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Shipping News

Maersk to divide Asia into 4 business units
INTERNAL restructuring at Maersk Seal - the world's largest container shipping line - will see its Asian region business carved into four separate areas from July 1, coinciding with the retirement of its Singapore-based chief executive.
Quick end to Iraq war may boost business: Precious
THAILAND's Precious Shipping said a dwindling global fleet meant the ship-leasing industry was brisk even in a slow economy and reconstruction after a possible Iraq war could spur its business.
Arab shipyard covers cost of customers' war insurance
ARAB Shipbuilding and Repair Yard Co , the largest in the Middle East, is covering the extra insurance cost of shipowners wanting to enter the Persian Gulf, which is considered a war zone, to use its facilities.
Contship adds 3 loops to Australasia-Asia services
CONTSHIP Containerlines has boosted its Australasia-Asia services in line with trade growth, offering three new loops.
Rotterdam port's throughput up 2.4%
EUROPE's busiest port, Rotterdam, enjoyed a 2.4 per cent increase in total throughput last year, and handled 5.9 per cent more containers by weight, the authority has confirmed.

Air and Land Transport

China plans to reform its lagging civil aviation sector
CHINA's entire civil aviation industry needs to 'reform and open up' to meet international standards and the phenomenal demand growth of the coming 20 years, the head of its civil aviation administration said in Singapore yesterday.
Airbus wins US$2b deal to supply jets to Indian Airlines
US issues new check order for jumbos
Boeing, Lockheed free from Columbia liability
Korean Air posts Q4 loss of 170b won

web site

Shipping News

Maersk to divide Asia into 4 business units
INTERNAL restructuring at Maersk Seal - the world's largest container shipping line - will see its Asian region business carved into four separate areas from July 1, coinciding with the retirement of its Singapore-based chief executive.
Quick end to Iraq war may boost business: Precious
THAILAND's Precious Shipping said a dwindling global fleet meant the ship-leasing industry was brisk even in a slow economy and reconstruction after a possible Iraq war could spur its business.
Arab shipyard covers cost of customers' war insurance
ARAB Shipbuilding and Repair Yard Co , the largest in the Middle East, is covering the extra insurance cost of shipowners wanting to enter the Persian Gulf, which is considered a war zone, to use its facilities.
Contship adds 3 loops to Australasia-Asia services
CONTSHIP Containerlines has boosted its Australasia-Asia services in line with trade growth, offering three new loops.
Rotterdam port's throughput up 2.4%
EUROPE's busiest port, Rotterdam, enjoyed a 2.4 per cent increase in total throughput last year, and handled 5.9 per cent more containers by weight, the authority has confirmed.

Air and Land Transport

China plans to reform its lagging civil aviation sector
CHINA's entire civil aviation industry needs to 'reform and open up' to meet international standards and the phenomenal demand growth of the coming 20 years, the head of its civil aviation administration said in Singapore yesterday.
Airbus wins US$2b deal to supply jets to Indian Airlines
US issues new check order for jumbos
Boeing, Lockheed free from Columbia liability
Korean Air posts Q4 loss of 170b won

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HK like European ports may attract more shippers thanks to CSI factor US Customs focusing on shippers' cargo descriptions MOL receives Limited Brands' logistics services award Cahaya Samudera Shipping awarded ISO 9001:2000 status US' Port of Vancouver completes terminal two redevelopment Swiss WorldCargo to use DSG-Tradevision logistics network FAA awards initial contracts for communication system Continental reports jet load factor drops slightly in January

