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Shipping News

NOL opts for long-term post-panamax charters
NEPTUNE Orient Lines signalled yesterday that it prefers to charter the 'workhorses' of the industry - the post-panamax container ships - to grow its fleet, rather than acquire newbuildings of larger, mega ships in the near future.
S'pore-flagged ship detained at UK port after safety checks
A SINGAPORE-flagged bulk carrier was among nine foreign-flagged ships detained by the UK's Maritime & Coastguard Agency after failing a Port State Control safety inspection.
PSA reaches out to children
IT was just described to staff as a charity jog, but PSA employees took a special interest in the need of the benefactors - children stricken with cancer - and helped raise a total of $250,000.
Keppel units win US$20m oil rig job from BP
KEPPEL Corp subsidiaries have jointly won a US$20 million contract for the completion of an oil rig for BP plc in the Caspian Sea.
Reality of freight futures
SHIPPING is risky business. Apart from the physical dangers in carrying people and goods across the oceans, the shipping market is volatile and subject to cyclical booms and slumps.

Air and Land Transport

Hijack scare aboard Air China flight
A Chinese man with a history of mental illness tried to hijack a domestic Air China flight to South Korea yesterday, but the airliner made an emergency landing in central China and police detained the would-be hijacker.
Indonesia, US ink open-skies agreement
Security lapses hit Aussie airports
Ex-CFO of Boeing to plead guilty in tanker deal probe
LOGBook

web site

Shipping News

NOL opts for long-term post-panamax charters
NEPTUNE Orient Lines signalled yesterday that it prefers to charter the 'workhorses' of the industry - the post-panamax container ships - to grow its fleet, rather than acquire newbuildings of larger, mega ships in the near future.
S'pore-flagged ship detained at UK port after safety checks
A SINGAPORE-flagged bulk carrier was among nine foreign-flagged ships detained by the UK's Maritime & Coastguard Agency after failing a Port State Control safety inspection.
PSA reaches out to children
IT was just described to staff as a charity jog, but PSA employees took a special interest in the need of the benefactors - children stricken with cancer - and helped raise a total of $250,000.
Keppel units win US$20m oil rig job from BP
KEPPEL Corp subsidiaries have jointly won a US$20 million contract for the completion of an oil rig for BP plc in the Caspian Sea.
Reality of freight futures
SHIPPING is risky business. Apart from the physical dangers in carrying people and goods across the oceans, the shipping market is volatile and subject to cyclical booms and slumps.

Air and Land Transport

Hijack scare aboard Air China flight
A Chinese man with a history of mental illness tried to hijack a domestic Air China flight to South Korea yesterday, but the airliner made an emergency landing in central China and police detained the would-be hijacker.
Indonesia, US ink open-skies agreement
Security lapses hit Aussie airports
Ex-CFO of Boeing to plead guilty in tanker deal probe
LOGBook

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One-fifth of global box trade in 2003 attributed to China: ministry Union warns of lack of manpower at US west coast ports Chongqing-Guang'an Expressway opens Maritime security & counter-terrorism training videos popular Another record year on cards for Port of Montreal Ports of Auckland project begins PSA raises money for Children's Cancer Foundation Sino-US air services agreement hailed Lufthansa Cargo, US Airways enter freight agreement

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Lykes Lines Africa service wins again Kalmar launching 7th generation of straddle carriers Rickmers-Linie ships yellow submarine to S. Korea PSA places $ 78-m order for 42 cranes ECU-Line service Evergreen Chairman AADA to introduce PSS in August Cosco to order 2 more tankers World's largest ship lock in operation India Steamship aiming to shore up fleet NOL to charter 4 post-Panamax containerships New dredger, 4 cranes commissioned at Chennai Port NYK Line's pure car carrier to call at Mumbai Port in Aug. Italy, Spain, Portugal may invest in Indian leather industry 'Dumping' of certain rubber chemicals under scrutiny Cargo pool workers at Vizag's new berth stop work Qantas ties up with Jet, Sahara and IA for feeder services in India Freight charges for South go up CWC's ICD-Bhadohi (UP) to start operations from August 3 Forex kitty swells by $ 700 million to $ 1,20,778 million Tax sops for EOUs, STPs may end earlier Forex reserves swell by $ 328 m Vegetables, fruit exports post handsome 65 pc growth in April-Feb. 2003-04 Maritime institutes reserve seats for foreigners Icra rating of maritime institutes announced Fieo to hold awareness programme on 'Exports for Beginners' on Aug. 13 Chandra Group completes 1st annual surveillance audit successfully Letter to the Editor

