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Shipping News

US govt urged to review funding of security measures
LARGELY unfunded US maritime security requirements have been slammed as a 'tax' on a shipping industry already 'taking an enormous financial hit' by the former chair of the US Federal Maritime Commission.
PSA still in talks with clients over contracts
PSA Corporation is 'still in active negotiations' with customers over its Singapore terminal charges after an across-the-board discount package expired this month.
Sydney Ports' throughput rises 15% to new high
AUSTRALIA's second busiest container port group, Sydney Ports, handled a record 1.16 million TEUs in the 2002 financial year, representing a 15 per cent rise on its last annual throughput.
M'sian ports expected to handle 10m TEUs
MALAYSIA's ports are forecast to handle 10 million twenty-foot-equivalent-units this year, compared with eight million boxes last year, according to its newly-appointed Transport Minister Chan Kong Choy.

Air and Land Transport

Boeing cuts 2004 forecasts
BOEING Co, the world's biggest maker of airplanes, cut its 2004 sales and earnings forecasts because a two-year decline in demand from airlines may extend longer than the company predicted.
Branson still eyeing Virgin tie-up with BMI
BA, unions plan to resume talks
Ryanair loses French airport subsidies in court ruling
Vietnam Air plans direct flights to US

Port Shots

Portshots
HONGKONG International Terminals recently set a new record for vessel productivity.

web site

Shipping News

US govt urged to review funding of security measures
LARGELY unfunded US maritime security requirements have been slammed as a 'tax' on a shipping industry already 'taking an enormous financial hit' by the former chair of the US Federal Maritime Commission.
PSA still in talks with clients over contracts
PSA Corporation is 'still in active negotiations' with customers over its Singapore terminal charges after an across-the-board discount package expired this month.
Sydney Ports' throughput rises 15% to new high
AUSTRALIA's second busiest container port group, Sydney Ports, handled a record 1.16 million TEUs in the 2002 financial year, representing a 15 per cent rise on its last annual throughput.
M'sian ports expected to handle 10m TEUs
MALAYSIA's ports are forecast to handle 10 million twenty-foot-equivalent-units this year, compared with eight million boxes last year, according to its newly-appointed Transport Minister Chan Kong Choy.

Air and Land Transport

Boeing cuts 2004 forecasts
BOEING Co, the world's biggest maker of airplanes, cut its 2004 sales and earnings forecasts because a two-year decline in demand from airlines may extend longer than the company predicted.
Branson still eyeing Virgin tie-up with BMI
BA, unions plan to resume talks
Ryanair loses French airport subsidies in court ruling
Vietnam Air plans direct flights to US

Port Shots

Portshots
HONGKONG International Terminals recently set a new record for vessel productivity.

web site

Shipping News

US govt urged to review funding of security measures
LARGELY unfunded US maritime security requirements have been slammed as a 'tax' on a shipping industry already 'taking an enormous financial hit' by the former chair of the US Federal Maritime Commission.
PSA still in talks with clients over contracts
PSA Corporation is 'still in active negotiations' with customers over its Singapore terminal charges after an across-the-board discount package expired this month.
Sydney Ports' throughput rises 15% to new high
AUSTRALIA's second busiest container port group, Sydney Ports, handled a record 1.16 million TEUs in the 2002 financial year, representing a 15 per cent rise on its last annual throughput.
M'sian ports expected to handle 10m TEUs
MALAYSIA's ports are forecast to handle 10 million twenty-foot-equivalent-units this year, compared with eight million boxes last year, according to its newly-appointed Transport Minister Chan Kong Choy.

Air and Land Transport

Boeing cuts 2004 forecasts
BOEING Co, the world's biggest maker of airplanes, cut its 2004 sales and earnings forecasts because a two-year decline in demand from airlines may extend longer than the company predicted.
Branson still eyeing Virgin tie-up with BMI
BA, unions plan to resume talks
Ryanair loses French airport subsidies in court ruling
Vietnam Air plans direct flights to US

Port Shots

Portshots
HONGKONG International Terminals recently set a new record for vessel productivity.

