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Royal P&O not in talks with NOL, others
A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture
DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges
THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.

Admiralty Casebook

Insurance pay-out allowed to satisfy debts despite Mareva injunction
A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.

Port Shots

PORT SHOTS
A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.

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Shipping News

Royal P&O not in talks with NOL, others
A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture
DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges
THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.

Admiralty Casebook

Insurance pay-out allowed to satisfy debts despite Mareva injunction
A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.

Port Shots

PORT SHOTS
A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.

web site

Shipping News

Royal P&O not in talks with NOL, others
A merger or acquisition could still be on the cards for Royal P&O Nedlloyd if the right opportunity presented itself, but it's not currently in talks with Neptune Orient Lines or any other carrier on this.
Maersk to invest US$181m in China terminal venture
DENMARK's AP Moller-Maersk Group will invest US$181 million in a container terminal venture in China, a source familiar with the deal said yesterday, joining a rush to profit from the country's trade boom.
Sarawak lines to raise freight charges
THE Sarawak Shipping Association will raise freight charges for Sarawak coastal ships by 15 per cent effective Sept 15 following the recent hike of international oil prices.

Admiralty Casebook

Insurance pay-out allowed to satisfy debts despite Mareva injunction
A GROUP of cargo claimants last month lost a bid in the Singapore High Court to stop a shipowner from using an insurance pay-out to satisfy its debts even though the proceeds of the policy were subject to an earlier Mareva injunction.

Port Shots

PORT SHOTS
A Royal Dutch/Shell Group-led venture's contract vessel spilled about 100 tons of heavy fuel oil and diesel after running aground near Sakhalin Island in the Pacific because of a typhoon.

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Profit rise for Cosco Pacific Fujian ports post new highs FedEx Freight expands US service centre network China, Kirghizstan sign road agreement MOL becomes Daibiru's majority shareholder Charleston box volume rises in July Cargo inspections in Dalian expedited HK, China to expand cargo services Lufthansa Cargo launches Guangzhou service Temasek sells stake in CIAS

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Varun Shipping to be listed on Singapore Exchange OSL handles 110 daughter vessels this year HSL poised to make profit More global shipping lines calling at VCT now Textile exporters dismantling bases abroad for 'home' run Indo-Pak trade rises by over 100 pc in 2003-04 Board aims to raise spices exports by 40 pc China sees 25 pc rise in box throughput Gail, Ushacomm to open offices in Singapore Italy eyes agro sector for joint ventures Bilateral trade tilts in Germany's favour Malaysian firm to build Rs 500-m marina in Kochi 45 seafood exporters get HACCP compliance certificates Shome replaces Vijay Kelkar as FM's advisor PM may now decide fate of DEPB scheme 'Hindi Week' function inaugurated at Mumbai Port Trust IMC celebrates 98th foundation day

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SEPTEMBER 9, 2004
Latest US oil inventory figures at a glance Total expands Suez supply capacity Total's new Suez operation boosted by use of bigger barge within days of launch. Japan's bunker market still in stormy waters The third typhoon in as many weeks has ripped through Japan, forcing buyers to take on extra bunkers for insurance purposes. Italy's availability improves as demand falls Good supply now seen in Italian ports with few exceptions. Bunker spill threatens Russian Far East coastline Around 100 tonnes of fuel have been spilled on the Kholmsk coastline on Sakhalin island as typhoon Songda leaves destruction in its wake. Bulgaria: New supplier pleased with start Singapore: Fuel oil inventories largely unchanged Fuel oil inventories have risen marginally, while distillate stocks see more significant gains. Mexico: Entrapment of foreign flagged vessels continues Mexican supplier reports another case of customs authorities endangering safe navigation by delaying and preventing the necessary supply of fuel. Contact details for new Singapore trading company

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SEPTEMBER 9, 2004
Emirates Skycargo launches Skylog Oman: nine transport project agreements ABX Logistics in Germany changes corporate structure Thermotraffic with Hungarocamion Dnata agrees to purchase major stake in CIAS New DFDS terminal opens in Copenhagen New director of finance at port of Dunkirk

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SEPTEMBER 9, 2004
Precious cashes in on charter rates Aker Yards clinches Ultra order but Masa Yards name goes "K" Line wins Jiangsu contract Odfjell extends newbuild series at Szczecinska

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SEPTEMBER 9, 2004
ABS surveyors monitor fabrication of first offshore LNG port buoy Sause repowers oceangoing tug Washington State Ferries CEO steps down Concordia gets 10 year time charters for two P-MAX tanks Wartsila names VP Sales

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SEPTEMBER 9, 2004
Portland port board approves purchase of Alcoa property Union Pacific Railroad plans safety blitz for Salem Port of Astoria seeks Ok for convention center project Transportation Services Index drops again during June Discussion agreement carriers eye general rate increase

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HSH Nordbank in €1bn securitisation ONLY the second securitisation of shipping loans is poised to be completed within a month. HSH Nordbank of Germany, the world's largest shipping bank, has entered the bookbuilding stage for a planned €1bn ($1,2bn) securitisation of the loans. Felixstowe company fined for death of trainee FELIXSTOWE Dock and Railway Company - which operates Britain's biggest container terminal - has been fined '250,000 ($450,000) for breaches of safety rules that led to the death of a trainee docker, writes David Osler. Owners may sue over Irish lights subsidy SHIPOWNERS campaigning for an end to UK light dues are considering legal action to stop Britain funding Ireland's lighthouses and other navigational aids. Ashes to splashes for toxic ship Ulla A SHIP loaded with toxic ash sank this week after four years at anchor off the Turkish port of Iskenderun, in a case fraught with bureaucratic and legal complexities. Reshuffle sees new energy and transport ministers TONY Blair's cabinet reshuffle has resulted in new ministers taking control of the energy and transport portfolios.

