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IMO lauds Singapore's ISPS readiness
SINGAPORE'S strong commitment to the International Ship and Port Facility Security Code made a marked impression on International Maritime Organisation secretary-general Efthimios Mitropoulos during his visit last week.
S'pore first to take part in US port security plan
FRESH from US Coast Guard inspections of port facilities here, the Maritime & Port Authority of Singapore said implementing effective security measures means competitive advantages for Singapore.
Taiwan boosts box, logistics facilities
WITH volumes sagging at its main sea gateway, Taiwan is rushing to improve container facilities and adjacent logistics sites in both the north and south of the island.
Heavy tanker bookings to meet rise in Saudi oil output
SAUDI Arabia's decision last week to hire five tankers to ship 10 million barrels of crude oil to the US signals that the world's biggest oil producer is meeting its pledge to boost output in a bid to lower near-record oil prices, shipbroker P F Bassoe said in its weekly market report.
Daewoo's April profit down on forex losses
DAEWOO Shipbuilding and Marine Engineering Co, the world's second-largest shipbuilder, said net income fell 29 per cent in April from a year ago because gains in South Korea's currency reduced its earnings from abroad.

Air and Land Transport

Qantas to relaunch direct flights to Shanghai and Bombay
AUSTRALIAN flag carrier Qantas said yesterday it will relaunch direct flights to China's financial hub of Shanghai and India's largest city, Bombay, as it taps growth opportunities in the burgeoning markets.
Boeing confident of retaining US$23b Pentagon tanker deal
Aer Lingus chairman quits over tax probe link
S Korean airlines to increase flights to Thailand
Iraqi Kurds pin hope on new airport for economic lift-off
LOG Book

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Shipping News

IMO lauds Singapore's ISPS readiness
SINGAPORE'S strong commitment to the International Ship and Port Facility Security Code made a marked impression on International Maritime Organisation secretary-general Efthimios Mitropoulos during his visit last week.
S'pore first to take part in US port security plan
FRESH from US Coast Guard inspections of port facilities here, the Maritime & Port Authority of Singapore said implementing effective security measures means competitive advantages for Singapore.
Taiwan boosts box, logistics facilities
WITH volumes sagging at its main sea gateway, Taiwan is rushing to improve container facilities and adjacent logistics sites in both the north and south of the island.
Heavy tanker bookings to meet rise in Saudi oil output
SAUDI Arabia's decision last week to hire five tankers to ship 10 million barrels of crude oil to the US signals that the world's biggest oil producer is meeting its pledge to boost output in a bid to lower near-record oil prices, shipbroker P F Bassoe said in its weekly market report.
Daewoo's April profit down on forex losses
DAEWOO Shipbuilding and Marine Engineering Co, the world's second-largest shipbuilder, said net income fell 29 per cent in April from a year ago because gains in South Korea's currency reduced its earnings from abroad.

Air and Land Transport

Qantas to relaunch direct flights to Shanghai and Bombay
AUSTRALIAN flag carrier Qantas said yesterday it will relaunch direct flights to China's financial hub of Shanghai and India's largest city, Bombay, as it taps growth opportunities in the burgeoning markets.
Boeing confident of retaining US$23b Pentagon tanker deal
Aer Lingus chairman quits over tax probe link
S Korean airlines to increase flights to Thailand
Iraqi Kurds pin hope on new airport for economic lift-off
LOG Book

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SITC to boost China-South Korea services Channels at the port of NY/NJ to be deepened FedEx Freight to hike rates by 5.9pc Ports of Auckland throughput up Credit rating on MISC remains BBB+ Canada shipping firm chief charged in terrorism case Shangdong Airlines' begins service to Singapore Northwest and American airlines raise fuel surcharges Kitty Hawk appoints Barron as VP of maintenance, engineering Airbus opens maintenance centre in Germany Skyteam accepts Aeroflot membership bid

