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PSA's HNN threatens to block Antwerp concession changes
PSA Corporation's Belgium subsidiary has slammed as 'deceptive' Antwerp Port Authority's talk of transferring a 'reserved' terminal concession to one of its competitors, and has threatened to effectively block or reverse any changes.
RCL steams into the black on forex gains
A favourable exchange rate enabled Singapore-headquartered and Thai-listed feeder operator Regional Container Lines to turn around its 2002 bottom line, posting a 1.23 billion baht profit against a 297 million baht for 2001.
NOL arm wins US$220m Venezuela oil deal
NEPTUNE Orient Lines' tanker arm American Eagle Tankers has won a US$220 million long-term contract to transport oil from Venezuela to Asia.
Ships warned of floating boxes in Malacca Straits
SHIPS plying the narrow Malacca Straits are advised to be on a look out for dozens of floating containers that fell into the sea after two ships collided off Malaysia's southern Johor coast, an official said.
Hutchison sets up Shanghai port joint venture
HUTCHISON Whampoa Ltd, controlled by Asia's richest man, Li Ka-shing, formed a 1.9 billion yuan port venture with the Shanghai government and two China-backed companies, its port unit said.
Tianjin opens direct Europe route
TIANJIN Port, the largest port city in north China, opened a direct container shipping route to Europe.

Air and Land Transport

MAS to focus on region, boost flights from E M'sia
MALAYSIA Airlines will focus more on Asia-Pacific destinations and beef up its eastern hub operations.
Computer glitch continues to delay flights in Japan
Nepal airline to fly to M'sia via S'pore
HK Airport Authority may buy fuel facility
BAA can raise airport fees
Asiana to reduce mileage benefits

web site

Shipping News

PSA's HNN threatens to block Antwerp concession changes
PSA Corporation's Belgium subsidiary has slammed as 'deceptive' Antwerp Port Authority's talk of transferring a 'reserved' terminal concession to one of its competitors, and has threatened to effectively block or reverse any changes.
RCL steams into the black on forex gains
A favourable exchange rate enabled Singapore-headquartered and Thai-listed feeder operator Regional Container Lines to turn around its 2002 bottom line, posting a 1.23 billion baht profit against a 297 million baht for 2001.
NOL arm wins US$220m Venezuela oil deal
NEPTUNE Orient Lines' tanker arm American Eagle Tankers has won a US$220 million long-term contract to transport oil from Venezuela to Asia.
Ships warned of floating boxes in Malacca Straits
SHIPS plying the narrow Malacca Straits are advised to be on a look out for dozens of floating containers that fell into the sea after two ships collided off Malaysia's southern Johor coast, an official said.
Hutchison sets up Shanghai port joint venture
HUTCHISON Whampoa Ltd, controlled by Asia's richest man, Li Ka-shing, formed a 1.9 billion yuan port venture with the Shanghai government and two China-backed companies, its port unit said.
Tianjin opens direct Europe route
TIANJIN Port, the largest port city in north China, opened a direct container shipping route to Europe.

Air and Land Transport

MAS to focus on region, boost flights from E M'sia
MALAYSIA Airlines will focus more on Asia-Pacific destinations and beef up its eastern hub operations.
Computer glitch continues to delay flights in Japan
Nepal airline to fly to M'sia via S'pore
HK Airport Authority may buy fuel facility
BAA can raise airport fees
Asiana to reduce mileage benefits

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24-hour rule charges levied in export country: Maersk's Lund Ecsa forum to introduce GRI Asia/east coast South America FWL gets to grips with Asian characters with FunfillmentSCE Bimco names business development manager for idea UPS to ease HK forwarders' lives with new offering Atlas Air fourth quarter revenues up US$130 million AMI launches back-to-back daily airfreight to nearly

