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Shipping News

Intra-Asian box trade to outpace global average
INTRA-Asian containerised trade will grow more rapidly than the global average, which is expected to slow slightly from the current 6.5 per cent annual growth, according to a recent United Nations study.
ITF slams Cambodia's decision on ship registry
COSCO-HIT's throughput up 3.4% last month
Xiamen port's trade hit record US$21b last year
More ships visit Ningbo

Air and Land Transport

Air NZ shares rise 6% on news of United's departure
AIR New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines said it will stop flying between the US and New Zealand in March.
ABN Amro cuts recommendation on Qantas
Xiamen Air starts services to S'pore
Air China to increase flights for Lunar New Year
Flight data recorder of TransAsia plane recovered
Concorde turns back
Low-cost airline companies flying into central Europe

Features

Building China's Chicago
THE engineers who run China have designated this congested southwestern city, cupped by the Zhongliang Mountains and divided by flood-prone rivers, as their country's new Chicago.

web site

Shipping News

Intra-Asian box trade to outpace global average
INTRA-Asian containerised trade will grow more rapidly than the global average, which is expected to slow slightly from the current 6.5 per cent annual growth, according to a recent United Nations study.
ITF slams Cambodia's decision on ship registry
COSCO-HIT's throughput up 3.4% last month
Xiamen port's trade hit record US$21b last year
More ships visit Ningbo

Air and Land Transport

Air NZ shares rise 6% on news of United's departure
AIR New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines said it will stop flying between the US and New Zealand in March.
ABN Amro cuts recommendation on Qantas
Xiamen Air starts services to S'pore
Air China to increase flights for Lunar New Year
Flight data recorder of TransAsia plane recovered
Concorde turns back
Low-cost airline companies flying into central Europe

Features

Building China's Chicago
THE engineers who run China have designated this congested southwestern city, cupped by the Zhongliang Mountains and divided by flood-prone rivers, as their country's new Chicago.

web site

Shipping News

Intra-Asian box trade to outpace global average
INTRA-Asian containerised trade will grow more rapidly than the global average, which is expected to slow slightly from the current 6.5 per cent annual growth, according to a recent United Nations study.
ITF slams Cambodia's decision on ship registry
COSCO-HIT's throughput up 3.4% last month
Xiamen port's trade hit record US$21b last year
More ships visit Ningbo

Air and Land Transport

Air NZ shares rise 6% on news of United's departure
AIR New Zealand Ltd shares rose 6 per cent on expectations that the government-controlled airline will win customers and bolster revenue after United Airlines said it will stop flying between the US and New Zealand in March.
ABN Amro cuts recommendation on Qantas
Xiamen Air starts services to S'pore
Air China to increase flights for Lunar New Year
Flight data recorder of TransAsia plane recovered
Concorde turns back
Low-cost airline companies flying into central Europe

Features

Building China's Chicago
THE engineers who run China have designated this congested southwestern city, cupped by the Zhongliang Mountains and divided by flood-prone rivers, as their country's new Chicago.

	web site

US Customs to have no enforcement powers in HK, says official Descartes to open Japan office Evergreen to relocate to largest terminal north of LA Spain joins US CSI programme CSX Lines looks to Ulysses after safety system reviews Xiamen Airlines offers services between China and Singapore ATA of America appoints James May as CEO Continental enters into codeshare with SNCF

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JANUARY 13, 2003
Deutsche Post buys Ascoli Deutsche Post World Net will be acquiring Casa di Spedizioni Ascoli SpA, Milan, Italy, effective January 15, 2003. 'Deutsche Post close to Securicor deal' Deutsche Post is close to acquiring the remaining 50 per cent stake in Securicor's UK parcels distribution business. Venture Entertainment Logistics and TMI Entertainment Logistics and GlobePlanner, part of BV Transport Management International Holding (TMI) at Amsterdam Airport, have signed an agreement to set up a joint venture, which will operate under the name Entertainment Logistics Europe. Modern Terminals might invest in Shanghai Modern Terminals Ltd plans to invest as much as 5 billion yuan (S$1 billion) in Shanghai as one of Hong Kong's biggest port operators expands outside southern China for the first time. 2003: Airbus 300 - Boeing 275 Airbus SASaims to complete 300 planes in 2003, which would exceed the total expected by Chicago-based rival Boeing by as many as 25 planes. China allows foreign couriers majorities China issued regulations which allow foreign freight forwarding and express delivery companies to own a majority stake, of as much as 75 procent, in their local joint ventures.

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JANUARY 13, 2003
Daily Bunker market report from Praxis Energy Agents (Monday) Daily Bunker market report from Praxis Energy Agents (Friday) $1bn Prestige spill OPEC crude production back to square one Russia's crude production up 2003 oil price forecasts for different war scenarios Statia Terminals moves office Baltic frost bite spreads to ARA market O.W. Bunker enters North Russian bunker market Poland: Supply of gasoil to normalise by weekend? OPEC quota increase may fall short of price reduction goal Rotterdam firms despite crude fall

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JANUARY 13, 2003
KLM appoints new SVP & area manager for Western Europe Baiyun International Airport nears completion Unusually thick ice sheets hinders navigation on Baltic Sea Atlas Air obtains waiver and is no longer in default Ingersoll-Rand chooses Hays for distribution contract

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JANUARY 13, 2003
First Wave cancels rig contract First Wave/Newpark Shipbuilding announced today that it has terminated a repair and conversion contract with a Malaysian company, and that it received a commitment for up to $6 million funding from a "substantial institutional investor."