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TNWA to enhance transpacific service Norasia allies with APL, CMA CGM for new South China Express service - ...provides fast transit time between South China & Europe Giant quay cranes for Pasir Panjang CMA CGM renames Transpacific Express service Lykes Lines expands US-S. America service MOL rises in Forbes' rankings ...opens 1 more office Imperial Shipping gets the stamp of quality Barging/lighterage charges can be included in assessable value, clarifies CBEC Mama mia! They're here on business Contract to develop JNP's 3rd box terminal may be awarded this month-end Strike at CCT continues - Import containers being shifted to nominated CFSs CKB awarded ISO 9001:2000 certification Forex reserves up by $ 49 million to $ 1,18,628 million Gujarat fancies SEZ for auto spares Centre leaves DEPB sales tax waiver issue to state govts Sugar import to be stopped CII, Canadian body sign MoU - Breathing solutions Coffee industry hopes for reliefs from new government Self-assessment scheme for exporters hits a snag - No baksheesh in it! Cenvat duty on powerlooms may go Shinde stresses need to balance new techno-economy and farm sector Making India global service hub is Kamal Nath's objective Global conference on warehouse receipts to be held in Rotterdam this month-end Steel body plans to meet Chidambaram, seek some sops UBI CMD to speak on 'Credit Policy' at IMC today

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MAY 31, 2004
Titan Oil signs 'series of bunkering contacts' with major Reports: Newly-formed Titan Bunkering and ChevronTexaco unit sign deal that aims to prompt significant expansion in south-east Asian bunkering. Singapore traders unconcerned by Chinese absence Traders in the Singapore cargo and bunker markets told Bunkerworld today that they expect slow Chinese uptake for fuel oil cargoes in June and July to have little effect on the Singapore bunker market. Saudis pledge to keep exports flowing after attack Saudi Arabia's state oil company Saudi Aramco has vowed to keep supplies flowing to world markets following a terrorist attack over the weekend. Singapore: Fire aboard oil tanker

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Foreign Office enters OOCL Allan death probe INVESTIGATIONS into the death of OOCL executive Courtenay Allan last summer has taken a new twist, with the intervention of the Foreign Office. Cutting crews is causing accidents says MAIB chief PREVENTABLE accidents are happening at sea because owners are cutting crewing levels to save money, Britain's shipping safety boss has warned. Frontline says best is yet to come as dividend hits $5 a share FRONTLINE'S dividend largesse to shareholders in the past three years is now comfortably in excess of $1bn following a first quarter payment of $5 a share, or $365m in total. MC Shipping rejects Burke MC SHIPPING has rejected Burke Investments offer of a $27m equity infusion which would have given it control of the liquefied petroleum gas carrier and containership operator, writes Tony Gray. Flash fire onboard tanker kills seven workers at Keppel yard SEVEN workers died in a flash fire while repairing a tanker at Keppel Shipyard at the weekend.

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MAY 31, 2004
Chennai boxes clog system as strike talks fail Talks to end the eight-day old Chennai Container Terminal (CCT) strike have failed leading feeder operators to impose a congestion surcharge from June 1. Carrier definition of delay disputed by SA Government South African port authorities and shipping lines are at odds over how to determine delays in ship turnaround times, crucial for deciding when to lift surcharges for prolonged delays. Bangladeshi garment shippers ask for salvation from excess charges CSX management reshuffle for further investment in China Expansion of facilities at Korean container ports SITC enhances SE Asia services Dauelsberg names two containerships

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MAY 31, 2004
New South African line mooted Group planning to take advantage of recently passed Maritime Empowerment Charter. Sovcomflot and NYK link on LNG Sakhalin bidders detailed as earthquake hits oil and gas producing island off Russia's east coast. MOL pays up for lighterage VLCC Tanker to take on cargo from car carrier collision vessel off Singapore. Keppel fire claims seven Singapore sees worst shipyard disaster in a decade as flash fire strikes Elcano suezmax. April showers for Daewoo But Korean yard's orderbook is bulging and sales and operating profit are on the rise. Petronet LNG to buy Iranian gas India's first LNG importer gets green light to double terminal capacity at Dahej. MOL teams with SITC Expanding Chinese liner operator replaces Wan Hai Lines in Japanese owner's north Asia service. Crew held over stowaways South Korean master and officers of cargoship arrested in Spain on suspicion of setting stowaways adrift. Nepline turns it around Malaysian-listed tanker and bulker owner has seen a dramatic turnaround in first quarter results. Collision leaves one dead Small Japanese tanker sinks after being struck by Malaysian-registered general cargo ship. Hornbeck seals three ships US-listed offshore vessel and barge operator inks tug and supply boat purchase contracts.