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Shipping News

Shipping industry keen on 'PSA stakeholder' idea
A surprised shipping industry is keen to hear further details about the possibility of becoming stakeholders in PSA Corporation, an idea mooted by Prime Minister Goh Chok Tong last Friday.
Warships providing escort through Straits
Asian feeder group to raise emergency bunker surcharge from next month
IMC Hldgs moves closer to delisting
Guangzhou Line is overdrawn Shipyard forecasts H1 loss
Vietnam to boost shipbuilding

Air and Land Transport

Boeing looks to defence unit for growth
THE worst airline slump in a decade is not turning out so bad for Boeing Co chairman and chief executive officer Philip Condit.
China defends pilot
UAL's first quarter loss widens to US$510m
M'sia acts to prevent airport thefts
US, Japan sign pact to promote tourism, boost travel industry

Features

HK waterfront to be enhanced
IN a classic case of nothing's ever too late, Hong Kong is set to beautify its well-endowed but neglected harbour in a bid to woo more merry-makers to its world famous resource.

web site

Shipping News

Shipping industry keen on 'PSA stakeholder' idea
A surprised shipping industry is keen to hear further details about the possibility of becoming stakeholders in PSA Corporation, an idea mooted by Prime Minister Goh Chok Tong last Friday.
Warships providing escort through Straits
Asian feeder group to raise emergency bunker surcharge from next month
IMC Hldgs moves closer to delisting
Guangzhou Line is overdrawn Shipyard forecasts H1 loss
Vietnam to boost shipbuilding

Air and Land Transport

Boeing looks to defence unit for growth
THE worst airline slump in a decade is not turning out so bad for Boeing Co chairman and chief executive officer Philip Condit.
China defends pilot
UAL's first quarter loss widens to US$510m
M'sia acts to prevent airport thefts
US, Japan sign pact to promote tourism, boost travel industry

Features

HK waterfront to be enhanced
IN a classic case of nothing's ever too late, Hong Kong is set to beautify its well-endowed but neglected harbour in a bid to woo more merry-makers to its world famous resource.

web site

Shipping News

Shipping industry keen on 'PSA stakeholder' idea
A surprised shipping industry is keen to hear further details about the possibility of becoming stakeholders in PSA Corporation, an idea mooted by Prime Minister Goh Chok Tong last Friday.
Warships providing escort through Straits
Asian feeder group to raise emergency bunker surcharge from next month
IMC Hldgs moves closer to delisting
Guangzhou Line is overdrawn Shipyard forecasts H1 loss
Vietnam to boost shipbuilding

Air and Land Transport

Boeing looks to defence unit for growth
THE worst airline slump in a decade is not turning out so bad for Boeing Co chairman and chief executive officer Philip Condit.
China defends pilot
UAL's first quarter loss widens to US$510m
M'sia acts to prevent airport thefts
US, Japan sign pact to promote tourism, boost travel industry

Features

HK waterfront to be enhanced
IN a classic case of nothing's ever too late, Hong Kong is set to beautify its well-endowed but neglected harbour in a bid to woo more merry-makers to its world famous resource.

	web site

Hong Kong, Japan spearhead Seafarer Group Shanghai leads China's logistics surge Atlantic deal prompts withdrawal of weekly services Rate hikes for paper, timber Cosco and NYK to partner in logistics services Aussies crack down on container security Danzas Group earnings surge 40.7 per cent Swift opens in Lusaka SAS Group to drop 7 routes and streamline traffic system

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APRIL 22, 2002
Vopak to split-off chemical distribution Vopak announced today that the chemical distribution activities will be split-off into a separately listed Dutch company. In this scenario Vopak will continue with the tank storage and related logistics activities. Norway to keep SAS stake Norway unveiled a sweeping plan on Friday to trim its holding in industrial group Norsk Hydro, but said there would be no quick sell-off and that it would keep its stake in airline SAS. Volvo loss Swedish heavy engineering group AB Volvo today reported a net loss of SEK746 million for the first quarter of 2002, slightly better than its SEK801 million loss a year ago. Airfreight up in Asia-Pacific region For the third month, air cargo volume in the Asia-Pacific has raised, Airwise News reports after surveying airlines and airports in the region. US banks consider UK rail financing Babcock & Brown and Morgan Stanley are in talks with the UK government about a plan to finance more than '30bn ($43.4 billion) of private investment in the UK railways. Nearly half a billion loss United United Airlines will ask its workforce for wage concessions this week as the world's second-largest carrier gave the clearest signal yet that it would apply for government loan guarantees, after announcing huge losses. US West Coast container imports slowed Containerized imports at West Coast ports slowed down in March, indicating that February's surge in cargo volume may have been an one-month phenomenon.

