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Shipping News

S'pore can embrace, lead maritime sector
SINGAPORE must shed the 'provincial mindset' if it wants to be an established global maritime centre and an Asian leader, said IMC Pan Asia Alliance chairman Frederick Tsao.
PSA bids for HK port assets go through
PSA International's recent bids for Hong Kong port assets are a done deal after a deadline for Dubai Ports International to veto a part of the deal expired yesterday.
Semb Marine orderbook hits $3b with 2 new jobs
SEMBCORP Marine yesterday announced two new building projects that will raise its total orderbook to $3 billion.
Single-hull ban could raise freight rates, affect routes
NOL chief says freight rates likely to keep rising due to congestion
End of the line?

Port Shots

Port Shots
SHANGHAI Port Container Co, the publicly traded unit of China's biggest port, said 2004 earnings rose 16 per cent, as the nation's expanding foreign trade fuelled demand for cargo transport.

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Shipping News

S'pore can embrace, lead maritime sector
SINGAPORE must shed the 'provincial mindset' if it wants to be an established global maritime centre and an Asian leader, said IMC Pan Asia Alliance chairman Frederick Tsao.
PSA bids for HK port assets go through
PSA International's recent bids for Hong Kong port assets are a done deal after a deadline for Dubai Ports International to veto a part of the deal expired yesterday.
Semb Marine orderbook hits $3b with 2 new jobs
SEMBCORP Marine yesterday announced two new building projects that will raise its total orderbook to $3 billion.
Single-hull ban could raise freight rates, affect routes
NOL chief says freight rates likely to keep rising due to congestion
End of the line?

Port Shots

Port Shots
SHANGHAI Port Container Co, the publicly traded unit of China's biggest port, said 2004 earnings rose 16 per cent, as the nation's expanding foreign trade fuelled demand for cargo transport.

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K Line orders mega vessels China ports to undergo digitisation Zhanjiang Port to handle larger vessels Port of Oakland to receive giant cranes China textile exports surge in January Ecu-Line boosts Indian service NYK to reshuffle top management UA posts US$151m operating loss in January Malaysia to build terminal for low-cost airlines UPS to shift heavy air freight operations to Louisville

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IPBCC suspends Mumbai Congestion Charge 8 million GT achieved under Indian flag HAMBURG SUD restores US WC/ANZ service GWSC, USL & Maruba Line form "Americas Alliance" CMA CGM and P&O Nedlloyd joining forces in intra-Americas trades MOL expands into the Baltic Transpacific container lines warn of more rate hikes Hanjin Shipping orders three 6,500-TEU vessels CMB Daisy sold Not convinced of project feasibility, AP govt puts off Kakinada LNG terminal PC fine-tunes tax reforms, boosts mfg sector Union Budget 2005-06 At A Glance Massive programme to modernise IPR infrastructure EEPC fears delays in refund of VAT to exporters 6.5 lakh bales of cotton to be exported this month

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FEBRUARY 28, 2005
Up to 20 years jail possible in shipping pollution case Malaysian 'bunker island' storage project moves forward Government pledges support for KIC's 1.2 million m³ oil storage project on the reclaimed 'bunker island' off the southern Port of Tanjong Pelepas. KIC-Trafigura deal to boost bunker and fuel oil trade Supply and storage deal between KIC and Trafigura secures Malaysian bunker supply for KIC, while Trafigura expects to triple Asian fuel oil trading volume after taking up its first tankage capacity in the region. DNVPS launches supplier-specific bunker quality data service On-line database gives access to the latest DNVPS bunker quality test results from any supplier. ARA market remains firm KIC inks $50 million deal to finance Malaysian bunkers KIC Oil & Gas announced today that the company has signed a $50 million financing deal with Singapore's DBS bank.

