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Port sector lags in ISPS readiness: IMO survey
WHILE praising Singapore and India for their full ISPS compliance by July 1, International Maritime Organisation secretary-general Efthimios Mitropoulos said he was 'very disappointed' at the slow rate of global certification, particularly in the port sector.
Ships with stowaways could be considered ISPS violators
SHIPS found to have stowaways on board after the July 1 deadline for International Ship and Port Facility Security Code implantation are likely to be automatically regarded by port states as not complying with the Code, warns North of England P&I club.
New Dominica Registry on roadshow to boost Asia presence
THE newly established and up and coming maritime registry of the Caribbean island nation of the Commonwealth of Dominica is raising its profile and presence in Asia.
Chennai strike hits S'pore-based feeder lines
A strike at India's Chennai Container Terminal has paralysed operations there, impacting a number of Singapore-based feeder lines and slowing cargo flows into and out of the P&O Ports terminal to a trickle.
Europe car ferries safer now: survey
TRAVELLING by car ferry has become safer but a few ships still do not match international safety norms, according to the results of a survey of European ferry companies.

Air and Land Transport

Fuel price hikes may force United to cut staff
UNITED Airlines, the world's second-largest carrier, may consider laying off more workers because of rising fuel prices, chief operating officer Peter McDonald said.
Qantas boss Dixon upbeat on airline industry outlook
Viet airline gets finance for Airbus deal
Italy govt to guarantee Alitalia loan: sources
Lufthansa sells US catering unit to Questor
LOG Book

web site

Shipping News

Port sector lags in ISPS readiness: IMO survey
WHILE praising Singapore and India for their full ISPS compliance by July 1, International Maritime Organisation secretary-general Efthimios Mitropoulos said he was 'very disappointed' at the slow rate of global certification, particularly in the port sector.
Ships with stowaways could be considered ISPS violators
SHIPS found to have stowaways on board after the July 1 deadline for International Ship and Port Facility Security Code implantation are likely to be automatically regarded by port states as not complying with the Code, warns North of England P&I club.
New Dominica Registry on roadshow to boost Asia presence
THE newly established and up and coming maritime registry of the Caribbean island nation of the Commonwealth of Dominica is raising its profile and presence in Asia.
Chennai strike hits S'pore-based feeder lines
A strike at India's Chennai Container Terminal has paralysed operations there, impacting a number of Singapore-based feeder lines and slowing cargo flows into and out of the P&O Ports terminal to a trickle.
Europe car ferries safer now: survey
TRAVELLING by car ferry has become safer but a few ships still do not match international safety norms, according to the results of a survey of European ferry companies.

Air and Land Transport

Fuel price hikes may force United to cut staff
UNITED Airlines, the world's second-largest carrier, may consider laying off more workers because of rising fuel prices, chief operating officer Peter McDonald said.
Qantas boss Dixon upbeat on airline industry outlook
Viet airline gets finance for Airbus deal
Italy govt to guarantee Alitalia loan: sources
Lufthansa sells US catering unit to Questor
LOG Book

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MOL to offer express service between N China, Korea and Long Beach C Y Group adopts Chinese name TNWA alters transpacific services Hapag-Lloyd vessels now ISPS compliant PSA spends US$70 million on cranes NOL appoints new senior VP for Business Solutions Menlo hires new Asia pacific MD Hapag-Lloyd Flug spins off freight business to cargo counts Dragonair transports national treasures to Hong Kong Cathay fills three senior positions SAS cargo appoints vice president

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Shipping Ministry may carry extra load of Road Transport & Highways New Shipping Minister rules out SCI privatisation DCM Hyundai delivers top-quality dry containers to Ceekay Shipping India-China trade soars by staggering 88 pc in January-March 2004 to touch $ 3.13 bn India, Pakistan tea associations sign MoU Miles to go & more to achieve; we cannot rest on our laurels-Budhiraja - JNP celebrates 15th Anniversary IPBCC explains rationale behind June 1 'rate restoration' - Economic indicators pertaining to trades favour move, says Conference Chairman CONCOR reaching out for more cargo - ICDs at Vizag, Bhopal, Belgaum & Kota planned Talks to end strike at CCT under way Infrastructure sector posts positive 9 pc growth in April

