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Shipping News

Need for transshipment will end in 3 years: India
IN a matter of three years India's exports will be able to go straight to their destination without having to be transshipped through regional ports, according to its minister in charge of shipping.
Portek wins $19m in global orders
MAINBOARD-listed Portek International has secured new global orders worth $19.2 million, including the company's first entry into the European market.
PTP sees throughput surging 25% this year
MALAYSIA's Port of Tanjung Pelepas, a key rival to neighbouring Singapore's PSA International port, expects container throughput to jump more than 25 per cent this year thanks to a boom in global trade.
China Cosco's earnings up 42% in H1

Admiralty Casebook

Crane barge owner fails in bid to limit liability
THE Singapore High Court last week threw out a bid by the owner of the crane barge Antara Koh B8 to limit its liability from the toppling of its crane on Feb 15, 2003, which resulted in the sinking of the tug Tambat and the loss of seven lives.

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Shipping News

Need for transshipment will end in 3 years: India
IN a matter of three years India's exports will be able to go straight to their destination without having to be transshipped through regional ports, according to its minister in charge of shipping.
Portek wins $19m in global orders
MAINBOARD-listed Portek International has secured new global orders worth $19.2 million, including the company's first entry into the European market.
PTP sees throughput surging 25% this year
MALAYSIA's Port of Tanjung Pelepas, a key rival to neighbouring Singapore's PSA International port, expects container throughput to jump more than 25 per cent this year thanks to a boom in global trade.
China Cosco's earnings up 42% in H1

Admiralty Casebook

Crane barge owner fails in bid to limit liability
THE Singapore High Court last week threw out a bid by the owner of the crane barge Antara Koh B8 to limit its liability from the toppling of its crane on Feb 15, 2003, which resulted in the sinking of the tug Tambat and the loss of seven lives.

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Tianjin to build additional port areas Transland Shipping opens Guangzhou logistics centre China rail volume up in August Port of Vancouver tackles harmful emissions with fuel additive MOL revamps India training facility Schenker Logistics to serve US Olympic team through 2008 Famous Pacific's UAE partner to build new warehouse Delta, Northwest Airlines file for Chapter 11 Nippon Express opens new logistics hub at Singapore airport

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Major maritime event (INMEX India 2005) to be held in city from October 5 to 8 MoS veers round to idea of part-privatisation of CIWTC Strait nations launch 'Eye in the Sky' to combat piracy on high seas GE Shipping Board clears scheme to demerge offshore services business Offshore will certainly be Great! N. Karnataka grape growers drool as overseas demand pours in India made 1st 'focus country' at ACLE in Shanghai Paradip Port may install SPM to handle crude imports by March 2006 Baalu inspects progress on Chennai, Ennore Ports' road connectivity Charges for ships using Sethu canal only after consulting stakeholders Report on model concession pact for ports sector next month Rlys re-introduces mini-rake scheme for short-haul traffic Fuel price fever may push truckers off roads Logistics cos lay stress on IT, innovation to stay ahead No cess on petro-products exports, clarifies CBEC Vizag-Kakinada 'export corridor' planned to cater to SEZs needs Commerce Ministry okays Nagpur SEZ, subject to conditions Nasscom chief upscales IT, ITeS exports growth projection for 2005-06 Exim Bank extends LoC to Ivory Coast, Mali

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SEPTEMBER 15, 2005
Yiah Soon in charge of UK P&I Club's Singapore branch Panama Canal's Gatun Locks our of service Fedex orders six Airbus A300s Kombiverkehr launches "Hungaria Express" TNT Express takes on record 123 trainees UAE and Australia discuss free trade Alcatel integrated IT and security system for Belgian rail Meditertrans, Naples, 23-25 September

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SEPTEMBER 15, 2005
Dry bulk freight futures "steady" US grain exporters working to restart Gulf port movements Small tankers getting larger California cruise traffic on the rise Farstad sells supply ship

