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OOIL's first-half profit soars to record US$79.5m
HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast
FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest
A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.

Air and Land Transport

Qantas posts first loss as Sars, Iraq war take toll
AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines

Admiralty Casebook

Training consultant loses claim for injuries
AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.

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Shipping News

OOIL's first-half profit soars to record US$79.5m
HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast
FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest
A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.

Air and Land Transport

Qantas posts first loss as Sars, Iraq war take toll
AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines

Admiralty Casebook

Training consultant loses claim for injuries
AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.

web site

Shipping News

OOIL's first-half profit soars to record US$79.5m
HUGE volumes and significant freight rate increases saw Hong Kong's Orient Overseas International's interim net profit catapult to a record US$79.5 million - compared to just US$1 million in the first half of 2002.
Frontline sells two tankers, raises dividend forecast
FRONTLINE, the world's biggest operator of large oil tankers, agreed to sell two of its very large crude carriers for US$150 million to free up cash and pay a larger-than-expected third-quarter dividend.
Shell oil field's spill is Norway's third largest
A leak from a Royal Dutch/Shell Group-operated field in the Norwegian Sea in May was the third-biggest on the country's continental shelf and larger than previously estimated, Norway's Petroleum Directorate said.

Air and Land Transport

Qantas posts first loss as Sars, Iraq war take toll
AUSTRALIAN flag carrier Qantas posted its first loss as a public company yesterday after the war on Iraq and the Sars epidemic ate into earnings for the carrier already struggling in a battered airline sector.
Brazil's Embraer eyes Star Alliance jet order
Japan may make Boeing's new 7E7 a national project
Ryanair, Nordic consumer agencies clash over practices
Virgin Blue hopes to fly to NZ by year-end
ILFC leases 16 planes to 11 airlines

Admiralty Casebook

Training consultant loses claim for injuries
AUS appeals court last month dismissed maritime claims brought by a marine safety training consultant for injuries he sustained while observing a shipboard exercise involving lifesaving equipment.

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Shippers back China calls for transparency of THC India and Singapore closer on trade ties after summit Standard & Poor's lifts Swedish Club rating Shipowners to call for international voice at HK forum Australian customs' IT systems set for stern tests CP Ships in for the long haul with new charter deal Jobs to go as DHL completes Airborne acquisition Menzies puts new men in charge at Schiphol Continental to start non-stop New York, Bahamas flights AACO 36th AGM to be hosted by Oman Air

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Floating dry dock sold as scrap for Rs 2.5 m DGS asks maritime training institutes to follow candidate selection procedure Project exports post impressive 60 pc jump in Q1 US, Canada target India's veg oil market India to buy 3 m tonnes crude from Iraq Dumping duty on methylene chloride mooted India to seek special status for basmati rice - ...to secure protection for Darjeeling tea too More shipping lines mulling option of calling at Mumbai Port - CONCOR's assistance sought Vallarpadam International Container Terminal taking concrete shape - CSX World Terminals, Maersk Sealand agree to submit price bids by Sept. 12 Leather export park near Kolkata proposed Notifications on Customs, excise rules for special economic zones put off by 2 months Refineries help prune petro-goods import bill by 33 pc Study suggests tariff rate quota mechanism for urea imports N. K. Singh task force to submit power reforms report Shellac exporters seek DEPB facility SurSEZ exports reach Rs 763.5 cr. in April-July India, 13 nations forge united front for WTO agriculture talks AP govt to take 13 pc stake in KRRC project Foreign Trade Analysis: Current Policy & Procedures - Classroom lessons for new exporters - 17 Govt to organise India Fashion Week

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AUGUST 21, 2003
Californian suppliers lament bunker tax US West Coast markets remain very quiet this week. It seems the effects of California State's hefty bunker tax are finally beginning to hit home. Sales volumes are way down. One supplier told bunkerworld today that their typical volumes are between 200,000 and 300,000 mt per month. So far this august they have sold just 26,000 mt. Pacific NorthWest another casualty of MDO supply IBIA moves to the seafront ARA: Quiet market, but cutterstock shortage starts to bite Skittish Japan sees numbers fall and product build Bears still holding firm grip on Singapore's fuel oil market The Singapore fuel oil market continues to groan under the weight of high inventories, very limited regional demand and another big slew of arbitrage cargoes said to be on their way. How long will the bears stay? Slight tightness mars Italy's otherwise sunny demeanour Rotterdam steady this morning

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Vollers Group Bremen announces new sales manager OOIL: Dramatic improvement in profits Vienna Airport: Good traffic figures for July maintain upward trend BTS and Kombiwaggon merge to become BTS Kombiwaggon Service GmbH DPWN CEO Zumwinkel expecting profit of EUR 2.9 billion in 2003 Big three Italian west coast ports growing strongly

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AUGUST 21, 2003
SARS, bunker prices and boiler explosion hits hard on Star Cruises result Crystal vessels to Fredriksen Four ferry operators compete for Bornholm concession

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AUGUST 21, 2003
Navy consolidates Gulf SUPSHIPS SUPSHIP New Orleans, La., and SUPSHIP Pascagoula, Miss., will be disestablished and replaced by a new command, SUPSHIP Gulf Coast, beginning Oct. 1. Northrop Grumman settles NNS false claims suit Denies liability

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AUGUST 21, 2003
Port of Seattle offers help for disabled travelers using Sea-Tac Rail association report finds freight traffic down during week Portland Airport begins final 'Summer Splash' event Oregon governor taps Johansen for Portland Port Commission MarAd cruise travel report finds passengers counts up from '02

