BRIEFS

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Shipping News

Industry closely watching probe of Penrider incident
MARITIME organisations and shipowners are closely watching progress of Malaysian investigations into a case where a ransom was paid to secure the release of three crew members of a ship that was attacked by pirates in the Malacca Straits.
China container maker posts 41% rise in earnings
THE world's top maker of shipping containers, China International Marine Containers , chalked up a 41 per cent surge in second-quarter earnings and predicted a brighter 2003 as the global economy improves.
Rough seas delay pumping of oil from leaking tanker
HIGH tides and strong winds hampered crews trying to pump oil from a leaking tanker on Sunday, as dozens more workers began cleaning a beach polluted by oily sludge from the ship stranded off the coast of Pakistan's largest city, Karachi, officials said.
Pakistan to fine shipowner for polluting harbour
PAKISTANI port officials said they would fine a Greek shipping company whose tanker broke in two spilling thousands of tonnes of oil into the sea near the port city of Karachi.
Wreck of 1800s steamer found
THE wreck of a 19th century paddle-wheel steamship that was carrying up to US$180 million in gold coins may have been found on the bottom of the Atlantic Ocean off Georgia, a marine salvage company said.

Air and Land Transport

Alliance with Qantas crucial to Air NZ's survival: CEO
AIR New Zealand's future is in doubt if a proposed alliance with Australian flag carrier Qantas does not go ahead, Air NZ chief executive Ralph Norris said yesterday.
Air India's full year profits soar
Swiss carrier must find an investor to survive: analysts

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Shipping News

Industry closely watching probe of Penrider incident
MARITIME organisations and shipowners are closely watching progress of Malaysian investigations into a case where a ransom was paid to secure the release of three crew members of a ship that was attacked by pirates in the Malacca Straits.
China container maker posts 41% rise in earnings
THE world's top maker of shipping containers, China International Marine Containers , chalked up a 41 per cent surge in second-quarter earnings and predicted a brighter 2003 as the global economy improves.
Rough seas delay pumping of oil from leaking tanker
HIGH tides and strong winds hampered crews trying to pump oil from a leaking tanker on Sunday, as dozens more workers began cleaning a beach polluted by oily sludge from the ship stranded off the coast of Pakistan's largest city, Karachi, officials said.
Pakistan to fine shipowner for polluting harbour
PAKISTANI port officials said they would fine a Greek shipping company whose tanker broke in two spilling thousands of tonnes of oil into the sea near the port city of Karachi.
Wreck of 1800s steamer found
THE wreck of a 19th century paddle-wheel steamship that was carrying up to US$180 million in gold coins may have been found on the bottom of the Atlantic Ocean off Georgia, a marine salvage company said.

Air and Land Transport

Alliance with Qantas crucial to Air NZ's survival: CEO
AIR New Zealand's future is in doubt if a proposed alliance with Australian flag carrier Qantas does not go ahead, Air NZ chief executive Ralph Norris said yesterday.
Air India's full year profits soar
Swiss carrier must find an investor to survive: analysts

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SAR illicit cigarette blitz nets gang of smugglers Rotterdam `not affected' by Sars outbreak New service from HK to Japan Oakland to take over land at former army base Tibbett & Britten tempt Murray back from Bangkok MASA conference to air views on 'changes and threats' Qantas alliance crucial to Air New Zealand: Norris Thai feels financial chill with quarterly loss Gulf to cash in on popularity of Sydney flights UPS board authorises buyback

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Famous Pacific appoints LCL Group as general agent in India India rejects EU-US proposal on farm trade reforms France destroys marine cargo: India upset Garment exports up by 21 pc in value during Jan-July South Korea sore over dumping probes Flower exporters project 25 pc growth Adani's Mundra Port sets new record in single-day liquid discharge rate Tragedy at Vizag Port Rly freight haulage exceeds April-July target by 4.48 m tonnes CONCOR to build box terminals at KDS & Shalimar Cruise terminals at 5 ports planned Express Transport Pvt. Ltd bags prestigious ISO 9001:2000 certification Forex reserves dipped by $ 204 million Jaitley sets agenda to restructure manufacturing sector WTO Trade Centre to take up apparel project to train Indian SMEs Forex reserves near $ 85-bn mark Hot-rolled coil prices may go up by a hefty Rs 1,000 from September ACMA against duty-free import of auto parts from Thailand Kharif grains output may cross 212 m tonnes New power policy may benefit SEZs Inflation dips to 3.96 pc CII chief invites Modi to Geneva meet New office-bearers of Indo Myanmar Chamber Chabahar trade zone chief invites Indian investors GIFT workshop sees need for action plan to tackle WTO issues IMC meeting with trade representatives BCC&I to hold press briefing on Companies Bill tomorrow

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AUGUST 18, 2003
Pakistan to fine owners of Tasman Spirit Baltic markets soft to steady, some avails problems Mixed avails in Tallinn, spread widens US: New player in East Coast bunker market Huguenot Energy, LLC announced on Friday that the company has entered into the Marine Bunker Market in the Port of Charleston, South Carolina. With its own bunker barge, and staff with long-running experience in the shipping, oil and marine fuel industries, the company hopes to attract business to the port which lies approximately half-way between New York and Miami. Brazilian market update, prices soften in most ports Plenty of headlines to keep crude firm Crude prices have been strong this Monday morning, but in some respects only moderately firm in light of the latest headlines to hit the market. Chief among these is the sabotage of the northern oil pipeline in Iraq, which stood ablaze late Friday after just 2 days of post-war operation. Rotterdam steady this morning

