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PSA begins building new berths at Pasir Panjang Terminal
PSA Corporation began work on three new container berths at its Pasir Panjang Terminal last week, as Singapore's largest container handler continued to forge ahead with its accelerated expansion in order to keep up with surging global container demand.
Emirates line in China-ME box service
CONTAINER carrier newcomer Emirates Shipping Line will launch a new service linking China, South-east Asia and India to the Middle East from next month.
NOL's Sept container revenue drops 10%
NEPTUNE Orient Lines Ltd , which operates Asia's fourth-largest container shipping company, had a drop in its September average revenue, a seventh straight month of decline, as more ships started service.
TUI shares up amid break-up reports
Sea Containers files for Chapter 11
In the calm after the storm

Port Shots

Port Shots
MITSUI OSK Lines Ltd said yesterday it was ordering four very large gas carriers from Mitsubishi Heavy Industries Ltd and Kawasaki Shipbuilding Corp.

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Shipping News

PSA begins building new berths at Pasir Panjang Terminal
PSA Corporation began work on three new container berths at its Pasir Panjang Terminal last week, as Singapore's largest container handler continued to forge ahead with its accelerated expansion in order to keep up with surging global container demand.
Emirates line in China-ME box service
CONTAINER carrier newcomer Emirates Shipping Line will launch a new service linking China, South-east Asia and India to the Middle East from next month.
NOL's Sept container revenue drops 10%
NEPTUNE Orient Lines Ltd , which operates Asia's fourth-largest container shipping company, had a drop in its September average revenue, a seventh straight month of decline, as more ships started service.
TUI shares up amid break-up reports
Sea Containers files for Chapter 11
In the calm after the storm

Port Shots

Port Shots
MITSUI OSK Lines Ltd said yesterday it was ordering four very large gas carriers from Mitsubishi Heavy Industries Ltd and Kawasaki Shipbuilding Corp.

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Emirates unveils Hyper Galex service Port of Tacoma chiefs join Asian trade mission Schenker in Philippines expansion Hamburg Sud to make Trident upgrade Singapore box throughput slips in September from August YICT welcomes the world's largest container vessel Oasis chooses Cargolux as cargo agent Northwest strikes accord with mechanics DHL launches new logistics centre in Shanghai

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Chipolbrok unravels plans to boost business in India DCI plans to charter 10-12 dredgers, contract personnel We can provide better ships, better services & better opportunities, say Chipolbrok Directors Maersk Logistics to ship cars in FEUs! K Line, Gemartrans revamp N. Vietnam service Rickmers-Linie ships MAN Ferrostaal heavy lift cargoes to Oman PSA set to boost Tianjin capacity Shanghai Port's volume reaches record high OOIL to sell N. America terminals Choking haze prompts warnings to ships sailing Asia's waterways DCT Gdansk hosts 'The End of the Pier Show' Asia-Europe freight rates rebounding Safmarine Meru to enter service APM Terminals opens new facility in Zeebrugge Polski Rejestr Statk'w granted EU recognition Maersk Line adds EC South America service Georgia Ports Authority offers extensive facilities for Indo-US trade boost New record in thermal coal loading established at Vizag Port On horizon: Jaigad port in Ratnagiri Change with the times to survive challenges ahead, ports, shipping sectors advised MFs experienced outflow of Rs 23,542 cr. in Sept. 2006 Rehabilitation, state's top priority in SEZs CONCOR entering apple retailing

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OCTOBER 16, 2006
Shipbuilding boom, engine making bonanza Strong volume growth for St Lawrence SW MOL's Singapore-Shanghai shuttle New Intermanager president Siba Ships' Singapore start Rina updates yacht rules

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OCTOBER 16, 2006
New OSHA shipyard fire safety rule Barge building goes under cover Moran orders six more tugs Sea Containers files for Chapter 11

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OCTOBER 16, 2006
Horizon Lines still working following earthquake in Hawaii Greenbrier teams with GIMSA for rail car operation in Mexico Sea Containers Ltd. files Chapter 11 bankruptcy Port of Portland names Imeson new director of public affairs Hamburg Sud to upgrade Trident Service vessels

