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Shipping News

Historic seafarer's wage pact struck
A landmark employment agreement covering 50,000 seafarers around the globe has been reached by union and employers' representatives participating in the International Bargaining Forum.
P&O ferry unit feels the heat from budget airlines
LOW-cost airlines are not just making life difficult for the traditional network airlines with their bargain fares.
2 more die in Queen Mary mishap
FIREFIGHTERS and ambulances at the bow of the Queen Mary 2 in Saint-Nazaire, western France.

Air and Land Transport

Regulators examining Ryanair's French business
EUROPEAN no-frills carrier Ryanair is now facing regulatory scrutiny of its activities in France, soon after its operations at Charleroi airport in Belgium became the focus of a European Union state-aid inquiry.
Japan Airlines incurs 58b yen first-half loss
Qantas' low-cost airline no threat to Virgin Blue
HK airport's Oct cargo traffic hits record high
Concorde lovers scramble for spare parts
Log Book

web site

Shipping News

Historic seafarer's wage pact struck
A landmark employment agreement covering 50,000 seafarers around the globe has been reached by union and employers' representatives participating in the International Bargaining Forum.
P&O ferry unit feels the heat from budget airlines
LOW-cost airlines are not just making life difficult for the traditional network airlines with their bargain fares.
2 more die in Queen Mary mishap
FIREFIGHTERS and ambulances at the bow of the Queen Mary 2 in Saint-Nazaire, western France.

Air and Land Transport

Regulators examining Ryanair's French business
EUROPEAN no-frills carrier Ryanair is now facing regulatory scrutiny of its activities in France, soon after its operations at Charleroi airport in Belgium became the focus of a European Union state-aid inquiry.
Japan Airlines incurs 58b yen first-half loss
Qantas' low-cost airline no threat to Virgin Blue
HK airport's Oct cargo traffic hits record high
Concorde lovers scramble for spare parts
Log Book

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P&O Nedlloyd sees Q3 revenue jump to US$56 million China's foreign trade up 36 per cent in first 10 months Yantian container throughput hits record Indian railways on right track this year Toll in bid race for Freight Australia Japan Airlines freight volume drops in first half Williford calls for management changes at Menlo Thai Airways in listing position Asian carriers to codeshare on Kaohsiung-Bangkok route UPS names new top executives after retirements announced

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Hamburg Sud launches two new services connecting South America - Adsteam appointed General Agents WISA seeks establishment of Maritime Commission India needs bigger, better ports for direct calls-Mr Jan Schot GE Shipping's tonnage crosses 2-m DWT mark India, Hungary sign reciprocal lines of credit Pak adds 78 items to free list of imports Exim Bank to raise $ 50-million loan Trade with US growing steadily Stalled textile cargo may be allowed to enter EU Visakhapatnam Port's traffic growth chart shows rising trend Port bags Safety Award Sinha's visit to MICT coincides with 'K' Line's launch of new CSI service Ministry weighs options to optimise use of CPCs PDEXCIL seeks steps to stabilise cotton yarn prices TUF scheme norms to be relaxed IMC's meeting with CBEC member today Fieo to hold meet with Sudanese team today

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NOVEMBER 14, 2003
Expansion plans revealed for Crete bunker station Greek bunker supplier Seka S.A. today revealed plans to offer a full range of marine fuels from its Kali Limenes bunker station. Seka S.A.announces new Marine Sales Manager Is land-based storage the future for Fujairah's bunker market? The Port of Fujairah has announced plans to construct an on-shore bunkering terminal, and have hinted that the growth in on-shore storage will render the use of floating storage on tankers offshore obsolete. Suppliers seem less convinced that this will happen very fast, and also quote clear advantages in using floating storage compared to a land-based terminal. Barge news from South Africa Cape Town barge maintenance has hit delays, and a barge operator has announced new barge rates for Cape Town and Richards Bay. African market snapshots Singapore: Second jail sentence in bunker corruption saga The Managing Director of Navi Marine Services Pte Ltd, received a 10 month jail sentence and was fined 410,000 Singapore dollars in the Singapore courts this week. He is the second bunker company chief to face a jail sentence following nearly 3 years of investigations into bunker bribery cases by the Corrupt Practices Investigation Bureau. Rotterdam slightly firmer

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NOVEMBER 14, 2003
Hermann Schreck, veteran BGL Vice President, receives highest BGL award TNWA deploys faster vessels on all-water, New York Express Service AirTran Airways with 6th consecutive quarter in black Bruhn Spedition on its way to Russia EGL, Inc. reports 15% increase in gross revenues Turkish drivers do not need work permit

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NOVEMBER 14, 2003
Major Stena investment in Sweden - Germany service Tug capsized and sunk off Helsinki Fear of foreign ferry companies

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NOVEMBER 14, 2003
Greenbrier sees improvement in second quarter numbers Rail intermodal count rises during month of October Star Alliance ending relationship with Mexicana Portland Airport plans to install new Quick Pay parking system General Maritime selling three vessels, scrapping one

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Stowaways on Chinese ship thrown overboard Fishermen in northern Brazil rescued eight African men who were thrown overboard last week after being discovered stowed away on a Chinese ship. EC vows to hunt substandard ships as 'no-go' list is published BRUSSELS has issued a warning to the owners and flag states of 143 vessels that could be banned from European Union ports if they are detained one more time under port state control. Greece launches bid to change 'dangerous' bulker access rule GREECE has tabled amendments to proposed changes to the Safety of Life at Sea Convention which it believes resolve concerns over new permanent means of access requirements being dangerous. P&O to axe Andersen Hughes office P&O is shutting the London office of Anderson Hughes, its broking, chartering and bunkering subsidiary that goes back to 1797, writes David Osler.

