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Shipping News

Misc moves nearer to being top energy transporter
EVEN a few short years ago, many would have scoffed at the notion that a home-grown Malaysian shipping company could one day become the world's leading energy-based transportation company.
PSA's S'pore throughput down 5.3% in April
THE combination of Sars and robust March volumes saw PSA Corporation register a 5.3 per cent drop in its Singapore throughput last month compared to March, while still registering year-on-year increases at both its local and overseas operations.
P&O ports handle 30% more containers in Q1
PENINSULAR & Oriental Steam Navigation Co , the UK's No 1 shipping company, said the number of containers handled at its ports in the first quarter rose 30 per cent, boosted by growth in Asia.

Air and Land Transport

easyJet sinks to half-year loss as price war escalates
BRITISH no-frills airline easyJet said on Wednesday it had slipped into the red over the past six months, hit by bitter price wars with its low-cost rivals as well as seasonal factors.
US carriers' woes hit airport operators
Garuda plans to lay off workers
KLM posts record full-year net loss
S Korean truckers step up labour action
LOG Book

Port Shots

PORT Shots
BRAEMAR Seascope Group plc, which brokers ships to transport oil, chemicals and grain, had a fiscal-year profit of 1.8 million , after the acquisition of Braemar Tankers Ltd increased sales.

web site

Shipping News

Misc moves nearer to being top energy transporter
EVEN a few short years ago, many would have scoffed at the notion that a home-grown Malaysian shipping company could one day become the world's leading energy-based transportation company.
PSA's S'pore throughput down 5.3% in April
THE combination of Sars and robust March volumes saw PSA Corporation register a 5.3 per cent drop in its Singapore throughput last month compared to March, while still registering year-on-year increases at both its local and overseas operations.
P&O ports handle 30% more containers in Q1
PENINSULAR & Oriental Steam Navigation Co , the UK's No 1 shipping company, said the number of containers handled at its ports in the first quarter rose 30 per cent, boosted by growth in Asia.

Air and Land Transport

easyJet sinks to half-year loss as price war escalates
BRITISH no-frills airline easyJet said on Wednesday it had slipped into the red over the past six months, hit by bitter price wars with its low-cost rivals as well as seasonal factors.
US carriers' woes hit airport operators
Garuda plans to lay off workers
KLM posts record full-year net loss
S Korean truckers step up labour action
LOG Book

Port Shots

PORT Shots
BRAEMAR Seascope Group plc, which brokers ships to transport oil, chemicals and grain, had a fiscal-year profit of 1.8 million , after the acquisition of Braemar Tankers Ltd increased sales.

web site

Shipping News

Misc moves nearer to being top energy transporter
EVEN a few short years ago, many would have scoffed at the notion that a home-grown Malaysian shipping company could one day become the world's leading energy-based transportation company.
PSA's S'pore throughput down 5.3% in April
THE combination of Sars and robust March volumes saw PSA Corporation register a 5.3 per cent drop in its Singapore throughput last month compared to March, while still registering year-on-year increases at both its local and overseas operations.
P&O ports handle 30% more containers in Q1
PENINSULAR & Oriental Steam Navigation Co , the UK's No 1 shipping company, said the number of containers handled at its ports in the first quarter rose 30 per cent, boosted by growth in Asia.

Air and Land Transport

easyJet sinks to half-year loss as price war escalates
BRITISH no-frills airline easyJet said on Wednesday it had slipped into the red over the past six months, hit by bitter price wars with its low-cost rivals as well as seasonal factors.
US carriers' woes hit airport operators
Garuda plans to lay off workers
KLM posts record full-year net loss
S Korean truckers step up labour action
LOG Book

Port Shots

PORT Shots
BRAEMAR Seascope Group plc, which brokers ships to transport oil, chemicals and grain, had a fiscal-year profit of 1.8 million , after the acquisition of Braemar Tankers Ltd increased sales.

