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Shipping News

Shanghai tells lines to move services
THE operator of the Shanghai port has started asking shipping lines to move their European services to the city's new facility at Yangshan by December.
Royal Caribbean Q2 profit rises 26%
ROYAL Caribbean Cruises Ltd, the world's second-biggest cruise operator, said second-quarter profit climbed 26 per cent, beating analysts' estimates, as travellers spent more on cruises.
Kudos for S'pore maritime security strategy
THE head of a new European Commission maritime policy task force praised Singapore's maritime security strategy, particularly its provision of identification transponders to small vessels.
China shipping firm buys US$51m oil tanker

Admiralty Casebook

When a ship's master cannot reject cargo
A CLAUSE in a time charterparty that gave the vessel's master the right to refuse to load cargo if he has to make changes to the description of the cargo in the bill of lading did not provide an unqualified right to reject the cargo.

web site

Shipping News

Shanghai tells lines to move services
THE operator of the Shanghai port has started asking shipping lines to move their European services to the city's new facility at Yangshan by December.
Royal Caribbean Q2 profit rises 26%
ROYAL Caribbean Cruises Ltd, the world's second-biggest cruise operator, said second-quarter profit climbed 26 per cent, beating analysts' estimates, as travellers spent more on cruises.
Kudos for S'pore maritime security strategy
THE head of a new European Commission maritime policy task force praised Singapore's maritime security strategy, particularly its provision of identification transponders to small vessels.
China shipping firm buys US$51m oil tanker

Admiralty Casebook

When a ship's master cannot reject cargo
A CLAUSE in a time charterparty that gave the vessel's master the right to refuse to load cargo if he has to make changes to the description of the cargo in the bill of lading did not provide an unqualified right to reject the cargo.

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Vancouver port strike may end in days: minister Le Havre's overall trade up over 4 pc in H1 Georgia Ports Authority announces record 2005 year-end results Long Beach board approves US$411m budget for 2005-06 P&O expands port operations in Russia Wallem group set on Asian expansion APL sets up new unit in Turkey Airbus H1 profit rises, while Boeing's 2Q earnings fall Emirates launches enhanced cargo service to Islamabad Volga-Dnepr expands international sales team

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COSCO commences direct, weekly RAS service ex-NSICT Parliamentary panel invites suggestions on Admiralty Bill 2005 within 20 days TOC Europe 2006 to be held in Hamburg Shipping still best choice for efficient, cost-effective & eco-friendly transport of goods, avers IMO head Shreyas Shipping posts whopping 334 pc jump in Q1 net profit MSC to put mega boxships onto Silk Express service Safmarine puts 2nd vessel on S. America route Hamburg Süd puts six new ships into service Wan Hai steering into major expansion mode NYK starts new service to North America CP Ships to double frequency of Asia-Australia service MOL wins 'green' award Black pepper prices rise as Lanka withdraws from market Iron ore exports estimated to touch 60 m tonnes in 2005-06 Sethu project impact: Second round of talks with Lanka team on Aug. 1 India, Philippines sign pact on daily flights Gateway Distriparks Ltd posts excellent Q1 results Forex reserves dipped for third week in succession Anti-dumping duty on Russian, Chinese steel withdrawn China offers knowhow to produce superior quality silk Tea Board weighed down by increased imports, output Rampant use of anti-dumping measures hampers better market access-paper

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JULY 28, 2005
Volga-Dnepr Group names Gliznoutsa as group commercial director New Chipolbrok services to Middle East and USA Cargo and services up at Brussels airport Eureka: satellite system to monitor rail hazmat transport Hub Group reports record Q2 earnings

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JULY 28, 2005
Wilh Wilhelmsen profits up K Line consortium wins Indonesian charters for 3 LNG ships Teekay wins two contracts for Tangguh LNG project ISC profits soars P&O in Russian port expansion

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JULY 28, 2005
Manitowoc marine segment disappoints California announces $5 million in port security grants

