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Shipping News

Malaysia acts to create national coast guard
IN a move some 10 years in the making, Malaysia is taking the first concrete steps towards consolidating the enforcement of maritime security in its territorial waters through the creation of a national coast guard.
PSA's worldwide box volumes up 8.8% in June
PSA Corporation saw its global container throughput for June rise 8.8 per cent over the year before, thanks to volume growth at its terminals both at home and abroad.
Philippine seafarer's certs still recognised by flag states
THE world's leading flag states have reassured the Philippines that they have full confidence in the integrity of the Philippine seafarers licensure examination system and had no plans of withholding recognition of Philippine seafarer's certificates of competency.

Air and Land Transport

Cathay expects to break even soon
CATHAY Pacific Airways, traditionally one of Asia's most profitable airlines but hard hit by the effects of Sars, said it would soon reach breakeven point as passengers return.
Air Canada gets big loan from General Electric
easyJet's load factor high despite increased capacity
China to design, make turbofan aircraft
China Southern Air to launch A-share offer
Vietnam Air to start new services to Cambodia, Japan

Features

Summer slumber
THE airlines' crucial summer season has arrived, but the industry's vital signs remain feeble.

web site

Shipping News

Malaysia acts to create national coast guard
IN a move some 10 years in the making, Malaysia is taking the first concrete steps towards consolidating the enforcement of maritime security in its territorial waters through the creation of a national coast guard.
PSA's worldwide box volumes up 8.8% in June
PSA Corporation saw its global container throughput for June rise 8.8 per cent over the year before, thanks to volume growth at its terminals both at home and abroad.
Philippine seafarer's certs still recognised by flag states
THE world's leading flag states have reassured the Philippines that they have full confidence in the integrity of the Philippine seafarers licensure examination system and had no plans of withholding recognition of Philippine seafarer's certificates of competency.

Air and Land Transport

Cathay expects to break even soon
CATHAY Pacific Airways, traditionally one of Asia's most profitable airlines but hard hit by the effects of Sars, said it would soon reach breakeven point as passengers return.
Air Canada gets big loan from General Electric
easyJet's load factor high despite increased capacity
China to design, make turbofan aircraft
China Southern Air to launch A-share offer
Vietnam Air to start new services to Cambodia, Japan

Features

Summer slumber
THE airlines' crucial summer season has arrived, but the industry's vital signs remain feeble.

web site

Shipping News

Malaysia acts to create national coast guard
IN a move some 10 years in the making, Malaysia is taking the first concrete steps towards consolidating the enforcement of maritime security in its territorial waters through the creation of a national coast guard.
PSA's worldwide box volumes up 8.8% in June
PSA Corporation saw its global container throughput for June rise 8.8 per cent over the year before, thanks to volume growth at its terminals both at home and abroad.
Philippine seafarer's certs still recognised by flag states
THE world's leading flag states have reassured the Philippines that they have full confidence in the integrity of the Philippine seafarers licensure examination system and had no plans of withholding recognition of Philippine seafarer's certificates of competency.

Air and Land Transport

Cathay expects to break even soon
CATHAY Pacific Airways, traditionally one of Asia's most profitable airlines but hard hit by the effects of Sars, said it would soon reach breakeven point as passengers return.
Air Canada gets big loan from General Electric
easyJet's load factor high despite increased capacity
China to design, make turbofan aircraft
China Southern Air to launch A-share offer
Vietnam Air to start new services to Cambodia, Japan

Features

Summer slumber
THE airlines' crucial summer season has arrived, but the industry's vital signs remain feeble.

	web site

FEFC hikes St Petersburg terminal charges Eqant supplies IP VPN to APL in China Cosco's TaiAnKou makes a splash in Korea Chinese maritime rescue units to be revamped Nordana Line takes new global software Zim upgrades Adriatic service Indian railway expansion on track: minister Bunker cost to rise El Al to fly to seventh Asian cargo destination Air Canada agrees to restructuring loan changes Malaysia offers new service to Indonesia Cathay drops week from unpaid leave scheme

