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Shipping News

Mongolia sets up shipping register
IN a move that defies not merely the nay-sayers but perhaps the imagination as well, land-locked Mongolia has become the latest international maritime player with the start-up of its own shipping register.
Dockers at PSA's HNN stop work in Europe-wide action
WATERFRONT work at PSA Corporation's Belgium subsidiary Hesse Noord Natie reportedly ground to a standstill for more than two days during strikes called by European transport workers unions.
S'pore handles more boxes, ships, bunker operations
SINGAPORE handled more containers, vessels and bunker operations in January year on year, but recorded a slight fall in cargo tonnage and its ship registry, the latest statistics released yesterday by the Maritime and Port Authority reveal.
RCL starts new service
REGIONAL Container Lines has launched a new service and restructured an existing service to meet growing regional demand.

Air and Land Transport

Exel expects Asia-Pacific to continue strong growth
THE world's largest third party logistics company, Exel, expects its double digit revenue growth to continue in the Asia-Pacific this year, according to regional chief executive C K Lee.
HK airlines resume feud over routes to China
Insurance firm to buy US Air's debt for US$1.5b
MAS to offer 30-50% fare discounts
Germany to boost Frankfurt Airport security in event of war
Delta forecasts negative cash flow, lower capacity

web site

Shipping News

Mongolia sets up shipping register
IN a move that defies not merely the nay-sayers but perhaps the imagination as well, land-locked Mongolia has become the latest international maritime player with the start-up of its own shipping register.
Dockers at PSA's HNN stop work in Europe-wide action
WATERFRONT work at PSA Corporation's Belgium subsidiary Hesse Noord Natie reportedly ground to a standstill for more than two days during strikes called by European transport workers unions.
S'pore handles more boxes, ships, bunker operations
SINGAPORE handled more containers, vessels and bunker operations in January year on year, but recorded a slight fall in cargo tonnage and its ship registry, the latest statistics released yesterday by the Maritime and Port Authority reveal.
RCL starts new service
REGIONAL Container Lines has launched a new service and restructured an existing service to meet growing regional demand.

Air and Land Transport

Exel expects Asia-Pacific to continue strong growth
THE world's largest third party logistics company, Exel, expects its double digit revenue growth to continue in the Asia-Pacific this year, according to regional chief executive C K Lee.
HK airlines resume feud over routes to China
Insurance firm to buy US Air's debt for US$1.5b
MAS to offer 30-50% fare discounts
Germany to boost Frankfurt Airport security in event of war
Delta forecasts negative cash flow, lower capacity

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Mainline operators unveil fast intra-Asia service Toll interim net earnings rise by record 44pc in 2002 MOL acquires ISO14001 certification RCL puts new service in water, restructures another SLPA to redevelop Colombo's North Terminal Exel contracted to revamp Sun distribution system Tacoma names new director of contracts, risk management Martinair flies back to profitability in 2002 AeroMexico puts in large order for Boeing 737-700 aircraft DHL master council elects pilots to top union posts

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World Cargo Alliance's Bangkok meet turns out to be a huge success SCI announces 30 pc interim dividend Marine insurers set to impose war-risk surcharge in Gulf-Indian Ocean area - Feeder lines suspend operations to/from Iraq's Umm Qasr port Crude tankers envisage "business as usual" DGFT proposes negotiated price for import of Chinese silk War threat no cheer for Iraq tea exporters Exim Bank, TIDCORP in LoC to support exim trade VPT allots addl land for container terminal Vizag Port handles all-time high output of 9.4 lakh t. alumina up to March 10, 2002-03 Airlines charging 30 pc more for US-bound cargo Railways exceed freight target in January Reshamsingh Group achieves milestone in super ODC cargo transportation US Ambassador allays India's fear on war fallout SEZ status sought for proposed Kolkata leather goods park Rudy reiterates India's commitment to BIMST-EC trade area CBEC chief rules out rollback of Cenvat chain extension to textile segments Exim Bank enters syndication market with $ 100-m ECB IMC's new Managing Committee elected

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MARCH 11, 2003
Daily bunker market report from Praxis Energy Agents Ice problems in Riga & Tallinn, markets firm Great Belt: Great gasoil gains High and volatile oil prices for 2003 Fuel goes East in VL IPE extends trading hours to commence at 02.00 AM Spain: Bominflot staff announcemnt Uruguay: Fueloil supply restarted from 13th March Rising prices & temperatures - ice melting in St Petersburg? Fujiarah sees slight firming in the face of bearish cargo Fos: Strike to end tomorrow Ecuador: Navipac S.A. staff announcement Rotterdam softens with crude High Indications still deterring buyers in Hong Kong

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MARCH 11, 2003
Lufthansa Cargo announces another fuel surcharge U.S. Agency probing DHL Airways nationality New intermodal services from Bargetrain More goods on Russian vessels Hilti extends its agreement with Danzas

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MARCH 11, 2003
"Romantika" sister keel laid Matson will not take delivery IUM Shipmanagement to move

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MARCH 11, 2003
MAN B&W backs FWE for NOX reduction The nitrogen oxide (NOX) emission reduction technology based on fuel water emulsion injection (FWE), developed by MAN B&W Diesel, has proved a success in series operation. Keppel Offshore & Marine units win S$95 million in contracts Business units of Keppel Offshore & Marine Ltd, a wholly owned subsidiary of Keppel Corporation Limited, have secured S$95 million (US $54.7million) worth of contracts. Ron J. McAlear starts new job President of Atlantic Marine, Mobile