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JULY 28, 2005
APL turns to radio IDs to speed LA container search NAFTA partners see jump in surface transport numbers Coast Guard Day picnic scheduled for Ft. Lewis park DOT announces funding for Ready Reserve Force Steel imports decline during month of June

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Teekay to buy back another $250m shares A fresh $250m share buyback programme has been launched by Teekay Shipping, underlining the financial strength of the world's leading aframax and shuttle tanker operator. Partners savour Tangguh LNG success Teekay Shipping and K Line have confirmed their success in winning contracts for the BP-led Tangguh liquefied natural gas project in Indonesia, writes Tony Gray. New-look Genmar hints at fresh ventures GENERAL Maritime has responded to criticism of its commercial strategy by revealing what it says is a reinforced management team and expressing a willingness to consider diversifying into other sectors, including the product transport market. Italian owners demand military protection from Somalian pirates ITALY's shipowners have called for military protection following two attacks in a week on Italian vessels off the coast of Somalia. Rescue goes on after 12 die in rig blast RESCUE operations continued yesterday at the scene of India's worst offshore oil incident where 12 oil workers are confirmed dead and six remain missing, writes Martyn Wingrove. LCH.Clearnet FFA September launch LCH.Clearnet has set September 13th as the start date for clearing services in the wet and dry forward freight agreement market, writes Neville Smith.

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JULY 28, 2005
Star Reefers ahead in quarter STAR Reefers, the reefer shipping group, almost doubled its net profit to $11.7M in 2Q05 from $6.3M in the same period last year Great Eastern profits grow by 250% GREAT Eastern Shipping today posted a record 245% growth in net profit to Rs3.53Bn ($80M) for the second quarter of the year Volumes and profits up at Aboitiz ABOITIZ Transport System Corp posted an increase in profits to PhP330M ($6M) for 2Q05 on the back of growing passage and freight volumes Iraq to use Iranian ports THE Iraqi government has signed a major accord with Iran that allows Baghdad to use Iranian ports to meet the country's import needs GenMar slips again GENERAL Maritime, the US-based Aframax and Suezmax operator, has posted falling results for the second quarter in a row Teekay expands LNG holdings Caribbean ferry warning issued Americas trade agreement approved Bombay High accident latest Wilh Wilhelmsen posts 2Q record US oil spill clean-up tax to return Mumbai rig blaze kills at least 12 Samudera signs first LNG contract

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JULY 28, 2005
No deal in Vancouver strike talks Mediator adjourns marathon talks; will present non-binding offers to motor carriers, striking drivers in bid to end protest at Canadian port. TACA LA charge still off Va. port mark House passes CAFTA PierPass again delays peak fee ISC earnings improve Canada reviews air-cargo security Matson shows better profit USPS steps up Pac Rim service CSX notches strong quarter

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JULY 28, 2005
Vancouver trucker negotiations enter second day Marathon talks continued today (Thursday) to resolve a long-running container truck strike affecting Vancouver and Fraser River Ports. Beijing confirms tariff-free policy for Taiwanese fruit imports Beijing will exempt the import tariffs on 15 kinds of fruit from Taiwan starting on August 1, the Chinese Ministry of Commerce (MoC) announced today. Terminal 6 will boost Kaohsiung's competitiveness Union brings Jeongil Terminal to a standstill Asiana launches Inchon/Tokyo service CP Rail's strong returns maintained on intermodal platform Rickmers-Linie orders new heavy lift ships Trenitalia takes controlling stake in TXL Post-panamax cranes head for Centerm MOL opens sixth office in Indonesia Gunsan H1 container throughput declines Export ban on Sichuan pork a blow to railway industry Arkas names latest newbuild