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CSCL vessel, Conti Germany makes maiden call at Port of Salalah Shatrughan Sinha lists MoS' top priorities Sharp Logistics takes giant strides in shipping - ...ventures into Combi vessel handling for Persian Gulf & Iraq India signs trade pact with Mercosur Auto exports race ahead by a heady 77 pc in April-May Belarus acrylic fibre under dumping probe Huge drug market in China seen Non-quota apparels markets hold promise for India India opposes WTO proposal to phase out Customs duty ...wants to attend WTO talks on US use of 'zeroing' Indian cow dung in big demand in US! Honey exporters taste sweet success Exports through Cochin Port increase KASEZ may join hands with KPT to set up multi-point special economic zone Forex reserves dipped by $ 301 million NCAER forecasts favourable 6 pc GDP growth Assocham calls for new social contract between public & private sectors Govt to announce new grains export policy by month-end CWC to promote futures trading CII to hold seminar on service tax to seek clarifications Govt to release addl textile export quota on July 10 Term of Divestment panel extended till Oct. 2004 Agrawal re-elected President of VIA 2 of PM's entourage to speak on China at IMC today Chennai international trade fair at year-end

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JULY 7, 2003
Singapore bunker sales rise from April to May The rise in sales during May is largely attributed to a big drop in prices during that month, with IFO380 falling from around $180 p/mt at the beginning of the month to the mid $150s for much of the month, although the price rose to above $160 p/mt during the second half of May. St. Petersburg bucks trend as numbers fall across the Baltic As indications fall across North Europe, export volumes keep St Petersburg indications on the level. Bominflot personnel news Brent crude little changed as Nigerian oil flow continues Rotterdam softer but still high for prompts Brazil: Mixed market, some supply interruptions

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JULY 7, 2003
Hornbeck buys deepwater OSVs Hornbeck Offshore Services, Inc. has acquired five 220-foot class deepwater offshore supply vessels and their related business from Candy Marine Investment Corporation, an affiliate of Candy Fleet Corporation Gaz de France plans LNG from Alstom Gaz de France has signed a letter of intent for a 153,000 cu. m LNG tanker

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JULY 7, 2003
Giant tunnel boring machines offloaded at Port of Portland terminal P&O Nedlloyd moving toward environmentally friendly ship breaking Hylebos Waterway cleanup set to begin in Tacoma Senator Murray joins Coast Guard in Puget Sound oil spill announcement Philip Chow named COO of Orient Overseas Container Line

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P&O Nedlloyd's Bligh for MCA P&O Nedlloyd fleet marine manager Stephen Bligh has been named as the new chief executive of Britain's Maritime and Coastguard Agency, writes David Osler. Experts warn of crew biometric ID delays PLANS for all seafarers to carry biometric identification could take far longer than expected to implement, experts in the field have warned. Courtenay Allan dies after accident on OOCL Montreal COURTENAY Allan, transatlantic trades director for Orient Overseas Container Line, has been killed in an accident onboard the OOCL Montreal. MISC drive to land Eagle gathers pace MALAYSIA International Shipping Corp is moving to complete the acquisition of American Eagle Tankers as quickly as possible following shareholder approval.

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JULY 7, 2003
Lanka oil spill plan makes waves Greenpeace flagship released Local interests hold back port sale Toll makes peace over Tranz Rail Last engine for last newbuilding Izar breathes more easily Ferry crushes fishing boat Shenzhen throughput steeply up New US restrictions hit seafarers Bunkers go down well in Colombo Japan hull rates rising Germany eases the way back home P&ONL's Bligh appointed at MCA German owners stick with Liberia S African ports launch crane hunt N Africans combine on pollution Short-sea agreement expanded Full-page protests at La Spezia Koreans trial foreign officers OOCL executive in shipboard tragedy Agents demand Karachi labour cut