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JULY 26, 2004
California due for wide-ranging cuts in sulphur levels Proposals aim to cut sulphur content in marine distillates to 0.2% and then 0.1% for all vessels operating in California Coastal Waters, and to create a SECA on the US West Coast. Busy Gibraltar mirrors regional cargo movements Greenpeace falls foul of Alaska oil spill regulation Cockett confirms growing Latin American presence Cockett Marine Oil Ltd today announced a joint venture in the Colombian bunker market as the company works towards wider involvement in the region. ARA region barge and product tightness persists Barge operator announces fourth double-hull US-based company plans further double-hulled newbuilds to join its fleet of bunkering and transportation vessels. Singapore: Majors move to accreditation Ten months remain for suppliers in Singapore to comply with the MPA deadline for meeting accreditation requirements.

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JULY 26, 2004
Piracy murders soar Baltic seeks non-UK panellists for expanded assessments Greenpeace in dock for breaking US environmental laws Tussle for US Great Lakes fleet's owner

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JULY 26, 2004
Carlyle eyeing U.K. warship yards? Coast Guard bill adopted

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JULY 26, 2004
Port of Seattle sees gains in container shipments UPS tops income forcast with 18.2 percent gain for quarter Seattle Coast Guard unit sends computers to needy schools US and China finalize new air services deal Horizon Lines brings back sailing in U.S. to Puerto Rico trade

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EU Transport and Energy face four-way split LOYOLA de Palacio's mega-ministry in Brussels is expected to be split into at least four separate directorates-general when the new commission sits for the first time in November. MISC to sell off more older bulkers and focus on energy MALAYSIA International Shipping Corp is planning to sell off more of its older dry bulk and containerships as it concentrates on energy transportation, writes Marcus Hand in Singapore. Choppy ride on Wall Street for TOP Tankers in wake of Nasdaq float TOP Tankers has received a rough welcome from the stock market following its initial public offering on Nasdaq, writes Tony Gray. AP Møller denies oil dumping claims AP Møller has strongly denied accusations by a former employee that crews on its vessels routinely act to conceal evidence of dumping oil into the world's waters.

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JULY 26, 2004
UK investor buys Grandi Navi Veloci ALDO Grimaldi is to sell 80% of the shares in Genoa-based cruise-ferry operator Grandi Navi Veloci to UK investment fund Permira, where the senior partner of Permira is Charles Sherwood, elder son of Sea Containers' James Sherwood Engineer pleads guilty AN engineer from the Jane Maersk, an AP Moller 35,639m' LPG carrier, pleaded guilty in federal court on 23 July to concealing and later destroying waste discharge records JNPT 4th terminal attracts interest THE fourth terminal proposed at Jawaharlal Nehru Port Trust is attracting interest from the majors, including P&O Ports, PSA International and AP Moller Superferry 14 towed to yard SUPERFERRY 14 is to be towed to a shipyard tomorrow, amid hopes that investigators may find evidence of the cause of the fire that killed more than 100 in February Bugsier sells another salvage crane BUGSIER-Reederei has sold its penultimate salvage crane to Singapore-based Casel Salvage, a spokesman confirmed today Dredging company M'sing insolvent GERMANY-based Anton M'sing, the activities of which include dredging and port construction, has filed for insolvency Investors discuss laid-up Norway Eurotunnel's losses increase ILWU president slams security Little boxship tonnage available PM's son appointed to Fesco New S African port too small India to cut scrap ship duty 161 evacuated from tour vessel Jinhui shares hurt by losses Vietnam to build deep-water port

