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PSA turns in record S$881m profit
PORT operator PSA International turned in its best performance with a record S$881.3 million profit last year, aided by the continuing surge in export cargoes from China and other Asian countries.
S'pore port joins US effort to detect N-shipments
THE Republic will be the first in South-east Asia to use specialised US-developed radiation detection technology at its ports to detect any hidden shipments of nuclear and other radioactive material.
Orient Overseas 2004 net income surges to record
ORIENT Overseas Ltd, a shipping line controlled by the family of Hong Kong Chief Executive Tung Chee-hwa, said 2004 profit surged to a record as surging demand for Chinese-made goods boosted cargo volumes.

Admiralty Casebook

Staggering crew changes for safety
THE grounding of a vessel in Sydney Harbour last year could have been caused by the effects of jet lag on the bridge navigation team, an investigation has revealed.

Port Shots

PORT SHOTS
CHINA's Dalian Port Corp will build a crude oil terminal for supertankers of up to 500,000 tonnes to supplement another for 300,000 tonne ships that it had completed last year, its chairman said.

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Shipping News

PSA turns in record S$881m profit
PORT operator PSA International turned in its best performance with a record S$881.3 million profit last year, aided by the continuing surge in export cargoes from China and other Asian countries.
S'pore port joins US effort to detect N-shipments
THE Republic will be the first in South-east Asia to use specialised US-developed radiation detection technology at its ports to detect any hidden shipments of nuclear and other radioactive material.
Orient Overseas 2004 net income surges to record
ORIENT Overseas Ltd, a shipping line controlled by the family of Hong Kong Chief Executive Tung Chee-hwa, said 2004 profit surged to a record as surging demand for Chinese-made goods boosted cargo volumes.

Admiralty Casebook

Staggering crew changes for safety
THE grounding of a vessel in Sydney Harbour last year could have been caused by the effects of jet lag on the bridge navigation team, an investigation has revealed.

Port Shots

PORT SHOTS
CHINA's Dalian Port Corp will build a crude oil terminal for supertankers of up to 500,000 tonnes to supplement another for 300,000 tonne ships that it had completed last year, its chairman said.

web site

Shipping News

PSA turns in record S$881m profit
PORT operator PSA International turned in its best performance with a record S$881.3 million profit last year, aided by the continuing surge in export cargoes from China and other Asian countries.
S'pore port joins US effort to detect N-shipments
THE Republic will be the first in South-east Asia to use specialised US-developed radiation detection technology at its ports to detect any hidden shipments of nuclear and other radioactive material.
Orient Overseas 2004 net income surges to record
ORIENT Overseas Ltd, a shipping line controlled by the family of Hong Kong Chief Executive Tung Chee-hwa, said 2004 profit surged to a record as surging demand for Chinese-made goods boosted cargo volumes.

Admiralty Casebook

Staggering crew changes for safety
THE grounding of a vessel in Sydney Harbour last year could have been caused by the effects of jet lag on the bridge navigation team, an investigation has revealed.

Port Shots

PORT SHOTS
CHINA's Dalian Port Corp will build a crude oil terminal for supertankers of up to 500,000 tonnes to supplement another for 300,000 tonne ships that it had completed last year, its chairman said.

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CSCL profit surges 191 per cent in 2004 Shenzhen box throughput up 15 per cent in February Job lottery for US dock workers legal, NLRB rules AADA to raise rates in April MSC executive slams officials at Port of Baltimore IRISL moves 22m tonnes of cargo in 2004 CX 2004 earnings soar Korean Air agrees to codeshare with Aeroflot Willie Walsh to be next BA CEO

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Ocean Blu Lines expands services to India India now on BPO map of top global container shipping lines MacAndrews offers doorstep services via Port Qasim to Afghanistan 5-yr used tankers costing as much as new ships now IPBCC cuts Emergency Congestion Surcharge at CCT Indo-Pak trade shoots up by 146 pc in April-November Eukor car carriers holds talks with ChPT for business tie-up Chittagong Port Authority team visits JNP Paradip Port racing against time to meet MoS' 2004-05 cargo handling target Tuticorin Port cargo traffic up in Feb. MICT handles vehicular traffic GAPL-built Bhadreshwar Railway station thrown open to cargo traffic A-I to take on lease 4 freighter jets; aims to double market share Strike hits working of CWC's CFS at JNP MOL Logistics provides specialised supply chain solutions for CBU exports L G BROTHERS LORRY SERVICE Taking the road to the top RIL bags export excellence awards

