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Shipping News

Shipowners push terms on seafarers
ASIAN shipowners have reiterated their stand that seafarers' conditions should reflect the social and economic standards of their home countries, even while noting a 'serious' shortage of Asian seafarers.
Freight rates soar to record levels on China demand
WORLD freight shipping prices, particularly the cost of transporting dry raw materials, are steaming ahead at record levels, powered mainly by China's insatiable demand for bulk levels of imported commodities.
China ports race to cash in on boom
Beiliang port in Dalian is eyeing a much bigger catch than the clams in the nets of the fishermen who line the wharf of this fast-growing Chinese city.
China Shipping plans bond sale to fund fleet expansion

Air and Land Transport

3 missing as ship catches fire
THREE people were missing and eight rescued after a fire ripped through a South Korean cargo ship sailing off the southernmost island of Jeju yesterday, police said.

web site

Shipping News

Shipowners push terms on seafarers
ASIAN shipowners have reiterated their stand that seafarers' conditions should reflect the social and economic standards of their home countries, even while noting a 'serious' shortage of Asian seafarers.
Freight rates soar to record levels on China demand
WORLD freight shipping prices, particularly the cost of transporting dry raw materials, are steaming ahead at record levels, powered mainly by China's insatiable demand for bulk levels of imported commodities.
China ports race to cash in on boom
Beiliang port in Dalian is eyeing a much bigger catch than the clams in the nets of the fishermen who line the wharf of this fast-growing Chinese city.
China Shipping plans bond sale to fund fleet expansion

Air and Land Transport

3 missing as ship catches fire
THREE people were missing and eight rescued after a fire ripped through a South Korean cargo ship sailing off the southernmost island of Jeju yesterday, police said.

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Shenzhen handles more boxes over first 10 months than in 2003 NYK Logistics opens Shenzhen office K+N to construct logistics centre in Turkey BCT secures US$36m expansion loan CP Ships discloses details of internal trading investigation China, Kazakhstan to add 12 cross-border points Tianjin polyethylene imports down but value rises China Southern launches new Singapore service United to cut jobs SIA adds capacity to Asian destinations over holiday periods Customers flock to NWA Cargo portal Enlarged Chongqing becomes second biggest W China airport

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Sudan invites bids for building barges, floating dock India-China trade volumes pierce $ 10-bn mark MbPT Chairperson, Rani Jadhav to present Indian initiative on cruise tourism Kandla Port Trust embarking on 10-year course of expansion, modernisation 5 Indian ports to cruise along with Kenya-based CIOA to promote Indian Ocean circuit Service tax on transport agencies to be effective from Jan. 1 SafeXpress to buy planes to enter air cargo business Transporters threaten fresh strike against service tax Air cargo up by 14 pc, notes IATA 2005-06 Budget to boost infrastructure development No need to change non-ferrous waste import norms'Minister No move to lower DEPB rates'Minister DGFT clarification on deemed export benefits Govt to make apparel park scheme more attractive New subsidy scheme for cotton exports on anvil Centre gives 'in principle' nod for SEZ in UP INSA's 'Annual Review 2004' reveals exponential growth in Indian tonnage Israeli team to meet India Inc today

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DECEMBER 3, 2004
PDVSA unit rejects single hull in wake of spill Oil company gives first indications it will no longer accept single hulled product tankers in the wake of last week's spill in Philadelphia. World bunker prices reach levels not seen for months Plummeting crude markets and ample supply of fuel oil have seen global bunker prices plunge to levels not seen for several months. Special Economic Zones could make Indian bunkers attractive New Indian bunker supplier has plans to secure special economic status in more ports to allow for Indian prices to compete in the global market. Singapore: Total welcomes new trader Southern Japan: Grounding causes bunker spill Grounded containership spills fuel oil from ruptured tank.

