VLIERODAM WIRE ROPES Ltd.newsletter.maasmondmaritime.com/pdf/2004/147-13-08-2004.pdf · led to significant changes in the way the service deals with civilian craft. On the night of

DAILY SHIPPING NEWSLETTER 2004 – 147

PSi-Daily Shipping News Page 1 08/13/04

Number 147***DAILY SHIPPING NEWSLETTER***Friday 13-08-2004

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EVENTS, INCIDENTS & OPERATIONSMembers of the NicaraguanNavy participate in a Navyexercise, as part of 25thanniversary celebrations in theGolfo de Fonseca frontier withHonduras and El Salvador248km(154 miles) northwest ofManagua, Nicaragua,Wednesday, Aug. 11, 2004.Seen in the backround is smokefrom a bomb explosion

US warship's collision with dhow renews fears ofsuicide attacks

The US Navy is investigating how a small wooden boat was able to approach and ram into an aircraftcarrier in the Persian Gulf last month, military officials said. The collision appears to be accidental, navy official says, but has renewed fears of suicide attacksagainst US warships. Nearly four years ago, a deadly terrorist strike against a navy destroyer in Yemenled to significant changes in the way the service deals with civilian craft. On the night of July 22, a dhow smashed into the starboard hull of the USS John F Kennedy andsank. No survivors from the traditional Arab sailing boat were found. The dhow's origin, cargo anddestination are unknown.

Dhows are commonly used as both transports and fishing boats. But a dhow also was used in a fatalattack in the Gulf in April. Rear Adm Evan M Chanik, director of the programming division for the chiefof naval operations, will investigate what went wrong as the dhow closed on the Kennedy, officialssaid. The Kennedy itself was unscathed, but two jet fighters on the deck were damaged when one slid intothe other as the carrier made a hard turn to avoid the dhow, several navy officials said. 'Right nowthere is nothing to indicate this is anything other than an accident,' said Cmdr Jamie Graybeal, aspokesman for the Fifth Fleet in Bahrain. 'That it occurred is obviously not normal.'

The Kennedy was in port on Thursday at Bahrain on a visit unrelated to the collision, he said. Severalnavy officials, some speaking on the condition of anonymity because the investigation is under way,described some of the chain of events that led to the collision: The Kennedy was steaming in international waters. A fighter was approaching to land. At some point,the dhow was detected. But the Kennedy's commander decided to maintain the ship's course while itfinished the delicate operation of receiving a plane.After the plane landed, the Kennedy began a hard turn to avoid the dhow. It was too late; the boatstruck the Kennedy's hull and sank. The deck of the Kennedy pitched sideways with the turn and thejust-landed plane slid into a second fighter parked nearby. No one was hurt. Damage to the planes, anF-14 and an F-18, can be repaired.

The only other warship nearby, the British frigate HMS Somerset, was trailing the Kennedy in casesomeone went overboard during flight operations, Cmdr Graybeal said. The Somerset and Kennedy



launched boats and helicopters to look for survivors; none was found. Some debris from the dhow wasrecovered. No one has contacted the navy about a missing boat or mariners, Cmdr Graybeal said. Theofficials could not describe how far away the dhow was detected or what steps the Kennedy took tosignal the boat away.

The deadliest attack on a US ship in the Gulf came on Oct 12, 2000, when a bomb-carrying boatrammed the hull of the USS Cole, a destroyer, in the port of Aden, Yemen. Seventeen sailors werekilled. Senior Al Qaeda operatives directed the attack.This past April 24, a dhow approached an Iraqi oil platform in the Gulf. A coast guard patrol vessel, theUSS Firebolt, launched a small boat to intercept it. When the US craft approached, the dhowexploded. Two US sailors and a coast guard man were killed.Both terminals were damaged. Iraqi oil exports were halted for about a day, at a cost of US$40 millionin lost revenues. Abu Musab Zarqawi, a Jordanian ally of Al Qaeda who is operating in Iraq, claimedresponsibility on a website.