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MARCH 10, 2005
Bay Ferries handed task of ferry turnaround After previous operator went bust for unpaid bunker bills, new operator lined up by ferry owner. Fujairah: EBFL starts ex-wharf cargo sales ENOC Bunkering (Fujairah) LLC, which has secured substantial land-based bunker storage in Fujairah, has begun to offer ex-wharf cargo lots to other players. Switzerland: New Fleet Bunker Purchaser UK: New bunkering company Darren and Samantha Middleton are heading up a new bunkering company called Compass Marine Fuels Ltd. UK: Broker leaves Rotterdam market still firm Singapore: Build in residual fuels, draw for distillates Crude oil prices retreating after bearish DOE report Crude oil prices were retreating in after hours trading today following bearish results from yesterday's Department of Energy report. Trade groups join US government in spill lawsuit Intertanko and three other associations join the US government in lawsuit against controversial Massachusetts state-level oil spill law. Crude stops just shy of record high NYMEX crude just 50 cents off the front month record high, before slipping back to $54.95.

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MARCH 10, 2005
Great Dane Trailers: trailer tacking for intermodal equipment EU launches "Donauhanse" project Schneider National Inc achieves solid revenue growth in 2004 The leaders in European rail freight traffic Emirates increases Dubai-Kuwait flights to 16 a week Samskip buys Geest North Sea Line Yellow Roadway executives after the takeover of USF Corp

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MARCH 10, 2005
Insurers suffer 'huge losses' on newbuildings French strike expected to disrupt cross-Channel services Time running out for shipping pools? Buoyant Leif Höegh completes refocus of Ro-Ro and LNG Samskip's record results Shipping organisations fight unilateral law by US state

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MARCH 10, 2005
Canada's Bay Ferries to operate Rochester ferry Concept car carrier with zero emissions Box ships to have 14-cylinder Sulzers producing 108,920 bhp INTERTANKO seeks to join suit against Massachusetts spill law UK Club stresses LNG ship safety record

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MARCH 10, 2005
Portland Port Commission Oks 2005 transportation plan Coast Guard changing command for cutter CUTTYHUNK Seattle firm looking for mineral deposits off New Guinea WSF director holds meeting to discuss onboard food service Seattle among cities seeing new Northwest flights

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Ship warns of 'white mountains' in South Atlantic SHIPPING in the South Atlantic is being warned of at least two massive icebergs that may not have appeared previously on weather routing services. Bergesen and Exmar in $350m VLGC orders TWO leading European owners, Bergesen and Exmar, are set to order four very large liquefied petroleum gas carriers with South Korean yards in deals worth more than $350m. Metrostar offloads VLCC pair to take sell-off tally to $750m with VLCC THEODORE Angelopoulos' Metrostar group has been confirmed to have sold another two of its VLCCs, raising to a neat $750m the proceeds from its large crude carrier sales in recent days. Hual becomes history as H'egh opts for single ro-ro brand PRIVATELY owned Norwegian shipowner Leif Höegh has consigned its 35-year-old car carrier brand Hual to history in a corporate overhaul that merges its ro-ro shipping activities under one Höegh Autoliners banner. Singapore to track dirty bombs SINGAPORE has signed an agreement with the US that allows the deployment of equipment to detect potential 'dirty bombs' being trafficked through its port.

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MARCH 10, 2005
PDVSA plans huge production hike VENEZUELA oil giant PDVSA plans to increase crude oil production to 5M bpd from its current output of 3.1M bdp over the next five years, according to Venezuelan foreign minister Ali Rodriguez China Shipping to expand box fleet CHINA Shipping Container Line is planning to invest $759M in additional tonnage this year as net profit for 2004 soared to Yuan4Bn ($483M) Orient Overseas net soars to $670M NET profit of Orient Overseas (International) Ltd, the parent of Orient Overseas Container Line (OOCL) for 2004 more than doubled to $670M for the year 2004 due to the positive effects of an "unprecedented" trading environment Rochester pegs fast-ferry operator THE city of Rochester, New York state, has hired Canadian operator Bay Ferries to run the fast ferry Spirit of Ontario, with plans to re-start service to Toronto this summer French action hits ferry services DEMONSTRATIONS throughout France in protest against the government's reform of the 35-hour week have hit some ferry services linking the country with the UK UK presidency focuses on shore jobs UK shipping minister David Jameson stressed today that sea experience was essential to the shore-side maritime sector Strike highlights import flow problem Labour unrest strikes Buenos Aires IRISL's new ships boost turnover German yard given cash lifeline War-work to guarantee seafarer jobs SK Shipping returns to the black Nice, Cannes upbeat on cruise prospects PSA International pre-tax up 26% Boost for Gold Coast cruise terminal Australian owners move to Canberra

