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Shipping News

IMO to develop new US$1b oil spill fund
THE International Maritime Organisation is set to move ahead in developing a US$1 billion new 'third-tier' for international oil pollution compensation.
Asian shipping alliance in slot swap accords on several routes
Star Cruises pulling out of Taiwan market
Marshals to search shipsoff California for terrorists

Air and Land Transport

US warns int'l airlines to provide passenger lists
INTERNATIONAL airlines that don't turn over advance lists of passengers soon to be screened for possible terrorists will face much more intensive inspections, Customs Commissioner Robert Bonner warned.
Air NZ rescue deal finalised
Aussie govt rejects financial aid, change of laws to help Ansett
Jets to be turned into discos?
Ryanair offers free tickets
Crossair crash: jet trying to land without altitude aids

web site

Shipping News

IMO to develop new US$1b oil spill fund
THE International Maritime Organisation is set to move ahead in developing a US$1 billion new 'third-tier' for international oil pollution compensation.
Asian shipping alliance in slot swap accords on several routes
Star Cruises pulling out of Taiwan market
Marshals to search shipsoff California for terrorists

Air and Land Transport

US warns int'l airlines to provide passenger lists
INTERNATIONAL airlines that don't turn over advance lists of passengers soon to be screened for possible terrorists will face much more intensive inspections, Customs Commissioner Robert Bonner warned.
Air NZ rescue deal finalised
Aussie govt rejects financial aid, change of laws to help Ansett
Jets to be turned into discos?
Ryanair offers free tickets
Crossair crash: jet trying to land without altitude aids

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HPH signs agreement for Yantian terminal project Hong Kong, Dutch shipowners avoid paying double taxation Japan shipbuilders hit hard Matson revises Hawaii schedule Singapore re-elected to International Maritime Council Famous launches dedicated Pacific Island services Tasman Orient Line restructures Troubled Air New Zealand back under state control Zhuhai engine maintenance unit to cost $13 million Korea receives Boeing 737-900 SAS delays San Francisco route

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NOVEMBER 27, 2001
EU against less container capacity Italian government to decides about carrier Not even business plan for 'New Sabena' Four more Cargo 2000 accreditations SAS delays opening of San Francisco route Dragonair's second freighter flies New board member Schenker

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ANL set to enter New Caledonia trade from early December - Dedicated fortnightly fixed day service Lykes Lines to launch North Europe-Asia link CP Ships agreement to secure CPR's position as Montreal's leading rail service provider Cape International formed with 5 global bulk operators TOC Asia 2002 to be held in Kuala Lumpur TMM Lines extends Bill of Lading online P&O Nedlloyd to pull out of VSA 3 West African port plan floated China announces increase in container handling fees London Club appoints GAC as correspondent New appointment for OTAL HAM, Ballast Needham to merge worldwide Contship Containerlines adds ports to 3 services in Europe-Asia trade New major port planned in Leningrad region Yantian Port's third phase approved 'Tomas' safe navigation system for MOL HIT receives eight new RTGCs Northport to go ahead with upgrade New steel for lighter intermodal containers launched Royal Caribbean, P&O Princess to merge - New entity with $ 6 bn market capitalisation will be world's biggest cruise ship company Tanzania launches first marineresources Atlas Port Klang, PMA in information exchange agreement for traffic boost China sees cargo boom with WTO entry, FDI inflow Straddle carrier supply contract for Kalmar Container boost for Le Havre P. K. Srivastava, R. L. Pai at the helm of INSA Dumping duty on NTCF under review Opportunity to display Indian products with export potential at Osaka ATC Kandla Port's new single day record in DAP handling VPT set to convert giant berths into pvt-operated container terminal - 2 bidders shortlisted Need for new cargo handling kits at ports seen Role for pvt. players seen in future rail projects Konkan Rly may bag projects in Iraq Exim Bank to provide credit line to more L. American nations Spindle-based duty to Cenvat preferred Textile zone in Jetpur soon, says Minister LNG policy awaits Cabinet nod Govt hikes drawback rates, value caps on 29 export products TEA seeks GSP for apparels Hosiery units seek MDA hike National database on Customs valuation being developed Foreign Trade Analysis: Current Policy & Procedures SCM in e-era: IIMM convention from Nov. 30 Sinha to open Ficci AGM on December 5-6 20-member US team arrives on business CII charts out a new course; identifies real threat

