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Truckers' strike will hurt Vancouver port
THE impact of the ongoing truckers' strike at the Port of Vancouver is becoming severe as carriers are holding back on cargo shipments from as far away as Europe, according to the port authority's chief executive who warned that lost business may not return.
China's CIMC expects H1 net to more than double
CHINA's CIMC, the world's top maker of shipping containers, said yesterday it expected profits in the first half of 2005 to more than double on continued strong demand for containers.
Persian Gulf tanker rates may rise a 5th week
THE cost of shipping oil on 2 million barrel tankers from the Middle East to refineries worldwide may rise for a fifth consecutive week as the supply of ships dwindles, shipbrokers including EA Gibson said.

Port Shots

Port Shots
CHINA Shipping Development Co Ltd said yesterday it and its controlling parent, China Shipping Co , had decided to postpone preparations for CSC's restructuring.

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Shipping News

Truckers' strike will hurt Vancouver port
THE impact of the ongoing truckers' strike at the Port of Vancouver is becoming severe as carriers are holding back on cargo shipments from as far away as Europe, according to the port authority's chief executive who warned that lost business may not return.
China's CIMC expects H1 net to more than double
CHINA's CIMC, the world's top maker of shipping containers, said yesterday it expected profits in the first half of 2005 to more than double on continued strong demand for containers.
Persian Gulf tanker rates may rise a 5th week
THE cost of shipping oil on 2 million barrel tankers from the Middle East to refineries worldwide may rise for a fifth consecutive week as the supply of ships dwindles, shipbrokers including EA Gibson said.

Port Shots

Port Shots
CHINA Shipping Development Co Ltd said yesterday it and its controlling parent, China Shipping Co , had decided to postpone preparations for CSC's restructuring.

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Lion City handles more boxes than HK in first half PWC Logistics to acquire freight forwarder GeoLogistics NYK starts new service to North America Massive Maersk vessel docks in Yantian PierPass to begin soon at LA & LB, but Teamsters criticise programme Transpacific carriers to impose inland fuel surcharge AA to provide non-stop service between Chicago-New Delhi Polar Air crew vote overwhelmingly to authorise strike Northwest to offer new flights between Japan-Guam

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APL, MOL launch peak season Pacific service CMA CGM enters into joint venture with HNN Maersk Sealand, Port of Tacoma celebrate 20-year partnership MOL to launch 2nd Brazil-US east coast link in August SITC adds new vessel to boost S-E Asia services Port Authority of NY & NJ authorises award of contract to expand port rail facility NYK launches new northwest service Steps initiated for declaration of 3 new National Waterways DGS makes benchmarking of maritime training institutes mandatory Shipping cos effect huge savings from slashed marine hull insurance premia South Indian teas to arouse the world! Four-fold rise in silk goods exports to Malaysia Trade via Nathu La from Sept. Capt. Batra, Anil Devli on JNPT Board D. T. Joseph emphasises need to offer value-added services to ex-im trade CONCOR to resume ICD-Aurangabad-JN Port rail operations Air Deccan to suspend Mumbai-Surat flights from July 21 Forex reserves declined by $ 1,447 million to $ 1,37,443 million Jewellery units want to set up shop in hinterland DGFT bans import of used capital goods of Indian origin MoF to clarify provisions of FBT soon Govt rejects plea for duty hike on steel imports US trade team to visit India in September

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JULY 18, 2005
Jet Aviation names new general manager for Singapore NYK offers direct Hamburg-Lisbon service SAA on GF-X adhoc market Spain: EUR 250 billion for traffic infrastructure projects Fedex Express to build new handling centre in China

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JULY 18, 2005
Coast Guard ends cutter conversion program Vietnam yard redelivers car carrier

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JULY 18, 2005
Port of Tacoma celebrates Husky Terminal move Port of Everett taps Hoffman to oversee North Marina project Carriers address peak season with new service to Seattle TSA shifting over to new fuel surcharge scheme Carnival adding new ship to German cruise market

