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Shipping News

Port Klang misses spot on top 10 list by a notch
MALAYSIA's Port Klang missed out on a place in the world's top 10 container ports by a whisker last year, climbing one spot to be ranked 11th with its throughput of 4.5 million TEUs.
Myanmar delivers vessel to S'pore firm
MYANMAR has delivered to a Singaporean company an offshore oil exploration utility vessel built by the Myanma Shipyards , a state-run enterprise under the Ministry of Transport, official newspaper The New Light of Myanmar reported on Tuesday.
Kandla port's operations close to normal
CARGO at one major Indian port has started to move as a crippling nationwide truckers' strike continued into its second day.
Taiwanese fishing boat sinks in storm
THE 17 crew members of a Taiwanese fishing boat were believed drowned after their vessel sank in a severe South Pacific storm, search and rescue authorities said yesterday.

Air and Land Transport

SAS seeks new business closer to home
SCANDINAVIAN flag carrier SAS and other European carriers being squeezed by bigger players and low-fare rivals face mounting pressure to shore up home markets and find new business closer to home.
HK cargo terminal operator to halve rates
American Airlines scrambles to avoid bankruptcy filing
Jet Airways delays taking delivery of 10 new planes
LOG Book

Features

Lines profit from war aftermath
SSEVERAL shipping companies, including Singapore's Neptune Orient Lines , continue to benefit from the US defence forces' need to move supplies to support the military and rebuilding operations of the Iraq war.

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Shipping News

Port Klang misses spot on top 10 list by a notch
MALAYSIA's Port Klang missed out on a place in the world's top 10 container ports by a whisker last year, climbing one spot to be ranked 11th with its throughput of 4.5 million TEUs.
Myanmar delivers vessel to S'pore firm
MYANMAR has delivered to a Singaporean company an offshore oil exploration utility vessel built by the Myanma Shipyards , a state-run enterprise under the Ministry of Transport, official newspaper The New Light of Myanmar reported on Tuesday.
Kandla port's operations close to normal
CARGO at one major Indian port has started to move as a crippling nationwide truckers' strike continued into its second day.
Taiwanese fishing boat sinks in storm
THE 17 crew members of a Taiwanese fishing boat were believed drowned after their vessel sank in a severe South Pacific storm, search and rescue authorities said yesterday.

Air and Land Transport

SAS seeks new business closer to home
SCANDINAVIAN flag carrier SAS and other European carriers being squeezed by bigger players and low-fare rivals face mounting pressure to shore up home markets and find new business closer to home.
HK cargo terminal operator to halve rates
American Airlines scrambles to avoid bankruptcy filing
Jet Airways delays taking delivery of 10 new planes
LOG Book

Features

Lines profit from war aftermath
SSEVERAL shipping companies, including Singapore's Neptune Orient Lines , continue to benefit from the US defence forces' need to move supplies to support the military and rebuilding operations of the Iraq war.

web site

Shipping News

Port Klang misses spot on top 10 list by a notch
MALAYSIA's Port Klang missed out on a place in the world's top 10 container ports by a whisker last year, climbing one spot to be ranked 11th with its throughput of 4.5 million TEUs.
Myanmar delivers vessel to S'pore firm
MYANMAR has delivered to a Singaporean company an offshore oil exploration utility vessel built by the Myanma Shipyards , a state-run enterprise under the Ministry of Transport, official newspaper The New Light of Myanmar reported on Tuesday.
Kandla port's operations close to normal
CARGO at one major Indian port has started to move as a crippling nationwide truckers' strike continued into its second day.
Taiwanese fishing boat sinks in storm
THE 17 crew members of a Taiwanese fishing boat were believed drowned after their vessel sank in a severe South Pacific storm, search and rescue authorities said yesterday.

Air and Land Transport

SAS seeks new business closer to home
SCANDINAVIAN flag carrier SAS and other European carriers being squeezed by bigger players and low-fare rivals face mounting pressure to shore up home markets and find new business closer to home.
HK cargo terminal operator to halve rates
American Airlines scrambles to avoid bankruptcy filing
Jet Airways delays taking delivery of 10 new planes
LOG Book

Features

Lines profit from war aftermath
SSEVERAL shipping companies, including Singapore's Neptune Orient Lines , continue to benefit from the US defence forces' need to move supplies to support the military and rebuilding operations of the Iraq war.