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FEBRUARY 28, 2003
Growth air cargo US American air cargo was up 6.9 per cent in January 2003, compared to January 2002. Atlantic traffic was up 8.2 per cent, Pacific traffic 13.5 per cent. CSX and the Carlyle complete conveyance of CSX lines CSX Corporation and The Carlyle Group, a global private equity firm, announced today that they have completed the conveyance of CSX Lines, LLC, from CSX to a venture formed with The Carlyle Group. New CSXT chief operating officer Michael J. Ward, CSX Corporation chairman, president and chief executive officer, has named Alan F. Crown as executive vice president and chief operating officer of CSX Transportation. Frans Maas expands in Lithuania Frans Maas will take a 20 per cent interest in Eurotolis, Lithuania, and an option to increase its stake further with effect from March 2003. UPS with Hong Kong-Philippines flights UPS initiated a daily cargo flight from Hong Kong to its Asian hub in the Philippines. UPS's export volume from Hong Kong rose 15 per cent. Atlas Air earns with war transport Atlas Air doesn't expect to complete its ongoing re-audit of its 2001 and 2002 results by the end of the first quarter.

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Tata Consultancy Services to conduct study on coastal shipping Canadian, Atlantic conferences raise rates Shipbuilding industry told to look for defence orders SAPTA has safeguards against dumping by multinationals, asserts Rudy Slovenia invites Indian businessmen, claims it's window to EU, Balkans Indonesia buys more Indian wheat flour Maersk India, CSX World Terminals participate in pre-bid talks at Kochi - Vallarpadam Container Terminal Rs 6-cr. plan to upgrade Old Mangalore Port Jaswant allocates Rs 7,500 cr. to modernise Cochin & JN Ports CoPT Chairman terms Budget allocation as timely Non-Major ports among 10 more services in tax net Union Budget: 2003-04 - Plethora of tax reliefs Rly Budget will spur growth: AIAI Govt to form 2 cos to take up Mumbai, Delhi airport projects Hyderabad airport project gets green signal EEPC hails move to cut transaction costs It's positive & progressive: AIEC IMC sees no push to IT software sector No emphasis on growth: AIAI chief Apparel exporters given raw deal, says CIAe Rs 60,000 cr. allocated for development of infrastructure BCCI happy with Budget Provision for faster cargo clearance IMC public meet on Budget today WTC panel discussion on Budget today IMC seminar on 'Post-WTO Competitiveness' tomorrow SGS to organise seminars on export promotion through 'quality upgradation and branding'

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FEBRUARY 28, 2003
Daily Bunker market report from Praxis Energy Agents African market snapshots New barging charges in Jamaica ECO Phoenix modernises fleet Fairly uneventful end to Singapore's day Venezuelan output up Saudi cover for Iraq's exports Caspian pipeline rumpus Augusta gets possible date for IFO replenishment Seven year-old Double-Hull cracks Rotterdam steady this morning

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FEBRUARY 28, 2003
NOL reports 2002 loss Pacific Shipping strengthens presence in China Plane manufacturers revise their forecasts downward Acciona Group posts stronger 2002 results GTN joins SST

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FEBRUARY 28, 2003
Half-cooked net wage move US proposal on accelerated phase-out of single hulls "Lovisa Gorthon" sold

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FEBRUARY 28, 2003
Study shows military needs MSP fleet The United States military would be unable to deploy and sustain its forces worldwide without using privately owned, U.S.-flagged commercial vessels

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FEBRUARY 28, 2003
Purchase of CSX Lines closed by The Carlyle Group Corps reviewing application for new wharf in Astoria MARAD and Corps release transport figures Big Sky flights from Olympia get 'thumbs up' from travelers TMM Lines adding new Gulf/Mexico/Med service

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Turkish government forces US to rethink Iraq attack plan THE Turkish government rushed on Sunday to repair ties with Washington after its parliament blocked a proposal to allow a US attack on Iraq through Turkish territory. Cosco and PSA bid to launch joint Singapore terminal CHINA Ocean Shipping Company is in talks with PSA Corp about owning or establishing a joint venture container terminal in Singapore, writes Marcus Hand in Singapore. American Eagle deal 'at odds' with sale by NOL NOLsubsidiary American Eagle Tankers is to build three more very large crude carriers for a $220m long-term contract it has won with Venezuela's PDVSA. Clarkson offers chance to buy ships on benchmark data SHIPBROKER H Clarkson has launched a derivative product which allows users to take paper positions in the secondhand market for dry bulk tonnage. 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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FEBRUARY 28, 2003
Lines roll out security manifest fees Lanka owners want tax breaks Agreement needed on ports directive Hanjin Pennsylvania salvage complete CSI in Sri Lanka Minor fire on QM2 More dead in demolition fire MISC profit takes a battering PSA, Cosco in terminal talks Delhi boosts ports, shuns shipping Korean seafarers urge state support Market 'tough' say ferry firms Rates hit tanker owner's turnover Box ships on China-Korea routes