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Sea Containers fights to stay in business CONTAINER leasing, ferry and train operating activities of crisis-ridden Sea Containers will be unaffected by the group's weekend decision to shield itself from creditors through a US bankruptcy court order. TOP out to rebuild tanker fleet says Pistiolis NASDAQ listed suezmax and product tanker operator TOP Tankers has begun talks with shipbuilders, even as it continues shedding tonnage from its existing owned fleet, writes Nigel Lowry in Athens. Stoltenberg and Blair open Langeled gas pipeline BRITISH and Norwegian leaders have officially opened the Langeled pipeline which will bring more Norwegian gas to the UK and help stabilise gas markets in the long term, writes Martyn Wingrove. Insurance and crew bills account for further rise in ship operating costs SHIP operating costs have continued their inexorable rise, albeit at a more modest pace, according to the latest report by leading shipping accountant Moore Stephens. MCA advertises for 'inspiring' chief executive BRITAIN'S Maritime and Coastguard Agency is seeking a new chief executive, just months after the sudden departure of Captain Stephen Bligh earlier this year.

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OCTOBER 16, 2006
CMN makes last ditch tender plea FRENCH ferry operator CMN has asked a court in Bastia, Corsica, to cancel the tender procedure because it believes the company has been discriminated against Iran to fund shipbuilding expansion IRANIAN politicians are pushing for an investment fund to promote the country's shipbuilding industry ConocoPhillips pays Puget spill fine CONOCOPhillips and its subsidiary Polar Tankers have agreed to pay a $540,000 fine related to a 13 October 2004 oil spill in Puget Sound, Washington state Detained bulker Edco goes home Ottawa tells CWB to end campaigning Singapore to review manpower needs Sea Containers files for Chapter 11 London launch for mediation service

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OCTOBER 16, 2006
TUI AG seeks white knight: report The parent of Hapag-Lloyd reportedly is seeking new investors to help fend off a possible hostile takeover. Bulk ships collide on Mississippi River Quake fails to rattle ports, carriers Emirates Shipping arrives in Tampa CN Rail crews get new pact Polar Tankers to pay $2.8 million for spill DHL, Polar form partnership Hamburg S'd to upgrade Trident service NOL revenues still sliding Sea Containers files for Chapter 11 WTO expected to approve Vietnam's entry next month Container volume rises in Hong Kong SSA joins venture to build Vietnamese port Cargo volume jumps at Frankfurt airport

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OCTOBER 16, 2006
HMM to issue shares to fund takeover Hyundai Merchant Marine has announced a share-issue to raise KRW300bn (US$316.5m), to buy out a Hyundai company which holds 10% of HMM, and whose creditors are planning to sell out. Hong Kong: Can halving river entry fees lure PRD cargo? Chittagong Port navigation still restricted Santos Brasil's shares float higher in first day's trading Gwadar Port re-tender will open the door for GTO competition UK railcos continue calculating after 'disappointment' of aid scheme confirmed APM Terminals on verge of signing Bahrain deal Honolulu customer reports 'minimal impacts' from earthquake COSCO's grant plan in Greece halted by EU antitrust regulations HPH's Oman terminal completes Phase I