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MoS appoints 2 more freight forwarders for govt cargo from/to Europe Govt to allow 25 pc tonnage disposal in SCI after sell-off High cargo insurance costs to be reviewed: Pinto Vizag Port OHC now functioning smoothly Shell to shell out Rs 3,000 cr. for Hazira project Kolkata Port Trust relaxes curbs on containers handling at Haldia dock Kandla Port Trust sets yet another cargo handling record - 724 mt heavy machinery loaded on to m.v. Love Song Kapil Rawat sees vast growth potential at ICD-Aurangabad S-E Rly to start more container specials from Vizag in July Forex reserves continued to surge ahead in the new year 24 pc increase in export of engineering services CII moots changes in Finance Bill provisions WB:India keeps up 5.9 pc growth; remains 4th largest economy Sinha: 2-tier duty may be adopted before 2004-05 Good scope for tapping specialty chemicals in AP Early tightening of anti-dumping rules unlikely Govt frees year's entire onion export quota of 7 lakh tonnes - Following Food Ministry's recommendation... SEZs to be allowed to sell surplus power AEPC notices may further hit exports: CIAe Textile Ministry gives green signal to apparel parks in Surat, Ghaziabad First Singapore-India Investment Forum to meet tomorrow Clinton to be chief guest at 'Invest India' forum's dinner

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APRIL 22, 2002
Montevideo prices subject to availability as heavy demand takes its toll Arab Gulf markets see firm start to the week Brazil bunker price update OPEC Secretary-General Ali Rodriguez to head Petroleos de Venezuela SA Rotterdam morning market report

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APRIL 22, 2002
BAX Global offers MyRMA online New terminal for Lübeck Slight improvement for Kiel TX Logistik for Wacker Chemie DTC wins Bavarian Quality Prize 2002 Alloga: stake in Loxxess Pharma Panopa: ten years in Werdohl TMV-Transpetrol: up to speed Matra: Well bedded 25 years Nordisk Express

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Dubai Makes a Mark Among Cruise Ship Stops KPA Introduces Rules to Hasten Clearance We're Too Poor to Compete, Ugandan Clearing Agents Say OECD Tells Insurers to Discipline Errant Shipowners

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Panama Canal boss in Europe to defend sweeping changes SHIPOWNERS face a fundamental shake-up in the system of Panama Canal tolls, which are certain to mean an increase in the amount they pay for transits. Lauritzen Kosan steps on the gas with Tarquin quartet Lauritzen Kosan, one of the world's leading operators of small gas carriers, has expanded its fleet by the acquisition of four vessels operated by Tarquin International, writes Tony Gray. Singapore tempts lines with port stakes THE prime minister of Singapore, Goh Chok Tong, has hinted that shipping lines may be offered stakes in PSA Corp in an effort to defend the city-state's regional maritime hub status. Listing plan puts $1.5bn price tag on John Wood JOHN Wood Group, the Aberdeen-based international energy services combine, has unveiled plans for a London flotation which could value the group at around $1.5bn, writes Tony Gray.

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APRIL 22, 2002
Drifting tanker causes concern Hutchison in Panama dispute MOL to beat deadline for double-hulls Malaysia plays down navy escorts CMA CGM ship banned from US waters Oslo bourse seeks shipping traders Spanish set up LNG venture Pilotage report exonerates ABP Food aid delays 'cause suffering' Congress fights for yards' survival China's steel exports plunge Five bid for Tuticorin dredging Germans urge re-think on yard aid Vagna builds on Caspian growth Vopak to hive off chemicals NZ to revive lamb exports to Iran MISC agrees Mid East joint venture H&W solution now urgent Singapore responds to Pelepas Hutchison ends Progreso fight Stowaways rescued from 'coffin' MSC threatens to leave La Spezia Two held for murder on VLCC Sammarina suspends ro-ro operation Korea clears ship finance entity Suspended officers reinstated UN finds Liberian discrepancies Carnival fined for dumping waste

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APRIL 22, 2002
EU sanctions threaten recovery in trans-Atlantic container trades The European Union lays plans to retaliate against Washington's steel import curbs. Singapore doesn't see Malaysia threat to PSA Corp.'s dominance Singapore's prime minister says that the country's largest terminal operator isn't in danger of losing its status as the region's key transshipment hub. USFreightways posts $77M loss The less-than-truckload, forwarding sectors hit results. Rate increase for USSEC Antwerp sees March box gain BNSF, NS offer coast-to-coast intermodal guarantee ICTSI planning Suape start-up Kuehne & Nagel name global business execs Panalpina planning India expansion West Coast employers charge slowdowns by dockworkers West Coast container imports slowed in March UAL has $487M loss Argentina hit by truckers strike