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FEBRUARY 28, 2003
HNN threatens to scupper Antwerp concession deal Hesse Noordnatie (HNN) today threatened to unravel a freshly-announced transfer of terminal concessions in Antwerp's Deurganckdok, as it reaffirmed a prior claim to the unallocated West 3 concession. PSA 'positive' on Singapore terminal ownership for COSCO COSCO said that it has received 'a positive response from PSA Corp' in high-level talks on buying a Singapore terminal. US Customs denies stress on AMS filing system Antwerp: Last Deurganckdok concession still to be disputed New Copenhagen role for Maersk HK's golden boy Exel dismisses ocean carriers' logistics threat Innovation to squeeze conventional cargo into containers

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FEBRUARY 28, 2003
Venezuelan terminals at bursting point PDVSA slows down production in storage bottleneck. US bill targets single hulls California lawmaker invokes Prestige case, calls for ban by 2007. Ship value futures set for launch Star S&P broker Richard Fulford-Smith set to move into vessel derivatives. Stolt suffers "horrible" year Chemical tanker owner who blew price fixing whistle logs over $100m loss. Commitee backs US sealift regime Study says it would cost American taxpayers $9bn to replicate Maritime Security Program Investors circle Lithuanian Shipping Three bidders emerge in race to buy dry cargoship owner. Anders Wilhelmsen pushes offer Stock market decline claimed to have improved Awilco offer. Eimskip swings into profit Icelandic container line posts huge 2002 earnings thanks to strength of domestic currency. Virgo crew reunited with families Three men from Primorsk Shipping tanker return to Russia, but still face court case in Canada. IPBCC carriers bump up rates Indian subcontinent container lines add $150 per teu, as other conferences put up bunker surcharges. Odin blocks Awilco bid Fund chief Ragnhild Wiborg insists on a better offer from Anders Wilhelmsen. CIS counts cost of finance Singapore bulker owner suffered from higher interest costs and lower freight rates in 2002. TEN clings to profit in 2002 But Tsakos Energy Navigation records fourth quarter loss. Global Carriers to home in on tanker business Losses continue but Malaysian owner is planning its next moves. Cosco Investment expands shiprepair interests Cosco's Singapore unit agrees to buy into Dalian Cosco yard in China. Fourth quarter powers profits at Namsos Norwegian ferry owner back into the black in 2002. Taxing times at Grupo TMM Tax refund delays and falling peso forces Mexican group into red for 2002. Kimtrans profits slump 75% Lower turnover and expenses take their toll at Singapore logistics and ship owner.

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FEBRUARY 28, 2003
CSX, Carlyle Group complete sale of CSX Lines U.S. Maritime Administration to make research a priority U.S. Coast Guard changes notification requirements for vessels NTDA study: MSP remains "linchpin" for U.S. military Crowley, King Ocean switch Florida port on Venezuela service Regional Container Lines is back in profits Suzuki to become ceo of "K" Line America Bimco appoints Monsen Business Development Manager Asia/Europe carriers raise bunker surcharges Melbridge adds Canada call to Europe/Cuba link U.S. international airfreight traffic up 9 percent in January STB veteran Morgan steps down early FMC assesses $1.53 million civil penalty against Greem master Stonepath chooses G-Log, Yantra Logistics software Gipsa proposes inspection fee increases for grain, rice Maersk Data and Eurogate it start software-marketing venture Treasury issues interim rule under terrorism risk insurance act St. Lawrence seaway requires mandatory automatic vessel id Port of Long Beach backs off-peak hours scheme European shipowners urge parliament to liberalize pilotage