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PSA, NOL eye Vietnam's growing logistics and transport sector
TWO of Singapore's biggest transport-related groups, PSA International and Neptune Orient Lines , are focusing much attention on Vietnam, which they see as one of the world's fastest growing locations for the logistics and transportation business.
Newcastle coal vessel queue lengthens to record 69 ships
THE queue of ships waiting to load coal at Newcastle, Australia, the world's biggest coal-export harbour, increased to a record 69, lengthening delays and raising costs for producers and buyers of the fuel.
Precious expects higher 2007 profit
PRECIOUS Shipping, Thailand's largest shipping firm, said yesterday that it expected its 2007 net profit to top last year's 3.72 billion baht due to higher freight rates and the sale of ships.

Strait Talk

Fewer lost ships, but more accidents reported
THE marine insurance industry has just produced some figures which, at first sight, look like very good news.

web site

Shipping News

PSA, NOL eye Vietnam's growing logistics and transport sector
TWO of Singapore's biggest transport-related groups, PSA International and Neptune Orient Lines , are focusing much attention on Vietnam, which they see as one of the world's fastest growing locations for the logistics and transportation business.
Newcastle coal vessel queue lengthens to record 69 ships
THE queue of ships waiting to load coal at Newcastle, Australia, the world's biggest coal-export harbour, increased to a record 69, lengthening delays and raising costs for producers and buyers of the fuel.
Precious expects higher 2007 profit
PRECIOUS Shipping, Thailand's largest shipping firm, said yesterday that it expected its 2007 net profit to top last year's 3.72 billion baht due to higher freight rates and the sale of ships.

Strait Talk

Fewer lost ships, but more accidents reported
THE marine insurance industry has just produced some figures which, at first sight, look like very good news.

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MOL to start new S China-Japan box service TS Lines to start intra-Asia CMX line soon CSCL to work with rail firm to move boxes overland Washington state box tax deferred, revised bill opts for more study PSA's 2006 profit soars 14pc as offshore volumes surpass Singapore's Sabah to open new container port in April EU funds to drive Romania's Constanta port growth at 15-20pc a year Hamburg Sud appoints single agency for Canada UPS to cancel order after Airbus delays A380 freighter DHL Worldwide Express clinches financing deal for Wilmington hub FedEx buys stake in China's DTW Group

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MARCH 6, 2007
Fewer losses but more accidents Rozen talks underway Golden Ocean sells modern bulker MOL upgrades Japan China services

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MARCH 6, 2007
MacGregor in Vietnam joint venture OSG to build 290,000 bbl ATB's

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MARCH 6, 2007
TransPac lines seek new deal with customers LINES agree to share market intelligence and transpacific trade data with shippers. Transpac trade poised for further growth Approval had expired, Total tells Erika court OIL group admits that the 12-month approval it accorded the Erika had run out when it took the vessel on charter. STX Pan Ocean plans $800m fleet expansion COMPANY looks at dual listing on the Korea Exchange to finance some of the new vessels.

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MARCH 6, 2007
Nuclear police target ships NEW YORK 06 March ' The US Nuclear Emergency Support Team (NEST) has deployed against at least three perceived threats involving commercial vessels in the past two years, according to the New Yorker magazine Appalling conditions delay ferry link CELTIC Link Ferries' new Portsmouth-Cherbourg service has been delayed by the poor condition of the vessel and the physical and mental exhaustion of the crew Boxship brokers work on FFA index CHARTERING brokers in Hamburg hope to make a breakthrough on forward freight agreements in the container sector this year UN hears Caribbean border dispute THE International Court of Justice is examining the Caribbean maritime demarcation between Nicaragua and Honduras that has almost led almost to war, Reuters reports Rotterdam counting cost of strike THE 240 workers at Smit Harbour Towage Rotterdam went on strike again this morning, and port customers are expected to bring their claims at any time Rescue tug brings in distressed reefer THE Pacific NorthWest rescue tug Gladiator remains at Port Angeles, in the Juan de Fuca Strait, after towing in the Fesco-operated reefer vessel Khorol Indian duty stops ore exports Megacarriers 'reaching limit' Torm undecided on Norden stake Panama expansion will hit California US urged to focus on port productivity Major shake-up at Gibraltar 'K' Line moves into chem tankers Singapore in tug release talks

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MARCH 6, 2007
West Coast waterfront employers may opt for shorter longshore contract Pacific Maritime Association chief Jim McKenna (left) says employers may seek three-year contract in order to negotiate technology upgrades. New scan-all amendment coming Port of Vancouver struggles with container backlog MOL to open U.S.-E.C. South America service Deepening for New York Container Terminal completed Maersk adds U.S.-India route Port of Rotterdam hit by tug strike Icy blast greets preparations for Seaway opening Report: KLM Cargo earns price-fixing fine Kolkata boxes up 16% Amendment seeks to codify TWIC criminal exclusions

