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Shipping News

K Line revises upwards 2002 results forecasts
JAPAN's Kawasaki Kisen Kaisha Ltd has revised upwards its fiscal 2002 results forecasts on the back of a stronger than expected third quarter.
US Gulf build-up rescues Incat from receivership
AUSTRALIAN shipbuilder Incat has been rescued from receivership by the US military build-up for looming war in Iraq, the company's directors said at the weekend.

Air and Land Transport

Air Paradise takes off finally with Aussie flights
AIR Paradise International began flights from its base in Bali to Australia, almost four months after a bombing on the Indonesian resort island delayed the airline's start of operations.
Asiana sees 4.3b won sales gain from alliance
Taiwan domestic airlines to cut flights
3 US airlines raise fares
easyJet says ticket prices 'softer' than a year ago
Greece challenges EU ruling on Olympic Air state aid

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Shipping News

K Line revises upwards 2002 results forecasts
JAPAN's Kawasaki Kisen Kaisha Ltd has revised upwards its fiscal 2002 results forecasts on the back of a stronger than expected third quarter.
US Gulf build-up rescues Incat from receivership
AUSTRALIAN shipbuilder Incat has been rescued from receivership by the US military build-up for looming war in Iraq, the company's directors said at the weekend.

Air and Land Transport

Air Paradise takes off finally with Aussie flights
AIR Paradise International began flights from its base in Bali to Australia, almost four months after a bombing on the Indonesian resort island delayed the airline's start of operations.
Asiana sees 4.3b won sales gain from alliance
Taiwan domestic airlines to cut flights
3 US airlines raise fares
easyJet says ticket prices 'softer' than a year ago
Greece challenges EU ruling on Olympic Air state aid

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K Line revises financial estimates for 2002 upwards again Safmarine launches US Gulf - West Africa service Portlink launches Mediterranean -NE England service Leif Hoegh's Q4 operating profit down US$4 million Exel creates Nordic team for strategic enhancement Hamburg Sud group granted Ford Q1 quality status Air New Zealand to discontinue Sydney - LA flights in April Boeing names James Coon as director of legislative affairs Global Ground unit drags Air T's Q3 2002 results down

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FEBRUARY 17, 2003
PSA to cut 800 jobs Singapore port operator PSA Corp today announced its first lay offs in more than 20 years, saying it will cut 800 jobs by March amid rising competition. KLM Cargo increases fuel surcharge KLM Cargo today will increase the fuel surcharge worldwide from EUR/USD 0.10 to 0.15 per kilo actual weight, effective March 3, 2003. Deutsche Post expands in Turkey, Chile Deutsche Post AG strengthened its position in Turkey and Chile, buying Berben Ekspresse Nakliyat and Commercial Safeway fresh foods transporting in Chile. Deutsche Post takes over Dutch companies Deutsche Post World Net has acquired the Dutch R.P. Holding B.V., headquartered in Zwijndrecht, with the parcel companies Expresse Partners and Routing Partners. TPG takes logistics Volkswagen Touran TPG, through TNT Logistics Germany (Schrader Group), will take over the entire logistics operations for the production of the new Volkswagen Touran MPV (multi purpose vehicle). Air France hit by pilots' strike Air France said today about 10 percent of its flights have been cancelled as National Union of Airline Pilots (SNPL) and two smaller unions began a four-day strike to back demands for higher wages.

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Global tonnage gets heavier by 2.1 pc in 2002 - Unctad Review of Maritime Transport 2002 Transworld Group, Allcargo join hands to begin operations to/from US Apparel exports register 26.81 pc growth in January Russia to buy more Indian coffee Textile quotas will be phased out next year, assures US, EU Seafood exports record 10.9 pc rise in April-Oct 2002 Cashew exports top 1 lakh tonnes in 2002 FFFAI holds 10th Executive Committee meeting - ...to hold Biennial Convention in Hyderabad from May 15 to 17 Trial run of high-speed BLC rakes on Sanathnagar-JNPT sector begun: A. K. Kohli - Concor-SCR convenes trade meet Forex reserves up by $ 378 million to $ 73,583 million Govt clears setting up of 5 apparel parks Curbs on high grade iron ore exports to be lifted Customs duty cut on import of edible oils sought Excise, Customs need to become paperless-DGFT Forex reserves soar by over $ 1 bn in a week! Ficci survey; Russian market slipping away Vegetables AEZ: Apeda, Jharkhand govt sign MoU Goteborg Book Fair from Sept. 25-28 Fieo to hold 2-day orientation programme

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FEBRUARY 17, 2003
Rotterdam numbers drop sharply Europe to US arbitrage trade seen picking up Iraq preparing to blow up oil wells? Oil price falls as diplomatic divisions deepen Further price gains in Brazil