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Ten to cash in on thirst for tankers TSAKOS Energy Navigation has agreed in principle to cash in on high tanker demand by selling up to two of its recently delivered suezmaxes for investors in Germany's KG system. SK Shipping dragged into accounting scandal SK SHIPPING has become embroiled in its parent company's Enronesque accounting scandal. Australian LNG joint venture faces year-long delay CONSTRUCTION of a fifth liquefied natural gas train for Australia's giant North West Shelf project is likely to be delayed by at least a year. New targets for Woodside as profits rise by 3% WOODSIDE Petroleum, Australia's second largest oil company, reported a three per cent improvement in first-half net profit to A$272.2m from a restated A$263.7m in 2002, writes Tony Gray. Detained bulker's owner in dispute over scrap order A GREEK owner has denied claims by Britain's Maritime and Coastguard Agency that he is effectively being forced to scrap his structurally unsound bulk carrier, writes David Osler.

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AUGUST 21, 2003
Unlucky Oryx arrives for repair Visak accused over docker deaths China plugs aluminium production CSSC moves towards shipyard goal Ecuador oil export pipe completed Lula lifts stay on port concessions Heaviest section of Tricolor raised Salvors race to save Sealand Express Tilbury takes to the rails Dutch pursue stability studies Ports boosts Hutchison Whampoa NOL exceeds expectations Philippines issues safe lanes map Australia warns on crew standards Salvage, heavy lift boost Smit Screw turns at Peene-Werft Falling levels block Danube traffic Singapore lifts SARS curbs Chung family tightens grip on HMM Busan hit by new truckers' strike

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AUGUST 21, 2003
Boxship orders on record rally Orders for new containerships this year have already topped 1 million TEUs, more than doubling the contracts signed for all of 2002 and on track to surpass 2000, the previous record year. NOL has strong second quarter Neptune Orient Lines reversed year-ago results for the second quarter as it reported a net profit of $68.5 million, compared with a loss of $63.8 million in 2002. WTSA to up forest products rates Carriers look to get first rate hikes for lumber and pulp in two years. ILWU chief Spinosa re-elected CSXT operations hit by computer virus GM will build Cadillacs in China Lynden Air Freight opens U.S., China offices Letter: Trade opinion flawed ARC renames U.S.-flag fleet Former DW&P labor ratifies CN pact

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AUGUST 21, 2003
NOL interims more than 30% higher than analysts' estimates Neptune Orient Lines (NOL), parent of APL and APL Logistics, exceeded all expectations in the first half-year reporting a net profit of US$88.8m on US$2.6 billion turnover. Canada's West Coast labour negotiators edge toward a deal Progress in negotiations in Canada's West Coast labour dispute was reportedly made earlier this week and federal mediator Bill Lewis has asked the two sides to reconvene tomorrow. Looking to the heavens: weather closes in on Maersk ship Korea's truck drivers strike hits box terminals Damaged Kiwi feeder heads for dock Korean ministry calls for scrapping of port charges on transhipment boxes Malaysian Customs agrees to speed release of detained boxes Tugs again fail to move stranded Maersk ship

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AUGUST 21, 2003
Cruise doctor to answer PI claims in US Court rejects argument that ship's medic governed by Liberian law. Panama's OPA? Canal proposes new rules for emergency response plans. Lines hike forest product rates Lumber freights on the transpacific trades to rise $200 per FEU. Sinotrans joins IHC bulker pool Pacific Basin's handysize venture hooks its first Chinese partner. Mols-Linien plunges to big loss Lay-up costs for ferry returned from charter puts paid to profits for Danish owner. UK holds ships after casualty incidents Inspectors also redetain structurally unsound bulker which is expected to go for scrap. Samudera widens Indian scope Indonesian container line adds weekly service between Nhava Sheva and Persian Gulf. NOL returns to profit Buoyant boxship rates revive ailing Singapore giant. SK Shipping probed Financial regulator accuses Son Kil-seung of understating loss by $176m. Bad news is good news for Smit Dutch salvage giant posts huge leap in profits on back of spate of casualties. Chernomorsky ready for sell-off Ukrainian government to launch shipbuilder's privatisation in 30 days. Christmas cancelled at Peene-Werft? Pay cuts on cards at German shipyard - and the festive bonus could go too. Ezra looks to double fleet Newly listed Singapore offshore shipping company wants 12 vessels within two years. Fraud row costs yard $60m Newport News pays a stack to settle Double Eagle tanker dispute. Sea-Land Express refuses to shift Salvors plan to lighter fuel oil from stranded boxship. Halim Mazmin sees profit dip But Malaysian owner Halim Mohammad says improved market rates bode well for future earnings.

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AUGUST 21, 2003
OOIL sees jump in first-half profit Canadian conferences plan rate increases EDS to handle United Cargo customer calls Cargo facility opens at Newark airport N.Y.-N.J. Port Authority gives FAA formal Teterboro response KCS vows to fight for Mexican rail deal DiStasio to head USF FMCSA proposes hazmat safety permit program FMC revokes four OTI licenses Permanent site for future FTAA secretariat considered USDA implements program to aid farmers injured by foreign trade IES in-bond filing program to benefit container freight stations USDA changes nursery stock import rules USDA seeks better access to import regions' animal health status RedPrairie, Kurt Salmon combine software Port of Charleston posts record container volume North Caroline extends state ports' tax credit Baltimore enhances handling of paper imports Corps proposes increase in Class I civil penalties Sohar names Meijer CEO, Aziz deputy Panama-flag register to charge $250 for ISSC