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Shipping News

Penang Port target of three takeover bids
Three parties have made bids to take over Penang Port Sdn Bhd (PPSB), the country's oldest port operator, Malaysia's Business Times quoted an executive working for one of the bidders as saying on Wednesday.
China Shipping plans share sale
China Shipping Container Lines Co, whose shares have more than tripled this year, plans to sell stock in China this year after first-half profit jumped more than 14-fold on improved shipping rates and higher cargo volume.
Glacier ice hits sightseeing boat in Arctic, injuring 18
Ice that broke off a glacier hit a sightseeing ship with 72 people aboard off the Svalbard Islands in the Arctic, injuring 18, two seriously, police and the tour operator said yesterday.
Japan shipping shares fall on rate decrease
Higher airline taxes, warm UK weather weigh down TUI sales
Viet poachers accidentally flag their presence

Admiralty Casebook

There's no excuse for an unseaworthy barge
JUST because a barge did not give way before departure does not mean that the barge was seaworthy at the start of the voyage. If something was bound to give way during the voyage then the barge has to be considered unseaworthy, the Singapore High Court ruled last month.

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Shipping News

Penang Port target of three takeover bids
Three parties have made bids to take over Penang Port Sdn Bhd (PPSB), the country's oldest port operator, Malaysia's Business Times quoted an executive working for one of the bidders as saying on Wednesday.
China Shipping plans share sale
China Shipping Container Lines Co, whose shares have more than tripled this year, plans to sell stock in China this year after first-half profit jumped more than 14-fold on improved shipping rates and higher cargo volume.
Glacier ice hits sightseeing boat in Arctic, injuring 18
Ice that broke off a glacier hit a sightseeing ship with 72 people aboard off the Svalbard Islands in the Arctic, injuring 18, two seriously, police and the tour operator said yesterday.
Japan shipping shares fall on rate decrease
Higher airline taxes, warm UK weather weigh down TUI sales
Viet poachers accidentally flag their presence

Admiralty Casebook

There's no excuse for an unseaworthy barge
JUST because a barge did not give way before departure does not mean that the barge was seaworthy at the start of the voyage. If something was bound to give way during the voyage then the barge has to be considered unseaworthy, the Singapore High Court ruled last month.

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TSA sees tight space in peak season, US labour strife feared in '08 Shenzhen's YICT starts sea-rail intermodal service for imports Manila's ICTSI sees profit up 12pc in second quarter China's top container maker buys into Enric Energy Equipment NOL second quarter profit surges 38pc to US$93 million CMA CGM unveils innovative car-carrying FEUs German rail strike disrupts Berlin, Hamburg trains Dragonair to drop Tokyo, to start Fukuoka and Sendai runs in October Indian air cargo business expected to take off this year Explosive screening begins at San Francisco, Seattle and Cincinnati airports

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Moon Line set to commence LCL & FCL consolidation operations in India Offshore assets acquisition now the shipping companies' rage ONGC floats tender to charter 10 ships Transpole Logistics diversifying operations Bangladesh seeks to prune India's Safta list Car, bikes import duty cut under FTA ruled out Trade with LatAm, Caribbean nations leaps by 50 pc in 2006 Nath assures report on trade & investment pact with EFTA by Dec. Sugar council favours more exports Indo-Swiss MoU on IPRs signed VISL invites proposals from private developers/investors to construct Vizhinjam box terminal SAIL to import more coking coal via Vizag Port Kolkata Port Trust to overhaul operations to boost throughput JNP Chief Manager (Operations), R. T. Revankar calls it a day Chidambaram says to more export sops

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AUGUST 9, 2007
John Pattullo joins Ceva as new CEO Grand Alliance wants to maintain its course for ten more years Cargolux adds second frequency to Kinshasa JAL: Vietnam freighter service inaugurated BSH awards GBP 21 million contract to NYK Logistics

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AUGUST 9, 2007
Golden Ocean sells bulker Bulk boost for Bourbon Harland and Wolff to scrap MSC Napoli bow FEFC set to raise eastbound rates Ukraine warning

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AUGUST 9, 2007
Gard warns of quality risks with some low sulfur fuels Horizon Lines completes refinancing Coast Guard CWO indicted for lying in pollution case Bourbon reports soaring revenues

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AUGUST 9, 2007
Senator Murray helps break ground on Port of Vancouver, USA project Coast Guard Officer charged with dumping wastes Repair work has WSF making changes to ferry service TSA member carriers express peak season concerns Foss joins EPA program to reduce greenhouse gases

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AUGUST 9, 2007
Brussels mulls regional options to tackle emissions EC considering regional legislation to combat greenhouse gas emissions, accusing the IMO of moving too slowly. 'Green' ships could save on European port dues CSCL plans share sale to fund fleet growth MOVE comes as company posts 13-fold surge in first-half net profits to $153m. MSC Napoli bow heading for Harland and Wolff BELFAST shipyard wins contract to break up the bow section of the containership. US Coast Guard in the dock RECENT allegations against the coastguard could result in the agency losing its administrative court system. Let off with a caution SULPHUR emission laws are not yet on the UK statute books, but they can still punish you for committing an offence.