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JANUARY 13, 2003
Schnitzer Steel subsidiary buying Pick-N-Pull stores Port of Portland hires Carl Warren as head of Business Development sector Flemming Jacobs leaves post as Nepture Orient president and CEO Dick Marzano named president of Tacoma Port Commission Shipment of animal feed leaves Port of Tampa Bay for Cuba

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Opec output hike drives VLCC rates to W165 TANKER earnings have rocketed on the back of the Organisation of Petroleum Exporting Countries' decision boost output quotas on Sunday, but owners expect that the best is yet to come. BP sells off Forties field to Apache THE historic Forties North Sea oilfield was sold yesterday by BP to US independent Apache Corp as part of the UK oil giant's $1.3bn disposal of British and US assets. OECD warns of terror behind corporate veil THE Organisation for Economic Co-operation and Development has started the second phase of an investigation into transparency in the maritime world amid concerns that terrorists would find it easy to hide behind the industry's so-called corporate veil. European dockers plan new port services directive strikes EUROPEAN docker unions are planning another round of industrial actions this Friday and next Monday to highlight continued unease on the waterfront over the European Union's proposed directive on market access to port services, writes Brian Reyes.

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JANUARY 13, 2003
Lederer investigation widens Bulker detained after mystery death Kolkata assesses Hooghly options EU relaxed about Korean threat Waterford names short-sea solution Shell expands US fuel operations Grimaldi, Minoan go own ways Ownership is security key, say OECD HHLA named as Karachi partner Teekay denies Adsteam rumour Anomeritis backs IMO on Prestige Order crisis for German cruise yard Vicky towed to Rotterdam Ice delays St Petersburg shipping Prestige leaks being stopped Moroccan alliance redrawn ABS inspector blasts Venezuela Venezuela 'returning to normal' Cruise option delayed yet again Singapore still welcomes foreigners MISC eyes American Eagle Tankers Korea seeks EU explanation

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JANUARY 13, 2003
OPEC's Venezuela production boost expected to further spur tanker rates Soaring supertanker rates are set to rise even higher after OPEC's agreement Sunday to boost exports to plug the loss of shipments from strike-bound Venezuela. U.K. airports cargo up in 2002 The world's biggest airports operator said air freight through its seven United Kingdom hubs increased 2.4 percent in 2002 driven by a year-end surge in shipments. FMC schedules oral hearings New York to get more longshoremen TACA holds bunker charge Record transshipments for Amsterdam Hong Kong sets air-freight record Safmarine, Maersk Sealand ally on India-Europe route Deutsche Post to acquire Securicor Fedex Custom Critical air unit changes name

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JANUARY 13, 2003
S&P assigns BB- rating to CSX Lines So-so credit rating reflects high financial leverage in the run-up to the company's takeover. Oglebay picks up Laker and dock Purchase of Erie Sand & Gravel comes with a self-unloader and two terminals. US publishes list of 'untouchables' More than 170 Iraqi vessels off limits to US businesses as part of bid to enforce sanctions. No SCI sell-off before March State takes Shipping Corp of India off list of privatisations scheduled in current fiscal year. French passengership held by inspectors UK detained 18 ships as a result of port state control inspections in November. Peel launches compulsory buyout of Clydeport UK group aims for 100% of Scottish ports and shipping operation after high take-up of share offer. Bulker owners fined for spill Billabong look to Skuld to pay $500,000 US pollution penalty. Alstom wins ship contracts French group shores up shipbuilding orderbook with research vessel and yacht. Hong Kong hauls in Evergreen boxships Port state control checks reveal faults aboard two of Taiwanese container giant's vessels. Lloyd Triestino eyes Thai fleet stake New contender enters the arena in a long running sell-off saga. Caspian Shipping pushes up volumes in 2002 Caspian Sea operator increased cargo transportation last year by 5%. Korea prepares suit against EU yards The bell sounds for the next round in the great subsidy battle. VLCC rates breach $100,000 barrier Worldscale rates are only going in one direction as tonnage availability begins to tighten. Vicky towed to Rotterdam Court gives permission for Tricolor collision vessel to be moved. Precious wins bond extension Thai bulker owner prevents dilution of shares by escaping massive conversion of debentures. Car carrier in minor spill incident Japanese vessel Violet Ace leaks small amount of lube oil in Townsville, Australia. Prestige clean-up could cost over $1bn Spain asks EU for more cash while Titanic director plans film. Singapore PM: Foreign talent still welcome Goh Chok Tong dispels talk that expat executives are not wanted after Flemming Jacobs' sacking.