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WW first quarter net group income falls US$3m Panalpina obtains C-TPAT certification from US Customs Pacer first quarter net income doubles to US$7.4 million Singapore, US ink free-trade agreement US Customs starts CSI in HK on May 12 Geest keeps up investments with lightweight chassis Hainan Airlines interested in buying second Hainan airport KLM cargo traffic rises in April Sars causes Qantas to downgrade profit forecast

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MISC seeks to charter out some containerships - Bid to rationalise some services, cut operating costs Safmarine establishes representation in Bulgaria CMA-CGM, MSC in transpacific pact David Halliday is Executive Chairman of CMA-CGM (UK) Ltd - Sutherland heads UK unit Drewry-APL white paper highlights importance of inland China PSA Corp announces strongest-ever first quarter results since 2000 - Volumes bounce back by over 5 pc Hamburg Süd upgrades Med services Hapag-Lloyd orders trio of boxships Collyer new agent in Singapore for CP ships MOL launches enhanced global liner website P&O Ports raises Miami stake Asia-Europe lines to cut fuel surcharges EU still imposes curbs on Indian textiles under MFA US continues to levy high imposts on Indian steel despite WTO panels' ruling Carpet exporters eye Chinese market Mills to import 4 lakh bales of cotton Sinha vows to hasten port reforms CFS/trailer operators may levy additional charge only on TEU movement to/from NSICT - If solution to NSICT's new rule remains elusive... Rlys geared to carry wheat to ports CII draws up 8-pt agenda for state development High tech city to be reoriented with Tuticorin SEZ Govt gives top priority for development of trade in N-E region IMC to focus on Growth, Governance, Globalisation Assocham study finds exports to Oceania, Asia recording highest growth SISI training programme on 'Export Management' from May 26 ITPO defers Kuala Lumpur expo to Dec.

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MAY 8, 2003
USWC: Prices more uniform, good avails reported Seattle congested, Vancouver quiet - markets stable Oil continues gains on US stock woes, US warship explosion Daily bunker market report from Praxis Energy Agents (Thursday) End of Iraqi oil expected to reduce US oil imports ARA region quiet, markets steady to firm Japanese numbers yet to revert to pre-holiday levels Prices drop in Uruguay Singapore bunker prices slip as product stocks improve Indications rise with demand in Italy O.W. Bunker opens in Klaipeda, Lithuania Rotterdam steady to firm this morning MARPOL compliance needs action now says Lintec Daily bunker market report from Praxis Energy Agents (Wednesday)0

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MAY 8, 2003
Frontline weaker than expected "Kursk" fuel shipped from Murmansk SOL leaves the exchange on 10 June

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MAY 8, 2003
Hornbeck Offshore reports increased revenue Hornbeck Offshore Services, Inc. reported that revenues for the quarter ended March 31, 2003 increased 20.3 percent to $27.3 million compared to $22.7 million for the same quarter in 2002 EC makes sweeping maritime security proposals The European Commission is proposing regulations on maritime and port security that, it says, go beyond IMO requirements.

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MAY 8, 2003
Seattle Maritime Festival kicks in to full gear today Port of Oakland goes with ADT for maritime security system Weekly rail freight numbers run on par with last year's counts Greenbrier nets orders for 2,800 additional railcars Mitsui placing orders for six double hull VLCCs

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Cantieri italiani a secco di ordini

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Brussels in blitz on ship and port security THE European Commission is to draw up sweeping new shipping and port security guidelines based on, but going well beyond, proposals in the International Maritime Organisation pipeline. MOL orders six VLCCs in single hull phase-out drive AS PART of its continuing tanker renewal programme Mitsui OSK Lines president Kunio Suzuki announced yesterday a half-dozen double-hulled very large crude carrier orders to be built in Japan. Oil pollution fund agrees to start Prestige claim payments THE International Oil Pollution Compensation Fund will make initial payments covering 15% of approved claims filed by those affected by the Prestige spill. Festival files anti-Carnival complaint FESTIVAL Cruises is not giving up its opposition to the merger clinched last month between Carnival Corp and P&O Princess Cruises.

