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Japan yards report record orders for quarter
THE seven main yards in Japan - the world's second-largest shipbuilder after South Korea - have reported orders in the first fiscal quarter higher than at any corresponding time since 1996.
Shenzhen emerges as hub for sea trade
Ships meet protest flotilla in Tasman Sea
Two ships distressed in high seas off S. Africa

Air and Land Transport

US airlines cut fares up to 40% in panic mode
AMERICAN Airlines, United Airlines and other major US carriers slashed fares as much as 40 per cent to lure travellers, a move that may add to industry losses that exceeded US$1.4 billion in the second quarter.
Airbus upbeat ahead of show at Farnborough
Boeing awarded US$23m US air security contract
Virgin Atlantic seeks 3rd weekly flight to India
N. Korean pilots' friendship wave
Log Book

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Shipping News

Japan yards report record orders for quarter
THE seven main yards in Japan - the world's second-largest shipbuilder after South Korea - have reported orders in the first fiscal quarter higher than at any corresponding time since 1996.
Shenzhen emerges as hub for sea trade
Ships meet protest flotilla in Tasman Sea
Two ships distressed in high seas off S. Africa

Air and Land Transport

US airlines cut fares up to 40% in panic mode
AMERICAN Airlines, United Airlines and other major US carriers slashed fares as much as 40 per cent to lure travellers, a move that may add to industry losses that exceeded US$1.4 billion in the second quarter.
Airbus upbeat ahead of show at Farnborough
Boeing awarded US$23m US air security contract
Virgin Atlantic seeks 3rd weekly flight to India
N. Korean pilots' friendship wave
Log Book

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OOCL launches direct Setouchi - Haikou service, expands Marseille container negotiations open Jaxport gets new director of Latin American sales Air NZ keeps Airbus well on delivery track America West to serve 5 new cities Continental Airlines reports $35m second quarter loss

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JULY 19, 2002
Positive trend DaimlerChrysler In the second quarter of 2002, DaimlerChrysler said it continued the positive trend of the first quarter, despite the generally difficult market conditions. Good result Southwest The strength of low-cost airlines during the slowdown, was underlined as Southwest Airlines reported a $102 million second quarter 2002 profit, in contrast to bigger US rivals, such as American, which have reported heavy losses this week. Loss for result Northwest Northwest Airlines Corp reported a second quarter net loss of $93 million or $1.08 per common share. Danzas' names US security director Danzas named Arthur G. Arway to the post of Security Director, Americas and will be based at the North American headquarters in Newark, NJ. Laccona from EGL to Italian forwarder EGL's coo Giorgio Laccona has left EGL Inc. to become president of Italian-based forwarder Savino Del Bene USA Inc. Laccona (44), joined EGL in December 2000 as chief operating officer-international, but said he left the company on July 6 because his family did not want to move to Houston, where EGL is based.

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Kochi firm seeks to enter inland waterways sector via JV with IWAI EU may compensate Indian textile export trade for giving better deal for Pakistan Gems, jewellery exports may rise in July-Sept. Bangla bans Indian milk powder, sugar via 6 land routes 30 pc rise in IT exports projected Euro lures jewellery exporters to EU countries Kenya beckons Indian entrepreneurs Coir products record 19 pc growth during April-June WTO disputes panel slam US anti-dumping law on steel imports - Victory for 11 complainant countries, including India Philippines buys more rice from India India may sign MoU with Bangladesh for limited gas supply Vizag Port Trust board revamped Capacity of berth-8 at Tuticorin Port to treble Major Ports register 16.5 pc growth in traffic during April-May 2 new rail zones to be operationalised from Oct. 1: Nitish Concor, Transworld Group to join hands for seamless logistics solution - Ex-ICD Nagpur to Bangladesh direct via Haldia Port Petronet plans to construct another Kandla-Bhatinda pipeline IOC to supply petro-goods to Positra SEZ Phase I of Vizag SEZ to be ready by 2003 MIDC decides to invest Rs 5 cr. in Nagpur international cargo hub project Foodgrains exporters reap a bonanza Import of low caratage gold may be allowed: DGFT chief Kalam right man for President: Fieo Vice-Chancellor moots skills-oriented studies at 'Careers Unlimited' seminar US eases tariff curbs on 14 more steel products

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JULY 19, 2002
Daily Bunker market report from Praxis Energy Agents: Friday Poland: Bleak prospects for the return of Porta Baltic OPEC faces up to Russia Ecuador: Navipac S.A. celebrates 50th Anniversary and ISO 9002 Certification Prices rise as bunker avails tighten in Tokyo Bay Australia: Changes after company takeover Daily Bunker market report from Praxis Energy

