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Shipping News

PSA in box security initiative with 2 rivals
IN a port industry first, PSA Corporation has joined forces with its two key rivals - Hutchison Whampoa Ltd and P&O Ports - to get the ball rolling on stringent container security enhancements being demanded by the US.
EU slams US' plan to screen 3 European ports
Salvage work continues on tanker wreck
Fourth addition to NOL fleet this year

Air and Land Transport

HK airport staff sacked over security lapses
SEVERAL security staff at Hong Kong's international airport have been fired after they failed secret tests carried out by the firm responsible for keeping the airport safe from terrorist threats, a report said yesterday.
US govt can intervene in Sept 11 lawsuits: judge
Boeing merging space, military units
US Airways pilots forego some job security under deal
Eurotunnel expects to break even
MAS to fly direct to Colombo

web site

Shipping News

PSA in box security initiative with 2 rivals
IN a port industry first, PSA Corporation has joined forces with its two key rivals - Hutchison Whampoa Ltd and P&O Ports - to get the ball rolling on stringent container security enhancements being demanded by the US.
EU slams US' plan to screen 3 European ports
Salvage work continues on tanker wreck
Fourth addition to NOL fleet this year

Air and Land Transport

HK airport staff sacked over security lapses
SEVERAL security staff at Hong Kong's international airport have been fired after they failed secret tests carried out by the firm responsible for keeping the airport safe from terrorist threats, a report said yesterday.
US govt can intervene in Sept 11 lawsuits: judge
Boeing merging space, military units
US Airways pilots forego some job security under deal
Eurotunnel expects to break even
MAS to fly direct to Colombo

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HK Port and Maritime Board makes appointments Ecu-Line opens up in Casablanca BNSF upgrades management software service SAS Group's growth in line with forecast SIA takes top award from Aviation Week & Space Technology New training facility in Saudi

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Dockwise completes delivery of 10 container cranes Foreign firms may be allowed higher stake in SCI CII team to persuade UK to reconsider travel advisory Paradip Port Trust readies Rs 100-cr scheme to deepen harbour, widen navigable channel BHEL enters ports sector New edible oil handling record set at JN Port Govt prefers JV route to airport privatisation Air Cargo Agents' Assn to hold convention in Colombo 3 SEZ proposals forwarded to Karnataka govt for clearance RBI eases foreign currency a/c norm for SEZ unit ISO figures confirm economic recovery Definitive dumping duty on Vitamins mooted Indian companies to take part in European events Enron, Xerox affairs underline importance of corporate governance, feels CII Mumbai Customs launches air cargo website: www.accmumbai.gov.in

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JULY 12, 2002
Oil rally continues as Venezuelan oil union threatens to strike Durban: No fuel oil quoted till next week Poland: IFOs out, more news on Monday IEA downgrades 2002 oil demand forecast, but sees 1990s style growth return in 2003 Rotterdam morning market report from Marine Bunkering Crude oil at 2-month high as political pressure builds in Venezuela France gives up TFE rights Out goes retro-pricing for Iraqi oil? Brazilian bunker prices remain steady

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JULY 12, 2002
PetroLesPort JSC, St. Petersburg, posts first half year results RTW Air increases network CMA CGM and HAPAG LLOYD sign agreement on new joint service British Airways: new codeshare agreements with Iberia OOCL appoints new agent in Mexico Seawheel launches new roll-on roll-off service Boeing upgrades South African Airways' 747s with Millennium Interior Swiss Post to take full control of capital of logistics company Setz Gütertransport AG Swiss transport and logistics company PESA looks back on a successful year Good start for DVB Bank AG

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JULY 12, 2002
Turf battle threatens Coast guard movet A House panel has voted to keep the Coast Guard out of the proposed new Department of Homeland Security Northrop Grumman delivers sealift ship Navy and builder's sea trials combined

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JULY 12, 2002
Army decision gives Merchant Mariners military funeral honors at Arlington Cemetery Corps' contractor will pump dredged sand onto Benson Beach Hanjin completes vessel upgrades in China-Europe Express Service Michael Adams joins Port of Tacoma as chief of engineering department Railroad freight continues up during Fourth of July holiday week

