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Shipping News

Yang Ming, shipping lines face higher war insurance
YANG Ming Marine Transport Corp, Nippon Yusen KK and other shipping companies face higher insurance costs and may suspend services to ports in the Middle East because of the United States-led attack on Iraq.
Asia freight rates seen easing from 7-year highs
WITH crude oil prices tumbling after the United States launched an attack on Iraq, Asian brokers yesterday were cautiously optimistic of a turnaround in runaway panamax dry bulk rates on expectations of more tonnage supplies.
Gulf oil moves smoothly amid war: shippers
LEADING shippers of the Gulf's vast oil supplies said their tankers were operating normally yesterday as the United States began an air bombardment of Iraq.
Shipping lanes in the Gulf remain open: report
INITIAL reports from US naval forces indicated no signs of disruption to shipping lanes in the Gulf or in the Strait of Hormuz following the start of the US-led war against Iraq, The Wall Street Journal reported yesterday.
S'pore airport, sea port win awards
SINGAPORE's airport and sea port have again been voted the best in Asia, at the inaugural Asian Freight & Supply Chain Awards 2003 held here on Wednesday.
Freighter aground on Greek beach
GEORGIAN-flagged freighter Moro II stranded on a beach near Kiato, Peloponeese due to the extreme strong winds in the area, on Monday.

Air and Land Transport

Logistics FTZ boosts Changi as cargo hub
IN a bid to remain the region's leading logistics and air cargo hub Singapore officially opened its logistics free trade zone adjacent to Changi Airport yesterday.
Two new suspected cases of killer flu in Vietnam
Asian airlines to raise fares, cut flights as bookings fall
Cuban plane hijacked to Florida
FedEx Q3 net profit up 23% on greater ground shipments
Air traffic control body gets 130m

Admiralty Casebook

HK court practical in payouts from judicial sale proceeds
TWO recent unreported admiralty judgments in Hong Kong have been cited by an international law firm as examples of the willingness of the Hong Kong Admiralty Court to adopt a commercial approach in paying out from proceeds of a judicial sale of a vessel.

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Shipping News

Yang Ming, shipping lines face higher war insurance
YANG Ming Marine Transport Corp, Nippon Yusen KK and other shipping companies face higher insurance costs and may suspend services to ports in the Middle East because of the United States-led attack on Iraq.
Asia freight rates seen easing from 7-year highs
WITH crude oil prices tumbling after the United States launched an attack on Iraq, Asian brokers yesterday were cautiously optimistic of a turnaround in runaway panamax dry bulk rates on expectations of more tonnage supplies.
Gulf oil moves smoothly amid war: shippers
LEADING shippers of the Gulf's vast oil supplies said their tankers were operating normally yesterday as the United States began an air bombardment of Iraq.
Shipping lanes in the Gulf remain open: report
INITIAL reports from US naval forces indicated no signs of disruption to shipping lanes in the Gulf or in the Strait of Hormuz following the start of the US-led war against Iraq, The Wall Street Journal reported yesterday.
S'pore airport, sea port win awards
SINGAPORE's airport and sea port have again been voted the best in Asia, at the inaugural Asian Freight & Supply Chain Awards 2003 held here on Wednesday.
Freighter aground on Greek beach
GEORGIAN-flagged freighter Moro II stranded on a beach near Kiato, Peloponeese due to the extreme strong winds in the area, on Monday.

