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Shipping News

PSA to expand into handling other cargo types in Belgium
A significant new investment in Belgium's terminal operations will see container-focused PSA Corporation involved in more diversified cargo handling in Europe, according to the heads of the Port Authority of Bruges/Zeebrugge.
Bomb scares at Boston port highlight worsening situation
RCL launches new India service
Austal clinches A$80m deal for high-speed catamaran

Air and Land Transport

Asian airlines fall on worries travel will shrink
KOREAN Air Co, All Nippon Airways Co and other Asian carriers' shares fell as investors worried last week's terrorist attack in the US and possible American retaliation will deter air travel.
BA: Too early to decide measures after US attack
Thai Air's secondary offer to go ahead as planned
Qantas expects demand on US routes to fall
Sydney Airport sale in jeopardy as 2 investors leave
High oil prices will hit Air China hard
Log Book

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Shipping News

PSA to expand into handling other cargo types in Belgium
A significant new investment in Belgium's terminal operations will see container-focused PSA Corporation involved in more diversified cargo handling in Europe, according to the heads of the Port Authority of Bruges/Zeebrugge.
Bomb scares at Boston port highlight worsening situation
RCL launches new India service
Austal clinches A$80m deal for high-speed catamaran

Air and Land Transport

Asian airlines fall on worries travel will shrink
KOREAN Air Co, All Nippon Airways Co and other Asian carriers' shares fell as investors worried last week's terrorist attack in the US and possible American retaliation will deter air travel.
BA: Too early to decide measures after US attack
Thai Air's secondary offer to go ahead as planned
Qantas expects demand on US routes to fall
Sydney Airport sale in jeopardy as 2 investors leave
High oil prices will hit Air China hard
Log Book

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Senator extends AWE service Joint statement issued by Tripartite Shippers' Group Chris Gray announces retirement P&I Club warns of theft Port of Oakland appoints Bridges Schedule cuts mark US air traffic return SAS sounds note of foreboding on profit TNT aims to quadruple growth after 55 years in Asia

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SEPTEMBER 17, 2001
Board of SAS resigns FAA update Sunday Safety measures European Commission 12,000 employees to leave continental United reduction by 20 per cent Northwest reduction by 20 per cent New shipping service Geest

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Provisional dumping duties on zinc oxide from Nepal Dumping of PIB under probe US LCs drying up for Tirupur garment exporters 4 Chinese drugs face anti-dumping duty Hardware exporters find new markets in South Asian countries Capt. Sibal assumes charge as Deputy Conservator, KPT Country's forex reserves scale a new peak of $ 45 billion Higher wheat sales price of Rs 4,700/t mooted for millers to make products for export RBI: Forex demand-supply deficit will be met Textile sector posts 15.6 pc export growth in Q1 Garment exporters want LC norm scrapped for FCFS quota Pharma, biotech sectors set for robust growth CII cites steps to revive capital market Inflation rate down to 4.99 pc Oil import bill may swell by Rs 4,000 cr Rajendra S. Lodha is Ficci's President-elect Boobna, Todi re-elected to AIEC GCCI team for Hong Kong, China Wagon-loading system for TNEB's coal plant 55 acres land allotment to quake-hit cleared Botswana could be springboard to S. Africa, European Union

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SEPTEMBER 17, 2001
Last week's weekly global averages Rotterdam opens steady, then slightly softer in quiet market Arab Gulf prices stay firm at the outset of the week Korean distillate prices jump, fuel consolidates higher Brazil bunker price update Crude continues its jitters in nervous market Singapore spot prices steady to firm, cargo looking weaker

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SEPTEMBER 17, 2001
Port Tenants and Users of NY/NJ Ikea Rail AB: rail consignments between Sweden and Germany New customers for KEG China builds up its railroads Financial support for Neokemps Extermetal builds in Krems CSPL-subsidiary's last gasp A new complaints office THADA about to be launched Trucks in Hungary: excess mass and weight will pay

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SEPTEMBER 17, 2001
Senator Lines replaces Oakland with new port call in Seattle Port of Bellingham puts airport disaster drill on hold Boeing charitable groups deliver $5 million to aid attack victims Secretary of Transportation creates rapid response security teams UPS ready to reinstate money-back service guarantee

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SEPTEMBER 17, 2001
Cruise shares slide as NYSE opens Hyundai yards agree rises Dalrymple terminal leased to bank Call for 'sensible' TBT phase-out Minoan Lines cancels rights issue Tangier wins major investment US shipping goes on war footing Tigers attack on troopship repulsed Festival ship hit by engine failure Swell hinders Ikan Tanda salvage Kamikawa Maru rescue unconfirmed Congress passes emergency bill Further cruise itinerary changes Port security upgrade a certainty STX to retain Daedong staff Mid East war risk status 'imminent' St Lawrence announces closure plans US military tightens port security Owner fears MDD unrest Chaotic weekend hits cruise lines

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SEPTEMBER 17, 2001
Back to business for air cargo Air cargo executives said that operations are returning to normal after a week that was anything but. NY traffic returning to normal But flights in and out of area airports remained well below regular levels. Euro airlines shares sink At least one carrier announced layoffs as the industry tried to quantify the fallout from the U.S. attacks. Senate OKs MARAD funding Title XI and maritime security programs have survived in a budget bill heavily amended to reflect new counter-terrorism spending. Airlines cleared to haul cargo Tripartite group call for end to carriers' antitrust protecion Buffet completes XTRA takeover

