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Shipping News

Yemen offers guarantees up to US$150m against terrorism
IN a desperate bid to woo shipping back to its ports after last year's terrorist attack on the Limburg tanker, the Yemen government has announced it will offer financial guarantees of up to US$150 million against the costs of terrorist acts in its waters.
K Line's aframax move to S'pore completed on schedule
JAPANESE shipping company K Line has relocated its aframax tanker fleet management division from Tokyo to Singapore on schedule.
Bohai Bay ports emerging as largest hub in north China
PORTS on the Bohai Bay are emerging as the largest container shipping centre in north China in the era of economic globalisation.
Direct service between Myanmar and Bangladesh
A Singapore-based container shipping line, the Orient Express Line , has launched its direct container service between Myanmar and Bangladesh, the local weekly Myanmar Times reported.
Collision in Yangtze
A Chinese oil tanker collided with a container ship at the mouth of the Yangtze River, spilling 20 tons of oil into its waters, state press reported yester.

Air and Land Transport

EADS 2002 orders plunge 50% on aviation slump
EUROPEAN Aeronautic, Defense & Space Co , the parent company of Airbus SAS, said orders fell by 50 per cent last year as a slump in commercial aviation led airlines to hold back on buying new planes.
Iata blasts Zurich airport for 47% service fee hike
Garuda pilots cancel strike
BA offers US$198 US-London flights
Gold Air to buy 5 Bombardier jets in US$60m deal
Log Book

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Shipping News

Yemen offers guarantees up to US$150m against terrorism
IN a desperate bid to woo shipping back to its ports after last year's terrorist attack on the Limburg tanker, the Yemen government has announced it will offer financial guarantees of up to US$150 million against the costs of terrorist acts in its waters.
K Line's aframax move to S'pore completed on schedule
JAPANESE shipping company K Line has relocated its aframax tanker fleet management division from Tokyo to Singapore on schedule.
Bohai Bay ports emerging as largest hub in north China
PORTS on the Bohai Bay are emerging as the largest container shipping centre in north China in the era of economic globalisation.
Direct service between Myanmar and Bangladesh
A Singapore-based container shipping line, the Orient Express Line , has launched its direct container service between Myanmar and Bangladesh, the local weekly Myanmar Times reported.
Collision in Yangtze
A Chinese oil tanker collided with a container ship at the mouth of the Yangtze River, spilling 20 tons of oil into its waters, state press reported yester.

Air and Land Transport

EADS 2002 orders plunge 50% on aviation slump
EUROPEAN Aeronautic, Defense & Space Co , the parent company of Airbus SAS, said orders fell by 50 per cent last year as a slump in commercial aviation led airlines to hold back on buying new planes.
Iata blasts Zurich airport for 47% service fee hike
Garuda pilots cancel strike
BA offers US$198 US-London flights
Gold Air to buy 5 Bombardier jets in US$60m deal
Log Book

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Sinotrans offer 20 times subscribed at HK$2.19 per share Sterling approved for AMS filing by US Customs Value of HK's shipments by sea slips 2.8pc in 2002 SembCorp Logistics profits increase 30pc in 2002 Jerry Salazar new chairman of Panama Canal board BA flying high again after profitable third quarter DHL takes over Mayne Group in Canada following approval Dragonair 2002 cargo growth spectacular

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FEBRUARY 11, 2003
PSA's throughput volumes down in January Overall container volumes handled by PSA Corporation were pulled down by its overseas operations, dropping 7 per cent in January 2003 to 2.11 million Teu from December 2002, according to the global terminal operator's latest throughput figures. US activates civilian airliners for Defense transport Pentagon officials said 13 flights were scheduled to fly troops Monday after Defense Secretary Donald Rumsfeld mobilized the Civil Reserve Air Fleet, passenger and cargo planes that can be used to move service members and equipment in emergencies and when there aren't enough military planes to do it Cargolux orders Boeing 747 Cargolux International Airlines will increase its fleet of Boeing 747-400 Freighters to 13 with a new order it has placed with the Boeing Co. China lets airlines raise fares The Civil Aviation Administration of China (CAAC) allowed domestic airlines to raise economy fares by up to 17 per cent to counteract a rise in jet fuel prices sparked by fears of a war with Iraq. Key points on freight rates missing The mainland Ministry of Communications has released new rules governing international maritime transportation, which will become effective next month. Seamen escape from pirates US activates civilian airliners for Defense transport.

