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Shipping News

Hitting pirates at source more effective: M'sia
MALAYSIA yesterday suggested that countries work together to detain at source, rather than on the high seas, the pirates who prey on ships plying the Straits of Malacca.
Bunkering accreditation period ends
SINGAPORE's accreditation scheme aimed at safeguarding the $7 billion-a-year bunkering industry wound up its two-year qualifying period with 75 out of the original 94 bunker suppliers attaining certification.
PSA, four S Korean firms submit bids for Busan port
PSA International, Hyundai Development and three other companies submitted bids to build four new berths at Busan as the South Korean government seeks to expand the world's fifth-busiest port.
Wan Hai to sell US$400m of bonds to pay for vessels
David and goliath

Port Shots

Search for Filipino crewman continues
SINGAPORE authorities were searching yesterday for a Filipino sailor still missing a day after the vessel he was in sank after colliding with another boat, maritime authorities said.

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Shipping News

Hitting pirates at source more effective: M'sia
MALAYSIA yesterday suggested that countries work together to detain at source, rather than on the high seas, the pirates who prey on ships plying the Straits of Malacca.
Bunkering accreditation period ends
SINGAPORE's accreditation scheme aimed at safeguarding the $7 billion-a-year bunkering industry wound up its two-year qualifying period with 75 out of the original 94 bunker suppliers attaining certification.
PSA, four S Korean firms submit bids for Busan port
PSA International, Hyundai Development and three other companies submitted bids to build four new berths at Busan as the South Korean government seeks to expand the world's fifth-busiest port.
Wan Hai to sell US$400m of bonds to pay for vessels
David and goliath

Port Shots

Search for Filipino crewman continues
SINGAPORE authorities were searching yesterday for a Filipino sailor still missing a day after the vessel he was in sank after colliding with another boat, maritime authorities said.

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Cosco signs marine development deal with Hainan Tacoma's largest terminal might get even bigger GPA box movements rise 12.8pc in April "K" Line bonds upgraded ANL boss expects Sino-Australia FTA to boost box trade China Southern to buy 45 Boeings K+N launches new airfreight products Swissport, Swiss WorldCargo to ink global cargo agreement U-Freight boosts sales team in Japan

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Mercator Lines seeks to raise $ 60 m through ECBs Rina, IRS join warship forces AADA to hike freight rates from July 1 TSA calls for contingency planning ahead of peak season Wartsila has designs on Indian shipbuilding industry Leather industry dons Peta armour IT exports yield $ 17.2 bn in 2004-05 EEPC aims at $ 17.5 bn in earnings in 2005-06 India seeks WTO pact to prevent US banning outsourcing AIAI signs MoU with Pak, China chambers MoS allows PSA-Sical to bid for 2nd box terminal at Tuticorin Port Ports privatisation move comes up against wave of workers' resentment Box transhipment hub report to be submitted on June 8 Steel cos cut prices by Rs 500-2,000 a tonne The Dragon rakes in the moolah! Wooing FDI integral part of economic strategy-Kamal Nath

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JUNE 3, 2005
RINA takes environmental lead with new certifications Italian classification society certifies new innovative environmental technologies aimed at reducing vessel emissions and enhancing marine pollution prevention standards. Pacific Northwest cruise season sees bunker volumes soar As the season enters its peak period, sales volumes in Vancouver rise, but suppliers face stiff competition from Seattle. New research aims to find 'weaknesses' in Panama market Results from research expected to identify weaknesses in the industry in order to implement improvements in competitiveness. Algeciras: Port Authority selects bid for new terminal The Port of Algeciras has selected an offer for its tender to build a new oil storage facility at the port to increase competition in the region's bunker market. World Fuel Services declares quarterly dividend New bunker terminal inaugurated BP Marine and Portland Bunkers International (PBI) officially inaugurated the Portland Terminal yesterday, expressing high hopes for the future of the bunkering project which offers a weather-sheltered fuelling option within easy reach of the main shipping lanes in the English Channel. MPA: Bunkering initiatives boost sales volumes The Maritime and Port Authority of Singapore (MPA) said today that initiatives and measures such as its Accreditation scheme for Bunker Suppliers have helped Singapore's thriving bunker industry to grow. Japan: Kyushu tight on bunker fuel supplies The western part of Kyushu, Japan, is facing tight supplies of bunker fuel as Kyushu Oil refinery undergoes maintenance until mid-June, Japanese traders reported. Aegean expecting 30 double-hulled bunkering ships Aegean Shipping Management will be expanding its fleet with up to 30 new double-hulled ships to cater to its bunkering services. Kidnap-for-ransom attack in Malacca Strait Pirates have kidnapped a Thai captain and crewman in the Malacca Strait, demanding a ransom in return for their release. Fresh calls for anti-piracy measures in the Malacca Straits South Korean president joins shipowners in seeking more action from regional governments against pirate attacks in the busy Straits.