Air and Land Transport

Logistics FTZ boosts Changi as cargo hub
IN a bid to remain the region's leading logistics and air cargo hub Singapore officially opened its logistics free trade zone adjacent to Changi Airport yesterday.
Two new suspected cases of killer flu in Vietnam
Asian airlines to raise fares, cut flights as bookings fall
Cuban plane hijacked to Florida
FedEx Q3 net profit up 23% on greater ground shipments
Air traffic control body gets 130m

Admiralty Casebook

HK court practical in payouts from judicial sale proceeds
TWO recent unreported admiralty judgments in Hong Kong have been cited by an international law firm as examples of the willingness of the Hong Kong Admiralty Court to adopt a commercial approach in paying out from proceeds of a judicial sale of a vessel.

web site

Shipping News

Yang Ming, shipping lines face higher war insurance
YANG Ming Marine Transport Corp, Nippon Yusen KK and other shipping companies face higher insurance costs and may suspend services to ports in the Middle East because of the United States-led attack on Iraq.
Asia freight rates seen easing from 7-year highs
WITH crude oil prices tumbling after the United States launched an attack on Iraq, Asian brokers yesterday were cautiously optimistic of a turnaround in runaway panamax dry bulk rates on expectations of more tonnage supplies.
Gulf oil moves smoothly amid war: shippers
LEADING shippers of the Gulf's vast oil supplies said their tankers were operating normally yesterday as the United States began an air bombardment of Iraq.
Shipping lanes in the Gulf remain open: report
INITIAL reports from US naval forces indicated no signs of disruption to shipping lanes in the Gulf or in the Strait of Hormuz following the start of the US-led war against Iraq, The Wall Street Journal reported yesterday.
S'pore airport, sea port win awards
SINGAPORE's airport and sea port have again been voted the best in Asia, at the inaugural Asian Freight & Supply Chain Awards 2003 held here on Wednesday.
Freighter aground on Greek beach
GEORGIAN-flagged freighter Moro II stranded on a beach near Kiato, Peloponeese due to the extreme strong winds in the area, on Monday.

Air and Land Transport

Logistics FTZ boosts Changi as cargo hub
IN a bid to remain the region's leading logistics and air cargo hub Singapore officially opened its logistics free trade zone adjacent to Changi Airport yesterday.
Two new suspected cases of killer flu in Vietnam
Asian airlines to raise fares, cut flights as bookings fall
Cuban plane hijacked to Florida
FedEx Q3 net profit up 23% on greater ground shipments
Air traffic control body gets 130m

Admiralty Casebook

HK court practical in payouts from judicial sale proceeds
TWO recent unreported admiralty judgments in Hong Kong have been cited by an international law firm as examples of the willingness of the Hong Kong Admiralty Court to adopt a commercial approach in paying out from proceeds of a judicial sale of a vessel.

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New Caribbean service launched by PONL, CMA CGM NYK Star Reefers to add five sailings to NZ/US service Maersk Logistics expands Chesapeake facility Proposed HK insurance laws for cargo handlers clarified Long Beach container volume down 11 per cent in February New software from Emery Forwarding eases order entry PSA wins Asia's best container terminal operator award Iraq war to put more pressure on ailing airline industry, says IATA Swiss suspends Cairo services Changi remains forwarders favourite in Asia British Airways suspends flights to Kuwait, Tel Aviv

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TCS to conduct study of integrated coastal shipping, inland waterways network International reinsurance industry - ...expands 'sensitive zone' to include Mumbai, Kandla Ports US seeks review of Indian textile subsidies $ 10-m credit extended to Suriname 5 pc rise in imports of edible oil in 2002-03 Mormugao Port sets new record in coal discharge VPT surpasses MoS handling target 13 days earlier Major Ports to use Rs 7,500 cr Budget allocation for dredging, equipment acquisition Dredging cos may soon have hands full ULA CFS-Dronagiri slated to be inaugurated this month-end Airlines slash services as traffic falls ahead of war CHA staff on agitation - Jawahar Customs MMTC-Vizag turnover may cross Rs 900 cr. this fiscal

