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Fasa lashes out against underwriters
THE Federation of Asean Shipowners has added its voice to the growing protest over classifying the Malacca Strait as a war and terrorism risk, suggesting that London-based underwriters may not comprehend the situation from such a distance.
PSA in US$755m bid for Turkish port
PSA International may soon be operating another Mediterranean terminal after submitting a US$755 million bid along with its joint venture partner for a 36-year operating lease at Turkey's Mersin port.
Normal ops at Port Klang, no delays due to haze
LAST week's haze, which reduced visibility in western Malaysia and caused schools to be closed, did not cause any delays at the country's busiest harbour, says the chairman of the operator of Port Klang.
China Merchants to build 4.5b yuan Qingdao terminal
Middle East tanker rates may be on the rise
Tanker shipments fall as crude hits high

Port Shots

Port Shots
PETROLIMEX, Vietnam's top oil products importer, has purchased a 38,000-tonne tanker to transport fuel oil, adding to its fleet of five vessels, a company official said yesterday.

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Shipping News

Fasa lashes out against underwriters
THE Federation of Asean Shipowners has added its voice to the growing protest over classifying the Malacca Strait as a war and terrorism risk, suggesting that London-based underwriters may not comprehend the situation from such a distance.
PSA in US$755m bid for Turkish port
PSA International may soon be operating another Mediterranean terminal after submitting a US$755 million bid along with its joint venture partner for a 36-year operating lease at Turkey's Mersin port.
Normal ops at Port Klang, no delays due to haze
LAST week's haze, which reduced visibility in western Malaysia and caused schools to be closed, did not cause any delays at the country's busiest harbour, says the chairman of the operator of Port Klang.
China Merchants to build 4.5b yuan Qingdao terminal
Middle East tanker rates may be on the rise
Tanker shipments fall as crude hits high

Port Shots

Port Shots
PETROLIMEX, Vietnam's top oil products importer, has purchased a 38,000-tonne tanker to transport fuel oil, adding to its fleet of five vessels, a company official said yesterday.

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CMHI to proceed with major Qingdao port, logistics park project P&O's 2005 interim profit jumps to US$404m RCL orders two new ships from mainland shipyard AP Moller's PONL acquisition to bring cost savings: analysts Wan Hai to benefit from healthy intra-Asia trade: report HK air cargo surges 12 per cent in July Asiana Airlines to resume full services soon, report says Gulf Air returns to Johannesburg

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Five Oceans Shipping & Logistics offers a sea of shipping & logistics solutions Freight rates for dry bulk ships rise CP Ships doubles operating income in H1 RCL in 2 newbuild deals with Jiangsu Eastern Shipyard Lines face competition issues amid consolidation Grand Alliance's new service in full swing Davies Turner strengthens UK-Lanka links Oman approves multi-million dollar expansion plan for Salalah port Exporters waltz on fashion footwear export boom Exports to Africa may total $ 6 bn by 2010'Assocham Port community EDI update NSICT urges shipping lines, trade to divert rail cargo to MICT Aluva terminal now on inland waterways map IT in transportation companies in the future MbPT plans helibase at dock premises ICD-Jamshedpur to be road-linked with mines Forex reserves up by $ 662 million to $ 1,37,561 million MoF reviews abatement rates for excise, service tax Starwood eyes MMSEZ to set up leisure units SEZ for gems and jewellery to come up in Andhra Withdrawal of dumping duty on steel imports stayed

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AUGUST 15, 2005
New general manager for Famous Pacific Shipping in South Africa Grand Alliance announces service structure for 2006 New NCA service to Japan starting in three weeks North America: large trucking companies keep growing Gazeley sells European real estate portfolio to Curzon Global Partners

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AUGUST 15, 2005
FASA calls on London insurers to review war risk decision Knightsbridge profits dip American Club warns on Chinese fluorspar dangers LR issues PSC checklist

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AUGUST 15, 2005
Port of Kalama taps Hoggatt as interim commissioner Portland Airport security boss leaves position for private sector Port of Everett's Russell earns finance officer award New shipment of wind towers moving through Port of Longview Containers moving slowly at Vancouver, BC terminals

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Atlantic set for hurricane record HURRICANE activity at sea in the current Atlantic season will break records, forecasters have warned. Germany plans to call time on drinking onboard GERMANY is to launch an anti- alcohol initiative at the International Maritime Organization, the federal transport ministry has confirmed. Cruiseships in terrorists' sights despite Turkey arrests TURKEY has arrested several people on suspicion of planning to bomb a cruiseship near Antalya, according to news agency reports. Paul Y buys stake in Nantong Port Group HONG Kong-listed Paul Y-ITC Construction is to go ahead with its purchase of a 45% stake in state-owned Nantong Port Group in the Chinese province of Jiangsu, it said in a submission to the Hong Kong Stock Exchange yesterday. Qingdao in talks to fund $3bn port expansion QINGDAO port, the third largest on mainland China, has advised international port developers and operators that it wishes to spend up to Yuan26bn ($3.17bn) to double its capacity to 12m teu over five years, writes Mike Grinter.