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JULY 28, 2005
CMB is covered Marc Saverys' Bocimar is feeling no pain at low spot rates. Excalibur sails again A long-idled LNG carrier has won six weeks' work for Exmar. Titan adds double-hull VLCC Hong Kong trader and owner Titan Petrochemicals is upgrading its fleet for $89m cash. Great Eastern in big profit... Indian shipowner posts massive rise in Q2 earnings. Manitowoc loses on three jobs Great Lakes builder Manitowoc is looking ahead to better days. .....but mourns loss of Mulji Former deputy chairman Sudhir hailed as entrepreneur and economist. Odfjell in grisly collision Indonesia is holding a Norwegian chemical tanker after an incident three weeks ago with a smaller vessel. Teco bulk earnings up US bulker, barge and terminal operator Teco Transport is a bright spot for parent Teco Energy. Samudera triples profits Boxship-to-tanker operator continues strong run as group dips a finger in LNG. Matson buoys A&B Hawaii specialist Matson is hinting at new moves to meet competition from Pasha. Minoan to sell Anek stake Local reports claim Greek ferry operator would rather have cash than invest in competitor. Front Tobago sold? Brokers report Frontline, Euronav and OSG offload 1993-built VLCC to China's Nanjing. Keppel in 17% first-half gain Rig and FPSO specialist books $166m profit and lifts dividend. Shanghaied! Lines given December deadline to move to new Yangshan deepwater terminal. Huge jump in profits for SSC Singapore Shipping sees earnings rise more than six-fold in last three months. Wilhelmsen in record 2Q result Cars, heavy and non-containerised cargo lift Norwegian owner's profit 28%. Star shines in Q2... ...but polish comes off the market for Kristian Siem's boys in the third quarter. Boxships lift ISC Buoyant market conditions help double second quarter profits at International Shipbholding Corp K Line makes up Tangguh trio Japanese owner joins two other consortiums in winning long term charter contracts for LNG shipment.

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JULY 28, 2005
Wilh. Wilhelmsen achieves record second quarter profit A&B's second quarter profits down 2% MarAd awards contracts for Ready Reserve Force management MOL opens fifth Indonesian office Crowley Maritime names Menendez logistics development director Colography Group report confirms strong 2004 air freight market ... ... But slowdown in 2004 air freight growth continues Negotiators reach agreement on Highway Bill Norfolk Southern's second quarter profits nearly double CSX second-quarter net income up 39% House narrowly passes CAFTA, industry applauds C.H. Robinson's profits up 53% Collins says chemical facility regulations needed U.S. donates another $7 million in food aid to Niger PierPass grants shippers extra reprieve

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JULY 28, 2005
Indian oil platform destroyed in fire A severe fire broke out on Wednesday afternoon and caused complete destruction of one of India's biggest oil platforms, situated ...

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JULY 28, 2005
USEC bunker prices follow crude slightly firmer Bunker prices in New York up in line with rising crude and tightening avails, HSFO cargo reportedly on its way from Venezuela. Key Fujairah cargo source defers July shipments National Iranian Oil Co. (NIOC) defers export of several HSFO cargoes earmarked for July to August on prolonged refinery maintenance. Lubricant additive supplier posts record results The Lubrizol Corporation, supplier of additives for a variety of lubricants, has announced a surge in its second quarter, 2005 results despite higher raw material costs. Asia: Traders unfazed by fuel oil cargo delays Amid weak Chinese buying interest and an already heavily supplied market, traders in Singapore appear unfazed by the delay of fuel oil cargoes from the Middle East. Royal Caribbean profits increase despite 37% fuel price increase Cruise line records increase in Q2 profits despite surging fuel costs. Egyptian bunker market seeking up to 5% sulphur fuel oil cargoes EGPC has issued a tender to buy up to 756,000 metric tonnes of high-sulphur fuel oil for the country's bunker market, although sulphur content specified in the tender exceeds MARPOL limits. ARA market steady and quiet again Thursday morning Singapore: Fall in stocks of fuel oil and middle distillates SK Corp lowers August crude runs on weak refining margins South Korea's SK Corp is cutting its planned crude processing rate for August on weak refining margins, but bunker sales are unlikely to be affected. Pakistan's largest bunker supplier expands services Faisal Marine Oil Services (Pvt) Ltd, the biggest supplier of bunkers in Pakistan, is expanding its product line and services. PTP plans to attract more shipping lines With its second-phase of development on schedule, Malaysia's Tanjung Pelepas Port (PTP) hopes to attract more shipping lines with its huge industrial park.