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Shipping News

Rates expected to continue rising
THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming
SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt
CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60%
YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.

Air and Land Transport

Narita airport expects to cut landing fees in 2005
NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book

Features

A history of supersonic setbacks
BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.

web site

Shipping News

Rates expected to continue rising
THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming
SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt
CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60%
YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.

Air and Land Transport

Narita airport expects to cut landing fees in 2005
NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book

Features

A history of supersonic setbacks
BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.

web site

Shipping News

Rates expected to continue rising
THERE is more good news for container shipping lines as more industry research points to a sustained recovery of freight rates through at least 2004, aided in a large part by the 'China effect'.
Shanghai Port volumes booming
SHANGHAI Port has already surpassed its 2002 throughput total of 8.61 million TEUs, assuring the booming facility of third place in this year's container league tables.
Shanghai yard to boost annual capacity to 2.6m dwt
CHINA's largest shipyard will boost its annual building capacity to 2.6 million deadweight tonnes by 2010, China's Commerce Ministry said yesterday, after the first phase of construction was completed on Sunday.
Yang Ming raises full year forecast by over 60%
YANG Ming Marine Transport has upped its full year pre-tax profit forecast by two thirds, citing 'robust' growth in both containerised cargo volumes and freight rates.

Air and Land Transport

Narita airport expects to cut landing fees in 2005
NEW Tokyo International Airport Authority will probably cut its landing fees, the world's most expensive, in the year starting April 1, 2005, as it increases revenue from non-aviation businesses such as duty-free shops.
Taiwan seeking strategic investor for China Air stake
Thai Airways cargo biz to surge with US pact
FedEx predicts strong growth in Asian air cargo industry
Earnings up for Macquarie's Sydney airport
Log Book

Features

A history of supersonic setbacks
BEHIND Concorde's sleek curves and technical prowess lurks a history strewn with technical, environmental and commercial obstacles that have beset the world's first and only supersonic passenger plane to enter service.

	web site

China's exports to Russia through Manzhouli quadruple NZ Customs steps up regional operations Long Beach sees container numbers falling WCA heads for conference in Bangkok Deutsche Post to issue second Euro bond Tibbett and Britten bag ballet rag trade deal Continental sees Q3 operating income up $128 million Frankfurt handles less freight in September Boeing to stop making 757s Air NZ to shed 15pc of workforce as part of growth strategy

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WISA's circular-A case study- throws more light on all risks cargo insurance Supreme Court issues safety norms for ship-breakers Higher market share for US farm goods sought India likely to sign FTA with SA Customs Union American almonds likely to get into Indian diet Container traffic at Major Ports clocks 16 pc growth in H1 VCT sets new berth productivity record CWC signs MoU with 3 firms for grain silos project Forex reserves dipped by $ 1,589 million to $ 87,738 million Exporters to meet Commerce Secy on Oct. 22 over alarming slowdown due to rupee appreciation Lowering of tariff vital for success of Indo-Asean FTA, says World Bank RBI allows SEZ units to tap ECBs India-GCC FTA likely Import tariffs on edible oils raised Create nodal agency for promotion of farm products: Exim Bank Economy rising! Commercial credit up again Forex reserves touch $ 90.35 bn Inflation goes up Better prospects seen for natural rubber Debt recast package implementation panel formed by Textiles Ministry Foreign Trade Analysis: Current Policy & Procedures Talk on 'Strategic Innovation' at IMC today Meeting with Korean team at IMC today European food safety monitoring team comes to India

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OCTOBER 20, 2003
Gibraltar: Fate of single hull storage vessel not yet clear On the eve of the EU-wide ban on single hulled tankers from carrying heavy grades of oil coming into effect, the fate of the large single-hull tanker Wilmington in Gibraltar remains unclear. The tanker is used exclusively as a floating storage unit for bunkers in the port of Gibraltar, which has limited capacity for land-based storage. The Baltic in brief Japanese market holds steady, price fall expected Korea: Export cargo takes care of excess fuel oil avails It looks like it is neither feast nor famine in the Korean bunker market at the moment after refiner finds export outlet for excess fuel oil. Tallinn quiet, market soft Soft Great Belt quiet, buyers anticipate further price drops Rotterdam softens with crude

