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Shipping News

HK terminal operators to impose port security charge
HONG Kong's five container terminal operators have reached an agreement with the territory's shippers to implement a port security charge from mid-August to cover additional security measures.
India may ease rules on wreckage insurance
INDIA is looking at ways to ease new rules that demand ships entering its ports are covered by government-approved insurers against wreckage.
Tianjin Port to build container-stacking yard
TIANJIN Port Development Holdings Ltd, which runs China's fifth-largest container port, said it will build facilities in the country with Cosco Pacific Ltd and AP Moller-Maersk A/S for handling cargo boxes.
Fate of Mazda cars aboard listing ship uncertain
Profits seen falling at Japan's shipping firms
Indian copters rescue stranded Indonesians

Admiralty Casebook

Need for epoxy coating on cargo tanks upheld
ATERM in a voyage charter fixture note that cargo tanks were epoxy coated meant the coating had to be in sound condition and any coating that had broken down by as much as 40 per cent cannot satisfy such a term, the Singapore High Court ruled last month.

web site

Shipping News

HK terminal operators to impose port security charge
HONG Kong's five container terminal operators have reached an agreement with the territory's shippers to implement a port security charge from mid-August to cover additional security measures.
India may ease rules on wreckage insurance
INDIA is looking at ways to ease new rules that demand ships entering its ports are covered by government-approved insurers against wreckage.
Tianjin Port to build container-stacking yard
TIANJIN Port Development Holdings Ltd, which runs China's fifth-largest container port, said it will build facilities in the country with Cosco Pacific Ltd and AP Moller-Maersk A/S for handling cargo boxes.
Fate of Mazda cars aboard listing ship uncertain
Profits seen falling at Japan's shipping firms
Indian copters rescue stranded Indonesians

Admiralty Casebook

Need for epoxy coating on cargo tanks upheld
ATERM in a voyage charter fixture note that cargo tanks were epoxy coated meant the coating had to be in sound condition and any coating that had broken down by as much as 40 per cent cannot satisfy such a term, the Singapore High Court ruled last month.

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MISC joins Asia-Middle East service Yangtze rated world's busiest river for cargo UPS' net income rises 7.6pc in Q2 Phoenix spreads wings in Indian subcontinent Evergreen Group chairman awarded CBE for services to British shipping Hactl welcomes AA decision to consult operators on cargo terminal expansion China air cargo, mail volumes up 11.5pc in H1 Swiss WorldCargo outsources ULD management to Jettainer

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JOIDES Resolution drills deep to success From shrimp frying pan into fire! DGFT allows vanaspati imports from Lanka under FTA Trawling ban may spell Rs 300 cr. loss to exporters 35,000 t soyameal exported to Pakistan this month Adanis serve one from the heart! Vizag Port betters own record in 3 days! ICDs, CFSs among 10 services given tax breaks Golden Quadrilateral almost complete CBEC denies exporters 4 pc CVD exemption on imports Gujarat SEZ Development Authority gives nod to slew of projects Aftershock! Quake aftermath triggered industrial boom Infrastructure sector projected to attract Rs 3,20,000-cr. investments in 6 years Project cost limit under TUFS to be doubled Call to use Baltic nations as gateway to EU, CIS markets

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JULY 27, 2006
Coeclerici renews board of directors Evergreen enters slot-charter agreement with Hanjin BAWC launches constant climate Closer cooperation between Railion and PKP Cargo Solid UPS growth in Q2/2006 Hope for expansion of Germany's Elbe-Lübeck canal ABS launches new version of CSR SafeShip Canada to host 23rd international air cargo forum and exposition

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JULY 27, 2006
GL's good detention record Weaker Q2 for Nordic American ICTSI wins Syrian port contract Stolt-Nielsen continues court battle to keep immunity

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JULY 27, 2006
Kirby reports recor net, buys Capital Towing assets Ballasting problem suspected in Cougar Ace incident ACL execs get new roles Piracy still a serious menace FORAN picked for UK carrier project

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JULY 27, 2006
IKEA marks groundbreaking for new store in Portland "K" Line adding service from Asia to Gulf of Aden/Red Sea Corps holding public meeting detailing Columbia Jetty repair plans TSA announces plans to screen Canadian/Mexican truck drivers Burlington Northern breaks records with earnings during second quarter