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Judgment reveals CMA CGM alliance talks with Evergreen THE existence of co-operation talks between CMA CGM and Evergreen Marine has been revealed in a court judgment in France. Bidders queue for P&O Nedlloyd service AT LEAST five possible buyers could be lining up for takeover target P&O Nedlloyd's Europe-South Africa service as AP Møller-Maersk races to satisfy customer concerns by next week, writes Janet Porter. Grindrod weighs up London or New York listing FAST-growing South African shipping and logistics group Grindrod is considering the possibility of a stock market listing in New York or London as it eyes more investment opportunities. Seatrade gets the go-ahead for United Reefers purchase REEFERSHIP specialist Seatrade is due to finalise the purchase of United Reefers tomorrow, writes Janet Porter.

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JULY 18, 2005
Grindrod eyes PONL service GRINDROD is thought to be preparing to return to liner shipping following the expected departure of P&O Nedlloyd from the South Africa'Europe Container Service (SAECS). Fair Voyager, foul behaviour THE Greek operator and Liberian owner of the tanker Fair Voyager have pleaded guilty to conspiracy, obstruction of justice and perjury in the US Philippine fire caused by oil leak THE fire that gutted the Philippines ferry Princess of the World on 7 July was probably caused by an oil leak, according to the Maritime Industry Authority (Marina) Hurricane hits Cozumel HURRICANE Emily hit Mexico's Yucatan peninsula with winds of 215 km/hr yesterday, with significant damage expected at Cozumel, the world's most visited cruise port-of-call Korea signs three-way LNG contract SOUTH Korea has finalised the purchase of 5M tonnes of LNG a year from 2008 for 20 years Indian plans national maritime complex INDIA will build a national maritime complex near Chennai which will include an academy of excellence, according to the country's shipping minister, T R Baalu Crew held without trial in Nigeria HMM rumours after Fredriksen move Charter rates fall in summer lull Vancouver: CEO warns truckers Tough trading for Quintana TSA slaps fuel surcharge Mexico shuts oil production Boost for Indonesian owners

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JULY 18, 2005
Landmark MOL deal for Jacksonville Port and carrier to sign 30-year agreement for new terminal and services that will vault hub near top of East Coast container rankings. Vancouver update Canada's CSI move Opinion: In Los Angeles, politics trumps port planning PierPass a boon to ILWU "K" Line plans bigger Tacoma ships U.S., Africa meet on trade N. Carolina port volumes rise CP Ships ups Asia-Aus. service Peak trailers for Norfolk Southern Hamburg boxes up 12.4%

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JULY 18, 2005
Canadian PM urged to intervene in ongoing Vancouver conflict Canadian freight forwarders today urged Prime Minister Paul Martin to intervene directly in the Vancouver trucker-strike, citing a clause in legislation allowing ministerial intervention when deregulated transportation markets become 'dysfunctional.' Australian shippers slam bunker surcharges The Australian Peak Shippers' Association (APSA) has joined the international chorus against alleged profiteering through bunker surcharges, claiming carriers are abusing the cost-recovery system. Sinokor to launch Gwangyang/Japan service FreightLink extends to Melbourne Hong Kong Port sees slight H1 throughput growth ISPS shields French containers from red alert effects India to offer duty-free access to least-developed countries MOL to create box-terminal at Florida's Jacksonville port Inchon H1 container throughput up 14% Marseilles container throughput-growth recovering HMM becomes the first Korean carrier to set up India office

