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Shipping News

Piracy attacks in regional waters up sharply
PIRACY attacks jumped dramatically with 21 incidents reported last week, up from an average of seven per week, including a close call for a Singapore-flagged LPG carrier.
Ship crew may be charged over stowaways
THE 12-member crew of a ship suspected of throwing five stowaway Dominican migrants overboard arrived in Panama to face possible charges in the deaths of two of the men.
Auckland sees fewer cruise ships
NEW Zealand's largest port operator Ports of Auckland Ltd said yesterday it is anticipating a reduction in the number of calls by cruise ships in the 2003-2004 season due to concerns about terrorism.
New Japanese training ship back at sea after sinking incident
HUNDREDS cheered at a port in south-western Japan yesterday as students of a fisheries school whose training ship was sunk by a US Navy submarine in a fatal accident two years ago took its replacement to sea for the first time.

Air and Land Transport

Qantas sees sales drop over 60% as Sars dents demand
QANTAS Airways said sales on some routes dropped two-thirds as a deadly virus sapped travel demand, causing the airline to cut its own profit target and delay the delivery of planes.
Patrick wins contract to assess Baghdad airport
Manila to run airport terminal for now
Cathay raises freight rates
US Airways posts Q1 profit of US$1.6b after exceptionals
Virgin seeks financial data on Concorde

Features

Hands off, govt advised
BREAKING up may be hard to do, but it appears especially tough for the US government and the airline industry.

web site

Shipping News

Piracy attacks in regional waters up sharply
PIRACY attacks jumped dramatically with 21 incidents reported last week, up from an average of seven per week, including a close call for a Singapore-flagged LPG carrier.
Ship crew may be charged over stowaways
THE 12-member crew of a ship suspected of throwing five stowaway Dominican migrants overboard arrived in Panama to face possible charges in the deaths of two of the men.
Auckland sees fewer cruise ships
NEW Zealand's largest port operator Ports of Auckland Ltd said yesterday it is anticipating a reduction in the number of calls by cruise ships in the 2003-2004 season due to concerns about terrorism.
New Japanese training ship back at sea after sinking incident
HUNDREDS cheered at a port in south-western Japan yesterday as students of a fisheries school whose training ship was sunk by a US Navy submarine in a fatal accident two years ago took its replacement to sea for the first time.

Air and Land Transport

Qantas sees sales drop over 60% as Sars dents demand
QANTAS Airways said sales on some routes dropped two-thirds as a deadly virus sapped travel demand, causing the airline to cut its own profit target and delay the delivery of planes.
Patrick wins contract to assess Baghdad airport
Manila to run airport terminal for now
Cathay raises freight rates
US Airways posts Q1 profit of US$1.6b after exceptionals
Virgin seeks financial data on Concorde

Features

Hands off, govt advised
BREAKING up may be hard to do, but it appears especially tough for the US government and the airline industry.

web site

Shipping News

Piracy attacks in regional waters up sharply
PIRACY attacks jumped dramatically with 21 incidents reported last week, up from an average of seven per week, including a close call for a Singapore-flagged LPG carrier.
Ship crew may be charged over stowaways
THE 12-member crew of a ship suspected of throwing five stowaway Dominican migrants overboard arrived in Panama to face possible charges in the deaths of two of the men.
Auckland sees fewer cruise ships
NEW Zealand's largest port operator Ports of Auckland Ltd said yesterday it is anticipating a reduction in the number of calls by cruise ships in the 2003-2004 season due to concerns about terrorism.
New Japanese training ship back at sea after sinking incident
HUNDREDS cheered at a port in south-western Japan yesterday as students of a fisheries school whose training ship was sunk by a US Navy submarine in a fatal accident two years ago took its replacement to sea for the first time.

