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Shipping News

Registers used to offer cover to terrorists: OECD report
TERRORISTS and other international criminals can operate in complete secrecy under any flag registry in the world - even the most respectable - according to a new report from the Organisation for Economic Co-operation and Development.
Good demand, so Virgo stays Down Under till mid-July
MALAYSIA's Star Cruises has extended the Australian cruise programme of the formerly Singapore-based Superstar Virgo until at least mid-July, citing better-than-anticipated demand.
Striking Korean truckers ignore warnings
TRUCKERS here continued with a work stoppage, despite stern warnings by the government, and leaving freight transport at two of South Korea's major ports crippled.
P&O sees positive outlook for containers
PENINSULAR & Oriental Steam Navigation Co, the UK's No 1 shipper, is 'confident' its container joint venture will break even this year, helping the shipping company to return to profit in 2003.

Air and Land Transport

THAI sees big drop in Q2 profit
THAI Airways International Plc will report a sharp yearly drop in second-quarter net profit this week due to increased fuel prices in the run-up to the Iraq war and fewer foreign exchange gains, analysts said.
US airport security still has leaks
Northwest Air may cut more jobs due to Sars
Virgin may get HK-Sydney flights
No-frills carrier for Mid-East market soon
SARS log

Port Shots

PORT Shots
A Malaysia-registered cargo ship, Diana, was detained in the southern Chinese port city of Shenzhen on Friday due to fire hazards.

web site

Shipping News

Registers used to offer cover to terrorists: OECD report
TERRORISTS and other international criminals can operate in complete secrecy under any flag registry in the world - even the most respectable - according to a new report from the Organisation for Economic Co-operation and Development.
Good demand, so Virgo stays Down Under till mid-July
MALAYSIA's Star Cruises has extended the Australian cruise programme of the formerly Singapore-based Superstar Virgo until at least mid-July, citing better-than-anticipated demand.
Striking Korean truckers ignore warnings
TRUCKERS here continued with a work stoppage, despite stern warnings by the government, and leaving freight transport at two of South Korea's major ports crippled.
P&O sees positive outlook for containers
PENINSULAR & Oriental Steam Navigation Co, the UK's No 1 shipper, is 'confident' its container joint venture will break even this year, helping the shipping company to return to profit in 2003.

Air and Land Transport

THAI sees big drop in Q2 profit
THAI Airways International Plc will report a sharp yearly drop in second-quarter net profit this week due to increased fuel prices in the run-up to the Iraq war and fewer foreign exchange gains, analysts said.
US airport security still has leaks
Northwest Air may cut more jobs due to Sars
Virgin may get HK-Sydney flights
No-frills carrier for Mid-East market soon
SARS log

Port Shots

PORT Shots
A Malaysia-registered cargo ship, Diana, was detained in the southern Chinese port city of Shenzhen on Friday due to fire hazards.

web site

Shipping News

Registers used to offer cover to terrorists: OECD report
TERRORISTS and other international criminals can operate in complete secrecy under any flag registry in the world - even the most respectable - according to a new report from the Organisation for Economic Co-operation and Development.
Good demand, so Virgo stays Down Under till mid-July
MALAYSIA's Star Cruises has extended the Australian cruise programme of the formerly Singapore-based Superstar Virgo until at least mid-July, citing better-than-anticipated demand.
Striking Korean truckers ignore warnings
TRUCKERS here continued with a work stoppage, despite stern warnings by the government, and leaving freight transport at two of South Korea's major ports crippled.
P&O sees positive outlook for containers
PENINSULAR & Oriental Steam Navigation Co, the UK's No 1 shipper, is 'confident' its container joint venture will break even this year, helping the shipping company to return to profit in 2003.

Air and Land Transport

THAI sees big drop in Q2 profit
THAI Airways International Plc will report a sharp yearly drop in second-quarter net profit this week due to increased fuel prices in the run-up to the Iraq war and fewer foreign exchange gains, analysts said.
US airport security still has leaks
Northwest Air may cut more jobs due to Sars
Virgin may get HK-Sydney flights
No-frills carrier for Mid-East market soon
SARS log

Port Shots

PORT Shots
A Malaysia-registered cargo ship, Diana, was detained in the southern Chinese port city of Shenzhen on Friday due to fire hazards.

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Panalpina 2002 net income rises Trinity posts first quarter loss Oakland chooses ADT to install US$4.75m port security system Lloyd Triestino upgrades web site, adds new features Cathay Pacific asks staff to take unpaid leave in summer Siemens, Lufthansa help China Sars fight with medical delivery Korean Air, Delta Air Lines expand codeshare arrangement Aniel Weder to head product and services at Swiss

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Strength, trust & reliability take Globelink WW Shipping into 3rd anniversary Lykes Lines enters Indian trade GE Shipping places order for Suezmax tanker Samudra to set up shipyard Europe preferring Indian textiles to supplies from Far East - Exporters set to reap windfall from SARS! Sugar exports up by 94 pc in Oct-March 2002-03 Port Pipavav connected by broad gauge railway line - Effective link to North-West, Central India TPT gets coveted ISO 9001:2000 certification KoPT sets 41 m tonnes traffic target for 2003-04 - Handling charges to be reduced 2 more ICDs notified CONCOR services between ports of Pipavav, Mundra & ICD-TKD soon Mark Fernandes appointed Chairman of IMC's Transport Committee for 2003-04 - First meeting on May 20 Food import norms notified EPCs hopeful of 15-20 pc export growth during 2003-04 More items in SION list New Bill to enable AAI to lease out airports Samsonite to set up new plant in South CEOs from top auto parts firms to visit US Clear agendas to promote growth stressed - BCC&I holds 167th AGM-Vision Session: An Agenda for India