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Nigeria oil exports hit by Shell shutdown A QUARTER of Nigeria's tanker export capacity has been shut down after Royal Dutch Shell called force majeure on its Bonny August loadings and kept its Forcados and EA terminals closed. Greece looks to build on trading links with China Greece's prime minister Costas Karamanlis yesterday hailed maritime co-operation between China and Greece as an example that could drive greater trade ties between the two nations, now amounting to about $2bn a year, writes Nigel Lowry in Athens. Ballast water rules 'could have caused Cougar Ace casualty' RULES designed to protect the marine environment could have caused the car carrier Cougar Ace to roll on to its side, write Janet Porter and Marcus Hand. 'Fundamental shift' likely in gas market THE senior US energy regulator has warned that the impact liquefied natural gas has on storage could mark "a fundamental shift in the overall gas market", writes Tony Gray. StealthGas chief more bullish on LPG THE liquefied petroleum gas sector is headed for an extremely strong but unexpected market over the coming weeks and beyond, according to a leading Greek shipowner.

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JULY 27, 2006
Hapag takeover 'makes sense' COPENHAGEN 27 July ' A takeover of Hapag-Lloyd's container shipping business by AP M'ller-M'rsk from German tourism specialist TUI ' as has been rumoured this week ' makes sense, according to one observer Ghost fleet exorcisms continue EXORCISMS from the US Maritime Administration's James River Reserve Fleet continue as another ghost leaves for the breaking yard today Tsavliris Russ loses CP claim THE owner of the shuttle tanker Sea Angel, which was chartered in by Tsavliris Russ to assist in the Tasman Spirit operation, has won a claim against the salvor RCCL sees softening ahead HIGHER costs drove down second-quarter profits at RCCL despite stronger-than-expected yield growth, and the company confirms there could be challenges to come EC to probe SNCM privatisation EC transport commissioner Jacques Barrot has launched an investigation into the privatisation of French ferry operator SNCM Alliances combine for Asia-USEC service PARTICIPATING lines of the Grand and the New World alliances are expanding their existing Asia-Europe trade pact with the addition of an Asia-US East Coast route Tata Steel in NYK shipping venture Boxes overboard cost owners $3M Further backing for sea motorways PSA listing rumours resurface Canadian wheat future in debate Stolt renews its appeal Titan tug to tow Cougar Ace Cougar Ace probe targets ballast work

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JULY 27, 2006
CKYH launch Savannah-Asia express Cosco, "K" Line, Yang Ming and Hanjin Shipping have added the Shanghai/Savannah Express, a new service between Asia and Savannah. Swift hearing for Connaughton Trade groups urge rebalance for Customs tasks MOL suspects ballast water in car carrier listing Inland demand carries American Commercial Lines to net gain Boxship lines to pay fine Mass. court tosses state barge oil spill law KAL launches Miami flight Zim opens Kolkata service Gdansk hub orders cranes DHL Japan in 'green' initiative

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JULY 27, 2006
Asia and Baltic drive Hamburg box boost Hamburg saw H1 container volumes rise by 10.7%, to a record total 4.2m TEU, driven by Asia ' particularly China - and Baltic transhipments, with HHLA also powering ahead 17.3% year-on-year. Tianjin Port to invest US$63m in Beigangchi Hong Kong-listed Tianjin Port Development Holdings announced today that it would invest RMB504m (US$63.2m) to build three berths with COSCO Pacific and AP Moller-Maersk Group in the port of Tianjin. Pounding sea takes its toll on stranded Agulhas ANL in rapid global expansion Korean shipbuilders clinch more orders Shekou says decline due to Maersk's P&O acquisition Oman prepares for opening of latest Gulf terminal Tartous to get box-terminal, with ICTSI concession award Poland's northern maritime gateway puts on 24,300TEU in H1 Zeebrugge books 9.9% H1 box rise 'A2' road moves east, extending German ports' access through Poland