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FEBRUARY 28, 2005
Qatar Airways to host Arab Competitiveness Round Tables RapidHire upgrades driver recruiting management software USA: Kentucky House approves raising truck weight limits Exel fine-tunes relationship with Sassmann UK launches Rail Accident Investigation Branch FOS Logistics inaugural flight a success Port of Cork receives IPSEM certification DPD GeoPost (Germany) appoints new managing director

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FEBRUARY 28, 2005
"K" Line orders 2 LNG ships, set to book 4 more giant boxships TEN's full-year profit up 143% Second boxship pair for Aker Cosco's Panama plans Industrial action hits Marseilles' figures Wavespec wins Qatar LNG contract

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FEBRUARY 28, 2005
Jurong gets Independence Hub contract

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FEBRUARY 28, 2005
Washington State Ferries taps new executive director Coast Guard takes action to stem pollution from sinking vessel NOL takes home Lloyd's top shipper honor Port Angeles Port Commission looking at Boat Haven rates Air New Zealand Cargo starting new freighter service

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Shell and Qatar join forces in massive LNG project Shell and Qatar Petroleum have unveiled plans for a large-scale liquefied natural gas project which could require 12 vessels costing more than $2.5bn. Armed teams to guard merchant ships entering Singapore port SINGAPORE is set to deploy armed security teams onboard selected merchant vessels entering and leaving its port, to guard against acts of maritime terrorism, writes Marcus Hand in Singapore. P&O route closure puts 350 jobs at risk P&O plans to close its Portsmouth-Le Havre route, placing 350 jobs in jeopardy, following Brittany Ferries' decision to pull out of a deal to acquire the service. Bremerhaven predicts 12,000 teu boxships by next year WITH the ink barely dry on supposedly the first 10,000 teu ship order, Bremen's regional government has suggested a 12,000 teu giant will be calling at Bremerhaven as early as next year.

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FEBRUARY 28, 2005
P&O, Brittany agreement ends BRITTANY Ferries has pulled out of a proposed agreement with P&O Ferries to sub-charter two of P&O's vessels, together with 350 employees, on the Portsmouth-Le Havre route Congestion will sustain up cycle SHIPPING'S upward cycle will be sustained not by burgeoning growth of China and Asia, but by crippling congestion that will render excess capacity ineffective according to Neptune Orient Lines Chief Executive David Lim Lifeboat drill turns to tragedy ONE crewman was killed and another two were injured during a lifeboat drill on board the Norwegian Coastal Express ferry Nordkapp Further LNG growth in Qatar THE $12.8Bn Qatargas II project has officially been started and will see the development of trains 4 and 5 to deliver 15.8M tonnes of LNG to Milford Haven in the UK Calais to be sued for delays P&O FERRIES is to sue Calais port authority for compensation following disruption to its services after a linkspan failed at berth 7 earlier this month Qingdao ups ante with new box berths WHAT local reports claimed as the world's largest container terminal went into operation on 25 February at Qingdao, China's Qianwan Port Area PSA completes HK stake purchase Baltimore in bitter port battle Moldova to build first port Star Reefers rides strong market India to slow iron ore exports Pilots fear Torres bid will fail Longer charters keep rates lower Singapore to provide armed escorts

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FEBRUARY 28, 2005
NOL Chief calls for supply chain co-op Lim cites need for cooperative focus on increasing throughput in all segments of supply chain, rather than simply growing transport capacity, to meet worldwide customer demands. Shippers seek post-OSRA leverage \| TPM Gallery Big ships mean big shakeups for ports and railroads TPM attendees say conference now a new tradition TACA lines reaffirm tariff hikes Yellow Roadway to acquire USF for $1.37B Robust growth for Georgia ports Menlo reorganizes global network PSA's Korean port deal scuttled Logistics margins spur TPG profit U.S., Canadian rail traffic rolls STB hearing on stand-alone cost procedures Global Insight acquires Reebie

