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PSA Int'l short-listed to bid for US group's terminal network
PSA International is among major terminal operators short-listed to bid for US-based CSX Corporation's global container terminal network, which includes key facilities in Hong Kong and mainland China.
Armed pirates loot ships at Indon ports
PIRATES with knives and axes held two crew members at knife point on Sunday as they stole cash from a ship that docked in an Indonesian port, the International Maritime Bureau said in its weekly report.
German firm TUI cancels Hapag-Lloyd IPO: source
GERMANY's TUI has cancelled plans to float shipping and cruise company Hapag-Lloyd on the stock market, a company source said late on Monday.
Fight to save HK harbour revived

Port Shots

Port Shots
NEARLY half of the staff employed by New Zealand's largest port operator, Ports of Auckland Ltd, will start a four-day strike today over a wage claim, the company said.

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Shipping News

PSA Int'l short-listed to bid for US group's terminal network
PSA International is among major terminal operators short-listed to bid for US-based CSX Corporation's global container terminal network, which includes key facilities in Hong Kong and mainland China.
Armed pirates loot ships at Indon ports
PIRATES with knives and axes held two crew members at knife point on Sunday as they stole cash from a ship that docked in an Indonesian port, the International Maritime Bureau said in its weekly report.
German firm TUI cancels Hapag-Lloyd IPO: source
GERMANY's TUI has cancelled plans to float shipping and cruise company Hapag-Lloyd on the stock market, a company source said late on Monday.
Fight to save HK harbour revived

Port Shots

Port Shots
NEARLY half of the staff employed by New Zealand's largest port operator, Ports of Auckland Ltd, will start a four-day strike today over a wage claim, the company said.

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Multinationals spur transformation of YRD logistics industry Taiwan container carriers to see growth in bottom lines Shenzhen logistics expansion on track GAC shuffles leadership for Middle East, Asia offices NOL takeover bid hots up Strike called at Ports of Auckland Palk Bay in southern India to be deepened Alitalia to axe 5,000 jobs to avoid collapse Hactl August throughput rises New set-up for air cargo terminals in Sweden

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MoS draws up Rs 10,730-cr. plan for inland waterways transport sector Draft Policy Document for Maritime Sector D.T. Joseph holds meet on utilisation of virtual jetty at Sagar Island India-Asean tariff cut plan may come into force from Jan. 2005 Ban on imports of Kiwi fruit lifted Move to upgrade 3 land customs stations in N. Bengal to boost trade with Bangladesh Indian IT warriors scout for more action arenas overseas It's boom time, folks! National panel to be set up for unorganised sector IITF 2004 (Nov. 14-27) to have agriculture & IT as major themes GITAM Institute holds workshop on 'Marine Cargo Insurance' K. T. Chacko assumes charge as DGFT'

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SEPTEMBER 7, 2004
Fujairah demand returns after lull Saudi price reduction symptom of heavy-grade surplus Analysts say Saudi Arabia's decision to cut price level on sales to the West are caused by global glut of heavy crude and fuel oil. US crude falls after long weekend OPEC President predicts $30 oil once current geopolitical issues abate. Stable numbers give way in bearish Hong Kong Suppliers move to ease concerns over high water content Suppliers based in St. Petersburg assure concerned customers that incidents of high water content in fuel from the port are isolated cases after alert is issued. DNVPS: 1990s supplier action was different DNVPS says suppliers' resistance to its bunker surveys in the early 1990s, when the company initiated the service, differs from the current 'boycott' by bunker suppliers in Singapore. Rotterdam softer, continued tight barges Singapore: PSA announces major new expansion plans PSA has announced that it will triple its expansion plans at Pasir Panjang Terminal to tackle surging container growth and congestion problems. Surveyor to make second court appearance Surveyor involved in recent corruption scandal is set to make second appearance for pre-trial conference in a Singapore magistrates court.

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SEPTEMBER 7, 2004
Forwarders swarm to Traxon Germany: truck toll on trunk roads? Exel receives BASC certification in Peru CCS ends congestion surcharge for containers in Rotterdam Aeroports de Paris to be privatised MOL launches new Indian Ocean service Iata: new regional vice president for Africa

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SEPTEMBER 7, 2004
TUI holds on to Hapag Lloyd Mersey Docks sees strong first half EC seeks approval for talks with Ukraine on Galileo MISC orders 5 more LNG ships MOL orders 5 big bulkers on back of Sumitomo deal Graig expands in China Norden shareholders hint at sell-off Robbers threatened to torch tanker

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SEPTEMBER 7, 2004
New director of USCG Investigative Service

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Torm emerges as favourite to buy Norden NORDEN'S days of independence could be numbered as the Danish bulk shipping group has effectively been put into play by two of its largest shareholders. Fredriksen lifts P&O Nedlloyd stake JOHN Fredriksen (right) has raised his intriguing stake in Royal P&O Nedlloyd, one of the world's leading container lines, writes Janet Porter and Tony Gray. TUI cancels Hapag-Lloyd IPO as Behrendt jumps on board GERMAN tourism-to-shipping conglomerate TUI has cancelled the planned part-flotation of its Hapag-Lloyd container shipping subsidiary. Maersk Sealand digs deep for major Hanjin order MAERSK Sealand has beaten many rivals to bag some comparatively early berth space at a Korean shipbuilder, but it has paid through the roof for the privilege, writes Sam Chambers in Hong Kong. Seoul gives STX green light for Pan Ocean bid A CONSORTIUM led by South Korean shipbuilder and engine manufacturer STX Corp has been selected by Seoul as the preferred bidder for one of the biggest breakbulk operators in the world, Pan Ocean.

