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Shipping News

INDFEX members defend its second India-China service
BACKERS of the INDFEX consortium, which inaugurated its second service between India and China recently, have defended the service, citing its long-term potential and opportunity to segment the service until through-cargo volumes pick up.
Rotterdam signs up for US Container Security Initiative
Shanghai gets 17b yuan loan to build deep-water port
P&O Nedlloyd sets up logistics division
China unveils details on opening transport links with Taiwan

Air and Land Transport

EasyJet may place US$6b order for 120 planes
EASYJET is negotiating with Airbus SAS and Boeing Co over what may be the biggest airplane purchase of the year, 120 jetliners valued at US$6 billion, people familiar with the negotiations said.
FedEx to earn less than forecast in first quarter
Boeing won't display planes at air show
Air China makes profit despite fatal crash
Qantas to build non-aviation revenues

web site

Shipping News

INDFEX members defend its second India-China service
BACKERS of the INDFEX consortium, which inaugurated its second service between India and China recently, have defended the service, citing its long-term potential and opportunity to segment the service until through-cargo volumes pick up.
Rotterdam signs up for US Container Security Initiative
Shanghai gets 17b yuan loan to build deep-water port
P&O Nedlloyd sets up logistics division
China unveils details on opening transport links with Taiwan

Air and Land Transport

EasyJet may place US$6b order for 120 planes
EASYJET is negotiating with Airbus SAS and Boeing Co over what may be the biggest airplane purchase of the year, 120 jetliners valued at US$6 billion, people familiar with the negotiations said.
FedEx to earn less than forecast in first quarter
Boeing won't display planes at air show
Air China makes profit despite fatal crash
Qantas to build non-aviation revenues

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Maersk Logistics opens unit in New Zealand Vancouver reports record box volume shipments FedEx overhauls brokerage & forwarder subsidiary Exel maintains positive 2002 trading outlook

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JUNE 26, 2002
FedEx down on current result Shares in Federal Express fell more than 14per cent after the company said current quarter earnings, the June-August period, would be between 40 and 50 cents a share, compared with an initial consensus of Wall Street of 57 cents. Schenker opens in Madrid Schenker's Spanish subsidiary Schenker, S.A. has recently opened its new logistics facility located next to the Corporate Office and the already existing logistics center in Madrid. New Otal agent in Russia OT Africa Line's presence in North West Russia and the Baltic ports has been strengthened with the appointment by the line's German agent, Ernst Glaessel GmbH, of a new sub-agent based in St Petersburg, Dealex Ltd. Brussels critical about French postal authority The European Commission decided to make a formal request to France to ensure that the national regulatory authority for the postal sector is independent of the public postal operator. KLM Selects GE Engines KLM selected GE Aircraft Engines to power 13 new Boeing wide body aircraft. APLL and Legend together in China APL Logistics (APLL), the logistics arm of the NOL Group, and Legend Group Holdings Limited (LGHL please see attached LGHL introduction), one of China's leading corporations, have announced the development of a joint venture to provide supply chain services for China's IT businesses. Brussels takes Spain to the Court of Justice Today the European Commission decided to bring an action before the Court of Justice regarding restrictions on freedom to provide maritime transport services imposed by Spain in the Vigo estuary in Galicia.

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Patel Engineering Works awarded coveted ISO 9001-2000 certification Cabinet clears way for lower insurance costs of shipping Shipping Ministry names 2 labour trustees on KPT Board India to sell 2.5 lakh tonnes of rice to Philippines under barter deal worth Rs 211 cr EU conveys move to slap import duty on basmati MMTC targets at exporting 1 m tonnes wheat this year Incentives offered to Indian businessmen to invest in Dubai TMIL begins operations at Paradip, Haldia ports Fresh feasibility study on Vizhinjam port development likely Dr A. K. Chanda at KoPT helm Brand rate of drawback to be available on self-certification Govt to allow 100 pc FDI in tea plantations ECGC announces new facilities for exporters, banks Proposal to set up Rs 179-cr fisheries products EPZ Mitsubishi only foreign co. in race for STC stake Increased funding for agri research vital, says study Exim Club appoints new Executive Committee

