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EU cracks the whip on maritime safety laws
THE European Union has warned flag states - including member states - that are 'hiding mediocre ships' under their flag to put their 'house in order' or face the wrath of tough new laws on maritime safety.
Kuehne & Nagel quarterly profit surges 44%
KUEHNE & Nagel International AG, the world's biggest sea-freight forwarder, says fourth-quarter profit surged 44 per cent after integrating an acquisition that boosted the Swiss company's warehouse management business.

Port Shots

Port shots
AP Moller-Maersk A/S said yesterday that workers at its Odense, Denmark shipyard, where they are building the world's biggest container vessels, have ended a one-day strike.

web site

Shipping News

EU cracks the whip on maritime safety laws
THE European Union has warned flag states - including member states - that are 'hiding mediocre ships' under their flag to put their 'house in order' or face the wrath of tough new laws on maritime safety.
Kuehne & Nagel quarterly profit surges 44%
KUEHNE & Nagel International AG, the world's biggest sea-freight forwarder, says fourth-quarter profit surged 44 per cent after integrating an acquisition that boosted the Swiss company's warehouse management business.

Port Shots

Port shots
AP Moller-Maersk A/S said yesterday that workers at its Odense, Denmark shipyard, where they are building the world's biggest container vessels, have ended a one-day strike.

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Zim orders two 10,000-TEU vessels from Hyundai Shipyards Suzhou throughput surges 69pc in January US Senate votes down full container scanning Rail strike and bad weather cause havoc in British Columbia ports Kolkata Port increases docking capacity Strike threat hangs over Port of Hamburg over privatisation plans Singapore's Changi Airport to focus on air cargo sector in expansion plan Old AN-124 Ruslans to have new leases on life Phuket Air, DAS Air Cargo removed from EU blacklist

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Senator Lines offers Europe-S. America service PSA's 2006 profit soars by 14 pc Maersk Line to raise rates on Far East to S. America EC trade 11,000-TEU boxship christened Evelyn Maersk Wan Hai to offer shuttle service from HK to Japan Zim may go in for 10,000-TEU boxships MOL boosts Americas services AXL service being phased out Offshore driller open to merger or acquisition prospects CMA CGM bids for Taiwan's Cheng Lie Evergreen launches 7,024-TEU ship at Kobe Gradual introduction of SAD Harmonisation brings relief to ASM 20 ships join UK Ship Register in 2 months Direct cargo tracking on www.oocl.com NOL & SITC team up to build & run box terminal in Qingdao Washington state box tax deferred, revised bill opts for more study TSA Chief Executives hold first-ever customer meet IWAI plans waterways in Mumbai suburbs to ease road cargo traffic Global Logistics Solutions celebrates successful launch of operations in E. India Oct. coir fair to aim for Rs 100 cr. export business Ore exporters to wave off fresh orders Export duty meets with Assocham's approval JNPCT to acquire three new Super post-Panamax RMQCs ICICI Ventures buys majority stake in Tebma Shipyard Port of Hamburg to consolidate position as prime hub for India's trade with Europe Daitary-Paradip Port road cargo traffic resumes Higher education gets low Budget outlay SEZ promoters with acquired land may get go-ahead first $ 100-m investment fund for India wrapped up India's Billionaire Club dazzles the Dragon Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan

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MARCH 12, 2007
Eurogate's volume in Germany grew by 9.4% last year Variglog cancels direkt flight between Frankfurt and Manaus Scotland to build new Firth of Forth bridge

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MARCH 12, 2007
ICS complains over Panama canal toll increases Safmarine upgrades Safari services LPG rollercoaster continues UK helideck inspections

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MARCH 12, 2007
Shipowners protest Panama Canal rate hikes Ship repairer opens Bay area office GE offers LM2500+G4 for cruise ships Dredge/booster barge shipped to Cambodia Samsung books $617 million drillship order

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MARCH 12, 2007
Coast Guard charges shipper with illegal dumping of waste water Coast Guard looking for new members for Towing Safety Advisory Committee Hillsboro Airport rountable meeting scheduled for Thursday, March 15 Northwind Marine builds boat for Rhode Island search and rescue APL entering shipping agreements, while ending connections with others

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MARCH 12, 2007
Groups unite to fight Panama toll hikes INTERNATIONAL Chamber of Shipping leads efforts against dramatic hike in tolls. Asian forum to lobby on Panama tolls IMO rejects Brussels' claims CLAIMS by maritime director Fotis Karamitsos about EU's status within the IMO are 'factually incorrect'. Boskalis dredger out of action after collision DREDGER W.D. Fairway will be out of action the rest of the year after accident with MSC Joanna.

