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Shipping News

No plans to take stake in PSA terminals: NOL
NEPTUNE Orient Lines has no plans to take a direct shareholding in PSA Corporation's Singapore terminals, opting out of a tie-up similar to that announced by Cosco Pacific on Saturday.
Pakistan to seek US$1b for tanker oil spill
PAKISTAN said on Monday it would demand US$1 billion in compensation from the owners of a stricken Greek tanker after the worst oil spill in the country's history.
Seminar on security concerns facing owners, seafarers
COLLABORATION in security, wages and training is the theme of a major conference here next Tuesday, organised by a unit of the Singapore Maritime Officers' Organisation.
Princess ship hit by Norwalk virus
A regional Princess cruise ship will cut its trip short after as many as 300 people aboard contracted the Norwalk virus, the New York Times said on Tuesday, citing the Canadian Press and the US Centers for Disease Control and Prevention in Atlanta.

Air and Land Transport

Several investors likely to bid for Sri Lanka's airport operator
BECHTEL Group Inc, Canada's Airport Development Corp and Airways New Zealand are among the companies that may bid for the operator of Sri Lanka's only international airport and invest US$1.5 billion in expanding the facility, the head of a government panel said.
Asia's July travel bookings up 15%
Asiana seeks to sell assets to cut debt
Hong Kong Airport Authority revives first global bond sale
Families, Tripoli finalising deal over UTA bombing
Log Book

Strait Talk

Urgent need for coordinated Asian voice at IMO
THERE was a considerable amount of frustration, perhaps exasperation, masked by the measured language of the statement issued last week by the Asian Shipowners Forum.

web site

Shipping News

No plans to take stake in PSA terminals: NOL
NEPTUNE Orient Lines has no plans to take a direct shareholding in PSA Corporation's Singapore terminals, opting out of a tie-up similar to that announced by Cosco Pacific on Saturday.
Pakistan to seek US$1b for tanker oil spill
PAKISTAN said on Monday it would demand US$1 billion in compensation from the owners of a stricken Greek tanker after the worst oil spill in the country's history.
Seminar on security concerns facing owners, seafarers
COLLABORATION in security, wages and training is the theme of a major conference here next Tuesday, organised by a unit of the Singapore Maritime Officers' Organisation.
Princess ship hit by Norwalk virus
A regional Princess cruise ship will cut its trip short after as many as 300 people aboard contracted the Norwalk virus, the New York Times said on Tuesday, citing the Canadian Press and the US Centers for Disease Control and Prevention in Atlanta.

Air and Land Transport

Several investors likely to bid for Sri Lanka's airport operator
BECHTEL Group Inc, Canada's Airport Development Corp and Airways New Zealand are among the companies that may bid for the operator of Sri Lanka's only international airport and invest US$1.5 billion in expanding the facility, the head of a government panel said.
Asia's July travel bookings up 15%
Asiana seeks to sell assets to cut debt
Hong Kong Airport Authority revives first global bond sale
Families, Tripoli finalising deal over UTA bombing
Log Book

Strait Talk

Urgent need for coordinated Asian voice at IMO
THERE was a considerable amount of frustration, perhaps exasperation, masked by the measured language of the statement issued last week by the Asian Shipowners Forum.

web site

Shipping News

No plans to take stake in PSA terminals: NOL
NEPTUNE Orient Lines has no plans to take a direct shareholding in PSA Corporation's Singapore terminals, opting out of a tie-up similar to that announced by Cosco Pacific on Saturday.
Pakistan to seek US$1b for tanker oil spill
PAKISTAN said on Monday it would demand US$1 billion in compensation from the owners of a stricken Greek tanker after the worst oil spill in the country's history.
Seminar on security concerns facing owners, seafarers
COLLABORATION in security, wages and training is the theme of a major conference here next Tuesday, organised by a unit of the Singapore Maritime Officers' Organisation.
Princess ship hit by Norwalk virus
A regional Princess cruise ship will cut its trip short after as many as 300 people aboard contracted the Norwalk virus, the New York Times said on Tuesday, citing the Canadian Press and the US Centers for Disease Control and Prevention in Atlanta.

