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Shipping News

PSA volumes bounce back in Q1
PSA Corporation has enjoyed its strongest first quarter since its record throughput in the boom year of 2000, with Singapore volumes bouncing back more than 5 per cent on last year's recovery.
Anti-war protesters block APL terminal
HUNDREDS of anti-war demonstrators blocked access to the Oakland container terminal used by Neptune Orient Lines' container division APL on Tuesday before being violently dispersed by riot police.
Star borrows 298m euros to buy new ship
STAR Cruises Ltd, the world's No 4 cruise line operator, said it will borrow as much as 298 million euros to help fund the purchase of a US$350 million cruise ship.
Hanjin wins 110b won order for 2 ships
HANJIN Heavy Industries & Construction Co, South Korea's fifth-largest shipbuilder, won an order to build two container ships worth 110 billion won from a German company.
Alert ships to navy patrols
I REFER to your report 'Navy officer blamed for RSS Courageous' collision' .

Air and Land Transport

Qantas to axe 1,400 jobs as Sars, war take toll
QANTAS will axe 1,400 of its 35,000-strong workforce by June because of the combined impact of the deadly pneumonia virus and war in Iraq, the Australian flag carrier warned yesterday.
Beijing Airport's H2 earnings rise 36%
Thai Airways, ANA buy new jets
Delta retires last of ageing B727s
US air controllers made fewer mistakes last year
Lufthansa growth hit

Features

US-S'pore free trade pact a boon for cargo carriers
SINGAPORE is leading Asia in the trade liberalisation movement. Already under its belt are free trade agreements with Japan, Australia, New Zealand and the European Free Trade Association.

web site

Shipping News

PSA volumes bounce back in Q1
PSA Corporation has enjoyed its strongest first quarter since its record throughput in the boom year of 2000, with Singapore volumes bouncing back more than 5 per cent on last year's recovery.
Anti-war protesters block APL terminal
HUNDREDS of anti-war demonstrators blocked access to the Oakland container terminal used by Neptune Orient Lines' container division APL on Tuesday before being violently dispersed by riot police.
Star borrows 298m euros to buy new ship
STAR Cruises Ltd, the world's No 4 cruise line operator, said it will borrow as much as 298 million euros to help fund the purchase of a US$350 million cruise ship.
Hanjin wins 110b won order for 2 ships
HANJIN Heavy Industries & Construction Co, South Korea's fifth-largest shipbuilder, won an order to build two container ships worth 110 billion won from a German company.
Alert ships to navy patrols
I REFER to your report 'Navy officer blamed for RSS Courageous' collision' .

Air and Land Transport

Qantas to axe 1,400 jobs as Sars, war take toll
QANTAS will axe 1,400 of its 35,000-strong workforce by June because of the combined impact of the deadly pneumonia virus and war in Iraq, the Australian flag carrier warned yesterday.
Beijing Airport's H2 earnings rise 36%
Thai Airways, ANA buy new jets
Delta retires last of ageing B727s
US air controllers made fewer mistakes last year
Lufthansa growth hit

Features

US-S'pore free trade pact a boon for cargo carriers
SINGAPORE is leading Asia in the trade liberalisation movement. Already under its belt are free trade agreements with Japan, Australia, New Zealand and the European Free Trade Association.

web site

Shipping News

PSA volumes bounce back in Q1
PSA Corporation has enjoyed its strongest first quarter since its record throughput in the boom year of 2000, with Singapore volumes bouncing back more than 5 per cent on last year's recovery.
Anti-war protesters block APL terminal
HUNDREDS of anti-war demonstrators blocked access to the Oakland container terminal used by Neptune Orient Lines' container division APL on Tuesday before being violently dispersed by riot police.
Star borrows 298m euros to buy new ship
STAR Cruises Ltd, the world's No 4 cruise line operator, said it will borrow as much as 298 million euros to help fund the purchase of a US$350 million cruise ship.
Hanjin wins 110b won order for 2 ships
HANJIN Heavy Industries & Construction Co, South Korea's fifth-largest shipbuilder, won an order to build two container ships worth 110 billion won from a German company.
Alert ships to navy patrols
I REFER to your report 'Navy officer blamed for RSS Courageous' collision' .