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MARCH 20, 2003
Pacific Northwest: Good demand as MDO prices plummet US West Coast: Good demand, LA congested Waning demand as ARA markets continue to tumble Daily Bunker market report from Praxis Energy Agents (Thursday) OPEC and IEA: Oil market is, and will be, adequately supplied Gibraltar & Straits: Good demand, bad weather Oil price slide halts amid rumours of oil fires Japanese prices fail to react to bearish crude One-day customs strike in Greece may affect bunkering Singapore still straddling wide range on avails issues Italian indications sucked downwards by falling crude High winds prompt port closure in Ventspils Suez: Suppliers cautious despite good avails Chile takes steps towards a Bunkering Code of Practice Rotterdam continues bearish trend Daily Bunker market report from Praxis Energy Agents (Wednesday)

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MARCH 20, 2003
K Line to launch logistics division in Indonesia Opening of the Tradeport logistics hub in Hong Kong ICF enhances shuttle service from the UK to Italy Oman Air granted AHS 1000 certification for its handling practices Largest ever containership in Genoa Terminal Service Co., a leader in refrigerated cargo handling

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MARCH 20, 2003
Liner traffic as usual Primorsk to handle up to 1 mill. b/d Fosen may build gas ferries

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MARCH 20, 2003
Navy caution to Arab Gulf shipping Carrying contraband to Iraq or laying mines will make vessels subject to detention, seizure and destruction. IMO urges early implementation of security measures No delays in July 1, 2004 implementation date Spain under fire at Prestige hearing Strong criticism of decision to deny refuge to stricken tanker. Latest Gulf lease sale results are "impressive" The quest for "deep gas" dominated bidding at the latest MMS offshore lease sale.

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MARCH 20, 2003
Port of Seattle ups security at Seattle-Tacoma Airport Port of Portland hires Nike exec to take charge of marine division Spokane International Airport brings security to new levels Coast Guard making changes under Operation Liberty Shield FAA predicts airline industry will move more slowly toward recovery

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Msc, piano da 1,5 miliardi $ A Napoli e Salerno record di traffico

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US warning: Navy will attack any 'hostile' ship ON DAY one of the new war against Saddam Hussein's Iraqi regime, the US yesterday said its naval forces will destroy any ship in the Middle East suspected of "hostile intent", irrespective of flag. Business as usual but the warning signs start to show DAY one of war in the Gulf saw little disruption of merchant shipping activities, although there were a number of pointers to possible problems further down the line, writes David Osler. Underwriters avoid knee-jerk response with war risk rates UNDERWRITERS at Lloyd's and in the London and European companies market pushed up hull war rates and tightened cargo terms, but were said to have given a generally measured response to the crisis. Spain hires US firm to sue ABS over Prestige THE Spanish government has engaged leading US maritime law firm Haight Gardner Holland & Knight to sue ABS over the Prestigedisaster, according to reliable shipping industry sources. They added that suit was likely to be filed in federal court in the Southern District of New York.

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MARCH 20, 2003
Klaus Oldendorff Dredging deadlock deepens Relay cargo focus for Caribbean run Fruit export major in rigging probe Investigation after ice incident Russia raises oil export capacity Smit/Multraship to win Tricolor job Ports boost Hutchison figures Gulf: strikes end Iraq-Jordan trade Extradition fear for Prestige owner UK salvor reveals Prestige link Wood-chip closure blamed on port Gulf: Salalah not to cover war risk Users slam Algiers inefficiency Sky corrosion 'very, very serious' Queensland calls for passports Gulf: feeder operators work on ABS reveals tank survey obstacle US senators reject Alaska oil plan Prestige report blames Mangouras Spain under pressure over Prestige Gulf: Japanese links tightened Gulf: Korea acts on shipping safety Gulf: exporters count losses Philippines targets port investment Gulf: Aqaba set for box screening Gulf: shipping waits as war starts

