippines in 1992, so did the GI Joe-dollars that had fuelled the economy of surrounding towns for nearly half a century.

web site

Shipping News

Pre-screening of US bound boxes progressing well
SINGAPORE is making 'good progress' in security pre-screening of US-bound cargo containers less than three months after US Customs officers were posted at the port, according to Deputy Prime Minister Tony Tan.
Korea to price Daewoo Shipbuilding stake today
SOUTH Korea will set the price today for its sale of a 15 per cent stake in Daewoo Shipbuilding & Marine Engineering Co as it recoups money spent bailing out the world's second-largest shipbuilder, a spokesman for the company said.
Finland, Denmark urge ban on single-hulled tankers
FINLAND and Denmark called on the Baltic countries to ban oil tankers with single hulls to increase safety at sea and avoid oil spills similar to the one caused last year by the sinking of the tanker Prestige near Spain.
ICTSI buys Baltic terminal for US$41m
PHILIPPINE-based International Container Terminal Services Inc said yesterday it had acquired the Baltic container terminal in Gdynia, Poland, for US$41 million.

Air and Land Transport

Air Canada, pilots' union reach tentative agreement
AIR Canada reached a tentative agreement on Sunday with the union representing its 3,150 pilots on cutbacks, clearing a crucial hurdle in its effort to restructure under bankruptcy protection.
Northwest expects to lay off more pilots
More JAL staff asked to take leave
THAI suffering huge losses due to Sars
80% of flights in France likely to be cancelled today
Worst appears to be over for Lufthansa: CEO

Features

Former naval base back in business
WHEN the last US naval ship sailed out of Subic Bay in the Philippines in 1992, so did the GI Joe-dollars that had fuelled the economy of surrounding towns for nearly half a century.

	web site

HK Government slashes 2003 GDP forecast in half due to Korean shipbuilders beating annual goals OOCL takes delivery of new Montreal vessel Wallenius Wilhelmsen rebrands UK and European terminals Georgia Ports third quarter throughput booms FWL points way forward with IT initiatives Lucent signs five-year pact with UPS Supply Chain Solutions Cost saving deal struck between Air Canada, pilots union K&N arranges first mercy charter to Baghdad airport

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Shipping lines, feeder operators boycotting Chittagong Port Umm Qasr port ready for business Canalisation deters iron ore industry from seeking bigger slice of Chinese market India sells 12,000 tonnes of wheat to Bangladesh Man-made fibres exports surge by 77 pc in April-Jan. 2002-03 Emirates' bid to lure jewellery exporters Larsen & Toubro scouts for Indian partners to develop Dhamra port project P&O Ports gearing up to commence operations at Mundra box terminal in June - Sophisticated equipment ordered from Noell, Germany NSICT's 'unidirectional mode' rule comes into force Hourly berth hire charges in Major Ports come into force K. P. Desai is new chief of BCC&I's Shipping & Transport Committee - Capt. Ashok Malkani & Mehdi Jalali: Co-Chairmen Consignment sales scheme launched in Dubai to promote SSI goods Forex reserves crossed the $ 79-billion mark Exports sail through war & SARS threat to post 8.71 pc increase in April Steel policy to be finalised by September Industry optimistic: CII survey Govt chalks out plan to bag Iraqi contracts Report charts growth map for different textile segments Power Ministry pitches for duty-free coal imports 7 PSUs to be disinvested in four months: Shourie RBI extends forex relaxations further Forex reserves rise by $ 1.59 bn Govt monitoring rise in import of sensitive items Diesel, petrol cheaper by 10 P. Passport officers protest by working on holiday! IMC press meet on CAS today IMC session on SARS this Thursday

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JUNE 2, 2003
Daily bunker market report from Praxis Energy Agents Crude rallies on US supply concern despite Iraqi export news ARA market eases as avails are expected to improve SMP: Total Acid Number in bunkers "should be controlled" Bearish market and fine weather provides sunny Baltic outlook Rotterdam continues firm on tight prompt avails Brazil market update

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TPG wins major express contract with Brazil Post Planzer Transport AG plans truck terminal near Basel El Al stake up for sale Shareholders of NOL approve sale of AET New chairman of Christian Salvesen

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JUNE 2, 2003
Sunken bulker leaks bunker oil in the Baltic Sea - Euroafrica puts the lid on Billion dollar suit against Norwegian Cruise Lines Fosen preferred for ferry contract

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JUNE 2, 2003
PEMEX contracts for Diamond Offshore $272 million revenues to be generated

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JUNE 2, 2003
Portland Airport kills random vehicle inspections Norwegian Cruise Line calls of two NORWAY sailings FMC extends investigation of Transpacific Stabilization Agreement TSA reports no backlash from reduction in screener force Washington State Ferries boosts truck weight at Sydney terminal

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Japanese natural gas imports set to explode JAPANESE companies will seek to significantly increase liquefied natural gas imports over the next 17 years, with gas expected to represent 20% of the nation's total energy supply by 2020. Filanowski and du Moulin's part in $15m Teekay tankers deal revealed RICHARD du Moulin and his partner, Mark Filanowski, have emerged as the "clients of Drakos" involved in the purchase of two of Tee-kay Shipping's mid-1980s aframaxes. Lloyd's List launches innovative online pages LLOYD'S List has launched the latest in a series of innovations for subscribers to its online service. US unions demand Carnival quit Panama links THE biggest cruise company in the world and the largest trade union in the US are scheduled to collide in Southampton on June 23 - and the issue is the cruise firm's Panamanian incorporation, writes Rajesh Joshi in New York.