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JULY 27, 2006
CMB trails Belgian shipping group down from first quarter and from first half of 2005. Beating the Street Three tanker companies in three days have produced better earnings than Wall Street analysts predicted, raising the question 'why'? Costs still curbing RCCL US cruiseship giant's first-half profit slashed as fuel bills escalate. Salvors heading to Cougar Ace Mistakes in adjusting the ballast tanks believed to be behind dramatic listing of car carrier. Tidewater triumphs in Q1 Strong start for world's biggest offshore ship owner as earnings and revenues soar. Owners warned on ratings Union leader Berlau says flag-of-convenience pay talks depend on deal on jobs for 'rich world' seamen. Soft rates nip NATS Profit down at US suezmax player Nordic American Tanker Shipping but rates expected to strengthen. Keppel delivers profit leap Investors to benefit as shipbuilder ups half-year dividend to 12 cents per share. Master set free Fujairah court releases captain and five crew members of Champion Pioneer after murder decision overturned. Horizon ship hits rocks Containership owned by US-listed Horizon Lines collides with rocks off the coast of Florida. Tokyo Gas signs with NYK Japanese owner wins its first exclusive LNG ship contract with expanding utility company. Swissco orders again Singapore owner adds Chinese offshore support vessel to orderbook. Petrojarl in muted debut Norwegian FPSO owner sees profit drop in first half after completing de-merger from PGS. Boxship runs aground in Suez Heavy fog causes Orient Overseas Container Line vessel to ground on sand bank for one hour. ICTSI goes to Syria Philippines ports operator wins 10-year concession to run Tartous Container Terminal. Seacor keeps steady course More income and revenue progress for NYSE-listed tanker and offshore owner Seacor Holdings. Euroseas takes Torm bulker Greek bulker and boxship owner to lift fleet to eight ships with purchase of panamax Torm Tekla. Another record for Kirby First-half profit hits new high as US barge giant seals takeover of Capital Towing's fleet. Piracy levels unchanged Anti-piracy watchdog says number of attacks in first half of 2006 unchanged from twelve months ago.

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JULY 27, 2006
Maritime group criticizes GE for container security approach TUI's shares jump after Maersk takeover speculation $3.25 million settlement for cargo washed overboard Crowley to salvage MOL ro-ro vessel Maersk changes Lacas service NYK, Tokyo LNG Tanker to jointly own LNG carrier Van Weelde opens New Orleans office Tornqvist joins Trade Ship Lufthansa's 2nd-quarter profits up 58% IATA: World air freight up 5.4% after six months CBP stops mushroom shipment infested with slugs DHL wins Masters Pharmaceutical contract New chairman for Singapore Airlines Cargo Norfolk Southern's profits down 12% RailAmerica's profits slide 16% GAO knocks BIS method of monitoring "dual use" exports Japan re-opens borders to U.S. beef imports USTR chief hits road to resurrect support for Doha APL commits to Oakland for 15 years, maybe more ICTSI wins Tartous, Syria port concession Port of Camden saw cargo growth

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JULY 27, 2006
Future of black market supplier uncertain Authorities reportedly seizing assets and disbanding smuggling ring. No spill yet from listing car carrier Coast Guard reporting fuel tanks secure for Mitsui ship in difficulty off Alaska. FAMM committed to Greek market despite asset sale Sale of Greek fuel storage and lubricant blending plant should not affect FAMM's marketing activities. Aegean affiliate acquires fuel terminal and lube blending plant Deal could provide Aegean with new bunker storage and marine lubricants blending capacity. Oiltanking and Stolt-Nielsen finalise Antwerp terminal JV Stolthaven Terminals BV has acquired a 50% interest in Oiltanking Antwerp N.V. Rotterdam market firming Thursday morning Singapore: Stocks of residual fuels at record high Singapore storage tanks are filled to the brim while fuel oil cargoes remain on the water. Reports: Three Japanese shipping firms to post lower Q2 profit High bunker costs and slow recovery in container freight rates expected to weigh down on pretax profit. Heavy fuel oil inflows flood Singapore market Fuel oil traders rush to clear storage space to accommodate fuel oil cargoes stranded offshore Singapore. SPC announces higher Q2 profit Refining margins expected to trend lower in the second half of 2006, company says.