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Shipping News

Keppel makes inroads into Mexican market
KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea
A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals
LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports

Strait Talk

Classification societies seek liability limits
A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.

Port Shots

Icebreaker being built catches fire in Russia
AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.

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Shipping News

Keppel makes inroads into Mexican market
KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea
A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals
LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports

Strait Talk

Classification societies seek liability limits
A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.

Port Shots

Icebreaker being built catches fire in Russia
AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.

web site

Shipping News

Keppel makes inroads into Mexican market
KEPPEL Corporation has made a major inroad into the Mexican offshore market with a US$164 million contract to build two accommodation platforms for Mexican state oil company Petroleos Mexicanos.
Hutchison's CSX bid opposed in S Korea
A winning bid by Hutchison Port Holdings for the global terminal network of CSX Corporation could meet stiff resistance in South Korea where nine CSX berths are up for grabs and where the Hong Kong-based operator already has a significant presence.
ASL Marine units secure shipbuilding, charter deals
LISTED shiprepair and shipbuilder ASL Marine Holdings said yesterday its subsidiary ASL Shipyard has secured $73.3 million of newbuilding contracts.
China Merchants in talks with Shanghai Int'l Port
Shiprepair event moving from London to Dubai
Bulk rates rise again to near-record highs
Clogged Russian ports slow oil, coal exports

Strait Talk

Classification societies seek liability limits
A couple of weeks ago, a senior figure in the marine mutual liability insurance industry, confided to The Business Times that he was worried the delicately balanced system that has evolved within the shipping industry to take responsibility and cover liability when things go wrong, is in danger of falling apart.

Port Shots

Icebreaker being built catches fire in Russia
AN atomic icebreaker that has been under construction for 15 years caught fire yesterday at the Baltiysky shipbuilding plant in this northern Russian port.

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New terminal planned for Zhangjiagang Port NYK looks to sell Dutch terminal ACT appoints new CFO DFDS buys out Viktoria MOL honoured for investor relations PSA buys into HK port operator Sinotrans handles 1 m TEU in PRD Schenker wins 2 top Asian logistics awards Internation cargo traffic rises: IATA KLAS strengthens foothold in S China Continental Airlines gains new board member UAL sees operating loss of US$65 m

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INSA to release its Annual Review today Report projects Indian maritime sector size at $ 19 bn by 2010 Ports busier and more efficient now'Baalu Tuticorin Port Trust awaiting the word 'Go'! FIATA's freight forwarding diploma course comes to India Multiport's General Meeting in India part of new marketing plan, explains McMillan 10.2 pc service tax on goods transport agencies awaiting Law Ministry's nod'Chidambaram Schenker India's corporate office inaugurated Dubai WTC to organise GITEX Computer shopper 9-day SRTEPC-backed textile fairs open in Turkey, Egypt MoF-industry parleys on Budget from Dec. 10 UAE trade fair in Mumbai from Dec. 14

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DECEMBER 1, 2004
UAE-backed Singapore terminal to go-ahead despite CAO withdrawal Troubled China Aviation Oil's pullout won't affect design work on the UAE-backed Singapore terminal project, which is expected to start operations in mid-2006. Oil prices plunge on solid US inventory gains Oil prices dive as market takes stock of US oil inventory figures, while keeping watchful eye on next move from OPEC. Singapore: Petrobras boosts storage capacity by 50% Petrobras boosts Singapore storage capacity by 50% to accommodate increasing demand in the niche markets it has established itself in. DOE/API: US oil stock growth across the board Refinery shutdowns could affect Piraeus avails by week-end Petrobras: Paranagua service resumed Bunker operations at Paranagua have resumed after last month's explosion although deliveries are still subject to barge avails. South Korean demand drops as prices move downwards Hanseatic Bunker Services welcomes new trader Sparse cargo and bunker demand exacerbate Singapore price falls Muted demand for both cargoes and bunkers saw the Singapore cargo market plunge $10/11 today, yet buyers remain sidelined in both markets. Rotterdam fuel oil softer, congestion still heavy Malaysia: New projects will bring self-reliance and competition Plans for storage and blending facilities in Malaysia's PTP and Port Klang will make the country self reliant for fuel oil and bunker supply and allow for more competitive pricing.

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DECEMBER 1, 2004
Alturion GPS version 6 is more than navigation T&G and Urtu to fight proposed rules on driver hours BAX Global wins Samsung Electronics' Asia business Russian Railways plans joint venture with China Thai Airways to sign letter of intent for eight new Airbus aircraft MOL and APL announce West Coast of South America Service Frederic Gagey joins KLM as CFO

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DECEMBER 1, 2004
Pirates kidnap, injure seafarers APL and MOL launch joint service Canal "accounts for 32% of Panama's economy" Euronav demerger to go ahead ABS approves new LNG containment design

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DECEMBER 1, 2004
Daewoo backlog tops $10 billion Dakota Creek to get ferry order CP Ships CEO steps down Delaware spill total set to rise Keppel wins major PEMEX order ABS gives approvement in principle to new LNG tank and ship designs

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DECEMBER 1, 2004
Tacoma port board Oks purchase of tideflats property APL teaming with MOL for new South America service Port of Vancouver taps Boyden as new environmental director Homeland Security Secretary announces plans to resign Crowley Liner Services adds third vessel in Virgin Islands

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CP Ships shaken as Halliwell resigns after just six months FRANK Halliwell resigned as chief executive of CP Ships yesterday, just six months after stepping into the top job. Buoyant market points to possible orders for biggest ore carriers yet ORDERS for a number of the biggest ore carriers yet built could be triggered by today's buoyant market conditions which are nudging steel mills to look increasingly for long-term deals on larger cargoes. German WestLB bank sells 31% stake in TUI GERMAN public-law bank WestLB has sold its 31.3% stake in German tourism and shipping group TUI, ending months of speculation that a shipping company might want to buy the shares in order to gain control over Hapag-Lloyd. Setting the goalposts for new standards DELIBERATIONS over the new methodology proposed to develop regulations at the International Maritime Organization got off to a cautious start yesterday, as administrations edged towards formulating the terms of reference for 'goal-based standards'.