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NOVEMBER 14, 2003
Crash master 'trying to impress' THE master of the P&O ferry that ran into the southern breakwater at Dover in April may have been trying impress a superior officer, an official report has concluded. The Pride of Provence was approaching Dover when the master informed Port Control it would wait for the Seafrance Cezanne to complete a manoeuvre before turning the vessel between the breakwaters and run down the eastern arm of the entrance Evergreen settles Columbia dispute TAIWANESE container liner Evergreen has now agreed to pay more than $130,000 to settle a penalty and costs for spilling oil into the Columbia River in Washington state Tecondi plans for expansion BRAZILIAN box terminal operator Tecondi is planning for major expansion on the back of Brazil's booming export trade and rates that undercut larger rivals Decline prompts ferry reassessment BOTH P&O and Sea Containers have admitted they are looking closely at their commitment to the ferry sector after a difficult third quarter Milford Haven closer to LNG focus MILFORD Haven, the UK port, has moved a step closer to becoming a major LNG import terminal with the signing of an MoU to set up a $1Bn facility Teekay merges shuttle activities TEEKAY is to streamline its shuttle tanker operations run from Norway by merging two fully owned subsidiaries into a new company New twist in Panama graft case Korea must cut costs to compete Daewoo responds to climate change Panama pipeline reopens Tanker operations lift Prisco KPT goes to tender on Tasman S Credit Suisse stuck with NOL shares Haifa votes for protest strike Norway blast costs Star $9M

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NOVEMBER 16, 2003
European ports brace for strikes Dockworkers warn that they will take immediate action if legislators approve a controversial plan to deregulate the industry. NVOs get more time to plead case The Federal Maritime Commission has reopened for comment five petitions from non-vessel-operating common carriers that are requesting exemptions to the Shipping Act of 1984. UPS's Weidemeyer to retire The chief operating officer of United Parcel Service and president of UPS Airlines will step down at the end of the year. He will be replaced by John Beystehner, a 32-year company veteran. Sustainable business practices crucial to global economy, UPS chief says "K" Line profit tripled in first half NYK Line reports record results Asian Terminals Inc. posts decline in earnings Polar Air Cargo bolsters Europe-Asia service P&O Nedlloyd swings to profit P&O global port box traffic soars UPS to get boost from new port of entry Shenzhen booms as Hong Kong lags Simmers named Ceres CEO

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NOVEMBER 14, 2003
Pacific International Lines confirms Asia-Europe alliance with Wan Hai Singapore-based Pacific International Lines (PIL) has confirmed an Asia-Europe alliance with Taiwan's Wan Hai Lines is 'in the final stages of discussion.' California box ports to raise rates California's three biggest container ports are preparing to raise general tariff rates by 5% from January, citing sharply increased infrastructure and security costs because of soaring volumes and terrorism threats. Zim Line sale rejuvenated Dominican Republic cashes in on container security FMC to look again at NVOCC rulings Heunga Shipping test-slots the Indian market Evergreen comes clean over oil spill Nine bidders for New Jersey terminal Teesport seeks more container feeder services Manufacturer goes for barge-rail container distribution Busan mulls abolition of container tax First container vessel to meet MCA security levels Charter rates and strong euro prompt EMTA rate rise

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NOVEMBER 14, 2003
BG to stay "flexible" on shipping Energy company CEO Frank Chapman says will keep some owned tonnage. VLCCs get bubbly Tight supply pushing tanker market towards WS 170-180 and maybe WS 200 next week. First-half return to winning ways for Daiichi Japanese bulker and tanker owner puts poor 2002 behind it with profitable first six months. OMI in $4m dumping fine US owner reaches deal with DOJ, Fairmont also in frame. Stealth ships to thwart Al-Qaeda Singapore takes hi-tech warships to stop pirates and 'floating bombs'. Forth returning cash to investors Scottish tanker owner shows largesse after recording small interim loss. Marflet in the red Spanish tanker owner says it made a small loss in the first nine months of 2003. Namsos maintains speed Norwegian ferry operator powers ahead with quarterly profit surge. Tallink needs bigger ship Estonian owner wants to replace Kapella with larger ice-class ferry. Kyoei up, Iino down Mixed results for Japanese tanker owners as interim profits unveiled. Hanjin Heavy scores massive profit hike Korean shipyard set to top year-end targets as cash rolls in. Hong Kong holds Evergreen and Yang Ming ships again Taiwanese boxship owners fall foul of port state checks for third time in four months. NOL share placement poorly received Underwriter Credit Suisse First Boston left holding the bag as shares fail to attract much interest. Bulker boom bypasses Korea Line Korean owner sees profits fall, with ships tied into long-term contracts. Samsung income soars Korean yard's third quarter profit almost doubles as high value contracts stack up. Silja Opera at it again Jinxed passenger ferry involved in second collision in St Petersburg in as many months. Cormo Express nears Australia Livestock carrier at the centre of the "ship of shame" saga is due to arrive back home on Saturday.

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NOVEMBER 14, 2003
Major container carriers, shippers launch greenhouse gas initiative Yang Ming relocates Japanese office OMI agrees to pay $4-million fine after pollution investigation Caribbean/Europe carriers introduce reefer peak season charge Crowley Maritime's third-quarter net income falls 52% Expanded MSP legislation heads to president's desk UPS Airlines Chief retires Royal Mail Buys Software to Manage Trailer Inventory Royal Mail delivers small profit, but not network efficiency FedEx signs multimodal transport deal with Neiman Marcus Bush to nominate STB commissioners USDA gives clean report to imports of Chilean hogs Menlo Worldwide executives expand duties Virginia Port Authority commissions $2.8-million security enhancements