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JUNE 3, 2005
Klaus Nottelmann dies "Keep recruitment records for seven years" says Itic MASkargo starts Basel-Hangzhou freighter US trucking industry short of 20,000 drivers Schenker report strong results for 2004

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JUNE 3, 2005
Russia accepts radioactive wastes dumping ban BV revamps website RINA gives shipping environmental lead US and Singapore in joint naval exercises

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JUNE 4, 2005
OSG signs definitive agreements for KPSI tankers

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JUNE 3, 2005
CRUISE-A-THON event brings travel agents to Seattle Port of Everett nets high marks for annual audit Coast Guard Cutter ADELIE has new commanding officer International logistics firm buys Seattle freight forwarding business Hamburg Süd service moving to Terminal 18 in Seattle

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NYK offers $20m for Kritikos share of Ceres Paragon NYK is offering an immediate $20m payment to buy-out half of the shares of Ceres Container Terminals Europe (CCTE), which in turn owns Ceres Paragon Terminals in Amsterdam. Class society bosses seek end to common rules row TOP executives from the world's leading class societies are to hold a crisis meeting next Monday to head off the risk of a damaging split in the International Association of Classification Societies. Grimaldi builds stake in Finnlines ITALY'S Grimaldi Group Naples has become the largest shareholder in Finnlines after building up a stake of almost 12%, and now hopes to develop a closer relationship between the two ro-ro specialists. Bolloré boss hints at amalgamation plans THE Bolloré group has admitted its shipping arm could become part of a larger group, even as it continues to refuse to comment on speculation about the sale of its shipping business to fellow French line CMA CGM. Lloyd's risk low in WTC insurance wrangle A LEGAL battle over an alleged $2.1bn shortfall in insurance claims paid to the Port Authority of New York and New Jersey is expected to have a relatively light impact on Lloyd's and London insurers, even in a worst case scenario. Lloyd's agents join LMIU's new Seasearcher AIS ship movements service SEASEARCHER.COM, the online shipping movements database, is offering information on the latest position of all vessels, generated through use of the universal automatic identification system, writes David Osler.

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JUNE 3, 2005
Santos 'should focus on boxes' THE president of the Brazilian Federation of Ship Agents has called for some cargo to be moved out of Santos to reduce bottlenecks and create more space for containers Exchange favours cruise expansion THE improving US-euro exchange rate could spur North American cruise growth, according to a leading cruise sector analyst Russian crude exports still rising LATEST figures released by Russia's energy ministry show crude oil exports to the international market climbed last month by 10% over May 2004 Tribe hopes to fast-track LNG plan THE Passamaquoddy Native American tribe voted this week to fast-track a proposed LNG facility in the US state of Maine SSA seeks ASEAN action on piracy SINGAPORE Shipping Association has joined calls on governments of the Association of South-East Asian Nations to take a stronger stance against piracy Officer released after drug appeal Green slams Hamburg productivity McCreevy given liner exemptions Chantiers suffers in Alstom revival Fire kills captain and family New partner for Peru LNG Pirates snatch tanker crew