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JULY 7, 2003
Shenzhen sees sharp jump in volume China's southern port complex handled more than 4.58 million TEUs in the first half of this year, a gain of 422,900 TEUs from a year earlier. Transoceanic's Rusovich dies The founder of Transoceanic Shipping died of cancer July 3 at 82. TPG alleges French harassment The Dutch express and mail group has complained to European regulators that France is waging a campaign to protect its state mail monopoly. Malaysia's Pelepas to boost box capacity MISC shareholders OK American Eagle acquisition China revamps cabotage for empties Strong results for Port of Montreal OOCL Euro exec killed in elevator mishap Companies vie for Mumbai terminal NYK-Hinode adds multipurpose ships Volga-Dnepr names head of cargo airline China could control U.S. textile/apparel market: Trade group Infrastructure and the dreaded 'u' word

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JULY 7, 2003
Tragedy as Courtenay Allan dies aboard new OOCL ship Courtenay Allan, OOCL's widely respected and highly regarded director, Transatlantic Trade, passed away on July 4, 2003. Europe's new terminal security fees: Carriers will not pay Ocean carriers are balking at paying security charges introduced at a number of northern European terminals, denouncing terminal operators' lack of transparency and consultation. Threat of 'rampant corruption' as Mumbai Port Trust monopolises more port services Toll dominates Tranz Rail battle after deal with government US-flagged ships face tighter schedule for IMO rules Which terminals merit 'Nhava Sheva congestion surcharge'? Malaysian Government could revoke unused haulier licences Overseas terminals drive PSA to 17% H1 volume gains Volga Shipping Company wins chemical export deal

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JULY 7, 2003
Nigeria maintains oil exports Strike has not affected shipments, claims agent. Latvian Shipping tagged a 'buy' Baltic owner gets stock boost in the wake of new plan. Fire-damaged Prisco tanker ready next year Split Shipyard in Croatia to launch aframax in September following March blaze. Iraq tenders for crude exports Rates for VLCCs sink 20 World Scale points in dead market. Bligh to head up MCA P&O Nedlloyd fleet manager gets top job at UK safety agency. African congestion prompts box surcharge Europe to West Africa containership owners line up some big extra fees. MISC approves AET buy Chairman Hassan Marican denies Dato Ali resignation talk. JP Morgan has China Shipping stake US investment bank has $69m investment in high performing Hong Kong shipping company. Scrap prices turn red hot China pays up, but can rates go even higher? Hong Kong rounds up 25 ships in June Star Cruises, Wan Hai and Columbia Shipmanagement feature on port state control detention list. Shipyard chief in custody Bankrupt yard "saviour" Carl Fredrik Seim due in court over Mjellem & Karlsen affair. Bergesen set for August Oslo delisting Norwegian owner aiming to dovetail stock exchange departures. Skaugen interim profit pruned But Norwegian owner upbeat on gas and tanker prospects. Toll strikes deal with New Zealand Australian owner teams with government in bid to take over ferry operator Tranz Rail. Thailand eyes new routes Three southern provinces want to boost tourist numbers by adding services in Andaman Sea. Spain cuts Rainbow Warrior bond Authorities slash financial penalty imposed after arrest of Greenpeace flagship in Valencia. Korean boxship hits rescue vessel Rescue vessel searching for survivors of an earlier collision in Korea Straits becomes victim. Great Eastern inks anchor handlers Private Indian shipowner opts to stay at home with latest offshore vessel newbuilding order. Singapore escapes SARS fallout Maritime industry looks to have emerged largely unscathed from the killer virus outbreak.

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JULY 7, 2003
Senior OOCL executive Allan dies ACL acquires multipurpose ro-ro ship NYK-Hinode orders multipurpose ships for non-container trades Dubai-to-Iraq feeder activity resumes Indian agent continues court case against A.P. Moller Court rejects case against port of Antwerp expansion