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Shipping News

New ISO mark for box e-seals could save industry millions
ALTHOUGH not mandatory and still hotly debated within the industry, electronic container seals have a new ISO standard which could save the global shipping industry at least $64 million annually in manual inspection costs for inbound containers into the United States.
DP World slams US port security law
AN executive with Dubai Ports World, the Arab-owned firm whose purchase of American port facilities caused an uproar this year, said on Tuesday that a new US port security law was fundamentally inadequate.
DP World plans to remove P&O name
DP World, the United Arab Emirates company that bought London-based Peninsular & Oriental Steam Navigation Co in February, plans to remove the P&O name from the 169-year-old British company's ports.
Persian Gulf tanker rates gain as owners expect rise in bookings

Port Shots

Port Shots
THE Greek air force rescued the Turkish crew of a stranded Cambodian-flagged vessel after the ship developed engine failure and ran adrift in heavy seas.

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Shipping News

New ISO mark for box e-seals could save industry millions
ALTHOUGH not mandatory and still hotly debated within the industry, electronic container seals have a new ISO standard which could save the global shipping industry at least $64 million annually in manual inspection costs for inbound containers into the United States.
DP World slams US port security law
AN executive with Dubai Ports World, the Arab-owned firm whose purchase of American port facilities caused an uproar this year, said on Tuesday that a new US port security law was fundamentally inadequate.
DP World plans to remove P&O name
DP World, the United Arab Emirates company that bought London-based Peninsular & Oriental Steam Navigation Co in February, plans to remove the P&O name from the 169-year-old British company's ports.
Persian Gulf tanker rates gain as owners expect rise in bookings

Port Shots

Port Shots
THE Greek air force rescued the Turkish crew of a stranded Cambodian-flagged vessel after the ship developed engine failure and ran adrift in heavy seas.

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CSCL's new 9,600-TEU ship sets sail on AEX7 CN launches China operations Maersk makes Asia main hub, expands port coverage Swee Joo forecasts 20pc rise in intra-Malaysia volumes 'K' Line to open training centre in the Philippines Kuehne + Nagel wins seafreight forwarder award Dragonair to resume Phuket service China Southern Airlines orders 6 Boeing freighters Singapore Airlines to reduce fuel surcharge

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India to raise US shrimp import policy at WTO panel Flood of duty-free Lankan pepper leaves producers fuming Edible oil imports take a dip Trade at Nathu La Pass exceeds $ 18 lakh KPT appreciates handling performance on board m.v. Bao Xiang Vizag Port Trust observes Hindi utsav month Jeena & Co's partnership with Port of Halifax opens up new gateway to/from Canada, US KoPT starts dry bulk cargo operations at Sandheads KoPT, IWAI take SPV route to build 2 inland terminals CONCOR to hike rates by 3-6 pc LME warehouse in India likely Shree Sainath Agencies offers seamless logistics solutions Govt keen on pruning transaction costs, EEPC assured Assocham predicts 5 pc rise in polished diamond exports Foreign investors baulked by tardy reforms pace

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Kuehne + Nagel nominates new board member Emirates Shipping Line launches Hyper Galex Globe Air Cargo wins Africa West contract Sea Containers files for Chapter 11 Hellmann invests heavily in Lichfield, UK

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OCTOBER 18, 2006
LPG leak shuts Southampton Ship running costs up 4% Suezmax demand "set to grow" Grimaldi makes Finnlines offer ABS sets up Black Sea committee

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OCTOBER 18, 2006
Teekay controls 50.3 pct of Petrojarl

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OCTOBER 18, 2006
ConocoPhillips will pay fine as result of POLAR TEXAS oil spill Vancouver, BC Port Authority wins top employer honor for 2007 NOAA vessel open to tours at Port of Bellingham terminal Schnitzer Steel settlement closes DOJ/SEC investigation Crowley adding third ship to Port Everglades/St. Thomas run