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MAY 27, 2004
Montreal and Halifax supply situation soon to improve Crude sharply lower after hints of big supply increase Oil prices down by around $1 per barrel as market gains confidence more oil supply is in the offing from OPEC and non-OPEC sources. Bunker recovery operation expected to commence tomorrow Divers on site of the sunken Hyundai 105 today, salvors re-confirm no sign of bunker leaks. Tokyo demand sees pick-up Singapore bunker market easing after recent records Singapore bunker prices were revised down for the second consecutive day today, more than wiping out earlier gains. Singapore product stocks in good shape Mediterranean cargo movements leave Italian market cold High costs blamed for FAMM's sudden market exit International supplier pulls out of Seattle market six months before storage terminal lease is due to expire. Another slow morning in Rotterdam Detained ship released following bunker payment A ship detained in Port Klang last week for non-payment of bunkers has been released following settlement of the claim. Vopak deal to land Polish oil terminal network collapses Key customer and share owner PKN Orlen not able to agree terms with Vopak over Naftobazy oil product terminal deal. Sunken ship: Salvors deny leakage reports UAE trader buys majority stake in Indian supplier Orion Holdings Ltd. deepens its involvement in the Indian bunker market and plans additional barges.

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Fruit Logistica 2005 larger than ever WWPC launches new supply chain solution Port Security Council of America formed Frans Maas invests EUR 15 million in Bulgarian terminal US boxes for Saudi railways Pacific Blue chooses Menzies Aviation in New Zealand Lykes Lines calls Cagliari on North Europe-India service Wincanton appoints new director for Central and Eastern Europe

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MAY 27, 2004
Petronas VP takes over at MISC DFDS cuts Q1 loss UK water freight subsidy Samoa triggers IMO air pollution rules ICS "concerned" over new AIS service Partial spinoff for Ship Finance International K Line rejigs Tacoma box terminal Rina's good year Brussels Spout update

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MAY 27, 2004
Standard & Poors puts Horizon Lines on CreditWatch Move follows announcement of Carlyle Group sale Jeffboat gets more orders from Vane Two 52,000 bbl tank barges with options for two more New lease on life for Roehrig tugboat Atlantic Dry Dock completes life extension on time and on budget Ken Bergquist to lead Maritime Security Institute President and Academic Dean of educational institution dedicated to maritime security and antiterrorism education, training, and research.

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MAY 27, 2004
International Transportation Service eyes move at Port of Tacoma US sees more imported steel during month of April Ride on fishing boat lands felon in jail New checkpoint opens as Sea-Tac Airport Boeing sells subsidiary to GE Commercial Finance

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Kinnock plans to become a crusader for shipping NEIL Kinnock, the driving force behind a fundamental shift in European Union maritime policy, is planning an industry comeback. Goodbye to dry bulk's giddy high DRY bulk rates are falling fast and will continue to plunge throughout the summer before bouncing back towards the end of the year, market observers predicted yesterday. Petronas' Shamsul named as MISC head MALAYSIA International Shipping Corp is appointing a senior executive of Petronas, Dato' Shamsul Azhar Abbas, as its new managing director and chief executive.

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MAY 27, 2004
Total cleared in Erika report FRENCH energy major TotalFinaElf was not qualified to detect the real state of corrosion of the Erika and cannot be held responsible for its condition, an influential report published today has found Creditor banks back Nenaco plan TWO major creditors of Philippines ferry operator Negros Navigation Co (Nenaco) have given their approval in principle to the proposed rehabilitation plan Hauliers react to Pyrenees gridlock A group of ship owners and road hauliers are getting together to launch a short-sea service between Bilbao, Spain and Dunkirk in northern France Same but cheaper for Northern Isles THE ten companies that expressed an interest in tendering for the Scotland-Orkney/Shetlands ferry service will see today what is expected of them SCI will not be privatised SHIPPING Corp of India will continue to be a public sector undertaking as the new Congress government has ruled out its privatisation Europe's worst ferries in East Med A number of car ferries operating in Greece and the Eastern Mediterranean have been identified in a new survey as inadequate as regards safety standards Bosphorus bypass gets the good oil Jones Act fleet under threat Oldendorff bringing the ships home K Line's husky growing up Itajai takes Brazil no. 2 port slot Petronas exerts control over MISC $500,000 wrangle at Lake Charles Canada goes beyond ISPS requirement Grimaldi's short-sea frustration Bidding for Beirut from mid-June

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MAY 27, 2004
U.S. ready for port security deadline Coast Guard security czar says ports, vessels ready to meet July 1 deadline for implementing new anti-terror plans. Malaysia revamps maritime security Carriers should offer IT solutions Ocean carriers have spent millions to develop information technology; it's time to offer it to their customers, execs say. Democrats want trade deal to address labor, other issues Maersk, APL, NYK top quality survey UPS, pilots speed up contract talks State probes Los Angeles port leases Louisiana port sues stevedore EU airlines protest US air deal Opponents call UK port strategy flawed MC Shipping rejects takeover bid NWA Cargo ups int'l. fuel surcharge U.S., Bahrain in free-trade deal

