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Shipping News

India strike costs lines US$10m in lost cargo
INDIA's transport strike may be over, but shipping lines now have to grapple with up to US$10 million in lost cargo revenue and the resulting congestion and delays as the country's ports cope with massive backlogs.
G8 push for tanker safety, vow to help poorer countries
THE Group of Eight gave a verbal push here on Sunday for tougher measures against decrepit oil tankers and reaffirmed their vows to help poorer countries, but skirted tougher environmental issues that have divided the US and Europe.
S Korea allows 7 container ship routes to Chinese cities
THE South Korean government has allowed local container ship operators to run their ships on seven routes between Incheon and Chinese cities from the end of May.
Carnival orders ship
THE world's biggest cruise firm, Carnival Corp, said it had reached an agreement with Fincantieri for the state-controlled Italian shipbuilder to build a new cruise ship costing US$500 million.

Air and Land Transport

New Sats security charge upsets freight forwarders
A showdown has erupted between air freight forwarders and Singapore Airport Terminal Services over an imminent new security surcharge.
Qantas still keen on tie-up with Air NZ
Air NZ to raise int'l fares by 3% next month
Several Asian carriers may delay delivery of new planes
Shanghai Airlines chalks up Q1 loss

Strait Talk

Launching of AIS will raise issue of safe vessel speed
VERY soon all ships of any size will have to have automatic identification system equipment on board.

web site

Shipping News

India strike costs lines US$10m in lost cargo
INDIA's transport strike may be over, but shipping lines now have to grapple with up to US$10 million in lost cargo revenue and the resulting congestion and delays as the country's ports cope with massive backlogs.
G8 push for tanker safety, vow to help poorer countries
THE Group of Eight gave a verbal push here on Sunday for tougher measures against decrepit oil tankers and reaffirmed their vows to help poorer countries, but skirted tougher environmental issues that have divided the US and Europe.
S Korea allows 7 container ship routes to Chinese cities
THE South Korean government has allowed local container ship operators to run their ships on seven routes between Incheon and Chinese cities from the end of May.
Carnival orders ship
THE world's biggest cruise firm, Carnival Corp, said it had reached an agreement with Fincantieri for the state-controlled Italian shipbuilder to build a new cruise ship costing US$500 million.

Air and Land Transport

New Sats security charge upsets freight forwarders
A showdown has erupted between air freight forwarders and Singapore Airport Terminal Services over an imminent new security surcharge.
Qantas still keen on tie-up with Air NZ
Air NZ to raise int'l fares by 3% next month
Several Asian carriers may delay delivery of new planes
Shanghai Airlines chalks up Q1 loss

Strait Talk

Launching of AIS will raise issue of safe vessel speed
VERY soon all ships of any size will have to have automatic identification system equipment on board.

web site

Shipping News

India strike costs lines US$10m in lost cargo
INDIA's transport strike may be over, but shipping lines now have to grapple with up to US$10 million in lost cargo revenue and the resulting congestion and delays as the country's ports cope with massive backlogs.
G8 push for tanker safety, vow to help poorer countries
THE Group of Eight gave a verbal push here on Sunday for tougher measures against decrepit oil tankers and reaffirmed their vows to help poorer countries, but skirted tougher environmental issues that have divided the US and Europe.
S Korea allows 7 container ship routes to Chinese cities
THE South Korean government has allowed local container ship operators to run their ships on seven routes between Incheon and Chinese cities from the end of May.
Carnival orders ship
THE world's biggest cruise firm, Carnival Corp, said it had reached an agreement with Fincantieri for the state-controlled Italian shipbuilder to build a new cruise ship costing US$500 million.

Air and Land Transport

New Sats security charge upsets freight forwarders
A showdown has erupted between air freight forwarders and Singapore Airport Terminal Services over an imminent new security surcharge.
Qantas still keen on tie-up with Air NZ
Air NZ to raise int'l fares by 3% next month
Several Asian carriers may delay delivery of new planes
Shanghai Airlines chalks up Q1 loss

Strait Talk

Launching of AIS will raise issue of safe vessel speed
VERY soon all ships of any size will have to have automatic identification system equipment on board.

