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PSA, P&O Nedlloyd in deal on Voltri Terminal
PSA International has reached a tentative deal to sell a stake in Italy's Voltri Terminal Europa to P&O Nedlloyd , the world's third largest container carrier.
Daewoo wins record tanker order
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said it has received orders to build three vessels valued at 379.3 billion won .
EU okays ship-fuel sulfur limits
THE European Union will limit sulfur in ship fuel after lawmakers approved a maritime clean-air package that may increase fuel costs by 1.1 billion euros a year.
Replica of Capt Cook's ship stuck in sandbar

Port Shots

Port Shots
JINZHOU Port's Q1 profit up 41% on surging cargo business Jinzhou Port Co, a port operator based in northeast China, said profit rose 41 per cent in the first quarter as the cargo business surged 30 per cent.

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Shipping News

PSA, P&O Nedlloyd in deal on Voltri Terminal
PSA International has reached a tentative deal to sell a stake in Italy's Voltri Terminal Europa to P&O Nedlloyd , the world's third largest container carrier.
Daewoo wins record tanker order
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said it has received orders to build three vessels valued at 379.3 billion won .
EU okays ship-fuel sulfur limits
THE European Union will limit sulfur in ship fuel after lawmakers approved a maritime clean-air package that may increase fuel costs by 1.1 billion euros a year.
Replica of Capt Cook's ship stuck in sandbar

Port Shots

Port Shots
JINZHOU Port's Q1 profit up 41% on surging cargo business Jinzhou Port Co, a port operator based in northeast China, said profit rose 41 per cent in the first quarter as the cargo business surged 30 per cent.

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HK Q1 throughput rises 1.4pc to 5.28m TEU Sinotrans, Wan Hai Lines to introduce N China-Taiwan service SITC Container Lines to launch two new services Yangtze River between Wuhu and Nanjing to be made safer Construction begins on Wal-Mart distribution centre in Shenzhen Singapore handles record throughput in March Cosco to invest in new container terminal at Nansha port HK truckers abandon checkpoint blockade plan Nippon Express joins Lufthansa Cargo's loyalty programme Qantas increases domestic services to Queensland Air NZ to maintain Virgin Blue planes Volga-Dnepr Group appoints new MD for UK

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HSL to build six 53,000-DWT bulk carriers DGS to meet ship manning agents, unions on April 20 Promotion body for service exports to be announced soon'DGFT chief US may review dumping duty on Indian shrimps on April 25 India logged 27 pc export growth in 2004 Soyabean oil imports gush by 152 pc in Nov.-March 2004-05 LNG imports from Qatar set to quadruple Mumbai, Karachi WTCs sign MoU Kamal Nath seeks closer trade ties with Japan India, Pakistan giving trade a chance Oil jetty at Paradip Port commissioned Kandla Port handles record 41.54 m tonnes traffic in 2004-05 New deep-draught berth to boost NM Port's handling capacity Rlys to implement Wagon Investment Scheme at the earliest Railway Ministry fixing conditions for private container operators Forex reserves up by $ 297 million to $ 1,41,204 million CBDT defers assessment, recovery proceedings against exporters till June 30 Star Track Terminals on steady growth path National board to tackle logistics issues needed, stresses KoPT chief National Eminence Award for Vijay Kalantri TN, Apeda sign MoU to set up cashew export zone Gati concession for small parcels to S-E Asia

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APRIL 18, 2005
New player steps onto Polish bunker stage A new player has entered the Polish bunker market to offer supply of marine gas oil (MGO) to oceangoing vessels, with ambitions to expand its service to include fuel oil at a later stage. Turkish players declare readiness for Marpol VI Bunker suppliers operating in the Turkish market today announced that they are ready for full compliance with Marpol Annex VI regulations when they into force next month. Government seeks to revive Fujairah Refinery Officials at FUJCON 2005 revealed ambitions to resume refinery operations at the old Fujairah Refinery Company, which is currently in use as a storage facility for local bunker suppliers. Rotterdam midday market snapshot Singapore: MPA issues Marpol Annex VI warning The Maritime and Port Authority of Singapore has issued a reminder regarding the implementation of Marpol Annex VI and the consequences of non-compliance. India: New Offshore facility could offer competitive bunkers Plans to establish an offshore bunkering facility will provide ships with a cost-effective bunkering alternative, able to compete with Colombo and Singapore, port officials hope.