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DECEMBER 3, 2004
Naca Logistics Group sticks to Freightgate Belgium considering road toll for trucks and cars Ryder receives DaimlerChrysler award 150 Scania trucks for Tonic Emballage in Algiers China Southern appoints Turbo China as cargo sales agent for Israel Color Line's new flagship to start maiden voyage soon P&O designates new chairman

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DECEMBER 3, 2004
Fifth RasGas II newbuilding ordered ClassNK gets UK MCA approval Frontline demerges Golden Ocean Boxed wine from Oz to Ireland

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DECEMBER 3, 2004
Kone unit acquires MacGregor Canada seeks applications for maritime security funding CP Ships Chairman asked to repay stock trading gains Farstad set to order PSV's Conrad adds $13.5 million to backlog Did missing propeller puncture Athos I?

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DECEMBER 3, 2004
Christening ceremony set for new Alaska ferry Weekly rail freight totals break freight, intermodal records Port of Tacoma launches fall issue of Pacific Gateway e-publication World Trade Center Tacoma schedules annual awards event New purchases expand Hyundai tanker fleet

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CP Ships bosses made 'improper trades' in own firm's shares PRESSURE is mounting on Ray Miles, chairman and interim chief executive of CP Ships, after the company admitted that he and a number of other senior executives made improper trades in CP Ships in May and June this year, just months before the liner group was forced to restate its earnings due to accounting errors. Costs threaten profits on Asia-Europe trades Cost pressures are threatening to ensure the profit progress of contain-er lines in the Asia-Europe trades is halted in 2005, the Far Eastern Freight Conference has warned, writes Tony Gray. Sweden in new Estonia probe after Russian spy kit claims SWEDEN is to launch a fresh probe into the sinking a decade ago of the Estonia with the loss of 852 passengers' lives amid allegations that the ferry was carrying Russian spying kit obtained by Swedish security services, writes Jerry Frank. Canadian ship carrying illegal explosives had operational links to gun-running Karine A A CANADIAN-owned vessel arrested for illegally bringing explosives to Central America has past operational links with Karine A , the ship raided by Israeli commanders for gun-running in 2002.

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DECEMBER 3, 2004
CP exec trades deemed inappropriate CP Ships reported today that share trading in May and June by chairman Ray Miles and other top executives 'should not have taken place' Crew trapped as tanker catches fire THREE seafarers have been trapped after fire broke out on an LPG tanker in seas off Jeju Island in South Korea on Sunday China targets Dalian expansion CHINA is providing incentives to foreign shipping companies to set up operations at Dalian port Two ships run aground in Japan TWO Japanese flagged ships have come to grief during typhoon-driven storm force winds, which hit Japan over the weekend FEFC faces up to soaring costs IT will be a challenge for lines to keep control of costs next year despite predicting a 17% increase in cargo on the Asia-Europe trade, FEFC chairman Adolf Adrion said today Atlantic LNG safe after quake ATLANTIC LNG has given the 'all clear' after a strong earthquake struck Trinidad yesterday No boxes for Brunswick Ennore coal terminal on hold Qatar aims to top LNG export league Sethu Canal objection rejected Australian/UAE live trade agreement Russia investigates ship sinkings Exmar to join Petronet LNG race Attitudes harden over Irish Ferries Hapag-Lloyd gains stability Philippines angry over assessment

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DECEMBER 3, 2004
First MSC call at Port Everglades Mediterranean Shipping Co. launches thrice-weekly service from terminal with annual capacity of 83,800 TEUs. ILA: No Charleston strike Kerik to lead DHS CP Ships: Chairman traded shares improperly Brazil sees no EU, FTAA deals near Tacoma expects 19% box gain ACI ends airport-to-airport trucking DHL sees China sales boost FTZ approved for Taiwan port TNT Logistics North America appoints new business VP New CEO for Con-Way unit Precious Shipping to pay off $240M debt: Report China Merchants may buy Shanghai Port stake

