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Shipping News

P&O Princess chalks up losses in 4th quarter
P&O Princess Cruises, which is being bought by No 1 cruise operator Carnival Corp, posted a fourth-quarter loss compared with a year-earlier profit on costs relating to takeover battles.
Prestige tanker captain out on bail
THE Greek captain of the oil tanker Prestige that sank off the coast of Spain causing its worst ever environmental disaster was released from prison on Friday after the ship's insurer paid 3 million euro bail.
US tanker runs aground in Danish waters; no oil spilled
AN oil tanker belonging to the US group Chevron and loaded with 35,000 tonnes of light fuel ran aground in Danish waters, but no oil spill has been reported, Danish navy officials said.
Chemical tanker, trawler collide in Channel
A Panamanian chemical tanker and a British trawler collided in the Channel on Saturday but no one was hurt in the incident and no leaks were reported, British coastguards said.

Air and Land Transport

Swiss Air mulls cutting fleet as European demand slows
SWISS International Air Lines Ltd, Switzerland's national carrier, is looking at reducing its regional fleet to try to break even this year after losing passengers as unemployment rises in Europe.
Airbus expects growth in production by 2005
Air Canada to sell parts of its operations
Dragonair passenger traffic increased 26% in December
UPS may ask 100 pilots to go on voluntary leave
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Shipping News

P&O Princess chalks up losses in 4th quarter
P&O Princess Cruises, which is being bought by No 1 cruise operator Carnival Corp, posted a fourth-quarter loss compared with a year-earlier profit on costs relating to takeover battles.
Prestige tanker captain out on bail
THE Greek captain of the oil tanker Prestige that sank off the coast of Spain causing its worst ever environmental disaster was released from prison on Friday after the ship's insurer paid 3 million euro bail.
US tanker runs aground in Danish waters; no oil spilled
AN oil tanker belonging to the US group Chevron and loaded with 35,000 tonnes of light fuel ran aground in Danish waters, but no oil spill has been reported, Danish navy officials said.
Chemical tanker, trawler collide in Channel
A Panamanian chemical tanker and a British trawler collided in the Channel on Saturday but no one was hurt in the incident and no leaks were reported, British coastguards said.

Air and Land Transport

Swiss Air mulls cutting fleet as European demand slows
SWISS International Air Lines Ltd, Switzerland's national carrier, is looking at reducing its regional fleet to try to break even this year after losing passengers as unemployment rises in Europe.
Airbus expects growth in production by 2005
Air Canada to sell parts of its operations
Dragonair passenger traffic increased 26% in December
UPS may ask 100 pilots to go on voluntary leave
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US Government official unveils port security initiative MOL promotes Diana Jackson to AVP, equipment in North America CIS to provide customs brokerage service for APL Logistics ETS Express approved by US Customs for AMS filing Long Beach board approves assignments between Metro, Trona Dragonair extends UK handling agreement with Menzies Airborne flies into black with earnings of US$14.8m in 2002 Northwest unveils new Minneapolis/St Paul - Portland service

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FEBRUARY 7, 2003
Eurotunnel won case over railways Decision of the Arbitration Tribunal: the Railways claim, seeking to obtain a reduction of their contribution to Eurotunnel's operating costs for 1997 and 1998, has been rejected. Air Canada: loss and sale Air Canada put its Jazz regional airline and other assets on the block and warned it is to slash labour costs by about 20 per cent. US carriers have lost over $7 billion Collectively in 2002, the United States's 30-plus airlines lost more than $7 billion despite a $15 billion bailout from Congress after the terrorist attacks.

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Bharati delivers 'Halul 30' to Halul Offshore Services, Doha Legislative framework to promote shipping sector vital: NSB chief COSCO now to accept LCL cargo ex-NSICT to worldwide destinations French PM calls for better trade ties with India Indonesia buys 50,000 t. sugar from India India, US sign high-tech trade pact Czech Minister meets Commerce Secretary - Over 32 pc increase in exports to Czech Republic Jaitley raises market access issues with french Ministers - Conveys concern over bedlinen issue Cashew kernel exports resume upward march Poultry industry seeks duty waiver on import of maize Kandla Port handles record 33.39 m. tonnes throughput during April-Jan. 2003 - Exceeds Shipping Ministry's target by 1.62 m. tonnes NSICT adjudged the 'Best Infrastructure Project' by CII - Capt Jimmy Sarbh receives award from Yashwant Sinha Khanduri for addl. cess on petrol, diesel to part-finance corridor projects ...calls for enhanced pvt. sector role in infrastructure projects Working hours at air cargo complexes extended - Facilitation initiatives also for ICDs/CFSs Auto industry fears VAT may deprive them of state sops Rail Budget on Feb 24 Govt to overhaul project approval set-up TN, Apeda sign MoU for setting up flower, mango AEZs WTC, AIAI open house meet with foreign trade facilitators Hooghly Docks in sell-off list mooted

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FEBRUARY 7, 2003
A mixed day in the ARA region Daily bunker market report from Praxis Energy Agents IEA reserves at the ready Tanker runs aground in Denmark, no spill reported The Tricolor-oil removal operation continues Lukoil/Latsis still expressing interest in Hellenic Oil ? Singapore numbers finish the week much firmer Rix launch '1 million barge Prices firm across Brazilian ports Venezuelan crude export Rotterdam opens firm this morning

