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Shipping News

High-tech system to guard regional waters mooted
HIGH-tech sonar arrays laid on the seabed across the Malacca Strait or around Singapore's port and other maritime installations would help provide added security against maritime piracy and terrorist attacks according to naval defence experts.
Haji-Ioannou's no-frills cruise set to sail
AFTER undergoing six months of extensive refurbishment at Keppel Shipyard in Singapore, Greek entrepreneur Stelios Haji-Ioannou's latest venture, easyCruise, is set to sail the French and Italian Rivieras.
NYK to install high-power searchlights to fight piracy, terrorism
JAPANESE shipping company Nippon Yusen Kaisha will install specially developed powerful searchlights on its vessels in an effort to combat piracy and possible acts of terrorism.

Strait Talk

EU bent on new pollution law
IT is quite an achievement to galvanise the shipowners, the seafarer unions and even the salvors into action to oppose something, but that is what the European Union has done with its ill-judged plans to make negligent or accidental oil pollution from ships a criminal offence.

web site

Shipping News

High-tech system to guard regional waters mooted
HIGH-tech sonar arrays laid on the seabed across the Malacca Strait or around Singapore's port and other maritime installations would help provide added security against maritime piracy and terrorist attacks according to naval defence experts.
Haji-Ioannou's no-frills cruise set to sail
AFTER undergoing six months of extensive refurbishment at Keppel Shipyard in Singapore, Greek entrepreneur Stelios Haji-Ioannou's latest venture, easyCruise, is set to sail the French and Italian Rivieras.
NYK to install high-power searchlights to fight piracy, terrorism
JAPANESE shipping company Nippon Yusen Kaisha will install specially developed powerful searchlights on its vessels in an effort to combat piracy and possible acts of terrorism.

Strait Talk

EU bent on new pollution law
IT is quite an achievement to galvanise the shipowners, the seafarer unions and even the salvors into action to oppose something, but that is what the European Union has done with its ill-judged plans to make negligent or accidental oil pollution from ships a criminal offence.

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Liaoning to spend US$2.41bn on ports, roads Tianjin boosts logistics services TT Club 2004 results exceed targets 4S, IES partnership to target US market Singapore firm signs two newbuildings contracts Indian govt plans to sell 15pc interest in SCI NOL eyes rival shipping company, FT report says Thai Q1 net profit up 34pc Deutsche Post records strong growth in 2004 AA unit to add twice daily flights from St Louis to Little Rock IATA names VP for North America

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Cost estimates, budgetary support for various maritime sector thrusts being worked out IRDA issues new norms for marine hull insurance Prices of dry bulk vessels soar with yards unable to meet newbuilding orders Move to dilute govt's stake in SCI IPBCC suspends Mumbai Area Congestion Charge from April 1 to 30 Fieo hosting Romanian team keen on buying from India General insurance firms lining up to provide risk cover to ports Air Deccan's Mumbai-Nashik service takes off NFTP put off by a week to study trade inputs'Kamal Nath Comprehensive package to promote SSI & ARI sectors on anvil'Minister Forex reserves shoot up by $ 1.7 bn ECGC signs MoU with Commerce Ministry Paradigm shift in exporters' markets seen RBI's annual credit policy statement on April 28 Fruit, vegetable export potential still barely tapped'Exim Bank study EEPC signs MoU with China chamber Fieo seeks introduction of zero duty EPCG scheme 'In principle' nod for SEZ in Noida

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MARCH 29, 2005
CSA raises bunker surcharge again High fuel prices have prompted cargo shipping lines plying routes from the United States to the Caribbean to increase their bunker surcharge for the second time this year. Rotterdam market stable at Midday Three collisions under foggy conditions in Hong Kong waters A spate of collisions yesterday morning in Hong Kong waters happened when foggy weather conditions reduced visibility. Several ships held for oily water separator deficiencies The US authorities have detained a total of 31 ships in January and February for failing port state control inspections several of which relate to oil and oil waste. Crude prices decline as supply concerns subside Supply concerns no longer seem to be weighing heavily on the market. 11 more Singapore bunker suppliers accredited 11 more Singapore bunker suppliers were accredited under the MPA's accreditation scheme, bringing the total number of accredited suppliers to 43.

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MARCH 29, 2005
Cargo Transporters selects Qualcomm trailer-tracking units Qatar and Bahrain consider rail link Schneider Logistics opens new office in Czech Republic Geodis launches Eurofirst: a new European groupage service BAWC/Air France Cargo und KLM Cargo: fuel surcharge to rise Mitsubishi launches "Hatsu Shine" Port of Nantes Saint Nazaire: new deputy director general

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MARCH 29, 2005
Skaugen orders LPG ships Foreign operations boost ICTSI earnings Varun buys tanker, lines up LPG ship Ports in bid to educate EU lawmakers

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MARCH 29, 2005
I.M. Skaugen building LPG carriers in China Lubmarine installs new test engine

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Hueneme port expansion plans spark row over naval base future LOCAL politicians have reacted furiously to proposals by the southern Californian Port of Hueneme to expand into part of the adjacent naval base. Norden sets its sights on top role in tanker pool world BUOYANT Danish shipping group Norden has revealed ambitions to become one of the world's top product tanker pool operators as it warned investors not to expect a repeat of last year's dry bulk bonanza and record profits. Prisoner accused of Gibraltar ferry terror plot SPANISH investigators believe they may have uncovered a terrorist plot to target a ferry operating across the Strait of Gibraltar. New Indonesia quake 'kills 2,000' UP TO 2,000 people may have been killed in Indonesia after an earthquake measuring 8.7 on the Richter Scale struck late on Monday, writes Sandra Speares. Further two Pacific Star VLCCs for Dr Peters GERMAN KG tanker specialist Dr Peters has acquired two further very large crude carriers from the Pacific Star group, Lloyd's List has learnt. The price of the ships was $105m each, which is clearly below the present market level.

