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Shipping News

Tanker owners may have to pay for scrapping
TANKER owners may soon be faced with the prospect of having to pay to have their ships scrapped due to the combination of an impending international ship scrapping convention and accelerated VLCC scrapping leading up to 2010.
New IMC award goes to Frank Tsao
FIVE new awards were introduced at this year's Singapore International Maritime Awards to honour individuals and companies that have made outstanding contributions to Singapore's development as an International Maritime Centre.
Opening hand-shake
MARITIME and Port Authority of Singapore chairman Peter Ong and Singapore Exchange's senior executive vice-president and head of markets Gan Seow Ann taking part in the exchange's market opening ceremony, held in conjunction with the 5th Singapore Ship and Offshore Finance Forum.
Death ship SS Stockholm gets new life as Athena
Suez authority wants fee to release tanker

Strait Talk

Governments and independent groups can fight piracy together
SITTING in the grand surroundings of the UK's National Maritime Museum at Greenwich, London last week, the realities of piracy seemed rather remote, at first.

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Shipping News

Tanker owners may have to pay for scrapping
TANKER owners may soon be faced with the prospect of having to pay to have their ships scrapped due to the combination of an impending international ship scrapping convention and accelerated VLCC scrapping leading up to 2010.
New IMC award goes to Frank Tsao
FIVE new awards were introduced at this year's Singapore International Maritime Awards to honour individuals and companies that have made outstanding contributions to Singapore's development as an International Maritime Centre.
Opening hand-shake
MARITIME and Port Authority of Singapore chairman Peter Ong and Singapore Exchange's senior executive vice-president and head of markets Gan Seow Ann taking part in the exchange's market opening ceremony, held in conjunction with the 5th Singapore Ship and Offshore Finance Forum.
Death ship SS Stockholm gets new life as Athena
Suez authority wants fee to release tanker

Strait Talk

Governments and independent groups can fight piracy together
SITTING in the grand surroundings of the UK's National Maritime Museum at Greenwich, London last week, the realities of piracy seemed rather remote, at first.

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ZIM to provide shorter transit times on express service EU's Competitiveness Council backs proposal to ban liner conferences Second phase of Changsha Ningxia port opens Fuzhou starts building maritime centre Orange renews contract with Kuehne + Nagel FedEx revamps web site Sinotrans, China Southern to offer handling services at Shenyang airport CR Airways receives 737 Team UPS formed for US Defence contract bid

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Amfico Agencies to get Chemline knowhow MOL to open seafarers' training centre in Pune CSL upgrades ONGC rig Modi tempts Japanese with exclusive SEZ plots Nath beckons Japanese SMEs MbPT to open bids for bulk terminal project on Oct. 16 KPT awaiting BoA's nod for Rs 7,300-cr. Port-based multi-product SEZ Manoranjan Kumar takes charge as Dy Chairman of KPT CONCOR may race past Rs 30,000-cr. turnover in 2006-07, projects Anil Gupta Friends Container Terminal at Waluj celebrates 1st anniversary Plan panel wants cold storage hubs developed at airports Rlys Freight Corp. of India to be registered Reliance strikes gas off East coast Blast victims given monetary aid

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SEPTEMBER 26, 2006
Zankel to set up cargo-partner Hong Kong office FastShip to issue tender for trans-Atlantic cargo capacity Hanseflug full-freighter services to China IRS acquires Trinity's European rail business Norbert Dentressangle with strong H1/2006 revenues

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SEPTEMBER 26, 2006
Frontline cashes in on newbuilding sale Teo calls for IMO change Chiquita ponders fleet sale Marshalls passes 34m gt mark Stolt-Nielsen get support for US court battle Intertanko puts forward stop-gap scrapping code

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SEPTEMBER 26, 2006
VT Halter lands $199 million Navy award VT Halter to build NOAA SWATH Chiquita may sell Great White Fleet

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Braemar may sue Clarksons over S&P broker move LONDON-listed broker Braemar Seascope is threatening legal action after two star sale and purchase brokers transferred allegiance to rival firm Clarksons. Frontline VLCC sells for record $141m A RECORD second-hand price of more than $140m is being paid for a new VLCC as the tanker market prepares for the lucrative winter months. Old capesizes boost 2009 dry bulk rates ALTHOUGH slackening next year, dry bulk shipping should experience an upturn in 2009 when 100 capesizes hit the 25-years-old barrier and face scrapping, says Keith Denholm, director of Pacific Carriers. Siba Ships mulls listing to finance fast expansion BRESCIA-based Siba Ships, the ambitious livestock carrier now branching out into other segments of the industry, may go public in a bid to finance its expansion plans.

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SEPTEMBER 26, 2006
Prepare for a rough ride, warns Maersk HAMBURG 26 September ' Liner shipping faces a tougher trading environment than it has been expecting, warned Jorgen Engell, executive VP of AP Møller-Mærsk Group, yesterday Russia may divert Shtokman gas PRESIDENT Putin has cast uncertainty over the development of the Shtokman field by suggesting that LNG shipments could be sent to European, rather than US, markets EU adds Balkan maritime assets CONFIRMATION that Romania and Bulgaria are to be admitted to the EU from January 2007 will see two countries with sizeable maritime industries joining the bloc Stolt finds nine faithful friends NINE groups, including the country of Luxembourg, have sided with product tanker operator Stolt-Nielsen by filing amicus curiae briefs with the US Supreme Court Refloated Toro will need repairs THE Greek bulk carrier Toro will have to undergo repairs to its hull before it can sail again, a damage survey of the ship has determined Chiquita could sell Great White ships SAGGING fruit prices, a scare over fresh spinach and plummeting stock prices may well spell the end of the Great White Fleet IMO must be flexible on class rules Solid-state radar 'could be like Intel' Box ship speeds 'must fall': GL French, Italians move in on CNAN Frontline banks $59M from VL sale Arntzen cites takeover benefits Leper ship homeward bound

