BRIEFS

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Shipping News

Big drive on to woo the young to careers at sea
SINGAPORE is at the epicentre of the Asian maritime trade, but it is desperately crying out for more trained maritime professionals.
A treasure chest of opportunities
IS the maritme industry a male dominated sunset industry? If that is the popular belief, the Singapore Maritime Foundation will have nothing of it.
Conoco to pay US$2.3m for oil spill
CONOCOPHILLIPS was ordered to pay a US$2.3 million settlement by the United States government for an oil spill involving its shipping arm two years ago, the US Coast Guard said yesterday.
States lashed for not ratifying TBT ban

Strait Talk

The time might be right to sell shipyard shares
THE current shipbuilding boom shows every sign of continuing for several years yet, leaving some us - with vivid memories of the collapse of the late seventies and much of the eighties - more than a little perplexed.

web site

Shipping News

Big drive on to woo the young to careers at sea
SINGAPORE is at the epicentre of the Asian maritime trade, but it is desperately crying out for more trained maritime professionals.
A treasure chest of opportunities
IS the maritme industry a male dominated sunset industry? If that is the popular belief, the Singapore Maritime Foundation will have nothing of it.
Conoco to pay US$2.3m for oil spill
CONOCOPHILLIPS was ordered to pay a US$2.3 million settlement by the United States government for an oil spill involving its shipping arm two years ago, the US Coast Guard said yesterday.
States lashed for not ratifying TBT ban

Strait Talk

The time might be right to sell shipyard shares
THE current shipbuilding boom shows every sign of continuing for several years yet, leaving some us - with vivid memories of the collapse of the late seventies and much of the eighties - more than a little perplexed.

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Hong Kong's September box throughput edges up slightly Soyuztranslink launches China rail service to Central Asia, CIS Transport bosses to meet in Korea to discuss rail dream Survey finds 3PL providers are spurring China's trade growth FedEx named best company for women in HK DHL buys 49pc share of Polar Globe Air Cargo to handle freight for Africa Air Logistics signs Europe-wide contract with OAG Cargo

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Teamglobal becomes a name to reckon with! Record participation from far and wide GE Shipping demerges offshore services biz MOL set to launch CS1 service IWAI charts the riverine courses Forbes Sea Consortium to expand into South India Ceca can boost trade with EU five-fold-Assocham 6.34 pc rise in textile exports to US during Jan.-June India, Asean meeting next month to resolve FTA impasse Lalu invites pvt. investments in Rlys' non-core sectors Baalu to sign pact with Finland on road safety expertise Private containerised rail freight operators face uphill run India's economic reforms are irrevocable - Kamal Nath tells global audience RBI to retain export credit rates till April 30, 2007 PM seeks EU role in economic development Consultant's views to be sought on piped gas pricing

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New WCA Family vice-president to focus on member relations Finnlines trumpets good results Air Logistics Group renews contract with OAG Cargo Eurotunnel raises turnover J.B. Hunt reports higher profits and revenues in Q3/2006 USA: Bush signs port security legislation

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OCTOBER 17, 2006
Intertanko blasts non-ratification of TBT ban Earthquakes fail to shake Horizon BW Offshore in Nigerian FPSO deal MOL orders 4 VLGCs

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OCTOBER 17, 2006
Tesoro takes two more from Aker Philly Patti to build quarters barge for Corps U.S.Shipping Partners completes ATB Charter USCG responds to Mississippi bulker collision Shipowners hit by rising insurance and crew costs

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DryShips chief denies $22m hedging loss was a gamble DRYSHIPS' $22.3m hedging loss arose not from a "gamble" but a bona fide attempt to protect shareholders against market vagaries, George Economou has declared. Bulkers collide on Mississippi A BULKER sailing down the Mississippi River collided with another bulker on Monday, causing a 12 ft by 6 ft hole in the latter and disrupting commercial traffic, writes Rajesh Joshi in New York. Mercator lines up $100m IPO in Singapore THE Singapore subsidiary of Mumbai-based shipowner Mercator Lines is to float an initial public offering to raise $50m-$100m. DP World rebrand drops P&O name from terminals DUBAI port operator DP World is to drop the P&O brand from its terminals business but will retain the name in four other subsidiaries. Crude oil export drive to sustain suezmax demand over five years DEMAND for suezmax tankers is forecast to increase strongly in the next five years, but 2009 threatens to be a pivotal year with a record amount of new tonnage set to hit the market.

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OCTOBER 17, 2006
Fesco in profit, but piles on debt RUSSIAN dry cargo carrier Far Eastern Shipping Co (Fesco) has reported first-half results that appear to show a profit after more than year in the red EU's Marco Polo funding agreed THE second round of Marco Polo funding from the EU supporting short-sea shipping projects has just been agreed in Brussels UK to fund freight shift to water THE UK is about to launch a new Sustainable Distribution Fund, the key aim of which is to offer funding on projects that shift freight from roads to water and rail Specialist crew wage costs soar SPECIALIST crew wage costs are increasing faster than almost any other operating cost, according to a report available from Moore Stephens TUI seeks friendly backers MANAGERS at TUI are seeking friendly investors to prevent a take-over and break-up of the company, but market numbers suggest frustrated shareholders have a case USCG has six months to launch LRIT Bulker holed in lower Mississippi Hawaii checks for quake damage Pertamina blaze raises suspicions Caribbean seeks help on security Caribbean fears passport fallout