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OCTOBER 16, 2006
Panamax meets panamax Traffic is not impeded on the Mississippi after a Goulandris Brothers bulker allided with the anchored Torm Anholt. Outperform for Diana Wachovia is initiating analyst coverage on Diana Shipping with an outperform thanks to its charter exposure. Philly cuts steel Kjell Inge Rokke's Aker Philadelphia Shipyard has cut steel for a fourth Jones Act products tanker. TEN locks in $16m Another profit-splitting charter on an ice-classed newbuilding guarantees $16m in revenues. Cylinder failure grounded Ayu US investigation concludes IMC bulker grounded in 2004 because of engine problems, resulting in deaths of six crew after rescue helicopter crashed. PNSC puts finance in place Pakistan's national carrier has secured loan to buy two aframax tankers and a panamax bulker. Qatar Nav down 17% Profits for Doha-based owner drop ahead of $100m feedership order. I'm not bailing, says Panagopoulos Attica chairman says claims he has sold his 40% stake in ferry operator 'totally unfounded'. Edco free to go Beleaguered Egyptian bulker sails from Charleston after roumoured sale to Greek owner. Silja swells Tallink numbers Estonian ferry operator's annual passenger figures increased by acquisition of Finnish line in June. Sea Containers seeks protection Ferry group files for Chapter XI bankruptcy cover after missing $115m bullet payment. Mackenzie optimistic Sea Containers chief says Chapter XI move made to fend off individual actions from creditors, and restructuring within reach. TUI looks for help German tourism giant wants regional government to become investor to avoid sale of boxship arm Hapag-Lloyd. Record fine from French court Egyptian captain and compatriot operator fined EUR 500,000 for oil slick from ro-ro spotted off Brittany in May. Siba makes Brave move Italian owner launches Singapore office with two handymaxes bought from the Vafias family. HMM in share sale Hyundai Merchant Marine to sell KRW 300bn of new shares in latest nod towards purchase of compatriot construction company. Davie deal goes through Teco of Norway completes purchase of Canadian yard, ending weeks of uncertainty about its bid. Ship sinks in Black Sea Three dead and seven rescued as Comoros-flagged bulker 'Magic' sinks off the Turkish coast. MOL ties up seven VLGCs Japanese owner expanding presence in LPG market in a big way with newbuilding and charter deals. TTA confirms bulker buy Chinese open-hatch handymax Beautiful Queen (built 2002) goes to Thai owner for $37m. Second ferry for Papua? Fresh from charter of Philippines ro-ro, PNG-based Peninsula Shipping Lines mulls bringing in another vessel. PSA sees volumes rise Singapore's dominant container terminal operator has just reported a 6.4% year-on-year increase.

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OCTOBER 16, 2006
Crowley makes U.S./Virgin Islands peak-season service fixed-day weekly ConocoPhillips fined $540,000 for spill Sea Containers files for Chapter 11 DHL to pay $150 million for 49% of Polar Air Air China, Africa West Airlines select Globe Air Cargo Freightliner starts Felixstowe/Widnes rail service McQuillan joins Optimization Alternatives UN approves inspections for all cargo shipped to North Korea Overseas buyers check out U.S. meat processing plants German plastic pallet maker pushes into North America Two more officials leave DHS Famous Pacific starts Europe/Africa service BDP plans hub in Eastern Europe Bush signs SAFE into law Activist raises specter of lawsuit at L.A.'s Maersk terminal EDF to build Dunkirk LPG terminal

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OCTOBER 16, 2006
Record along Emma Mærsk's maiden voyage The container giant Emma Mærsk has broken several records on her maiden voyage to the Far East with turnaround in ... AHTSs booked at NOK 1.6 million per day North Sea dayrates for modern anchor handling tug supply vessels (AHTS) have quadrupled in just over one week. According to ... FPSO conversion for Frontline's Front Puffin John Fredriksen-controlled Frontline has contracted Singapore-based Keppel to convert its 112,000 DWT shuttle tanker Front Puffin to a ...

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OCTOBER 16, 2006
Bunker prices poised to rise Crude firming but still below $60 as markets remaining nervous over OPEC meeting. ConocoPhillips pays fine for spill Company not admitting liability for 2004 spill but may have to pay for clean-up. New floating storage for Gibraltar Two bunker suppliers expanding operations with additional tankers. New traders for A/S Dan-Bunkering ARA market firms on higher crude Singapore: Prices firm, prompt avails tight Higher crude pulling up bunker prices, supplies healthy in Hong Kong and South Korea. Singapore: Jan-Sep bunker sales exceed 20 million mt September bunker sales down 4.3% from month-ago levels, up 12.8% year-on-year.