Air and Land Transport

Several investors likely to bid for Sri Lanka's airport operator
BECHTEL Group Inc, Canada's Airport Development Corp and Airways New Zealand are among the companies that may bid for the operator of Sri Lanka's only international airport and invest US$1.5 billion in expanding the facility, the head of a government panel said.
Asia's July travel bookings up 15%
Asiana seeks to sell assets to cut debt
Hong Kong Airport Authority revives first global bond sale
Families, Tripoli finalising deal over UTA bombing
Log Book

Strait Talk

Urgent need for coordinated Asian voice at IMO
THERE was a considerable amount of frustration, perhaps exasperation, masked by the measured language of the statement issued last week by the Asian Shipowners Forum.

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K Line adds new N Europe/ East Med service HK, Guangdong Customs discuss ways of improving cargo flow LauritzenCool and NYK Reefers enter into pact Menlo Worldwide branches out to Mexican port Eng Kong sees FY2003 profit dip by over 50 per cent MSC to link Far East to Black Sea via Tiger Service IPBCC lines to implement rate increases in October Asian Terminals gets thumbs up from ANZCham Air New Zealand records profit despite difficult year JAL and Mitsubishi book order for seven 767-300ERs Emirates SkyCargo heading to the Big Apple in the sky Ipsen to return to A P Moller from Maersk Air

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Rashtriya Rattan Award for Seagull Chairman India-China trade logs 32 pc average growth Steel imports from India were above 3 pc limit, claim US officials 30,000 t wheat to be exported to S-E Asia Contracts to export 4.25 lakh t soyameal signed Import of edible oils falls to 4.20 lakh tonnes in August ICICI Bank keen on funding port projects, infrastructure Vizag, Paradip Ports providing more space to stack export ore CoPT to cash in on dry-dock facilities Shipping Minister invites Federation leaders for talks on Sept. 16 - Port workers' bonus August 30 proves to be Busiest Day for KDS MbPT Officers felicitate S. R. Kulkarni on being honoured with Rajiv Gandhi award Record stuffing of 59 TEUs achieved at ICD-Sabarmati 1st dedicated MSC train flagged off from TKD - Scheduled weekly service between N. India & MICT Diesel, petrol become dearer Exports register 5.75 pc increase in July No cause for concern, Commerce Dept tells exporters Openness in decision-making at WTO demanded "Think big", DGFT exhorts trade

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SEPTEMBER 2, 2003
Crude plummets as US driving season ends, funds get out Rotterdam prices fall further as crude plummets The Rotterdam barge and bunker markets have spiraled down in line with the softening in crude prices this Tuesday. Major Russian supplier announces team expansion Little cargo change equals little movement in sleepy Fujairah Pakistan files US$1 billion claim after oil spill Pakistan has filed a claim for US$1 billion in damages from the owners of the Tasman Spirit, which broke up and spilled thousands of tonnes of crude oil near Karachi last month. WFS declares regular quarterly cash dividend Softer crude makes its mark on Rotterdam Hong Kong battening down as double eyed Dujuan approaches Hong Kong may be in for a rough few hours as the most powerful storm of the year so far - typhoon Dujuan - bears down on the port

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SEPTEMBER 2, 2003
Municipalities seeks EU support for a new ferry service between Sweden and Bornholm Pakistan to seek one million dollar in oil disaster compensation Star Reefer option to buy chartered tonnage

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SEPTEMBER 2, 2003
New piracy warning Rash of attacks on small tankers in Malacca Straits Carnival consolidates German cruise operations Will sell A'ROSA riverboats

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Polembros faces $1bn spill claim over Tasman Spirit PAKISTAN is to seek damages of up to $1bn from the owners and liability insurers of the Tasman Spiritfor what has been the country's worst oil spill. Mountain of unpaid claims reaches £33bn A SURVEY of UK general insurance businesses in run-off has surprised even the experts by revealing a £33.3bn ($55.5bn) mountain of unpaid claims, writes James Brewer. UK owners in plea over social security TWO of Britain's top shipowners are warning that UK seafarer jobs will be lost unless the government backs down on plans to raise social security charges. Names return to back new Lloyd's syndicate NAMES are to back the first brand new syndicate at Lloyd's announced for launch in 2004.