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OCTOBER 17, 2006
Canada protests APHIS rule Inspection fees on shipments of fruits and vegetables will slow cross-border traffic, shippers, carriers say. DP World's Sanborn slams SAFE Port Act Truck e-manifests soar FedEx pilots OK labor deal Charleston gets nod on 2 terminal projects Mississippi River reopens after accident Savi to supply RFID to National Guard WTO to press for resumption of Doha Doha or not, US will push Latin trade Cortland Linder, former Kerr Steamship president, dies OOCL to take slots on Emirates Shipping service Oman box terminal opens ahead of schedule Lawsuit challenges Jaxport bid Indian state to upgrade ports

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OCTOBER 17, 2006
And the winner looks like...' Singapore Unless Hong Kong manages to catch up a 623,300 teu shortfall, or Shanghai dramatically achieves 36% year-on-year throughput growth, Singapore will win the battle to be top port this year. Kerala popular movement protest Vizinjam delay Three more China-South Korea loops in the pipeline Indonesia to clear way for fruit exports to China Russian Troika to sell slots on Moscow train Brazilian anti-piracy training course starts off Indonesian ports to rest on Muslim holiday

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OCTOBER 17, 2006
US clears OSG-Maritrans Regulators find no antitrust grounds to block Overseas Shipholding Group's $455m buy of Jones Act tank-barge, lightering player. OSG confirms Tesoro ships New York owner acknowledges it has placed two more Philadelphia-built tankers with US refiner, making four for Tesoro and 8 of 10 newbuildings under charter. Flight risk Schroder jailed Master of boxship charged with misconduct for part in fatal collision is behind bars to prevent escape from US. Muehlhan makes IPO splash German ship coatings rival of Maersk and Teco to go public to expand rig business. Finnlines to sail on Emanuele Grimaldi will allow Finnish acquisition to remain on current course if takeover bid succeeds. WOE avoids more woe Stephen Van Dyck led P&I club hangs on to A- rating despite hefty recapitalisation cash call. GSI on the rise Chinese yard expecting six-fold increase in third-quarter profit as margins improve. LD out of Scandlines race Consortium seeks new Danish fund after LD Equity pulls out of bid for ferry owner Scandlines. New chief for Baltiisky Aleksandr Chistov to oversee unification of yard with St Petersburg neighbour Severnaya Verf. Suezmaxes in fashion Million-barrel tankers expected to enjoy surge in demand over next five years, according to UK broker Galbraith's. Communards strikes hull deal Ukrainian shipbuilder inks partnership with Norway's Flekkefjord yard for supply ship work. Better late than never India's Great Eastern finally succeeds in spinning off offshore shipping division New blood for old owner Long-time Norwegian shipowning company to rebuild after retail tycoon takes 50% stake. ESL planning China-ME service Emirates Shipping Line to launch Hyper Galex service linking China, India and the Middle East. Insurance costs soar Shipowners pay more for their hull and P&I cover though other expenses drop. NOL sees rates decline 10% Singapore liner company sees a double-digit decline in freight rates compared to a year ago. Fire ravages Pertamina HQ Top three floors of Indonesian state oil and gas company's Jakarta offices engulfed by flames.

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OCTOBER 17, 2006
Connaughton: U.S. involvement in international maritime must grow Drewry sees less "rate erosion" in 2007-2008 MOL orders VLGCs from Japanese yards APL's revenue per FEU down 10% Maersk Line to end direct Europe/Oceania calls Hamburg Sud increasing Trident capacity Moran orders new tugboats Former financial executive joins GT Nexus board FANZL moves offices in Seattle BIMCO releases U.S. PSC guide for seafarers Delta to expand international network in 2007 Cargolux to sell cargo for Oasis Hong Kong Airlines Air Logistics Group extends contract with OAG Cargo STL starts China rail service to Central Asia, CIS Commerce outlines benefits of proposed China end-user validation China investigating price fixing in trade with Japan Atlas agrees to improved C$583 million offer from Avion Operations restricted on Hawaii big island, "fairly normal" elsewhere Envirotainer appoints Peltransport as Israel agents Schenker to take over CPI as part of Philippines consolidation Port of Singapore leading Hong Kong after nine months Los Angeles, Busan become sisters

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OCTOBER 17, 2006
Soaring hull and P&I rates last year Shipowners paid an average of 10.6 per cent more for hull and P&I cover last year producing an increase ... Fjord Norway becomes Princess of Norway DFDS Seaways has chosen the name Princess of Norway for the newly purchased ferry Fjord Norway. At the moment the ... Islanders fear sale of Scandlines Fanø-færgeriet A/S is a new company being established on the Isle of Fanø. A group of local residents is ...

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OCTOBER 17, 2006
Three-day wait for IFO grades in Santos Brazilian avails generally good except for key port as price competition intensifying. Gasoline tanker explosion closes Mexican bunkering Port operations affected but extent of damage not clear as conflicting reports emerging. Simulated Arctic oil spills planned Oil companies sponsoring research project as concern growing over increasing Russian crude exports. O.W. Bunker welcomes new trader to worldwide office ARA market remains firm Siphoning of bunkers rescheduled to early-2007 The typhoon season has delayed siphoning of bunkers from sunken tanker. Hong Kong prices slip into uncompetitive territory Bunker prices in Thailand and South Korea hold competitive edge over Hong Kong. Weak oil prices to persist, OPEC says Oil cartel forecasts lower oil demand in fourth quarter this year.