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MARCH 20, 2003
Solid Feb. for West Coast cargo Double-digit growth for imports at Pacific Northwest ports despite Chinese holiday. MSC's Arena calls for long-term deals The head of Mediterranean Shipping Co.'s U.S. operations offered a proposal to soothe the bitterness of annual contract talks between shippers and carriers. Customs will keep 24-rule at 24 hours The Trade Act of 2002 will enable Customs to refine the way it collects data on ocean cargo, but it won't change the timeframe for carriers to file that data, a top official says. Hollings seeks $2B for port security No war worries for U.S. air cargo Bay Area security personnel authorize strike Lufthansa swings into black in 2002 SSA opens Washington lobby office Fesco Ocean Mgt. selects WTS Agencies' software Emirates: business as usual British Airways increases cargo fuel surcharge ICAO charts alternate Gulf air routes Indonesia says Hutchison breached terminal deal

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MARCH 20, 2003
Europe's dockers plan further targeting of lines European dockers will take focused action against companies that use seafarers to carry out 'dockers' work' if the liberalising EU Ports Package is implemented, a union official warned today. Spurned POP moves on two new targets in Mumbai Port P&O Ports (POP), barred from bidding for the second container terminal at Nhava Sheva, is pushing ahead with two other potential projects in nearby Mumbai Port. US Customs to review 24-hour requirement Rotterdam port community gets US regulation clarification CSAV boosts Europe, Asia, Africa, S.America coverage Nike executive to drive Port of Portland's logistics focus Korean lines turn two services into one Brisbane offers electronic community Transitional reunification board for Melbourne Busan aims to break 10m TEU barrier this year

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MARCH 20, 2003
Oil sinks again on signs of allied victory Prices hit three-month lows, while shipping shares trade indifferently. Dishonest insurance brokers banned Six disqualified as directors for 33 years over P&I club fraud. Container attack now more than 'likely' US security official brands shipping "uniquely vulnerable" as war plays out. TEN goes for cover Tsakos vehicle fixes two products carriers on medium-term charters. Ahead by Miles CP boss takes over at top of 'Box Club' council. Pacific Basin hooks up with Bibby Line Handysize owner takes on UK player's technical management arm. Silversea loses 9/11 battle Cruise Line's claim for $47m terror compensation rejected by judge. Klaus Oldendorff dead at 69 Managers of privately owned shipping empire pledge business will live on. Essar piles into AET bid war Indian owner moves to expand with ready-made tanker fleet. Greenpeace slams Spain's single hull hypocrisy An elderly aframax chartered by Repsol is let into La Coruna despite post-Prestige clampdown. Shipping faces its own 48-hour deadline Start of hostilities against Iraq leaves cargo owners facing cancellation of war cover. No disruption to Gulf shipping lanes But Japanese owners said to be concerned at entering northern Gulf region. Navol under the weather Romanian president Ion Iliescu says Oltenita shipyard "not quite well" after privatisation. Tanker operators play it cool "Business as usual" say Gulf loaders as Iraq strikes start. Indian owners keep fingers crossed over tonnage tax Shipping Minister Shatrughan Sinha is to push for new tax regime at crucial finance meeting. EMTA delays terminal handling charge in Israel Anti-trust authorities need extra week to examine container lines' extra cargo costs. Acquisitions pay off at Hutchison Whampoa World's biggest ports operator increases profits in 2002 after expanding its empire. Austal inks Tahiti ro-pax deal Aremiti Cruise catamaran contract marks Aussie builder's second order in as many weeks. Stelmar drydocks damaged Keymar Owner's ten-year-old aframax makes second unscheduled drydocking in less than 18 months.

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MARCH 20, 2003
Marad reviews Sargeant Marine's Jones Act vessel request Box Club elects Miles Chairman P&O Nedlloyd launches suite of online services Canadian conferences to raise rates July 1 Yang Ming bucks trend with improved 2002 operating income IMO urges governments to prepare application of new security rules Airlines bypass Gulf war zone Bond conditions regarding other U.S. agencies withdrawn U-Freight names Keller European General Manager Universal Postal Union picks Descartes solution Lawmakers: container security programs far from developed Browning: "code red" won't close all U.S. ports Johnson to head SSA's Washington activities Long Beach's February volume off 11.1%