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Shipping News

Efforts under way to salvage sunken S'pore-flagged ship
A 'formidable array of marine salvage expertise and equipment' is converging on the US East Coast's Hampton Roads area to begin salvage operations on the Singapore-flagged tanker Bow Mariner to recover the bodies of missing seamen and remove any remaining cargo.
Singapore port posts rise in Feb volumes
PSA Corporation's local volumes rose 7.7 per cent in February, while Singapore's emerging container terminal operator, Jurong Port, has also recorded a strong start to 2004.
HK harbour reclamation to continue as court gives free hand to govt
A seven-year battle by environmentalists to save Hong Kong's famous harbour from more reclamation ended in defeat when a court slapped down their efforts to halt building work on the busy waterway.
Hyundai Merchant sees robust 2004 earnings
HYUNDAI Merchant Marine Co, South Korea's second-largest shipping line, said it expects to report a 'significant improvement' in its earnings this year after it posted a loss of 21.1 billion won in 2003.

Air and Land Transport

Rolls-Royce sees 41,000 plane deliveries till 2022
SOME 41,000 new commercial aircraft worth US$2.17 trillion are expected to be delivered worldwide in the next 20 years, with Asia powering the market's growth, aerospace giant Rolls-Royce said.
Budget airlines fuel travel boom in Indonesia
Cathay's H2 profit falls 1% on fare discounts
Maintenance queries force Virgin Blue to fly close to airports
JAL to shed 8% of jobs in 3 years
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Shipping News

Efforts under way to salvage sunken S'pore-flagged ship
A 'formidable array of marine salvage expertise and equipment' is converging on the US East Coast's Hampton Roads area to begin salvage operations on the Singapore-flagged tanker Bow Mariner to recover the bodies of missing seamen and remove any remaining cargo.
Singapore port posts rise in Feb volumes
PSA Corporation's local volumes rose 7.7 per cent in February, while Singapore's emerging container terminal operator, Jurong Port, has also recorded a strong start to 2004.
HK harbour reclamation to continue as court gives free hand to govt
A seven-year battle by environmentalists to save Hong Kong's famous harbour from more reclamation ended in defeat when a court slapped down their efforts to halt building work on the busy waterway.
Hyundai Merchant sees robust 2004 earnings
HYUNDAI Merchant Marine Co, South Korea's second-largest shipping line, said it expects to report a 'significant improvement' in its earnings this year after it posted a loss of 21.1 billion won in 2003.

Air and Land Transport

Rolls-Royce sees 41,000 plane deliveries till 2022
SOME 41,000 new commercial aircraft worth US$2.17 trillion are expected to be delivered worldwide in the next 20 years, with Asia powering the market's growth, aerospace giant Rolls-Royce said.
Budget airlines fuel travel boom in Indonesia
Cathay's H2 profit falls 1% on fare discounts
Maintenance queries force Virgin Blue to fly close to airports
JAL to shed 8% of jobs in 3 years
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Chinese ports swamped with raw materials Weihai port offers more routes to Japan Qingdao at critical stage in port development Shenzhen throughput soars 45 per cent in February Malaysia begins pre-screening cargo destined for US APM Terminals to manage Jordanian port Ezycargo extends coverage to Japan Dragonair makes Albert Yau GM SIA considers modernising fleet Newark runway to be repaired Continental beefs up Caribbean flights

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Evergreen receives e-commerce excellence award for second year in a row Textile industry can double exports by 10th Plan-end: FITEI Vegetable oil imports to continue Zanzibar woos Indian investors CoPT board approves cut in vessel-related charges 5 cos attend pre-bid meeting called by KPT - Construction of Rs 200-cr. box terminal JNP among top 30 ports in the world - It's official! Sharp Logistics Pvt. Ltd brings first import-laden box train from Mundra Port to ICD-Dashrath No threat seen to LPG from LNG Bangladeshi shipbreaking industry hit by ship shortage CII, Myanmar chamber ink pact IMC's infrastructure convention aims at highlighting policies - A host of prominent speakers to articulate views Custom House Agents cricket match postponed