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MAY 8, 2003
Festival throws down legal gauntlet Carnival under fire over security Truckers paralyse Peru's ports Terminals in security charges pact NCL admits sewage discharge Schelde restrictions for salvage P&O Ferries hit by Iraq factor New Belgian register in sight SA targeted for port surcharges Spain tries to damage refuge plans P&O Ned cuts 1Q operating loss Frontline enjoys second best quarter Kolkata goes for transhipment Crackdown on Manila smuggling MOL double-hull move gathers pace

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MAY 8, 2003
Non-union planning jobs will go Labor strengthens its grip on West Coast ports after National Labor Relations Board declines to protect non-union planning positions for terminal operator Stevedoring Services of America. Terminal operators petition Feds for port security discussion group Operators, carriers want to talk about pending Coast Guard port-security regulations. P&O Nedlloyd narrows loss, sees better outlook KLM has biggest-ever loss Evergreen charters 8,000-TEU ships Jamian tapped as deputy Marad administrator Expeditors net improves MOL orders new VLCCs Danzas in joint venture with India's Lemuir Norfolk Southern shareholders reject board election change Greenbrier gets orders for 2,800 railcars International Institute to honor Toggweiler

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MAY 8, 2003
Bleak medium term outlook for PONL as losses mount Investment banker Dan Clague of Societe Generale has called into question P&O Nedlloyd's (PONL) ability to make adequate returns over the medium term following the line's continued losses. Rio Grande opts for emergency dredge Dredging of the access canal to Brazil's second largest container port, Rio Grande, is scheduled to start this weekend, according to port technical director, Airton Rocha. Armed guards protect Exel cargo in Asia Recession behind Puerto Cabello volume collapse Under-funding to hit competitiveness of Germany's waterways Kolkata aims for transhipment role

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MAY 8, 2003
Not so festive Festival Cruises confirms formal challenge to Carnival takeover. Fred Olsen Energy trims losses Company improves offshore drilling activities, though shipyard division still in the red. Notable pricing RCCL pays a little over the odds for bonds, but says issue oversubscribed. IOPC Fund agrees Prestige payout Claimants to get initial 15% in move to overcome P&I club's legal problem. Bergesen profits on scrapping Norwegian owner rings up $14.5m gain as oldest tankers sail for demolition in China. Frontline eyes changed tanker market John Fredriksen led company optimistic over transformed fundamentals. Regal Empress auction announced Failed cruiseship to go under the hammer next week but will creditors get their cash? Frontline back on course Tanker market upturn boosts profit to near record levels. War risk surcharges cut back Ending of hostilities in Iraq prompts Persian Gulf ports revision by two containership conferences. Latvian Shipping in the money Tanker owner rides market wave, but warns of effect of single-hull phase-out. Higher costs dog WG&A Philippine ferry owner takes depreciation hit in first quarter. P&O Nedlloyd slims losses Boxship player in buoyant mood on future outlook. MOL outlines VLCC plans Japanese giant will take on 11 large tanker newbuildings in next three years. MES turns around its losses Higher shipbuilding sales help Japanese yard company to return to profit. Drydockings hit Algoma First quarter profit shrinks at Canadian tanker and bulker owner as revenues sink. Royal Nedlloyd bullish on 2003 market Dutch boxship player expects improvements to show in second quarter. Ports and freight ferries bolster P&O Strong growth in volumes in first quarter for UK group, but passenger slump blamed on Iraq war.

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MAY 8, 2003
Military Sealift Command praises U.S. merchant marine for war role Jamian appointed Marad deputy administrator Frontline's first-quarter profit skyrockets to $178 million EC proposes maritime security measures going beyond IMO P&O Nedlloyd narrows first-quarter loss Evergreen confirms plan to charter eight 8,000-teu ships FAA proposes rule on dangerous goods training procedures Sandler, Travis & Rosenberg adds Counsel, promotes two USDA considers orchid imports from Taiwan USDA seeks emerald ash borer's destruction U.S. Chamber urges action on U.S./Chile free trade agreement Expeditors' first-quarter net earnings up 13% Port of Savannah adds refrigerated warehouse