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FEBRUARY 17, 2003
New Duisburg-Hamburg-Padborg intermodal shuttle Danzas strengthens its presence in Middle East and Caspian Region Martinair, Cargolux and KLM Cargo adjust fuel surcharge New vessels for rtw service Toulouse-Blagnac Airport's report for 2002

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FEBRUARY 17, 2003
Swedish tanker order in Russia cancelled Norwegian tugs flag out to Sweden "Prestige" hearing next month

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FEBRUARY 17, 2003
Columbia River Channel project receives new wave of federal funds Tacoma Coast Guard unit supporting Operation Enduring Freedom Evergreen joins with Wan Hai in service covering Asian ports Rising cost of fuel has Matson boosting surcharge Portland Wheat Marketing Center welcomes test teams from across globe

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MSC strengthens position with $337.5m Hanjin boxship order MEDITERRANEAN Shipping Co is understood to be the line behind a multimillion dollar order for a series of huge containerships won by Hanjin Heavy Industries. De Palacio ready to deal on small tankers BRUSSELS has told European shipowners that the commission will take centre stage in "challenging the fundamentals of international shipping law". Shippers call for war risk charge clarity WAR risk surcharges should not be used by shipping lines as a means to pass on other costs to customers, the European Shippers Council warned yesterday, writes Janet Porter.

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FEBRUARY 17, 2003
Impatient shipyard begins NCL work Shanghai applauds Star billing MAIB verdict on Stena cat fire Toyota hub handles first vessel Transneft sees victory in pipeline Kuwait steps up ship escort duty Dutch seek justice over tugs Rodin carves brighter outlook PSA Corp to cut 800 workers War would leave seafarers abandoned MISC seeks executive redundancies War to lift Taiwan grain ban Maintenance procedure led to injury

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FEBRUARY 17, 2003
PSA to cut 14% of workforce in quest for efficiencies PSA Corp will slash its 5,750-strong workforce by 14% in March, targeting only Singapore-based jobs in response to an 'increasingly competitive and demanding' market. Shippers take the initiative over war risk surcharges Booming China exports give new transpacific high Hamburg establishes empty box terminal Strong third quarter prompts K Line full year forecast revision Key directors quit Rhenus Midgard

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FEBRUARY 17, 2003
Tanker Pacific snaps up Limburg VLCC-hungry owner continues its fleet rebuilding moves. Awilco acceptances begin Anders Wilhelmsen begins to hoist stake in delisting target. Stena fire highlights diesel engine danger UK report into blaze aboard ferry urges banning of compression fittings. Strikers continue to hold PDV Marine vessels Some tankers languish on in wake of national strike, as loadings restart. Nigerian fraudsters move into tankers Cheap crude cargo on false bill of lading offered in variation of advance fee fraud. Hanjin bags giant boxship haul Korean yard scoops five 8,000-teu containership newbuildings. Eight crew missing after cargoship sinks Italian authorities say Tongan-flagged vessel went down in storm between Sicily and Malta. Hyundai's Chung admits North Korean funding South Korean group's chairman says $500m was secretly sent north of the border. Court rejects Stena catamaran appeal Swedish owner fails in bid to enforce valid high speed craft patent against Irish Ferries. Spanish government backs Prestige plan Oil company Repsol to coordinate oil removal and wreck encasement feasibility studies. PSA to cut jobs and non-core activities Singapore port operator to make first redundancies in a generation in bid to remain competitive. CMA CGM unveils new breakbulk service French container giant confirms start of Atlantic partnership with CNAN of Algeria. War fears fuel Matson price hike US to Hawaii container line raises bunker surcharge as uncertainty over Iraq pushes up oil prices. CSDC to benefit from boxship exit China Shipping Development's ditching of CS Container Lines stake to boost results by 50%.

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FEBRUARY 17, 2003
Swedish P&I Club warns of inflated repair costs in Berbera China to implement maritime rules on March 1 ESC requests "restraint and transparency" on carrier war risk charges Graham Peirce retires from Safmarine Safmarine appoints Labeau key account executive Matson raises bunker charges Lufthansa Cargo, Singapore Air to raise fuel surcharge U.S. Customs seizes 6 tons of marijuana at U.S./Mexico border Ecu-Line Antwerp offers direct service to Port Harcourt TNT to manage logistics for new VW vehicle Barge spills heating oil in Long Island, N.Y. sound Wilmington, N.C. Harbor deepening project gets $40 million PSA cuts 800 jobs Port traffic up 29% in January at Los Angeles $2 million appropriated for dredging of Columbia River