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Shipping News

PSA can overcome Pelepas threat
PSA Corporation should be able to withstand and overcome the competition posed by the young Malaysian upstart Port of Tanjung Pelepas , shipping executives and analysts say.
Chinese stowaways nabbed in Turkey
LT, CMA CGM team up on trans-Pacific

Air and Land Transport

US airlines face Q1 losses of over US$2b
WALL Street expects major US airlines to report more than US$2 billion in first-quarter losses this week even as the aviation industry steadily recovers from the weak economy and the steep travel slump that followed the Sept 11 attacks on the US.
Some rivals match Continental's higher fares
New security equipment for New York City's airports
US discount carrier JetBlue soars on debut
Log Book

web site

Shipping News

PSA can overcome Pelepas threat
PSA Corporation should be able to withstand and overcome the competition posed by the young Malaysian upstart Port of Tanjung Pelepas , shipping executives and analysts say.
Chinese stowaways nabbed in Turkey
LT, CMA CGM team up on trans-Pacific

Air and Land Transport

US airlines face Q1 losses of over US$2b
WALL Street expects major US airlines to report more than US$2 billion in first-quarter losses this week even as the aviation industry steadily recovers from the weak economy and the steep travel slump that followed the Sept 11 attacks on the US.
Some rivals match Continental's higher fares
New security equipment for New York City's airports
US discount carrier JetBlue soars on debut
Log Book

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Alameda Corridor to streamline Los Angeles freight Shanghai reports rapid growth in container throughput Fruit and vegetable exhibition to be held in Yantai APL wins Baxter Healthcare's supplier award Imports, exports show stronger growth in March at HKIA Airbus' A340-600 visits China Dubai and Casablanca linked

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APRIL 12, 2002
United wants more Bush-aid United Airlines is considering applying for assistance under the federal government's $10 billion guarantee loan program, as it prepares to unveil another large loss next week. Hein to retire form P&O board P&O announces that Richard Hein will be retiring from the Board as from this year's Annual General Meeting on 17th May. More traffic British airports BAA, the UK airport operator, reported its second successive month of growth in March since the US terrorist attacks, in line with the tentative recovery in global air traffic. Greece dismisses advisor Greece has ended its cooperation with international adviser Credit Suisse First Boston after failed efforts to sell troubled national carrier Olympic Airways. Airbus portrays Boeing staffing as excessive Airbus said Boeing would have to cut up to 15,000 jobs beyond the 30,000 positions it is already eliminating to equal productivity at Airbus. Share-issue SAS The Board of Directors of SAS decided to issue 2,683,604 new shares in SAS AB. Schenker glad with GF-X Schenker has now fully committed to participate in Global Freight Exchange having experienced the benefits of the system in New York, London and Hong Kong.

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A.P. Moller profit up by 9 pc in 2001 GSC to sign charter pact with Oman on LNG Laxmi Shipping needs level playing field: IMA London chief New grains issue prices effective only from May 11 Textile exporters unhappy over DEPB rates Hopes soar on 4 million tonnes rice export in 2002 Indonesia to supply more palm oil to India Concor to run direct weekly trains from Northern ICDs to Kandla Port soon GCPTCL's state-of-art facilities lure more POL traffic Steps to ensure fuller use of Madurai ICD discussed IWT system best option to road, rail transport, says Goyal Foreign airlines keen to increase frequencies to India Malaysia, Japan to finance road links to Haldia ECGC introduces 'non-recourse' factoring services INSA finds fault with TAC's new rating guidelines SA seeks infrastructure expertise of India NHAI wants to bring out tax-free bonds India attaches strings to duty-free import from Bangladesh Rakesh Mohan to quit as FM's advisor on May 15 Spices Board to take part in 9 global fairs

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APRIL 12, 2002
BUNKERDESK - A very successful launch Chile market report from PMC Piraeus market report from Aegean Sluggish market in Suez New Venezuelan regime seen as blow to OPEC compliance Singapore ends week with hard fall in MGO, softer IFO prices Rotterdam morning market report Pacific Northwest market report Los Angeles and San Francisco market report

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APRIL 12, 2002
RailAmerica sells Shortline Alameda Corridor is now open GF-X announces successful, on-time release of new functionality Air France, Lufthansa and British Airways commit to GF-X Exel works for Coors Booze logistics for the churches KLM Cargo introduces fuel surcharge Analysts warn of $2.2bn loss for US airlines Christian Salvesen cautions on profits

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APRIL 12, 2002
USCG selects next First District Commander Rear Admiral Vivien S. Crea has been selected to become the 38th First Coast Guard District Commander French firm unveils its strategy to build next British carriers A group led by French defense contractorThales (the one-time Thomson-CSF) yesterday announced its strategy for the shipbuilding phase of the U.K. MoD's future carrier (CVF) program-using U.S. oil patch expertise. EC starts "detailed" probe of Carnival's Princess bid Saying that there are "serious concerns," the European Commission has launched a detailed investigation into the proposed takeover of P&O Princess by Carnival Corporation. SeaWave completes state-of-the-art station, appoints new sales director Maritime wireless communications specialist SeaWave has completed a new, state-of-the-art communications station and hired former Cruisephone VP Chuck Gibson as director of sales

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APRIL 12, 2002
Port of Grays Harbor ads agricultural firm as tenant US railroads post losses on all fronts during week U.S. Transportation Secretary bringing cash to Portland Airport Panama Canal Authority receives 10 new towing rigs DOT taps TRW Inc. to assess port vulnerability

