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Shipping News

Dry bulk market proves resilient, says Galbraith
A NEW report has underlined the uncertainties facing the owners of dry bulk carriers over the next few years but the current market is proving more robust than many had expected.
India denies ban on Chinese firms in port biddings
INDIA has no blanket restriction on Chinese companies bidding for port projects in the country, a maritime official said, following the failure of bids by Hong Kong's Hutchison Whampoa Ltd.
Sunken tanker found in upright position: Philippine coast guard
A remote-operated probe yesterday found a sunken tanker in an upright position with little sign that it is continuing to leak oil that has tainted coastlines in the central Philippines, coast guard officials said.
Evergreen Marine posts loss of NT$1.16b in Q2
Daewoo gets 1.2t won rig order from Chevron unit

Admiralty Casebook

Removal of sunken ship a maritime contract
A CONTRACT to remove a sunken vessel is a maritime contract, a US appeals court ruled recently, rejecting an argument that it was not of a maritime nature because it was an agreement involving a 'dead ship'.

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Shipping News

Dry bulk market proves resilient, says Galbraith
A NEW report has underlined the uncertainties facing the owners of dry bulk carriers over the next few years but the current market is proving more robust than many had expected.
India denies ban on Chinese firms in port biddings
INDIA has no blanket restriction on Chinese companies bidding for port projects in the country, a maritime official said, following the failure of bids by Hong Kong's Hutchison Whampoa Ltd.
Sunken tanker found in upright position: Philippine coast guard
A remote-operated probe yesterday found a sunken tanker in an upright position with little sign that it is continuing to leak oil that has tainted coastlines in the central Philippines, coast guard officials said.
Evergreen Marine posts loss of NT$1.16b in Q2
Daewoo gets 1.2t won rig order from Chevron unit

Admiralty Casebook

Removal of sunken ship a maritime contract
A CONTRACT to remove a sunken vessel is a maritime contract, a US appeals court ruled recently, rejecting an argument that it was not of a maritime nature because it was an agreement involving a 'dead ship'.

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Dalian Port profit up 55pc in first half Two new services begin calling at Chiwan HK logistics firm to handle sailing needs of Olympic participants First half profit fall for Sinotrans Russian port executives head to Manila for training exercise NWA Cargo to offer four more weekly frequencies to China Dragonair job losses likely, Cathay says Delta Air Lines posts net income of US$69m for July

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STC floats 5th tender for wheat Bidding process budges again with fresh extended deadlines Vizag Port betters own discharge record of CC steel pipes SP group making foray into port development Railways places bulk of wagon orders with 6 private players Duty-free shops to dot SEZs soon Dholera may well be the first SER in the country! Kamal Nath stresses role of SMEs in trade with Germany Handloom rebate scheme back

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AUGUST 31, 2006
Lufthansa Cargo appoints new regional director sales and marketing Hapag-Lloyd starts South Africa service in October Royal Jordanian Cargo shouldering reservations and sales again K+N opening war chest Sinotrans acquires Shandong Lishen in China International air cargo forum, 12-14 September, Calgary

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AUGUST 31, 2006
Siba Ships sets up in Singapore ABS classes first CGLC conversion LR signs up Unicom for HI programme Former Odfjell boss to head up Frontline

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AUGUST 31, 2006
Davie back on the block Teekay to launch offer for Petrojarl Royal Caribbean to buy Spain's Pullmantur Management changes at Maersk Line Limited

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AUGUST 31, 2006
Coast Guard cutter captain temporarily relieved of command Trade between NAFTA partners increases during month of June Port of Bellingham rewards four lucky fairgoers with airfare Washington State Ferries cleaning up Eagle Harbor property Coast Guard, Ecology investigate oil sheen near Edmonds Ferry Terminal