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SEPTEMBER 15, 2005
Manitowoc pulling out of Toledo More Bollinger yards back at work

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SEPTEMBER 15, 2005
Port of Portland nets $2,744,494 in DHS funds NASSCO starts work on next T-AKE vessel Port of Tacoma taps Coffey as East Coast sales manager Horizon Lines adding 900 "Reefer PlusSM" containers Steelscape adding new section to Kalama, Washington operation

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Hedge funds in a spin as CMA CGM pulls out of CP Ships race HEDGE funds that had bet heavily on a counter offer for CP Ships now stand to lose vast sums of money following CMA CGM's withdrawal from an anticipated bidding war. Adrion takes helm of WSC as Miles steps down from top posts CP SHIPS chief executive Ray Miles has stepped down as chairman of both the Box Club and the World Shipping Council ahead of his company's imminent takeover, write Janet Porter and Marcus Hand. Syndicates are strong enough to survive Katrina, predicts Lloyd's ALL syndicates at Lloyd's are looking strong enough to outlast the impact of Hurricane Katrina losses, said the market as it made a provisional estimate of a net loss totalling '1.4bn ($2.55bn), writes James Brewer. MEP 'no' votes put EU Ports Directive on shaky ground EUROPE'S port services directive has been dealt a double blow by committees in the European parliament.

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SEPTEMBER 15, 2005
CMA CGM won't bid for CP Ships French line has declined to launch a counter-offer for CP Ships, which is currently a takeover target of TUI, the parent company of Hapag-Lloyd. Photos: Port of New Orleans Distribution centers seeking lower-cost inland locations Data: List of port security grants for fiscal 2005 N. Carolina ports re-open some operations Chief of merchant officers union indicted Extension sought for China textile curbs Cosco profit climbs Delta, Northwest file for bankruptcy protection Air patrols for Malacca Strait 3PL a $98B market: Study

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SEPTEMBER 15, 2005
CMA CGM ends its interest in CP Ships In an official statement today CMA CGM confirmed it would not make a counter-bid for CP Ships, thereby closing the door on protracted talks between the French and Canadian companies. Russian electronics shippers hail Customs anti-cheat measures Manufacturer-importer co-operation in 'green lane'-style measures for imports to Russia is the way forward in the ongoing campaign against 'grey' and illegal imports, according to a cargo-interests body and Customs. Wei looks for the positives as COSCO announce strong results China suspends issue of textile export licences to the EU North Carolina port beginning to open after Ophelia Contract inked for Beilun Phase IV development India plans road network for ports Portland gets Homeland Security agency funds Yosu earmarks funds for Gwangyang's 2006 development DHL to take over Sony warehousing and volumes

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SEPTEMBER 15, 2005
Transpetro tender cleared Brazilian court reverses earlier decision that blocked 42-ship, $1.9bn tender from moving forward. 'About six' Jones Act waivers granted Jonathan Whitworth of leading cabotage player Maritrans says the open door for foreign-flag tanker owners should close as scheduled 19 September. EU spill law stillborn Legal ruling scraps directive and gives shipping another chance to prevent crews in oil spills being jailed. Suez gears up for VLCCs Dredging of international waterway threatens credibility of suezmax fleet. Japan detains 31 August checks land Spliethoff and MMM ships in trouble with port state inspectors. Bocimar final result slips Deferred tax bill eats into Belgian owner's first-half prelims. Free at last UN aid ship seized by Somali pirates finally allowed to sail. RCCL hikes dividend Bumper profits convince line to pay out an extra 15% to investors. CMA CGM out of the running French container line bows out of battle for CP Ships, leaving TUI in the clear. Mercator junks port plan Indian tanker owner to focus on breaking into other shipping sectors after ditching project in Gujarat. Toll makes speed concession Interisland operator will slow down its new New Zealand ferry after protests from residents. NAT lines up growth funding Suezmax owner sets up five year credit facility with DnB to buy more tonnage. CCHC starts well The newly listed parent of Chinese box line Coscon posts profit in first earnings report. Texan bullish on bulk Quintana Maritime backer increases his stake in company despite solid share price. Morten does the Dow Morten Arntzen-led OSG has shouldered into the place of bankrupt Delta Airlines in the Dow Jones Transportation Average. TOP takes Symphony Evangelos Pistiolis' Nasdaq listed venture buys Minerva suezmax and Great Eastern handymax.

