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Shipping News

Problem-free loading of US-bound cargo in S'pore
DEFYING expectations of quay-side chaos as a result of a new US Customs requirement to submit cargo manifest lists 24 hours in advance, it has been smooth sailing for the loading of US-bound boxes in Singapore since enforcement of the rule began on Feb 2.
More ships passing through Panama Canal
THE Panama Canal is moving more ships through safer, faster and more lucratively, its first quarter figures show.
Hyundai Heavy banned from securities sales
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, will be banned from selling bonds and shares for three months because it failed to provide sufficient information on its financial statements.
China's Jinzhou port inflated sales figures for 6 years
JINZHOU Port Co Ltd yesterday said it had mistakenly inflated annual sales for six years, the latest listed firm in China's murky corporate sector to own up to poor disclosure.
Butterworth terminal expands capacity
RISING volumes have prompted Penang's North Butterworth Container Terminal to push ahead with its planned expansion, lengthening its quayside to 900m in an effort to boost capacity to one million TEUS.

Air and Land Transport

NZ govt gives nod to Qantas' offer to buy Air NZ stake
THE New Zealand government has approved Qantas Airways' proposal to buy a stake in Air New Zealand, clearing a hurdle for the alliance which still needs antitrust approval in both countries.
Virgin Blue plans to start flights to NZ
Taipei, US to ink aviation safety pact in Sept
Cathay, union pilots meet
China Southern unit buys stake in Fuzhou airport
LOG Book

Features

Help fund security efforts, US govt urged
LEADERS of the maritime industry told federal officials gathered in Los Angeles that they applaud plans to protect the country's 361 ports from terrorism, but they questioned who will pay for the security efforts.

web site

Shipping News

Problem-free loading of US-bound cargo in S'pore
DEFYING expectations of quay-side chaos as a result of a new US Customs requirement to submit cargo manifest lists 24 hours in advance, it has been smooth sailing for the loading of US-bound boxes in Singapore since enforcement of the rule began on Feb 2.
More ships passing through Panama Canal
THE Panama Canal is moving more ships through safer, faster and more lucratively, its first quarter figures show.
Hyundai Heavy banned from securities sales
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, will be banned from selling bonds and shares for three months because it failed to provide sufficient information on its financial statements.
China's Jinzhou port inflated sales figures for 6 years
JINZHOU Port Co Ltd yesterday said it had mistakenly inflated annual sales for six years, the latest listed firm in China's murky corporate sector to own up to poor disclosure.
Butterworth terminal expands capacity
RISING volumes have prompted Penang's North Butterworth Container Terminal to push ahead with its planned expansion, lengthening its quayside to 900m in an effort to boost capacity to one million TEUS.

Air and Land Transport

NZ govt gives nod to Qantas' offer to buy Air NZ stake
THE New Zealand government has approved Qantas Airways' proposal to buy a stake in Air New Zealand, clearing a hurdle for the alliance which still needs antitrust approval in both countries.
Virgin Blue plans to start flights to NZ
Taipei, US to ink aviation safety pact in Sept
Cathay, union pilots meet
China Southern unit buys stake in Fuzhou airport
LOG Book

Features

Help fund security efforts, US govt urged
LEADERS of the maritime industry told federal officials gathered in Los Angeles that they applaud plans to protect the country's 361 ports from terrorism, but they questioned who will pay for the security efforts.

web site

Shipping News

Problem-free loading of US-bound cargo in S'pore
DEFYING expectations of quay-side chaos as a result of a new US Customs requirement to submit cargo manifest lists 24 hours in advance, it has been smooth sailing for the loading of US-bound boxes in Singapore since enforcement of the rule began on Feb 2.
More ships passing through Panama Canal
THE Panama Canal is moving more ships through safer, faster and more lucratively, its first quarter figures show.
Hyundai Heavy banned from securities sales
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, will be banned from selling bonds and shares for three months because it failed to provide sufficient information on its financial statements.
China's Jinzhou port inflated sales figures for 6 years
JINZHOU Port Co Ltd yesterday said it had mistakenly inflated annual sales for six years, the latest listed firm in China's murky corporate sector to own up to poor disclosure.
Butterworth terminal expands capacity
RISING volumes have prompted Penang's North Butterworth Container Terminal to push ahead with its planned expansion, lengthening its quayside to 900m in an effort to boost capacity to one million TEUS.

