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Shipping News

DP World partner seeks to nullify P&O deal
THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan
MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen
CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.

Strait Talk

E Asia box trade set for firm growth
CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.

Port Shots

Port Shorts
AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.

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Shipping News

DP World partner seeks to nullify P&O deal
THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan
MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen
CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.

Strait Talk

E Asia box trade set for firm growth
CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.

Port Shots

Port Shorts
AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.

web site

Shipping News

DP World partner seeks to nullify P&O deal
THE national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing ahead with its court effort to nullify the deal.
Malaysia orders inquiry into coral reef damage at Sipadan
MALAYSIA has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling.
China rescues 330 Viet fishermen
CHINESE rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday.

Strait Talk

E Asia box trade set for firm growth
CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU according to a new study which also predicts that demand will increase by up to 126 per cent over 2004-15 to 344-385 million TEU by 2015.

Port Shots

Port Shorts
AN oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said.

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We've no plans to sell more port assets: Hutchison boss Shipping giants to invest in expansion of Qingdao port Senator CEO says 2005 results show business is "back to normal" 'K' Line starts new SE Asia feeder service Johor to expand capacity to 1.2 million TEU Asean needs to reduce industrial tariffs for FTA with EU: Mandelson OTS Logistics appoints new exec committee member TSA bolsters US air cargo security with new regulations Strong demand fuels UPS' expansion of global air hub Schenker to strengthen Europe-N America airfreight operations

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Cargoplan officially begins operations in Mumbai & Delhi Evergreen wins AFSCA award for Best Shipping Line - Intra Asia again Safewater Lines makes the mark in just a year 22 pc rise in tea exports in March Sensitive items imports dip by 8.6 pc Sugar exports via free sale route from October likely Pak to open up market for 100 more Indian goods Textile exports to US post 18 pc rise during Jan.-April 4-lane road, double-line rail links to Major Ports via PPP route proposed Govt to give major thrust to shipbuilding sector S-W Railway given 2006-07 haulage target of 50 m tonnes Railways plans SPV to run freight corridors Exporters' profits may be taxed from April 1, 2010 FinMin rejects service tax sops to EOUs With strong financial muscle, IFFCO forays into infrastructure sector Mumbai diamond cos making beeline to Surat 10-hectare area for gems and jewellery SEZs proposed Meeting with UK trade team at IMC today

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MAY 19, 2006
Brenntag names Stephen R. Clark as new chief executive APL/Team Lines launch new Baltic feeder service Etihad to double daily flights to Bangkok Pannoncont to become Intercontainer Hungary Deutsche Post World Net starts well in 2006 New Italian minister of transport repeals Messina bridge

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MAY 19, 2006
UK stops Spanish ferry Polish Register launches small ship safety drive Galbraith's rejigs cargo dept More transhipment in car trades as vessels get bigger Vinashin's "US$1bn order"

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MAY 20, 2006
U.S. Shipping exercises two barge option with Manitowoc

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MAY 19, 2006
Oregon training exercise will test response to transport disruptions Weekly rail freight totals driven up by carload gains Hard work earns Port Angeles man Honorary Coast Guard Chief honor Public meeting will discuss plans for Hillsboro Airport "K" Line plans merger of two subsidiary companies

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Battle looms over $1bn Aker Philadelphia project TRADE union interests in the US are seeking to scupper a $1bn, 10-product tanker Jones Act construction programme at Aker Philadelphia Shipyard, writes Rajesh Joshi in New York. PIL unveils investment trust with 30 vessel fleet target ASIA'S first stock market listed shipping trust is already in talks with other Asian owners on sale and leaseback deals, aiming to have a fleet of 30 vessels in three to four years. Gazprom again delays naming its Shtokman partners A RUSSIAN liquefied natural gas project which could trigger orders for 15 vessels appears to have becomed mired in a political wrangle with the US, writes Tony Gray. Global coating standard agreed TWO years of mind-boggling debate in which owners, ship builders and classification societies clashed head on, have ended with the unanimous approval of the first-ever global coating standard by the International Maritime Organization.

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MAY 19, 2006
Senator's Mohr calls for liner unity SENATOR Lines CEO Hans-Hermann Mohr has urged fellow liner executives to "pull together as one" in an effort to rebuild a "sensible pricing policy". Horizon backers try again TWO shareholders and a few officers and directors in Jones Act carrier Horizon Lines today revealed their attempt to sell shares in the company for nearly $100M Vistamar lifeboat cracking ends cruise CRACKING to fenders on two lifeboats onboard the Spanish-owned cruise ship Vistamar is understood to be the cause of a cancelled cruise this week Tsakos Energy posts record figures TSAKOS Energy Navigation reported record net earnings on record revenues for 1Q06 as its fleet was almost fully employed US prepares for hurricanes, tsunami Spain backs EU port liberalisation Schiffsbank keeps up top margin Union claims Aker failing Jones Act Probation for tanker captain OSG turns in polluting engineer Fortuny action 'disproportionate' Indonesia identifies hub ports Hutchison's Li quashes sales talk