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MARCH 29, 2005
Murder probe re-opens Azov wounds INVESTIGATION of the murder of Anatoly Bandura, the former chief executive of Azov Shipping Co of Mariupol, has refocused attention on alleged asset stripping, embezzlement and fraud involving the company's ageing fleet Ezra expansion on course SINGAPORE offshore vessel owner and operator Ezra Holdings has received a clutch of tax incentives that coincide with a major fleet expansion programme Sea Cloud floats off coral THE containership Sea Cloud has now been released from the coral off St Croix's Ruth Cay, and is now in port undergoing an inspection Fire on feeder vessel off India A CONTAINER vessel operating between Colombo in Sri Lanka and Tuticorin in India was extensively damaged by a fire that broke out in the ship's engine room at the weekend Hyundai Metal eyes Shina take-over SHINA Shipbuilding, one of the pioneers of Korean shipbuilding, has become the target for a corporate raid by Hyundai Metal Norden predicts continuing strength DS Norden, the Danish tanker owner, has forecast a strong 2005 after unveiling a 2004 net profit of DK1.58Bn ($264M) Double White for Ceres SCI stake to be sold by government Pan-African link under study Poor maintenance caused grounding Yard workers killed in fierce fire Japanese tanker runs aground

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MARCH 29, 2005
FedEx Freight expands LTL network FedEx trucking unit continues growing with opening of four new service centers, expands a fifth facility to meet increased demand. NYK shines light on pirates BNSF adopts mileage fuel surcharge CSXI hikes fuel charge Profit new i2 goal Pasha begins Hawaii service El Al loss despite cargo gain ICTSI doubles earnings UN wants improved trade transport

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MARCH 29, 2005
Conference carriers still awaiting Australian fate The fate of liner operators' anti-trust immunity in Australia is still unresolved, with the Productivity Commission's (PC)'s final report into Part X of the Trade Practices Act (TPA) still unpublished. Russia transit tariffs running out of track? The era of discriminatory Russian rail-tariffs may be coming to an end, but it will be a measured conclusion, satisfactory to all parties, the director-general of NeoKont has suggested. Tentative deal averts Canadian rail strike Second ship collision off Tsing Yi in two months Feeder-vessel fire forces diversion to Colombo Feeders require 'at least two' GA loops at Amsterdam CPT T-37 expands operations at congested Santos Alabama box-terminal plans pass two hurdles MOL launches India/South Asia service in April Canadian ports receive security funding Jindo aims for 10% market share by 2007 Shanghai Waigaoqiao Shipbuiding starts phase II construction NYK installs anti-piracy searchlights on vessels Analysts conservative on APMM Group pre-results guidance

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MARCH 29, 2005
Italian insurers injuncted London court grants permanent prohibition over $20m claim for Frontline tanker collision. Excel charters another Amex-listed Excel Maritime has fixed out its newest acquisition for a year. Genmar gets generous Peter Georgiopoulos does a deal with his bankers to start handing out cash. Alexia M refloated Wijsmuller salvage operation on handysize bulker yields a result. Aaserod hits equity trail The man behind Navigator Gas is tapping UK investors to float his Monitor Oil FPSO project. Record year for Norden Share price wavers as near four fold increase in profit fails to impress investors. Platou brokers cut the cake Peter M Anker is stuffing bonus envelopes with $18m of last year's record commissions. Norden to split stock Danish shipowner aims to gain pocket money status for its costly $556 per share stock. IM Skaugen inks LPG ships Norwegian owner teams with Shanghai yard for two tankers aimed at China's coastal trades. Prime's Puma held Products tanker stopped by authorities in US Virgin Islands over oily water separator irregularities.

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MARCH 29, 2005
NYK adopts searchlights to deter pirates, terrorists UAL Corp. reports $179 million February operating loss FedEx Freight launches four service centers TIACA to hold meeting, conference in Istanbul Boeing delivers first two 777 airplanes to Emirates CN, Norfolk Southern announce routing protocol agreement U.S. farm groups want Congress to fix Cuba export rule dispute L-3 names executives in U.S., Europe CLARIFICATION: CBP transitions following Fleming reassignment Dubai begins CSI exams

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MARCH 29, 2005
Remarkable growth in the Belgian fleet The Belgian-flagged fleet has taken a gigantic step, from 116th place to 42nd, in the flag state ranking in ... Aker Yards eyes Lloyd Werft Aker Yards and Fincantieri are currently involved in talks with Lloyd Werft in Germany with the view to take a ... "Rider" and "Runner" back in traffic The railway ferries "Rider" and "Runner" is back in traffic after an a couple of weeks long conflict between their ...