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MARCH 6, 2007
UK's rail network operator embraces hi-cube future UK network operator Network Rail has published a series of hi-cube-container-friendly recommendations for infrastructure projects, arguing that deepsea containers passing through high-volume ports provided the most compelling business cases for investment. Updated: Russia's Severstaltrans takes control of St Petersburg terminal Russian conglomerate and former National Container Company (NCC) shareholder Severstaltrans has returned to the St Petersburg container terminal market, with acquisition of 'complete control' over the PetroLesPort terminal company. Updated: Hanjin joins Hapag-Lloyd and OOCL in collecting Vancouver congestion surcharge Updated: Smit harbour tugs quay-bound again Hapag-Lloyd and Wan Hai launches China Red Sea Service Japan's Kambara expands Japan-China coverage Savannah River to bring port authorities together? Trans Baltica Line adds Rotterdam link to Kaliningrad

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MARCH 6, 2007
Salvage cash rolls in One salvage job paid Crowley Maritime $16m in February and three big checks are expected by year's end. Glencore takes two George Kassiotis's Omega Navigation reports profit-sharing charters for two ice-class panamax newbuildings. 16% sag John Fredriksen's Frontline has fallen a bit more than it really should have. Trailer Bridge take jumps John McCown is reporting a big jump in net income at Trailer Bridge and hints at adding tonnage. Norden CFO steps back Jens Fehrn-Christensen is taking early retirement after 15 years as chief financial officer of Norden. New top lawyer at MarAd The US Maritime Administration is taking on a congressional committee lawyer as its new chief counsel. Diana raises the bar Reported acquisition of secondhand capesize for $107m by Diana Shipping is conservative by $3m. ITF slates 'appalling' ship Irish-chartered Greek ro-pax feels wrath of federation with engine room described as 'worst ever seen'. Nanjing Water seeks cash Chinese tanker owner to issue 400m new shares to fund newbuildings, backed by asset swap with parent. Crowley adds capacity US liner company beefs up Central American service with bigger, faster ro-ro. Daesun shines First tanker newbuilding orders help South Korean yard eclipse 2005 net profit. Q-Ship toasts record Qatari tanker and gas-carrier owner sees 10% profit hike achieve new profit high. Precious aims high Thai bulker owner's boss Khalid Hashim has been talking up profit prospects in 2007. Rozen crew safe But concerns remain for six Sri Lankans and six Kenyans still being held hostage by pirates at Somali port. Maersk rejigs Americas again Five months after revamping its East Coast services, Danish giant is at it again changing ports and its service partner. BLRT builds for Finland Estonian yard group wins ferry order from Aland Islands government. Grounded bulker awaits lightering Governmental approval sought to partially unload coal cargo from panamax grounded in Venezuela's Maracaibo channel. DOF orders duo Norwegian owner back at Aker Yards for two anchor-handlers, plus two options. MOL pays the rent Japanese boxship giant chartering space from Wan Hai for Japan to China service. Platou eats more ACM pie Oslo broker takes its stake in London rival to over 7% with more open market purchases. PSA profits up One-off gains help lift the bottom line at Singapore state-owned container terminal operator. NOL's rates still sliding Singapore liner operator sees double-digit increase in volumes, but gets less money per container. Losses on the decline IUMI says ship losses since 2000 have halved, but partial losses have jumped 200%.

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MARCH 6, 2007
MOL joining Hamburg Sud's South America/U.S. loop APL's average revenue continues to slide FEFC corrects peak season surcharge dates Freight boosts DFDS's profits 89% in 2006 Owner of bulk freighter to plead guilty to negligent operation INTTRA opens three new China offices OOCL adds online cargo tracking Rudolf A. Oetker receives product tanker ABS names Auger regional VP for Middle East FedEx Express expands International Priority Freight service United's February cargo down 6.1% EPA proposes plan for more stringent emission standards BTT, OOIDA reach $6.25 million settlement for owner-operators FTA boss supportive of road pricing in U.K. Indian government panel suggests online freight portal for truckloads Railion to establish joint venture with Green Cargo Saint Lawrence Seaway icebreaking start date set Kuehne + Nagel opens logistics center in Melbourne, Australia ASM happy with SADH U-turn DP World submits terminal proposal for Cochin port Port of Oakland maritime director resigns N.Y.-N.J. port authority to add 2nd rail to Port Elizabeth Port Canaveral names Morefield director of planning

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MARCH 6, 2007
Upward trend for major partial losses continues Only 67 ships of 500 grt or above were total losses last year against 140 in 2000, according to the ... Fuel cell supply vessels by 2012 Ships using fuel cells should be operational in Norway by 2012, according to Jan Fredrik Meling, managing director of Eidesvik ... Torm punished for the second best result ever Dampskibsselskabet Torm was punished on the Copenhagen Stock Exchange yesterday after the presentation of its 2006 result. It showed a ...

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MARCH 6, 2007
US EPA proposes new engine standards Agency targeting emissions reductions across the board. New face at Bunker Holdings Trader leaves one Cyprus-based supplier for another. BP to gain full control over Rotterdam refinery Deal seen as continued reduction of Chevron's European presence. Scrubbers 'will be part of the solution' Krystallon convinced scrubbers will play growing part in ship emissions control, even above and beyond LSFO or distillates. ARA market: Smit strike started again Iran says 'no' to reduced OPEC production Iran's OPEC governor says current demand and supply equilibrium is healthy. Satellites take role of 'environmental police' EMSA employs aerial spy to track down illegal oil spills and accidents. Hanjin confirms stake in S-Oil Deal will allow Hanjin Group to secure a steady supply of jet fuel and bunker fuel.