P&O OPERATING PROFIT SOARS

Top : The Pride of Provence – Photo : Rob de Visser ©

UK-based ferry, ports and property group P&O made an operating profit from continuing operations£113.1m (US$61m), more than double the £39.3 made in the same period last year. The company’s ports global ports operation saw container throughput up 27% to a record 6.6m TEUand operating profit up 40% on a constant currency basis;

P&O also benefited from the resurgence of liner freight rates through its remaining 25% stake in RoyalP&O Nedlloyd. P&O’s Chief Executive, Robert Woods, said: “This is the first set of results that havebeen produced since I took over as Chief Executive. I believe they are not only a substantialimprovement on 2003, which was a poor year, but also demonstrate the focus we are putting into thecompany. The Ports results are excellent, Property sales are on track and I am confident that theFerries review will demonstrate our determination to put that business right. The positive trading wehave seen in the first half year looks set to continue in the second half.”



US PAYS OVER US$1M A SHIP TOSCRAP REDUNDANT VESSELS

THE US government has just paid over US$1m per ship to scrap three unwanted vessels in the JamesRiver Reserve Fleet. Esco Marine, of Brownsville, was awarded the contract to dismantle all three shipsfor US$3.2m.

The James River Reserve Fleet – Photo : Coll. Piet Sinke ©

A US Maritime Administration (Marad) statement said that 37 ship disposal contracts have beenawarded since the beginning of 2001, and 24 ships have left the James River Reserve Fleet. Thatleaves about 60 still awaiting disposal. "Today marks another day of real progress as we work to address the inherited challenges of theJames River Reserve fleet," said Marad spokesman William Schubert. "Let me be very clear that we willcontinue to make progress on this issue and work to get this job done."

The three ships, the Santa Isabel, the Mormacwave, and the American Ranger, are alldesignated "high priority" for disposal by Marad. "Following the announcement we will only have twoships left in the fleet with hulls in ‘extremely poor’ condition," said Capt Schubert. "I am very optimisticthat those ships will be departing in the near future and we will be another step closer to removingthese high priority ships from the James River."

Nedlloyd on crest of waveDutch containership giant Royal P&O Nedlloyd has posted hugely improved profit figuresin a strong first-half market.



Net earnings were $81m, compared to a loss of $78m in the same period of 2003, with operating profitgrowing to $121m, against a loss of $51m the year before. Revenues were up 23% to $3.13bn, from$2.55bn.

The P&O NEDLLOYD BUENOS AIRES in Santos (Brazil) - Photo : Marcelo Lopes ©

Average freight rates rose 13% to $1,384 per teu, from $1,224 the year before, and volumes grew to1.97m teu, from 1.81m teu in 2003. Boss Philip Green said: “Subject to any unforeseen change in theeconomic environment, we expect container shipping to achieve at least $325m profit before interestand tax for this year. “During the second half, we expect that our enhanced yield management systems, together withcontinued focus on costs, will start to deliver operational benefits. “Foreseeable supply and demand trends in container shipping remain favourable.” Freight rate increases were strong in the dominant legs of the Atlantic, Pacific and Europe/Far Easttrades, Nedlloyd said. Volume growth was strong on Europe/Far East and transpacific routes,benefiting from continued growth in manufacturing in Asia.

Average costs per teu were 6% ($76 per teu) higher than in first half 2003. About $25 per teu of thiswas due to the weakness of the US dollar against the euro, yen and pound sterling. Other significant factors were higher charter costs and the worsening imbalance in the major tradesreflecting the balance of trade between Asia and Europe/North America. Ship management subsidiary Blue Star Reederei also contributed to higher revenue and operatingprofit.

Queen Mary 2 sails into ‘Fortress Piraeus’CUNARD Line’s Queen Mary 2 docked in Piraeus amid draconian security surrounding the OlympicGames that will officially be inaugurated at tomorrow night’s opening ceremony in Athens.The QM 2 heads a fleet of eight cruise ships booked as floating hotels for the Games and is charteredto remain in the Greek port until August 30, the day after the event ends. According to president of theAthens 2004 organising committee Gianna Angelopoulos-Daskalaki, the world’s largest and mostexpensive cruiseship was chosen not only to boost the deluxe capacity of the hospitality programmefor the Games but also to “add special glamour to the port of Pireaus”.

The country’s main port has been undergoing a security ‘lock-down’ in phases all week and the AktiMiaouli stretch of the waterfront adjacent to the cruiseship berths has been closed to traffic.