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DECEMBER 3, 2004
Carriers threaten withdrawal from Australia, over Part X Container-lines, led by Maersk Sealand, have warned Australia's Productivity Commission (PC) they will consider withdrawing services if the recommended revocation of Part X of the Trade Practices Act goes ahead. CP Ships share-trading investigation reports CP Ships has announced that certain company officers must provide restitution after an investigation determined certain May and June stock-trading activities 'should not have taken place', but found 'no intent to violate applicable securities laws.' 'We got it right' on capacity, say FEFC carriers, though WB/EB gap widens European terminal capacity proves major constraint in Asia-Europe trade, says FEFC Port of Long Beach recovers from logjam to produce record October Eurogate Hamburg to extend onto the Elbe bank Tacoma forecasts 19% box-growth in 2005, thanks to infrastructure projects

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DECEMBER 3, 2004
Ray Miles told to repay Internal investigation calls on CP Ships chief to reimburse proceeds of controversial share trades. RICO suit hits Kvaerner Philly Former yard bosses accused of rigging bids and cooking books in favour of Kjell Inge Rokke-controlled subcontractors. Board okays Rieber split Polar offshore specialist Rieber Shipping has finalised its seismic spin-off plans. Tsakos foots Philly spill bill We'll pay now and then 'let the insurance companies fight it out', says manager of Athos I. Wind change refloats handysize The Chios Pride has refloated unaided with no significant hull damage. New Estonia disaster probe Sweden orders new investigation into secret military cargo on ferry that sank with loss of 852 lives. Star buys time charter reefer Star Reefers has added to its owned fleet with a purchase from a Japanese owner. Aran contract goes to rival Ireland's O'Brien Shipping stunned by state tender awarding islands business to Lasta Mara. North goes for 12.5% Higher claims and dull investment outlook prompts Tyneside P&I club to decide on top end increase. Cocaine found on Maltese ship Latvian crewman arrested in St Petersburg after drugs bust. Nico buys offshore duo Dubai operator snaps up former Seacor ships for oilfield work in the Gulf. Halim Mazmin gets another $30m Malaysian owner hands over the second of two 2,680-teu boxships it sold to Mediterranean Shipping Co. Irish Ferries faces strike threat Workers angered by plans to cut 150 jobs and bring in a crewing agency on French route. Hext to join PacBasin Ex-V Ships marine services division CEO set for new role at Hong Kong handysize bulker player. Loftier perch for CMA CGM French owner spending EUR 100m on new 25-floor head office in Marseilles. Tanking! Falling crude prices, OPEC fears and negative Smith Barney report have made a tough week for tanker stocks. Ex-Stellamare on its way Heavy lift ship that sank in Hudson River heads for Bahamas repair yard under new ownership. Boxship grounds off Japan Reports of major oil spill as Chinese containership runs into trouble off Shika Island in Fukuoka.

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DECEMBER 3, 2004
Report: container, bulk shipping markets to remain strong in 2005 CMA CGM deploys second 8,000-TEU ship in transpacific Maersk Sealand firms up U.S. East Coast/East Coast South America link APL, MOL end transpacific peak season service Crowley adds fuel surcharge to Mexico, Puerto Rico cargo NWA Cargo's electronic bookings top 50% Maersk Sealand starts trans-Siberian rail link Industry backs U.S. agriculture secretary nominee Bush picks Kerik to lead DHS Loy, Hutchinson plan DHS departures U.S. meat shippers optimistic Hong Kong market will reopen soon NIT League offers one-day ocean contracting seminar Port of Nantes sets 2005 budget Port of Vancouver, Wash. appoints Boyden environmental director

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DECEMBER 3, 2004
Sparks fly on net wages Bergen-based ferry owner/operator Fjord Line accuses politicians, who are opposed to net wages beyond 1 January 2006, for ... Skuld announces 7.5 per cent general increase Skuld P&I has announced a 7.5 per cent general increase in premiums, which would be one of the lowest ... Japanese yards short of steel Japanese yard are worried about steel deliveries and may have to lower the pace of production. Steel deliveries are already ...