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Shipping News

A bigger, better maritime show set to sail in S'pore
ASIA Pacific Maritime 2006, the biennial international maritime event, returns for its 9th presentation with a better-than-before line-up of cutting-edge maritime products and services encompassing marine engineering and port technology for the Asia Pacific market.
China shipbuilder to raise US$2b for growth
CHINA State Shipbuilding Corp is considering raising capital to help fund some US$2 billion in planned shipyard construction.
K&N's Q4 profit up 30% on new business, takeovers
KUEHNE & Nagel International AG , the world's biggest sea-freight forwarder, said fourth-quarter profit rose 30 per cent as it made acquisitions and won new business by improving service with a new computer system.
Tanker rates to Asia may fall on April demand

Strait Talk

Jones Act mentality taking over US shipping industry?
SO WAS it anti-Arab prejudice or old-fashioned nationalistic protectionism that forced Dubai Ports World to sell its United States operation to a US company? A bit of both probably.

web site

Shipping News

A bigger, better maritime show set to sail in S'pore
ASIA Pacific Maritime 2006, the biennial international maritime event, returns for its 9th presentation with a better-than-before line-up of cutting-edge maritime products and services encompassing marine engineering and port technology for the Asia Pacific market.
China shipbuilder to raise US$2b for growth
CHINA State Shipbuilding Corp is considering raising capital to help fund some US$2 billion in planned shipyard construction.
K&N's Q4 profit up 30% on new business, takeovers
KUEHNE & Nagel International AG , the world's biggest sea-freight forwarder, said fourth-quarter profit rose 30 per cent as it made acquisitions and won new business by improving service with a new computer system.
Tanker rates to Asia may fall on April demand

Strait Talk

Jones Act mentality taking over US shipping industry?
SO WAS it anti-Arab prejudice or old-fashioned nationalistic protectionism that forced Dubai Ports World to sell its United States operation to a US company? A bit of both probably.

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Hanjin Shipping to launch Korea-Indonesia service "K" Line sets 3.4m TEU target in FY2008 under revised mgt plan Liner trade in rude health: HKLSA chairman AADA announces 2006 rate restoration and peak season surcharge schedule Jurong throughput climbs 6.45pc in February Maersk Container Industri to scrap reefer production in Denmark Lanzhou to become railway hub DHL positions itself for Japan growth with new Chubu gateway Cathay cargo volumes grow 18.1pc in February UIA extends ties with Globe Air Cargo IFLN members to meet in Amsterdam

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Hyundai Merchant Marine set to commence direct, weekly service from Nhava Sheva to China New frontiers of cooperation in commerce, industry envisaged ICS to hold two-day seminar in city on March 25-26 Coscon named Asia's 'Best Ocean Carrier' for 5th consecutive year Tolani Maritime Institute signs MoU with NYK Line to offer specialised maritime training Five leading logistics firms forge European alliance safmarine upgrades Safari service Matson offers China-US box service Hanjin to launch Asia-Med service NOL earns profit in 2005 APL beefs up Atlantic services MOL launches 3rd transatlantic string MSC-PSA JV terminal opens at Pasir Panjang Iron ore exporters expect 8 pc higher price in China Shrimp industry meeting calls for value-addition on exports Govt may revise iron content limit for ore exports Pact likely with Russia on nuclear energy use Case made out for more effective anti-dumping duty norms Diesel exports to Bangladesh set to begin DP World appoints Ganesh Raj as Reg. Director, Indian Subcontinent Record discharge rate of HR steel coils set at Kandla Port GAIL (I) may hire Shell's LNG terminal Major Ports corporatisation issue comes to the fore again No freight forwarder will be allowed to transport 2 loaded boxes at a time-NSCOWA Wagons purchase/lease policy to be relaxed Lok Sabha passes Railway Budget CCT sets handling record of 54 moves/hr with single QC Infrastructure cos seek restoration of I-T sops Foreign exchange reserves up by $ 350 million to $ 1,41,590 million Central Sales Tax may be phased out by 2009 Industrial output up by 8 pc in January

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MARCH 14, 2006
AEA appoints new communications chief Cosco interested in Greek hub Finnair steps up China frequencies Trans-Korean to link up with trans-Siberian railroad Record year for Kuehne + Nagel