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JULY 26, 2004
June ablaze for West Coast Higher-than-anticipated volumes of containerized imports from Asia continued to surge, straining terminal capacity and clogging rail routes. U.S. seeks security "gold standard" Department of Homeland Security official says agency wants effective supply-chain security that combines regulation and voluntary cooperation between government and business. Stone confirmed as TSA chief NOL adding charter vessels Georgia ports on roll Carloads grow for U.S. railroads TTX fleet changes to meet intermodal demands Record traffic for U.S. Great Lakes U.S., Indonesia in air pact Dominican Republic joining trade deal Israel dockworkers defy court order UK-U.S. partners to run Beirut terminal

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JULY 26, 2004
Surging demand drives Beijing to look for private rail investors China's railway network, the largest in the world, will end the state's monopoly by allowing private investment in branch lines to help finance its expansion and ease bottlenecks. Monopoly clause could scupper POP Ennore bid NOL secures post-panamaxes at 1999 charter rates NYK launches Japan/China/Vietnam service Surcharges hit Australia southbound cargo in August KMTC and GSL in intra-Asia slot exchange

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JULY 26, 2004
Nordic American stays with BP Two suezmaxes will continue on charter, but renegotiated terms will suit oil major more. NOL charters four Singapore liner operator takes 5,888-teu newbuildings at a highly competitive $24,300 a day. Grindrod profit leaps South African owner buoyed by bulker and tanker markets in first half. Pirate killings increase Murder threat to seafarers doubles as attacks on ships off Indonesia hit new high. HHI hikes orders First-half business booms for Korean yard giant as orderbook reaches 201 ships. Workers bid for lakers Employee group plans to preserve jobs by taking over self-unloading bulk carrier business of bankrupt Oglebay Norton. Aker adds offshore duo Norway's Aker Brattvaag and Aker Langsten yards to build NOK 400m supply pair for domestic owners. Fradkov in at Fesco Russian prime minister Mikhail Fradkov's son named deputy general director of shipowner. NSB Niederelbe faces charges Australian state alleges 30 offences from modest containership spill that put penguins in woolly jumpers. Maersk man faces 20 years Engineer faces hefty jail sentence and fine after admitting guilt in waste discharge cover up. Red plunge for 3 Maj Busy Croatian shipbuilder posts first half loss as costs rise. Lender picks up the slack for Top Will new public company's pledged dividend survive higher debt load after weak pricing? Hornbeck inks barge at Leevac US-listed offshore vessel and barge operator takes barge order backlog at domestic yards to four. Top Tankers prices at steep discount Newest public tanker company gets issue off at $11, trades down early. Three make newbuilding shortlist Washington State Ferries whittles down the list of shipyards tendering for ro-pax replacements Baltic extends S&P index Medium range products carrier and Tsuneishi standard bulker added to ship value assessments. "Bomb" captain in custody Turkish master of Kaptanoglu bulker in jail after joking about explosion to USCG. Global Winner begins STS Salvors have begun unloading iron ore cargo from damaged Hyundai Merchant Marine capesize. Precious claws back more stock Thai shipowner forks out just over $300,000 to buy back a further 300,000 of its own shares.

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JULY 26, 2004
TSA "not planning 2nd rate increase" BIMCO asks IMO members to soften policy on stowaways MOL Europe names new agent for Norway Largest containership calls at port of Long Beach U.S.-China treaty expands air service LanChile to change name House committee repeals mandatory origin labeling for fresh foods Congress passes U.S.-Morocco free trade agreement Dominican Republic to join CAFTA Vastera 2nd-quarter net loss widens Senate confirms Stone to head TSA Global Institute of Logistics names Ackerman chairman Sandler & Travis to manage Visteon imports, exports Footstar outsources logistics to FMI, sells DC U.S. donates PL-480 food aid to North Korea Port Jersey Logistics opens new headquarters