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APRIL 18, 2005
Aviation Club AGM scheduled for 28 April Emirates to offer second Egyptian destination Verizon to offer fleet systems to small and medium companies IRU for delay of digital tachograph Wincanton takes over Comet recycling Mat UK and Ulusoy Turkey launch new rail operation PONL sign MoU to buy 30% of Voltri Terminal Europa Management change in the JAL Group

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APRIL 18, 2005
EU Parliament looks to 0.5% SOX limit after 2008 Euro ports get greener Lloyd Triestino replaces Montreal service with slot charter deal Cosco Pacific in China port deal

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APRIL 18, 2005
Liberia offers harmonized ISPS and ISM audits Daewoo Romanian yard books orders worth $850 million

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APRIL 18, 2005
TSA member carriers warn of free time cuts Port of Seattle honors Sea-Tac Airport volunteers Washington governor taps orca as state's official marine mammal Port of Portland nets contract to handle Hyundai auto imports New 'Open Skies' air deal signed between U.S., India

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AP Moller-Maersk threatens closure of Lindø DANISH shipbuilder the Odense Steel Shipyard has been threatened with possible closure by its owner unless productivity improves. Lloyd's agency woos wealthy investors A LEADING members' agency at Lloyd's is pressing ahead with plans to set up an investment fund to win a new range of investors to the market. Seven-storey wave hits Norwegian Dawn off Florida THE Norwegian Dawn has returned to service after a freak 70-ft wave off Florida in the Atlantic Ocean smashed two upper-storey windows on the cruiseship and flooded 62 cabins on Saturday, injuring four passengers, writes Rajesh Joshi in New York. Broström takes on Vroon's Iver stake SWEDEN'S Broström has pushed on with a campaign to rein in its commercial activities with the acquisition of Dutch partner Vroon's 50% stake in joint operation Iver Ships. Baltic giants team up to improve ice training STENA and Sovcomflot are to be joint sponsors of a Russian maritime academy, with the aim of boosting future supplies of officers and ratings trained for ice conditions. Barroso defends his friendship with tanker tycoon EUROPEAN Commission President Jose Barroso was forced to fend off accusations of cronyism yesterday after it was revealed that he spent a week with his family on board a luxury yacht belonging to a Greek shipping tycoon.

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APRIL 18, 2005
QE2 crew vandalise lifeboat CREW on the QE2 have damaged a lifeboat as well as vandalising works of art, an entertainments area and staff toilets aboard the vessel, according to media reports NOL executive Hans Hickler quits HANS Hickler, CEO of APL Logistics, a subsidiary of Singapore listed Neptune Orient Lines has resigned to pursue another opportunity Berlian Laju to expand fleet INDONESIAN publicly listed shipping giant Berlian Laju Tanker has drawn up a spending plan of $350M this year to expand its fleet Phillipines begins FOB tenders PHILIPPINE-flagged vessels now have the chance to carry state-owned cargoes, after the National Food Association agreed to auction some rice imports on an FOB contract China may raise textiles tariff CHINA is considering raising export tariffs on certain categories of textiles by CNY2-4 ($0.24-$0.48) per item in the hope of slowing a rapid growth to the US anda Europe Brostrom buys Iver BROSTROM will buy the Vroon group's 50% stake in Iver Ships, the company that operates Brostrom's product tankers trading outside Europe India may raise retirement age Moroccan tug strike may grow Chennai's new box berth tender TSA warns on US free-time cuts Strike continues at SNCM French adopt new register Rogue wave hits Norwegian Dawn US blacklist hits Indonesian crew China LNG project begins Cosco to invest in Nansha terminal