Belgen boos op Nederlandse binnenvaart

België is uitermate ontstemd over het voorstel van de Nederlandse binnenvaart om de vaarsnelheid opde Schelde te beperken. Waarnemend burgemeester Van Campenhout van Antwerpen noemt het het'zoveelste voorwendsel van de Nederlanders om het de Antwerpse haven lastig te maken'. Bij eenmaximumsnelheid van twaalf mijl per uur wordt Antwerpen volgens hem veel moeilijker bereikbaar. DeNederlandse binnenvaart had deze week voorgesteld de vaarsnelheid te verlagen, omdat veel hardervarende zeeschepen hinder opleveren voor de binnenvaartsector.

SHIPYARD NEWSSolitaire hits SembCorp

The share price of Sembcorp Industries has fallen 5.7% on renewed concern about theimpact a huge dispute over a bulk carrier conversion will have on the Singaporeshiprepairing and engineering group. SembCorp issued a new warning about uncertainties arising from the conversion dispute as itannounced its second quarter financial report showing a decline in profit.

The Solitaire is the world's largest pipelaying vessel.Investorconcern appears to centre on the long running dispute overthe conversion of the 127,432-dwt bulk carrier, Solitaire, intothe world’s biggest pipelaying vessel for the Allseas group,rather than the profit downturn. The warning related to SembCorp subsidiary, SembawangCorp, losing on a 2:1 basis an arbitration ruling relating toAllseas decision to move completion of the Solitaireconversion to Swan Hunter in the UK rather than a cheaperyard in Asia. SembCorp chief executive, Wong Kok Siew, said it was

impossible to quantify the potential impact of the Solitaire dispute. Little in the way of new developments was disclosed by SembCorp but investors appear to have beenscared by the scale of the Allseas claim of £259m ($472m) plus legal costs and the counterclaim ofSGD 287m ($167m) with legal expenses again on top.

Sembcorp is challenging the arbitration ruling that Allseas had not breached its duty to mitigate costsin its choice of yard to complete the conversion. The Solitaire dispute is setting records for a ship conversion dispute and has already led to Allseasbreaking with the Gard protection and indemnity club. Gard decided in 1988 it could no longer financethe mounting cost of litigation as part of its freight, demurrage and defence cover. SembCorp shares closed SGD 0.08 lower at SGD 2.32 following the announcement of a second quarternet profit of SGD 59.4m. SembCorp controls the biggest shiprepair and conversion operation in East Asia and also has interestsin engineering, construction and logistics.

Daewoo surprisesKorean giant Daewoo Shipbuilding & Marine Engineering (DSME) has risen above analysts’downbeat profit forecasts to post strong first-half results.



Net profit to 30 June was KRW191.6bn ($165m) from KRW 159.4bnin the same period of 2003. This was better than marketexpectations, analysts said. Sales rose14% to KRW 2.3 trillion. Cash from deliveries of ships wasbolstered by currency hedges in thesecond quarter, it said. The yard hedged its dollar-denominated contracts at lower levelsthan the increasingly strong won. Total orders secured so far this yeartotalled $3.7bn for 37 ships. Thisexceeded the annual target of $3.3bn.

Of these, 13 vessels were LNG carriers.

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Milford Haven crucial to import contractA £250M ($457M) LNG import terminal being developed in Milford Haven, UK, will be an integral partof a new 15-year gas supply contract worth an estimated £4Bn announced by Centrica, the owner ofBritish Gas. The terminal developer, Dragon LNG, is a consortium of Petroplus (20%), BG Group (50%)and Malaysian state-owned energy group Petronas (30%). BG and Petronas have each contracted toimport gas from various sources worldwide. Centrica will buy up to 3Bnm³ of natural gas fromPetronas for 15 years, starting in 2007. The terminal will have the capacity to handled 6Bnn³ a year,and this gas is expected to be distributed throughout the UK through an extension to the national gaspipeline network. A decision is still awaited on an 80km extension to the network to link it to MilfordHaven but this is likely to be approved after the long-term gas auctions being held next week. Asecond LNG terminal is also being developed at Milford Haven, by ExxonMobil in conjunction withQatarGas.



Make electronic navigational chartsmust for high-speed craft: UK

THE UK's Marine Accident Investigation Branch (MAIB) wants the International Maritime Organisation(IMO) to consider changing its High Speed Craft Code to require all high-speed craft to be fitted withelectronic navigational instruments.