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Pullmantur deal fuels RCCL's drive into Europe CRUISE lines' drive into the European market continues with Royal Caribbean's move to buy Spain's largest cruise and tour operator in a deal worth '700m ($818m). NCL stays tight-lipped over takeover speculation NORWEGIAN Cruise Line yesterday refused to comment on market rumours suggesting that a potential sale of the Miami company to MSC Cruises was being negotiated "behind closed doors" by parent Star Cruises. US cruise growth hits slow patch in 2005 GROWTH in the US cruise industry slowed last year on the back of fewer newbuildings and weather conditions, according to the latest economic impact study by the International Council of Cruise Lines, writes Sandra Speares. New project may see tankers carrying gas A UNIQUE solution for carrying liquefied gas has been developed by independent start-up SeaOne Maritime, which will convert three 150,000 dwt suezmax oil tankers into "compressed gas liquid carriers", writes Hugh O'Mahony.

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AUGUST 31, 2006
Royal Caribbean takes Pullmantur MIAMI 31 August ' Royal Caribbean Cruises (RCCL) has dramatically expanded its European presence through the acquisition of Spanish operator Pullmantur, for euro700M ($898M). Tropical cyclones punish ports TWO tropical cyclones continue to threaten North America with a re-strengthening Ernesto targeting North Carolina while a slightly weaker John heads for Cabo San Lucas Russian tanker still held by Guinea "piracy" DETENTION of a Russian tanker and its 19-man crew at the port of Conakry, on the Guinean Republic's Atlantic coast, is continuing without sign of release Qasim gets nod for LNG terminal PAKISTAN'S petroleum ministry has received approval to establish a multi-million-dollar LNG terminal at port Qasim Zubair still closed after fatal crash THE Iraqi port of Al Zubair remains closed after a collision between two cargo ships this week left one seafarer dead, according to local news sources Alianca strengthens cabotage service ALIANCA, the Brazilian subsidiary of Hamburg-S'd, this week launches its upgraded East Coast South America coastal and Brazilian cabotage service in Brazil, BR-Maritima DryShips plunges on lower rates Europe must compete for LNG Frontline's Spieler over-stressed Louis expands cruise fleet New fast ferries slow to materialise Beat piracy with new interactive map

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AUGUST 31, 2006
Tropical storm heading for Carolinas Tropical Storm Ernesto, with sustained winds of 70 mph, is expected to come ashore along the North and South Carolina coasts. California Assembly passes container fee bill Evergreen posts Q1 loss Pilots ratify UPS deal FedEx adds China flights Export ABCs: Chambers of Commerce Clarkson profit dives Maersk restructures senior management of military logistics unit Gain for Fraser cargo Cargo spurs Air France-KLM profit in Q1 Ford signs WWL for Jax cars

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AUGUST 31, 2006
Pyeongtaek to add three more berths South Korea's Ministry of Maritime Affairs and Fisheries has announced that the construction of three new 30,000DWT container berths at the port of Pyeongtaek will start tomorrow. Evergreen: Another casualty of high costs and falling rates Taiwan's Evergreen Marine has seen its H1 net profit dragged down from last year's NT$6.16bn (US$187m) to NT$58.6m (US$1.78m) by higher costs and falling rates. Yangtze experiences abnormal drought in tide season Eurosal aims to build on its USEC rate success Hapag plumps for slot charter on new Africa string Malta gets super post-panamax crane lift