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Bureau Veritas denies takeover by SGS BUREAU Veritas has firmly rejected reports that it will shortly be sold to Swiss inspection and certification giant SGS for around €3bn ($3.75bn). Six killed in Mexico tanker explosion AT LEAST six people have been killed and nine wounded in an explosion on a Pemex-owned product tanker, Quetzalcoatl, in the Mexican port of Coatzacoalcos. Greece hit as EU closes single hull loophole THE European Union is about to close a loophole in existing legislation on single hull tankers, much to the chagrin of Greece. Massive €2bn LNG order in pipeline for Repsol REPSOL-Gas Natural LNG has invited bids for lucrative long-term charters on up to 11 newbuild liquefied natural gas carriers, in a deal that could be worth more than €2bn ($3.3bn) to shipbuilders over the next six years.

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OCTOBER 18, 2006
Eight dead in Mexican tanker blast COATZACOALCOS 18 October ' EIGHT people are reported to have been killed yesterday in a massive explosion on the Mexican tanker Quetzalcoatl, which was undergoing repairs at the Pajaritos petrochemical complex in Coatzacoalcos port PNSC secures loan for new tonnage PAKISTAN'S national flag carrier PNSC has secured a $135M loan to buy two second-hand double-hull Aframax tankers and a bulk carrier Seafarer claims prompt reality check An attempt is to be made in the Philippines next month to find out what lies behind the recent growth in the number of seafarers' claims for compensation OSG's takeover of Maritrans cleared FEDERAL regulators cleared the way yesterday for Overseas Shipholding Group's $455M takeover of Florida-based Maritrans Magsaysay opens crew office in Panama MAGSAYSAY, the Philippines-based crewing agency, has opened an office in Panama and has already contracted 100 Panamanians to work on ocean going ships Marshall Islands aims for No 2 slot MARSHALL Islands could become the world's second biggest flag, believes Bill Gallagher, president of its manager International Registries Inc Not all detentions in PSC data USCG's secret list leads to more boardings SNRH battles through at Le Havre Captain jailed to stop him fleeing Court clears SNCM to take over CMN HMM moves to block takeover bid Swee Joo shares begin trading Migrant Watch: US/Caribbean

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OCTOBER 18, 2006
U.S. probes Shipping Act anti-trust Ocean carriers' antitrust immunity under the Shipping Act was subject of a hearing before the Antitrust Modernization Commission. EU to open mail market Mobile breaks ground on new container terminal "K" Line upgrades Yokohama hub Kuehne & Nagel chief interested in Hapag stake Services for NCBFAA's Isaacs Matson trims fuel charge DP World to drop P&O name from terminals Nehru plots congestion plan China Shipping takes stake in new Egypt terminal Delay for Mumbai box project

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OCTOBER 18, 2006
Disinterested allies could protect Hapag-Lloyd A group of investors could take on Hapag-Lloyd if TUI shareholder-pressure forced a sale, but the alliance must be committed to neutrality, rather than profit, one potential investor has stressed. New terminals to bring solace to COSCO Pacific investors Despite disappointing interim results, analysts are still thinking positively about COSCO Pacific, counting on thie firm's 11 new berths to be launched this year, particularly those in Shanghai and Guangzhou. Charter-barter continues, as buyers and sellers face off Failed PAN's ship berths at last P+I Club urges caution on hazardous goods in containers Tianjin anticipates US$160m/year from phase III development Jakarta moves to streamline Customs law K Line to run two new Tokyo berths Concor hikes tariff