In a report released last Friday, the MAIB also wants theIMO to consider requiring every high-speed passengervessel to be built with a standard layout of navigationalinstruments that can be used by two navigatorssimultaneously.The recommendations came following an investigation intothe grounding of HC Katia, a UK registered high-speedpassenger craft that was undergoing the first day of itssea trials on Dec 3, 2003.The vessel, a prototype built by Vosper Thornycroft (UK)Ltd, ran aground at a speed of 38 knots in light wind andmoderate visibility just after sunset while attempting a

turn. The vessel sustained minor hull and propeller damage and only one person was injured but itcould have been worse as the vessel was carrying 25 people, including trial crew, shipyard personnel,technicians and surveyors. lthough several operational errors, including poor passage planning andunsatisfactory bridge management practices, were found, the design and layout of HC Katia'soperating compartment and selection of navigational instruments were singled out.

The report noted that the operating compartment of HC Katia was designed for a master and chiefengineer only, with a third seat for an occasional co-pilot but with no instrumentation to help him in hisnavigational role.According to the MAIB, for any voyage longer than line-of-sight, a high-speed craft should benavigated by a type-rated pilot and co-pilot, each of whom should have ready access to well-equippednavigation and control consoles.Referring to the 1995 grounding of the passenger catamaran Saint-Malo, the MAIB said that it had, atthat time, recommended that the IMO should ensure that a separate console was provided in everyhigh-speed craft for a person whose primary role would be to navigate the vessel.The MAIB said that even then it had recommended that navigational instruments on a high-speed craftshould be specifically designed for high-speed navigation and manoeuvring. This meant that a high-speed craft should have displays that can provide real-time information of its position by usingelectronic chart displays and information systems (ECDIA) or, as an interim measure, at least,electronic navigational charts (ENC).

A Norwegian commission in 2001 made similar findings after an inquiry into the grounding andsubsequent sinking of the high-speed ferry Sleipner, in which 16 lives were lost. The Norwegian reporthad recommended that ECDIS should be introduced on high-speed craft as soon as the charts permitit, and, as a stop-gap, the commission recommended that high-speed craft obtain good electronicnavigational charts.In its report, the MAIB stressed that there is now cause to strengthen and reinforce these findings.'There appears to be a need for a standardised layout of instruments, which will not only enableoperators to move more easily between (high-speed) vessels, but would also form the basis for flagstates and classification societies to more easily approve bridge console design,' said the MAIB. It hasasked the UK's Maritime and Coastguard Agency (MCA) to convey its recommendations to the IMO



Design and Equipment Sub-Committee, which is now considering another revision of the IMO's High-Speed Craft Code.

In its report, the MAIB also lamented that there was now no requirement for flag states to approve thedesign and equipment layout of an operating compartment of a high-speed craft during the buildingstage.It also pointed out that there is no definitive standard for a flag state to use to approve theinstrumentation and control console plans. 'Much is left to the surveyor who subsequently issues apermit to operate to ensure the bridge is properly designed, manned and equipped for the plannedoperation,' said the MAIB. Flag states should be more proactive at an early stage in the design of a high-speed craft to ensurethat operating compartments are compliant with the High-Speed Craft Code, and are suitable for theintended area and mode of operation, it added.

Calling at US ports? Make sure oilrecord book is in order

LAST week, tanker owners' group Intertanko took up itscudgel when it found out that two US oil terminals hadsimply banned anybody at all, other than agent, pilot andsurveyor, from visiting vessels at their facilities.Some masters, used to being besieged by all sorts ofinspectors, superintendents, chandlers and a host of otherimportant persons with claims on their attention and time,may well be looking enviously at charters taking ships toKinder-Morgan Carteret and Perth Amboy's New Jersey,US, terminals.In reality, such a 'security policy' is a dangerous nonsenseand it is in everybody's interests that Intertanko andcommonsense prevail forthwith.I am unfamiliar with these particular terminals and the sort of trades they serve. But the danger is thatthe pattern could be widely followed elsewhere.

If that happened, the tanker industry would either stop functioning, which is highly improbable, or seeits costs shoot up because ships would have to make special calls at ports prepared to accept them totake on stores and spares, allow access to maintenance specialists and give the various inspectors,class surveyors and international safety code auditors their opportunity to check the vessel. Theowner's superintendent would also be keen to have an occasional look at the tonnage he is responsiblefor.