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FEBRUARY 6, 2003
Sinotrans IPO 1-5 times covered Sinotrans Ltd., one of China's leading freight forwarders, has seen its initial public offering from overseas institutions subscribed by between one and five times so far. APL Logistics with Carmichael APL Logistics has appointed Carmichael International Service to provide its clients with fully integrated Customs brokerage service. United Airlines plans new low-cost line United Airlines plans to return to profitability through a combination of reducing costs, launching a low-cost carrier and using more regional jets. Delta chiefs take pay cuts Delta Air Lines' chief executive and president will take only 10 percent pay cuts to help trim costs, while other executives will give up 8 percent of their wages, according to a memo to Delta employees. Contship enhances presence in Australasia-Asia trades Contship Containerlines has finalised three new slot charter agreements to supplement its presence in the trades from Australia and New Zealand to various markets across Asia. EC strikes 8 from its list of 66 banned vessels Retracting eight vessels from its 66 vessel blacklist and moderating its fiery post-Prestige rhetoric, the European Commission (EC) now appears to be softening its stance on the issue of black-listing vessels. 'Airlines losses $ 5-10 billion in 2003' Members of the International Air Transport Association may have a combined loss between $5 billion and $10 billion in 2003, Sydney-based Centre for Asia-Pacific Aviation said.

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MoS, SCI in talks on interim dividend Safmarine Computer Services wins top IBM Lotus "Beacon" Award Shipping freight levels on upward move LOTS Shipping acquires 3 barges MoU signed for wheat exports India eyeing Lankan potato market Tariff sops granted to 111 items imported from Bangladesh 17 items added to SION list Wheat exporters upbeat on larger Iraqi demand, seek deadline extension All ports to use EDI for documenting box cargo for exports Ennore Port RFQ elicits excellent response - Coal, marine liquid cargo handling projects Ernakulam railway line may link Vallarpadam soon Two port projects for Skanska New SIA flight to Bangalore from May 1 Nabard signs MoU with Apeda, Exim Bank to promote AEZs Kinfra to set up 6 industry parks with private sector aid RBI looking into ECGC fees rationale Govt clears Assam AEZ Textile quotas regime phase-out still tardy Indian banks ready for global competition - K. V. Kamath Cenvat credit for textile sector may be abolished CII meet discusses core sector issues Taiwanese team to visit Mumbai on Feb. 10

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FEBRUARY 6, 2003
Daily bunker market report from Praxis Energy Agents Still hope for European Bunker Industry Religious holidays in Istanbul next week Californian bunker tax could see Japanese avails get even worse Italy: Pre-arrival info required 72 hours in advance London Club agrees to put up bail for Prestige master Market drives up Italian numbers

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FEBRUARY 6, 2003
Jet Aviation will not be sold Second KN hub opens in Duisburg DHL's acquisition of the Mayne Group approved by Canadian regulators 800,000 TEU in Marseille in 2002 Mike Clasper appointed chief executive of BAA

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FEBRUARY 6, 2003
No more Primorsk calls for greek tankers No unilateral single hull ban in Sweden Mols Linien start Channel service this summer

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FEBRUARY 6, 2003
Corps calls in team of experts to study damage to John Day lock DOT rule allows explosives to cross from Canada to US Customs inspectors nab drugs crossing border in bear trailer Zachary joins Port of Tacoma as planning and logistics director Delivery delays force Princess to call off ISLAND PRINCESS sailings

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Disfida europea sulle crociere Marnavi sceglie i cantieri coreani Il settore chiede aiuti: si rischia la paralisi

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London P&I Club posts bail to buy liberty for Mangouras The family of Apostolos Mangouras, Greek master of the Prestige , are preparing to fly to Spain to welcome him back to liberty, after London P&I Club agreed to provide his E 3m ($3.24m) bail. Lyras slams Europe over places of refuge EUROPEAN countries have been criticised by Greek shipowners' leader John Lyras for allegedly passing the buck for pollution incidents solely on to shipowners. Cracks found on single-hull Arendal at Shetland THE debate on single hull tankers in European waters looked set to reopen yesterday, when a ship on charter to BP was detained at Sullom Voe after two foot-long cracks were discovered on deck, writes David Osler. Maersk Sealand opts for more flexibility MAERSK Sealand is restructuring its global business into 15 different areas with an aim of securing "continued profitable growth" for its container shipping business.