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JUNE 3, 2005
Georgia ports tonnage tops mark A record 1.22 million container-tons moved across Georgia docks in April, including 153,897 TEUs, an increase of 12.8% from 2004. U.S. 'Eagle' fights container terror TACA bumps up tariff Cosco rates to fall: JPM S&P upgrade for "K" Line Lykes' Thayer dies at 81 BDP acquires Elite Moller buys into Brazil port CP Ships plans one brand

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JUNE 3, 2005
Carriers seek exemption from Singapore Competition Act The local and international shipping community is clamouring for exemptions from Singapore's Competition Act of 2004, whose main provisions come into force next year. US driver shortage expected to increase 455% in 10 years The US trucking industry has a shortage of 20,000 long-distance drivers, and this shortfall is expected to increase 455% over the next 10 years, according to a new report. HK needs a logistics park now, says logistics industry Amsterdam goes to market in Munich Carriers eye Busan New Port berth construction Call to establish cargo-hierarchy at Santos Internal markets Commissioner gets involved with shipping UK shipper Sainsbury's hands over NZ wine shipping to Exel Asian shippers to gather in Japan this month rail4chem gets into 'chemical triangle' CP Ships to deliver newbuilds in new livery

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JUNE 3, 2005
Old anchor costs $166m The search is on for the vessel whose lost anchor caused costly Tsakos tanker spill. Jefferies speaks Aries Maritime IPO "priced well" considering market conditions, says Jefferies exec John Sinders. Polish yards probed European Commission to look at state aid for Gdynia and SSN yards. OSG, KPSI reach charter deal Separate boards clear terms of 10 Jones Act products tankers to be built for New York owner at Kvaerner Philadelphia. Louis buys oldster Louis Cruise Lines of Cyprus has agreed to pay $5.4m for a 32-year-old cruiseship. Belships bulker fails to sell Japanese sellers have withdrawn a handymax from the market after it won a 30-month time charter. Wan Hai to sell notes Taiwanese line's $400m bond issue will pay for delivery of 10 boxships in 2007 and 2008. Supply ship hits platform Rovde Shipping's Ocean Carrier damaged in collision with disused facility in North Sea. Scandlines grows again Truck and trailer business up in first four months for German-Danish ferry owner. Solvang orders double Norwegian owner goes for two LPG/ethylene carriers at Meyer Werft in Germany. ACM/GFI goes online Launch of FreightMatch turns cleared freight derivatives sector into four cornered fight. ATSB blames Aotearoa master Lack of communication between master and crew led to the death of a seaman aboard boxship. Valium man can go home Croatian officer Denio Ruskovic finally cleared of smuggling prescription drug in UAE. Iraqi pirates attack VLCC Master beaten during attack on Klaus E Oldendorff's Nord Millenium in Basra anchorage. Further delay for Pacific Sky Extra work on ship forces P&O Cruises Australia to draft in Pacific Sun for rugby tournament charter.

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JUNE 3, 2005
Standard & Poor's raises "K" Line's long-term rating to 'BB+' Fire on Hanjin ship Crowley Maritime Corp. promotes Warner to VP, treasurer UAL Corp. posts $47 million April operating loss Air Canada commences first ever non-stop Toronto-Beijing flights Swissport International, Swiss WorldCargo form partnership Deringer acquires Seattle facility BDP International buys Elite Group The Eagle has landed for CBP Cox to leave House for SEC Georgia ports break container tonnage record in April Port of Los Angeles to discuss future strategy

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JUNE 3, 2005
Platform hit by supply vessels Supply vessel "Ocean Carrier", owned and managed by Hovde Shipping, Thursday collided with a platform on the Ekofisk field in ... Largest ship ever to Herning Shipping Herning Shipping A/S has signed up with Singapore shipbuilder ASL Shipyard (Ang Sin Liu Construction) Pte Ltd for the ... Svithoid takes a stake in existing tanker Stockholm-based Svithoid Tankers has together with other investors aquired the Swedish-flagged product tanker "Matvik" built 1991 and up ...