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Lemuir Group chief stresses relevance of logistics in world trade Ministerial group clears SCI shareholders agreement Iraq accepts Indian wheat consignment Porcelain tiles imports face dumping duties Leather exports may total $ 2 bn by March-end: CLE chief Uptrend in export of castings, machine parts Tea exports record 5.7 pc increase in 2002 IMC signs MoU with London chamber Indo-Israeli trade totals $ 1 billion Adani Port sets new record in fertiliser unloading Top global players evince keen interest in JNP's RFQ - Conversion of BT into CT Shatrughan Sinha inspects facilities at Mumbai & JN Ports MoS allows bulk terminal workers to switch over to CT Air Sahara to introduce dedicated freighter Govt issuing compensation bonds to cover project exports to Iraq PHD Chamber seeks medium-term sell-off policy CMIE revises export growth to 18.7 pc NCAER survey finds improvement in business confidence States urged to play more active role in promoting SEZs W. Bengal plans AEZ Settlement panel expediting Customs, Central Excise cases India tops world sponge iron output with 6.53 million t. Anand Kulkarni is new Cidco chief Seminar on Incoterms 2000 on Feb. 14

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FEBRUARY 11, 2003
Railion takes over DSM's operations Two biggest airlines in Brazil are planning merger Dubai container port expansion Trenitalia charts new course Germany considers speed limits for commercial vans

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FEBRUARY 11, 2003
Finnlines buys ro-pax from Stena Very strong result from W.Wilhelmsen Bergesen sells another gas tanker

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FEBRUARY 11, 2003
More RT-flex orders Three Sulzer 9RT-flex60C low-speed diesel engines have been ordered by Germany's Volkswerft Stralsund GmbH Ship Analytics helps Indonesia upgrade seafarer training L-3 Communications says its Ship Analytics unit, based in North Stonington, Connecticut, has received a contract to provide the Government of Indonesia with six fully modernized maritime training schools

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Market downturn takes 25% bite out of BP profits BP'S profits slumped 25% to $8.7bn and production growth was slashed to 2.9% in 2002 as market conditions worsened for the oil company. Tonnage rethink gives opentop boxships a lifeline OPENTOP containerships have been thrown a commercial lifeline by a break-through in tonnage measurements that will enable them to compete on more equal terms with conventionally-designed vessels, writes Janet Porter. Owners pay for tanker crackdown WILLEM de Ruiter has used a first public appearance as executive director of the European Maritime Safety Agency to bring a message to tanker owners and, he said, "none of it is good news". Everard slams Emsa boss over places of refuge WILLEM de Ruiter was criticised for failing to understand the centrality of the 'place of refuge' issue in tanker safety by the president of Bimco yesterday, writes David Osler. Hull underwriters weigh up Middle East premiums HULL war underwriters are reviewing the additional premiums they charge for voyages to parts of the Middle East, although there is as yet little change, said London market sources, writes James Brewer.

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FEBRUARY 11, 2003
Bolivia reveals gas port deadline Security rules 'will challenge US' Owners 'need to re-examine US laws' PDV Marina rebuilt 'from scratch' Spabunker oil extraction begins Israel imposes age restriction Pirates kill seafarer, wound second Industry hails emissions ruling Grounded tanker refloated Japanese secure Suez alternatives Ventspils suffers from oil blockage Prestige phase-out splits EU Great Eastern confirms SCI exit Gwadar offered for Russian exports Desperate Zimbabwe taps Iranians Traffic control platform proposed Brussels backs cruise merger again Early dates swung CSBC deal Nenaco equity to be sold Malaysians suffer from PTP success

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FEBRUARY 11, 2003
TACA plans westbound increases Trans-Atlantic carriers plan to raise tariff rates on westbound cargo by $400 per 20-foot container and $500 per 40-foot container on April 1, and by an unspecified additional on Oct. 1. Hike for Persian Gulf war-risk charges Underwriters have raised war risk premiums for all merchant ships calling at some ports ahead of expected military action against Iraq. BAX sees gain in operating profits The forwarder reported operating profits of $11.2 million in the fourth quarter of 2002, up from $2.6 million the year before, as revenue jumped 16 percent to $528.5 million. NY/NJ terminals rebut truckers' claims Panama Canal volume is up Mail Boxes Etc. changes name to The UPS Store Expeditors gains in 4Q Consortium formed for HK-China bridge project India SEZs to boost ports 'Fireworks' over DOT rules Delta offers Web bookings on GF-X Phoenix names general managers Pilot Air Freight names Matthews