The New Jersey situation looks likes an extreme in unimaginative, defensive and apparently low-riskdecision-making. The two terminals have indeed solved what they see as their security problem, but inthe most selfish way possible. Virtually nobody except crew members can go on and come off the ship.It is, of course, perfectly possible to implement a rigorous security regime while allowing the businessof the vessel to proceed normally. But doing so means slightly more work. It can, presumably, betaken as read that one set of visitors not on the prohibited list at Kinder-Morgan Carteret, Perth Amboyor any other port facility in the US, is the country's coast guard (USCG).When the USCG boards tankers these days its teams are very interested in looking at the oil recordbook. What the USCG officers are looking for are signs of illegal discharge of oily waste, even if there isno evidence that it occurred within US waters. For at least a couple of years now the USCG has beenroutinely prosecuting ships' officers and owners for presenting falsified record books.



The recent case of the Aral Sea operated by the Tanker Pacific Management is typical. Members of theUSCG Marine Safety Office discovered waste oil in the overboard piping of the tanker during a routineinspection in Portland. The chief engineer of the ship was asked about the operation of the ship's oilwater separator. The engineer said it was working properly. He also said he did not know how oil couldhave got into the overboard piping.

But according to a USCG statement, 'Upon further investigation, the coast guard learned that while thevessel was at sea, (the engineer) had directed that the oil water separator be 'tricked' by running freshwater through a sensor designed to stop discharges containing oil instead of using a sample of theactual discharge. The tricking of the sensor can allow oil in excess of the legal limits to be dischargedoverboard, and explains the oil found in the overboard piping by the coast guard inspectors'.During the course of the inspection, the engineer also presented the oil record book which was foundto have created the false impression that the ship's equipment was being operated properly. Theengineer faces a maximum penalty of up to five years imprisonment, a fine up to US$250,000, andprobation for up to three years.Where management involvement can be proved, the penalties imposed can be severe indeed. So it isquite a good idea, when calling at US ports, to make sure the oil record book is kept properly and isaccurate. To this end, Intertanko has recently published a very useful book, A Guide for Correct Entriesin the Oil Record Book.

The Intertanko publication is concise and well written but still takes 32 pages, an indication thatgetting things right is not without its complexities. This is yet another must-have for the bookshelf inthe mate's office. It also ought to be required reading at training colleges.

Pont-Aven heads for repairBrittany Ferries’ brand new flagship, the 40,000-gt Pont-Aven (built 2004), was headedfor Brest Shipyard for repairs today, after a cracked cooling valve forced the ship toabandon services earlier this week. A faulty valve led to more than 1,200 tons of seawater flooding the Pont-Aven’s engine section onTuesday while the ship was docked in Plymouth.

The PONT-AVEN Photo : Chris Jones ©

Brittany Ferries was forced to cancel scheduled sailings, and other ferries were required to re-route toPoole The ship left Plymouth for Brest. It has no passengers onboard. Brittany Ferries is nowinvestigating whether the fault originated with the ship’s builder or the parts manufacturer. The Pont-Aven was delivered by Germany’s Meyer Werft yard in late March at a cost of £100m($182m). The spokesman said it was too premature to say if the shipowner would seek to recover its



losses from either party. The valve in question is part of the ship’s cooling system, which pumpsseawater into the vessel to lower the temperature of the auxiliary engines.

Nassco delivers first BP tankerSan Diego shipyard Nassco has delivered the first in a series of four suezmaxes to serveBP's Alaskan crude trade. National Steel and Shipbuilding Co (Nassco) is billing the 185,000-dwt Alaskan Frontier as the mostenvironmentally friendly tanker ever to be built. But this has come at a cost. BP contracted the tankers with Nassco in 2000 at $210m per vessel. But design difficulties with theinitial tanker produced cost overruns of $70m, already written off by Nassco parent General Dynamics.Nassco has said it thinks it has contained the losses to the first tanker.

"Nassco was acquired by General Dynamics in 1998 and they have invested more than $120m sincethen to improe our shipbuilding technologies and production efficiencies," said Richard Vortmann,Nassco president. " BP is the first customer to fully benefit from this investment, and we are extremelyproud of the ship we are delivering today."

