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New Orleans port coming back but needs money
THE Port of New Orleans, mauled by Hurricane Katrina last year, is recovering steadily but will need millions of dollars if it has to relocate warehouses and facilities along its badly damaged Industrial Canal.
Hanjin Shipping's Q4 profit slips 44%
HANJIN Shipping Co, South Korea's largest shipping company, had a 44 per cent fall in its fourth- quarter profit because higher fuel costs crimped gains from increased trade.
Hyundai Heavy posts Q4 profit of 69.3b won
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, posted a quarterly profit compared with a loss in the same period a year earlier, as ship prices recovered from a decade low.
40 still missing from Indonesian ferry accident
Lumut woos cruise lines with marina isle

Admiralty Casebook

Explosion, burns due to unexpected oil pressure
AN EXPLOSION severely burnt a welder on a vessel off the Western Australian coast last April because no one onboard realised that a hydraulic pipe that was being cut open with an oxygen-acetylene torch was pressurised with oil, the Australian Transport Safety Bureau has found.

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Shipping News

New Orleans port coming back but needs money
THE Port of New Orleans, mauled by Hurricane Katrina last year, is recovering steadily but will need millions of dollars if it has to relocate warehouses and facilities along its badly damaged Industrial Canal.
Hanjin Shipping's Q4 profit slips 44%
HANJIN Shipping Co, South Korea's largest shipping company, had a 44 per cent fall in its fourth- quarter profit because higher fuel costs crimped gains from increased trade.
Hyundai Heavy posts Q4 profit of 69.3b won
HYUNDAI Heavy Industries Co, the world's largest shipbuilder, posted a quarterly profit compared with a loss in the same period a year earlier, as ship prices recovered from a decade low.
40 still missing from Indonesian ferry accident
Lumut woos cruise lines with marina isle

Admiralty Casebook

Explosion, burns due to unexpected oil pressure
AN EXPLOSION severely burnt a welder on a vessel off the Western Australian coast last April because no one onboard realised that a hydraulic pipe that was being cut open with an oxygen-acetylene torch was pressurised with oil, the Australian Transport Safety Bureau has found.

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Three-day strike brings port, rail operations to virtual standstill in Durban MOL on brink of offering S Africa-Europe loops Savannah surpasses 1m TEU mark in first half of FY Jinxia bonded logistics park to open this summer Guangxi to further develop transportation network New expressway cuts journey times from Fuzhou-Nanchang UPS 2005 net profit increases 16pc MASkargo to host 2008 air cargo forum in KL AFAM awaits Malaysian government's blessing on star-rating scheme

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Vegetable oil traders want duty revision to be in sync with global prices Fieo anticipates favourable court ruling on DEPB issue Pakistan to import 50,000 tonnes of Indian sugar soon Anti-dumping duty on sodium nitrate extended by five years BCC&I seminar brings Mumbai Port, JNP under spotlight Posco makes strong pitch for captive port Mumbai's Ports need to complement & supplement each other All-India Major Ports cultural meet inaugurated Port workers back AAI staff stir Transport Corp. Board approves merger Transport Corp. may try its hand at rail box transportation CONCOR rationalises freight rates on Kolkata-Nepal route Plan panel member sees 3 pc growth in farm sector

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FEBRUARY 2, 2006
New Dragonair Cargo telephone numbers in Frankfurt Safmarine launches a new multi-purpose vessel service KLM to launch scheduled services to Chengdu Rail4Chem granted unlimited access in Belgium DHL Express (Switzerland) complies with Iso norm 14001

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FEBRUARY 2, 2006
Hamburg Süd and CSAV in slot swap MOL starts Europe-South Africa services DNV opens Libya office Safmarine launches US-Angola service

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FEBRUARY 2, 2006
Tanker aground in Cook Inlet TODCO reactivates cold stacked jackup American Club makes medicals mandatory Royal Caribbean reports record earnings "Modest profits" at Manitowoc Marine

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FEBRUARY 2, 2006
Report finds cruise ships keeping Puget Sound clean Port of Vancouver, USA Commissioners Ok settlement of contamination lawsuit Carriers file with FMC for new slot-swap agreement Port of Vancouver, BC releases 2005 numbers Greenbrier Management Services completes SAS 70 evaluation