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FEBRUARY 7, 2003
Tribunal to confirm bankruptcy of Air Liberté? Insurance companies recommend Black Box Pacer International 4th quarter 2002 earnings nearly double Frankfurt Airport has revamped its cargo website Barthco adopts Management Dynamics' "Rate Explorer" system

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FEBRUARY 7, 2003
"Prestige" master bailed out by P&I Club Denmark in single-hull ban Norwegian operated tanker with cracks

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FEBRUARY 7, 2003
P&I Club puts up bail for Prestige master Club committee "shocked" by master's treatment Shake-up on key House Committee Appropriations panels change to cover Homeland Security Thyssen-Krupp to buy HDW? Leading German yard may not be American-owned much longer

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FEBRUARY 7, 2003
Port of Seattle posts gains in container traffic during 2002 Rail intermodal count makes charge, while carload figures lag behind Portland Airport noise team invites public to participate Washington Ecology Department settles with shipper over oil spill Jerry Salazar takes position as Panama Canal affairs minister

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Mangouras out of jail as Irish show how it's done APOSTOLOS Mangouras, the master of the Prestige, was released on Friday from the high security Spanish jail where he had been detained for 85 days. Festival bids to scupper Carnival's mega-merger A LAST-ditch bid to scupper Carnival's planned takeover of P&O Princess has been launched by European-based Festival Cruises in complaints to the European Commission. Rules set for Happy Ranger case THREE law lords have called legal "time" in an on-going battle over the rules to be applied in respect of a claim for a reactor damaged while being loaded on to a vessel, writes Roger Pearson. Cenargo opts for administration Michael Hendry's Cenargo International is believed to have applied for voluntary administration in the UK High Court, a move that could result in the Irish Sea ferry group being broken up, writes Tony Gray.

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FEBRUARY 7, 2003
Cruise lines target Indian staff Peru legislation 'half-hearted' Intercargo backs Green Award Bush may not have Alaska votes Cold comfort for Classic creditors P&O Princess yields under pressure Arendal repair under negotiation China issues new maritime rules Basque tonnage tax wins approval Tanker giant Kertsikoff dies Hull underwriters under fire Iranians unveil offshore expansion Capt Mangouras released from jail Crane lessor caught in crossfire Poulides raises Carnival concerns New striker for Greek shippers Wallenius takes back 'hostel' ships Laden tanker aground off Denmark Mangouras release imminent Methanol boost for Dampier EU steps into icy waters Sovcomflot reports profit drop Islamabad moves on dangerous boxes P&O Nedlloyd shelves Busan plans Box used to smuggle pepper Philippines plans grain terminals

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FEBRUARY 7, 2003
Cargo classification at root of low box detention under 24-hour rule US Customs has admitted that the relatively few boxes so far detained under the 24-hour rule stems from problems classifying cargo and the agency's reluctance to impose penalties. New regulations for foreign carriers to China Port of New York & New Jersey reports only one 'no load' order Charleston to open way for Atlantic post-panamaxes Skanska begins construction at Mundra terminal Indian ports link to EDI

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FEBRUARY 7, 2003
Brits and Yanks join forces Dry-cargo brokers Bingham & Bigotte and Lawrence Chartering clinch transatlantic venture. Piling into Venezuela Heavy lift operator reinstates services to strike-hit country, as ports appear safe again. Festival in bid to block takeover Greek cruise operator moves to throw Carnival - P&O Princess deal off course. Salazar takes reins at canal Former IMO representative for Panama put in charge of country's waterway. Arendal cleared to leave for repair yard Polys Haji-Ioannou's single-hull tanker due to sail from Sullom Voe to have cracked deck fixed. Salvors restart oil removal from Tricolor Work starts again on sunken car carrier, but moving the vessel may take months. Apostolos Mangouras freed But Prestige master not at liberty to leave Spain. Erric Kertsikoff dead at 74 Eletson founder and Intertanko stalwart dies suddenly. Laden tanker aground off Denmark Single hull ship carrying fuel oil stranded in sensitive marine area. New bunker player in Iceland Owners of shipping company Atlantsskip plan to start selling fuel in March. Efthimiou takes the helm Liberty Maritime principal takes over as chairman of Union of Greek Shipowners. Sherwood baffled over share price slump Outgoing Sea Containers chief James Sherwood promises higher profits for 2002. Two crew missing off Turkey Men fell overboard after grounding of Cambodian-flagged ship near Istanbul. Tokyo Marine companies fined by US Fines tot up to nearly $800,000 for deliberate dumping of oily waste. Korean ship exports hit $10.5bn in 2002 World's largest shipbuilding nation sees value of exports reach new historically high level. Lawrence eyes $15m from Kirby shares C Berdon Lawrence to offload some of his holding, but vows to stay on as chairman of US barge giant. Yenisei goes to court Russian shipowner files for recovery of unpaid charter fees. Engine problems halt Regal sailing Contaminated bunkers suspected cause of Regal Empress' power problems.

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FEBRUARY 7, 2003
Correction: safe and secure trade lanes text in Seattle EPA sets emission standards for marine diesel engines TACA to raise bunker surcharge in March P&O Nedlloyd, MOL add ship to Asia/Africa/South America loop Revenues rose 23% in 2002 at evergreen's listed arm Report: intra-Asia box trades totals 18 million TEUs MOL (America) promotes Jackson Airline capital associates names Larsen as cargo director Shipping line, motor carrier add reefer monitoring capability Unionized freight carriers reach labor agreement Canadian forwarders urge U.S. Customs to allow confidentiality for non-U.S. shipments Robot straddle carriers in Australia top 30 picks per hour