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Cape crusaders unite to set up Asian mega-pool SOME of the biggest names in the Asian capesize business are clubbing together to form a Hong Kong-headquartered pool to be called Cape Asia Inc. Hamburg S'd set to buy Kien Hung liner operations GERMANY'S Hamburg S'd has concluded an agreement in principle to take over the liner activities of Taiwanese operator Kien Hung. SSY makes second foray into virtual trade with GlobalCoal SIMPSON Spence and Young is launching an online Forward Freight Agreement platform with internet coal trading venture GlobalCoal, writes Neville Smith. EU's port directive gets Strasbourg vote Brussel's controversial Port Services Directive has survived a second reading in a final vote at the European Parliament, but only with a number of key amendments, writes Roger Hailey. Martin to sell Canada Steamship PAUL Martin, the front-runner to replace Jean Chretien as Canadian prime minister, bowed to pressure yesterday and said he would sell his cherished shipping company to avoid a possible conflict of interest, Reuters reports.

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MARCH 11, 2003
Carnival looks to Far East Tropical parent's shares plummet CSL's Martin rethinks ownership Cruise cancellation policy eased NCL disciplines crew for dumping Costa responds to journalist death Pakistan to improve cargo clearance Study shows extent of leave denial Matson plays hardball with unions Dockers happy with directive vote Ports directive vote later today UAE P&I monopoly broken Dockers step up directive action Gisborne port sold, renamed Korean Register chairman resigns Not-so-Evergreen fined for dumping Mississippi terminals seek tug deal APL targets Chinese ports Pertamina to float $130M bonds Koreans warn of war risk burden

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MARCH 11, 2003
Korea shipbuilders expect record year Awash in orders, shipyards are forecasting a record year that would cement the country's position as the world's leading builder. Pass-ons no sure thing for forwarders Freight forwarders and couriers said they are having mixed results in passing on fuel surcharges to their customers. APL boosts Mexico-Asia service Northwest, KLM hike air-cargo surcharges Cargolux to raise fuel surcharge Hamburg Sud acquires trans-Pacific line US Airways to emerge from Ch. 11 CF to sell Canadian Freightways Second Indian port lowers charges for carriers Forwarder projects rapid growth European port protests turn violent Shippers' project boosts extended gate hours

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MARCH 11, 2003
European Parliament vote soothes angry dockers A period of strike-free port operations seems possible after the European Transport Workers' Federation (ETF) hailed today's European Parliament vote on the EU Ports Package as 'a step in the right direction'. Forwarders levy 24hr documentation fee Major forwarders have said that they will now charge a 'documentation fee' for services connected with new security regulations for US bound cargo, but charges will vary. Hamburg Sud to acquire Kien Hung this month Shippers invited to lead West Coast terminal revolution Sinokor and Hanjin to launch Vietnam link Rhine-Main trimodal facility to expand capacity Lines axe Lagos surcharge, but threat remains CSAV establish UK agency joint venture MEPs support dockers' unions faced with 'police repression'

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MARCH 11, 2003
HAL defers Oosterdam start Holland America Line cancels first two Europe sailings but denies bookings are the problem. Washington sitting on funds? Sponsors of US maritime security act berate government for not releasing funds. Martin agrees to turn over CSL Front-runner for PM gives up private shipping company after political storm. Hamburg Sud takes over Kien Hung German line steps in where CP Ships feared to tread with purchase of cash-strapped Taiwanese operator. Worldscale antics keep punters guessing Bulk of Intertanko party guests find the market moved for them. EWATA scraps Lagos congestion surcharge Improving conditions at Nigerian terminals is good news for customers of African container group. RCCL changes Med policy Cruise line relaxes no-show terms to entice more to the Med. HMM car unit sale dispels red ink But fourth quarter operating loss widens, as sales crash back. Bank to pay out on Prestige Funds prepared to help Spanish states with tanker spill aftermath. Vosco ship held by Japanese Vietnamese owner's Vinh An among 48 vessels detained after port state checks in February. ITF crew pay freeze to continue Employers set to ask for more time to build a global pay forum but Norwegians stay out. Solid result for Trasmediterranea Revenues and pre-tax profits increase at privatised Spanish ferry owner, but net figure falls. Navibulgar secures vital loan Bulgarian state shipowner to finally sign for loan needed to finish vessels at Varna shipyard. VLCC hulk put up for auction Hungry demolition buyers offer big bucks but fail to pull in the tonnage. Korean orders hit record highs Yards say they will knock Japan off top slot with current newbuilding splurge. FEFC: price hikes must take place Containership group pleads for understanding from Asian shippers as they face April rate restoration. Shipmanagers set for larger role Increasing legislation and politics making small-scale operations uneconomical claims Cremers.

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MARCH 11, 2003
Hamburg Süd to acquire taiwanese line Kien Hung Tropical Shipping, Kestrel Liner Agencies form alliance Marad offers reefing assistance to coastal states Mcnamera warns of misdeclared bulk cargoes Bush requests $18.47 million for FMC 2004 budget Canada transpacific lines adjust fuel surcharge Crowley adds 3rd weekly sailing to U.S. Gulf/Central America link APL, CP Ships more than double capacity on Asia/Mexico service UPS launches exchange collect to speed money flow Northwest, KLM raise fuel surcharges Schneider to use new rack for moving glass products Famous Pacific Shipping appoints German agent U.S. Senate forms homeland security subcommittee SC Johnson picks EXEL to manage aerosol facility in Chile USTR begins review of GSP Port of Savannah improvements aim to accommodate growing volumes European Parliament adopts port liberalization directive Dockworkers continue strikes in European ports Hong Kong's re-export boom continues Europe/Nigeria carriers stop Lagos surcharge