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JULY 18, 2005
Restis goes for Gold Greek owner seeks same pricing range as pending Genco IPO at $24 to $27, could see gross proceeds of $204m. Signs of improvement Aries Maritime trades at its highest point since early June, seemingly boosted by 'buy' ratings from Jefferies, CSFB analysts. MISC moves into Indonesia Deal with domestic owner Bumi Laut will see formation of logistics joint venture. Quintana must borrow $96m Shipping's newest public company will need to draw $54m extra from banks after IPO failed to meet expectations. Pollution fine for Fairdeal US court ruling means Greek products carrier owner loses $1.5m of profit from recent ship sale. Euronav takes Ceres suezmaxes Belgian company completes second phase of staggered Tanklog takeover. Norden pockets Nordafrika cash Vietnamese interests buy 37,000-dwt tanker, giving Danish owner an $18m profit. Arpeni gets drier Indonesian owner confirms purchase of Gleamray bulker. P&O linked to logistics sale Report claims UK ports and ferries group will cast adrift non-core operations. Grindrod tails Nedlloyd? Share offering prompts rumours line will take assets off Maersk's hands to satisfy regulators. Saudi owner surges again National Shipping Company of Saudi Arabia's tankers boost first-half profit by 22%. Leif Hoegh quits Teekay Tanker operator's move into LNG sector sparks conflict of interest with shipowner's family business. Star gets a bonus Reefer operator gets rather more than it expected from six ship acquisition. Capsize firm in private placing More than 100 investors back company involved in bid to keep elderly cruise ship afloat. CSG ditches bulker IPO Chinese giant blames 'current state of the market' for decision to halt plans to float its bulker assets. CP Ships doubles up Container line shares vessels with Yantai Marine to go weekly between Asia and Australia. HMM chases the rupee Korean owner plots four affiliate offices in India as it backs economy to rival China.

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JULY 18, 2005
Pacific carriers add U.S. rail, truck fuel surcharges Remaining Hamburg Sud 5,552-TEU ships to join Europe/Brazil route CP Ships links with Yantai Marine to raise Asia/Australia frequency China Cargo Airlines orders two 747 freighters Dragonair's cargo up 20.7% Ashby to leave US Airways to head start-up Indian airline FedEx Express VP Barber to retire Top U.S. highway official steps down FHA rushes road aid to Connecticut JBC International helps train Russian Customs officers Expanding PWC Logistics to buy GeoLogistics in $454 million deal Agriculture Secretary outlines plan to import Canadian cattle NIT League opposes California container fee Long Beach box traffic growth slows Marseilles-Fos container volume down 1%, increases security level Sustained traffic growth at Hamburg port in first half Bulk discharge facility to be built at port of Cristobal, Panama

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JULY 18, 2005
Two coaster-newbuilding for Danish owners Rederiet Nielsen & Bresling of Fåborg has signed up with the Dutch Bodewes Group for two newbuildings for delivery in 2006 ... Rederi AB Nestor buys tug Rederi AB Nestor (a subsidiary of Marine Carrier AB) of Pitea, Sweden has purchased the 8,400 BHP ocean twin screw ...

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JULY 18, 2005
Emily heads toward Gulf, bunker and crude markets unfazed Jamaica open for business as Gulf suppliers watch hurricane's progress, and crude markets drop as supply remains unaffected. Supplier: Mexico a good place to bunker A local supplier in Tampico and Altamira in Mexico says that "efficient service" can be provided in the ports, despite claims to the contrary. South Africa: New details for GAC Bunker Fuels Lion republic takes top spot for container handling in H1 First half container volumes in Singapore have overtaken those in Hong Kong, pushing the lion republic into the world's top spot for container handling. Indonesia targets fuel smuggling as shortage bites A national fuel crisis in Indonesia has prompted the government to announce a range of measures to overcome fuel shortages, including a boost to marine security to prevent smuggling activities. JP Morgan: VLCC rates set to double in Q4 JPMorgan Chase & Co (JP Morgan) has forecast that freight rates for VLCCs will double in Q4 as the US ramps up imports to meet peak winter demand. SK networks to build fuel oil facility in Eastern China South Korea-based SK Networks, the oil trading and distribution arm of SK Corp., said today that the company had signed a letter of intent with joint venture partners to build a fuel oil plant in Eastern China. Singapore: Mix-up behind supply of off-spec bunkers An oil major has owned up to having supplied off-specification bunker fuel oil to a Singapore bunker re-seller, but says it was a one-off incident caused by a mix-up at the loading terminal. Singapore: Storage in high demand, developments short-sighted Singapore's oil storage capacity is reaching its peak and the problem will resurface even if new storage space is added, an industry source has warned. Spain/Mexico seek changes to IMO rules for STS transfers Coastal states are seeking to exercise more jurisdiction over ships refuelling on the high seas due to concerns over pollution of territorial waters.