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MARCH 10, 2005
Cosco expands at China box ports The Hong Kong unit of China's biggest container line is expanding aggressively at Tianjin (left), and other mainland box terminals. Lines warn on Buenos Aires port strikes House passes highway bill China trade surplus grows IM railcar orders soar OOCL parent profit doubles Surge for CSCL net Lufthansa cuts; rally off? Höegh completes restructuring

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MARCH 10, 2005
Shenzhen carriers refuse to pay port security charges An executive from a European carrier in Southern China said that his company will not pay port security charges which became payable on March 1 at all Shenzhen terminals. Pacific negotiations see rates stabilise One transpacific line has admitted that it is unlikely to get significant increases on the trade this year, though last year's record profits are likely to be maintained this year. High demand to maintain rates, says OOIL California ports discuss changes to demurrage system Bangladesh garment exports plummet Rickmers Genoa to be towed to Dalian, but service effects still unknown VICS shareholders talking out 'amicable solution' Hamburg Sud Monte-class heralds service shakeup PSA International revenues increase 5.3% Visakhapatnam box-growth prompts CFS projects Cascading of ships increases direct calls KMTC to launch Korea/Japan service Korean stevedoring fees rise Samskip profits rise over 90%, on the eve of shortsea merger

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MARCH 10, 2005
Exmar takes two at Daewoo Belgian owner orders up pair of 84,000-cbm VLGCs at Korean yard. Sharing the pain Tanker stocks suffering big losses on New York exchanges. Mass attack Intertanko, Bimco, others seek to join Coast Guard in attack on Massachusetts spill law. Samskip swells profit Icelandic line enjoys strong 2004, and turnover will double this year with acquisition of Geest. MOLS-Linien sees turnaround Danish ferry operator puts losses of 2003 firmly in the past. Transatlantic sets course Merger of B&N Nordsjofrakt and Gorthon Lines gets the go ahead from Bolagsverket. Tax charge for EWATA Europe to West Africa boxship group passes on cost of Ghanaian freight tax. Bay Ferries vies for US contract Canadians frontrunners to operate re-launched Rochester-Toronto service. Jefferies cuts Torm Company downgraded from buy to hold after it misses earnings estimates and warns of drop in 2005. Leif Hoegh restructures Norwegian shipowner sets course as a specialist car carrier and LNG vessel operator. Fresh bid for CSAV stake Ricardo Claro-backed consortium lining up $300m offer for Angelini holding. Passengers to return to Aratere Toll's troublesome New Zealand ferry, nicknamed "Faulty Funnels", to have passenger ban lifted. Swire soars Hong Kong shipowner and manager piles on profit in 2004. OOCL on the up Hong Kong containership owner almost doubles its money in 2004 in strong box market. Profits up nearly 30% at Oceanex Modest growth in volumes and rates lifts bottom line at Canadian owner and terminal operator.

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MARCH 10, 2005
OOCL parent company doubles profits Samskip nearly doubles profits Hamburg Süd christens 5,552-TEU ship American, BA cargo divisions raise fuel surcharge Long-range 777 passes first flight test House considers highway bill GAO: American agriculture still vulnerable to terrorist attack Jackson takes step towards DHS confirmation Shanghai on schedule to open Yangshan terminal in November Bentley urges independent Baltimore port

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MARCH 10, 2005
Enquiry finds cause of "Fjord Champion" fire It is almost certain that the fire onboard the 32,477 DWT product tanker "Fjord Champion" started in a changing room ... Storm-felled forest seeking sea transportation must be registered on the Internet For a limited period it will be possible to charter vessels registered in countries outside the EES region to transport ... "Color Fantasy" is a hit Color Line's cruise ferry "Color Fantasy", which began regular sailing from Oslo to Kiel in December last year, has been ...