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Shipping News

Keppel completes upgrade of floating oil facility
Keppel Shipyard yesterday completed the upgrade and modification of a floating production, storage and offloading (FPSO) vessel for Malaysian offshore support vessel charterer Bumi Armada, a repeat customer.
Shipping costs for commodities set to peak next year
Commodity shipping costs will rise to a record in 2008 before falling as the number of vessels outpaces demand, Baltic Exchange chairman Michael Drayton said.
Shipwreck analysis pioneer dies at 83
J Richard Steffy, who made his living as an electrical contractor until he was 48, then cast security aside to pursue his passion, studying shipwrecks, and become a leading expert in the field, died last Thursday in Bryan, Texas. He was 83.
Vietnam ferry service to start soon

Strait Talk

Mitropoulos continues his mighty mission
IT SEEMS only yesterday that Bill O'Neil stepped down as secretary-general of the International Maritime Organisation (IMO) and Efthimios Mitropoulos took over as head of this London-based specialist United Nations agency. But in fact it has been four busy years, and last week the IMO Assembly unanimously confirmed the decision of the organisation's council to extend his term of office.

web site

Shipping News

Keppel completes upgrade of floating oil facility
Keppel Shipyard yesterday completed the upgrade and modification of a floating production, storage and offloading (FPSO) vessel for Malaysian offshore support vessel charterer Bumi Armada, a repeat customer.
Shipping costs for commodities set to peak next year
Commodity shipping costs will rise to a record in 2008 before falling as the number of vessels outpaces demand, Baltic Exchange chairman Michael Drayton said.
Shipwreck analysis pioneer dies at 83
J Richard Steffy, who made his living as an electrical contractor until he was 48, then cast security aside to pursue his passion, studying shipwrecks, and become a leading expert in the field, died last Thursday in Bryan, Texas. He was 83.
Vietnam ferry service to start soon

Strait Talk

Mitropoulos continues his mighty mission
IT SEEMS only yesterday that Bill O'Neil stepped down as secretary-general of the International Maritime Organisation (IMO) and Efthimios Mitropoulos took over as head of this London-based specialist United Nations agency. But in fact it has been four busy years, and last week the IMO Assembly unanimously confirmed the decision of the organisation's council to extend his term of office.

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China Shipping Group to sell stake in Yangshan Logistics Park to CSCL Shanghai's ZPMC develops automated terminal de/stuffing system Shanghai truckers form alliance to provide China-wide logistics IMO to impose convention against bunker pollution next year Hamburg port expects to see sales growth of 10pc in 2007 Containerised grain lifts Kaohsiung volume 4.7pc to 8.4 million TEU EU bans 125 airlines from flying into European airspace Continental sees load factors fall in November India airfreight needs massive investment, says aviation minister

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Chennai's AMET charts its courses to excellence Bhutan withdraws ban on Indian poultry BILLIONS of dollars to roll in for investments Move to shrink trade gap with Bangla Rs 80 cr. to assist Sethu coastal communities World Bank to help Andhra develop infrastructure IPA accepts port workers' bonus demand in principle Jawahar Customs adopts several new trade facilitation measures Transworld Logistics despatches OOCL's 1st export consignment from ICD-Ankleshwar NHAI swings into action to make Golden Quadrilateral 6-laned Exports post amazing 36 pc growth in Oct. Govt may scrap SEZ area ceiling of 5,000 ha Kamal Nath fancies India-US trade pact Textile industry projected to grow by 16 pc

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DECEMBER 4, 2007
Ramey Peru, CFO, to leave Swift Transportation CMA CGM acquires US Lines Etihad lands in China KGL Port International eyes Montenegro Railways Victorinox wins Swiss Logistics Award 2007 EU ministers reject 25 m giant trucks

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DECEMBER 4, 2007
CMA CGM buys US Lines Swedish club's 15% P&I increase LR buys intermodal consultancy HK ship fined for tiny Canadian spill EC sends opinions on port security EU acts on seafarers' certificates

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DECEMBER 4, 2007
New cold ironing solution from Siemens Aries Marine signs LOI for double skinned PSV's Puerto Rico gets a floating dry dock Vroon orders bulkers in China Keppel completes FPSO upgrade

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DECEMBER 4, 2007
Shipping firms form queue for London listing LONDON Stock Exchange proves major attraction for companies with capital on their minds. Hellenic IPO raises $60m Ship emissions debate takes IMO to Bali IMO officials to attend UN climate change conference as pressure grows for inclusion of shipping emissions in new deal. China beefs up shipyard capacity LAUNCH of two new yards in Zhejiang province will add 800,000 dwt capacity per year. Financiers at the ready as maritime margins stack up AN investment of €27bn in new vessels has changed the relationship between bankers and owners in Italy. Rethinking deadlines THE IMO's decision to delay the implementation of the ballast water convention will surely be met with a lot of relief.