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NOVEMBER 27, 2001
Chile market review New prices from Argentinean ports Panama business as usual today, St Eustatius sells out Khelil threatens that OPEC could flood the oil market Oil ticks higher on US-Iraq conflict about next oil-for-food term Brazil bunker price update Montevideo and Alpha Zone bunker prices Bunker price indications from Russian ports Accident at Lithuania's Butinge terminal, oil leaks into Baltic Sea Rotterdam morning market report IPE appoints Complaints Commissioner

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MK Airlines loses its B747-246F TNT Lojistik takes over Cargotech UASC joins Inttra Emirates launches new flights Contaz Line now also to Teesport Exel and Philips Medical Systems cooperate Descartes with higher turnover EIB loan for Havre Korean Air expand network to China New player in the North Atlantic Inland shipping freight market, week 47, 19th/23rd November, 2001

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NOVEMBER 27, 2001
Memorial services set for wife of Seattle Port Commissioner Matson cuts full point from fuel service charge It takes a ton of trucks to bring turkeys to Thanksgiving Tacoma port board approves $63.6 million operating budget Rail freight counts mixed during week ending November 17

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Riley says terror will not destroy Lloyd's PROPHETS of doom predicting the demise of Lloyd's have been rebuffed by the insurance market's chairman. Enterprises hits at bondholders over arrested Canmar Supreme ENTERPRISES Shipholding, the Restis family company which defaulted on its junk bonds, has issued a point-by-point denial of damaging allegations from a group of disgruntled bondholders with which it is embroiled in litigation. Three lines breathe new life into first conference THE world's oldest liner shipping conference looks set to gain three new members.

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NOVEMBER 27, 2001
Unions dispute ship work plans Maersk serves 'strategic' Ushuaia Dutch tighten inland navigation rules Star's move hands Silja a problem Kværner's yards 'face challenge' Anchor causes sparks in Malta Four bidding for Setùbal terminal American P&I clubs members K-Line/Yang Ming plan new services Japan chalks up record orders Visakha to name operator this year Babcock to bag all of HDW Bareboat charter scam alleged Panama rail link opens for freight Nego Kim to get temporary repairs

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NOVEMBER 27, 2001
O'Neill calls for streamlined trans-border trade Treasury Secretary Paul O'Neill embraced a new vision of trade that would significantly expedite the movement, and reduce the cost, of goods crossing borders. Hutchison inks China port expansion deal The port operator will help develop the largest container facility in Shenzhen, adjacent to Hong Kong. Port operator warns of box exodus if UK proposal is scuttled Britain's largest container port operator said that the United Kingdom risks losing a large share of container traffic to rival continental European ports if its planned megaport on Britain's south coast isn't approved.

