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APL gets set for trade boom in Vietnam
APL's early Vietnam gamble looks set to pay off as the container carrier gears itself for a trade boom expected to flow on from the looming Vietnam-US bilateral trade agreement.
Work on PSA's Incheon terminal begins
S'pore ship pays 1m pesos to clean up Davao oil spill
Global slowdown hits containerships
Daewoo chief quits after convictions
ITF threatens worldwide action against Kaliningrad
Call to tackle EU crew shortages

Air and Land Transport

Airlines knew about clot risks 30 years ago: report
INTERNATIONAL airlines were warned about the dangers of 'economy class syndrome' more than 30 years ago but failed to caution passengers, a report here said Saturday.
World economic slowdown will not impact SIA's fleet strategy
HK court rejects Cathay pilots' request for injunction
Washington challenges UAL's US$12.3b US Airways deal
UK air traffic control in private hands

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Shipping News

APL gets set for trade boom in Vietnam
APL's early Vietnam gamble looks set to pay off as the container carrier gears itself for a trade boom expected to flow on from the looming Vietnam-US bilateral trade agreement.
Work on PSA's Incheon terminal begins
S'pore ship pays 1m pesos to clean up Davao oil spill
Global slowdown hits containerships
Daewoo chief quits after convictions
ITF threatens worldwide action against Kaliningrad
Call to tackle EU crew shortages

Air and Land Transport

Airlines knew about clot risks 30 years ago: report
INTERNATIONAL airlines were warned about the dangers of 'economy class syndrome' more than 30 years ago but failed to caution passengers, a report here said Saturday.
World economic slowdown will not impact SIA's fleet strategy
HK court rejects Cathay pilots' request for injunction
Washington challenges UAL's US$12.3b US Airways deal
UK air traffic control in private hands

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JULY 28, 2001
Carriers try N.A.-Europe hike - again The Trans Atlantic Conference Agreement has announced an eastbound tariff general rate increase. Anniversary finds ILWU facing more challenges As the union celebrates the birthday of founder Harry Bridges, it is again confronting the challenges of automation on the waterfront. Terminal shuffle in So. Cal. A joint venture of Stevedoring Services of America and Matson Terminals will move into the Hanjin terminal at the Port of Long Beach in 2002. Senate backs Mexican truck rules Votes support proposed truck safety standards despite Republican delaying tactics. United, US Airways shelve merger Powell: Port security bill in-bond threat MTC parent acquires Ga. stevedore Tom Tjom, OOCL executive, dies Yellow Global debuts Web features New box service for Europe-West Coast Amtrak plans management cuts Bangor & Aroostook in sale talks New York/New Jersey speeds dredging US subsidies threaten Canadian ports: Report

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Vanguard Logistics advances Leif Hoegh on the right track Gemartrans in Cantho Chinatrans removal KN acquires USCO Logistics Brointermed appoints Ahlers Cosco trade volumes jump 12 pc Dragonair tipped for Taipei June cargo down at HKIA CAAC plan raises disputes

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JULY 27, 2001
NOL denies P&O Nedlloyd acquisition Inttra with air cargo EDI-partner Take-over British air control CSX net income almost double KLM adjusts European flights Lykes Lines cuts Gulf-Europe transit

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Cho Yang Shipping reopening intra-Asia service GE Shipping's Q1 net up by 27 pc Haryana business team leaves for China, Hong Kong and Malaysia P&Q permit system too time-consuming: Pulses importers Impact of NTBs on exports to be re-assessed Exporters seek quick release of drawback, DEPB credits - Fieo holds SOS meeting with Mumbai Customs chief Ipsta announces $-based trading in pepper futures BA, Lufthansa reduce business class fares from India Thai Airways to set up 4 new units DHL opens Al Ain air express centre Canada 3000 offers Toronto to Delhi twice weekly from Oct. U-Freight's New System To Inform On Shipment Delivery Bax Global's new firm ANA may buy Boeing cargo plane DominoCargos clears first air import consignment at ICD-Sabarmati AI to develop Chennai, Kochi as new hubs Agri task force report in 2 months Fiscal reforms bill to have 'best endeavour' clause High duty structure may hit textile exports, feel industry Exclusive FI to finance core sector projects sought RBI seeks details of banks' OCB exposures CITA report moots freeing controls on 3 agricultural products Rs 30,000 crore to be spent on farm growth Karnataka, German institute sign MoU for research centre I-T amendments notified Rs 97 crore for state governments to build export infrastructure State govt, Apeda plant seed for floriculture centre Handicrafts, gifts fair from October 15 Foreign Trade Analysis: Current Policy & Procedures

