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Shipping News

Russian ports get set to handle higher box volumes
RUSSIAN ports are gearing up to handle growing volumes of import and export cargo in containerised form, as well as eyeing a share of the cargo flow between Europe and Asia through a new Caspian Sea project and existing ports on the Kamchatka peninsula.
Five lines in Asia- Australia trade to swap slots
Troubled ferry builder Incat will rebound quickly: chairman
Kuehne & Nagel's profit up 28%

Air and Land Transport

Swiss orders 14 A340 wide-body jetliners
AIRBUS SAS won an order for 14 wide-body planes from Swiss Air Lines, as Crossair AG is to be renamed next month, the Swiss carrier said.
Korean Air, Asiana cabin crews to carry stun guns
PAL sees profit in fiscal 2003
Delta CEO pockets 72% less cash last year
US airlines to get millions in tax refunds from law change
UPS mechanics reject tentative contract

web site

Shipping News

Russian ports get set to handle higher box volumes
RUSSIAN ports are gearing up to handle growing volumes of import and export cargo in containerised form, as well as eyeing a share of the cargo flow between Europe and Asia through a new Caspian Sea project and existing ports on the Kamchatka peninsula.
Five lines in Asia- Australia trade to swap slots
Troubled ferry builder Incat will rebound quickly: chairman
Kuehne & Nagel's profit up 28%

Air and Land Transport

Swiss orders 14 A340 wide-body jetliners
AIRBUS SAS won an order for 14 wide-body planes from Swiss Air Lines, as Crossair AG is to be renamed next month, the Swiss carrier said.
Korean Air, Asiana cabin crews to carry stun guns
PAL sees profit in fiscal 2003
Delta CEO pockets 72% less cash last year
US airlines to get millions in tax refunds from law change
UPS mechanics reject tentative contract

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U-Freight establishes logistics subsidiary in Hong Kong Confidence in Hong Kong strong: HAFFA IBM awards Maersk Logistics three-year contract Foreign investment encouraged in China transportation HHLA wins award for best European terminal operator CSA offers daily Guangzhou to Ho Chi Minh City service HKIA to introduce surcharge Lockheed to modernise en route air traffic control system

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MARCH 26, 2002
IBM awards Maersk 3-year contract Schenker for sale Take-over Spanish road-toll operator 15.000 jobs exit at British Post UPS bosses satisfied with themselves New Asian-Australian shipping service

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Seaways Shipping starts container services via Paradip Port IBM Corporation awards Maersk Logistics 3-year contract Car exports, led by Ford Motor, zoom by 105 pc TAMP makes fresh bid to work out efficiency-linked tariff - Major Ports' box terminals Powerloom textiles export target set at $ 1 bn Govt not to extend EOU sops to top exporters Heartening signs of economic recovery witnessed Norms for EPCG, DFRC schemes may be relaxed Govt plans to restructure export promotion councils Group to monitor export strategy formed Govt relaxes BG norms for garment exporters Export norms for exhibition goods simplified FAPCCI's new premises BCC&I to hold seminar tomorrow - 'Privatisation of Ports-Experience & Expectations' Chemexcil export awards function today

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MARCH 26, 2002
Truly Global Bunker Service puts Bunkerworld Firmly in Front Chile report from Coastal Petroleum Product avails now very tight in Argentina, improvement expected for early April Crude build, product draw forecast for APIs, price largely steady Iraqi oil set to flow from Ceyhan again Prices rise in busy Montevideo market Bunker prices from Russian ports this week Rotterdam morning market report EasyScreen Commits to connecting to IPE Argentina: Refineria San Lorenzo out of IFO till further notice

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Hamburger Hafen- und Lagerhaus-AG: «Asian Freight Industry Award» Sassnitz: 2001 throughput up Higher tonnage for Wismar Port and Navigational Authority in Lower Saxony: electronic registration T&B for JC Penny DPWN and DHL: law-abiding Iata revises forecasts DoT: an ultimatum to Japanese all-cargo carriers Plane Handling for Swiss Menzies for El Al

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MARCH 26, 2002
More FGH yards to go? If the bankruptcy court signs off on the reorganization plan filed by Friede Goldman Halter, it's likely that the relaunched Friede Goldman Offshore and Halter Marine units envisaged will be somewhat slimmed down. V. Ships aims at offshore The V.Ships Group, the world's largest provider of ship management and related services, has formed a new company to further develop its involvement in the offshore industry worldwide.