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OCTOBER 20, 2003
European GSA Cargo reappoints Martinelli and Champion Lykes Lines expands presence in Africa Gerry's Dnata has double cause for celebration Transfracht International opens new depot Schneider opens new offices in Baltimore and Memphis

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OCTOBER 20, 2003
"Tricolor" salvage completed soon Philadelphia CEO replaced after losses Norden counts on significant result hike

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OCTOBER 20, 2003
VT Halter gets contract for second NOAA vessel National Oceanic and Atmospheric Administration (NOAA) has exercised its option to construct a second Fisheries Survey Vessel (FSV) at VT Halter Marine Inc. CN to acquire Great Lakes Fleet, Inc. Canadian railroad CN is to acquire Great Lakes Fleet, Inc., which operates a fleet of eight U.S.-flag Great Lakes bulkers BG Group orders LNG ships Three plus option four from Samsung.

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OCTOBER 20, 2003
Corps slates additional closures for John Day navigation lock Port of Portland website adds Asian air service section Portland Coast Guard office holding security act meeting Port of Seattle earmarks funds for North Bay Uplands project Chinese trading company wins Washington apple import contest

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Legal break for Vemaoil as single-hull rule comes into force THE Supreme Court in Gibraltar has ruled that Greek bunker supplier Vemaoil can temporarily continue operating a single-hull tanker to store fuel oil, despite new European rules banning the carriage of heavy grades of oil on such vessels. Niotis unleashes stinging attack on Bimco priorities STELIOS Niotis has signed off as chairman of B imco's core documentary committee, aiming a broadside at what he depicts as the drifting direction of the world's largest shipping industry association. Associations in race against time to block Solas access requirement LEADING flag states will be urged this week to overturn amendments to the Safety of Life at Sea Convention (Solas) which would require new tankers and bulkers to be designed with so-called 'permanent means of access' to facilitate tank inspection, writes Nigel Lowry in Athens.

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OCTOBER 20, 2003
Tasman master speaks to Fairplay THE master of the Tasman Spirit is adamant that rough monsoon conditions were primarily to blame for the 27 July grounding of the Polembros tanker at Karachi Cargo vessel hits Istanbul landmark A Russian flagged cargo ship with no pilot on board struck the dock at the historic Sait Halim Pasha Mansion in Istanbul yesterday causing damage to the structure Canadian National takes on shipping CANADIAN National is getting into the shipping business with the acquisition of Great Lakes Transportation for $380M. Second ghost pair heading for UK THE second pair of ships from US MarAd's James River Reserve Fleet departed from Newport News on 16 October, heading for North-eastern England. All change at Nigerian Ports Auth THE entire executive management and board of Nigerian Ports Authority is reported to have been dismissed on 16 October by the Nigerian government. Stronger yen hits Namura JAPAN'S Namura Shipbuilding has warned that it will suffer a loss in the second half of the year ending in March 2004 because of the strength of the yen. Karachi hits back at American Club China's largest yard plans to grow MSC bids for Valencia terminal Finns probe ice class concern Spain to respect EU crew ruling Royal Caribbean buys Cassens' Bay UAE tanker caught smuggling oil Australians welcome Thai trade deal Norden carried on dry market wave S Koreans push for younger workers

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OCTOBER 20, 2003
Witching hour for EU single-hulls Tankers transporting heavy fuel oil like the Prestige (left) will be barred from all European Union ports as of Tuesday. Revival eyed for Va. terminal project Plans to construct a fourth marine terminal at Hampton Roads may have new life. Court overturns dredging contract In closely watched case, a federal court throws out Corps' contract with dredger half-owned by foreign company. Spending won't protect maritime terror targets: Bentley Canadian National to buy U.S. rail, bulker company Baltimore's WTC to re-open India's Tuticorin gets new weekly service ANZDL expands U.S. service Pacer names Uremovich vice chairman MOL acquires Shanghai forwarder MTMC gets new name, adds Philadelphia as strategic port Vexure appoints intermodal GM India puts off bids for SCI