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US Senate to press for global security regime LOUISIANA senator John Breaux will introduce sweeping new legislation this week, challenging the international community to develop a new maritime security regime while enabling the US to go it alone if those efforts fail. Pressure mounts on AP Møller to be more open over finances AP Møller is under fire from a leading Danish securities firm for ignoring the investment community's demands for greater financial transparency, writes Janet Porter. OECD in crackdown on substandard shipping MARINE insurers should refuse to pay the fines of shipowners found guilty of safety or pollution-related offences, a group of leading industrial countries is recommending as part of a new crackdown on substandard shipping. Bumper bonus for Clarksons' top broker CLARKSONS has put the "rich" into Richard Fulford-Smith with a bonus of more than '1m for the company's leading sale and purchase broker.

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APRIL 12, 2002
Angry relatives allege cover-up Docenave achieves profit turnaround Essar Shipping widens its focus Panama transits, revenue decline Carnival firm despite P&O probe Newbuilding prices slip lower Tokyo threatens over steel tariffs Shenzhen ports take HK business US port security to be assessed German boxship owners form fund Detained ship to be auctioned Karachi's Afghan role to continue Club to appeal in Grecia case Korean lines to impose $50 hike TACA members hike US inland fees Safety ignored, say ferry survivors Tuticorin brings in PSA Corp Utmost good faith 'being eroded' Durban given another chance P&O Australia's Hein to retire MISC plans redundancies Chavez goes, oil flows Singapore suspends bunker licence US clarifies stand on visa waivers

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APRIL 12, 2002
NY int'l. air cargo plunged in Jan. A strong dollar and global economic woes hit air freight shipments at New York's hubs. Supertanker rates in free-fall Rates retreated to their lowest levels since the mid-1980s after OPEC said it has no plans to pump more oil to make up the shortfall caused by Iraq's suspension of exports. ' TACA bunker fee \| Hutchison Ports eyes India March gains buoy Montreal outlook An official with the Port of Montreal is predicting a return to expansion in the second half of 2002. Mineta opens Los Angeles rail project Teamsters' Hoffa to sit in on West Coast port talks TRW to perform U.S. port security reviews Schenker committed to online air marketplace Vastera expands in Brazil Shanghai exports surge in 1Q Feds name PA police chief as JFK security director NYK Logistics chooses Provia St. Petersburg reefer project completed JPMorgan Chase selects TradeCard

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APRIL 13, 2002
Feport: au marché de décider le nombre d’opérateurs portuaires... “Feport est d’avis qu’il devrait être laissé au marché le soin de décider combien d’opérateurs sont nécessaires par port et dans le cas d’abus de position dominante, les règles de concurrence devraient s’appliquer”. C’est ce qu’a déclaré Paul Valkeniers, président de Feport, la Fédération des opérateurs portuaires privés, lors de la convention Marilog qui s’est tenue tout récemment à Hambourg. Les trains de marchandises dépassent de loin les 8 km/h de la Commission européenne... Il n’est pas rare d’entendre la commissaire européenne aux Transports et à l’Energie Loyola de Palacio et ses adjoints parler avec dédain de la vitesse des trains de marchandises en Europe. Son prédécesseur Kinnock parlait encore de 16 km/h, elle descend même à huit km/h. Il est tout de même bon de savoir que tous les trains ne circulent pas à cette vitesse, loin s’en faut. La reprise de Keulders est un fait Dans notre édition d’hier, nous annoncions que dans le cadre de la vente par appartements du groupe français Vialle, Gilbert Keulders, l’ancien propriétaire de la société de transport du même nom, allait probablement racheter son anciennen entreprise. “C’est fait”, nous a-t-il déclaré hier au téléphone. Il a précisé que beaucoup d’énergie devra désormais aller à la restauration de la confiance des clients, des fournisseurs et du personnel. Il voit toutefois les choses d’un très bon oeil, car depuis la restructuration d’il y a un peu plus d’un an, la société est saine et bénéficaire.

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APRIL 12, 2002
Tanker stock mixed despite low rates Frontline stock has fallen by about $2 since early March to $10.44. Fulford-Smith continues to reap rewards Total amount paid to Horace Clarkson director almost tripled in 2001. Tropical Shipping expands market share The Caribbean's largest container carrier gets bigger with latest acquisition of Tecmarine Lines' assets. Panama Canal sees slower traffic Revenues in October-March fell by $6.6m from a year ago to $12.3m. Nordic American suffers weaker earnings First quarter freight earnings fell to the $22,000-per-day floor price. Tanker loading to resume in Venezuela Priority will be given to domestic tankers to stock up dwindling supplies. Torm chairman to retire Erik Behn ends long relationship with Danish tanker owner. Actinor loan crisis deepens Norwegian owner needs fresh equity to avoid banks pulling loans. Severnaya closes on Czech Republic order Russian yard chief Boris Kuzyk hopeful of going ahead with ships-for-debt deal. VLCC rates hit 15 year low Fearnleys warns large tanker outlook bleak after "disastrous week." Tasmania ferry row rumbles on Rival owners accused of threat to reduce services if state buys two Superfast ferries. Irano Hind hunts for VLCC New Indian offshoot seeks secondhand tanker for Persian Gulf trade. Hong Kong detentions continue at low level Port state control officials hauled in three ships during March.