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SEPTEMBER 7, 2004
TUI cancels Hapag-Lloyd flotation GERMANY'S largest tour operator, TUI, has this morning cancelled its flotation of containers-to-cruise shipping operator Hapag-Lloyd. Up to 49.9% of the stock was to be offered on the stock exchange by the end of the year Inter Ferry anticipates profit INTER Ferry Boats, the Belgian port and multi-modal operator, is expected to achieve a profit in 2004 following restructuring and sales, after several years of losses Florida cleans up after Frances FLORIDA is cleaning up and assessing damage today from Hurricane Frances that pummelled the state over the weekend Frances levies heavy cruise toll HURRICANE Frances has temporarily thrown the Florida cruise trade into disarray, with Royal Caribbean Cruises dubbing it "the most disruptive storm" in its history Fredriksen raises PONL stake NORWEGIAN shipping tycoon John Fredriksen is reported to have raised his holding in container shipping group Royal P&O Nedlloyd to more than 10% SpeedFerries to double up SPEEDFERRIES, the fast ferry operator linking Dover and Boulogne, is seeking a second craft and moving to all-year-round operations Hamburg Sud commits to Itapoa Ivan threatens the Caribbean Nuclear cargoes worry Ireland Nordcapital paints bright future Mersey Docks maintains momentum Hapag-Lloyd head to join TUI board Golar awaits terminal approval Norden shareholders open to offers 22 seafarers missing in typhoon Russian crude shipments up

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SEPTEMBER 7, 2004
LA-Long Beach congestion worsens Vessel back-up at record levels in Los Angeles-Long Beach as port complex digs out after Labor Day shutdown. Florida ports re-open after Frances Tampa, Jacksonville re-open to vessel traffic as Coast Guard continues to assess storm damage. Charleston box volume up NOL rejects call for bids U.S. asks China for textile export curbs Hapag Lloyd IPO off P&O Ports, Cooper/T. Smith merge in Va. Start to Singapore-EU trade talks seen Pakistan speeding up customs clearance China box maker eyes trailers

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SEPTEMBER 7, 2004
Containerlines break with conferences on security charges At least two lines have decided to break with conference directives on ISPS charges in certain trades, outlining their own security price structure. TUI cancels Hapag-Lloyd IPO The planned IPO of Hapag-Lloyd AG has been cancelled after parent company TUI said that the return would have been insufficient and it had already reduced its debt exposure sufficiently. Carriers fear CSX sale will create HK duopoly WAL's 'psychological shock' will kick-start W. Africa GRI Local says 'no sense' to Laem Chabang expansion plans French carrier first to sign up to VIM chassis programme Congestion suits foreign feeders say Bangladeshi shippers PRC's trade growth boosts China Merchants New cranes for PTP's Phase 2

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SEPTEMBER 7, 2004
Norden gets more costly Hullabaloo adds $90m to value of money-spinning Danish bulk carrier owner. Gargrave goes as axe swings Heads are rolling as Australian owner of top Lloyd's underwriting agency merges marine syndicates. Odfjell orders again Norwegian chemical carrier owner to take another two stainless steel vessels from Szczecin yard. Volga-Don has new admirer Liberian-registered company takes nearly 30% of Russian bulker owner. TMN expands Thai liner company to add more ships with help from partner Lloyd Triestino. Norden investors may quit Bid speculation rises as controlling shareholders put Danish bulker owner into play. Heavy toll from Japan typhoon Five dead and twenty missing after severe weather blights four ships. STX picked for Pan Ocean South Korean consortium beats off competitors to be selected as 'prime bidder' for bulker player. Hong Kong detains 15 August port state inspection list sees Fesco, HUBLine, Hansa Mare and Technomar ships at fault. OSG & Pronav win Qatar deals One of the biggest LNG newbuilding programmes ever is scooped by a newcomer and a ship manager. NOL's Lim offloads more stock Liner operator's chief financial officer close to complete disposal of company shares. Parent helping sickly child Metro Pacific is raising money to help Philippine ferry owner Nenaco meet immediate needs. Fredriksen builds Nedlloyd stake Norwegian owner adds 3.3% to his holding in money-making Dutch container line. Auckland strikes... Boxship stevedores call four-day stoppage in protest at pay package. Hapag-Lloyd dumps IPO plan Poor pricing prospects force German travel group TUI to abandon its debt-reduction strategy. Mersey Docks rock solid Growth in shipping and ports businesses drives profits in first half. ...and Cochin workers out too Dispute over board representation for trade union prompts Indian port walk-out. Cruise lines count the cost Royal Caribbean and Carnival sailings start to get back to normal after Hurricane Frances. MOL inks bulker bonanza Japanese owner ordering five ships of 100,000-dwt and above on back of Sumitomo Metal charters.

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SEPTEMBER 7, 2004
TUI cancels IPO of Hapag-Lloyd Four maritime unions bitter about LMSR contract awards DOT allows Polar Air to enter U.S./China air cargo market U.S. textile manufacturers want further restrictions on Chinese imports Growth continues at UTi Worldwide Port of Tanjung Pelepas orders more cranes AB Ports to build new coal terminal

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SEPTEMBER 7, 2004
Fosen banks ask for higher guarantees Fosen Mek. Verksteder (FMV) today continued their discussions with the banks, suppliers and private individuals to provide NOK 75.0 million ... A struggle to improve operating conditions Good markets and improved earnings have made it more difficult to obtain stable and predictable operating conditions for Norwegian shipping ... "Tor Anglia" goes to Danish flag Another DFDS Tor Line ro-ro vessel is going to fly Danish flag. The next one will be the 'Tor ...