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MAY 9, 2003
Daily bunker market report from Praxis Energy Agents African Market snapshots Oil prices continue to show strength after 2 day rally Rotterdam firms with stronger crude and barges Brazilian market update from Petrobras

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MAY 9, 2003
Boeing and JAL break out the saké New business director for Swiss Logistics Association CuxPort demonstrates its flexibility Tenders invited for East London-Umtata Line Angel Trains leases locos to CFL S&P for Logistics & moh

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MAY 9, 2003
Poor watchkeeping and inadequate training behind ro-ro loss Draconian EU port proposals EU phase-out proposal a step further

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MAY 9, 2003
Lockheed Martin expands LCS team United States Marine Repair joins the Sea Blade team Title XI hearings McCain will preside at hearings on program reform Wartsila power for CRP ferries Two Japanese ferries with an innovative contrarotating Azipod system will also feature Wartsila diesels in a CODED arrangement

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MAY 9, 2003
Anthony's Restaurant will open in Sea-Tac Airport Pacific Marketplace Coast Guard taps ICGS for $130 million aircraft deal Boeing gives food drying patents to Washington State University John Jamian takes post with Maritime Administration Washington Ferries gives free ride to past/present members of military

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British Trader makes debut in West Indies BRITISH Petroleum's recently-built liquefied natural gas carrier British Trader (pictured) has loaded the first consignment from Atlantic LNG's Train 3 facility in Trinidad and Tobago, writes David Osler. CMB plans to demerge Exmar by mid-June BELGIAN shipping group CMB has announced that it hopes to demerge its industrial gas shipping and offshore activities arm Exmar Belgian shipowners ready to fly the flag CMB will be one of the first companies to take advantage of the return of the Belgian flag. Pollution compensation set to increase A NEW tier of funding for oil pollution incidents from tankers, which could raise the maximum compensation payable for a single incident by 50%, is due to be adopted this week under the International Maritime Organisation's Civil Liability and Fund Conventions. Outrage at Prestige compensation offer THE International Oil Pollution Compensation Fund's proposal of a 15% initial pay-out to Prestige victims has provoked a clamour of outrage from French political leaders and pollution victims.

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MAY 9, 2003
Spill supplementary fund threatened Italians highlight shipyard crisis Crew managers avoid SARS Indignation over spill compensation Title XI hearing begins May 15 Agent to operate Syria link Box surcharge baffles port head EU ports cautious over security Builders plan for high-tech future ICTSI has plan for haz cargoes Canada revisits pilotage changes Aker yards slash German workforce Stock shock for Manitowoc Bunbury terminal plans win funding Korean strike now threatens ports

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MAY 9, 2003
U.K. airports cargo steady in April BAA, the world's largest airport operator, said cargo was stable despite the effects of the Iraq war and SARS virus. Taiwan urged to allow direct China cargo flights as SARS hits schedules Pressure is mounting on Taiwan's government as rates rise and capacity shrinks. Panalpina pre-tax earnings off Cathay Pacific asks staff to take unpaid leaves Crowley opens Russia office Bangladesh joins CSI Despite deal, Pusan still threatened by truckers strike New Orleans fires up new cranes FMC to host maritime regs seminar Dozens presumed dead after Congo cargo jet door opens J.B. Hunt founder to sell stock NLRB won't save non-union planning jobs

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MAY 9, 2003
Trucker's dispute brings Busan to a grinding halt Congestion caused by a trucker's dispute at Busan has virtually brought cargo to a standstill over the past two days and is likely to continue over the weekend. Germanischer Lloyd to reveal 12,000TEU ship this year Union decries Santos sackings as new workers slow inbound cargo US centre issues SARS guidelines to Maritime industry Swiss and Italians take first step to better alpine intermodal links SSA closes in on Mexican port deal FDA publishes anti-bioterrorism proposals EC to approve Maasvlakte II environmental impact study

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CMB plans late June listing for Exmar Shareholders have still to approve group move to shed gas arm. Swedish Orient to quit exchange Majority shareholders to take line private in early June. China poised to tender for Fujian LNG ships Documents to go out to yards at the end of the month. Great Eastern orders again Indian owner confirms contract with South Korean yard for suezmax tanker. Sumitomo ups profit Land sale and cheaper labour boost pre-merger figures Japanese shipyard group. TEN expects higher numbers Tanker upturn produces record profit with charter rates likely to move still higher. More red ink for Fred Olsen Pretax loss of quoted companies tops $42m but deficit cut by 60%. Golar talks up Tijuana import project Marathon consortium is first with Baja LNG terminal approval. Bergesen shareholders watch and wait Helmut Sohmen inches up stake holding as small stockholders sell up.

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MAY 9, 2003
IMO plans to adopt third tier for pollution compensation Sea Star partners on Virgin Islands service Crowley Maritime forms Russian company Deutsche seereederei buys four multipurpose ships for Stinnes Linien Lloyd Triestino adds internet bill of lading facility MOL moves towards double-hull tankers House Subcommittee approves guns for cargo pilots Yellow Corp. names gaines VP-controller Con-Way adds e-business enhancements Ryder System picks ACS for communications solution CP Railway completes software install at automotive terminals Pacer International doubles first-quarter net income Meridian Iq names mulloy, forbes VPs Gipsa raises rice inspection fee 4.1% FDA proposes record-keeping rules to trace transported food imports Panalpina's 2002 results hold steady GAO: ustr's preparation for FTAA negotiations questioned Bremen ports company to consult on Lithuania project