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DECEMBER 4, 2007
Teekay spin-off seeks NYSE listing Teekay Corporation offshoot Teekay Tankers has filed for an initial public offering and a listing on the New York Stock Exchange under the symbol 'TNK' Big Apple port sues over lost deal AIG-owned Ports America outbid the Big Apple's port authority this week for an abandoned government terminal in Bayonne ' and now the matter is in the courts Fredriksen companies agree deal TWO companies controlled by Norwegian tycoon John Fredriksen have reached a deal over ship charters, with a third Fredriksen outfit selling two of the ships concerned HHI to build from Philippines HANJIN Heavy Industries will take advantage of cheap operating costs to build various vessels in the Philippines Philippine fruit exports go bananas PHILIPPINE bananas continue to make inroads into foreign markets, making the port of Davao the busiest gateway for the country's fresh fruit trade GDF extends Algerian LNG deal GAZ de France today secured new LNG supplies from Algeria by extending an agreement to buy LNG from Algerian state energy group Sonatrach to 2019 Forth STS to be smothered at birth Hose probe puts three in court Color Line hammered by booze ban Bharat exits Shell joint venture Ransoms are fuelling Somali piracy Political cloud defers Petrolift IPO Bumi's global offshore quest Polluter pays $10 per litre

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DECEMBER 4, 2007
Mineta calls for sweeping U.S. maritime changes, sustained federal funding The former Transportation Secretary called for consolidation of all federal government maritime agencies and functions into a single body with a dedicated funding source. TWIC sign-up expanded Report: TSA better at handling security information Pilot suspended, feds sue over Cosco Busan spill Don't blame China for import safety: Johnson Refrigerated Holdings acquires New Jersey 3PL Tacoma hosts largest car carrier Thomsen to join Clipper More delays for LA's TraPac India-Mideast lines up fuel fees DuVoisin joins Port of Halifax

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DECEMBER 4, 2007
Melbourne establishes Australian milestone CMA CGM confirms US Lines acquisition Maersk add vessels but reduce speed: Asia ' Europe US Coast Guard to re evaluate Indonesia's Belawan Terminal Southampton accredited with ISO security standard