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SEPTEMBER 15, 2005
CMA CGM pulls out of race for CP Ships China COSCO's net profits up 42.3% Hanjin president Park joins WSC board Delta, Northwest submit bankruptcy petitions US Airways creditors approve plan of reorganization Jade arranges lease for 747-400s DHL names former FedEx exec Cameron as executive VP Yellow Roadway's board authorizes stock repurchase King to head House Homeland Security Committee CBP takes phased-in approach to wood packaging enforcement Bhatia pegged for deputy USTR chief FKI Logistex nets $22 million Army-Air Force contract Ozburn-Hessey Logistics tabs business development VP North Carolina ports partially reopening today Joint venture established to develop Ningbo terminal Port of Vancouver USA studies rail options Port of Sacramento commission votes to dissolve governing board Mineta visits New Orleans Port of Portland releases annual environmental report Vancouver Port Authority says ship fuel additive cuts emissions Copenhagen Malmo port handles record number of car carriers

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SEPTEMBER 15, 2005
"Finnjet" to New Orleans? "Finnjet" might not be laid-up when the season ends on the Rostock-Tallinn-St Petersburg run on 23 September ... Norway's anti-pollution measures inadequate Norway's lack of adequate anti-pollution measures was exposed during the exercise "Barents Rescue" off the coast of the County ... Color Line gets an off'cial warning Norway's biggest car/passenger ferry operator Color Line has received a strong, official warning from The Norwegian Competition Authority (Konkurransetilsynet ...

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SEPTEMBER 15, 2005
Temporary contact numbers for PDVSA Deltaven Venezuelan supplier advises mobile contact numbers as company shifts offices. Houston prices firm after ship gets bargain stem Prices bouncing back in Houston today from earlier in the week as an AP Moller ship receives a large stem at a discount price. Charleston re-opens as Ophelia passes Local supplier advises Charleston back in business as hurricane keeps Wilmington and Norfolk closed. KPI thanks customers for New Orleans relief effort Bunker broker thanks its 'generous friends' in the industry for supporting its hurricane relief donation plan. Shipyards accused of overcharging for product tankers Hefty newbuild prices force owners to look for alternatives to traditional yards. Shortfall in new-build orders for smaller tankers Orderbooks show disproportionate distribution in tanker sizes for newbuilds to replace phase-out profile. Africa: Addax ploughs on with fleet renewal programme Addax Bunkering Services has chartered a double-hulled barge to operate in the Gulf of Guinea as part of its fleet renewal programme. Cosco profits rise 42% despite soaring bunker costs Export growth boosts Cosco's H1 profits despite a 34% increase in average bunker costs in Singapore. Fuel additive gets thumbs up on cutting air pollution Trials of chemical catalyst found to achieve significant reductions in harmful emissions without adding to cost. US: Bunker player plans $98 million IPO US bunker player has set the price of its initial public offering on the New York Stock Exchange. Total to acquire ExxonMobil interests in 14 countries Total has signed Sale and Purchase Agreements to acquire the shares in ExxonMobil companies operating fuels and lubricants businesses in 14 African countries, including marine businesses. ARA market firm after crude bounce Singapore: Stocks of residual fuel at 26-week high IEA favours increase in OPEC oil output IEA has urged OPEC members to increase oil production when they meet next week, and that IEA members may also release more oil from strategic reserves. Singapore bunker firm adopts cost savings schemes Bunker firm Azamar Fuels Singapore yesterday reiterated over an appreciation lunch a couple of schemes that can help its customers defray costs in this period of high bunker prices.