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SEPTEMBER 26, 2006
Vancouver widens container lead Modest growth in TEUs through August at Seattle and Tacoma (left) fail to keep pace with 25%-gain at the western Canada gateway. FMC investigating three New York intermediaries Customs slates ACE meeting Chiquita to sell fleet Ga. ports OKs contracts DHL facing UK strike Cochin cuts truck charges Panama Canal briefs industry on expansion plans Concor revenue to gain 18% Cargolux trims fuel fee Hellmann signs with ProLogis

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SEPTEMBER 26, 2006
US Treasury Secretary urges Senators to avoid Chinese trade sanctions US Treasury Secretary Henry Paulson will meet with Senators Charles Schumer and Lindsey Graham today to urge them to stand down proposals to impose a 27.5% tariff on Chinese imports. Malaysian port aims for critical hinterland cargo mass Port of Tanjung Pelepas CEO Harun Hj Johari says the port can reach the critical mass in hinterland cargo which it needs to attract more feeder lines to the port. EC permits Czech to compensate inland transporters for low water-levels Ashdod finishes dredge to 15.5m, in bid for post-panamax vessels SIPG IPO due late next month Box figures figure less, in first ABP volumes after de-listing Competition heating up in expanding Busan Port Marseilles-Fos growth still restrained

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SEPTEMBER 26, 2006
Here comes Ultrapetrol Diversified barge-offshore-tanker-OBO-cruise owner is moving forward with bid to become first South American owner to list in New York. End to Bora hora Aries will get tanker back next month after $1.3m in repairs, but faces $2.8m more in revenue cuts for quarter due to other off-hire days. Greenpeace blocks Probo Koala Green activists prevent tanker leaving Estonian port after it was linked to deaths in Ivory Coast caused by toxic slops. OSG set to earn more Dahlman Rose notches up earnings expectations for Overseas Shipholding Group from fourth quarter through 2008 based on Maritrans buy. Friends rally to Stolt Law associations, trade groups and Luxembourg file supreme court amicus curiae briefs backing Stolt-Nielsen amnesty battle. Teco to revive Davie Norwegian running repair company to take over bankrupt Canadian yard. KGs eye more LNG Dr Peters chief Jurgen Salamon says gas business will become increasingly important to German financiers in coming years. Basil goes offshore Papachristidis' KG venture orders four PSVs in bid to capitalise on booming energy markets. Tough times ahead Speaking at SMM in Hamburg, Maersk's finance chief Jorgen Engell sees problem with box shipping demand lagging behind supply. Bigger than ever SMM organisers turn away exhibitors as Hamburg event sells out. Marco postpones new service Dubai owner blames 'technical reasons' for another delay in launching ferry run to India. Siem sells trio Norwegian owner offloads standby ships to domestic rival Sartor Shipping. Frontline banks $59m resale profit Norwegian owner confirms it hit the jackpot with sale of 2006-built VLCC Front Beijing.

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SEPTEMBER 26, 2006
Chiquita mulls sale of banana ships IPBCC carriers to raise rates from Med Competitiveness Council backs end to liner conferences A.P. Moller salvage company extends Adsteam offer period CBP, Coast Guard try to improve interoperability Carriers to merge Asia/Australia services Katims takes new job at Kings Point FedEx to buy 90 757s to replace older aircraft New portal for LTL cargo Avion Group's profits down Philippines confiscates smuggled pork shipments Police raid counterfeiting factory in Italy California container tax vetoed Industry groups protest Senate bill proposing tariff on Chinese imports Dow asks MSU for supply chain security check up LauritzenCool Logistics establishes Turkish joint venture Orange UK extends, expands contracts with Kuehne + Nagel Ports will split $168 million in security grants Georgia Ports Authority O.K.s contracts to lift Savannah's capacity

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SEPTEMBER 26, 2006
Hurtigruten Group agrees refinancing Hurtigruten Group, which runs the Coastal Express service from Bergen to Kirkenes, has agreed refinancing of NOK 3.3 billion (EUR ... DS Norden sells one and orders five Dampskibsselskabet Norden A/S (DS Norden) have been on the sale and purchase scene, according to international broker reports. Several ... Maersk buys oil licenses in the Mexican Gulf Maersk Oil & Gas has purchased a number of exploration licenses in the Mexican Gulf. It is the first time Maersk ...

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SEPTEMBER 26, 2006
Jamaica thanks IMO Port and bunkering expansion benefiting from technical cooperation. Singapore: ExxonMobil wins Bunker Award Company gains recognition for its commitment to quality standards, quantity assurances and customer satisfaction in the local bunkering industry. Cleaner, leaner and meaner New marine diesel engines are smaller but more powerful, more fuel efficient and promise reduced emissions. Castrol Marine upgrades Shanghai service "The rapid growth of the Port of Shanghai is synonymous with the boom of the Chinese economy as a whole and Castrol Marine is committed to supporting this augmentation," says Castrol. Krystallon launches new emissions measuring system Advanced electronic 'nose' integrated with Krystallon's seawater scrubbing technology. Chemoil announces IPO launch Public Offer during period September 27 to October 2 expected to raise up to $356 million net, with $285 intended for new investments. ARA market firming, prompt product still tight Oil prices likely to decline further, report says OPEC maintains output at 28 million bpd, bunker prices tumble in line with crude. Singapore readies for major bunkering conference Bunkerworld team out in force to meet delegates at SIBCON 2006, part of Singapore's inaugural Maritime Week events.