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DECEMBER 4, 2007
Pirates cornered US and German naval vessels have reportedly cornered the Somali pirates who hijacked the Golden Nori. Lakes bulker grounds The Mississagi grounds in Michigan but later frees itself from shoal. Statoil is seismic charter Oil and gas player signs $327.78m contract to charter six vessels to study Norwegian continental shelf. B Duckling fixed As it hits the Nasdaq stock exchange, Star Bulk Carriers announces a two-year time-charter for the capesize B Duckling. Matson vessel damaged A rescue tug escorts the Kauai to Seattle as heavy storms batter the coast of Washington state. Aries Marine orders PSVs US offshore vessel owner orders two platform supply vessels at compatriot Eastern Shipbuilding Group. cots-Irish link could be revived UK to study relaunch of Campbeltown- Ballycastle run eight years after it closed. Dolphin thinks bigger India's Dolphin Offshore Enterprises looking to get into shipyard market for large ships and jack-up rigs. GE tanker for repairs in UK Ship delivered to GE Shipping in April suffers 'malfunction of main engine turbochargers' off Orkney. One missing from ship in UK Search continues for Irish trainee cadet who vanished from Arklow Shipping vessel in Wales on Sunday. Vinashin launches ferry run Vietnamese company could buy second ship next year for start-up north-south service. Opec outlook bleak for owners Falling crude prices have made output rise announcement less likely at Wednesday's meeting. Smit nets $295m windfall Big-spending owner boosted by loan from consortium of banks. SFI sells suexmaz pair Bjorn Sjaastad-led Frontline to receive $33m in compensation for early termination of charters on 1991-built units. SCI inks handy sextet State-owned giant orders six handysize bulkers at STX only 24-hours after securing government backing for the deal. Rimorchiatori bags two Italian offshore owner returns to Spain's Armon shipyard for two new units. Pirates kill one off Nigeria Another injured as crewboat said to be operated by ExxonMobil comes under attack in Niger Delta. Karamanlis welcomes IPO cash Hellenic Carriers chief hails London listing as a new dawn for the well-connected bulker player. Lukoil bags ice queen Russian oil major returns to Keppel to ink FSO in a $93m deal. Prima picks up sixth Finnish owner adds another small general cargoship with deal in the Netherlands. Grimaldi heads Tirrenia chase Naples giant thought to be leading a takeover bid for state-owned ferry operator after Italy's economy minister seeks advice on a sale. Vroon confirms Dalian bulkers Market talk linking Dutch owner to post-panamax order in China proves spot on. Severnav on the up Turnover rises at Romanian yard as it seeks to land another tanker deal from Greece's Aegean Marine. Golden ties-up two John Fredriksen dry bulk outfit secures period employment for two of its chartered in panamaxes. Color loses licence to swill Two Norwegian ferries have liquor permits withdrawn for two months after serving drunks. Samskip snaps up Icepak Icelandic container line broadens logistics reach with purchase of UK reefer player. Teekay looks to raise $170m Tanker operator sets offer price for Teekay Tankers spin-off at between $17.50 and $19.50 per share. CSCL in line for $2.1bn China Shipping Container Lines (CSCL) looks set to earn big bucks from its domestic share issue. Feeders introduce surcharge Containership players to implement trade surcharge on cargoes between Colombo and Chennai.

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DECEMBER 4, 2007
Wan Hai joining two Maersk transpacific services Westbound transpacific volume, Europe rates help China Shipping Evergreen, Zim ending Asia/U.S. East Coast loop Singapore company makes $736.5 million boxship order with HHI Stolt-Nielsen indictment dismissed Sovkomflot plans IPO Iran/Africa services planned New shipping index begins trading San Francisco Bay oil spill: Vessel pilot suspended, feds file suit Linsin joins Blank Rome Bach to the future: NWA's new cargo chief puts focus on freighters November cargo gains for Continental, United Forward Air completes acquisition of Black Hawk CN announces 5 million-share buyback USF Holland adds next-day delivery to 26 U.S. lanes InterBulk Group buys 200 bulk boxes from Container Leasing (UK) Aerospace industry seeks to standardize C-TPAT process China ready to accept Brazilian pork Report: Merger activity high in transportation and logistics Ports America Group Purchases Bayonne port property Antillean Marine confirms Port Everglades switch Panama Canal awards second major excavation contract

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DECEMBER 4, 2007
Master Ferries and Fjord Line merge to Fjord Line Fjord Line and Master Ferries will merge and become Fjord Line from January 1st 2008, with Fjord Line as the acquiring company. The merged company plans a listing on the Oslo Stock Exchange (OSE) sometimes in 2009. Through the merger ... Nordana Line orders more in China Nordana Line in the Dannebrog Group has exercised options for a further six multipurpose units from China. The order is for combination carriers capable of carry some 600 TEUs as well as various heavylift and project cargoes. The ships will ... Mols-Linien offers a floating link across Denmark Mols-Linien's CEO Preben Wolff is now offering a floating bridge between Aarhus and Sjællands Odde as an alternative to a second fixed link between Jylland and Sjælland. "If the government will provide with the necessary roads especially on Sjælland ...

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DECEMBER 4, 2007
Calls for tighter controls on ship-to-ship oil transfers UK legislator says there is a need for more effective legislation. Inland fuel prices boost maritime transport Container shipping line sees profits grow as companies switch from trucks to ships. Singapore supplier charters extra storage Surge in fuel oil cargoes from South Korea. More Aegean shares for sale Use of over-allotment option increases value of two shareholders' secondary offering to more than $287 million. Rotterdam market very quiet at midday PetroChina takes over Hong Kong supplier Deal formally concluded, turning Hong Kong supplier into a subsidiary of the Chinese oil firm. Singapore: Total Oil welcomes new bunker trader China's fuel quality 'good for now' DNVPS says 2006-2007 bunker samples from China compare favourably with Singapore.