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Shipping News

New 16-nation anti-piracy campaign soon in Asia
A new framework for cooperation among 16 Asian countries in the fight against piracy in the region will come into force soon.
Patrick Corp posts 25% rise in earnings, sees growth
PATRICK Corp Ltd, Australia's largest stevedoring firm, said yesterday its annual net profit before one-offs rose 25 per cent as strong growth at its rail and port units helped offset lower earnings at budget airline Virgin Blue.
Cosco Pacific to push for overseas port projects
BEIJING-backed container leasing and port investor Cosco Pacific Ltd said on Wednesday it would seek further overseas container port investments, a day after it struck a deal to develop a terminal in Belgium.
Prestige skipper allowed to visit native place

Admiralty Casebook

Call to cut over-reliance on auto radar
ARECENT investigation report by the Australian Transport Safety Bureau has signalled a possible problem in the use of Automatic Radar Plotting Aids that could have significant implications for navigational safety in busy waterways such as the Singapore Straits.

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Shipping News

New 16-nation anti-piracy campaign soon in Asia
A new framework for cooperation among 16 Asian countries in the fight against piracy in the region will come into force soon.
Patrick Corp posts 25% rise in earnings, sees growth
PATRICK Corp Ltd, Australia's largest stevedoring firm, said yesterday its annual net profit before one-offs rose 25 per cent as strong growth at its rail and port units helped offset lower earnings at budget airline Virgin Blue.
Cosco Pacific to push for overseas port projects
BEIJING-backed container leasing and port investor Cosco Pacific Ltd said on Wednesday it would seek further overseas container port investments, a day after it struck a deal to develop a terminal in Belgium.
Prestige skipper allowed to visit native place

Admiralty Casebook

Call to cut over-reliance on auto radar
ARECENT investigation report by the Australian Transport Safety Bureau has signalled a possible problem in the use of Automatic Radar Plotting Aids that could have significant implications for navigational safety in busy waterways such as the Singapore Straits.

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HK handles over 18 million TEU through October Hamburg Sud change service due to WC congestion Barshefsky to address China logistics conference PSA moves more TEU over first 10 months 2005 won't be good, predicts top HK economist IMDG Code compliance is mandatory, warns TT Club Emirates reports record profit Air-India to introduce more US services Third Italian firm joins EGSAC FedEx best cargo airline, says magazine

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MoS to seek Rs 400-cr. MoF grant to implement Sethusamudram project EU aims to double trade with India Indo-Bangla trade can total $ 5 bn: Kamal Nath Cargo worth Rs 10 cr. gutted in shed blaze at Kolkata Port MbPT objects to liner conferences imposing congestion surcharge Kamal Nath optimistic of fiscal target being surpassed Finance Ministry gives go-ahead for National Export Insurance Fund SKIL Infrastructure may divest 50 pc stake in Pipavav Shipyard Engg Ltd DGFT assures engg exporters of expeditious clarifications on tax sops, DEPB, DFRC & DBK Task force set up to cut export transaction costs Separate Ministry for traders sought Port of Aqaba to hardsell itself as gateway to Iraq and Middle East destinations Interactive meeting with Lankan team at IMC today

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NOVEMBER 18, 2004
African competition, cheaper crude sees fuel oil demand wane European refiners targeting cheap crude market for refinery feedstock and US seeking cheaper African-sourced alternative to European fuel oil, leaving European fuel oil demand weakening, supplies burgeoning and prices crashing. Cargo ship leaking IFO180 off US' Georgia coast USCG reported to say leaking bunker fuel not 'viewed as high risk' Paranagua: '4,000 mt' of bunker fuel and methanol spilled As salvors Wijsmuller Salvage are called in to remove remaining bunker fuel from sunken vessel's fuel tanks questions are raised over speed of response to spill and clean-up operation. Rotterdam evaluates overnight crude gains Singapore prices seen comparatively strong on low imports Despite a build in onshore stocks, sources say prices in Singapore are unlikely to collapse even if crude prices continue to fall. Refinery restart could see Japanese market play catch-up Traders in Japan said that demand has been low for two weeks amid high prices but the market could fall faster with increased avails. MPA: CP60 and MARPOL alignment provide quality assurance The MPA has said that the revised CP60 will further enhance accuracy of delivered quantity and provide better quality assurance to bunker buyers in Singapore in line with Marpol regulations on sulphur content. PDVSA: 2004 sales 'to rise by 30%' China eyes increase in fuel oil shipments from Iran Fujairah bunkering hub to see competition for Iranian residual product from China as cargo traders look for alternative sources to Russia, reports claim.

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NOVEMBER 18, 2004
Transport conference in Trelleborg DKR selects Transporeon's Ticap EU approves tonnage tax for the Italian fleet Barwil expands its Russian network Natural Schweiz new 24plus groupage services partner Record year for new TIACA members New shipping route between China and Australia Royal P&O Nedlloyd directors confirmed

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NOVEMBER 18, 2004
Camillo Eitzen secures LPG carrier charter Aker group wins 2 offshore orders Haji-Ioannou calls for Stelmar board changes EC agrees continuing German training subsidy US and EU agree customs measures Keppel wins Euros20m conversion contract for Solitaire

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NOVEMBER 18, 2004
Mexico could get innovative offshore LNG terminal Ultra Voyager gets a name Fortress collects $6 million from Stelmar More OSV orders for Aker $26 million conversion at Keppel Verolme

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NOVEMBER 18, 2004
Governor Locke Oks casino move to free up room at Port of Tacoma TSA begins test of transport ID card Port of Bellingham presents annual Holiday Port Festival Fred Meyer presents Hanjin with carrier excellence award Port of Portland changing makeup of executive row

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Molaris quits Stelmar following merger defeat STELMAR chief financial officer Stamatis Molaris has resigned in the wake of this week's overwhelming defeat for the tanker company's proposed merger with Fortress Investment Group. Coscon eyes $3bn from flotation COSCO Container Lines, the liner shipping division of China Ocean Shipping (Group), has set its sights on launching an initial public offering next year that could raise up to $3bn.