Air and Land Transport

NZ govt gives nod to Qantas' offer to buy Air NZ stake
THE New Zealand government has approved Qantas Airways' proposal to buy a stake in Air New Zealand, clearing a hurdle for the alliance which still needs antitrust approval in both countries.
Virgin Blue plans to start flights to NZ
Taipei, US to ink aviation safety pact in Sept
Cathay, union pilots meet
China Southern unit buys stake in Fuzhou airport
LOG Book

Features

Help fund security efforts, US govt urged
LEADERS of the maritime industry told federal officials gathered in Los Angeles that they applaud plans to protect the country's 361 ports from terrorism, but they questioned who will pay for the security efforts.

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Exel puts US$10m on table for Sinotrans H offering WTS appoints greater China distributors for AMS product Penang's North Butterworth Terminal to undergo expansion Singapore's Yeo to go to WTO meet in Tokyo Wallenius improves North Atlantic and RTW services EMTA to introduce BAF, restores rates Syntegra, HP to develop air, logistics sectors in China World air freight traffic rises in December, says IATA Delta begins taking online bookings via GF-X

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FEBRUARY 12, 2003
Atlantic rates higher from April 1st The Trans-Atlantic Shipping conference (TACA) gave notice that it will be publishing a Westbound two part general tariff rate increase programme during 2003, the first phase effective April 1st and the second, effective 1st October. Geodis signs with Alstom transport On 16 January, Geodis signed a European-scale logistics contract with Alstom Transport SA. New CEO for Roadway Roadway Corp. announced today that Michael W. Wickham, Chairman of the Board and Chief Executive Officer, will step down as Chief Executive Officer and continue in the position of Chairman of the Board effective with his retirement on March 26, 2003. US Airways federal loan guarantee approved The Air Transportation Stabilization Board (ATSB) unanimously approved its $900 million federal guarantee of a $1 billion loan for US Airways. Less loss for SAS SAS, the joint carrier of Sweden, Denmark and Norway, lost 284 million kronor ($33.2 million) for the three months ended Dec. 31 in contrast to a loss of 997 million kronor a year ago. TNT to takeover warehousing Pirelli TNT Logistics is significantly extending its partnership with tyre manufacturer Pirelli. TNT Logistics will immediately take over the entire warehousing activities at the German-based Hochst/Odenwald production site, which until now had been carried out by the manufacturer.

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FEBRUARY 12, 2003
US Gulf markets 'dead as a doornail' Argentina market update Uruguay: Avails to improve soon Big jump in prices as Brazil plays catch-up Panama: New terminal near Balboa improves stock situation Daily Bunker market report from Praxis Energy Agents Saudi and Russian oil output up in January Oil slips slightly after US oil inventory statistics Canary Islands: Las Palmas awaits replenishment Piraeus levels drop as slight bad weather delays evaporate Istanbul: Market quiet, few suppliers quoting this week Israel: New tanker age restrictions Gibraltar indications maintain high levels despite no real gains Crude firms as Iraq rejects peacekeepers, tug of war continues Weekly African market report from GAC New Saudi posted prices, market firm Taiwan: OPL bunkering resumed at Kaohsiung Rotterdam firm, barge market very active

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FEBRUARY 12, 2003
Deutsche BA grounds 500 aircraft F.S. Mackenzie foresees increased traffic to the Balkans Geodis signs logistics contract with Alstom Transport SA Norfolk Southern names Moorman as its senior VP corporate services

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FEBRUARY 12, 2003
Interaction the cause behind collisions between Swedish and Finnish vessels De Ruiter criticised by Bimco 11,000 risky vessels in the world

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FEBRUARY 12, 2003
Panama Canal sees gains for first fiscal quarter of 2003 Stelmar buying half-a-dozen double-hull Handymax vessels MARAD adds two more RRF ships to Operation Enduring Freedom lineup Port of Tacoma looks to join Customs C-TPAT program Puget Sound ports present second annual China Conference

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Parker's lifetime award crowns industry tribute A LIFETIME achievement accolade for Julian Parker, who retires this year after serving as inaugural secretary of the Nautical Institute since 1973, brought the Lloyd's List Maritime Excellence Awards 2003 to a fitting finale in London last night. P&O Nedlloyd says opentop overhaul is way forward MOVES to revise the method of measuring the size of opentop containerships has been welcomed by P&O Nedlloyd, which has several ships of this design in its fleet, writes Janet Porter. Transparency has industry leaders at loggerheads SHIPOWNER heavyweights took opposing views yesterday over transparency, an issue that continues to vex the industry. Jinzhou Port Co sued in first foreign-related China lawsuit JINZHOU Port Company in northeast China stands accused of seriously accountin irregularities, after it was revealed that it reported Yuan487.44m ($58.88m) in non-existent revenue from 1994 to 2000.