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MARCH 12, 2007
ThyssenKrupp Marine CEO resigns KIEL 12 March ' Klaus Borgschulte, chief executive of German shipyard group ThyssenKrupp Marine Systems, has resigned from the company with immediate effect Safmarine upgrades China service SAFMARINE is responding to rapid growth in trade between South Africa and China by introducing larger tonnage and adding a new port to the Safari service North Princess - correction THE bulker North Princess, which was implicated in a criminal indictment over oil dumping last week, flies the Maltese flag, not the Liberian flag LUKoil to boost Black Sea shipments RUSSIAN oil producer and exporter LUKoil has been blocked from petroleum refining in Turkey and must supply product to that country from its Bulgarian refinery Total box scanning looks inevitable LEGAL requirements to eventually require that all US-bound containers be scanned now seem inevitable, with a Senate bill that could start the process going to a vote tomorrow Panama tolls prompt industry fears SERIOUS concern has been expressed about the size of toll increases proposed by the Panama Canal Authority and the period over which they will be introduced Court steps into Smit towage strike Liners must focus on lift factors BC Renaissance to arrive early ANZ-Europe rivalry hots up CNAN privatisation: details confirmed Marseilles yard back under threat

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MARCH 12, 2007
Georgia, South Carolina make plans to partner on new container port project Joint plan could end legal battle over right to develop hub on Savannah River near Ports of Charleston (left) and Savannah. China: U.S., EU to blame for Doha failure PSA snags Panama container terminal contract OOIL profit slides 14% No change for trans-Atlantic fuel charge Court ruling ends Rotterdam tug strike Maersk to revamp Asia-South Africa services ICTSI eyes Latin America, India expansion Bridge damage halts Cochin port container flow Kuehne & Nagel profit up 45% on strong seafreight Volume gain for Lufthansa on Americas growth

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MARCH 12, 2007
Court order ends Smit strike and regulates further action An order from the Rotterdam Court of Justice has ended the Smit Rotterdam harbour towage strike and imposed requirements to ensure service in the short term. K+N increase seafreight volumes over 19% in 2006 Vancouver box backlog worsens Investor in TUI declares himself "friendly" Carriers prepare for Sydney closure NOL gets US$300m loan Safmarine and Maersk Line realign and upgrade Safari services Matthias Raith leaves rail4chem ACCC clears Patrick Shipping sale CMA CGM snatches 50-year concession in Indonesia's Batu Ampar Hanjin to raise Asia-Europe freight rates Three bidders show interest in Busan New Port Phase II-4 Interview: INTTRA expects 100% growth as shipping becomes more information-oriented

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MARCH 12, 2007
Sinders leaves Jefferies One of shipping's senior investment bankers has stepped down to get involved in a different form of transportation. Owners beg Panama for mercy Shipowner lobbies are protesting that present users are being asked to pay more than their share for the Panama Canal of the future. Bigger is better for TEN Nikolas Tsakos-led Greek tanker owner posts 21% improved annual profit on back of larger fleet. Costly collision A bump with a giant MSC newbuilding will cost dredging company Boskalis some EUR 30m in revenues. Greek bulker sinks 'taxi' Cyprus-flagged vessel momentarily loses control in Istanbul and drags private boat under. Navios fixes for five Greek owner's new chartered-in panamax bulker chartered out again for $24,000 per day until 2012. Ante upped at ICG? Shareholders said to be holding out for improved takeover offer from management of Irish Continental Group. CalMac talks new ferry No yard decision yet for Scottish Highlands ship due to enter service in 2010. Mols-Linien makes more Increased operational efficiency and higher revenues drive up earnings at Danish ferry company. Damen teams on tugs Dutch shipbuilder to meet growing demand through five-year deal with Penglai Bohai yard in China. Stowaway standoff in Piraeus Captain of German-owned boxship refuses to return 16 illegal immigrants found onboard back to Turkey. Car carrier fined for oil dumping NYK vessel Brussel turned in by Australian cement carrier after leaving 7km slick off Victoria. IHC adds Heusden site Dutch shipbuilding group takes over facility of bankrupt compatriot on the back of strong orderbook. Samsung inks drillship European owner paying $618m for vessel to be delivered in 2010. Japan yard orders slide JSEA says export newbuilding contracts slip below 1mgt for the first time in four months. Smyril smiling again Faroe Islands ferry operator back in profit as passengers return. Gaz Imperial sent for scrap World's largest LPG carrier bound for breaker's yard in Pakistan.

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MARCH 12, 2007
Safmarine upgrades Safari loops Company charged in oily water discharge case IMO reports 657 stowaways in 244 incidents last year CMA CGM adding Miami to Brazil Caribbean Express Lufthansa's profit soars in 2006 Airbus A380 to premier at JFK Developer to expand Forward Air truck facility Crittenden withdraws UPS board nomination Amsterdam tries cargo trams Kuehne + Nagel reports earnings jump N.Y.-N.J. Port Authority, developer sue insurer for $1 billion

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MARCH 12, 2007
Norwegian ship and rig orders for NOK 220 bn Norwegian and Norwegian controlled ship owning companies and drilling contractors have ships and rigs worth NOK 220 billion on order ... Russia to concentrate shipbuilding industry Russia will reorganise the state-owned shipbuilding industry. A new Joint Shipbuilding Corporation will be established for design and construction. The ... Barrot slams sluggish member states The EU Commission's vice president and transport commissioner Jacques Barrot has grown tired of the resistance against new maritime safety ...

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MARCH 12, 2007
Smit strike ended by court Court case initiated by refinery sector ends strike and regulates future action. Fuel costs hurt OOIL profit 11% drop in 2006 profit, but shareholders to cash in on sale of terminals. Vopak predicts continued double-digit profit growth Global storage operator will boost capacity by more than 1.7 m' in 2007 and 2008. Prompt supply reported tight in Rotterdam Global Energy targets JV or IPO options Singapore bunker supplier is planning either to penetrate the Chinese market or to launch an IPO this year. MPA publishes Singapore bunker quality values Singapore's average tested values of bunker samples are updated every month on a MPA website.