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MAY 27, 2004
Mediterranean cargo explosion delays ships and freight Mushrooming volumes, along with immense ships are putting Mediterranean port infrastructure and feeder networks under severe strain delaying cargo by up to three weeks say industry insiders. Patrick flags Melbourne expansion plans Terminal operator Patrick has promised a major expansion of its Melbourne facilities, provided it can obtain a clear statement of strategy and direction from the Port of Melbourne Corporation. Korean shippers say they're suffering from increased costs Rate rises prompt CMA CGM/Maruba joint Asia service SITC and MOL to launch China/Japan service K Line to triple Tacoma terminal Volume growth prompts Northport development Sinokor and MCL launch joint pendulm service ANL to operate Shanghai Express with CMA CGM Hamlin departure prompts APL appointments Three owners order from the same Chinese yard PSA Singapore to invest in super post panamax quay cranes P&O Ports plans to break Chennai strike as port-users question 'credibility' Carriers won't back P&O Ports Botany proposal

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MAY 27, 2004
Lloyd's star falls to earth Youthful leader of London's hull underwriters William Beveridge to spend a year on gardening leave. Sweet Alabama ConocoPhillips pursues new offshore LNG terminal outside Mobile. MC rejects Burke offer Board says deal not in best interests of all shareholders. First Olsen sells tankers Disposal of suezmax duo to Arab interests gives Per-Oscar Lund $88m to stuff under mattress. Copper back onstream at Grasberg US-owned mine resumes shipments after last year's rock slide. Tasmanian ferries disappoint State-owned former Attica ships' passenger numbers not meeting expectations in Bass Strait. Rina on the rise Italian classification body chief Ugo Salerno says tonnage rising but age falling. Brazilian yard born again Ebin in Rio de Janeiro state is back in business after 10-year hiatus. Indian owners seek foreign crew Shortage of 450 officers leads to pressure to change national crewing regulations. ONGC wants ships India refiner considers buying tankers to cut charter costs. DFDS slims first quarter loss Danish ferry and ro-ro operator hedges against currency and bunker costs going forward. MISC appoints new chief Petronas exploration and production vice president to head Malaysian shipping giant. It's official Shipping Corporation of India privatisation is scrapped. Namura offers new stock Weeks after TMT bought into Japanese yard, it is giving MOL, MHI and others chance to invest. ASL wins coal pontoon newbuild Singapore shipbuilder to construct 65,000-dwt floating terminal for Indonesian fossil fuel exports. Pirates plunder Polys tanker Singapore-flagged aframax tanker suffers second incident in Indonesian waters in six months. First quarter blues at Anek Greek ferry owner sees losses widen to 31 March despite revenue jump. PSA orders post panamax cranes Singapore port operator is investing in twelve new 22 container-rows-across for Pasir Panjang Terminal. Conferences agree rate rises Higher oil prices and rate restorations add to cost of shipping cargo from world's second largest economy. New boss for APL Americas Singapore national flag carrier's liner arm names new head of US operation. S&P puts Horizon on creditwatch Agency mulls ratings downgrade after Carlyle Group confirms sale of Jones Act liner operator.

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MAY 27, 2004
Ships, ports to miss ISPS security code deadline Ship pollution rules to apply in 2005 FMC chairman predicts closer shipper-carrier bonds Transport Canada beefs up security requirements Standard & Poor's places Horizon Lines on creditwatch Europe/India lines switch Med hub call U.S., Gabon sign open-skies agreement AllTranstek names Hoffman president, Wilson VP WCO, Interpol step up joint fight against counterfeit products China now 3rd-largest importer ProcureNet picks Exel to manage military shipments IBM, SSA Global form software alliance Tibbett & Britten names Gardner to head Americas unit Supreme Court will hear interstate wine cases Polish shipper sentenced to 30 months in jail for cavier smuggling

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MAY 27, 2004
Fewer SFI shares to Frontline shareholders Frontline will only distribute 25 per cent of the shares under the listing of Ship Finance International (SFI) to current ... Oversubscribed Stolt issue The recent Stolt Offshore right issue of USD 65.8 million (EUR 54.3 million) was oversubscribed by 60 per cent. 29.9 ... Strike looming on Norway's domestic ferry routes Over 20 important ferry routes and two Coastal Express vessels - the "Midnatsol" and the "Nordnorge" - will be hit by strike ...