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Shipping News

Major shipping lines in the red this year: APL
INSANELY low rates' coupled with the unexpected plummet in world trade mean no major shipping lines operating in East-West trades are profitable this year, according to APL's Asia/Middle East president Dan McHugh.
US cruise business rebounding, says ICCL
P&O shuns Carnival's counter-bid
Sailors rescued as cargo ship sinks off UK coast

Air and Land Transport

A318 planes face delay
AIRBUS may have to delay initial deliveries of its A318 aircraft, originally set for late 2002, because an engine being developed by Pratt & Whitney falls short of Airbus expectations, the plane maker said.
Chairmen of Airplanes Group, Ryanair to invest in Ansett bid firm
British World Airlines calls in receivers
Boeing to cut up to 30,000 jobs earlier than planned
American Airlines jet delayed by fake grenade
BA offers 70% discount on Concorde flights
Aircraft leasing rates may fall 20%: lessors
NZ won't discuss Air NZ with Qantas

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Shipping News

Major shipping lines in the red this year: APL
INSANELY low rates' coupled with the unexpected plummet in world trade mean no major shipping lines operating in East-West trades are profitable this year, according to APL's Asia/Middle East president Dan McHugh.
US cruise business rebounding, says ICCL
P&O shuns Carnival's counter-bid
Sailors rescued as cargo ship sinks off UK coast

Air and Land Transport

A318 planes face delay
AIRBUS may have to delay initial deliveries of its A318 aircraft, originally set for late 2002, because an engine being developed by Pratt & Whitney falls short of Airbus expectations, the plane maker said.
Chairmen of Airplanes Group, Ryanair to invest in Ansett bid firm
British World Airlines calls in receivers
Boeing to cut up to 30,000 jobs earlier than planned
American Airlines jet delayed by fake grenade
BA offers 70% discount on Concorde flights
Aircraft leasing rates may fall 20%: lessors
NZ won't discuss Air NZ with Qantas

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Yang Ming and K Line to set sail together Macau-Zhuhai port to operate longer opening hours Qingdao Port tops 100 million tons Qantas returns to New York, increases Hong Kong flights Jilin building first civil airport BA suspension of services on three Far East routes

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DECEMBER 17, 2001
Conditional approval German-Austrian alliance Steps for an EU-China agreement in maritime transport ANZ banking group joins Bolero.Net US aviation experts in consortium to revive Ansett Air Canada president urges liberalization U.S.-Canada market Amsterdam to reduce the landing and take-off charges

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Floating crane proves boon for bulk shippers of ore 4 shipping majors in fray for Sandheads project OSL achieves record loading at Vizag Port Per Joergensen inaugurates Maersk India's new HO & Mumbai Office Dumping duty likely on Italian acrylic fibre Fresh look at acetone import duty exemption under way Kandla Port Trust takes steps to ease congestion, achieves new landmarks Asian air freight conference to be held in Singapore Cathay Cargo resumes direct service to Sri Lanka CAL to increase US flights GAC, Emirates SkyCargo sign 1-year partnership Emirates to launch 5 new non-stop flights DHL Voted Asia's Most Admired Company Korean Air's Nov. traffic up Korea receives Boeing 737-900 Concor's first container train reaches Vizag Airlines to withdraw cargo fuel surcharge Concor: 2 new Directors Forex reserves up by $ 260 million to $ 46,891 million Invest in core projects, Sinha urges industry leaders Ficci feels FDI will come in from East Tata Steel plan for Gopalpur SEZ taking shape Conversion to Euro bank notes and coins from Jan. 1 Karnataka govt unfolds steps taken for rapid industrialisation Move to allow SEZ units to raise funds overseas Foreign Trade Analysis: Current Policy & Procedures Dempo bags CAPEXIL export award IMC-Bajaj National Quality Trophy for Indo-Gulf & Satyam - IMC Juran Quality Medal Awarded to J. J. Irani Higher global wheat output likely