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FEBRUARY 6, 2003
Lloyd Werft not responsible for SSW Fast ferries 'not reliable enough' Residensea to retain Norwegians Chance would be a fine thing Forex restrictions threaten revival Surveyors assess Aframax cracking London Club bails out Mangouras Afghan cargo now a major concern MES for P&O ferry conversions Spanish assess Prestige options Wärtsilä loses engine market share HK exporters meet US requirements Lüken in Miami for NCL signing War fears increase unemployment Finn to lead Arctic oil project Tricolor slick hits Belgium K Line shifts base to Singapore Ferry shortcomings on the agenda Fred Cheng scotches order reports Korean ships may lose out on LNG

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FEBRUARY 6, 2003
New contract for Teamsters, truckers Agreement with less-than-truckload carriers calls for 3.4 percent wage hike over five years. Ports need radical changes: Lanier Congestion solution requires industry-wide rethinking, according to the executive director of the West Coast Waterfront Coalition. Hong Kong coping with 24-hour rule Boxes continue to flow despite confusion, lack of preparedness among shippers. Canada promotes increased trade with US Carriers pleased with new cargo portal FMC schedules open meeting Lykes inks Med-Gulf space charter deals American Airlines launches S. American express service Salazar named Panama Canal chairman Larsen joins Airline Capital New company markets 'container sled' Port, water operators oppose trust fund raid Ports, terminals assess security plans

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FEBRUARY 6, 2003
Port supplier hits out at HPH in terminal row as MSL confirms move Hutchison Port Holdings (HPH), faced with the impending departure of Maersk Sealand (MSL) from its Jakarta International Container Terminal (JICT), is using its muscle to pressure an Indonesian rival. NZ insurers call for obligatory reporting of boxes lost at sea Maersk prepares to exploit TransSiberian cargo volumes Banks flex muscles over SCI lock-in clause Boston's Asia exports lift 2002 volumes Contship stitches slot deals for Australasia/Asia Mumbai Port Trust looks to regulate charges

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FEBRUARY 6, 2003
Aframax detained with deck cracking Polys Haji-Ioannou's Arendal held in Shetland Islands after crew notifies manager of problem near ballast tank. Toll of abandoned ships rising in Gulf Missions to Seafarers says it fears problem could intensify if Iraq hostilities take off. Norden loses freight futures battle Danish owner gets reduced compensation for deal to ease panamax bulker market entry. VLCC rates head downwards But tanker players say the market is merely in "pause mode" awaiting fresh business. London Club says Prestige master is "special" case Court hearing today to set bail conditions for Apostolos Mangouras. Divorce costs clobber P&O Princess Scrapped merger with Royal Caribbean and expenses related to Carnival tie-up hit cruise operator in 2002. New faces at Fisher UK tanker owner James Fisher strengthens management with P&O and BAE Systems executives. Wartsila profits crumble But engine maker saw sharp order rise for marine units in late 2002. Yang Ming inks boxship and bulkers Taiwanese owner extends boxship orders at CSBC and adds two panamax bulkers. Officers plead guilt to collision charge Western Iris master and second officer pay $5,000 in fines after colliding with Aussie fishing boat. K Line confirms TCC charter Japan owner's Singapore arm is taking an aframax for two years from Tai Chong Cheang. P&O Cruises set for Trinidad return Island's tourism officials say British firm is set to return after pulling out over terror fears. Welsch named ASC boss Great Lakes operator American Steamship Company confirms new president and CEO.

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FEBRUARY 6, 2003
Coast Guard says centralized data systems a year away China Shipping drops ships on Pacific link Hamburg Sud re-sells Ellerman's East Africa/Europe service Intermarine resumes service to Venezuela "K" Line transfers Aframax tanker operation to Singapore Rickmers-Linie appoints general agent for Japan Dragonair contracts with Menzies World Cargo for U.K. operations FMC reviews 11 OTI applicants, revokes 14 licenses Salazar named Panama Canal Authority chairman Waterways users say Bush budget would misuse trust funds