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AUGUST 15, 2005
Call for tougher alcohol limits THE German government wants to launch an initiative at the IMO for stricter rules on drinking on board merchant ships Japanese majors win US LNG contract A GROUP of Japanese majors is reported to have jointly won a long-term contract to transport LNG from Qatar to North America ...they did not shoot the deputy THE deputy sheriff of Cape Town, South Africa, had to be rescued from a departing vessel after the master refused to let the vessel be arrested Boxship charter rates fall BOXSHIP charter rates continue to be unstable, with an average drop of 8% during the last two months US courts can cancel liens BANKRUPTCY courts in the US have the right to cancel maritime liens on vessels ' even those that are not within the jurisdiction of the court Thomas Falknor dies THOMAS Falknor, the senior VP of ICTSI who was largely responsible for the expansion of the Philippine-based company worldwide over the last 10 years, has died of cancer Knightsbridge's figures fall Ganja stash on ship in Barbados Box fire at LA Liner shipping must cut costs Vancouver settlement criticised PSA-Akfen venture wins Turkey bid Malaysian 'haze' fades

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AUGUST 15, 2005
Boxes boost rail traffic again U.S. railroads continue win streak, boosted carloads 1 percent and intermodal loads 7.6 percent for the week ending August 6. SE Asia maritime security drill Lines hold India-Europe hikes Osprey plans Houston transload Brownsville hires port director Turkish port deal for PSA Loss for Kitty Hawk Mohorovic dead at 63 New U.S. GM for El Al

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AUGUST 15, 2005
Grand Alliance and PONL set to start withdrawal talks next month An initial discussion to plan the phased withdrawal of P&O Nedlloyd (PONL) tonnage from the Grand Alliance will be held at next month's Box Club meeting. Vancouver container backlog lingers More than a week after the trucker-strike ended, the container backlog at Vancouver area ports remains high, with some 9,000 boxes stranded at Vancouver and Fraser River. Longshorewoman killed at Port of Tacoma Fire on board Horizon Lines ship in LA Beijing gives assent to Qingdao terminal and FTZ development PSA in Qingdao terminal investment talks K Line completes AWE4 capacity expansion Maersk Sealand starts new West Med-Iberian Peninsula feeder Concor focus to shift east, to Visakhapatnam box terminal Russian car-by-rail formula revs up, with Chinese contract Competition Commission gives nod to Peel's Mersey deal RZhD gains BBB rating thanks to close state links

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AUGUST 15, 2005
Bunkers eat into Thoresen profits Fuel costs take bite out of earnings despite 25% rise in freight revenues. Russian yards may merge Takeover that brings St Petersburg shipbuilders into Sergei Pugachev's business empire could spark industry consolidation. Ship attack suspect charged Syrian accused of plan to crash explosive packed speedboats into cruise vessels appears in court. Definite interest HUBLine becomes latest Malay owner to turn to zero-interest Islamic bonds. Qingdao to get sixth box terminal China Merchants confirms $550m investment in new facility. FASA piles into war-risk row Asian owners slam report used as basis for designating Malacca Straits a high-peril area. SeaDrill inks Jurong option John Fredriksen controlled firm orders second ultra deep water drilling rig at Singapore yard. Knightsbridge numbers down Frontline-managed VLCC operator sees second quarter profits drop to half what they were last year. Pirates renege over ship release Somali hijackers issue fresh ransom after earlier agreeing to release food aid ship and its crew.

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AUGUST 15, 2005
Singapore hosting multinational maritime exercises China COSCO to join Hang Seng index Costa Container Lines to add Guatemala call to Med/Canada/Cuba service Nelson appointed MarAd chief counsel Veteran air cargo exec launches consulting firm Qantas to start San Francisco/Sydney flights Gulf Air to return to South Africa ATA founder Mikelsons to retire Osprey Line completes record waterway move CSX to expand rail lines RailAmerica July carloads dip 2.4% PierPass releases third and fourth week numbers Long Beach sets aside $5 million for freeway study USTDA awards $293,615 grant to Chittagong port Osprey purchased land for Texas container facility

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AUGUST 15, 2005
Russian design contract to Aker Arctic Aker Finnyards' subsidiary Aker Arctic Technology Inc and the FSUE Admiralty shipyards at St. Petersburg have signed a contract about ... NOK 3.8 billion order backlog at Kleven Maritime Kleven Maritime now has an order backlog of 15 offshore vessels, totalling NOK 3.8 billion, as well as being a ... Consafe aquired jack up rig Göteborg-based Consafe Offshore has finalised the aquisition of the accomodation and construction rig "Atlantic Esbjerg" for USD 74 million ...

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AUGUST 15, 2005
Demand falls as buyers take cautious approach A quiet day in key US ports as buyers ride out bullish crude. West Coast SECA proposal receives Canadian backing The US and Canadian West Coast is trending towards a SECA, port authority reveals. Indonesia looks at alternative to fuel oil, distillates A former minister says bio-fuels could become an alternative to fuel oil and diesel used by fishing vessels. New head boosts SMP's Asian resources Oil major takes decision to recruit new Shell Marine Products' chief from outside company as it turns attention to boosting Asian presence. Philippines: Bunkers escape planned tax A handful of petroleum products will be exempt from a new value-added tax. Hearing adjourned as trader seeks out-of-court settlement Trader says outstanding bunker bill may be settled shortly after court case was adjourned pre-hearing. Rotterdam holds firm Monday morning GAC: Volatility means challenging times for bunker traders GAC's Asian bunker manager shares her views on market volatility and why Singapore is the world's leading bunkering port. Korean HSFO exports likely to drop in September South Korean HSFO exports likely to drop by nearly a third next month according to survey. Titan gains strong footing in China with new terminals Titan Petrochemicals will soon become an integrated oil supplier to China, and alludes to supplying ships from one of its new oil terminals.