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JULY 19, 2002
Breakthrough for Smedvig $73 million deepwater contract for semi-tender Aid for Polish yards The Polish government has come to the aid of its battered shipbuilding industry Loy to head TSA Former Coast Guard Commandant James Loy is to succeed John Magaw as head of the new Transportation Security Administration

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JULY 19, 2002
Hanjin begins new service linking Chinese ports to Portland Oil Spill Task Force announces Legacy Award winners Magaw steps down, Loy steps in as Under Secretary of Transportation for Security Carload and intermodal rail counts continue up during week FAA looks to Boeing for airspace security concepts

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Lightning sparks Escravos blaze A huge fire that broke out at ChevronTexaco's main export terminal in Nigeria on Saturday was under control yesterday. Owners and shippers unite against Panama transit toll hike Shipowners and exporters from South America have slammed plans to raise Panama Canal tolls by up to 16% at a time when global economic recovery is in doubt and freight rates are languishing at loss-making levels. Optimism over $1bn LNG deal lifts Samsung share price An injection of "gas" has lifted Samsung Heavy Industries' share price last week, writes Tony Gray. Cosco and Evergreen in union battle THE US divisions of Cosco and Evergreen are battling an aggressive unionisation drive by the International Longshoremen's Association AFL-CIO, the trade union that represents dockers along the US east coast, Great Lakes and Canada.

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JULY 19, 2002
Rio cleans collision spill Outgoing minister faces dilemma Lanka launches new bunker supplier Icebreaker nears trapped Magdalena Miami busts document-forging ring US union targets Cosco employees Expanding stevedore seeks investors Colombo to cut workforce by third Marseilles boosts hinterland links Basque tonnage tax this autumn Larnaca redevelopment closer Nino master to be airlifted ashore HBOS emerges as Brilliance lessor Crude Ocean deaths investigated New Libaek design finds interest Food aid vessel on the rocks Philippines tackles smuggling EC clears SNCM restructure aid Concor imposes congestion surcharge France in the dock over asbestos Extra security funding for US ports China to study US box initiative ILWU clarifies stand on technology Global Carriers set for debt deal Grounded ANL boxship refloated

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JULY 19, 2002
Talks resume for West Coast labor, employers ahead of ILWU meeting But it's unlikely the International Longshore and Warehouse Union will have a contract proposal in hand when it convenes a caucus in San Francisco on Monday. United parent has $392M loss Capping a week of dismal earnings reports from the nation's airlines, UAL Corp. said it lost $392 million, or $6.99 per share, in the second quarter. Laccona quits EGL Giorgio Laccona is named president of Italian-based forwarder Savino Del Bene USA Inc. Record orders for Japan shipyards as Korea slumps Matson reduces Sea Star stake Profits off, USFreightways will sell forwarding unit Yellow Corp. profits better Panalpina appoints new CFO More exemptions for imported steel Atlas adds 2nd 747 freighter More port privatization coming: ICTSI exec Swiss WorldCargo signs with GF-X, others USCO wins JC Penney contract

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JULY 19, 2002
CMB suffers net loss Belgian owner posted second quarter losses in dry bulk, tanker and gas sectors. EC approves SNCM rescue A $23m loan to keep Mediterranean ferry line afloat gets the green light. Two buyers bidding for Halter Marine Auction results for Halter Marine are expected on 23 July. Small-cap fund targets OMI shares New York-listed OMI stock trades less than book value. OOCL goes direct to Haikou Hong Kong container line claims a first for its service to Chinese port. Final contenders vie for Irving VLCCs Shortlisted buyers inspect second of two large single-skin tankers that are up for grabs. Costis Peraticos suspect in custody Alleged member of November 17 terror group "confesses" to part in Greek shipowner's murder. Salvage team prepares to refloat Nino Weather improving as giant Smit tug heads for Columbia tanker grounded off South Africa. Nenaco edges into the black Philippine ferry owner makes slim quarterly profit after series of big losses. Petrobras pushes out old tonnage Brazilian owner puts suezmax up for offers as it renews its fleet with newbuildings. ANL boxship refloated off Australia Hull of ANL Excellence intact and no other damage reported after grounding incident at Brisbane. Two dead in Greek tanker incident Steam burns seamen as Metrostar aframax sails off Venezuela. Tanker Pacific ship held in UK Port state control inspectors log 14 detentions during June.