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Shipping News

IMO gives 6 months' grace on STCW cert
THE International Maritime Organisation has extended this Friday's deadline for seafarers to obtain proper training certification under a revised international convention, citing lengthy administrative delays.
US Navy storms 2 ships in the Mediterranean
Support for voluntary third tier oil spill liability structure
Indon ship sinks on way to Batam
Tg Pelepas port takes delivery of 2 quay cranes

Air and Land Transport

Cap on foreigners' share in China airlines raised to 49%
FOREIGN companies will be able to take stakes of up to 49 per cent in China's domestic airlines, against the current 35 per cent, once the ongoing restructuring of the industry is complete, the China Daily reported, citing Civil Aviation Authority of China minister Liu Jianfeng.
China to cut aircraft orders over next 4 yrs
Govt extends third party insurance cover to SIA, units
Britain considers proposal to build 3 runways: reports
Korean Air to add Europe flights for World Cup fans
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Features

Sound advice on ship finance in M'sia, Spore
THE voice of experience often gives the soundest advice, and it is also the case with books catering to professionals, that those with greater experience are likely to provide a better guide for the subject matter at hand.

web site

Shipping News

IMO gives 6 months' grace on STCW cert
THE International Maritime Organisation has extended this Friday's deadline for seafarers to obtain proper training certification under a revised international convention, citing lengthy administrative delays.
US Navy storms 2 ships in the Mediterranean
Support for voluntary third tier oil spill liability structure
Indon ship sinks on way to Batam
Tg Pelepas port takes delivery of 2 quay cranes

Air and Land Transport

Cap on foreigners' share in China airlines raised to 49%
FOREIGN companies will be able to take stakes of up to 49 per cent in China's domestic airlines, against the current 35 per cent, once the ongoing restructuring of the industry is complete, the China Daily reported, citing Civil Aviation Authority of China minister Liu Jianfeng.
China to cut aircraft orders over next 4 yrs
Govt extends third party insurance cover to SIA, units
Britain considers proposal to build 3 runways: reports
Korean Air to add Europe flights for World Cup fans
Log Book

Features

Sound advice on ship finance in M'sia, Spore
THE voice of experience often gives the soundest advice, and it is also the case with books catering to professionals, that those with greater experience are likely to provide a better guide for the subject matter at hand.

web site

Shipping News

IMO gives 6 months' grace on STCW cert
THE International Maritime Organisation has extended this Friday's deadline for seafarers to obtain proper training certification under a revised international convention, citing lengthy administrative delays.
US Navy storms 2 ships in the Mediterranean
Support for voluntary third tier oil spill liability structure
Indon ship sinks on way to Batam
Tg Pelepas port takes delivery of 2 quay cranes

Air and Land Transport

Cap on foreigners' share in China airlines raised to 49%
FOREIGN companies will be able to take stakes of up to 49 per cent in China's domestic airlines, against the current 35 per cent, once the ongoing restructuring of the industry is complete, the China Daily reported, citing Civil Aviation Authority of China minister Liu Jianfeng.
China to cut aircraft orders over next 4 yrs
Govt extends third party insurance cover to SIA, units
Britain considers proposal to build 3 runways: reports
Korean Air to add Europe flights for World Cup fans
Log Book

Features

Sound advice on ship finance in M'sia, Spore
THE voice of experience often gives the soundest advice, and it is also the case with books catering to professionals, that those with greater experience are likely to provide a better guide for the subject matter at hand.

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New HKCTOA chairman predicts 'hub status' MISC and OOCL boost co-ordinated services in Europe Hong Kong Marine Department in open and shut case Jurong Port picks up pace Singapore Airlines puts off delivery of Boeing aircraft United offering non-stop flights between DC and Dusseldorf K&N stretches to Mongolia

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JANUARY 28, 2002
Vopak sacks boss in big trouble 'Deutsche Post facing huge penalty' Price joint venture too high, say BA/AA Open Skies UK and USA on hold MISC and OOCL announce coordinated services in Europe CP Ships profit down Main autoroute France floated Merger Danzas Japan sealed

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Cuba seeks closer trade ties with India MinMetals strikes $ 125-m deals with Indian cos Tariff reforms will have to be in phases: Rly Minister Multimodalism has bright future: AMTOI Vice-President - AMTOI Lecture Series evokes immense response Concor to commission Bhusawal Container Terminal today CWC earns Rs 73.33 cr. net profit Forex reserves shot up Northwards by $ 628 million to $ 48,927 million RBI relaxes delinquency norm for farm loans RBI revises SSI rehabilitation norms Minister moots cess to build corpus for AEZs development Report on SSI sector to be ready by March-end Haryana targets Rs 10,000-cr. exports CLRI-NEDFi bid to promote leather sector Sinha clarifies on peak customs duty cuts Mumbai Varsity to organise 2-day trade seminar

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JANUARY 28, 2002
Crude prices rise on evidence that OPEC has actually cut supplies Increased activity and bunker prices in the Arab Gulf, mixed avails Korean market opens week firm after Singapore gains Singapore leads the way higher after slow week Mixed sentiment in crude market after week of gains Lintec calls for commonsense sampling Rotterdam morning market report Bunker fuel contamination levels at which engine damage noticed