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MARCH 14, 2006
Master rams pirates TOP Tankers sells and leases back suezmax fleet Tanker charters warning EC investigates Burg takeover bid

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MARCH 14, 2006
ACL and Canal Barge in cooperation agreement Pride International delays filing 10-K GAC opens Houston bunker office TOP Tankers in massive sale and leaseback Pride of Hawaii leaves yard Labroy to build two jackups Management changes at Sembcorp Marine

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Stelios eyes assault on US cruise market STELIOS Haji-Ioannou's easyCruise is poised to start winter cruises out of Miami or Fort Lauderdale, but only if they offer him terms better than the ones he has negotiated on his existing Caribbean itinerary. Security advisor warns of holes in UK terror shield BRITISH Prime Minister Tony Blair's anti-terror watchdog has aired fears that an over stretched UK customs and immigration service is unable to monitor and stop the movement of international terrorists. Heidmar sale to attract huge interest HEIDMAR, the Connecticut shipping group built upon operating a service business through pools and information technology, is up for sale. Eurogate victorious in bid for tender to run JadeWeserPort EUROPE's largest container terminal group, Eurogate, has won the tender for the operation of Germany's future deepsea port JadeWeserPort in Wilhelmshaven, write B'lent Erdogan and Katrin Berkenkopf . Shock defection of Galbraiths quartet to GFI THE turf war between the new breed of freight futures brokers and their traditional broking rivals has cranked up a notch with the defection of a senior team of four dry cargo brokers from Galbraith's to GFI Brokers.

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MARCH 14, 2006
Eurogate secures JadeWeserPort GERMAN container terminal operator Eurogate has been awarded the 40 year operating concession for the planned new JadeWeserPort in Wilhelmshaven, Germany Don't talk to Jas Fisher about cableships JAMES Fisher chairman Tim Harris underlined his relief at quitting the troubled cableship sector today with the words: "we never want to hear a word about cableships again." Foreign owners 'to sell US terminals' FOREIGN owners of port and terminal operations in the US could be forced to sell their interests within five years under a law being introduced to Congress Jamaica woos Greek, German owners DP World's timing is questioned Transpetro opens bid envelopes Hamburg Süd adds Fesco services Careless smoker caused ferry blaze Saga eyes HAL's Prinsendam European river cruiser goes deep-sea Erika trial to open on 30 October Saudis, Egyptians in ferry talks Pan Ocean targets Japan cargo

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MARCH 14, 2006
Zim adds Port of Portland call After watching 2005 volume fall, the Pacific Northwest hub finally signs the new trans-Pacific container service for Terminal 6 it has sought for more than a year. No changes seen for P&O's Fla. ports California eyes more shore-side power D. Post see more U.S. losses Hanjin Shipping adds new Korea -Indonesia service Hyundai to launch direct India-China service Third mad cow case in U.S. BNSF plans Calif. upgrades Hamburg Süd buys Fesco assets India proposes courier curbs

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MARCH 14, 2006
Eurogate lands 2.7 m TEU JadeWeserPort concession Eurogate has won the 40-year concession for the 2.7m TEU deepwater JadeWeserPort terminal planned at Germany's Wilhelmshaven, which the authorities stressed must be onstream by early 2010 at the latest. DP World: We have won the intellectual battle Industry players at the Terminal Operator Conference 2006, which opened in Busan today, rallied round DP World after its decision to divest P&O's US-based ports business, under US political pressure. Efficiency and capacity: solutions to capacity imbalance Further transport consolidation, as Fesco sells cross-trades to Hamburg Sud Indonesia's trade ministry tightening controls to stop re-exporting Mandelson tries to put foot down in dumping debate Commission puts temporary stopper in tank-container deal