Air and Land Transport

Qantas to axe 1,400 jobs as Sars, war take toll
QANTAS will axe 1,400 of its 35,000-strong workforce by June because of the combined impact of the deadly pneumonia virus and war in Iraq, the Australian flag carrier warned yesterday.
Beijing Airport's H2 earnings rise 36%
Thai Airways, ANA buy new jets
Delta retires last of ageing B727s
US air controllers made fewer mistakes last year
Lufthansa growth hit

Features

US-S'pore free trade pact a boon for cargo carriers
SINGAPORE is leading Asia in the trade liberalisation movement. Already under its belt are free trade agreements with Japan, Australia, New Zealand and the European Free Trade Association.

	web site

FEFC to raise eastbound rates in June due to space crunch CMA CGM, MSC to offer new pacific string Postal services to Israel from HK delayed by industrial Chinatrans opens three new branches in China U-Freight bolsters management teams in China Zim Israel strengthens market position, gets accolade Yang Ming, Evergreen form new North China/Philippines service Carotrans starts offering LAX to Chile direct service Fear of Sars outbreak does not stop cargo growth at Macau KLM to drop war surcharge Lufthansa Cargo to reduce fuel surcharge after index drops Lynden Air Freight enlarges Texas sales team Boeing to release Q1 2003 earnings on April 23

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SCI to look after ONGC's 3 MSVs KPMG to prepare report on coastal shipping India, Sweden to focus on Doha development agenda Exim Bank moots herbal products export boost Garment exports register 17 pc rise during April-Feb. 2002-03 Offshore projects fuel software/services export growth UN guidelines for suppliers of goods to Iraq IEEMA participating in Hannover fair China's Hebei Province invites Indian entrepreneurs L&T bags $ 100-m Qatar deal L&T Ramboll chosen consultant for Vizhinjam port development VCTPL to buy 4 reach stackers from Fantuzzi, Italy Indore CHAs, shipping agents defer strike - CONCOR CGM throws light on issues involved Defects may lead rlys to de-rate flat wagon capacity Holidays will deprive govt of Rs 3,000 cr. in revenue this year: AIAI chief Task Force suggests setting up of Projects Export Promotion Council New all industry rates of duty drawback for 2003-04 notified ADB to provide Rs 4,500 crore for railway projects Credit facilities for ventures abroad raised Centre gives nod for Taj Int'l airport project Inflation rate soars to record 6 pc CII asks Karnataka govt to clarify VAT issues Switch-over to raw sugar exports advised Customs, excise collection touches new high at Vizag WTC-AIMO to hold Exim Policy seminar on April 16 Export Import Workshop holds elocution contest UN directive to supply Iraq edible oil

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APRIL 9, 2003
Stiff competition in the Pacific Northwest Californian ports feel effects of extra costs Montreal & Halifax markets track East Coast movements Daily bunker market from Praxis Energy Agents US crude stocks fall against growth forecast African bunker market report from GAC Istanbul: Good avails, market quiet Shortages in Suez as market seems to stabilise Piraeus's soft stint slows down as refinery problems loom Softening Korea holds buyers back Crude steady as planned OPEC meeting overshadows Iraqi news New Saudi posted prices, markets soften Rotterdam: Weekend congestion expected

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APRIL 9, 2003
Safmarine establishes representation in Bulgaria New CEO at CargoConcept Hual's largest car carrier on her maiden voyage in Bremerhaven Lufthansa Cargo decreases fuel surcharge Ferrovie Nord Milano takes over 70% of Cargo Clay Solid growth for FedEx in the third quarter

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APRIL 9, 2003
Oil polluters hides behind "Prestige" Kvaerner Masa off short list Bergesen may be split

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APRIL 9, 2003
Kvichak delivers cat to USACE Features Hysucat foil design Vancouver yard finishing up innovative tugs Hulls were fabricated in China Lloyd's Register offers ISPS Practical Pack Downloadable help with ISPS implementation Appointment at Tampa yard Denis Buffo joins International Ship Repair

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APRIL 9, 2003
Port of Portland commissioners holding public budget hearing today US works deal with Canadian railroads for security upgrades at border crossings Seafarers rights discussion set for April 16 in Vancouver, USA Both sides of rail freight picture take positive turn during March Seventh new container ship launched for Evergreen affiliate Hatsu Marine

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Rift deepens between JP Morgan and Pegasus BANKING giant JP Morgan has warned that its financial dispute with Nicos Peraticos's Pegasus Shipping could spread beyond the three elderly tankers at the eye of the storm. Storms dash Mulheim salvage hopes Heavy weather on the Cornish coast has dashed hopes of an early discharge of the remaining scrap plastic cargo aboard the grounded coaster RMS Mulheim and damaged the jack-up rig positioned alongside the wreck. UK subjects domicile tax rules to scrutiny The Baltic Exchange has reacted calmly to a UK Government background paper reviewing tax rules which have enabled wealthy foreigners, including shipowners, to live in the country without paying tax on their world-wide income, writes Tony Gray. Controversy surrounds Prestige salvage team delay LAWYERS acting for Apostolos Mangouras (right), master of the Prestige, are seeking explanations as to why a Dutch salvage team had to wait for nearly 12 hours after arriving in La Coru'a before being ferried by helicopter to the crippled tanker.