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SEPTEMBER 2, 2003
Idle BA terminal to go to tender Volga tanker spill spreads Ecuadorian port owner closed down Repsol-YPF offered tax incentive Norwalk Princess arrives in NY Aponte's MSC signs up Costa veteran Typhoon shuts Hong Kong port Europe split in competition review Finnish jobs safe in flag change Wärtsilä staffer becomes a suspect Sensitive issue for Baltic states Lebanon tries agent for Israel call Terminal objectors put their case Massive investment for Gioia Tauro Taipei plans new container port Adsteam Marine reports loss

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SEPTEMBER 2, 2003
U.S. air cargo edges up in July Mail pushes cargo volume up by 1 percent compared to the year-ago period. Cosco in landmark terminal deal as Singapore port woos carriers For the first time, Singapore's main container terminal operator is allowing a foreign firm to take an equity stake in its berths, a move largely spurred by the loss of business to rival ports. U.S. plans one border inspection Homeland Defense Secretary Tom Ridge said the government will combine the various border inspection services into one primary inspection in the coming months. Atlas Air gets restructuring extension Emirates to launch freighter service to New York Nordana begins N. America-West Africa service Lines hike Europe-India rates FedEx Express launches direct China-U.S. flight WTSA hikes rates for cotton UPS will manage int'l. vendors SAS plans N.Y.-Copenhagen freighters P&O Nedlloyd forms China logistics venture Red Hook attracts interest

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SEPTEMBER 2, 2003
Rotterdam unions gear up for ports' directive action Rotterdam will see a series of one-day protests against the European Commission's ports' directive from September 9 in the Waalhaven/Eemhaven area where the Home, Uniport/Hanno and Shortsea Terminals are located. China port project is 'natural extension' to PSA tie up with Cosco The PSA-Cosco Pacific deal signed on Saturday could pave the way for co-operation between the two parties in China. Typhoon shuts HK for third time this year MSC Tiger prowls new trades Ulsan cites lack of facilities for fee discount demand East Asia/Australia boom continues, capacity adequate Chemical shipper eases the Maceio's sugar dependency Marketing drive pays off says Savannah Shipping lines return to Suape after labour costs spike Striking Iraqi dockers return to work Customs agents ready to raise labour issues at JN Port

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SEPTEMBER 2, 2003
Tordenskjold fights bankruptcy Court places Norwegian cement carrier owner into administration, but appeal battle launched. Another Cyprus investor snaps up Torm slice Menfield Navigation takes over mysterious Caribbean company that holds 7.5% of Danish tanker owner. Chinese bulker payout rises Cosco Bulk Carrier nets $15.5m on Fu Shan Hai sinking but talks continue. Predatory bank plans shake-up for Eimskip National Bank of Iceland builds ownership in container line in bid to boost earnings potential. GL eyes giant boxship prize Germanischer Lloyd talks up its newbuilding boom containership haul. Sonatrach eyes LPG expansion Algerian gas producer wants a bigger share of the shipping action. Virus-hit Regal Princess due in US Carnival Corp's cruiseship cuts trip short by two days after Norwalk strikes. Ugland Nordic buys Viken tanker resales Teekay subsidiary snaps up high specification suezmaxes. P&O Nedlloyd logs on in China Container line's logistics unit forms Shanghai joint venture to provide online information and data entry. Nordana reaches out to West Africa Denmark-based liner company adds to its routes between US, Caribbean and Africa. Adsteam takes restructuring hit Australian towage group finds disposing of non-core businesses costly in 2003 financial year. Yang Ming inks feeder options Taiwanese operator gives the nod to additional 1,500-teu containerships at compatriot yard. Orey snaps up ship agent Portuguese broker and liner agency buys Sadomarinha from port operator Tertir. Profits jump at Jaya Deliveries and freight rate improvements help boost Singapore shipbuilder and vessel operator. Boxship boost for Japan Strong containership demand helped Japanese yards to maintain strong export order intake.

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SEPTEMBER 2, 2003
Hapag-Lloyd sees 67% rise in 2nd-quarter shipping profits MSC, CMA CGM compete with direct Black Sea/East Med/Asia services Nordana starts North America/West Africa multipurpose service CMA CGM, China Shipping finalize Mediterranean/U.S. East Coast service APL's box rates still increasing fast A.P. Moller adds new large containership COSCO and PSA sign Singapore's first dedicated terminal deal