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Shipping News

Legality of transit anchorage in S'pore Straits in doubt
THE legal status of a new privately-run transit anchorage endorsed by Indonesian authorities between the congested Traffic Separation Scheme in the Singapore Straits is expected to be challenged.
Ship officer pleads innocent over trawler collision
THE Filipino officer of a Norwegian tanker that collided with a French trawler off the coast of Brittany in August, killing four fisherman, pleaded not guilty on the opening day of his trial.
MISC's profit down 12% for 9 months to Dec '02
DESPITE an improved third quarter, Malaysia International Shipping Corporation's net profit dropped 12 per cent to RM910.8 million for the first nine months of FY2002.
Asean maritime industry booming: boat show organiser
THE maritime industry in this part of the world is not showing the kind of despondency as seen elsewhere because of the economic recession and threat of war, according to the organiser of a work boat show held here recently.
Job fair for laid off PSA staff
MORE than 600 jobs are being made available to retrenched employees of PSA Corporation through a job fair tomorrow.

Air and Land Transport

British Airways targets 450m more of cost cuts
BRITISH Airways, Europe's biggest airline, plans to cut an additional 450 million of costs by March 2005 as slowing economies and a slump in air travel after the Sept 11 attacks hurt profit.
Rolls-Royce profit plunges 46% to 255m
Spain's Iberia sees sales diving 15% with Iraq war
Shanghai to begin developing first civilian plane in June
Revised Delta alliance plan gets hearing
Log Book

Strait Talk

Time to clarify EU's role at IMO?
BY the time this paper hits the streets an interesting meeting should have taken place.

web site

Shipping News

Legality of transit anchorage in S'pore Straits in doubt
THE legal status of a new privately-run transit anchorage endorsed by Indonesian authorities between the congested Traffic Separation Scheme in the Singapore Straits is expected to be challenged.
Ship officer pleads innocent over trawler collision
THE Filipino officer of a Norwegian tanker that collided with a French trawler off the coast of Brittany in August, killing four fisherman, pleaded not guilty on the opening day of his trial.
MISC's profit down 12% for 9 months to Dec '02
DESPITE an improved third quarter, Malaysia International Shipping Corporation's net profit dropped 12 per cent to RM910.8 million for the first nine months of FY2002.
Asean maritime industry booming: boat show organiser
THE maritime industry in this part of the world is not showing the kind of despondency as seen elsewhere because of the economic recession and threat of war, according to the organiser of a work boat show held here recently.
Job fair for laid off PSA staff
MORE than 600 jobs are being made available to retrenched employees of PSA Corporation through a job fair tomorrow.

Air and Land Transport

British Airways targets 450m more of cost cuts
BRITISH Airways, Europe's biggest airline, plans to cut an additional 450 million of costs by March 2005 as slowing economies and a slump in air travel after the Sept 11 attacks hurt profit.
Rolls-Royce profit plunges 46% to 255m
Spain's Iberia sees sales diving 15% with Iraq war
Shanghai to begin developing first civilian plane in June
Revised Delta alliance plan gets hearing
Log Book

Strait Talk

Time to clarify EU's role at IMO?
BY the time this paper hits the streets an interesting meeting should have taken place.

web site

Shipping News

Legality of transit anchorage in S'pore Straits in doubt
THE legal status of a new privately-run transit anchorage endorsed by Indonesian authorities between the congested Traffic Separation Scheme in the Singapore Straits is expected to be challenged.
Ship officer pleads innocent over trawler collision
THE Filipino officer of a Norwegian tanker that collided with a French trawler off the coast of Brittany in August, killing four fisherman, pleaded not guilty on the opening day of his trial.
MISC's profit down 12% for 9 months to Dec '02
DESPITE an improved third quarter, Malaysia International Shipping Corporation's net profit dropped 12 per cent to RM910.8 million for the first nine months of FY2002.
Asean maritime industry booming: boat show organiser
THE maritime industry in this part of the world is not showing the kind of despondency as seen elsewhere because of the economic recession and threat of war, according to the organiser of a work boat show held here recently.
Job fair for laid off PSA staff
MORE than 600 jobs are being made available to retrenched employees of PSA Corporation through a job fair tomorrow.

