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Yeo's role in maritime industry growth hailed
THE maritime community here credited former transport minister Yeo Cheow Tong with helping to steer the maritime industry to new heights and global prominence during his tenure.
Macquarie to bid £2.7b for AB Ports: report
AN Australian-led consortium is to gatecrash Goldman Sachs's agreed purchase of Associated British Ports this week by posting a rival offer valuing the company at almost £2.7 billion , London's Sunday Times reported.
Carnival's Q2 profit down on fuel costs and weaker demand
CARNIVAL Corp, the world's largest cruise operator, said its quarterly profit fell slightly due to higher fuel costs and weaker demand for its Caribbean cruises.
Big scope in Asia for freight futures

Admiralty Casebook

Cargo seller entitled to damages despite accepting part proceeds
THE seller of a cargo of coal won summary judgment in the Singapore High Court the week before last against a vessel owner for misdelivering the cargo even though the seller had received a part payment of some 75 per cent of the sale price.

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Shipping News

Yeo's role in maritime industry growth hailed
THE maritime community here credited former transport minister Yeo Cheow Tong with helping to steer the maritime industry to new heights and global prominence during his tenure.
Macquarie to bid £2.7b for AB Ports: report
AN Australian-led consortium is to gatecrash Goldman Sachs's agreed purchase of Associated British Ports this week by posting a rival offer valuing the company at almost £2.7 billion , London's Sunday Times reported.
Carnival's Q2 profit down on fuel costs and weaker demand
CARNIVAL Corp, the world's largest cruise operator, said its quarterly profit fell slightly due to higher fuel costs and weaker demand for its Caribbean cruises.
Big scope in Asia for freight futures

Admiralty Casebook

Cargo seller entitled to damages despite accepting part proceeds
THE seller of a cargo of coal won summary judgment in the Singapore High Court the week before last against a vessel owner for misdelivering the cargo even though the seller had received a part payment of some 75 per cent of the sale price.

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Singapore handles more boxes than Hong Kong in May China Cosco expects freight rates to rebound Biendong, MOL to offer joint Vietnam-Singapore liner service Capacity of YRD ports to be raised by 30 million TEU by 2010 Goldman, Macquarie each bid US$4.76b for AB Ports Air China seeks to raise US$1b from A-share listing BA World Cargo offers two new premium products at London, Heathrow Northwest Airlines, IAM employees ratify agreement

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SCI to fine-tune strategy in liner segment Kamal Nath calls for unified action by BRIC nations to promote growth GM soyaoil imports to be allowed after July 7 Assocham, Kuwait body sign MoU to promote trade, investment Reconstruction of berths at Mattanchery Wharf to begin in Oct. PPT successfully contains Indonesian tanker's oil spill CONCOR to provide more rakes to ease ICD box pendency at JNP Draft document projects 8.5 pc growth during 11th Plan period Cabinet eases wheat import norms Chidambaram slated to meet corporate honchos on June 25 Fieo unhappy over retrospective clause in amendment to FTP Japanese co. to acquire 48 pc stake in MMTC's 5 FTWZs EEPC to open engg centre in S. Africa India, Slovakia to sign pact Pharmexcil team to tour Europe

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JUNE 16, 2006
Port of Kiel: Jörg Rüdel to retire HHLA steering a successful course Record traffic handling figures at Frankfurt airport EWS Railway launches French operations GAC with new deal in Sri Lanka Rising EU lorry traffic necessitates new transport policy RFID for Indian Railways

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JUNE 16, 2006
MOL teams with Biendong for Vietnam service Insurance industry ignoring regulators IM Skaugen launches Taizhou venture

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JUNE 16, 2006
Bringing maritime industry back to Brooklyn

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JUNE 16, 2006
Second new container line calling Port of Portland terminals US rail freight traffic has positive month of May Port of Tacoma holds contest for chance to blow their stack Eastern Car Liner expanding shipments to Port of Everett COSCO boss supports Panama Canal expansion

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SCI splashes out $1.4bn on India fleet renewal INDIA'S largest shipping company, Shipping Corp of India has announced ambitious plans to spend Rs63bn ($1.4bn) to acquire 35 mostly secondhand vessels to renew its fleet over the next year, while reaffirming its intention to break into LNG shipping. Clarksons lands another deal with Genchem purchase LEADING shipbroker Clarksons is masterminding another thrust into specialist products chartering with the acquisition of Genchem Holdings, writes Tony Gray. Brave new Huxley venture starts out TIM Huxley's shipowning venture Mandarin Shipping sets sail today, just over two weeks since the well-known shipbroker left his post as managing director of Clarksons Asia. Britain's first salvage 'tsar' to step down ROBIN Middleton, Britain's trail-blazing salvage and anti-pollution "tsar", will retire in March next year, Lloyd's List has learnt.