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JUNE 26, 2002
US Gulf markets rise on resupply costs, tight avails in New Orleans Demand slows down on the US East Coast Ecuador price update from Vepamil Delays expected in Panama, St Eustatius s/e Avails improve in Montreal Ecuador price update from Navipac African market report from GAC Turkish bunker company opens Istanbul branch Fujairah steady to soft this Wednesday Suez bunker avails improved Several talking points at OPEC meeting Afternoon Rotterdam market report from Marine Bunkering Crude rally runs out of steam on outlook for more supply from Iraq and Russia African markets East and West Coast steady to soft Big US crude draw still leaves stocks healthy Mixed Saudi posted prices, avails still tight in Jeddah for some suppliers Bunker prices from Russia and Ukraine

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Thomas Cook orders two new Airbus A320s KLM selects GE Engines to power widebody aircraft in USD 250 million engine order OTAL appoints new agent in Russia European Investment Bank will provide EUR 60 million for motorways in Croatia New website for European Cargo Services EIB assistance for Swedish road projects Schenker opens new logistics centre in Madrid

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JUNE 26, 2002
Milestone dates set for Halter Marine sale Bollinger's offer for Halter Marine could be challenged at an auction next month. Coast Guard awards $16.95 billion Deepwater contract A contract awarded to Integrated Coast Guard Systems (ICGS), a joint venture established by Lockheed Martin and Northrop Grumman, is the largest ever for the U. S. Coast Guard.

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JUNE 26, 2002
Coast Guard spending $16.95 billion on upgraded equipment/systems Port of Rotterdam will participate in Customs' Container Security Initiative Ready Reserve Force vessel heading to Pearl Harbor naval exercise Record box count crosses docks at Port of Vancouver, BC Aviation council looking to offer global aviation war risk insurance

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Hutchison hits TT Club with Wavelength switch THE embattled transport mutual insurer, the TT Club, has been stung by the departure of the world's largest port investor and one of its biggest clients, Hutchison Port Holdings. Ship shares roll with the fallout from WorldCom AS GLOBAL markets were rocked yesterday by the $3.8bn WorldCom accounting scandal, shares on the LL-Bloomberg Top 50 Shipping Index rolled with the punch, losing only 12.5 points or 1.5% on the day, writes Rob McKay . Brussels cuts subsidies in Korean yards battle BRUSSELS has agreed a compromise package of possible subsidies for beleaguered European shipyards in the commercial battle against South Korean rivals. Russia startles Opec meeting by raising outputs OPEC's uneventful quarterly meeting was overshadowed by Russia's announcement that it intends to raise output by 150,000 barrels per day in the third quarter, pushing crude markers to new lows. 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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JUNE 26, 2002
Korean yards going strong Thailand port chief quits Incat optimistic on sale Cochin port boycott from July 1 Retirement proposal rejected US West Coast gloves are off Bergesen to focus on LNG Capesize cover rules 'inadequate' Shipping an FTAA winner: Fairplay Brisbane cruise terminal next year Northrop wins massive USCG order Al-Najat prepares for August Unions incensed by Yarra's return Italian tanker venture launched Dolphins faces safety prosecution Box ports exceed handling target Thailand to insist on CIF contracts Frontline still believes in pools Third Disney still over the horizon Odfjell halts Chilean port work

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JUNE 26, 2002
ILWU, PMA exchange charges Port labor and management fired off conflicting statements just five days before the expiration of the current West Coast contract. Singapore upping competitive ante To meet the challenge of competing ports, Singapore will offer lines dedicated terminals and stakes in PSA Corp., its largest terminal operator. Coast Guard awards $17B revamp The agency's largest-ever contract goes to Northrop Grumman and Lockheed Martin for new ships, planes and communications equipment. Weblog: Mineta says Amtrak solution near 2Q loss for Stolt-Nielsen Results for the chemical tanker division were off, and the sale of two U.S. terminals hurt revenue. Teamsters make new UPS proposal FMC extends TSA investigation Benefits, not technology, PMA's focus: ITF FedEx back in good graces despite outlook More steel products excluded from import curbs Hyundai expands Asia-Australia service Record profits, new name for Hapag-Lloyd parent Kearns, D.F. Young chairman, dies Neiman Marcus chooses Qiva Redevelopment for Bayonne military land