Air and Land Transport

British Airways targets 450m more of cost cuts
BRITISH Airways, Europe's biggest airline, plans to cut an additional 450 million of costs by March 2005 as slowing economies and a slump in air travel after the Sept 11 attacks hurt profit.
Rolls-Royce profit plunges 46% to 255m
Spain's Iberia sees sales diving 15% with Iraq war
Shanghai to begin developing first civilian plane in June
Revised Delta alliance plan gets hearing
Log Book

Strait Talk

Time to clarify EU's role at IMO?
BY the time this paper hits the streets an interesting meeting should have taken place.

	web site

IRA lines to increase FAF CP Ships denies purchase of Taiwan's Kien Hung Acquisition to strenghthen Kuehne & Nagel UK wine logistics unit Lykes improves US Gulf/ Mexico and Mediterranean service EWL's going well for Caribbean niche carrier's expansion in Asia Iceland's Eimskip turns in US$57 million profit in 2002 Weekly Gulf/Mexico/Mediterranean service for TMM Lines Continental Airlines cargo ton miles rise 15pc in Februrary Elizabeth Lanier to replace Michelle Bryan at US Airways Menzies makes management changes in Australia, NZ

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IPBCC raises BAF; further hike in April Exports of synthetic, rayon textiles register 27 pc growth in April-Nov. 2002 Visakhapatnam Container Terminal to be operational in early June Mauritius emerges as maritime & logistics hub ITF felicitates S. R. Kulkarni Air cargo traffic up by 16 pc in April-Dec. 2002 Lok Sabha passes Customs Tariff Bill CLE: Budget could have offered more 2 more agri export zones for state soon No move to impose service tax on exports: Jaswant - Fin. Minister assures review of several issues Seminar on Ghana & Senegal investment opportunities today Singapore unveils new packages to lure Indian travellers Interactive meeting at IMC tomorrow

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MARCH 4, 2003
Daily Bunker market report from Praxis Energy Agents Baltic ports soften amid low demand O'Neil versus de Palacio Kuwait would reduce oilflow in case of war INTERTANKO hails IMO lead in post-Prestige legislation MDO problematic in the Great Belt Two days of steeply bearish cargo forces Fujairah IFOs down Steady St Petersburg still suffers ice The shipping portal MarineProvider goes bust Successful move to ICE for IPE Brent crude & gas oil futures Rotterdam soft to steady this morning Hong Kong reacts to bearish Platts and Crude

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MARCH 4, 2003
Aeroflot turns 80 Exel opens logistics centre in Australia A.P. Møller Group revises profit forecast upward CP Ships denies reports of Kien Hung Acquisition

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MARCH 4, 2003
Charges against Fosen are dropped 32 vessels in the Swedish orderbook European ferry traffic on the move again

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MARCH 4, 2003
Four team for LCS Lockheed Martin, Gibbs & Cox, Bollinger Shipyards and Marinette Marine today announced a teaming effort to capture the Navy's Littoral Combat Ship program

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MarineProvider seeks liquidator after chief executive Lewis goes E-PROCUREMENT company MarineProvider is close to filing for bankruptcy following claims about the conduct of former chief executive Collin Lewis, writes Mark Warner. Lines say tight transpacific supply means higher rates TWO of the world's most powerful shippers are about to start contract negotiations that could seal the financial fate of the container shipping industry for the coming year. Brussels stands firm over phase-out of single hulls Brussels has maintained its firm line on the accelerated phase-out of single-hull oil tankers in a top-level meeting with the IMO. Lightering activities 'a factor in Prestige loss' ABS believes that the Prestige could have sustained damage to its side shell plating during lightering activities in the months before the casualty and that this may have contributed to the loss, writes Brian Reyes in Gibraltar.

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MARCH 4, 2003
Fisher posts better figures Low cruise prices 'an obscenity' New Manila terminal receives QE2 Swift response to safety talks India appoints new DG Shipping CSL in dumping allegations Shipping lane talks 'constructive' Pollution control incentive planned Viral outbreaks: more to be done Bow Eagle officer pleads not guilty Lines can use US facility in Busan Owners call for ro-ro incentives Hutchison faces removal Jakarta complaints denied