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AUGUST 31, 2006
DFDS wins key boycott case Danish owner set to sue Swedish union for damages after Copenhagen court rules action was illegal. 'Godspeed' to chief engineer "The court wishes you well in your travels home," says a US federal judge despite prosecutors' calls for prison time. Neorion crashes Speculation grows over EasyCruise orders after Greek yard sees last year's EUR 800m profit reduced to a EUR 70,000 loss. Excel fixes panamax New York-listed Excel Maritime Carriers has won a $28,000 per day one-year charter for a panamax bulker. CSE fighting to survive Canadian shipbuilder under bankruptcy protection after underestimating cost of building short-sea ships for Carisbrooke at Port Weller. Eagle files shelf Sophocles Zoullas-led Eagle Bulk Shipping -- plus its equity sponsor -- has pre-registered up to to $300m in shares or bonds. NYK bids to raise $470m Merrill Lynch preparing convertible bond issue to generate fresh funds for newbuildings. Otapan fiasco heats up War of words builds to a crescendo as Turkey claims the Netherlands is obliged to recall chemical tanker but reports of an agreement are incorrect. RCCL lands Pullmantur US cruiseship giant to spend $900m on Spanish operator's five vessels - and its debts. Varna parent struggles again Bulgarian shipyard owner IHB watches profit drain away in first half. New Frontline boss Bjorn Sjaastad has been appointed as managing director of Oslo based Frontline Management. Taiwan Nav loses 19% Poor first quarter drags down result for half-year despite recent gains. Rensen orders hulls Dutch shipbuilder using MNP Group yard in Russia for another two ship hulls. Evergreen off colour Taiwanese boxship owner sees red as higher fuel costs and lower demand lead to second-quarter loss. No thank you Wilson confirms Nesheim-led offer for company rejected. Braemar heads to Brazil UK shipbroker forms new joint venture with Gilson Molinari's Thalassini shop to capitalise on growth potential. Cruise passengers sick Twenty people admitted to hospital and another 80 taken ill in suspected food poisoning case. Kazakhs eye new yard National tanker owner Kazmortransflot wants to build new facility in Mangistau. Hapag opts for slots German owner to take space on MSC ships instead of own vessels for South African service. Hamworthy seals more LNG deals UK marine equipment firm to supply reliquefaction plants to QatarGasIII gas carriers building at Hyundai.

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AUGUST 31, 2006
Maersk Line Ltd. restructures management team ANL to open Tasmania office OOCL opens Belfast office Eimskip to move Gothenburg office to Helsingborg U.S., Kuwait ink open skies pact FedEx, Northwest win approval for cargo flights to China IATA: Industry expectations improve despite Middle East conflict Delta posts net income of $69 million in July 45-foot containers may have future in Europe U.S. Xpress invests in regional carrier DHL extends Sainsbury's U.K. fashion warehousing contract NYK Logistics (Scandinavia) opens DC for region in Gothenburg, Sweden Sutherland joins New Jersey 3PL Florida ports up and operating Industrial Terminals adding heavy-lift berth in Houston Wallenius Wilhelmsen signs Jacksonville deal with Ford Vignuli named operations director in Wilmington, Del.

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AUGUST 31, 2006
TTS/Umoe Schat-Harding deal is off A deal in which TTS Marine should buy Umoe Schat-Harding from Umoe Industri is off because Umoe Industri does ... RCCL buys Spanish Pullmantur Royal Cainnean Cruises (RCCL) pays a total of EUR 700 million for Spanish operator Pullmantur, Spain's largest cruise ship operator ... Initiative on free green technology exchange Det Norske Vertas, Wilh. Wilhelmsen (WW) with Pacific Gas and Electric Company ' a US utility company ' have established Global Leadership ...

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AUGUST 31, 2006
Florida bunkering resumes, North Carolina shut down Ernesto continuing to disrupt operations but suppliers quickly returning to business. Cold ironing working group to be formed California inviting participation in new forum on ship emissions solutions. Evergreen results caught in fuel cost pinch Taiwanese shipowner posting first quarterly loss in three years. Marine lube buyers braced for double price rise With product and packaging prices set to rise again during September and October, lube buyers are urged to look at price rises in the context of broader economic growth. Rotterdam market stable Thursday morning Singapore: Residual fuel stocks drop to six-week low Onshore stocks of middle distillates inched up slightly in the week ended August 30. Vessel leaks an estimated 1,300 mt of bunker fuel Area polluted by oil spill is smaller than previously expected, scientists say. Kuwait to export low-sulphur fuel into East Asia A portion of LSFO exports could be used for bunkering demand in the East Asian region.