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DECEMBER 17, 2001
ARA prices down midday and then up, suppliers cautious with holiday supply dates OPEC likely to delay production cuts till February, much to discuss at December meeting Norway confirms conditional 150,000 bpd cut Friday oil price boom gives way to Monday blues Rotterdam morning market report European Parliament approves "Erika 1" regulations

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DECEMBER 17, 2001
Contship Italia takes a stake in TCR Second ro/ro ship for Strade Blu Irisl serves Mediterranean ports New ships for Zim Delmas and Linea Setramar La Spezia Trieste Nacala Corridor Swaziland considers to impose road tolls Exel for Alcampo Inland shipping freight market, week 50, 10th/14th December, 2001

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DECEMBER 17, 2001
Cruise line battle looms Carnival announced a $456 billion proposal to take over P&O Princess Cruises and the Princess board promptly rejected it

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DECEMBER 17, 2001
P&O Princess turns down purchase proposal from Carnival Washington Hearings Board sides with Port of Anacortes on airport Port of Portland commissioners present environment award to Delta Air Lines Port of Seattle says it has no part in oil spill near Pier 90 complex Airlines file motion to look at American alliance with British Airways0

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Carnival eyes London quote in Princess bid Carnival Corp, the world's largest cruise operator, is willing to seek a listing on the London Stock Exchange to help smooth the way for its hostile '3.2bn ($4.51bn) bid for Royal Princess, the US group disclosed yesterday. Shell sees oil price rise funding acquisitions OIL major Royal Dutch/Shell yesterday pushed up its long-term crude price measure to $16 a barrel from $14 in a bid to absorb more expensive projects and launch a new year acquisition spree. Baltic Exchange eyes wider audience with planned Embracing the profile of a private club, the proposed changes could see the introduction of a new level of membership to allow use of the catering facilities, while the trading floor could disappear altogether. Galileo project hangs in balance THE future of the European Union's ambitious Galileo project remains in the balance after heads of government, in their summit meeting in Belgium at the weekend, re-affirmed the "strategic importance" they attach to it.

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DECEMBER 17, 2001
Carnival bid hits RCCL shares NKK, Hitachi go Universal US cargoes arrive in Cuba Japan retains ship depreciation rule New bid to free Sea Navigator Humber incidents raise fears Sea sickens Sardinia travel Finnlines to launch new service HK box terminal slips on mud WCM plots ThyssenKrupp takeover Certificates 'not the sole answer' Agency delay to have little impact Durban harbourmaster sacked CP/Nordana deal off Dutch claim Spanish aid 'excessive' CCNI suitors snubbed Oz gives weight to coastal freight Pertamina trades gas for tankers Crew abandons blazing bulker IMU slates Piraeus PMIS Korean newbuilding orders slump Carnival wades into P&O/RCCL deal

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DECEMBER 17, 2001
Ports want more security spending American ports are urging Congress to approve more funding for the Coast Guard, Customs and Maritime Administration. Journal of Commerce donates $150K to Seamen's Church Institute The proceeds came from a special commemorative edition of JoC Week honoring the victims and relief workers of the Sept. 11 attacks. DHL opens strategic parts center in Guam The new facility will serve a growing base of manufacturers in the region. Refugee crisis hits Chunnel freight traffic SCM technology should widen scope Two U.S. shipments reach Havana Maritrans plans stock buy-back CP Ships scuttles Nordana deal Hellmann wins ski gear logistics deal