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APRIL 9, 2003
IMO expresses concern over ISPS Szczecin channel re-opened PDVSA force majeure nears end Gianluigi Aponte: view from the top War risk surcharge hits Pakistan Brazil owners slay phantom menace SARS: TSA switches to Tokyo Saade seeks shippers' support HHLA restructured Chilean ship owner looks skyward Hoverspeed captain prosecuted Mobil to mothball Adelaide refinery Gisborne restrictions to stay Europeans in joint Pacific venture Owners keen to invest in ro-ro Angola invites port, rail investment UK gas terminal to meet shortage SARS: Australia tightens quarantine Tricolor demolition starts this week

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APRIL 9, 2003
Too early for e-seal standards: Expert New port security bill calls for federal standards for cargo seals, but one executive says that may not be as easy as it sounds. P&O Nedlloyd names N. America chief Michael J. White has been named president and chief executive of the ocean carrier's North American operations. Marad upbeat on China meeting China to spark revamped DHL growth Industry building support for NJ truck bills Pension change saves postal rates Dispute stalls Bangladesh cargo DOT tentatively approves AA-British Airways codeshare Port of Miami chooses Tideworks Technology CIT Rail Resources acquires railcar lessor BDP opens fourth Malaysia office KLM in outsource deal with Fujitsu

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APRIL 9, 2003
French line reveals North China/USWC string to start in May CMA CGM, fresh from announcing a joint service with MSC yesterday, today revealed a second new Pacific service is close to finalisation with another strategic partner. Jaques Saade calls on customers to pay real cost of shipping Shipowners are paying costs that should be paid by their customers Jaques Saade, Chairman of CMA CGM, told the Containerisation International conference this morning. Charter frenzy as index smashes through 800 point mark Shippers warned: beware NVOCC bill of lading fraud CCNI launches Australian service Brazilian Government abolishes empty container tax Dong Young extends S. Korea-Japan service to China Sinking revenues puts pressure on Tranz Rail management

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APRIL 9, 2003
Intertanko to keep Bergesen fleet Key shipowner to remain member despite Helmut Sohmen takeover. Hamburg Sud bags Kien Hung German owner finally wraps up buy on impoverished Taiwanese line. Torm considers upping Norden bid Managing director Klaus Kjaerulff says tie up makes strong concept. Spot ships 'disappoint' BP BP manager calls for more enforcement as half of ships fail internal checks. Chu Kong boosted by subsidiaries Partly-owned box terminals increased 2002 profits at Hong Kong shipping company. Nomis signals growth ambitions Purchase of Seacor Smit anchor handler could herald further expansion for UK offshore owner. Morten Werrings and Clover join forces New Norwegian shipmanagement outfit aims to grow fleet and capital base. Star Cruises gets loan for newbuilding Asia-based giant plugs discount holidays as SARS fallout bites. Budget chopped at Indian shipping ministry Under-use of funds in latest five-year period leads to review of cash available next time round. Pacific Basin beefs up management Hong Kong-headquartered owner puts in another layer as it expands. IMO may turn back on Europe Real risk of split between IMO and Europe, warns ICS chief at Intertanko conference. P&O Ports eyes growth at Laem Chabang UK company's holding in Thai terminal operator bearing fruit with new concession. Mitsui breaks into profit But Japanese shipbuilder's write-down of shares means annual figure lower than originally forecast. SSW to complete sixth boxship Bankrupt German shipbuilder gets another chance with final vessel for Erck Rickmers. GAC inks massive food aid deal UN body picks Dubai firm to help what could be "largest humanitarian operation in history". ITF advise on killer flu Union body outlines methods of protection against severe acute respiratory syndrome (SARS).

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APRIL 9, 2003
Wallenius Wilhelmsen, "K" Line to cooperate in Atlantic Hamburg Sud takes over Kien Hung services P&O Nedlloyd names White to head North American unit Marad, China begin maritime transport agreement discussions Emmett urges ocean carriers to abandon rate-setting agreements Industry weighs conflicting trends on supply and demand Airlines to reduce fuel surcharges P.A.M. finalizes deal for McNeil Schneider National names Aurig VP, regional sales FMC reviews eight OTI license applications Customs and trade security seminar for indiana shippers BDP opens logistics center in Penang, Malaysia Delaware river port tries to boost South American fruit trade "K" Line starts new Asian service at port of Savannah Maritime Advisory Council advises against new sea-21 trust fund