Air and Land Transport

Qantas sees sales drop over 60% as Sars dents demand
QANTAS Airways said sales on some routes dropped two-thirds as a deadly virus sapped travel demand, causing the airline to cut its own profit target and delay the delivery of planes.
Patrick wins contract to assess Baghdad airport
Manila to run airport terminal for now
Cathay raises freight rates
US Airways posts Q1 profit of US$1.6b after exceptionals
Virgin seeks financial data on Concorde

Features

Hands off, govt advised
BREAKING up may be hard to do, but it appears especially tough for the US government and the airline industry.

	web site

Shipping cos given July 1 deadline to comply with safety code SCI sell-off process sets sail again DHL Danzas, Lemuir Group launch new JV - 'Single source with global presence' IPBCC lines to raise eastbound rates from June EU to launch 15-m euro plan to highlight business opportunities Govt to fix fiscal target for export of commercial services soon - Software, IT trade record 27.4 pc rise Anti-dumping duty on metcoke from China to continue till May 2004 Marine food products exports register 10 pc growth Edible oil imports total 5.03 lakh tonnes in April EAN India begins offering barcode verification services Auto components exports poised for rapid growth EU envoy cites need to modify IT marketing strategies to make a mark in Europe ADB projects 6 pc GDP growth for India in 2003 Chilli adds spice to export figures Supreme Court dismisses writ plea of P&O Ports - JNPT: Conversion of BT into CT CONCOR hikes Amingaon ICD-Cossipore/Haldia freight rates User fee for Bangalore, Hyderabad airport projects Govt to set up SPVs to develop industrial clusters Seven more planned Commerce Ministry tops in e-readiness: Survey Fieo thanks DGFT for continuation of DEPB scheme

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MAY 7, 2003
Gulf Coast gripes: Tight avails and off-spec fuel US East Coast markets on the up Crude prices climb after unexpected US stock draw Canadian East Coast very quiet, pipeline reported out Suez still suffering shortages of gasoil, market firms slightly Chemoil declares first month in Panama a success Panama Canal: Summer locks maintenance work schedule Testing times for St. Petersburg bunker suppliers African bunker market report from GAC St. Petersburg Port to close for anniversary celebrations LUKOIL-Neva LLC announces expansion of bunker operations Bullish IFOs subdue Korea New Saudi posted prices Rotterdam steady to soft, barges tight

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MAY 7, 2003
Seawheel completes its new management team NOL announces sale of American Eagle Tankers Delta Air Lines first quarter 2003 results BVL celebrates 25th anniversary Wolf-Garten GmbH chooses ABX Logistics

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MAY 7, 2003
EUKOR plans nine newbuildings No flag can protect itself against terrorists Former Swedish shipowner sentenced to pay EUR 21 million to the state

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MAY 7, 2003
Class approval in principal for CNG carrier EnerSea Transport LLC, says that its VOTRANS gas carrier has achieved "Class Approval in Principle" (AIP) from ABS Byrd slams inadequacy of port security budget At a hearing of the Senate's Homeland Security Appropriations Subcommittee, Senator Robert C. Byrd, D-W.Va., called for a higher budget priority for port security Oakland awards $4.75 million security contract The Port of Oakland has awarded a $4.75 million maritime security enhancement contract to Florida-based ADT Security Services, Inc., Textron, Otech in RB-M race Like Manitowoc Marine, Textron Marine and Land Systems, New Orleans and Ocean Technical Services Inc. (OTECH) of Harvey, La., are each building a test boat for the USCG's response Boat-Medium program NCL launches its U.S.-flag brand Star Cruises' Norwegian Cruise Line (NCL) unit yesterday announced its new U.S.-flag brand--NCL America Class notation for fuel systems A new voluntary class notation from Det Norske Veritas meets an increasing market demand for the classification of fuel oil treatment and conditioning systems Security lapses delay cruise ship Carnival's Holiday was held in New Orleans after breaches in security procedures

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MAY 7, 2003
Blaine border patrol inspectors nab over $3 million worth of BC Bud Department of Commerce finds Canadian wheat subsidized Norwegian Cruise Line names US Flag operations 'NCL AMERICA' Coast Guard taps three firms to deliver 41-foot test boats New TSA rule checks drivers hauling dangerous goods

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Backers pull the plug on inreon ONE of the showpiece electronic platforms of the global reinsurance market has been killed by its main backers, Munich Re, Swiss Re and Accenture. DNV urges rejection of standards role for IMO PROPOSALS that would give the International Maritime Organisation the legal clout to set minimum ship structure standards have come under fierce attack from a leading International Association of Classification Societies member. Industry supports Maersk over payment of ransoms MAERSK was right to pay a cash ransom to buy the release of seafarers held hostage off Nigeria, leading shipping organisations believe, writes David Osler. Belgium ready to revive national flag THE King of Belgium is expected to sign a Royal decree tomorrow which paves the way for the reflagging of the Belgian fleet, more than 12 years after the entire fleet was flagged out.