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K Line va lancer un service pendulaire USA/Asie/Europe Malgré les circonstances difficiles qui prévalent dans les secteurs transpacifique et Europe/Asie, les armements n’hésitent pas à lancer de nouvelles initiatives. Ainsi, Kawasaki Kisen Kaisha (K Line) prépare activement la mise en place d’un service pendulaire hebdomadaire entre la côte ouest de l’Amérique du Nord, l’Asie et l’Europe (nord et sud). Qu’on se rassure: il ne s’agit pas d’un nouveau service supplémentaire, mais d’une mutation. Le redémarrage d’un Swisscargo ‘light’ se rapproche Le redémarrage des activités de Swisscargo n’est plus une utopie. Depuis que Crossair a annoncé que Swisscargo va reprendre la commercialisation de ses activités fret, un redémarrage de la division fret de Swissair semble proche. Une solution semble également se préciser pour les autres filiales de Swissair, quoi que certains observateurs restent critiques à l’égard du modèle 26/26. Intertrans lance son projet ‘étoile’ à Vilvorde L’entreprise belge Intertrans est particulièrement active: ayant débuté ses activités d’expédition dans le transport routier intra-européen, l’entreprise s’est ensuite concentrée sur le Benelux en tant que prestataire de services logistiques spécialisé dans les activités à grande valeur ajoutée et la gestion de la chaîne d’approvisionnement. Outre l’activité logistique, les divisions de fret aérien et maritime et de transport routier se sont progressivement développées comme des activités à part entière d’Intertrans. Témoin de cette évolution, la filiale qui sera créée l’anné prochaine et qui assurera la gestion d’un réseau intra-européen homogène en forme d’étoile. Dans ce contexte, Vilvorde fera fonction de premier hub belge. Rationalisation sur la route Europe/sous-continent indien Il y a quelques jours à peine, à l’issue du sommet indo-européen de New Dehli, le Premier ministre fédéral belge Guy Verhofstadt, qui assume actuellement la présidence de l’Union européenne, a laissé entendre que le commerce entre l’UE et l’Inde pourrait doubler d’ici cinq ans, passant de 25 à 50 milliards d’USD, et qu’on pouvait songer à une levée totale des barrières tarifaires de part et d’autre. Les milieux du liner qui assurent le transport de ces échanges, sont cependant confrontés à la réalité du moment, qui est que l’exploitation des services de ligne sur cette liaison est fortement déficitaire. A telle enseigne que des opérateurs commencent à se retirer, comme vient de le décider Cosco.

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NOVEMBER 27, 2001
Buyer snaps up Renaissance ships Early reports indicate another five ships in the collapsed cruise owner's fleet have been sold. K Line extends mega boxship deal Line aims to get lucky with 13th vessel for joint service with Yang Ming. Tonnage tax for Latvia The Latvian government is trying to boost national register with corporate and personal tax rejigs. Lasco eyes more tankers Fresh from buying three products carriers from Tsakos, the Latvians are considering ship orders next year. Feline STS planned The tanker markets might be going nowhere just now but one seagoing cat probably does not think so. Hellenic sale to HDW hits snag Greece may reopen talks with Tavoularis if German deal falls through. 3 Maj wins vote of confidence Shareholders are backing Croatian yard's bid to stay afloat, rather than force it into bankruptcy. NedshipBank takeover hits DVB Ship finance acquisition pushes German bank's costs up by $11.6m. Lloyds study rates LNG safety record Risk assessment work for energy company Tractebel LNG gives gas carriers clean record. Paris MOU snags Frontline OBO Some 150 vessels were detained at Paris MOU ports during the month of October. OMI signs with MarineProvider US tanker fleet joins e-commerce venture's list of top clients. South African venture moves into tankers Black empowerment company teams with Unicorn to build product carrier fleet. CSSC adds two in Caspian Sea Caspian Sea Shipping Co has boosted its general cargo fleet with Dutch purchases. NYK's Asuka hit by bulker No casualties as Japanese cruise ship collides with small bulker off Kobe. Henriksen company ups Kvaerner stake Former Trader Navigation chairman Erik Henriksen's Sabaro has built on its Kvaerner holding. Engineers flown to stranded Frontline VLCC No decision yet on next moves for fully laden tanker until blast damage assessment complete. Fesco targets fleet renewal Russia's Far Eastern Shipping wants to spend its profits on new ships next year. Stolt-Nielsen to help subsidiary's share buy-back deal Tanker owner could spend $65m on Stolt Offshore shares to support its purchase of stock from Vinci Group. Details emerge on BG newbuilding contract Tailor-made LNG deal allowed owner cancellation flexibility to accommodate need for early delivery. Brazil's Promar bags offshore newbuild Rio yard inks second order since Aker Brattvaag took majority stake.