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Bumper profits for Shell as global oil costs soar HIGH oil prices and strong liquefied natural gas production boosted Royal Dutch Shell's profits to record highs in 2005, but capital expenditure continues to climb. Inspectors ready to quiz Grot-Rowecki crew INSPECTORS from International Registries Inc, the maritime and corporate administrator for the Marshall Islands flag, will interview the crew of the Polish Steamship bulker General Grot-Rowecki when the Maltese-flagged ship arrives in Poland, writes Andrew Spurrier in Paris . High hopes of agreement as teams prepare for labour talks SHIPOWNER representatives are optimistic that next week's consolidated maritime convention talks at the International Labour Organisation will reach a workable settlement. 61 km-long pollution slick gets record fine A FRENCH prosecutor has called for the imposition of a record €600,000 ($725,000) fine on the master and owner of the German KG company-owned Maersk Barcelona, for creating what has been claimed to be one of the biggest marine pollution slicks so far seen off the French Atlantic coast.

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FEBRUARY 2, 2006
American Club med exams mandatory THE American P&I Club will make its Pre-Employment Medical Examinations mandatory for seafarers from the Ukraine and the Philippines on 20 February RCCL settles with Alstom ROYAL Caribbean Cruises (RCCL) has substantially cut 4Q losses, posted record earnings for 2005, and hammered out a settlement in its pod lawsuit against Alstom Tallink aims at European empire TALLINK Grupp, the rapidly expanding Estonian ferry company, plans to build on its Baltic acheivements to "dominate in the ferry business in the entire Northern Europe." Ecodock to become American-Dutch Nine up for Gold Coast terminal Kiel Canal open after collision Pollution feared after Ece sinking Drug tests required for Filipino seafarers SNCM white knight wants more cash Port La Nouvelle blocks bird flu US retailers caution on '06 peak Sohmen-Pao to sit on MPA board BFI dip hits Hanjin profits

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FEBRUARY 2, 2006
U.S. trade, transport on collision course Potential disaster looming as U.S. goods movement infrastructure struggles to handle the growth of international trade and avoid costly delays. U.S., South Korea plan trade talks California eyes green bonds for transport fixes No jams for U.S. ports: Survey Start-up costs hit Matson earnings United Airlines exits bankruptcy Canada will arm border guards Baltimore hosts its largest box ship Increase for CSX fuel fee CSAV joins INTTRA

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FEBRUARY 2, 2006
Portland close to winning two new services, after 2005 slump The Port of Portland is close to winning two new services in 2006, following the 41.56% year-on-year slump in container-traffic recorded in 2005, ci-online can reveal. Vancouver box terminal construction delayed Construction of a 400,000TEU container terminal at the Port of Vancouver has been delayed by about one year due to an extended environmental review. Singapore minister offers help for India's special economic zones Hapag-Lloyd to leave TACA Good start for China ports in the year of the dog Mediterranean growth sees launch of CHKY alliance service Terminals back carrier calls for Jakarta to scrap VAT CSCL to purchase US$300m containers to cope with fleet expansion Tacoma cites transport and logistics support in 15% growth success Rising costs hit Hanjin's profits