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OCTOBER 18, 2006
OSG names US-flag team The merged OSG-Maritrans US-flag operations are taking clearer shape with three key executive appointments. Fesco teams on terminals Russian boxship owner forms joint venture to run facilities in St Petersburg and Ust-Luga. Barge spill on Long Island A cleanup is underway after a small oil spill by a Penn Maritime barge at a ConocoPhillips terminal off Long Island. USCG strikes again Unsafe oxygen levels in cargo tanks have stopped another tanker after a US Coast Guard inspection at Los Angeles. Stora Enso not keen Paper group doesn't fancy selling 5.4% Finnlines stake to Grimaldi. GulfMark takes AHTS option Jaya Shipbuilding of Indonesia to deliver another offshore unit to US owner with a further option pending. Carnival time Cruise giant puts 10% more in investors' pockets after strong financials. Teekay tops 50% Aframax owner scrapes through to take controlling stake in sought-after FPSO operator Petrojarl. It ain't over yet Petrojarl head expects Teekay to declare 60% stake by day-end and take full ownership in a matter of weeks. China Shipping takes Damietta stake New Egyptian container terminal to act as Chinese liner company's hub in the Mediterranean. Q-Ship down Net profit at Qatar Shipping Company takes a 12% hit in the first nine months as investment income dries up. Eimskip chops two Icelandic container line stops Philly and Newport News calls to drop in on Richmond. K+N stands up for Hapag-Lloyd Swiss freight forwarder's boss ready to invest in German boxship owner to prevent hostile takeover. LPG leak shuts UK port Gas cloud sent into the air by leaking vessel which shuts port of Southampton overnight. Ganger Rolf faces tax hit Fred Olsen holding company being chased for back taxes dating from 2000 deal. Mexican tanker blast kills eight Nine injured and two missing in explosion onboard Pemex tanker in Gulf of Mexico port. Sical snaps up Siem newbuild Indian bulk shipping company is paying $31.3m for an Aker Yards built platform supply vessel. Britannia cuts premiums Top P&I club is again charging a select band of shipowners less than forecast. US Shipping charters newbuilding US owner secures work for second articulated tug barge being built at Manitowoc yard. US holds five Port state control offenders include heavylift ship detained for oily-water separator violations. Matson cuts surcharge US to Hawaii container line announces second reduction in fuel surcharges in as many months.

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OCTOBER 18, 2006
U.S. liner carrier antitrust immunity up for debate India facing vessel age crisis Yang Ming receives 2nd 8,200-TEU ship from HHI Eimskip drops Philadelphia and Norfolk, adds Richmond Matson lowers bunker surcharge Cargolux to lower fuel surcharge Con-Way's income down in 3rd quarter BNSF selects Allen Group to develop Kansas logistics park CBP issues interim import entry rules for Canadian softwood lumber No surprise: UN report says Hong Kong and China lead FDI chase Schenker opens Korea Logistics Center GSC Logistics hires Lesser as CFO Trade attorney Harvey Isaacs dies from health complications FMC reviews 6 OTI license applications GAO: Radiation portal monitor cost-benefit analysis inadequate U.S. and global container scanning initiative scrutinized DP World to drop P&O Ports brand L.A.-Long Beach CBP office: Paperless PTs by Nov. 13 Traffic back to normal on Mississippi River Tideworks system complete at Chilean terminal ICTSI promotes O'Neil

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OCTOBER 18, 2006
Torm-chartered vessel in US collision Torm Anholt, a chartered panamax bulk carrier has been involved in a collision on the Mississippi river. The bulk carrier ... Nordic Tankers with zero profit and three new tankers The newly established company Nordic Tankers came out with zero profit in the first half of 2006, but forecasts a ... Navantia will not pay for frigate modules Bergen Yard and Kleven Mek Verksted (Aker Yards) have frigate modules ready to deliver to the Spanish yard Navantia, but ...

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OCTOBER 18, 2006
Bunkering resumes after Mexican tanker explosion Supplier advising a return to normal after incident disrupts port, causing six fatalities. Argentina supplier welcomes new barge Launching ceremony tomorrow and locally-built vessel heading for up-river ports. Supplier claims Black Sea port no longer an open market "Ecological regulations" stifling competition between bunker players in Novorossiysk. Rotterdam market decreases with crude Accurate ETA crucial to cutting waiting times for bunker stems A one hour delay can cost up to $1,000 say Singapore shipbrokers. Bunkers to be removed from grounded tanker About 70 mt of bunker fuel remains onboard grounded bunker tanker near Karachi Port. Matson lowers bunker fuel surcharge US-based company will lower surcharge by 1% from November.