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FEBRUARY 28, 2005
China growth and globalisation may not mean 'extended' stability, warns NOL president Growth in China and the globalisation may not lead to an 'extended period of stability' warned NOL president and CEO David Lim yesterday, at the fifth annual Trans-Pacific Maritime Conference. End of Concor monopoly heralds beginning of private-operator age The 2005-6 Railway Budget, presented to India's Parliament on Saturday, marks the end of Container Corporation of India's (Concor) monopoly on railed containers, opening the business to private operators. PSA International HK purchases go ahead, as DPI declines to challenge PSA International (PSAI) has finally gained its Hong Kong foothold, announcing completion today of a HK$3billion (US$) purchase of stakes in CT3 and CT8 West from Hong Kong's NWS Holdings. ÖBB has second thoughts about Ökombi HMM profits in big swing Customs to boost Pearl River intra-regional trade Toll hits new highs PONL newbuilds to swell the SAECS service China Shipping starts building its first container plant Auckland's January lags; Tauranga's big year Kombiverkehr aims to cut time off Nordic rail-ferry offer Marseilles upward trend disrupted in January Busan New Port to start dredging for postpanamaxes K Line announces new vessel order

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FEBRUARY 28, 2005
Cruise battle ramps up Disabled advocates ask US Supreme Court to apply US accessibility standards to foreign-flag cruiseships. Bow Mariner tragedy avoidable "Twenty-one people didn't need to die," probe concludes, as lack of immersion suits, other factors noted. OSG hits record high New York tanker owner runs to $66.88 Monday as tanker shares start well despite OPEC fears. Olsen drops tankers Growing diversification leads to change of name for First Olsen. Top o' the morn Greece's Top Tankers shoots out to 7% gain in early New York trading. KSEW sell-off this year Privatisation minister sets time frame for disposal of Pakistan's struggling state-owned shipyard. Eidsiva in contraflow Norwegian car carrier owner sees higher pre-tax profit but net result heads in opposite direction. Canada holds five Gorthon ro-ro and Pacific Basin bulker among small list of detainees in January. K Line on $900m spree Japanese shipowner adds half a dozen containerships and LNG carriers to its newbuilding tally. Sado slides Japanese ro-ro owner plunges into the red for 2004. Nepline back on form Malaysian tanker owner in the black in 2004 thanks to chartering business. Star profit up 140% Strengthening reefer market and asset sales boosts annual result of Oslo listed owner. Qatar boost for Wavespec Braemar Seascope consultancy offshoot wins long term contract to advise on LNG carriers. OVDS crew member killed Two other crew injured after Norwegian ferry lifeboat exercise went tragically wrong. STX suffers Korean yard hit by rising domestic currency and steel prices in 2004. Minoan tightens up Lower costs and debt payments allow Greek ferry owner to boost profit in weaker 2004 Adriatic market. Volgotanker execs face arrest Six bosses at Russian tanker owner targeted by prosecutors on fraud charges. PDZ moves deeper into the black Interim result sees Malaysian boxship operator return to profit despite fall in turnover and volumes. HUBLine makes strong start Malaysian intra-Asian boxship player sees strong first quarter on the back of hot rates and high liftings.

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FEBRUARY 28, 2005
Tropical ended 2004 with record results "K" Line orders more 18-box-wide megaships Swire starts transpacific multipurpose service Ofer replaces Angel as Zim chairman COSCO starts Manila/Hong Kong shuttle service "K" Line appoints agent in Russia UPS to consolidate Menlo operations in Louisville IATA reports cargo growth, warns of damaging regulation UAL Corp. reports $151 million January operating loss Okay takes delivery of first Boeing 737 aircraft Icelandair orders two Boeing 787 Dreamliner planes Yellow buying spree now includes USF BNSF shortens free time, raises demurrage costs EU delays imported wood-packaging debarking rule USDA forecasts $59 billion in U.S. ag exports for fiscal 2005 USDA approves trade help for California olive growers Gilbert appoints Sampera senior vice president Pusan company says PSA stake purchase not a done deal

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FEBRUARY 28, 2005
Jakobstad called by dead drunk master The master of an Italian-flagg chemical carrier was dead drunk when he steered his vessel into the port of ... "Norway" may have been sold for demolition Cruise ship "Norway", the former "France" built in 1961, may leave Bremerhaven in a couple of weeks for demolition. The ...