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La CE veut appliquer la règle “known shipper” au fret aérien au sein de l’UE La Commission européenne a adopté une proposition pour appliquer le concept du consignateur connu sur l’ensemble du fret aérien. L’initiative cadre dans les normes de sécurité plus sévères que les ministres européens des Transports ont imposées à la navigation aérienne suite aux attentats terroristes du 11 septembre. Le Parlement européen se prononcera au début de l’année prochaine sur la proposition. Création d’un pool allemand pour enrayer la chute des taux d’affrètement de PC? La crise s’accentue dans le liner containérisé. Selon un rapport de BRS-Alphaliner, il y avait au début décembre 65 PC cellulaires de plus de 1.000 TEU (soit une capacité totale de 136.000 TEU ou 2,7% de cette flotte) en situation de lay-up. Parmi ceux-ci figuraient 5 PC de 5.000 à 6.000 TEU en lay-up ou en semi-lay-up au Far East. On peut d’ailleurs s’attendre à ce que ce nombre ira croissant au fil des prochaines semaines puisque d’aucuns parmi les opérateurs annoncent l’immobilisation d’au moins 15% de la flotte des PC opérant Est-Ouest et ce pour l’ensemble de l’année 2002. La famille Borms met le nouveau “Poolster” en service Le “Poolster” chargera aujourd’hui à Flessingue une première cargaison destinée à l’industrie sidérurgique dans la région de Liège. Cette unité de 2.850 tonnes est la dernière acquisition de la famile P. Borms-I. Delens. L’unité a été baptisée vendredi dernier sur le chantier naval Instalho à Werkendam par leur fille aînée Enya. 2001 a été une mauvaise année pour les utilitaires Mercedes-Benz en Belgique DaimlerChrysler Belux a présenté vendredi passé le bilan de l’année écoulée. Si dans les voitures, il est globalement positif (Smart et Mercedes-Benz ont progressé, Chrysler a souffert du lancement de sept nouveaux produits), dans les véhicules utilitaires, il est franchement mauvais. La marque à l’étoile a régressé sur ses marchés traditionnels (utilitaires et camions légers) et sur le marché du tracteur, sa part de marché est même retombée à un niveau qui la ramène au début des années 1980. Annette Winkler, administrateur délégué de la société belge, nous a déclaré qu’elle compte redresser la barre - entre autres - en misant moins sur les flottes et plus sur les PME du transport. De plus, l’Axor devrait susciter une redynamisation de la marque.

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DECEMBER 17, 2001
ACLN stock trading halted The company shares fell by $5.05 or 14.13% to $30.70 in late Monday trade. Stelmar predicts consistent earnings The company's final quarter earnings are to be in line with analysts' expectations. OMI probed for pollution The crew members are alleged to have presented false statements to the government. ACLN cancels shipbuilding contract The company receives a $2.5m refund out of its $10m deposit from a Malaysian shipyard. Grupo TMM begins merger process Grupo TMM and TMM will become one company by the end of this year. POC-RCCL merger meeting on track Carnival's bid would not disrupt the scheduled P&O Princess' extraordinary general meeting in January. Carnival chief comes out guns blazing Micky Arison attacks rival link up as joke venture not joint venture. Grand Alliance fudges capacity cuts Containership players have watered down cutbacks for 2002, despite the ever-weakening market. Two vessels complete historic Cuban journey More vessels carrying food and medicine will be heading to Havana from the US in the coming months. Iranian owners join forces Two shipping companies from Iran are teaming up with an existing joint venture. Heidenreich unveils new internet tool The www.QBulk.com will help easy completion of vessel questionnaires required by charterers. Munich Re expands at Lloyd's Marine syndicate gets $115m capacity injection as market hardens. Australia seeks spill boxship Authorities clean up over 350 Fairy penguins after oil hits 15-kms of beaches near Melbourne. Carnival may up offer if "poison pills" ditched The US cruise giant is prepared to increase its offer if the joint venture and break fee are reduced or eliminated. Baltic Exchange goes social Blackballed by the gentlemen's clubs of St James? Then rub shoulders with the shipbrokers of St Mary Axe. Arison to put offer to the shareholders Carnival boss to make direct approach to P&O Princess Cruises' investors after board rejects offer. Princess rejects Carnival's advances Arison shows hand in battle for cruise supremacy, but his offer falls short. EU nations fight for maritime agency Summit ends in row over which nations will play host to new agencies. Cargoship sinks off UK Eight crew were rescued after their vessel sank off the Welsh coast Sunday. Singapore asks owners to cooperate with US Navy MPA tells owners to be prepared for boardings as US search for Bin Laden spreads to ships in the Med.