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APRIL 18, 2005
TSA warns shippers about demurrage Carriers remind shippers of announcements by ports and railroads about tighter policies on storage. Cosco Pacific enters China port venture CP expands rail network for China trade Cargo volume jumps at Port of Montreal Indotrans to leave New Orleans Striking seafarers clash with police at Marseilles Japan criticizes US, 40 other nations for trade barriers NACA Logistics restructures Western management TNT, Norway Post expand pact ILA's Joe Kelly dies at 65

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APRIL 18, 2005
French carrier cuts deal with Deurganckdok shareholders CMA CGM will officially announce that it will become the fifth shareholder in the Antwerp Gateway container terminal on Antwerp's Deurganckdok, this week. China to increase tariffs on textile exports China is considering further increasing export tariffs on some textile categories to lower the rapid growth of its exports going into the US and Europe. Singapore retakes top spot as HK growth slips Taiwan sees 85% drop in Q1 trade surplus US halts Indian shrimp shipments Asia-South America trade livening up, with PIL planning new service South Africa negotiates with surcharge holdouts Chennai invites bids for second terminal Joint venture sees Cosco Pacific press on with Nansha project SA and Mozambique give 'firm instructions' to fix Maputo rail-link Funding package completed for Prince Rupert box-terminal Fujairah reverses downward trend, and shoots for 1.7m TEU Finland's ports back to work Dwell-time penalties working through supply-chain, warns TSA

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APRIL 18, 2005
GO declares its ambitions Vassillis Vintiadis includes shipyard acquisition as possible goal of his fledgling bulk carrier operation. Titan linked to VLCC duo Hong Kong-based group continues to bump up tanker tonnage tally. Unions poised to quit ILO talks Enforcement of labour laws by port-state control a 'show-stopper', says ITF. Martinac cries foul US shipyard appeals against decision to exclude it from state ferry tender on financial grounds. GO sets course for AIM Shipbroker Vassillis Vintiadis prepares for $82m mini IPO in London for new dry bulk venture. Latvian rebels go to court Sacked vice president Valerijs Godunovs and two other directors take legal action over dismissal. Brostrom buys Iver Ships Swedish owner strikes deal with partner Vroon to take full control of 20 products tankers. Solstad takes over trio Norwegian owner builds stake in three offshore vessels and sells holding in another. Eships takes five Expanding Emirates owner inks first chemical carrier newbuildings in Korea. NSCSA climbs again Strong start to year for Saudi tanker owner as first quarter profit grows. Freak wave hits NCL ship Passengers hurt and cabins flooded aboard Norwegian Dawn off US Atlantic coast.

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APRIL 18, 2005
TSA warns of "sharply higher" container demurrage charges FL Group to buy another five Boeing 737-800 airplanes European Parliament amends proposed EU driving hours rules First U.S. beef exports to Taiwan to arrive next week New York, Virginia shippers settle U.S. export violation charges SDDC's Fletcher promoted to major general COSCO signs Nansha box terminal venture Prince Rupert expansion project to get C$60 million government boost DHS awards $17 million for Operation Safe Commerce Port of Los Angeles approves $1.2 million environmental program

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APRIL 18, 2005
Transit of Russian Russian oil export through the port of Muuga is USD 3'5 cheaper per ton than trough Russian ports, according ... Training of ice crews ' Stena Bulk and Sovcomflot sign cooperation agreement Stena Bulk in G'teborg and Sovcomflot in Moscow have signed a cooperation agreement to secure the supply of well educated ... Broström sole owner of Iver Ships and four vessels The Swedish tanker owner and operator Broström acquires all outstanding shares in Iver Ships from Dutch Vroon. Iver Ships handles ...