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MARCH 4, 2003
Deutsche Post 2002 beats estimates The German mail and express conglomerate said core earnings fell by 5 percent, not as much as previously predicted. Rates to rise: Maersk Sealand chief Chief executive Knud E. Stubkjaer said rising cargo volume and continued tight capacity should produce "stronger and sustained" rates this year in the trans-Pacific container trades. Luhn resigns from NITL ILWU, Canadian employers agree on contract Maersk Sealand ending N. Atlantic service through Halifax Indonesia gets U.S. security aid U.S. imposes punitive tariffs on Canadian wheat Carriers hike India fuel surcharges Hutchison completes Jakarta berth Inttra announces ocean tender app Pacer launches U.S.-Mexico intermodal services Kuehne & Nagle breaks 1M-TEU mark

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MARCH 4, 2003
Rate drive sees APL reject unprofitable cargo In a move reminiscent of Evergreen two years ago the Singapore line APL has said that it will only carry profitable cargo following its US$330 million deficit this year. Tampa aims for Miami box-market share Tampa Port Authority is seeking to dramatically broaden its commercial base by negotiating with 18 of the world's leading terminal operators to improve container services at its facilities. China relents on NVOCC performance bonds Asian and German lines in Red Sea joint venture German rail restructure reveals aim to be flexible friend HPH announces completion of Jakarta developments and Shanghai JV ICF launches Italy/Sweden link Pacific fuels K&N volume growth

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MARCH 4, 2003
Mitsubishi makes "most attractive" offer to Evergreen Decision day on massive 30-ship post-panamax order could be close for Taiwanese container giant. Court blow for Zissimatos Huge claim by former Adriatic Tankers chief thrown out. Mardi Grouse Carnival won't dance cruiseship limbo, steams away from New Orleans. Genmar on ratings par with earlier bond issuers Ratings agencies praise cash-generating record but caution against further debt load. ABS says Prestige damage cause unknown Class society says tanker could have remained afloat for lightering. OSG joining bond hunt? Sources say second New York tanker company ready for market. General Maritime in $250m high-yield bond issue Proceeds will be applied to bank debt in Metrostar deal. MarineProvider chief hits back I have nothing to hide insists outraged Collin Lewis. US inspectors find tank cracks in Premuda tanker Class will routinely inspect seven sisterships to check for similar problems. Council wants rid of "unsightly" Cotswold Prince Unwanted cargoship still moored in Tasmanian river after scrap deals fail. Fabricius in for Lithuanian Shipping Danish owner reportedly submits bid for state owner, but faces competition from management team. Earnings grow at ambitious Fisher UK group saw tanker profits fall, but cable-layers and expanding marine services more than compensated. Stolt-Nielsen bosses breathe more easily Chemical tanker owner facing price-fixing probe says it has no plans to discipline any executives. Odfjell officer pleads guilty Norwegian owner reaches compensation deal on fatal fishing boat collision. Demolition figures sharply down on last year Indian budget seen as having no material impact on breakers' fortunes. MarineProvider hits the rocks Police called in after bankruptcy filing and departure of Collin Lewis. Ferry sale loss fails to curtail Atteshlis Cypriot shipping company's net profits more than treble in 2002, despite offloading Olympia 1. Crewman dies after fall Fatality aboard Alice Oldendorff as seafarer suffers serious head injuries during US port call. Jutha loss piles up Thai cargoship owner sunk back into the red by debt provision. Zim and Lloyd Triestino team up Israeli and Italian container line to launch new joint weekly Far East - Americas service. CMB plans Exmar spin-off Belgian brothers Marc (left) and Nicolas Saverys to go their separate ways.

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MARCH 4, 2003
Correction: Wallenius Wilhelmsen service calls Fremantle twice monthly INTTRA introduces tendering application Lykes Lines finalizes Asia/Vancouver/Alaska service BIMCO responds to proposed U.S. Coast Guard security rules Marad wants to extend vessel-reporting requirement for agriculture cargo Maersk CEO Stubkjaer predicts end of "depressed rates" in Pacific Europe/Africa carriers warn of possible Ivory Coast war charge CMB plans to hive off LNG arm Auto haulers begin labor talks Pacer stacktrain begins two U.S./Mexico freight services Kuehne & Nagel tops 1 million TEUs GAO: ACE needs further acquisition management improvements Kuehne & Nagel acquires U.K. forwarder Seabrook & Smith Bush selects verdery, carnes to homeland security posts Velant names Gable president NIT League names Gatti acting president Long Beach joins effort to reduce truck congestion Hutchison finishes deepwater berth in Jakarta CSX World Terminals names three senior VPs COSCO and PSA in talks over dedicated terminal in Singapore