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AP Moller Group's 2002 results up DKK3.5 billion OOCL SBX Service turns five FPS moves massive watertank to China from Australia Collyer new agent in Singapore for CP ships Pancon offers two new services SSA appointed Eukor Car Carrier's agent TPG first quarter net income falls 2.1 per cent Wes Wyatt buys forwarder firm DF Young, son in charge ProLogis opens representative office in Shanghai America West Cargo introduces delivery product, web site Air France, Alitalia sign maintenance agreement HAFFA thanks airline industry for help during outbreak FedEx begins new ad campaign

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MoF gives textile sector more time to declare stocks to avail of Cenvat credit Apparel park for Solan in HP SARS & war fail to bug India Inc Exports post impressive 18 pc growth to touch $ 51.7 billion in 2002-03 Move to develop airport in Surat Cess waived on tea exported by SEZ units TCI to venture into power generation RBI's credit policy fails to tackle demand slump, says AIAI chief - BR, CRR cut by 0.25 percentage points Exports to China up by 96 pc in 2002-03-Jaitley Indiatech expo in Ethiopia turns out to be a grand success GRI for US-bound cargo to come into effect from May 1 TCS may submit report on coastal shipping in 7 months: Sinha SCI may be required to undertake ship-to-ship crude discharge at Vadinar SCI awaits CCEA nod for VLCCs purchase Hamburg Sud takes over liner business of Kien Hung MbPT Officers' Assn to felicitate Sinha on May 1 DVS Raju-led consortium set to sign pact with AP govt on Gangavaram port project OSL sets new records at Paradip Port BCHAA apprises members of biennial convention at Hyderabad-Preparations in full swing as convention evokes good response - FFFAI's 40th anniversary celebrations UN grain cargoes heading for Iraq

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APRIL 29, 2003
Iraqi oil output could more than double in 5 years Initial Iraqi oil production not for export Panama: Good avails to return by next week Uruguay market update Demand and strained avails push up prompt numbers in Fujairah OPEC basket price on target last week, could fall this week Oil at 5-month low on expectation of stockbuild, weaker demand Many factors conspire to keep Hong Kong quiet St Petersburg stable, demand increasing

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APRIL 29, 2003
Broström report strong quarterly result G8 ministers wants to speed up tanker phase-out Concordia steaming ahead

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APRIL 29, 2003
Maersk Line Limited approved as MSP operator Will assume direct operation of 15 ships NOL to sell American Eagle to MISC Will concentrate on core container businesses More pull for Hawaii tug Nautican nozzles and triple rudders boost performance Hoegh set for privatization Family makes offer for all outstanding shares. Big "A" frame Resolve Towing says new unit is largest in Southeast

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'Godmothers' line up for cruise clash THE battle of the godmothers warmed up yesterday with an announcement by Italian cruise line Costa Crociere that Ines Sastre will name the Costa Mediterranea in Naples next month. American Eagle lands in MISC's $1bn talons MALAYSIA International Shipping Corp will buy Neptune Orient Lines' tanker arm, American Eagle Tankers, in a deal worth $1.1bn, it was revealed yesterday. Umm Qasr port opens for aid but conditions are tough UMM Qasr is now open for humanitarian aid consignments, and tentatively even commercial cargoes, more than a month after being taken by coalition forces. Fender Care, Heidenreich Lightering form alliance FENDER Care Marine of the UK has teamed up with Heidenreich Lightering of the US, a Per Heidenreich company, in a new "worldwide alliance". Arkangel offers more than a wing and a prayer LLOYD'S List sister company Marine Risk Consulting and Investigations has launched a Ship Security Alert System called Arkangel in response to legislation adopted last year by the IMO on maritime security, writes Neville Smith.