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FEBRUARY 11, 2003
Possible loss of Gdynia to rival won't prevent APMT growth AP Moller Terminals (APMT) has said that it is going to radically grow its terminal business by 2005 increasing its market share substantially compared to its rival operators. Thwarted Hutchison demands Laem Chabang tender probe Hutchison Port Holdings has contacted Thai Prime Minister Thaksin Shinawatra demanding a probe into alleged irregularities during the bidding for Laem Chabang's newly built C3 container terminal. Asian 'dynamism' to fuel massive Intra-Asia growth Major operators line up for Angola terminal privatisation HK shippers reject Hutchison intervention over THCs Coscon seeks partners for new China/USEC service Malaysia's North Butterworth expands as volumes rise TACA announces two-stage rate hike for 2003 Tasman Orient upgrades all services Bidder announces withdrawal from SCI divestment

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FEBRUARY 11, 2003
Mid-Ship launches down-river Long Island broker opens new office in New Orleans. USCG warns of potential terrorist bill Conference told industry could avert huge costs by paying small amount for security up front. Finnlines buys Stena RoRo ro-pax Finnish owner splashes out $75.5m on 2000-built ship and sells older ferry to Swedish owner. More, and quicker Panama shows improved traffic and transit times, though no major post-September 11 recovery yet. De Ruiter: No compromise on single hulls EC shipping safety chief Willem de Ruiter says tanker owners are stuck with post-Prestige phase-out plans. Great Eastern reaches end of tether with SCI sell-off After months of hedging its bets, Indian owner rules itself out of race for state-owned giant. Keymar refloated off Skikda Stelmar aframax successfully moved off Algerian beach 10 days after grounding in bad weather. OMI talks up tanker market prospects Chairman Craig Stevenson says Iraq "regime change" could bring rewards. Tanker Pacific buys single hull VLCC Ofer Group company continues rebuilding large tanker fleet after scrap binge. Tanker and freighter collide in Yangtze Clean-up operations underway in busy shipping lanes at Chinese river mouth. Wilh Wilhelmsen income soars Car carrier giant and partner now control 30% of sector's world fleet. Stelmar confirms Target resale acquisitions Private Greek owner could book up to $18m profit on disposal of six MR tankers building at STX. B+H tanker refloated Laden vessel undergoing underwater inspection but no spill observed. Odfjell hedges its bets as earnings slide Norwegian tanker owner flags up a much-improved fourth quarter. Bergesen scraps LPG carrier Norwegian owner cashes in on high Chinese scrap price. PSA sees increase in January throughput Singapore's major container port saw early 2003 domestic volumes grow compared to last year. China's oil imports jump 15% Talk of increasing Russian imports as fast growing economy sucks in nearly 70m tons of crude. SembCorp inks barge outfitting deal Singapore marine engineering group to complete pipelay construction barge for Dutch contractor. Investors hot for Sinotrans stock Massive domestic demand prompts revision of stock split between Hong Kong and international investors. Onomichi books product tanker trio George Chao's Wah Kwong and two Japan owners ink orders for yard's popular 47,000-dwt design.

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FEBRUARY 11, 2003
Lambos, admiralty attorney, dies at 72 P&O Nedlloyd vessel joins eastern service TACA plans westbound tariff rate increases NVOCCs, carriers battle on shipper confidentiality issue China Shipping joins WTSA carrier group Military sealift command charters totem ocean ship to support troops One-off gains boost wilh. Wilhelmsen's net profits CMA CGM, Algerian carrier start Houston/Algeria breakbulk link Teekay Shipping to raise $125 million Tasman Orient Line amends Asia/New Zealand services Fedex names truesdale to manage Caribbean region Pilot air freight reports improved financial results Moody's downgrades American Airlines' debts ATF clarifies rules on transport of fireworks Canadian National works to remove damaged rail cars after accident Conflo Lines improves service to Hungary, Romania L-3 security unit names Waters VP, cargo Miller brewing selects Schneider for supply chain services IMRA asks itc to look beyond price in textile assessment Port of Baltimore adds gamma ray scanner