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JANUARY 28, 2002
Safmarine serves Rotterdam Port of Kiel on a wide-gauge track U-Freight: a stake in China Wilson Logistics: partner of Lego Hong Kong invests in the rail sector Tashkent-Istanbul freight trains Afghanistan-Tajikistan road bridge Transatlantic: capacity reduction plan ÖBB and Frikus operate Kalsdorf LTE rolls for building material dealer Holcim

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JANUARY 28, 2002
Another waterways merger Privately held Ingram Industries is to acquire Midland enterprises Singapore: Bunker record despite corruption and contamination questions Singapore announced record bunker sales the same week a bunker supplier was suspended from doing business after a bribery scandal

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JANUARY 28, 2002
IMO puts new seafarers standards on hold until July 31, 2002 Rail freight operations down, intermodal numbers up British Airways/American Airlines say no to DOT alliance conditions CP Ships' fourth quarter produces expected earnings DOT gives tentative nod to airline antitrust immunity

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Workers Want Chance to Run TRC

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Tankers dogged by over-inspection MULTIPLE inspections continue to bedevil the tanker industry, with independent tanker owners' association Intertanko estimating that, far from seeing a fall in number, many ships are being inspected up to 35 times a year. New York listing powers $34.6m profits boom at Stelmar Shipping BUOYANT Greek tanker company Stelmar Shipping yesterday revealed that net income more than trebled to $34.58m from $11.23m in 2001 as the company reaped the benefit of its successful float earlier in the year on the New York stock exchange. Market will judge class standards - DNV chief HELGE Midttun, the president and chairman of the executive board of Norwegian classification society Det Norske Veritas, has added his voice to the growing controversy over the standards of IACS members.

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JANUARY 28, 2002
Time charter strategy lifts Stelmar Eastern Fortitude clean-up goes on Liner results signal poor 2002 Producers win Russian ports Will Jenkins: an apology Ceres Paragon request turned down Crew saved as vessel goes down Owners warn of Indonesian collapse Canada acts against Asian moth Bush to boost border protection Short sea summit on February 15 Club launches charter cover Academic blasts Finnish owners Panama in agreement with Russia Lanka revives Ceylon Shipping Corp Bangladeshi line fills Bengal gap Hamburg decides on Wilhelmshaven Philippines puts seafarers on-line Vessels damaged in Plate collision ECT bids for quicker clearance MidEast box terminals defy slump Logs encumber Seine shipping Yard workers signal strife ahead CMR given further six months Dubai Ports Auth assesses options Canadian grain exports slipping Arklow builds Dutch presence HDW and Izar join forces

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JANUARY 28, 2002
Singapore Airlines may rejoin Cargo 2000 A lack of progress led the airline to withdraw from the group two years ago. Brits spurn open skies talks London pulled out of talks with the U.S. after British Airways and American Airlines rejected Washington's terms for approving their proposed alliance. Gershenhorn to lead UPS Canada Malaysia Airlines to split domestic, int'l. units Kuehne & Nagel wins Entegris contract China Southern handles "flying" tigers The Body Shop, Danzas North America broaden partnership Tropical Shipping sees income slide Malaysia port adds bigger cranes Atlas Air reaches deal with pilots Air Canada opens new Toronto cargo terminal British Airways, American reject DOT terms for alliance

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JANUARY 28, 2002
Global Crossing files for bankruptcy The fiber optic network operator owns 15 cable ships and 3 installation barges. Slower cargo traffic hits St. Lawrence Seaway Ailing North American steel industry and low water levels are responsible the traffic slowdown. Marad issues $45m cruiseship loan guarantee This is despite American Classic Voyages' bankruptcy filing late last year. Vancouver port using x-ray on containers The $2.5m gamma ray equipment inspects one container per minute. Stelmar's term charter strategy pays off The Athens-based company's net income rose 186.2% in the last quarter of 2001. Maritrans reviews shares buyback plan The US tank barge operator is to buy 26,908 less shares than previously announced. Logjam breaks at IHC Caland Dutch FPSO owner and shipbuilder won fair share of spate of offshore contracts in 2001. Enron collapse sparks new cover North of England Club offers insurance against charterers going bust. Atle Brynestad's dream begins New cruise line sets sail as first vessel redelivered from Lloyd Werft. SPaP in good shape for sell-off Slovakian state shipowner increased profits in 2001 as potential buyers examine its books. Vopak to take big tax hit Dutch chemical tanker owner will post "substantially" lower profits for 2001 after write-offs. Kate Blankenship soars at Osprey Top woman of Fredriksen shipping empire adds to her responsibilities. Essar's condition stable Indian tanker and bulker player reaps reward of time charter foresight as it tries to ride out soft markets. VLCC breaking pace hots up Three large tankers are expected to be sold for scrap this week while Fredriksen-controlled giant waits. Crew safe as Princess Sara freed Pirates release Lebanese ship held off Somalia after owner pays undisclosed ransom. HMM inks KRW 400bn in asset back securities Financially troubled South Korean shipping giant raises fresh funds on the back of its LNG business. Japan holds over 500 ships in 2001 Dramatic escalation in ship detentions as Japan gets tough on sub-standard shipping. Cosco signs up with Port of Boston Deal will see weekly calls at northeast US port by ships from state-owned Chinese giant.