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Le secteur fluvial belge réclame une solution au manque de matelots Le manque persistant de matelots qualifiés dans la navigation rhénane et fluviale belge depuis plusieurs années commence à avoir des conséquences dramatiques. “La capacité de transport des vraquiers et citerniers internationaux battant pavillon belge a diminué de 25 à 50% en t-km, parce qu’ils ne peuvent participer à la navigation en continu par manque de matelots et doivent se contenter de naviguer maximum quatorze heures par jour. D’autre part, les bacs de poussage ayant passé le contrôle technique pour naviguer avec quatre bacs de poussage doivent se limiter à pousser deux bacs et voient ainsi leur capacité de transport et rendement baisser de 50%”, déplore l’Union d’armateurs belges de navigation fluviale et rhénane (VBR). Contship Italia lancera cet été son projet trans-européen intermodal “Hannibal” Les premières annonces sur le “projet Hannibal”, une liaison ferroviaire à travers les Alpes entre l’Italie et les marchés européens, datent déjà d’il y a deux ans, mais il semble que le projet sera désormais lancé définitivement. A partir du deuxième semestre de cette année, trois trains bloc seraient alignés par semaine. C’est ce qu’a déclaré Guiliano Alberghini, managing director de Contship Italia (CI), lors du symposium de l’ITMMA organisé à Anvers la semaine dernière. Gyor-Gönyu compte sur sa connexion belge Le port intérieur hongrois de Gyor-Gönyu, qui a récemment été aménagé le long du Danube, voit l’avenir avec optimisme grâce à l’intérêt qu’il suscite en Belgique. Il existe déjà un trafic de machines agricoles entre Gand et le port, qui mène en outre des négociations avec le spécialiste belge des vracs alimentaires Agro-Maas et qui a signé un accord de coopération avec le NV Zeekanaal. Vopak intègre la distribution chimique dans une entreprise séparée Hier, Vopak a confirmé qu’il va détacher ses activités sur le plan de la distribution chimique. Elles seront intégrées dans une société néerlandaise distincte cotée en bourse. Vopak poursuivra ses activités d’entreposage citernier et les activités logistiques qui en découlent”, indique un communiqué. Une assemblée générale extraordinaire devra se prononcer sur cette scission d’ici la mi-juin. L’ensemble du processus pourrait être finalisé d’ici fin juin.

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APRIL 22, 2002
Investment group buys Seabulk stock A total of 1.6m shares was bought at $4.85 per share for investment on 15 April. USCG locates drifting Indonesian tanker An abandoned dog aboard the ship was rescued after crew was picked up 19 days earlier. CSX gets earning boost from marine unit Marine operations contributed $12m to the company's first quarter earnings. Superfast Ferries rejigs deployment The fast ferry operator will begin new two-ship service between Scotland and Belgium in May. Blue Star goes German Hamburg based venture to manage five Hyundai newbuildings. Low rates slash Wan Hai Lines' income Taiwan's third largest container line reported 66.6% drop in 2001 net income. Gorthon cautiously optimistic But Canadian newsprint manufacturers could deliver bad news. Klaveness profit slips back Norwegian owner says 2001 result "acceptable" considering market conditions. Singapore port fights back The local government may allow liner companies to buy PSA Corp's shares. Polar Holding reverts to Rieber Norwegian cargoship and survey vessel owner has a new but familiar name on Oslo exchange. Asian feeder group hikes prices Higher bunker prices prompt Samudera and others to raise their charges per box. Lauritzen buys Tarquin ships Four LPG carriers acquired by Unigas two weeks ago are again changing hands. MISC pairs up with Bakri Malaysia and Saudi partners eye chemical tanker expansion. Guangzhou Shipyard remains in red Chinese yard slashed losses in 2001, but still expects deficit in first half this year. DFDS adds fifth at Flensburg Danish owner's newbuilding programme continues with ro-ro number five. Scrap prices climb Breakers claim another LPG ship while fresh VLCC sales are under negotiation. Port company sale saves CMB profit Asset sales mask red ink of Belgian owner's tanker and bulker arms. Vopak to split in two Dutch giant spinning off chemical distribution, but Vopak Chemical Tankers is staying put. Kawasaki inks midget LNG carrier order Growing demand for gas prompts domestic owners to order tiny carrier.