The suezmaxes are to be operated by the joint venture Alaska Tanker Co, in which BP holds a 25%stake. They will deliver Alaskan crude to West Coast ports, including BP refineries in Los Angeles andCherry Point, Washington. The remaining vessels are to be delivered through the end of 2006.

KOTC signs $360m deal for Hyundaitanker quartet

KUWAIT Oil Tanker Company (KOTC), one of Kuwait Petroleum Corp's eight subsidiaries, has signed a$360.5m contract with Korea's Hyundai to build four new oil tankers, a top KOTC official said on

Thursday. Hyundai Heavy Industries will design, construct and deliver the tankers, including two crude oil carrierswith a capacity of 317,000 tonnes each, KOTC Chairman Abdullah al-Roumi told state news agencyKUNA. It will also build two liquefied gas and ammonia tankers with a capacity of 82,000 cubic metres each,he said. KOTC is seeking to modernise its ageing fleet

Hyundai maakt weer winstHyundai Merchant Marine heeft in de eerste helft van dit jaar een winst geboekt van 120,5 miljoeneuro. Vorig jaar noteerde de rederij nog rode cijfers. De omzet is gestegen met 30 procent naar 1,7miljard euro. De verbetering is vooral te danken aan de wereldwijde opleving in de containervaart.

CMA CGM and OOCL lead renewedboxship building surge

TWO leading container lines are reported to have placed newbuilding orders in recent weeks asGerman owners show signs of backing off.Both CMA CGM and Orient Overseas Container Line are said to have ordered more panamaxtonnage in South Korea, according to brokers, while other lines are also back in the market.



Japan’s MOL is believed to have obtained board level approval this week for a big newbuildingprogramme. Evergreen is also in negotiations.The latest spate of ordering coincides with new figures showing that the world’s boxship fleet hasdoubled over the past seven years and will expand a further 40% by 2007.Recent deliveries have brought cellular capacity to 7m teu, according to BRS-Alphaliner.This compares with a fleet of 3.5m teu in May 1997. By late 2007, capacity will break through the 10mteu barrier, the Paris firm predicts.In fact, the container capable fleet will reach this landmark by the end of next year, according toClarksons, after 8.3% growth this year and 9.6% in 2005.Even before the latest reported contracts were placed, the total orderbook was standing at almost3.4m teu teu or 48.5% of the existing fleet, BRS-Alphaliner estimates, with the delivery schedulestretching through to 2009.

The CMA CGM SEINE moored in the port of Zeebrugge – Photo : Piet Sinke ©

Clarksons puts the size of the orderbook slightly lower at 46.9%. The number of post-panamax shipson order has reached 237 units of 1.7m teu, the broker calculates, almost exactly matching the size ofthe existing fleet of that size vessel.The panamax fleet is forecast to grow by 42.5% over the next fewyears, based on current orders. But that number looks poised to move higher.

The latest orders include a quartet of 4,300 teu units placed by OOCL with Samsung Heavy Industriesat a reported $57.5m each, according to industry sources. Three of the ships are scheduled for 2007delivery with the fourth to be completed in 2008. CMA CGM is believed to have placed an order for fourpanamax units with Hyundai Heavy Industries for 2007 delivery.

But while ocean carriers are still willing to order newbuildings, some German owners are said to regardtoday’s prices as too high, and are growing alarmed not just by the level of supply in the pipeline, butthe prospects for container transportation given that infrastructure bottlenecks that will only get worseif shipbuilding activity continues to outpace port expansion by such a huge margin.

APL begint Vietnam China Express APL heeft Vietnam toegevoegd aan het netwerk van diensten. De Vietnam China Express biedtverbinding op de lijndiensten van APL vanuit Hongkong naar Noord- en Zuid-Amerika. De dienstbestaat uit een afvaart per week vanuit Ho Chin Minh Stad en is vooral gericht op de afvoer vanVietnamese export, in het bijzonder van textielproducten. APL zet twee feederschepen in voor denieuwe dienst.