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AUGUST 18, 2003
Lynx boss is new Euro Express chairman German owners consider quitting Liberian registry Air Canada counts cost of power blackout SpainTir now partnering Cargolog Weiss in Bulgaria and Romania Microlog: 1st half results depressed by restructuring costs Truckers want to spend less time in the cab

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AUGUST 18, 2003
More than 900 cargo vessel port calls per day in Northern Europe Scandinavian maritime alliance Improved rating for The Swedish Club

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AUGUST 18, 2003
Circle Line gets first high speed vessel Austal USA delivers versatile cat

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AUGUST 18, 2003
Port of Portland executives visiting Nampa door manufacturer Department of Transportation looks for new truck driver training rules Railroad Equipment Report available from rail association Vandal sentenced for destroying Coast Guard aid to navigation International Trade Commission sets import restraint investigation

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Sabotage reduces Iraq oil exports to a trickle SABOTAGE and theft in Iraq has served to keep very large crude carriers anchored off its ports, reduce oil exports to a trickle and keep Brent futures hovering close to the $30 mark. Ex-Alstom boss Bilger hands back E 4.1m payoff package FORMER Alstom group chairman and chief executive Pierre Bilger is to give up the E 4.1m ($4.57m) severance package he was awarded earlier this year in an attempt to spare the struggling industrial group controversy over the question. Lloyd's tightens its rein on short-term capital quota LLOYD'S is preparing to exercise a tighter rein on the amount of short-term capital it allows into the market, writes James Brewer. Charter-back deal cements Frontline ties with Dr Peters FRONTLINE has further forged its relationship with German ship financing company Dr Peters by entering into charter-back deal on two of its ships, writes Katrin Berkenkopf in Cologne.

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AUGUST 18, 2003
Liberian aid ship sinks EU sympathetic to industry concerns US, Australia practise sea-raids Rhine watch: level still dropping Law will level port playing field Box maker's profit surges Pelican I safe in dry-dock More states to enter N/S Corridor Port workers die on log carrier Tasman Spirit: Single hull ban? Senegal finalises Le Joola replacement Tasman Spirit: new inquiry head India revises tanker guidelines Iraqi oil exports falter Posco signs "direct" LNG deal China Shipping enters Yangshan fray Crewmen freed after ransom is paid

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AUGUST 18, 2003
Asian shippers question charges Asian shippers are urging ocean carriers to simplify and clarify their charges to customers, and endorsed a challenge of terminal handling charges in China. NAS: Create U.S. freight database A new report from the National Academies of Science recommends the creation of a national freight data database to replace the current patchwork of sources. Malaysia port mulling PSA link The fast-growing Port of Tanjung Pelepas is reportedly eyeing a tie-up with arch-rival PSA Corp. Ltd. of Singapore. Kolkata to add new box terminal Malaysian ship's crew ransomed from pirates Yellow Corp. sells $250M of convertible notes Port of Seattle spill penalty settled OOIL appoints advisors on share repurchase Martinair Cargo tabs Conley Fourth-quarter charge for Oshkosh

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AUGUST 18, 2003
Lines lift congestion charges in two S. African ports The US Southern Africa Conference and the Europe Southern Africa Conference have lifted the US$100 per container surcharge they imposed on cargo at Cape Town and Port Elizabeth. Concor invests in container port rail links China Merchants develops Zhangzhou berths Pacific National in Queensland breakthrough SARS dip only a temporary blip in Hamburg growth Tauranga chooses Liebherr for terminal expansion FEFC tariff rates up in October

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AUGUST 18, 2003
Frontline sells two VLCCs to Dr Peters John Fredriksen's tanker giant confirms OBO trades switch. Eukor boosts Eidsiva Long term car carrier charters restore Norwegian owner to profit. Negative outlook for Bluewater Bjorn Hildan accuses S&P of exaggerated response to reinsurance dispute. Business booming at Bourbon French group posts bigger turnover for bulkers and offshore ships in first half. Pan-United returns fall Singapore shipbuilder and owner hit by bunker unit closure but bullish on second half. Swedish Club wins upgrade S&P gives marine mutual secure BBB- rating after it coughs up cash. Tax shock for Navibulgar Bulgarian owner could fall victim to cash wrangle over seafarers' pay. China takes ULCC Scrap prices hit $275.00 per ldt as attractive tonnage fails to emerge. Tasman Spirit lightering restarts Pakistan officials promise fast-track inquiry into incident. Question marks over Jinhui Hong Kong bulk carrier owner reports mystifying result. Malaysian tanker hostages freed Pirates take ransom in exchange for three men held after ship hijacked off Indonesia. Crowley cutting losses Biggest US-flag owner sees tanker fleet and liner operations hit hot streak in first half. Probe to begin into grounded boxship Safety officials want to examine Pacifica Shipping vessel that lost its rudder at Auckland. Swire buys Bank Line Andrew Weir sells last liner operation, but retains ownership of four multipurpose ships. Tanker Pacific ship held in Australia Inspectors detain 14 ships during July.

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AUGUST 18, 2003
Swire purchases Bank Line sevice U.S. military returns 228,000 tons of equipment from Mideast Military Sealift Command reports successful delivery to Artic ABX Air pilots ratify tentative agreement Shipping industry rebounds after U.S. Northeast blackout U.S. lumber lobby cites C$650 million in extra Canadian subsidies WTO sides with U.S. in antidumping duty order involving Japan Friedmann: Ports struggle to remain viable under security demands Baltimore adds e-mail import container status notification Port of Hamburg sees no impact from SARS on Asian box volumes