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Former FMC head slams Congress on airports `bias' OOCL Logistics appoints Europe GM Raymond views new horizon for gridlock problem Jurong Shipyard clinches US$62.8m construction deal Good Hope Express service replaced Schenker to launch uniform software for air, sea freight Expiry period over for Airborne, DHL deal EGL launches cargo services to Baghdad Boeing adds 15 737-700s to Southwest Airlines fleet Virgin Blue looks stateside for new business

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GE Shipping orders third PSV Parliamentary panel favours tonnage tax regime Indian shipping firms adding to tonnage now Meridian Shipping accredited with ISO 9001:2000 certification Export demand for gherkins increasing every year VCT already attracting several feeder lines & MLOs Vizag Port sets new single-day loading record Paradip Port may take CONCOR's help for handling/transporting box cargo MbPT makes fresh bid to allay union's apprehension on labour displacement following tender New SEZ-linked port to come up at Pondicherry-CM Air Canada plans to resume daily Delhi flights in Oct. India now world's 8th-largest stainless steel producer Gujarat govt okays Positra SEZ project - Adani Group now awaits Commerce Ministry's nod Scrap 10 pc tax, urges scrap trade PM to monitor plan for garnering 1 pc share of world trade Gift introduces 3 diploma courses for benefit of ex-im trade fraternity IMC organises farewell function for Israeli envoy Food processing seminar in Pune next month

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JULY 24, 2003
US West Coast steady after yesterday's heavy losses EIA slams talk that oil market tightness is 'hype' The Energy Information Administration (EIA), the statistical arm of the US Department of Energy, took issue in its weekly report with OPEC oil ministers and some analysts who suggest that the fundamentals tightness in the oil market and the consequent high price for oil is based on 'hype'. Panama Canal: Prices soften amid good avails Brazil Bunker move Singapore edges higher, mixed sentiment prevails Suppliers appear quite mixed in there market outlook right now with some preferring to err to the side of caution. Japanese bunkers: A new dawn for the land of the rising sun? Japanese bunkers are going to be facing some large changes soon, but how the market is specifically affected will depend on domestic refineries reactions to a shrinking market. Brazilian market update Italy: Improved bunkers still hampered by SAP mishap Rotterdam a tad firmer this morning

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New safety manager for ABP IOMSP sold for GBP 142 million El Al new customer of Wexco Karitrans UK to cooperate with Streck in Germany TPG awarded new logistics contract in China

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JULY 24, 2003
EU goes ahead with single hull ban Sabre-rattling from ITF on cargo self handling Shiprepair yards invest in Poland

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JULY 24, 2003
Piracy surges says IMB Piracy against the world's shipping surged in the first half of this year, with a record 234 attacks reported and violence against seafarers escalating Navy orders fuel barges $6.9 million order for Oregon yard USCG considers new Inmarsat service Fleet 55 under evaluation.

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JULY 24, 2003
Bellingham-based shipyard sees boom in summer business Astoria businessman named to Oregon trade commission Hanjin adds new 5,750teu ship to China America Express I lineup IMO committee eyes speedup of single hull tanker phase out Rail freight traffic delivers sub-par week

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Zodiac Maritime poised to give huge boost to UK flag ZODIAC Maritime Agencies is preparing to place half of its vast fleet under the UK flag in a big show of support for the revitalised national register. Offen goes back to Hanjin Heavy for $284m four-boxship order HAMBURG shipowner Claus-Peter Offen has once again gone to South Korean shipyard Hanjin Heavy Industries for bigger boxships. Plan for radical review of EU Customs procedures Brussels is planning a radical review of EU Customs that will slimline procedures and enforce tougher security at the community's external borders. BP Migas deal paves way for Indonesia LNG debut in US Indonesia, the world's leading liquefied natural gas exporter, is set to make its debut in the fast growing US market. Muppets chart new course for QE2 It was Muppet mania aboard the Queen Elizabeth 2 as some of the stars of the hit television series, including Waldorf and Statler, seen here poring over a chart, travelled from Southampton to New York aboard the Cunard ship.