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P&O Ports-Anvers chargé d’assurer les développements en Europe et en Afrique Dans le dernier rapport annuel du groupe P&O, son président Lord Sterling a plus particulièrement mis l’accent sur la poursuite de l’expansion rapide de la division P&O Ports, qui exploite des terminaux portuaires axés sur les containers et le conventionnel/breakbulk, sans oublier des terminaux multimodaux dans les hinterlands. Cette stratégie, il la conçoit via des acquisitions appropriées et efficaces, via un management très performant mais aussi via des systèmes communs. Ladite stratégie a déja trouvé illustration par les initiatives développées ces deux dernières années par le groupe en Europe continentale du Nord, plus précisément à Anvers et Duisbourg. La base anversoise va maintenant servir à d’autres développements. Les gouvernements européens vont-ils aider les compagnies aériennes à traverser la tempête? Les vols transatlantiques ont progressivement repris pendant le week-end dernier, au grand soulagement des compagnies aériennes et de leurs clients restés en rade pendant près d’une semaine. Plusieurs compagnies, surtout américaines, ont déjà annoncé des plans de réduction de la capacité, accompagnés de pertes d’emplois. Le gouvernement américain a d’ailleurs annoncé qu’il interviendrait pour les aider à passer ce cap difficile. En Europe, les actions de quasi toutes les compagnies ont perdu des plumes lors de la réouverture des marchés boursiers, lesquels attendaient avec une certaine inquiétude la relance des opérations à Wall Street. L’UE va plaider pour une taxe sur le kérosène auprès de l’OACI Les ministres européens des Transports ont a nouveau tenu un plaidoyer en faveur d’une imposition mondiale sur le carburant aérien, lors de leur rencontre informelle de samedi à Louvain-la-Neuve. Ce plan d’introduction d’une taxe sur le kérosène a déjà été rejeté à plusieurs reprises ces dernières années, mais a à nouveau été remis à l’agenda européen samedi sous la pression des ministres verts belges Isabelle Durant (Transport) et Magda Aelvoet (Environnement), qui présidaient le conseil des ministres européens combiné. On a donc fait fi du fait que bon nombre de compagnies aériennes prévoient de lourdes pertes pour cette année et qu’elles devront consentir des investissements supplémentaires sur le plan de la sécurité suite aux attaques terroristes aux EU. Europe-COA: WAL et P&ONL optent pour une nouvelle grandeur d’échelle Engagés dans un service containérisé conjoint, seulement sur le plan opérationnel, les armements West Afrika Linie (WAL) et P&ONL procèdent actuellement à son adaptation, qui consiste à remplacer les 5 unités de 800 à 1.100 TEU par 4 unités de 1.700 TEU. Chaque partenaire aligne deux unités dans ce contexte opérationnel. Ces navires sont affrétés pour des périodes allant de 6 mois à un an. Rappelons que le rapport des forces entre les deux partenaires est officiellement de 60% pour WAL/40% P&ONL

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SEPTEMBER 17, 2001
New York cruiseships diverted to Boston More detours for New York cruiseships to Massachusetts are expected this weekend. Jones Act provision bill gets slighted The bill is to allow US-owned, foreign built passenger ships into US ports while owners build new ones. US shipyard subsidy programme secures funding The government loan guarantee programme is backed by the Senate but not the Bush Administration. War rates leap five fold Insuring a ship against terrorism or US retribution becomes expensive. Third Enterprises ship arrested Victor Restis-controlled boxship seized in Pusan as bondholders and company fail to end cash row. USCG rounds up rogue ships The US's August port state control detention list makes grim reading. WTO urges US to open up shipping sector A report by the World Trade Organisation has highlighted shipping as one of the US remaining trade barriers. General Dynamics again extends Newport offer The disruptions caused by the New York terrorist attacks lowered the number of shares tendered. INS releases two men from Fascination The two men aboard the Carnival cruisehip were detained early Friday for reasons unknown. NY stock markets reopen to massive sell-off Investors are betting on a weaker economy due to last week's terrorist attacks in New York. Qatar Navigation books Korean feederships Korean yard scoops boxship orders from Middle Eastern onwer. Cruise company shares plunge P&O Princess and RCL have continued their steep decent in the wake of the US attacks. Salvage Association recruits woman Chocolates and chauvinism for first female casualty surveyor. RasGas narrows LNG bids Middle East gas producer has honed down a list of owners and yards for a series of LNG newbuildings. US bank wins 50-year Aussie coal port leaseBabcock & Brown LP is paying AUD 630m for control of the largest coal terminal in the southern hemisphere. Profits soar at Hong Kong Ferry The Hong Kong Ferry group has more than doubled its net profit in the first half. Minoan pulls share issue Negative sentiment in Greek and international markets spells the end for ferry operator's capital increase. Austal inks Venezuelan ferry order Conferry returns to Aussie fast ferry builder for second aluminium ro-pax catamaran. Tensions mount at US ports Cruiseships were held off US ports Sunday as heightened security measures took hold. Asian stocks fall ahead of NYSE reopening Shipping equities nervous in advance of a resumption of trading on the New York Stock Exchange later today.