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OCTOBER 20, 2003
Felixstowe needs Nuneaton rail container link Deferral of the intra-UK Felixstowe to Nuneaton (F2N) route upgrade could jeopardise Felixstowe's ability to handle 9'6" 'high-cube' containers, and jeopardise shipping lines' competitiveness, warn industry sources. Israel cargo again restricted - this time by Customs Demand pushes charter rates to record levels ANZDL starts southbound from US East Coast India postpones SCI sale in face of staff opposition Shenzen seeks YICT expansion, to compete with rival Shanghai Teesport's deep sea-ted ambition Terminal seeks Port Klang Authority seat Design work starts on Khor Fakkan terminal expansion Distribution centre for European shippers' expansion in Baltics

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US auditors warn of possible Alstom collapse Ernst, Deloitte say French engineering firm not out of the woods yet. CN acquires Great Lakes fleet Canadian National Railway picks up 8 ships after buying Great Lakes Transportation. Ghost Fleet case put on hold Ships grounded as court defers ruling on scrap contract until April. Sea Containers issues dividend Ferry group delivers second payout since resuming dividend plan. Secondhand bulker values power on up Baltic's S&P index shows big gains for panamax and capesize ships. Carnival time for P&O cruise chief Peter Ratcliffe pockets a $2m share option earner. Port security problems affect Europe and US Former FMC chairwoman warns of chronic underfunding on both sides of the Atlantic. Greek owners both scoop Fredriksen tankers Latest rumours suggest both Chandris and Lykiardopolou have got their VLCCs. Crew of Danish ship missing Seafarers feared dead after Nordane offshore support vessel capsizes. Lykiardopolou wins Fredriksen VLCC Legal threats fly after tanker originally committed to two parties. Varna privatisation on again Minister sets two week target for selection of bidders. China bags scrap VLCC And continues to offer the highest prices, but demolition market remains hungry for tonnage. Bulker boost for Norden Share price soars as Danish owner ups 2003 profit forecast by 60%. Waigaoqiao to start expanding capacity China's showcase yard embarks on second phase of its development plan. Bulker boom sends Japan yards soaring Order intake reaches fourth highest total in 30 years and there is still six months of the year to go. Singapore sees bunker sales restored Lion Republic sees ship fuel sales restored to pre-SARS levels, but register is still shrinking. Samsung confirm LNG orders Korean shipbuilder inks in five vessels with more expected. Banga banks on Noble success Number two at Hong Kong-based owner and commodities trader swallows up company stock. ST Eng inks NOAA vessel option Singapore firm's US yard to build second $39m fisheries survey vessel for US government.

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OCTOBER 20, 2003
CP Ships adds ANZDL to U.S. East Coast/Oceania service Pacific carriers raise westbound metal scrap rates CMB lost 5 million euros in 3rd quarter MarAd disposes more ships from aging James River fleet Cargo boosts Northwest revenue results TSA to test access control technology at airports Maersk, port lobby group call for Felixstowe rail link funding Yellow shareholders to vote on Roadway FedEx asks FMC to take rulemaking route for NVO contract proposal FMC reviews eight OTI applications, revokes 11 licenses 48 congressmen ask Bush to complete U.S./Australia FTA FDA launches online registration for food processing facilities Army promotes MTMC's Scheid to general ITC report: Andean trade pact has little impact on U.S.economy ITC report: Caribbean trade pact benefits could be significant Agri-bulk traffic soars at port of Brunswick Bean: judge's interpretation in N.C. dredge dispute "clear error" MTMC puts Philadelphia port to test with large shipment