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AADA carriers to adjust bunker surcharge in May MOL launches enhanced global liner web site UPS Q1 profits grow on back of international business CMB consolidated first quarter result rises by EUR29 million GTS pulls out TOPS to aid marine operators productivity Singapore offers airport relief package to carriers, tenants Vietnam Airlines takes delivery of first Boeing 777-200ER CNF net income down in first quarter of 2003

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Finance Bill 2003 amendments to contain incentives for SEZ units Textile inputs stock declaration deadline extended AP to speed up setting up of SEZ at Parawada Diesel price may be lowered by another rupee Shipping sector's performance in 2002-03: A bird's eye-view of MoS' Annual Report IMTC to be "International" Maritime Training Centre from May 1 CSL India makes a splash in Indian Ocean - Riding the crest of the wave... Zambian President rolls out red carpet for Indian investment WFP allows Indian wheat, sugar cargoes to be unloaded at Dubai & Sharjah Free export of DAP sans subsidy allowed 2 RMQCs arrive at Visakha Container Terminal NSCOA not in favour of 'one container per trailer' rule Dayalu Dall & Oil Mill, Nagpur, bags export award Industrial team to visit Iraq Rakesh Mehra, Prem Malik at SRTEPC helm

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APRIL 23, 2003
EIA warns US stocks remain low despite record crude imports African market report from GAC Daily Bunker market report from Praxis Energy Agents Crude dives as US crude inventories soar Piraeus gears up for Sunday's port closure Slight barge problems hinder an otherwise healthy Korea Oil rally flounders as market awaits OPEC cut decision Saudi posted prices on the rise Rotterdam morning market report

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APRIL 23, 2003
Roland Bösker is the new PR manager at Senator Lines Le Havre posts new record container movements in March Cargolux registered close to 220% higher net profit in 2002 FS to spin-off RFI Maersk Logistics opens new airfreight office in Dubai

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APRIL 23, 2003
Four new Max tankers to Stena Bulk Ship refuge through single agency SARS stops Chinese attendance at launch of East Indiaman

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APRIL 23, 2003
Regal Empress still detained Dispute with engine repairer Carnival to raise $500 million Convertible securities guaranteed by Carnival plc

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APRIL 23, 2003
Norwegian Cruise Line bringing NORWEGIAN SKY to Seattle Port of Portland developing food recycling program at PDX BNSF first quarter earnings come in at $.40 per share Port of Tacoma places Annual Report into 'Top Stories' section of web site Carnival Corporation set to offer $500 million in convertible securities

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Carnival cashes in on P&O Princess deal Carnival Corp has wasted no time in using its acquisition of P&O Princess, now renamed Carnival plc, to support the raising of fresh funds for the group's investment programme, writes Tony Gray. Royal Caribbean holds back on orders in face of gloomy outlook CRUISE shipbuilders' increasing despair at the prospects of securing new orders was thrown into sharp relief yesterday, after Royal Caribbean held up not ordering new ships as a viable tactic to bolster cruise companies' financial condition, writes Rajesh Joshi. EU move for double-hull bunker tanks in new ships THE European Union could introduce mandatory double-walled bunker tanks for all new vessels, including containerships, if it is to follow a plan made by members of the European Parliament. Boxships will be longer - Probst Containership specialist and Germanischer Lloyd head of approval services East Asia, Jan-Olaf Probst, said he had been warned by colleagues dealing with tanker design "to be careful because something is coming", on hearing of the Piecyk proposal for double skins around bunkers. Opec lines up oil production curbs to avoid price collapse OPEC ministers are set to curb oil production to underpin crude prices in response to falling demand. WTO warns on global trade GLOBAL trade in volume terms is forecast to increase by less than 3% in 2003, the World Trade Organisation predicted yesterday, but it warned the estimates were marked by downside risks due to the continued sluggishness of the world economy and the effects of the outbreak of severe acute respiratory syndrome, writes John Zaracostas.