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The CONDOR BAY seen here arriving in Rotterdam – Photo : Jan Verhoog ©

AIRCRAFT / AIRPORT NEWSThe secretary of the U.S. Navy GordonEngland flew for the first time on the V-22Osprey on August 11, 2004 andproclaimed the problem-plagued tilt-rotoraircraft sound, but said its cost must comedown. The Osprey, seen in this undatedphotographed during a testing at PatuxentRiver Naval Air Station, Maryland, is beingbuilt by Boeing Co. and Textron Inc.'s Bellunit and has faced close scrutiny byPentagon officials and Congress since twocrashes in 2000 killed 23 Marines. Thecurrent price tag for one Osprey is $73.3million, with a target to chop it to $58million by the 2010 fiscal year. ThePentagon is budgeted to buy 458 of them,with 360 for the Marines, 50 for SpecialOperations Command and 48 for the Navy

UK asked Alitalia to hike air fares:source

This was done to avoid Alitalia undercutting BA, it prompted similar action in Italy Britain's aviation authorities have asked Alitalia as recently as July to raise fares to avoid undercuttingBritish Airways (BA), an Alitalia source said on Tuesday, defending similar action announced recently inItaly.BA has lodged a complaint with the European Commission (EC) against an Italian request that it stopundercutting Alitalia on Rome-New York flights via London.However, the Alitalia source, who declined to be named, said the Italian Civil Aviation Authority (Enac)had simply followed the example of Britain's Civil Aviation Authority (CAA).



He cited a CAA letter in July which called on Alitalia to raise its prices on London-Tokyo and London-Osaka routes, which the Italian flag carrier had offered via Milan, undercutting non-stop BA flights toJapan.The source said Alitalia had complied with the request, adding that it followed a similar move by theCAA two years ago.'The Civil Aviation Authority asked in April 2002 to adjust as quickly as possible the fares that Alitaliaoffered on its Caracas-London (route), via Milan, to the level offered by British Airways,' the sourcesaid.

BA declined to comment and CAA officials were not immediatelyavailable for comment.BA this week accused Enac of seeking to protect Alitalia, which lostnearly two million euros (S$4.2 million) a day in the first half of theyear. EC officials on Tuesday said Italy may be entitled to compelcompetitors to its airline to raise fares under the terms of itsinternational bilateral air service treaties with other countries. Theofficials added that the commission was not going to take immediateaction against the Italian request.

Alitalia was granted a 400-million euro emergency loan by itsgovernment last month but needs to produce a definitive rescue planto continue to fly. The Italian carrier has come under additionalpressure from rival airlines which have slashed prices on key routes.Enac said on Monday it was fully within its rights to prevent foreign

companies from undercutting Alitalia prices on long-haul routes. It said in a statement that it hadapproached some 40 airlines and that only BA had refused to comply with the request

Tegenvallende cijfers LufthansaDe resultaten van Lufthansa over het tweede kwartaal blijven achter bij de verwachtingen. Hetoperationeel resultaat bedroeg 149 miljoen euro. Dat is weliswaar hoger dan vorig jaar, maar lager dananalisten hadden voorspeld. De Duitse luchtvaartmaatschappij behaalde een winst van 39 miljoeneuro, tegen een verlies van 354 miljoen euro een jaar geleden. Lufthansa verwacht geen sterkeverbetering van de cijfers in de rest van het jaar, gezien onder meer de hoge brandstofprijzen.

RIJNMOND WEATHERVooruitzichten van vrijdag t/m maandag:

WISSELVALLIG!

Morgen enkele buien, in het weekend wat meer zon en een afnemende buienkans. Maandag vanuit hetzuiden wat regen. Middagtemperatuur tussen 20 en 24 graden.

© Ed Aldus 2004 VR-13 ZA-14 ZO-15 MA-16Maximumtemperatuur: 20 21 23 22Minimumtemperatuur: 16 15 15 15Zonnekans in %: 30 40 50 30Neerslagkans in %: 60 40 20 60Neerslag in mm: 5 1 0 3Windrichting kracht: ZW-4-5 WZW-3-4 W-3-4 Z-3-4



…. PHOTO OF THE DAY …..

The EVER UNITED assisted by the Fairplay 21 and Smit Polen here arriving at the EuroportPhoto : Michael van der Meer ©

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Documents

VLIERODAM WIRE ROPES Ltd.newsletter.maasmondmaritime.com/pdf/2004/147-13-08-2004.pdf · led to significant changes in the way the service deals with civilian craft. On the night of