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Shipping News

Global shippers applaud EU's banning of liner conferences
GLOBAL shippers have applauded last week's announcement by the European Union that it is withdrawing the anti-trust exemptions for the liner shipping industry, hailing the decision as a boon for transport stakeholders and consumers alike.
MISC unit eyes partnership with local shipyards
MALAYSIA Marine and Heavy Engineering Sdn Bhd , a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry.
Suez units, French firm to dismantle French naval frigate
TWO Suez subsidiaries and another French company will dismantle a 64-year-old French warship in a deal announced on Monday that they hope will lay the groundwork for a new European shipbreaking industry.
Persian Gulf tanker rates hit 8-week low 04/10/06

Strait Talk

Life after the conferences
THE timing of last week's decision by the EU's Competitiveness Council to ban liner conferences from October 2008 took the industry slightly by surprise.

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Shipping News

Global shippers applaud EU's banning of liner conferences
GLOBAL shippers have applauded last week's announcement by the European Union that it is withdrawing the anti-trust exemptions for the liner shipping industry, hailing the decision as a boon for transport stakeholders and consumers alike.
MISC unit eyes partnership with local shipyards
MALAYSIA Marine and Heavy Engineering Sdn Bhd , a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry.
Suez units, French firm to dismantle French naval frigate
TWO Suez subsidiaries and another French company will dismantle a 64-year-old French warship in a deal announced on Monday that they hope will lay the groundwork for a new European shipbreaking industry.
Persian Gulf tanker rates hit 8-week low 04/10/06

Strait Talk

Life after the conferences
THE timing of last week's decision by the EU's Competitiveness Council to ban liner conferences from October 2008 took the industry slightly by surprise.

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MOL launches Singapore Chennai Express service CMA CGM vessel christened in Le Havre GAC Marine Logistics doubles Asian logistics team Vancouver wins eco clearance for 3rd Deltaport berth Value of Fujian's Jan-Aug trade rises 13.69pc ELAA welcomes EC consultative document on liner conference replacement Asian airlines benefiting from softening fuel prices Northwest Airlines issues profit warning Wireless technology upgrades Hactl's security system

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European Car Transport Group appoints new executive director NYK approves acquisition of ro-ro terminals in Belgium Volga-Dnepr delivers Chinese satellite on time Russian Railways to invest more in TSR Wincanton sole logistics services provider for Somerfield Green light for Czech state aid for inland waterway operators

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OCTOBER 3, 2006
P&I man warns on "market gossip" MOL, Cosco in training initiative MOL, Sea Consortium launch new India-Straits service LR keeps Alert! going

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OCTOBER 3, 2006
Maritime measures in FY07 Defense Authorization Act Odyssea Marine acquires AMT OSV fleet Aker Yards starts construction of Viking XPRS Eidesvik orders X-bow

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Maersk on course for takeovers and $30bn investment AP Moller-Maersk is in the throes of a $30bn-plus investment programme which could help to double the share price of the world's largest shipping group by 2010. CMA CGM boss leaves big boxship race to Big Blue CMA CGM chairman Jacques Saadé has denied joining market leader Maersk in the race for larger boxships following the group's recent $1.2bn order for eight 11,400 teu vessels for the Asia-Europe trades, writes Andrew Spurrier in Paris. Crewing agents fear stitch-up over disability court ruling THE Philippines crewing industry is fighting a Supreme Court ruling that Filipino seafarers will be considered 100% disabled after 120 consecutive days of medical treatment, resulting in possible compensation payouts of up to $250,000. Euroseas listing EUROSEAS, the Athens-based owner and operator of drybulk and container vessels, has announced a reverse stock split this week as it plans for a listing on the Nasdaq exchange, writes Nigel Lowry in Athens.