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Largest double-hull tanker near to launch THE largest double hull tanker ever built is edging closer to operation, with the official launch of the Hellespont Alhambra now set for April 3, in Dubai. USCG dismisses pleas for secrecy THE US will continue to push hard for transparency of vessel ownership as part of a new international maritime security regime, despite mounting opposition from the world's shipowners. Top Saudi Arabian line pulls out of box trades SAUDI Arabia's leading shipping line has sold its three containerships and will now withdraw from the box trades. Maersk Sealand shocks with forecast of loss MAERSK Sealand is forecast to slide into the red this year, dashing hopes that the container shipping trades are over the worst.

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MARCH 26, 2002
Dubai Drydocks gate collapses US shore leave faces curbs Pilots condemn EU liberalisation Weak peso hits Argentine shipping New US port security hearing Qasim prepares for night ops End to Russian port delays promised MCA targets tugs Customs chief vows get tough policy Hong Kong ponders maritime role Thailand cancels Ellicott contract More flexible Kerguelen flag Marseilles clears LNG plan H&W future still in doubt Forth turns in record performance No appeal by FEFC Asia-Australia lines reach swap deal Kia Motors to invest in box berths Guayaquil dredging put on hold Panama ro-ro probe demanded Hyundai Heavy delivers 1,000th ship

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MARCH 26, 2002
A.P. Moller forecasts loss Sinking container freight rates led the parent of Maersk Sealand to forecast a "minor negative result" this year on slightly lower revenue. Noise rules could hit Euro air cargo European shippers are bracing for a shortage of heavy-lift capacity as the EU's controversial jet noise rules will ban some older Russian airplanes as of April 1. No-strike deal for Korea ports The government of South Korea and port unions have signed a no-strike pledge that could boost the country's aim to become the region's largest transshipment hub. UPS aircraft mechanics reject pact Houston sees record grain volume Hyundai deploys larger vessels to Portland FedEx opens Taiwan transshipment center Wallenius Wilhelmsen tabs new S. American hub Yellow Corp, launches Web logistics unit Texas channel project completed FedEx Custom Critical appoints CIO Stonepath Group's loss narrows Maersk Data USA, Equant in network deal

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MARCH 26, 2002
Bank freezes Pertamina's funds The Indonesian tanker charterer refuses to pay $261m court arbitration award. Finnhawk free to unload Greenpeace protesters delayed UK-registered ro-ro cargo vessel from discharging for two days. China explains new shipping law China's new maritime law fulfills its WTO entry requirement. Moller predicts liner losses Danish shipping giant's new-look results reveal weakened tanker and liner performance. CP Ships boss gets $1m reward The monetary reward is for the successful breakup of Canadian Pacific last year. Cocaine found aboard US-owned cargoship Miami customs officers find $7.1m of drugs in containers aboard the Linaki. Norden banks on period cover Danish owner logs record returns but expects to see profits axed by more than two thirds this year. COSCO cooperates with Japanese lines Chinese boxship owner is swapping slots with the Japanese big three on Australian routes. Stolt Offshore scrapes into profit First quarter result improves by $15m for offshore shipowner. Oman and MOL sign up for second LNG carrier Sultanate signs MOU with Japanese shipping company to order 145,000-cbm ship in Japan. Jinhui plans share shake-up to free funds Hong Kong owner will slash issued capital to give it option of paying off losses. Owner cleared of scuttling George Ventouris wins long battle over sinking of Grecia Express. HMM homes in on key car carrier contract Korean owner bullish on lynchpin deal to cement car carrier unit sale to Wallenius Wilhelmsen. WG&A back in the money Expanding Philippines ferry owner recovered from poor 2000 to post profit last year. UK detains errant bulkers Port state control inspectors detained 20 foreign flagged ships during February. CSDC profits up on tanker binge But stock dives on news of big losses at 25%-owned China Shipping Container Lines. SembCorp Marine inks Atlantis acquisition Singapore firm buys remaining stake from ST Marine and merges it with neighbouring yard. Republic of San Marino joins IMO Europe's third smallest nation lifts membership of UN body to 162