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Le Havre “Port 2000”: Hutchison s’annonce comme 4e candidat Au Havre, les travaux de construction des nouveaux terminaux à containers à marée, prévus dans le cadre du projet “Port 2000” se poursuivent activement. En 2003, quatre premiers postes à quai de 350 m seront prêts, ainsi qu’une grande partie de la digue protectrice. Jusqu’à présent, sur la dizaine de candidats qui se sont présentés trois dossiers avaient été retenus. Un quatrième vient de s’y ajouter; celui de Hutchison Westport Ltd, qui fait l’objet d’une étude approfondie de la part de la direction du Port autonome, qui vient par ailleurs d’écarter un certain nombre de candidatures. Le conseil d’administration d’ABX Logistics Belgium a été désigné Les noms des membres du nouveau conseil d’administration d’ABX Logistics Belgium ont été annoncés mardi dernier, après la clôture de notre édition. L’entreprise (l’ancien Dubois Belgique, qui a été mise en “veilleuse”) doit par la suite être transformée en société de holding d’un ABX Logistics filialisé (qui est encore une division de la SNCB à l’heure actuelle) et des diverses filiales d’ABX à l’étranger. Première constatation: les nominations n’ont pas un caractère trop politique, quoi que la ministre Durant ait fait en sorte que le futur président et administrateur-délégué (probable) Etienne Schouppe aura deux chiens de garde à ses côtés. Londres va investir 5 mio. de GBP dans la sécurité au terminal de Fréthun Le Royaume-Uni est prêt à porter une partie des coûts visant à optimiser la sécurisation du terminal ferroviaire à Fréthun, près de l’entrée du tunnel sous la Manche du côté de la France. Les Britanniques sont disposés à libérer 5 mio. de GBP afin de réduire le flux de réfugiés qui envahissent l’île depuis cet endroit. La gendarmerie a dû dégager l’accès au Mont-Blanc par la force Deux convois de poids-lourds ont pu emprunter le tunnel du Mont-Blanc après une intervention des forces de l’ordre. Celles-ci ont dû faire usage de grenades lacrymogènes au cours de la nuit de mardi à mercredi pour repousser 200 manifestants qui bloquaient la rampe d’accès au tunnel du Mont-Blanc à Chamonix. La France tient en effet à respecter ses engagements vis-à-vis de l’Italie. Rome, de fait, voit son économie souffrir gravement des problèmes de transit alpin. Le gouvernement italien a d’ailleurs accentué sa pression sur la Suisse pour que la situation au tunnel du Gothard s’améliore.

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JUNE 26, 2002
Hornbeck-Leevac drops Arthur Andersen The New Orleans-based shipowner opts for Ernst & Young as replacement. Tanker redeliveries hit Stolt-Nielsen End of time charters and restructuring costs drag owner to interim loss. Intertrad in for Marsano ro-paxes Italian newcomer offers $66m for two long-delayed ferries at Poland's Szczecin yard. Fesco revises profits forecast Russia's Far Eastern Shipping expects to make more money this year than originally expected. Singapore stake not a priority for NOL Shipowner re-negotiating prices with PSA Corp in bid to stay at port of Singapore. Terminal operator buys into Lasco Ventspils Nafta takes a stake of 31% in privatised Latvian tanker owner. Tranz Rail scraps ferry plan New Zealand shipowner believes Wellington to Nelson service would run at a loss. ThyssenKrupp close to sealing HDW share deal German yard group looks set to splash cash on 15% holding in Kiel shipbuilder. Keppel Philippines in share buy-back Manila-listed shipbuilder and repairer sanctions further move to enhance shareholder value. Incat close to life saving sale Receiver for troubled Australian fast ferry specialist says it is close to clinching crucial sale.