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APRIL 23, 2003
CP reports loss but with silver lining Royal Caribbean rides out war Guayaquil privatisation u-turn Bonanza for Chinese builder Botnica thruster is an Azipod Guangzhou Shipyard profit up 77pc Venezuela lifts force majeure Awilco leaves Oslo market Karachi clears vessel threat Box trade grows in fits and starts Stena Bulk eyes Russian market Russian oil majors merge MSA probes NZ tanker incident SCI bids 'on again' EU phase-out given thumbs up India offers flag inducement Trieste community ":destructive": Lyttelton 'snowed up' Carnival to raise $500M Korea strengthens Med links Korea plans safety info network Maersk boycott ends in Shanghai Decks to be cleared for PAT listing

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APRIL 23, 2003
HMT interest case back to high court? Companies that are pursuing interest payments on Harbor Maintenance Tax refunds make "full-court press." CP Ships loss widens The carrier reported a loss of $21 million for the first quarter of 2003, up from a loss of $11 million from the same period a year ago, despite increases in cargo volume and revenue. $1B loss for American Airlines parent Cargo revenue was flat at $134 million despite a 5.8 percent increase in cargo volume. Cold quarter for CN Liberia to test mariner's biometric I.D. card New York, Conn. battle over Sound pilots Kelang operator upgrades equipment handling Norfolk Southern earnings off Fuel charge trimmed by Cargolux MOL (America) names APL's Craig to head yield management Spanish dockworkers slate walk-out Pilot Air Freight tabs two AGS implements eTrac Settlement

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APRIL 23, 2003
CP Ships: Q1 losses pave road to plenty CP Ships today reported a US$2 million operating loss for Q1, but insisted that strong volumes 'augur well for the rest of the year', and that supply/demand imbalance is at an end. PM orders investor-friendly strategy for Thai ports Thailand's Prime Minister, Thaksin Shinawatra, has instructed the Port Authority of Thailand (PAT) to become more investor-friendly, in part by revising privatisation plans and lowering its debt-to-equity ratio. Strong charter market will cost us, warns liner executive US ports intensify anti-SARS restrictions on vessel calls Heated ANZ/WCNA debate leads to direct Adelaide call Shippers to pay for X-ray vision GA Asia Med string cuts Kobe for further China call Brenner rail link to carry two thirds of transalpine freight

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APRIL 23, 2003
Genmar generates cash Heavy spot play pays off for New York owner with $34m earnings splash. Carnival grosses $500m in notes offer Cruise company says uses to include newbuilding programme. Lower tide Offshore goliath Tidewater sees weaker earnings for quarter, year. War in Iraq clouds RCCL future Cruise company projects weaker second quarter after steady start to 2003. Brokers bullish on boxship bonanza But tough chartering strategy choices await players. OMI rides tanker rate boom Chairman Craig Stevenson expects strong second quarter. Canada holds five in March Spar Shipping and Marachart bulkers featured on detention list last month. Vopak losing velocity Harsh Baltic winter puts the freeze on Dutch chemical tanker owner's profit in first quarter. CSDC splits Chinese bulker order Chinese owner signs for four ultra-handymaxes at Bohai and Shanghai, and scraps two tankers. Losses grow at CP Ships Boxship giant hit by fuel prices and weak dollar in first quarter, but expects better in rest of 2003. Cosco Investment secures Dalian yard stake Singapore bulker owner presses ahead with China yard buys. CSIC logs fivefold order increase China's northern shipyard group trawls in giant first quarter order haul. Matson on the rise US to Hawaii container line boosts profits and volumes in the first quarter. Li Ka-shing among top OOIL shareholders New disclosure rules reveal Asia's richest man as major shareholder in boxship operator. Sincere Navigation edges up earnings Taiwanese bulker owner survives revenue drop to boost net profit in 2002. Wan Hai Lines income soars Red hot returns continue into 2003 for expanding Taiwanese liner operator. Newport News sells ADSB stake US shipbuilder sells 30% stake in Abu Dhabi Ship Building to government as big deal looms. A&P signs ship-blasting deal UK shiprepair group contracts out surface preparation work to German firm in five-year deal. Sperry inks Jinling IBS deal US marine electronics giant to provide navaids and communications equipment for Airbus ro-ro.

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APRIL 23, 2003
Miles adds his voice to industry concerns over SARS CP Ships reports wider loss for 1st quarter MOL (America) names Craig VP of yield management Supreme Court asks solicitor general's opnion in COGSA case Matson sees profit recovery in first quarter Coast Guard regulates hazmat cargoes on inland waters C.H. Robinson sees double-digit earnings growth CN's first-quarter net income benefits from charge BNSF reports improved first-quarter net profit North Carolina shippers get import regulations seminar USDA proposes assistance to farmers hurt by imports WTO predicts sluggish growth in world trade in 2003 APL Logistics' european head steps down Stevedoring Services of America joins SST security initiative Port of Long Beach to deploy surveillance cameras Import documentation problems, congestion hit Los Angeles