BRIEFS

web site

Shipping News

Use safer, more expensive fuel: Intertanko
TANKER owners' group Intertanko says the world fleet should switch from using residual fuel to expensive distillate fuel, such as diesel, for environmental reasons.
HK detains N Korean ship: report
HONG Kong has detained a North Korean ship for suspected safety violations just days after the United Nations Security Council imposed new sanctions on Pyongyang, a local newspaper reported yesterday.
HK eyes HK$2.2b a year from new cruise terminal
HONG Kong is targeting global growth in cruise holidays to expand its tourism industry and expects a proposed new cruise terminal will generate annual revenue of up to HK$2.2 billion .
China Cosco's sales increase 7.6% in Q3

Strait Talk

Intertanko's push for switch to distillate fuel sparks debate
THE vast majority of the world's fleet are powered by marine diesel engines.

web site

Shipping News

Use safer, more expensive fuel: Intertanko
TANKER owners' group Intertanko says the world fleet should switch from using residual fuel to expensive distillate fuel, such as diesel, for environmental reasons.
HK detains N Korean ship: report
HONG Kong has detained a North Korean ship for suspected safety violations just days after the United Nations Security Council imposed new sanctions on Pyongyang, a local newspaper reported yesterday.
HK eyes HK$2.2b a year from new cruise terminal
HONG Kong is targeting global growth in cruise holidays to expand its tourism industry and expects a proposed new cruise terminal will generate annual revenue of up to HK$2.2 billion .
China Cosco's sales increase 7.6% in Q3

Strait Talk

Intertanko's push for switch to distillate fuel sparks debate
THE vast majority of the world's fleet are powered by marine diesel engines.

	web site

Coscon to launch Asia-US services CMA CGM adds Beirut, upgrades Le Havre on north China run TS Lines to offer two new services: SJX 1 and HGX MOL sets up logistics subsidiary in China NYK orders four training vessels from Hyundai Duisport reaches China through Collyer Martin O'Neil becomes new CFO at ICTSI BA World Cargo flies from Prestwick to US Sydney Airport Ebita rises 7.9pc over July-September period Qantas CEO named new chairman of oneworld board

	web site
OCTOBER 24, 2006
Swissport makes management changes Panamanians back canal expansion Thai Cargo full-freighter to Amsterdam inaugurated Schneider National going to Germany TNT Logistics signs contract with Infoglobo DB Netz offers on-line track access ordering Fresh Opportunities Congress approaching

	web site
OCTOBER 24, 2006
GAO: Condition of some USCG vessels declines

	web site

Bahamas proposes major IMO shake-up THE Bahamas is proposing a radical overhaul of the International Maritime Organization that could see traditional maritime nations lose some of their influence and newer flag states gain greater prominence. BP profits boost helps offset recent US problems ASSET sales and better than expected refining performance helped boost BP's third quarter profits by 58% to $6.97bn, offsetting the problems from US production operations. Browne predicts 'tougher' oil market MARKET conditions and fundamentals will worsen as more production capacity is brought on line, according to Lord Browne, writes Martyn Wingrove. Rotterdam likely to stay top of European ports ROTTERDAM will maintain its position as Europe's major port until 2030, suggests a new study by Hamburg's Berenberg Bank together with local economic research institute HWWI.

	web site
OCTOBER 24, 2006
Alleged cartel in Brazil SAO PAULO 24 October ' A powerful shippers group in Brazil is calling on the national government to investigate suspected price fixing by liner shipping companies operating in the South American country Crew evacuated after ro-ro grounds TWENTY crew of the Liberian-flagged ro-ro container vessel Rokia Delmas were airlifted to safety this morning after their vessel ran aground off the French Atlantic coast Stena, DSR lead Scandlines race THE shortlist of suitors for German-Danish ferry giant Scandlines has shrunk to two consortia, led by Stena Linhe and DSR respectively, according to German media Moby brings private equity on board Boluda to open new repair yard HHI shares hit record high Bastia court suspends Corsican tender Russia, Korea hunt for sunken vessel Builders revolt against steel price rise Engine sales to reach over $9Bn

	web site
OCTOBER 24, 2006
Kuehne & Nagel profit surges in Q3 Nine-month earnings soared by over 50 percent from a year ago on ocean and air freight that outpaced the industry average. Collaboration key to optimizing China supply chains: APL exec Bush to visit Vietnam BNSF net throttles up Fesco plans IPO Seaspan revenues gain ABP's Lerenius to step down Hamburg Süd names C. Europe agent Maritrans fined for spill Expansion eyed by TCI

	web site
OCTOBER 24, 2006
Tugs ready to pull grounded Delmas ship to safety on high tide The 1,446 teu Rokia Delmas, which ran aground off La Rochelle, France, this morning at around 5am local time, is expected to be pulled clear and towed to La Pallice at high tide. Poor freight rates hit COSCON Q3 revenue per teu China COSCO said today the Q3 revenue of its container shipping unit rose 7.6% year-on-year to RMB9.2bn (US$1.17bn), although, the revenue/teu fell by the same percentage. SIPG to list on Thursday, with overseas offering to follow Fifteen consortiums bid for Busan New Port hinterland Strength of long-term charter market boosts Seaspan Q3 results Deadline extension nets more bidders for Pakistan's deepwater box-port Lower Danube boxport development plans hatched by Romania and Moldova California's San Pedro Bay ports get in on another Clean Air act IMCL express cuts though to Gdynia