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AUGUST 9, 2007
TSA warns of Asia port congestion Port congestion in Asia could be looming later this year and next, says the TransPacific Stabilisation Agreement, along with cost increases and labour slowdowns CG officer charged with dumping A USCG officer usually charged with enforcing oil dumping laws has himself been charged with ordering illegal dumping from a Coast Guard cutter TBS counters drydock surge TBS International, the multipurpose and bulk carrier operator, has doubled 2Q earnings as much higher freight rates counterbalanced a heavy drydocking regime Jamaican trio convicted of smuggling attempt THREE Jamaicans were convicted this week of trying to smuggle cocaine onto a US-bound cruise ship on which they were passengers Golden Ocean cashes in on Panamax Brazil gears up for cruise bonanza MSC Napoli section readied for tow Fednav bulker aground in Colombia Vessel detained for faulty OWS

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AUGUST 9, 2007
Hapag-Lloyd falls to Q2 loss Carrier sinks into red on sliding freight rates on all trade routes, a weakening dollar and the continuing cost of integrating CP Ships. Horizon Lines refinances, ups earnings outlook Global shippers oppose U.S. scan-all requirement Maersk moving Busan calls to DP World terminal Federal funds secured for Delaware River dredging Freight index plummets Panalpina profits up 56% New bids invited for India container terminal project U.S. taking Canada to court over lumber dispute India port volume grows Columbia Coastal plans barge service to Maine

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AUGUST 9, 2007
MSC Napoli's bow section to be recycled at Titanic shipyard German rail strike hits morning rush TSA highlights supply chain challenges

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AUGUST 9, 2007
Iceberg hits ship Eighteen injured by blocks of ice falling on Arctic cruiseship Alexey Maryshev. Share sale lifts Attica Greek ferry owner posts bumper second quarter on back of gain from sale of Minoan stake. NAT bitten Softer suezmax rates and higher operating costs see 2Q profits at Nordic American Tanker dip. Regan wins second term Arlington Tankers' president and co-CEO to shift across the Connecticut office to new post with previous employer Stena Bulk. Seaspan takes the credit NYSE-listed boxship owner agrees new $920m facility to fund 14-ship orders at Korean and Chinese yards. Golden panamax sale Oslo-listed bulker outfit sells panamax Shinyo Brilliance on for handsome $72m. Rope severs seafarer's leg Crew member suffers horrific injuries in incident onboard Norfolkline-chartered ship in Dublin port. Arlington loses Regan President and co-chief executive quits Stena offshoot 'to pursue other interests'. Property pricks Lloyds Fonds' bubble German fund manager hit with impairment loss from US real estate market in second quarter. Algoma warms up Canadian tanker and bulker owner's earnings lifted by fleet's extra days in service. Tamai looks up Japanese bulker owner Tamai Steamship increases full-year estimates on back of bumper quarter. Bourbon bulks up French offshore and bulker owner sees first-half revenues soar as dry-bulk rates increase. Red but no alert at Hitachi Zosen Japanese yard slips into slight first-quarter deficit but expects bumper year overall. Tax break for TUI Hapag-Lloyd parent sees second-quarter net income soar on huge tax break associated with First Choice merger.

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AUGUST 9, 2007
Hapag-Lloyd suffers from lower rates, weak U.S. dollar Indian government pondering FMC-style regulation over shipping charges FEFC prepares shippers for eastbound Asia/Europe tariff rise MSC Napoli bow section off to Belfast Aries reports improved results Sea Star to raise Puerto Rico, eastern Caribbean bunker charges Seafreight Line increasing bunker charge New barge service will link New York and Portland, Maine CORRECTION: Former Hanjin executive Kwon to replace Lacy at Oakland International shippers criticize scan-all law U.S. bans U.K. livestock DHL Express selling Benelux subsidiaries to Austrian Pos Savi Tech names licensees of e-Seals technology NYK Logistics (Belgium) enters health care logistics market QVC opens South Carolina warehouse Sandler and Travis hires managing director for Mexico Panalpina's first half profit soars 56% FMC reviews 9 OTI licenses Maersk shifting 700,000 TEUs from Busan old port to New Port Stockton port approves $40 million cold storage development Work starts on new Vietnam container terminal

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AUGUST 9, 2007
Bourbon Dolphin's stability questioned Two of Bourbon Dolphin's captains, Frank Reisersen and Hugo Hansen, both questioned the stability of the vessel, during the resumed ... Swedish and Russian icebreaker pair to the Arctic On Sunday, the Swedish icebreaker Oden will depart from Troms' in Norway for the Arctic for a six week long ... Finnish operator looks for ferry for new Finland-Estonia service Finland's Stella Company Group is in the market for a 1,500-pax ferry for a new service between Kotka in ...

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AUGUST 9, 2007
Bunker buyers dread second SECA Low-sulphur fuel oil 'not widely available' outside expanded zone coming into force this weekend. Limited impact from ConocoPhilips refinery shutdown Wilhelmshaven and other German ports said to be well supplied with LSFO despite suspension of refinery operations. Flow of Russian fuel oil restored Latest restrictions on shipments via Estonia short-lived, but uncertainty prevails about future. Blue Star on track for good year Marked improvement in first half results but cautions rising bunker prices could affect performance. Rotterdam barge market very quiet HK bunker demand surges on softer prices Hong Kong 380 cst price differential to Singapore narrowing to $5-6 pmt.