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MAY 7, 2003
Deutsche Post boosts profits in Q1 The German mail and logistics group forecast a strong year after operating profit jumped by a better-than-expected 5 percent, to more than $1 billion. Air-cargo carriers fret after Motorola shuts China HQ on SARS scare The electronics giant closed its head office in China after an employee contracted the disease. FMC submits results of TSA contract discrimination probe Judge seeks extension in DHL case TACA plans eastbound increase China Shipping wants controlled-carrier exemption House committee hearing on guns for cargo pilots China's Guangzhou expanding logistics sector European Commission proposes international approach to security Product precautions barring trade: Report Railcar maker Trinity Industries sees 1Q loss Lufthansa Cargo, Siemens deliver SARS relief shipments

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MAY 7, 2003
New carrier/terminal discussion agreement to fix US port security charges An influential group of US terminal operators and carriers with US terminals is expected to inaugurate its own discussion agreement next month, allowing it to discuss and fix security charges. US Customs deadline for tough 24 hour rule enforcement Lines begin to fight charter hikes, but market rises again Leading Halifax terminal still plagued by congestion US Customs: Industry friendly rules to succeed harsh Strawman proposals MSC swells number of newbuild orders over 8,000TEU Strong profit for Samudera as turnover weakens Shenzhen's YICT moves to streamline truck movements

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MAY 7, 2003
Better mood for PDVSA Finance Ratings agency ends downgrade study for oil giant subsidiary as Venezuelan recovery continues. Bullet holes in Carnival security Screen break leads to cruiseship hold up after guns and bullets found. On the double! Mass pols push barge operator Bouchard to ban single hulls for spill zone. Swedish Orient returns to profit Iraq conflict lifts business for ro-ro vessels. Silver lining for Hapag-Lloyd German container line sees profits dwindle in 2002, but parent TUI is upbeat for 2003. Trico losses stack up Offshore operator's figures sunk by North Sea slump and rig decline in US Gulf. Khazar mulls fleet expansion Iranian owner reportedly looking to move into tanker operations. Higher costs, lower profits for Lorenzo Philippine bulker and boxship owner struggled with falling revenues and increased competition in 2002. Saevik moves for Havila rescue ships Norwegian owner's chairman Per Saevik offers NOK 550m for 11 vessels. Braemar Seascope sets profitable course Broker says result is "pleasing" in year of extremes. Kirby thinks big on barges US owner signs deal with Trinity Industries for 16 vessels, with an option for another 16. Bjarne Tvilde seeks new shipping role Reorganisation prompts Tschudi & Eitzen chief operating officer to stand down. SCI sale roadshows to woo foreigners Indian government hits the road to entice overseas bidders into privatisation race. Greek VLCC detained in Australia Inspectors also hold IMC pool bulker, and Australian boxship. RCCL launches bonds Cruise line's $250m issue prices at 8%. Shipping boosts Bollore French owner of Delmas and Otal container lines sees revenues jump in first quarter.

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MAY 7, 2003
China Shipping buys slots on CMA CGM's Asia/U.S. Gulf ships TACA carriers to raise Eastbound rates Lower box rates cut Hapag-Lloyd's profit by 38% FMC to act on Pacific carriers' BIAS case China Shipping petitions FMC for 30-day wait waiver Menzies to handle cargo in New Zealand Airnet Systems sees first-quarter profit Kmz Rosenman, women in international trade plan trade compliance seminar FMC revokes 25 OTI licenses Deutsche Post group's logistics profits up 46% Port of Long Beach names rubin managing director U.S. terminals, carriers move towards joint port security charges