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FEBRUARY 2, 2006
Freddie strikes again Tanker king pays out $252m for en bloc buy of nine OBOs from his friends at General Maritime. Ten gallon panic Share prices of both Tesoro and Seacor dropped after a US-flag products tanker grounded in Alaska and spilled less than 40 liters of product. Top Tankers in spill spotlight The Estonian government is investigating a suezmax after an ugly 20-tonne coastal oil spill. Boycott for Danish shipping? Muslims indignant at a series of sacrilegious political cartoons are now discussing bigger targets than Havarti cheese. Sea Corp wins north-west business Fremantle company takes over from Patrick Corp on run to Darwin. Volga-Baltic plots IPO Russian owner of Volgaflot and North-Western Shipping eyes offering in 2007. Hyundai Mipo grows again Korean shipbuilder announces jump in 2005 profit as production capacity increases. Another record for RCCL Cruise line narrows fourth-quarter losses to post hefty profit of $715m for 2005. Good times, for now Hyundai Heavy turns in a fivefold increase in profits for 2005 but recent drop in orders remains a worry. Jung jacks it in Daewoo Shipbuilding chief to step down six months before the end of his term. DVB wins plaudits from Moody's Transport focus and renewed pledge by majority owner sees improved ratings for Dagfinn Lunde's bank. New Zealand gets tough on ferries Maritime authorities prosecute former Strait Shipping and Toll Shipping masters over separate near misses. Icebreakers rake in rubles Murmansk Shipping's managed fleet provided useful boost to Russia's federal budget last year. Taiheiyo slumps Japanese tanker and bulker owner turns to loss in nine months to 31 December. Hanjin haemorrhages Profits down 25% at Korean shipowner on high oil prices, weak dollar and falling freight rates. Koreans team up for LNG STX Pan Ocean, HMM, Korea Line and Kogas establish shipping and trading joint venture. Costs hurt Matson Increase in operating expenses cuts profits at US-to-Hawaii container line in fourth quarter.

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FEBRUARY 2, 2006
Analyst says TEU growth will be more than double world GDP Hanjin's net income down 25% in 2005 MOL takes over P&O Nedlloyd's Europe/South Africa operations A&B's 4th-quarter net income up 25% CSAV, Hamburg Sud to swap slots in U.S./South America east coasts NYK to charter Baltimore/Chile ro/ro slots from CSAV Cobelfret Group buys Dart Line INTTRA adds CSAV as its 21st member MSC vessel largest containership to call Baltimore Boeing Co. profits soar 147% in 4th-quarter UAL Corp. emerges from Chapter 11 U.S. nominates Voss as ICAO chief Schneider National revenue tops $3.5 billion EU cautious about Byrd amendment's repeal Mexico begins imports of bone-in U.S. beef Sandler, Travis & Rosenberg expands to Asia John S. Conner teaming with 5-K Logistics SEKO names new import director NRF, Global Insight say expect the unexpected at ports Port of Tacoma passes 2 million TEUs landmark Port of Houston Authority posts record box volume, tonnage, revenue Northwest Marine Terminal Association names officers

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FEBRUARY 2, 2006
Collision in the Kiel Canal The Finnish ro-ro vessel "Estraden" collided with the German, Isle of Man-flagged product tanker "Wolgastern" early this morning ... New facts on "Jan Heweliuz" in Polish court Facts that could have been of importance for the loss of the ferry "Jan Heweliusz" 13 years, but never were ... Assens Skibsværft sold Assens Skibsværft will not close down after all. On Thursday, the yard was sold to the newly formed company E ...

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FEBRUARY 2, 2006
Oil tanker loose in Alaska Tanker runs aground after being struck by ice floe, but oil spill minimal so far. Marine sales lift Shell revenue Oil major posting record profit, despite hurricane disruption and declining product sales volumes. Fuel savings help boost Royal Caribbean earnings Royal Caribbean Cruise Lines reported a smaller than expected Q4 loss, citing multiple factors including fuel savings. Firm exits bunker business as broker retires Broker and general manager retires after 47 years in the bunker business. Aircraft detects oil spill from sunken tanker Reports indicate that there is some oil pollution from the sunken vessel Ece. EMSA looks for more oil spill response vessels Bunker barges employed under EMSA's first tenders, and the agency is now looking for more vessels. MAN B&W Diesel presents new dual fuel engine series The MAN B&W Diesel Group is launching a new engine that not only burns both gas and marine diesel oil, but can also run long-term on pure heavy fuel oil. Staff changes at owner's bunker department Rotterdam: Prompt stems command lower prices Singapore: Stocks of residual fuels at 19-month high Firm prices sap demand in Japanese market As Japan's bunker fuel prices firmed, its bunker demand is expected to be depleted by competitive prices offered in South Korean and Chinese ports. Japan: December bunker sales up 4.6% on year Japan's bunker fuel sales to ocean-going vessels up on year but down on month.