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MAY 19, 2006
U.S. extends tonnage tax Taxes on the tonnage of vessels arriving at U.S. ports have been extended until Jan. 1, 2011. "K" Line enters integrator market Hutchison Whampoa focused on ports: Li Horizon Lines files for sale of secondary shares IMO wins approval for ship satellite tracking Bulker refloated in Fla. BA cargo revenues flat Schenker expands direct airfreight between N. America, Europe Union OKs Northwest pact Lufthansa Cargo restructures handling and sales Cargolux adds Dammam flight

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MAY 19, 2006
Canada's West Coast ports must expand box capacity plans Canada's West Coast container ports need capacity considerably beyond existing expansion plans, to meet anticipated demands by 2015, a Vancouver-based think tank has warned. Tug and barge service planned for Virginia hinterland Security concerns cause more delays to Chennai terminal Yangtze feeder lowers costs says COSCON CN beefs up intermodal management Horizon Lines shareholders plan 5.75m share sell off Russian Troika puts finance to use, in 171-platform order

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MAY 19, 2006
UK to lose half its officers A UK government study says an ageing workforce and low intake will see numbers fall to 7,000 in 15 years' time. TEN fixes four Tsakos Energy Navigation has added to its time-charter coverage with upside-sharing deals on four ice-class products tankers. Private owners into Vinashin? Vietnam's state-owned shipbuilding group will restructure with equitised subsidiaries but the state will retain majority control. Senesco pays off US Shipping Manitowoc has won two more ATB tankers while Rhode Island's Senesco yard pays $20m to get one off its hands. Let's have another go Sponsors of Horizon Lines try a second time to sell their shares to the public. Caught red-fingered Crewman plugging gap with finger on expelled tanker Aral Wind highlight of April US detentions. Finnlines stake up for grabs Finnish ro-ro owner's second biggest investor will sell if the right offer comes along. Ready but not waiting? Tsakos Energy files $300m shelf registration in the US but denies it intends to tap markets anytime soon. PIL's 'shipping REIT' falters Singapore's first maritime fund cuts share price as investor interest wavers. Tokai profits short-lived From black to red again for Japanese ferry owner. Aker in mystery share drop Analysts and shipbuilder itself at a loss to explain plunge in price. Sanoyas slumps Last-minute improvement cannot keep Japanese yard from sliding to a loss in 2005. Meiji makes a packet Japanese tanker and bulker owner sees profits soar in year to March, but this year's forecast is lower. SBM raises the bar Dutch FPSO owner is raising 2006 earnings forecast as fleet generates performance bonuses. Namura heads into the red Japanese shipbuilder plunges to annual loss despite small rise in revenues. Kyoei crumbles Japanese VLCC owner tears up forecast sheet after profits drop 60% in 2005. Sasebo on the up Annual profit pushed higher as Japanese yard's revenues jump.

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MAY 19, 2006
Weakening Asia/Europe market hits Senator Lines' operating result U.S. indicts oil tanker chief engineering in oil dumping case COSCO starts Wuhan/Yangshan feeder Coast Guard gives Iraqi marines lessons in maritime security Samskip to open Gothenburg office Grounded freighter refloated off Florida China set to become sixth-largest express market by 2010 Nasdaq loses patience with World Air British Airways World Cargo's revenues up 3.3% Schenker, BAX Global to start U.S./Germany flights Bischof named Lufthansa's VP Americas Container seal regulations still on hold Senate committee gives Basham thumbs up USTR issues AGOA progress report to Congress "K" Line to merge air forwarding, logistics units State Department lists countries failing to cooperate on antiterrorism Haier selects Kuehne + Nagel for European supply chain services CWB names Sliworsky for Tokyo job Port of L.A. approves $21 million in emissions control projects Marseilles-Fos' box volumes up 5% after four months

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MAY 19, 2006
Swede fleet to double in 10 years In 2016, the Swedish controlled merchant fleet will be twice as large as today and Sweden will be back as ... Mols-Linien celebrates 40 years of service Mols-Linien A/S is celebrating its 40th anniversary this weekend. The ferry service started on May 18. 1966, when ... Snuff ban on Alandia ferries According to a verdict in the European Court, the exemption against the ban on sale of snuff on Åland is ...

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MAY 19, 2006
LA barge company receives port funding Port announcing emissions reduction projects, including refits for tug engines. New trading company formed in Greece Trading company formed to promote international sales for one of the leading suppliers in Piraeus. P&I club warns members of low sulphur implications Gard warning of technical difficulties and likely strict enforcement of low sulphur regulations. Total offers low sulphur supply at Baltic border Total refinery on Kiel Canal supplying low sulphur bunkers in the wider Hamburg area. Suppliers report run on low sulphur bunkers Ship operators in last minute dash to comply with today's Baltic SECA implementation strain prompt supply capacity beyond expectations. Rotterdam bullish on back of crude SK Corp to export 1,000 cst HSFO into Singapore Low demand in South Korea's bunker market may have prompted the export, which is scheduled to arrive in early June. Oil prices remain high despite surplus of supplies With crude over $70 per barrel, Saudi Arabia's foreign minister pledges to lower oil prices.