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JUNE 2, 2003
Steel giant raises stake in Busan NOL names new board members Cabinet acts to end feeder boycott Pickets extend Evergreen action EC clears French port take-over Another Norway blast victim dies Samudera expands to Red Sea PDVSA takes back former employees Violent dockers appear in court Cosco blames Gdynia for sinking McCain reschedules Title XI hearing Australia has record trade deficit SARS stifles Chinese yards New fast ferry for Balearics Oil spill off Sweden after sinking Bangladesh operations suspended Korea investment increases Japan worried despite order growth IMO role in security stressed

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JUNE 2, 2003
FMC expands TSA investigation The probe of trans-Pacific carriers now includes the Transpacific Stabilization Agreement's current service-contracting season and the trade between the Far East and Indian Subcontinent and the U.S. East Coast. Korean shipyards boom on orders Some of South Korea's largest shipbuilders have already met or exceeded order forecasts for the entire year, and say the outlook for the second half appears good. New services in eastbound trans-Pacific French strike could idle freight Widdows confirmed as APL CEO Collision sinks bulker off Sweden FedEx offering return service P&O Nedlloyd Logistics adds executives AA Cargo promotes Denhart Kitty Hawk adds Honolulu to schedule Elite International opens South Africa office CN abandons ONRail acquisition bid

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JUNE 2, 2003
TSA influence goes under the microscope as investigators demand comprehensive access to information Roused by evidence already gathered, the US Federal Maritime Commission (FMC) is drastically expanding an investigation prompted by alleged abuses during the Transpacific Stabilisation Agreement (TSA)'s 2002-3 contracting season. Industrial zone pushes East London into early expansion South Africa's National Ports Authority is ready to expand the handling capacity of East London harbour from 90,000 TEU to 305,000 TEU a year. Bad blood in JNP as congestion chokes Nhava Sheva Brazilian cabotage JV set to launch in July Operations normalised as APMT Rotterdam negotiates roster Widdows confirmed as APL CEO Ludwigshafen trimodal terminal launch to follow tender Boston volumes rise into 2003

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JUNE 2, 2003
Security and its cost Congress readies hot seat for Coast Guard brass on new anti-terror standards. Faster by ferry? Fuhgedaboudit! New York braces for delays under new security regs. Torvald Klaveness jumps into CSLI pool Four Norwegian self-unloaders to join US owner's partnership with Marbulk and Oldendorff Carriers. Latvian Shipping targets tanker spree Reefers to be sold to finance purchase of 12 handysize products tankers for new joint venture. Tanker sales bump up May's scrap figures VLCCs and ULCCs still trickling in to breakers but owners playing it cool. Hoegh Galleon repairs to take five months Owner cannabalises deactivated vessel for spare gearbox parts. Krasnoye Sormovo turns a profit Busy Russian yard had profitable 2002 and plans more deliveries this year. Ron Widdows to head APL Neptune Orient Lines makes it official for boxship stand-in chief. Teams fight spill from sunken bulker Cosco says seawater pouring in through an open hatch sank Fu Shan Hai. Germanischer Lloyd sets up Scandinavian Committee German class society sees economic and political importance in Northern Europe. Higher costs hit Tordenskjold Norwegian cement carrier specialist slips into red after six ships drydocked in first quarter. Europe clears P&O Ports' Egis plan Joint venture with container line CMA-CGM free to take over three container terminals in France. Borgestad charters open-hatch fleet to Gearbulk Norwegian owner secures minimum five-year deal for its ships with UK-based specialist. Finland presses case for single-hull phase-out Baltic states drags Russian oil exports into international spotlight at St Petersburg meeting. Cosco bulker sinks off Denmark Collision with feeder ship proves fatal for Chinese giant's panamax vessel. Daewoo poised to price yard stake Fifteen per cent slice of Korean shipbuilder valued at around $251m on recent share trading. Royal Olympia may resume eastern Med cruises New efforts towards resolving Palestinian-Israeli conflict prompt rethink for Greek owner. BLT profit halved Indonesia's Berlian Laju Tanker sees lower returns as it strives to grow fleet. ICTSI inks Gdynia deal Philippine container terminal operator has succeeded in acquiring the privatised Polish port. Angelicoussis makes it a VLCC six-pack Greek owner adds another large tanker order at Daewoo as yard confirms order for big boxships.

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JUNE 2, 2003
FMC broadens investigation of transpacific carriers Widdows confirmed as APL's CEO Neptune Orient Lines reshuffles board of directors APL sets up subsidiary company in Spain COSCO bulk ship sinks in Baltic Sea United reports April losses Menlo Worldwide opens university to train employees GIPSA raises inspection fee to cover pay increases COLA available for alcohol beverage bottlers, importers Logistics spending at record lows compared to national output Environmental impact of modifying Kawaihae Deep Draft Harbor studies ILA will not halt Evergreen work stoppage EC clears joint takeover of Egis by P&O Ports and CMA CGM Port of Houston's Kornegay named vice president of IAPH