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FEBRUARY 12, 2003
Tarrgona goes for Sante Fé EU tidies seafarer visa legislation Oil export boost for Venezuela Bunkerers welcome EC proposal Black Sea-Baltic rail link launched Ecuador banana exports restricted Frustrated Guatemala challenges US Arklow ship 'possibly' in collision ISPS threat to substandard flags Intelligence co-operation revealed Balearia adds to fast ferry fleet GL to research double hull blasts UECC breaks Spanish monopoly Ballast bugs now Lakes' priority Koreans bullish about building Icebreakers ease Petersburg flow Stena, Finnlines switch ships Maersk bids to solve Genoa friction Algeria responds to safety request HDW yard in surprise cutback

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FEBRUARY 12, 2003
Higher alert status gets attention The elevated terror alert status is leading to tighter security at ports of entry for people and cargo and among potential industry targets. Love is in the air-cargo for holiday Air-cargo carriers are scrambling to ensure that flowers, chocolates and other expressions of love reach that special person by Valentine's Day. Cargo boosts BAA January results The world's biggest airports operator posted a 3.9 percent rise at its seven U.K. hubs. Carriers, NVOCCs take sides on confidentiality rule changes CMA CGM enters breakbulk trade Volga-Dnepr launching cargo airline Schenker acquires U.S. 3PL Pakistan introduces simplified shipping document TNT Logistics to handle Pirelli warehousing Mississippi port to expand cold storage Hot dog! Phoenix gets Townsend forwarding Teekay will raise $125M NAL appoints new supply chain director

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FEBRUARY 12, 2003
Over-stretched Shenzhen banks on new berths A Shenzhen port official admitted today that the southern Chinese port is handling far more cargo than the original design capacity of the terminals. Streamlined MSL moves closer to big customers Maersk Sealand (MSL) is breaking up its six regional offices, in a bid to increase efficiency, and especially to free senior managers to win business from larger customers. Shock resignation hints at Dutch port infighting Owners take the helm as charter rates climb New Klang 'free zone' to boost transhipment business ICF streamlines Swiss services Safmarine launches US Gulf/West Africa MPV service Panama Canal terminals have mixed year

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FEBRUARY 12, 2003
Investors offer up 31% of TMM bonds TMM swaps a third of junk bonds due in May for new paper, but still needs more to avoid default. Fixture sends VLCC rates soaring Brokers say Vela fixes eight for US Gulf, as loading begins and talk of war intensifies. Big-name boxships held in Hong Kong Another Evergreen vessel among culprits detained in January. Belgian demands asbestos removal on scrap ship Environment campaigners Greenpeace highlight plight of demolition ships. Navibulgar needs cash injection Director of Bulgarian owner says German loan is vital to survival. Refloated B+H tanker sails for US Danish authorities stopped Novoship tanker with motor and steering problems last month. Prestige oil removal favoured Advisory committee narrows down options for wreck's cargo. Hyundai Heavy banned from selling shares Korean financial watchdog clamps down on shipbuilder over accounts changes. HDW to cut a fifth of workforce German shipyard axing 750 jobs as a result of increased competition for cruiseship and ferry orders. NYK targets Chinese bulk business Japanese giant's new unit opens offices in Hong Kong and Shanghai to boost non-liner trade. Primorsk gives glimpse of 2002 figures Russian tanker owner expands interests as it grows tanker fleet with newbuildings. Israel tightens up on tankers Crude tankers over 20 years of age banned from Gulf of Eilat, according to transport ministry. Torch terminates ship charter US offshore operator calls a halt to deal after vessel fails to live up to specifications. Australia hauls in five capesizes Inspectors detain 22 ships during January, several with oil pollution prevention gear defects. Maritrans posts rise in profits US tanker operator sees increase in full year results but its main markets remain depressed. Numbers up for Suez Canal Ship numbers and revenue at the strategic waterway have seen significant increases on 12 months ago.

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FEBRUARY 12, 2003
Safmarine launches multipurpose U.S. Gulf/West Africa service U.S. Maritime Administration calls more ships to support the military NYK moves into China's non-liner business Delta customers begin booking cargo reservations on GF-X portal Intermodal traffic picked up in 2002 Roadway CEO Wickham steps down, leadership transition set in motion Ecu-Line starts weekly Rio Haina/Antwerp service Fourth-quarter revenues, profits soar at expeditors UTI joins freightforward Europe association Exel creates Nordic business group Manhattan Associates says 2002 net income rose 56% Schenker acquires CCW Group New York-New Jersey terminals refute truckers' complaint to fmc