	web site
OCTOBER 24, 2006
George kicks in cash George Economou is upping his share in DryShips by reinvesting this quarter's dividend and taking shares to pay back a loan. Seabourn boss dies suddenly Deborah L Natansohn, 53, head of Seabourn Cruise Line, died today following a heart attack this weekend. Another blow for Aries CMA CGM has handed at least one ship back to operationally troubled Aries Maritime over excessive off-hire. Pretty penny for OMI Tanker owner beats Wall Street earnings consensus by $0.01 while confirming sale of four products carriers. Maritrans lightly fined A 50-gallon spill on the Columbia River has netted Florida's Maritrans a $13,000 fine. OMI sells 4 for $180m Stamford company said to retain control of all four 37,000-dwt units, suggesting new products pool may be in offing. Martinac sues over ferry bid US shipbuilder wants damages for alleged deliberate attempt by Washington State Ferries to delay newbuilding tender. Rich times at Euronav Antwerp tanker owner Euronav is reporting fat dollar-a-share earnings and extending its Samsung suezmax series. Ship listing off France Twenty airlifted from French ro-ro which lost propulsion in rough weather outside port of La Rochelle. UK Club opts for 7.5% Largest P&I mutual decides on lowest general increase in six years as strengthening reserves lead to rating boost. Chemical scare downunder Flammable resin leaking from container sees Thai boxship evacuated in port of Brisbane. Three more for FreeSeas Nasdaq-listed bulk operator has more handysizes in its sights ahead of bond issue. Baltic Kristina left on shelf Riga Freeport Authority has no takers for 1973-built ferry at auction. Forth goes forth Scottish one-tanker company moving in the right direction once again with first-half turnaround. Olsen Energy powers on Oslo-listed drillship owner triples third-quarter income and points to strong demand and rig shortage as reason for optimism. Space squeeze for Hoegh Norwegian owner evaluates further car carrier newbuildings to cope with auto export growth. HK detains DPRK ship North Korean general cargo vessel falls afoul of Hong Kong inspectors following visit of US official at the weekend. Sell Frontline! Pareto Securities take dim view of 2007 tanker prospects, and says winter upturn is good time to offload stock. Prosafe confirms tanker buy Dynacom aframax swaps hands for $16.5m with conversion to FPSO unit imminent. Siem Offshore builds profit Kristian Siem's supply ship and anchor-handler venture puts up bigger numbers in third quarter. Solid profit for Seaspan Canadian boxship owner's expanding fleet banks $25.5m in first nine months. DryShips offloads oldie Mystery buyer pays $11.25m for 24 years old panamax bulk carrier. Howzat? Louis Cruise Lines charters out vessel as accommodation for fans at 2007 Cricket World Cup. Seadrill ties up newbuilding Bermuda-registered drillship owner wins $570m oil-major deal for vessel being built at Samsung. Euro trade boosts Cosco Third quarter revenues up at Chinese container shipping giant as Asia-to-Europe trade jumps almost 15%. Russian ship sinks, one dead Five rescued and 12 still missing as Russian timber carrier goes under in the Sea of Japan.

	web site
OCTOBER 24, 2006
COSCO's volume, revenue up in 3rd quarter Seaspan posts $8.9 million 3rd quarter profit Hamburg Sud selects Safe Shipping as Central Europe agents CMA CGM ship stuck off French Atlantic coast No pollution, injuries reported after Mississippi accident Four Soft buys FWL Technologies assets Johns receives Walter Gilbert Award from Auburn TUI denies federal shareholding talks OOCL orders another four 8,063-TEU ships from Samsung NYK, Mitsui secure charter contract with CPC for LNG carriers ATA wants 68 mph ceiling for tractor trailers Shippers see need to upgrade technology for managing transportation USDA takes closer look at methyl bromide for treating wood packaging Oak Hill buys Arnold Logistics, plans expansion CBP sets enhanced bonding requirements U.S. permits imports of Kenyan peas Welch's picks ClearOrbit for RF and labeling software Port of Long Beach's TEUs flat in September Port of Houston improving access controls

	web site
OCTOBER 24, 2006
Supplier grabs Houston business Quiet trading in US Gulf despite softening prices but one supplier taking a substantial chunk of the action. California ports clean air plan due for release next week Far-reaching provisions attracting criticism as ports prepare final draft for release and approval. South Africa to get new bunker barge operator Two brand new double-hulled barges to boost South African firm's bunkering profile. JV invests in Grimsby bunkering facility Significant investment made to provide new bunkering facility at UK fishing port. Rotterdam market stable Tuesday morning Hong Kong bunker firm on the move Japan: Bonded stocks strong on weak demand Bonded bunker stocks to remain high despite Saudi Arabia cutting oil shipments to Japan. Doubts cast over OPEC cuts Analysts think OPEC will struggle to fulfill the 1.2 million bpd cut