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MARCH 10, 2004
DOE & API data at a glance Port reopens following tanker explosion Saudi ports continue competitive run DNV records $42.4m profit High demand for risk and increasing tendency towards zero tolerance for accidents sees profits jump Good recent demand sees tightning avails in Piraeus South Korean early dates gain from barge bonus Japanese shipowner slapped with $2m spill fine Bunker fuel sludge and bilge water dumped into ocean, US federal court decides. Softer crude pushes Rotterdam lower US state bunker spill prevention bill signed Ship refueling operators required to have containment and recovery equipment readily available under bill

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MARCH 10, 2004
ERA's Regional Airline Conference attracts high-profile speakers Nigeria: New tax on petroleum products DPD: Cooperation with the Dutch TPG Transcameroon railway to be renovated FedEx starts Athens operations Royal Nedlloyd calls extraordinary meeting of shareholders ABX Air announces Vice Presidential appointments

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MARCH 10, 2004
ITF and ICS/ISF back Mitropoulos on "Karachi Eight" "Quiet" week for piracy Port Services directive failure presents "new opportunity" False mayday man gets jail and US$194,587 costs

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MARCH 10, 2004
Union calls for rethink on crew numbers Says new Ship Security Officer role being filled by "already overworked" officers Bow Mariner survivors hire attorneys to "assist them to find a way to provide a full statement to the Coast Guard" Telenor gears up for SSAS Expanding its Inmarsat C and Mini-C system at the Eik earth station Lloyds Register signs broader agreement with Greece First classification society to sign a new, broader, agreement on delegation of statutory services

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MARCH 10, 2004
FESCO placing into service 160 new refrigerated containers Royal Olympic Cruises has one vessel back at work Port of Everett to honor deceased former engineering boss Port of Portland taps Borossay as liner development manager Malaysia becomes member of CBP's container security team

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Greek marine minister says winning trust is key aim of government GREECE'S new Minister of Merchant Marine, sworn in yesterday as part of the government of Costas Karamanlis, has said that creating a climate of trust with the shipping industry is among the basic goals of the incoming centre-right administration. Ports at risk of missing ISPS Code deadline PORTS are shaping up as the weak link in the International Ship and Port Facility Security Code chain, with shipping lines and the European ports warning that the July 1 deadline is in jeopardy in that sector. Maersk Sealand UK feeder service a casualty of high charter rates SOARING containership charter rates have claimed a high-profile casualty, with Maersk Sealand cancelling a UK feeder service that is no longer considered commercially feasible, writes Janet Porter. ABP defends need for new terminals ONE of Britain's biggest port operators has hit back at claims that the need for further terminal capacity in the UK was exaggerated.

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MARCH 10, 2004
Putin appoints transport minister RUSSIAN president Vladimir Putin has appointed a former military logistics officer, Yury Levitin, to head the revamped transport and communications ministry in his second term New twist in Ghost ship saga A US Department of Transportation report has concluded that toxic substances on the so-called Ghost Ships pose a "negligible" threat to the environment Bow Mariner survivors tight-lipped THE investigation into the explosion and sinking of the Bow Mariner has been hampered by the survivors' refusal to give statements about the disaster Opposition to security fee mounts TWENTY-ONE shipping companies have combined to oppose the unilateral security fee that Charleston, South Carolina plans to implement on 1 July Court allows livestock trade to end EXPORTS of live Irish cattle might be coming to an end following a decision in the Irish Supreme Court that Pandoro can stop its service Atlantic LNG to resume operations A court injunction is expected to force workers in Trinidad to resume towage operations at the Atlantic LNG plant today French bid to halt fines law Philippines needs ro-ro tonnage Djibouti in huge expansion plan LR signs major Greek agreement Chinese to inspect collision bulker India tightens ship standards