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JUNE 16, 2006
Carnival admits Caribbean softness CARNIVAL Corp profits fell $8M on a 43% jump in fuel costs during its second (March-May) quarter, while the cruise giant has announced an additional $1Bn share-repurchase authorisation Carnival pushes passport rule delay CARNIVAL Corp remains hopeful that the deadline for new US passport requirements will be extended and has also provided guidance on Costa's fuel surcharge programme Clarksons close to adding Genchem CLARKSONS, the UK-based shipping services group, is in the final stages of acquiring privately-owned chemicals specialist Genchem SCI sees rate stability ahead SHIPPING Corp of India chairman S Hajara believes the increased supply of new tonnage will prevent the charter markets from shooting up SCI takes fast track to expansion STATE-owned Shipping Corp of India is proposes to take the joint venture route for fast track expansion, according to S Hajara, chairman and managing director FFA trading in Asia being held back FFA trading in Asia is being held back by a potent mix of time zone issues, a lack of understanding and local rivalries, a London confedrence was told today Victory quartet head for Texas Alfaship demolition abandoned US LNG terminals win FERC approval Belgian bid for Humber port operator Fairplay wins the Fairplay Cup Wrecked Seraya bunker oil removed Skaugen yard venture wins approval Argentine operator links Brazil ports Bulker owner pays $3M for reef damage Cruise groups to merge

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JUNE 16, 2006
Yang Ming opens Portland box service The arrival of Taiwan carrier at Terminal 6 (left) marks the second new container line at the Oregon port since Zim opened service on May 14. Congress aids Homeland Security, passes new spending bill Hong Kong airfreight volume up 4.6% Wider trade gap in April Food distributor buys Port of Portland acreage Lines open third mainline service at Tuticorin KAL adds Las Vegas gateway DiVirgilio joins Ceres as SVP CN promotes senior intermodal sales executive Atlas relisted on Nasdaq Taiwan's EVA to partner on mainland cargo airline

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JUNE 16, 2006
US government watchdog: framework for intermodalism needed The US federal framework is not well-suited to developing the kind of intermodal transportation which eases congestion, with particular shortfalls in nation-wide goals and funding, and also in nationwide co-ordination. SCI plans to launch India/Inchon service MAX headway for Emirates as it charters OOCL slots Hong Kong falls behind Singapore despite strong growth Industrial action leaves Intra-Mercosur trade backed up at Brazil borders IRISL start northern feeder from Hamburg ELAA submits regulatory proposals to EC SCI's net profit dips

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JUNE 16, 2006
MC Shipping buys Maersk vessel US-listed LPG player grabs 20,700-cbm unit from Maersk and lets two coastal bulkers go to Dutch company. Thai gets six months Sailor jailed over stabbing of two crewmates in Australia last week, but blast threat dismissed. Clarksons scoops Genchem UK brokerage continues acquisitions with '5m-'10m takeover of private compatriot shipping services provider. Bocimar builds Marc Saverys-led Bocimar is selling one capesize to Korea's Chang Myung and ordering another at Shanghai Waigaoqiao. Crew Chart wins Srab deal Ship manager to operate two of Swedish tanker owner's Turkish newbuildings. Carnival slips on fuel Soaring fuel costs and a tough Caribbean market keep cruise giant's second-quarter profit down. Green light for IM Skaugen Norwegian owner receives state blessing for shipyard joint venture near Shanghai, which will build its 10 new gas carriers. Costs get Gotland Annual profits down despite higher revenues at Swedish tanker and ferry owner. PIL lifts PST stake Falling price prompts Pacific International Lines to buy shares in its spin-off shipping fund. Cobelfret moves for Simon Investment company controlled by Belgian ro-ro owner's directors aims to buy UK ports company. GE orders jackup Indian shipowner expanding offshore activities with first ever rig newbuilding ordered at Keppel. RCCL in US law suit New Jersey sues Royal Caribbean for late itinerary change without notice or offer of refund to passengers. Horizon hits heights Chuck Raymond-led Horizon Lines' share has risen to its all-time high following a sell-off of a fifth of outstanding shares by insiders.

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JUNE 16, 2006
EC presents "Green Paper" to U.S. regulators Clarksons close to Genchem takeover SCI's profits slide 27% Emirates Shipping to join OOCL's Middle East-Asia Express loop OMI's quarterly charter rates "above expectations" China Shipping to spend $372 million to lease containers Management changes at Grindrod Richardson, Veitch to receive AOTOS Awards Varig bid gets go-ahead NYC seeks solution for JFK road congestion Petri stresses intermodal focus in national transportation funding CN promotes sales, marketing executives Environmentalists blame FTAs for increased illegal timber shipments TNT Logistics expands Eaton facility Port of L.A. budget includes $33 million for security programs FERC authorizes new LNG terminals Yantian takes delivery of post-Panamax cranes Goldman Sachs group raises ABP bid as Macquarie consortium enters fray DP World to build 2.2 million-TEU terminal at Port of Tianjin

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JUNE 16, 2006
SRAB buys part in ship management company Stockholm based SRAB Shipping has acquired a 25 per cent stake in Crew Ship Management, a subsidiary to Stoc Tankers ... Paternity leave to men in Maersk A. P. Møller-Mærsk A/S has taken the consequence of modern times and implemented child leave for its male ... Paralysis in Norwegian shipping policy Norwegian politicians are, yet again, looking for a broadly based compromise to extract Norwegian shipping policy from is current paralysis

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JUNE 16, 2006
Houston drops to $300 Bunker prices going even lower in the US Gulf as bottom of market falling away. Bunker prices spoil Carnival Cruise line seeing fuel prices up over one third from last year, but future costs going down. Santos avails tighten Delivery dates stretching into late June in Brazil's main bunker port. Aruba bunkering update Valero advising of latest situation for bunkering following refinery outage. New licensed supplier goes live in Singapore After securing the first new Singapore supply licence in 3 years, Aegean starts operations today with new barge. Rotterdam still softening at 11.30 local time High bunker costs slash net profit Indian shipping firm announces net profits dropped 42.7% for the fourth quarter ended March 31, 2006. Singapore: May bunker sales close to 2.5 million mt Bunker sales volume in May increased by close to 20% on year and more than 12% on month.