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Shipping News

M'sia ready to sign onto US box screening initiative
MALAYSIA has 'no problems' signing onto the US Customs Container Security Initiative , despite an earlier lukewarm response, according to the Ministry of Transport.
'Comply with advance cargo manifest rule'
THE World Shipping Council has strongly urged all shipping lines and shippers to be prepared to fully comply with US Customs' 24-hour advance cargo declaration requirements from the Feb 2 deadline.
Hong Kong finds hitch in US 24-hour ruling
HONG Kong appears to be backtracking again on implementation of tighter security measures on containers bound for the United States, even as the deadline looms.
MOL restructures S'pore ventures
JAPAN's Mitsui OSK Lines has undertaken a major equity restructure of its Singapore joint venture companies.
South Korean shipbuilders post record sales
SOUTH Korean shipbuilders posted record sales last year despite a shaky global economy, company officials said yesterday.

Air and Land Transport

European airlines' traffic seen falling 5% in 2002
EUROPEAN airlines' traffic is expected to have declined 5 per cent in 2002 as demand for air travel fell following the Sept 11, 2001, hijackings, the Association of European Airlines said.
Virgin Blue buying planes for first time
Bangkok Airways expects sales to jump 25%
Indonesian cargo airline starts services to S'pore
Stranded Nigeria Airways passengers protest at airport
SAS gloomy about prospects for 2003

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Shipping News

M'sia ready to sign onto US box screening initiative
MALAYSIA has 'no problems' signing onto the US Customs Container Security Initiative , despite an earlier lukewarm response, according to the Ministry of Transport.
'Comply with advance cargo manifest rule'
THE World Shipping Council has strongly urged all shipping lines and shippers to be prepared to fully comply with US Customs' 24-hour advance cargo declaration requirements from the Feb 2 deadline.
Hong Kong finds hitch in US 24-hour ruling
HONG Kong appears to be backtracking again on implementation of tighter security measures on containers bound for the United States, even as the deadline looms.
MOL restructures S'pore ventures
JAPAN's Mitsui OSK Lines has undertaken a major equity restructure of its Singapore joint venture companies.
South Korean shipbuilders post record sales
SOUTH Korean shipbuilders posted record sales last year despite a shaky global economy, company officials said yesterday.

Air and Land Transport

European airlines' traffic seen falling 5% in 2002
EUROPEAN airlines' traffic is expected to have declined 5 per cent in 2002 as demand for air travel fell following the Sept 11, 2001, hijackings, the Association of European Airlines said.
Virgin Blue buying planes for first time
Bangkok Airways expects sales to jump 25%
Indonesian cargo airline starts services to S'pore
Stranded Nigeria Airways passengers protest at airport
SAS gloomy about prospects for 2003

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Evergreen steps up coverage of South China market Perishables make Ho Chi Minh the place to be in April MOL opens third office in Brazil Manila terminal opens with promise of lower freight costs Rickmers-Linie takes delivery of third vessel in series Dick Marzano named Tacoma Port Commission president Continental reports US$109m loss in fourth quarter 2002 Airbus lands 2002 sales worth US$20.4b Global losses at US$13b in 2002 for air industry

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JANUARY 16, 2003
Strikes expected in European ports Widespread actions are planned by European dockworkers later this week and next week, according to the European Transport Workers' Federation, ranging from informational meetings at ports in the UK, to an one-day strike in Belgium on Friday to a weeklong shutdown of ports in Spain from Jan. 20-24 and actions in the Netherlands, Germany, Finland, and Italy. Geodis expands its partnership agreement with Elix Geodis Group is expanding its agreement with Elix. Since 1 January 2003, its Italian subsidiary Z'st Ambrosetti (93 sites, 1,200 employees, 411 million net sales) has become the sole European groupage partner of the Elix network linking Germany and Italy. Evergreen to the South China market Having added the port of Yantian in China to its eastbound WAE pendulum schedule last August, Evergreen is now including a westbound call, thus doubling its sailing frequency between this Pearl River Delta port and Europe. Virgin Blue Snaps Up 10 Boeing Jets Discount Australian airline Virgin Blue boosted its fleet on Thursday with 10 Boeing Co 737-800 aircraft and an option for 40 more, as it battles Qantas Airways Ltd. and targets international routes. Continental loss of $451 million Continental Airlines lost $109 million during the fourth quarter, bringing its losses for 2002 to $451 million.