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JULY 27, 2001
New weekly global averages Russian IFO prices set to rise as refineries introduce new residual fuel for marine market Rotterdam fuel oil prices deflate with crude Bunker prices for Brazilian ports More keen selling brings Singapore cargo values down again Oversupply keeps prices low in Seattle and Portland Montevideo/Alpha Zone bunker prices Competitive prices fail to attract much demand on the US West Coast Bunker prices for Argentina US Gulf: Houston avails OK, New Orleans remains tight

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JULY 27, 2001
Pride gets platform rig contract Pride International, Inc. has entered into a contract with BP Exploration & Production Inc. for the engineering, procurement and construction, as well as the operation of the drilling facilities to be installed on a BP development project in the Gulf of Mexico. ITF declares São Tomé and Príncipe an FOC The ITF has declared the naval registry of São Tomé and Príncipe a flag of convenience

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Ports plan joint meetings on August 6 and 7 US port group members voice concern over Port and Maritime Security Act of 2001 U.S. Rail freight traffic was down slightly for week ended July 21st Coast Guard siezes Russian trawler for illegally fishing inside EEZ MARAD makes financing commitment for TOTE's new Roll-on/Roll-off Orca Class ship

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Russian Navy Day subdued as Kursk anniversary looms RUSSIA celebrated its Navy Day in subdued style yesterday, with events overshadowed by the first anniversary of the Kursk nuclear submarine disaster, in which 188 sailors died. The Northern... UK rig workers in tax victory An estimated 20,000 North Sea oil rig workers will benefit from a UK court ruling that could cost the Inland Revenue about £100m ($142m) in back-dated rebates. A ruling by three top Appeal C... Crewman indicted over tanker coke-bust A Peruvian electrician has been indicted in the United States on four federal counts of drug trafficking connected with the large shipment of cocaine discovered aboard the Cypriot flagged tanker Ar... Ocean Glory I case reaches High Cour UK tour operator Festive Holidays goes to the High Court tomorrow seeking the appraisal and sale of the ill-fated cruise ship Ocean Glory I which remains under arrest at Dover. Festive Holid... IRB fiasco forces Brazilian closures REINSURANCE firms are closing offices and reducing staff in Brazil as a result of the failure of the Brazilian Government to sell its remaining stake in monopoly reinsurer Instituto de Resseguros d...

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JULY 27, 2001
Danube shipping outlook optimistic Costa Tropicale refloated Title XI money for new ro-ro Festival confirms Cuba deal Work starts on Inchon box terminal HK export slide goes on China told to upgrade tanker fleet HK port traffic remains heavy Big boxers head for Brazil EC backs 14 per cent aid ceiling BA dredging row rumbles on WTO aids Indian steel exports SCI gears up for growth at Haldia African storms claim another ship Bremerhaven plans trapped in mud IACS toughens TOCA Daewoo chief steps down Santos calls crisis meeting

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JULY 27, 2001
FMC Sets Hearing Date For Florida Tug Squall Petrobras Announces Four Oil Field Finds Dry Bulk Rates Drop

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JULY 27, 2001
Genmar investors looking at $45m loss Genmar shares have shed almost $8 from its IPO price of $18 in June, with no bottom in sight. MC Shipping keeps sailing north The Monaco-based company made a $1.9m profit from sale of one containership and one LPG carrier. Universe Tankships to manage marine assets The new Houston-based outfit would take advantage of the recent energy market expansion. Deadline for joining UK tonnage tax passes Any UK shipowner who missed the boat on new tax regime could be counting the cost for years. Fred Olsen in the money Quoted companies report "magnificent" second quarter profit. Structural problems identified in port state detainees Port state control inspectors in the Tokyo MOU pulled in 121 vessels for detention during the month of June. Essar profits double Indian shipowner Essar Shipping is still riding high as it continues moves to spin off its tanker unit. Ferry firms win EU funding Grimaldi, Gorthon Lines and SuperFast are among the recipients of EUR 7.5m to help get road freight sea borne. ATI ready to splash the cash Philippines port operator Asian Terminals Inc is pressing ahead with expansion plans in Manila. Star Cruises buys elderly ferry Silja Line does a deal to sell 26 year old Wasa Queen. NYK bulkers sail for Singapore Plan to move ship management from Japan and Hong Kong will cost jobs. ValuShip picks Commonwealth Fledgling container line is using The Commonwealth Group as exclusive time charter broker. Daewoo replaces president as profit pours in Korea's Daewoo has put in a new top man, after its CEO Shin Young Kyun received a suspended jail term. New handysize bulker pool unveiled Three shipowners are joining forces to get a grip on the handysize log bulker sector. Genmar confirms aframax acquisitions The New York-listed tanker operator has reached the halfway stage of its ten ship-buying spree. Salomon mixed on leading US cruise stocks US investment bank upgrades RCL, but downgrades Carnival