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MARCH 14, 2006
Disaster averted Runaway barge slams bridge support in Maryland but traffic jam is worst consequence after engineering inspection. 9,244,300 Evangelos Pistiolis' TOP Tanker trades one-third of its shares on day of sale-leaseback deal, and happy investors push stock from $13.87 to $17. Bouchard 'warned' in Buzzards Bay Massachusetts regulators say New York barge company has been violating tug-escort law three years after spill in environmentally sensitive region. Big Brother eyes DP World Release of internal e-mail puts DP World's takeover of P&O back in the news. Zim focuses on east Med Adriatic calls dropped on Israeli container line's AMP service to Asia and US. CSAV loses appeal Erck Rickmers wins hollow victory in $63m battle over calcium hypochlorite fire damage to containership. Hamburg Sud buys again German line expands with acquisition of a dozen Fesco vessels and cross trade services. Japan detains 26 Port state checks during February blot copybooks of Rehder, First Marine and Fair Shipmanagement. Fighting talk Transpacific lines take on their critics and claim rates will go up, not down, this year. Tsavliris loses ruling Greek salvors fail in latest legal bout arising from the strange salvage of the VLCC Atlas Pride. Todd to overhaul Taku State of Alaska entrusts major upgrade of 43-year-old ferry to US yard. Traders' tricks? Lawyer warns High Court ruling will penalise shipowners in favour of traders when it comes to laytime disputes. BC looks for three more Canadian ferry operator could disappoint domestic yards again, with CAD 350m order overseas. Labroy in rig bid Singaporean shipbuilder rides offshore wave to make its first foray into oil rig construction. Solstad secures newbuild charter Norwegian offshore owner wins eight-year deal for NOK 650m construction services vessel. Malta wins dual contract Dutch barge operator Fairmount to convert two semi-submersibles at Maltese yard. Essar adds another Mumbai-listed Indian owner adds another VLCC in the race to avoid hefty ship-sale tax bill. Fisher desperate to cut cable Write-down of remaining cable layer pushes UK shipping group to 2005 loss, but continuing operations strengthen. Hanjin rejigs Indon service South Korean liner operator is upgrading its links between Korea and Indonesia to weekly. Singapore volumes increase Both state-owned terminal operators see healthy rise in container volumes during February. Chong ups Vita stake Former Links Island founder takes holdings in fledgling Singapore shipowner to almost 11.2%.

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MARCH 14, 2006
TSA: Analyst predictions of depressed ocean rates off the mark Hamburg Sud to buy FESCO's cross-trade assets China Shipping extends transpacific loop to Dubai, India Hanjin changes Busan/Indonesia service UAE's GAC Group opens first U.S. bunker office Star Shipping vessel damaged leaving port of Antwerp Man dies in containership safety drill Ukraine International Airlines extends agency deal with Globe SDDC awards LTL contract to MagRabbit-Stonepath Harris resigns from Pacer board USDA emphasizes American beef safe after third cow with BSE EC to investigate Burg Group takeover Bill would extend Berry Amendment to Homeland Security Eurinpro developing warehouses in Italy Famous Pacific Shipping sets up link with Ceylinco SembCorp U-Freight opens controlled atmosphere warehouse in Shanghai FMC cites 6 OTIs for bond problems Dole opens warehouse at Port of Wilmington

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MARCH 14, 2006
Norwegian ports not secure against terrorism Norwegian ports are not secure against terrorist attacks, according the the Ministry of Fisheries, which are responsible for ports and ... Trade unions prepare for battle on the Finland-Sweden route The Swedish trade union SEKO, the Swedish Merchant Marine Officer's Association, the Swedish Ship Officers' Association, Finnish Seamen's Union, the ... "Erika" trial in France in October French oil major Total, Italian classification society Rina and the shipowner Tevere Shipping among others are to stand trial in ...

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MARCH 14, 2006
ABS warns of global crackdown on oily water separators The American Bureau of Shipping (ABS) recently issued a warning to ship operators regarding a global crackdown on the use of oily water separators and oil record books. New St. Petersburg terminal operational Bunker Holdings confirms new supply operation with an eye to capturing a major market share. Bunker Holdings welcomes new manager Cyprus-based company announces new area sales manager for St. Petersburg. Rotterdam buying interest steady in firming market Shell Marine Products abandons US markets, lubes not affected Marine products arm ceasing bunker supply on US East and West Coasts, lubes and Gulf unaffected. GAC opens new bunker office Shipping agency joins bustling Houston market with a focus on market 'synergies'. Malaysian bunker supplier enters iron ore deal Titan eyes terminal facility in Asia Singapore and Johor listed as the ideal locations for a potential one million m' facility.