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OCTOBER 3, 2006
Not so SAFE ports A requirement that would have blocked dockers with a felony criminal record from employment in sensitive areas in US ports has been dropped as part of the SAFE Ports debate HHI buys into Chinese steelmaker HHI has moved to secure a stable supply of steel by acquiring a 20% stake in China Qinhuangdao Shouqin Metal Materials Co for won491Bn ($51.9M) US port operator in sale speculation MARINE Terminals Corp may be the third major US terminal operator to be put in play in the past two years and could fetch as much as $2Bn on the open market Hawaiians slam insensitive Celebrity CELEBRITY Cruises is publicly apologising and has agreed to send its marketing staff to "cultural awareness" training after publishing an ad that enraged Hawaiians Indian owners' threat successful Pertamina to acquire six tankers China Cosco raises cash for growth MOL targets China cadets Nicaragua dreams of its own canal Chittagong delays continue

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OCTOBER 3, 2006
Western Canada ports need to 're-brand' As Canada embarks on a sweeping logistics upgrade, the trade urges western gateway ports to "re-brand" themselves and erase perception that region is plagued by congestion, labor problems. DHS to target terminals for cargo search enforcement Cosco sets shares for ships Senate confirms Peters Sea Containers de-listed RCL adds Asia-India service Box jam at Chennai port APL joins Seattle security test Euroseas sets reverse stock split Nehru seeks dredging funds

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OCTOBER 3, 2006
Dutch parliament greenlights Maasvlakte-2 repair package The Dutch parliament is expected to rubber-stamp the second Maasvlakte compromise package next week, after it was accepted by Maasvlakte rapporteurs from all coalition and major opposition parties yesterday. China's MoC bans zero and negative rates International liner operators are not allowed to offer zero or negative freight rates, said China's Ministry of Communications on Saturday. Santos Brasil puts 36.7m shares up for sale South Korea's September trade surplus reaches US$2bn Updated: DFDS and Norfolkline become DFDS Container Line First blocktrain for TCB Barcelona rail venture Nicaragua presents Pacific-Caribbean Canal plan Toll to continue Asian push Fourth Vancouver terminal gets green light Emma Maersk's sister delivered to Maersk Line South Pacific pioneer dies

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OCTOBER 3, 2006
Fesco to buy rail company Russia's Fesco has acquired 50% of shares in compatriot rail company Transgarant and plans to issue stock for the rest. Stuck again An Egyptian bulker in its fourth month at Charleston has been re-arrested over unpaid insurance premia. Maersk's bank: 'Buy Maersk' Danske Bank reckons the weakened share of Maersk -- its main shareholder -- should double in value by 2010. Aboitiz offloads number 19 Philippines ferry group responds to cut-price airline competition by chartering out Superferry 19. Euroseas plots share sale US-listed Greek bulker and boxship player wants more cash for acquisitions. DOF and Solstad part ways Norwegian offshore vessel operators call a halt to their Brazil and Singapore joint ventures. ASL adds five more Singapore shipyard wins deal for tugs and a maintenance ship from European owner. CSG scraps another China Shipping Group continues tonnage clear out as another older tanker is sold for demolition. DFDS deal approved German competition authorities give green light to Danish owner's takeover of Maersk's Norfolk Line. Ivory Coast seeks Koala talks Police want to interview crew of ship embroiled in fatal "toxic slops" dumping case. Norway cancels ship debt Repayment of loans used to promote marine equipment sales to poor countries is written off. MISC seeks collaborators Malaysian shipowner wants its MMHE shipyard to work with other domestic yards on deepwater projects. RCL offloads oldie Thai-based intra-Asian player Regional Container Lines sells feeder ship to Indonesian agent.

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OCTOBER 3, 2006
Sea Containers' shares suspended A.P. Moller-Maersk gives "Emma Maersk" a sister One man's Kia is another man's Benz Asia/Canada carriers to lift rates Samskip switches to single brand China COSCO to issue shares IATA: August air freight up 4.7% Continental's cargo up 9% in September TNT's purchase of Hoau takes another step forward Civil penalty rises to deter inadmissible agriculture items SAIC unveils next-generation VACIS TNT Logistics North America appoints two business development managers Nicaraguan President plans rival waterway to Panama Canal Jacksonville port promotes Massa

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OCTOBER 3, 2006
Norway admits failure of maritime aid Norway's leftist government has finally admitted that the country's ship and maritime export campaign to 21 developing countries in the ... Viking Line plans newbuilding for &Arign;land service Viking Line is planning for a newbuilding to be deployed on the Mariehamn-Kapellskär service in summer 2009. The service ... Tallink shows interest for Swedish domestic service The board of the Swedish National Public Transport Agency has decided on the principles for the tender for the ferry ...