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JULY 24, 2003
Repsol in Iran LNG venture Violence growing in piracy attacks Uruguay inaugurates wood chip trade Spanish police raise Tarifa fears HDW fears French invasion Carnival faces further allegations Tamilnadu head opposes Lanka link Port talks 'a sham', says union EU-Korea resolution in sight Spanish ports tighten security Beira opened for Zimbabwe trade USCG hears security feedback Nenaco reveals interested parties PSA pay cuts start at the top Two held over ecstasy in Sydney Struggling Tordenskjold pleads Casino ship waits for punters Barcelona invests for Voyager ships New twist in Bolivian gas saga Indians speak out on class

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JULY 24, 2003
EU proposes '24-hour' rule for boxes The European Commission wants traders to submit advance manifest data to boost security at ports. Montreal has record first half Container traffic up 5.6 percent to six-month record 4.8 million metric tons. KLM loss despite strong cargo Steep drop in passenger traffic overshadowed a strong performance by cargo. Senate defeats Hollings' port security measure ILA's Bowers considered retirement Vancouver tops mid-year record Corps awards N.Y. Harbor contracts Port of Portland sees tonnage gain PSA cuts wages after ending union talks Mack to head Teamsters port unit Indian operator opens rail link to Chennai Rep. Bentley's husband dies Customs publishes new cargo-reporting rules

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JULY 24, 2003
Liner lobby group warns EC: Don't tamper with 'stable market' Lobby group the European Liner Affairs Association (ELAA) revealed today that it has warned the European Commission not to tamper with a reliable liner shipping market that offers stable long-term pricing. Horizon Lines CEO: US facing freight 'gridlock' unless it can develop a 'truly' intermodal transport network Horizon Lines CEO Chuck Raymond has warned that imminent trade growth will pitch US freight into 'gridlock' unless the country 'acts decisively to build a truly intermodal transportation system'. Offen linked to order for four new 8,100TEU vessels Cost-cutting PSA slashes wage bill Rotterdam to install dirty-bomb detectors Tecon Suape diversifies to fill unwanted box capacity Clydeport bids to steal Scapa Flow's thunder Brazil urged to end container truck customs limbo HK terminals make up for lost time as typhoon passes

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JULY 24, 2003
ISC stays in black Car carriers volumes helped offset liner weakness for New Orleans owner. ITF confirms pay freeze Next year's rise could be lower for owners signed up to new bargaining forum. Kirby barges ahead to strong quarter Improved volumes, bigger fleet helped boost numbers over 2002. Pioneers of security = Liberia? Yes, when it's seafarer ID cards, LISCR says. Hanjin books box quartet Germany's CP Offen linked to order of giant containerships at Korean yard. Metrostar boost for General Maritime Peter Georgiopoulos earns record profit from newly expanded fleet. Record quarter for Great Eastern Strong tanker and bulk carrier market put Indian owner in the money. Sovcomflot doubles up in first quarter Rapidly expanding Russian owner has enjoyed improved start to the year. WTO forms dispute panel World Trade Organisation has set up an inquiry panel to tackle EU-Korea subsidy row. Two rivals eye Nenaco stake Philippine ferry owner looking to sell a third of its shares as first half profit rises. Violent piracy at all-time high International Maritime Bureau's first-half report shows armed attacks on the rise. Iraq inks long-term crude sales Majors sign up for first post-Saddam Basra Light oil supply contracts as production rates rise. TEN continues fleet expansion Deliveries from Imabari Shipyards make it 15th and 16th tanker newbuildings for Greek owner. Executive cashes in on CIS rise Director of Cosco Investment (Singapore) subsidiary firm makes a bundle on soaring stock price.

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JULY 24, 2003
European carrier bodies urge EC to keep their immunity Hamburg Sud renames Kien Hung services Europe/Middle East carriers lower war risk surcharges COSCO sets up group-wide business committee New owners call for end to DOT investigation of DHL Airways FMC reviews 10 OTI license applications TGAX Logistics receives NVO licenses in China Forwarder pleads guilty for illegal shipments to India EC probes state financial help to ABX Logistics Schenker orders uniform IT system via FWL Technology EC probes state financial help to ABX Logistics Canada advance manifest rules in line with U.S. timeframes Bonner: Manifest rules mark end of era in cross-border transactions EGL charters weekly cargo flight to Baghdad PSA cuts management and staff salaries in Singapore Unisys picks security software for port of New York-New Jersey Mack to head Teamsters maritime port division Two contracts for New York-New Jersey channel deepening ITF vows to protect dockworkers' jobs against "self-handling"