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MARCH 10, 2004
Ports still target for terror: Analyst Ports will remain vulnerable unless ocean shipping works together to strengthen security. D. Post profits up, eyes U.S. mail Fourth-quarter net rose 65 percent at German logistics provider, helped by cost cuts and Airborne results. Lines oppose S.C. Ports security fee Canadian National makes offers to end strike Halifax operator net hit by loss of ACL, Maersk Osprey starts up Memphis barge service India cuts Cochin port charges Lufthansa Cargo launches second RTW freighter TNT names China JV exec, ex-APLer to tech services Kitty Hawk adds overnight service Profits lower at Sea Containers Seaboard Marine resumes Haiti service Carlyle shopping Horizon Lines: Report

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MARCH 10, 2004
China's rail-capacity stacking up Double-stack scheduled services for international cargo across China could be a matter of months away, from a standing start a year ago. Owens sells box-business to hungry Sea Containers Owens Group is shedding non-core activities and last week said it was close to divesting its Container Services, Cooltainers and Rural Transport divisions. 'Big boys' propel the market, despite some carriers' protests Development spreads across China, following Yangtze HMM shares to emerge from supervision period, reports mixed results Heung-A Shipping announces net loss for 2003 Matson moves to recover fuel costs Lower-Danube start-ups raise regional potential EFLLF's new chairmen's brief to seek new members FEPORT appoints new president and vice-presidents

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MARCH 10, 2004
Abbas death recalls Achille Lauro terror Palestinian passes at 56 in US custody. Shorting its ports US faces foreign-trade crisis if activists continue to block nationwide port expansion. Bocimar capesize newbuilding nets hot rate Waigaoqiao-built bulker fixed to Chinese charterer at record level. Bow Mariner link to other cases US Coast Guard sees methanol tanker dangers. Court steers against Lakes pilots in pay dispute US appeals panel puts issue back in Coast Guard's lap. Hudong Zhonghua boosts output Sales at Chinese yard rose by nearly 30% last year, compared to 2002. Trico takes a big hit $164m loss at US offshore operator includes $113m charge. Dead executive's family holds on to bribery cash Relatives of Gotland's Bo Petersson could keep his ill-gotten gains unless new evidence is produced. LNG carriers delayed by Trinidad strike But first vessel now reported docking as tug workers return to work today. Crunch time for Seattle Trader Philippine ship suspected of sinking trawler arrives in China for police checks. OVDS and DSD bail out of Nor-Cargo Norwegian owners sell logistics arm to state because of lack of funds to support it. Hong Kong rounds up big names Evergreen, V Ships, Dohle, SCI, Good Faith, Hansa Mare vessels all on February detention list. LR in Greek ferry first Breakthrough in domestic market and ISPS work. Petronet LNG IPO oversubscribed Indian importer gets big response in bid to raise cash for product purchase. Sulpicio Lines hit by strike Union action over labour practices keeps 22 of Philippine ferry owner's ships in port. DNV profit jumps Classification society has almost 20% of world orders on its books. Tranz Rail plans ferry revamp Existing ships not enough to meet planned growth in New Zealand.

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MARCH 10, 2004
COSCO's CEO urges more cooperation among carriers, shippers New U.S./India discussion agreement COSCO to charter another three 8,500-TEU ships NTSB faults Canadian railroad, FRA for 2002 deadly derailment FMC reviews 10 OTI license applications Ridge sees global commitment against terrorism GeoLogistics appoints CEO for Benelux area European port group worried about duplication of security rules

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MARCH 10, 2004
Sharp passenger increase on Stockholm - Riga route Riga Sea Line reports a 125 per cent increase in passenger numbers on the Stockholm - Riga route. In January, 4,860 ... Swedish tonnage tax investigation delayed A unanimous taxation committee in the Swedish Parliament has approved two motions to investigate and to introduce a tonnage based ... The Swedish Queen names East Indiaman Sweden's Queen Silvia will be the godmother of the East Indiaman "Götheborg". The naming ceremony will be held on 3 ...