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JANUARY 16, 2003
Tight avails throughout USWC ARA: Rotterdam outlook bleak, Antwerp affected by strike War looms larger after UN inspectors find warheads in Iraq Cleanup progressing well after Houston bunker spill Russia's freezing ports US products imports to increase Congested Canaries await re-supply Improving outlook in Japan as bullish crude closes price gap Gibraltar and Straits: Buyers still keen despite firm market Buyers back off as trading finishes higher in Singapore Istanbul: Buyers resigned to high prices Sri Lanka fueloil procurement notice Crude rally continues as EU statement brings war one step closer High crude keeps down demand levels in Italy Rotterdam prices continue up, strike looms on Friday

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JANUARY 16, 2003
Carpenter Technology chooses Ryder New inland terminal in N'renberg Charter Air becomes Air Expedite UniFeeder launches new services A first step for Lufthansa Technik AG in Southern Europe

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JANUARY 16, 2003
World Trade Center Tacoma names Globe/Marco Polo award winners Ports of Seattle and Tacoma mark start of Operation Safe Commerce Retired Barbados port official presented AAPA service award Patricia Davis elected chair of Seattle port board Container group sets next round for inspectors' examinations

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Snow dragged into Maersk pensions row THE fight to save the pensions of former UK-based Sea-Land staff has reached the very highest levels in Washington and London. Catlin wins key role in P&I reinsurance contract A NEW leader for the key reinsurance contract for the International Group of P&I Clubs has emerged from tough negotiations at Lloyd's, sparking controversy over the takeover. Lunardi says Italy will join single hull ban wagon ITALY is looking to ban single-hulled tankers carrying heavy fuels from its waters, transport minister Pietro Lunardi has told his UK counterpart in London.

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JANUARY 16, 2003
Rotterdam blast closes waterway Strike to paralyse Peruvian ports Cunard contrite after health scare US Customs firm on 24-hour rule PDVSA asks owners for more time Moroccan Najat victims disappointed Alert over morpholine boxes Petersburg cargo getting through Aker Kv'rner appoints Kjelstad Navigational buoys for reef route Rotterdam offers slimmer Maas plan NYK tests innovative box terminal Indian port investment concern Manila terminal boosts ro-ro links Star Cruises dismisses move rumours Crucial year ahead for SNCM Scandlines in good state for sale Sepetiba coal terminal closed Scandinavian Star inquiry reopened HMM to clear short-term debts Korea to step up ship inspection Consortium signs LNG agreement Cambodia defends registry award

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JANUARY 16, 2003
Record year for HK air-freight handler Hong Kong Air Cargo Terminal Ltd., the largest air-freight handler in the territory, saw volume jump 19.6 percent, reversing a year-ago decline. Maersk Sealand in Sri Lanka deal The world's largest liner company has signed a terminal services agreement with the state-run Jaye Container Terminal at Sri Lanka's Port of Colombo. Iraq war fears damp trade investment An Asian diplomat said countries are hedging ahead of expected military action in the Mid-East. Lufthansa, union will meet again Lakes port traffic up Lakes legend Ryan still boosting Jones Act Longtime rail exec, A. Scheffer Lang, dies Lines sign LNG charter Trailer Bridge gets second patent 3PL market still fragmented: Study

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JANUARY 16, 2003
Lloyd Triestino dips toe in Atlantic Italian line extends pendulum service to cover east coast US. US goes the whole hog US to enforce IMO security measures hook, line and sinker. New MD for troubled Actinor Kristian Eidesvik resigns in favour of chairwoman Helen Leversund. Alstom marine orders flag Cruiseship famine hurts but shipbuilding unit eyes other vessels types. Rotterdam bids to attract ships Top port to harness magnets to hold ships to their berths. RasGas sets up three LNG newbuildings But Bergesen and Moller set to slug it out for sixth vessel. Great Eastern profit sails south Indian owner pays a price for tanker market exposure. Italy wants to ban single hull tankers Incoming EU leader thinks incentives could speed phase out. Kogas to up LNG imports Korean importer struggles to secure gas and ships as shortage bites. New chief for Aker Kvaerner yards Karl Erik Kjelstad named as head of 15 shipyard business. SCI caught in privatization crossfire Owner frustrated as political row freezes growth plans. Mineta beefs up port security cash Port body praises US Transportation Secretary's extra funding of $105m, but says it is not enough. US forks out for veteran tankers The military is play close to $100m for four seventeen-year old handysize product tankers. Seabulk names new offshore head Ex-Tidewater takes charge at Florida owners' largest revenue earner, but no word of predecessor.