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Kvaerner sees Color of money in Masa-Yard deal COLOR Line, the privately-held Norwegian ferry operator, has signed a letter of intent for a E 300m ($297m) cruise ferry with Kvaerner Masa-Yards in Finland. France could use 'Dad's Army' to boost inspections France's top maritime organisation has suggested drafting in retired merchant navy volunteers to lift the country from bottom place for vessel inspections at European ports, writes Andrew Spurrier. Advocacy groups try to block Princess bids TWO powerful advocacy groups in the US have urged the Federal Trade Commission to block the competing bids by Carnival and Royal Caribbean on P&O Princess, writes Rajesh Joshi. Cargo ship black box plan hits a red light Pressure from Britain for all cargo ships to be retrofitted with black boxes has run into resistance, writes Our IMO Correspondent . Lloyd's List Focus- Maritime security under the spotlight LLOYD'S List has made the whole maritime security issue one of its highest priorities, and you will find below a number of the articles that tackle this crucial issue.

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JULY 12, 2002
Vietnam plans transhipment hub Brazil fails to salvage contract Barcas to boost Rio ferry links Lankan bunker supplier acquired Abandoned Ukrainians finally paid Container optimism is premature Panama hike reason 'unconvincing' Russian yards in billion-dollar feud Unions plan Cochin SBM protest Italy widens Morocco ferry concern Tanker decline cuts Suez revenue IEA bullish for 2003 oil demand Indonesians join forces East Asians harmonise procedures Victoria restructures state ports Baltic cruises in terror threat USCG to remain within DOT One missing as ship catches fire Koreans no longer going to sea Kunsan set to complete berths Bids called for Laem Chabang MISC keeps box option open

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JULY 12, 2002
Angst over West Coast talks As shippers fret over a lack of progress in negotiations, a new deadline could heat up talks between waterfront employers and the International Longshore and Warehouse Union. Forwarders blast IATA rate plan Outrage over a plan that could raise rates on apparel, shoes and toys by as much as 20 percent. UPS sees earnings trimmed in 2Q The weak domestic economy and an uncertain labor outlook led to a drop in earnings at United Parcel Service during the second quarter. Anti-terror squeezing Euro port box space Big risks for small carrier Tankers brace for rate hit Plan to aid jams at US-Canada gateway APL Logistics in China automotive venture Pacer signs plastics deal Atlas Air parent names VP, treasurer

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JULY 12, 2002
Low gas prices fail to derail US LNG projects Most US energy companies do not expect domestic gas demand to remain weak for too long. Better times ahead for Sea Containers Higher demand for container leasing and ferry service may help push turn around weak financial results. Carnival details POC takeover expenses The $30m expenditure will be written off if hostile takeover of P&O Princess fails. Color Line opts for Masa-Yards Norwegian ferry line to build world's biggest cruise ferry at Finnish yard. New York ferry firm shows positive outlook This is despite $2.6m net loss posted in first quarter of 2002. France chided for bad ship inspection record France's ship inspection record has surprisingly not improved since Erika incident in 1999. Bank prevails over shipowner Ravi Mehrotra loses long running legal battle over drillship sale. Mitsui signs for Omani LNG ship Japanese owner and trading house opt to take 25% stake in Oman LNG newbuilding. Herning expands with Unifleet five Danish tanker owner buying ships it time-charters from Dutch company. Excalibur freed from Enron Exmar wrests back control of its LNG carrier newbuilding but now it needs to refix it. Red faces in India over "Al-Qaeda" ship Indian Coast Guard unaware "abandoned&aquot; vessel's crew airlifted to safety by US aircraft. MISC ditches Arthur Andersen Malaysian shipping line joins growing list of defectors from disgraced auditing firm. New chairman for Gard Services Shipowner John Hatleskog takes the helm of marine insurance joint venture. Oasis Leasing to step up shipping presence Abu Dhabi investment firm has $1bn to spend - and is mulling further shipowning deals. Phil Anderson moves up Loss prevention pioneer gets reward for a decade of effort. Chemical tanker suffers engine room fire One crewmember missing as Singapore suffers second maritime casualty in less than a week. K Line takes 100% of Taiyo Nippon Japanese giant mops up remaining shares in major shipowning unit to simplify accounts. Hapag-Lloyd expands in America German line links with France's CMA-CGM to launch north-south service. Panamax products tankers surge in 2002 Under performing crude freight rates wet owners' appetite for heavy ordering of product carriers.