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SEPTEMBER 9, 2004
Ivan kills 20, then strengthens HURRICANE Ivan strengthened to Category 5 today as it swept towards Jamaica with winds in excess of 139kt ABP in talks over strike threat TALKS between the management of Associated British Ports and the Transport & General Workers Union are to be held on 13 September Eco-scrapping gets underway THE first environmentally-friendly scrapping operation in the Netherlands will get underway when Ecodock starts demolishing the Sandrine in Amsterdam AIS bands still disputed RIGHTS to several VHF maritime radio frequencies associated with AIS remain disputed between the US Coast Guard and MariTEL Freeport survived Frances CONCERNS over Freeport Container Port following dire reports of Frances-related destruction on Grand Bahama Island are unfounded Sovcomflot CEO outlines plans SOVCOMFLOT is aiming to fill a niche in its bulker fleet by seeking newbuilding offers from two Russian shipyards and at least one Asian yard Hanjin denies Maersk rumour Korean 'big three' to win Qatar LNGs Karachi Shipyard handed to Navy Japan weathers the storm Coast Guard starts on cutters Daehan Cement orders two EU backs French inland aid scheme Deicmar shatters another record K Line signs new iron ore contract Irish Ferries reaches agreement

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SEPTEMBER 9, 2004
Fla. transport begins Ivan Watch South Florida activated its emergency airport and seaport operations ahead of the Category 5 hurricane, which is packing 150 mph winds. Slump for transportation index After year of gains, Transportation Services Index falls for second consecutive month. Secure Port of NY/NJ, report urges Savannah boosts gate capacity House bill would counter China textile threat U.S. shareholder ups NOL stake Pusan grapples with declining trade "K" Line gets 10-year Chinese bulk contract Trans-Pacific lines hike China rates for plastic scrap TNT Logistics, CSX partner on auto parts Florida railroad back in service

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SEPTEMBER 9, 2004
A.P. Moller-Maersk invests in southern China port APM Terminals and the Xiamen Port Group reached an agreement yesterday to form a joint venture for the development of the Xiamen Songyu Container Terminal in southern China. Handling charges to rise sharply at Chittagong Seawheel fears growing truck shortage FMT wins marketing and operating deal at Richmond Gamma ray system spots plants in containers Westport's CT4 being expanded to nine berths by next fall New orders flow into Asian shipyards Korea seeks American port co-operation Korea to sign maritime pact with Iran

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SEPTEMBER 9, 2004
Two down, two to go Concordia signs 10-year charters with Progetra for latest P-MAX ships. Losinjplov rues timber mix-up Croatian owner's cargoship held by Indonesian navy on suspicion of smuggling. Eukor in bond drive Car carrier joint venture launches refinancing plan with $150m deal. Typhoon master arrested Russian captain arrested for sinking of lumber carrier, after agent's warning is ignored. Karnessis goes back to Split Croatian yard books another four tankers from a favourite Greek customer. From Luxembourg to Labuan MISC picks Malaysia's offshore exchange for secondary listing of bonds. Navy takes over Pakistan yard Parliament hands over failing Karachi Shipyard and Engineering. Amur turns it around Russian river-sea operator pulls out of the red in first half of 2004. K Line signs with Jiangsu Japanese shipowner agrees ten-year iron ore transportation deal with major Chinese steel mill. Turkey fears toxic spill Environment scare after ship held for four years sinks with cargo of fly ash still on board. Panama Canal steps up security Nine new patrol boats to police waterway, with another four on the way. Herrod sells to All Leisure UK tour operator to take over Discovery after chartering vessel for two years. Ferries forge brighter future Profit at Irish Ferries parent ICG held up well in traditionally weaker first half. Not so Nysa for VLCC World-Wide tanker could be out of action for weeks after sustaining damage in Hurricane Frances. Temasek and Paulson pile in Singapore government investment arm and US fund manager increase holdings in NOL. Indonesians arrest pirates Armed pirates that terrorised ships near island off west coast of Sarawak reportedly taken into custody. Fever scare hits OSG bulker Handysize ship quarantined off Texas coast after crewmember succumbs to mystery illness. Songda death toll rises Body count from Tri Ardhianto sinking reaches eleven as more bodies are recovered off Japanese coast.

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SEPTEMBER 9, 2004
"K" Line signs 10-year charter contract with Chinese steel producer EC transport council president urges sanctions on polluters Norwegian government proposes to revamp shipping register Hong Kong, mainland China liberalize bilateral routes DHL opens new sorting center in Denver IACC to hold 2005 conference in Houston FMCSA, motor carriers ask court for time to correct HOS rule NCBFAA: "NVOs-NIT League petition doesn't go far enough" TNT Logistics North America will open Illinois facility TSA alum joins Va. consulting firm APM Terminals, Xiamen Port Group to build deepwater terminal Coast Guard reports opens northern Florida ports open Tideworks Netherlands buys Sonu Software

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SEPTEMBER 9, 2004
Russia's Progetra signs long-time charter with Concordia We have chosen Stena as a strategic partner and we expect to order tankers together with Stena in the future ... Further Barents Sea LNG cooperation Statoil and Russian companies Gazprom and Rosneft have signed a Memorandum of Understanding (MoU) to conduct joint studies on how ... Final negotiation broke down ' strike warning A notice of warning of strike for 2,000 member of the Dana (Navigat'rforeningen) will be send out shortly after the ...