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NOVEMBER 18, 2004
Brussels rejects Izar plan THE European Commission has rejected a Spanish government plan to set up a holding company to oversee a merchant shipbuilder to be created from the restructure of Izar Evaporation could reduce spill risk An oil spill from the Panamanian flagged Fortune Epoch is not deemed to be serious as the evaporation rate is said to be 'pretty good.' EuKor net profit surges EUKOR Car Carriers of South Korea has reported a huge increase in net profit to $150M for the first nine months of 2004 Keppel Verolme gets Solitaire job KEPPEL Verolme BV of Rotterdam has bagged a '20M conversion job on the pipelay vessel Solitaire, which is at the centre of a long-running legal dispute. Pollution incident off Savannah THE ro-ro/cargo ship Fortune Epoch is leaking diesel fuel off the coast of Savannah, Georgia, the US Coast Guard reports Toamasina polluter in the dock MAURITIUS-based Galana Petroleum, which operates Madagascar's only oil refinery, has appeared in court on charges of having polluted the port of Toamasina Spanish energy twins target Algeria Montanari to quit Confitarma St Petersburg loses aluminium Stelmar CFO resigns, CEO remains UK committee to study SAR Second Parangua victim confirmed Crew rescued after collision Algeria to reorganise port safety Carnival terminal in Belize Stelios sets Friday deadline

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NOVEMBER 18, 2004
Congestion over at LA-Long Beach For the first time since June, no vessels are sitting idle at the nation's busiest container gateway. LA-Long Beach to start with day fee discount Bush plans port security directive Administration directive will consolidate port security programs into single, national initiative, a senior DHS official said. Vessel leaks fuel off Savannah Transport index off in August Cosco line plans 2005 stock offering: Report Deal rejected for former LA port chief Port Everglades terminal asks for more bidders Maersk Sealand warns on C'te D'Ivoire service Will Frontline profits spur liner move? Retail truck sales up 3.4% Nun settles lawsuit against river pilots Trailer shipments continue to grow Huffert new chairman of AIMU

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NOVEMBER 18, 2004
Kroes survives EC shake up as Parliament approves new commission Neelie Kroes will be the new competition commissioner following the vote today that saw European Parliament (EP) ratify the new commission. Melbourne container port successor identified Middle East rates on the way up US ports test biometric ID cards Moody's upgrades Japanese carriers' ratings Auckland stakes claim in Northport future Chinese promise funds for Brazil/Peru link

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NOVEMBER 18, 2004
EU pressures Izar Rescue plan for troubled Spanish state owned shipbuilder hits choppy waters. Hong Kong holds six MMM and Cosco Nanjing ships make up half of detention list for October. OMI to Stelmar: Drop Dead! CEO Stevenson says he's been teaching a stream of callers the spelling of the word 'NO.' Thin profit for Western Bulk Tonny Thorsen has chartered up his fleet after a period of volatile bulker rates. Navibulgar shines before sell-off Bulgarian state owner expects big profit for 2004, which should ensure healthy interest for upcoming share auction. Stelmar storm swells The battle between Stelios Haji-Ioannou and directors over the sale of the tanker company is showing no sign of subsiding. NATS looks to raise $105m Secondary share issue for US-listed tanker company prices at $38.75. Hong Kong Phooey! Cosco's container division looks to raise as much as $3bn from initial public offering. Vicuna spill fears Fuel oil from wrecked tanker spreading as terminal slammed for poor response. Aker seals offshore double DOF and Solstad order supply and anchor-handling ships at Promar and Brattvaag. Lorenzo profits loom large Philippine containership owner on the up as box volumes grow in first nine months. Aboitiz counts the cost Operating and finance expenses drag Philippine ferry owner down in first nine months. Toei Reefer still on course Japanese reefer owner remains confident about full year after seeing dip in interim profit. Halim Mazmin sells capesize Malaysian shipowner taking advantage of hot bulker market to offload Meridian Polaris. Singapore inks LNG shortlist Five companies to battle it out for deal to conduct feasibility study into the import of LNG. Varun takes Hektor Indian owner confirms acquisition of Bergesen LPG carrier as it expands gas ship fleet to seven. Ship sinks off Hong Kong General cargo ship Eastern Challenger goes to the bottom after colliding with chartered RCL boxship.

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NOVEMBER 18, 2004
Report: COSCO Lines "planning IPO" next year Crowley sees higher 3rd quarter liner profits, rates Crowley reshuffles Central American services Maersk warns of service disruptions in Cote d'Ivoire CP Ships changes management for Atlantic trade OMI receives new financing Boeing to build long-range 777 cargo plane BNSF CEO Rose elected to AMR board TSA launches worker ID test in Long Beach CITA chairman won't reveal how members voted on safeguard petitions No let-up in growth at Singapore and Hong Kong Atlantic Vehicle picks Porsche port contract

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NOVEMBER 18, 2004
Investors take 50 per cent stake in Eitzen tankers Investment company K/S Difko 47 and its chartering arm Nordic Tankers has decided to invest in two chemical tankers ... Aker to build AHTS for NorSkan NorSkan Offshore ' owned 50/50 by Solstad Offshore and DOF ' has ordered a type UT 722 L Anchor Handling Tug ... Bergesen Sale of LPG carrier confirmed Bergesen has confirmed the sale of the 24,000 cbm LPG carrier "Hektor", built 1982 to Indian Varun Shipping for USD ...