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APRIL 29, 2003
Rulings open door for introduction of new technology at West Coast ports An arbitrator set the guidelines for waterfront employers to begin the process of implementing new technology that should streamline cargo-handling at West Coast ports. Rohrmann boosts e-booking The DHL executive urged the air-cargo industry to "take bold steps" amid commercial aviation's worst-ever crisis. Maersk Lines wins rights to 15 MSP ships UPS Airlines launches priority air-cargo service USSEC hikes eastbound rates Kuehne & Nagel profit falls McGreevey kicks off N.J. port rail project Cathay expands freighter lift Lower volumes trip Kansas City Southern OAG Cargo retooling for the Web Panama Canal tonnage up in 2Q China eyes lease of two Russian ports

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APRIL 29, 2003
NOL: Wounded giant with a chance to turn it all around Selling its tanker business should clear enough debt to let troubled colossus Neptune Orient Lines (NOL) become a market leading container line and attractive merger candidate, according to one analyst. $520m divestment allows NOL to focus on containers SBB launches drive to dominate Italy's international rail S.Korea braced for impact of SARS on intra-Asia exports Carrier anger as unions close Spanish ports Port truck strike ends in New Orleans Sydney-Melbourne rail link restored, uncertainty persists New Orleans extends hours as strike halves productivity

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APRIL 29, 2003
Maersk wins MSP approval Line gets green light to operate security ships as part of main US fleet. Heidmar to roll out lightering ops Company signs new deal with Fender Care ahead of planned expansion into other US ports. Legend hoax revealed Woman fakes terrorist notes in bid to end cruise and return to boyfriend. Veteran VLCCs revive Concordia Market upturn boosts Swedish owner's first quarter results after poor 2002. Torm kept off Norden board Conflict of interest fears means 33% shareholder has no director. MISC snaps up AET NOL ends months of speculation over future of tanker arm by confirming $445m sale. First quarter cheer at Sincere Taiwanese bulker specialist follows up strong 2002 with profitable first three months. NOL focuses on boxships Sale of tanker arm AET will chop gearing in half and increase importance of container operations. Brostrom sails ahead Strong freight market boosts Swedish petrochemical specialist. Lithuanian Shipping's profits cut to the bone Dry cargoship owner posts slim first quarter earnings as privatisation looms. UK Club cracks down on 14 ships Top P&I insurer still finds vessels that cause concern. US broke own rules in race to rebuild Iraq Umm Qasr port reconstruction deal sparks new controversy. Upswing at U-Ming Taiwanese bulker owner almost equals 2002 profit in first three months of this year. DFDS and Lys-Line put pen to paper Danish owner and Norwegian subsidiary sign new paper transport contract with Norske Skog. Wartsila revs up Top marine engine manufacturer has good first quarter. Incat to shake off state debt burden Sale of latest ferry to Trasmediterranea will pay back government and help finance another ship. Hoegh family snap up shares Norwegian shipping dynasty splash out another $27m on taking Leif Hoegh private. Boom continues at Yang Ming Taiwanese boxship owner rides wave of higher freight rates in first quarter. SembCorp sees increase in underlying profits Stronger tanker rates and SARS threat fails to dent first quarter profits at Singapore repair group.

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APRIL 29, 2003
USSEC raises eastbound general tariff rates Maersk Line Ltd. to take control of 15 MSP ships Neptune Orient Lines sells tanker arm to MISC Safmarine to join Maersk Sealand in Europe/India trade Asia/Mediterranean carriers add Algerian congestion charge MOL joins "K" Line, Yang Ming on new Asia/Med link Central american air carrier to add European connection Lufthansa Cargo to offer cargo management for smaller airlines UPS airlines offers guaranteed service for large freight DHL Danzas Air & Ocean expands U.S. LCL gateway services Thompson retires as MTMC chief of staff Dynalink picks Descartes software to oversee shipment status