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DECEMBER 1, 2004
CP chief exec Halliwell walks out CP SHIPS chief executive Frank Halliwell has resigned, with immediate effect, due to 'differences with the board on the future direction of the company' Japanese majors join forces for LNG JAPAN'S NYK, MOL and K Line together with Mitsui & Co have jointly placed an order for a 145,000 m' LNG vessel Eukor obtains $680M facility EUKOR Car Carriers has concluded a $680M refinancing deal with Korea Development Bank that would help clear initial acquisition debt of $1.05Bn Nigerian port workers jobs at risk TEN thousand Nigerian National Ports Authority workers stand to lose their jobs as a result of the port privatisation programme, according to the transport minister Hutchison plans Mexican box port NEW reports have surfaced that Hutchison Port Holdings could build a port to compete with Los Angeles/Long Beach on the Pacific coast of Mexico Milford Haven LNG progresses A £250M ($480M) LNG import terminal at Milford Haven in the UK is moving forward following the signing of shareholder and related agreements Ferry lines face strike action IRISL enters gulf controversy APL, MOL launch Andes link Iraq to use Iran and Kuwait ports Philippine arbitrators proposed French seek fine for tanker slick Capacity demand ahead of supply Heung A ends court receivership Tom Ridge quits security post Athos spill estimate shock

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DECEMBER 1, 2004
CP Ships chief executive resigns Frank Halliwell steps down following accounting scandal that cost company millions in profits. ILA, Cosco agree on office staff pact Union wins three-year contract for port captains in China Ocean Shipping's New Jersey office. Bush, Martin call for new U.S.-Canada bridge Judge approves Port Everglades terminal sale Logistics to speed up in 2005: Unisys OECD: Economies to grow 2005 N.Y.'s Schumer questions cargo screening plan ILA seeks safety talks Long Beach tabs Teofilo for maritime services Descartes narrows Q3 loss EGL calls convertible notes U.S. shrimpers win import tariffs India port plans new box terminal

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DECEMBER 1, 2004
'Difference of opinion' on strategy prompts CP Ships CEO resignation CP Ships CEO Frank Halliwell has announced his resignation, effective immediately, citing a 'difference of opinion' with the board over the company's future strategy. CMA CGM keen to crack Brazil nut This week's visit to Brazil by CMA CGM executive VP Rodolphe Saade is part of the carrier's interest in terminal and new-vessel investments, according to CMA CGM do Brasil sources. Charter-market liquidity receding to turn of 2005/6 K Line to boost PNW service nearly 50% Poland's BCT signs credit facility for phase one expansion Homeland Security head resigns CWC plans dedicated-use port in Mumbai, alongside inland expansion TVS hives off logistics division to gain global presence London offers more guidance to Thames users Ukraine's portland integrated despite national disunity threat, say ports

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DECEMBER 1, 2004
Frontline spins off bulkers Frontline's Tor Olav Troim has Golden Ocean ready to spin on the Oslo bourse. Frank Halliwell walks Differences over future direction of boxship giant cause CP Ships chief to resign. Philly oil spill spreads to DC Two US senators are going after single-hull tankers after the Athos I spill has proved larger than first thought. Clarksons opens in Mid East Expanding broker taps Dubai for its latest regional centre. Eukor concludes refinancing Latest $680m package means car carrier has now completely replaced acquisition funds. French eye Norway NCL cruiseship could be turned into hotel by holiday group Pierre et Vacances. Spirit III suffers Politicians to address problem of lack of passengers on the third Spirit of Tasmania vessel. Ow! Wallenius signs new shipowning venture with Singapore Shipping. Schroder demands ships German owners have flagged in just 20 of a promised 100 to 200 ships and could lose their tonnage tax. German Ueberwerft 'on track' ThyssenKrupp is denying that conventional submarines may sink a planned merger of German yards. Scrap slump continues Figures show dismal totals with less than one million deadweight tonnes sold for scrap for fifth month in a row. Euronav soars Share price for newly spun-off tanker arm leaps 30% on first day of trading. Bank sweetens Transpetro order Brazilian development bank BNDES could cut loan interest rates for yards building new tankers. Stolt Tern grounds at breakwater No leakage is reported from the grounded Stolt Tern at Holyhead in Wales. Lasco loses ground Latvian tanker owner's profit shrank as rates fell for the more elderly units in the fleet. Aker Yards builds backlog Norway's Aker Brevik has brought its backlog of offshore vessel contracts to five. Hindustan to be revived Indian yard receives boost from tax waiver and could soon get hands on state aid. TOP offloads Med Prologue Evangelos Pistiolis' US listed tanker company confirms sale of single-hulled handysize tanker. Jinhui buys back and cancels Hong Kong bulker owner continues to snap up more of its own shares.

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DECEMBER 1, 2004
Delaware River oil spill may be 15 times greater than estimated European/South America carriers raise rates Mediterranean/Canadian conference raises surcharge Crowley adds capacity to U.S./Virgin Islands trade NYK spins off liner agency in Japan Worldwide air cargo traffic up 14% in January-October Polar picks Menzies for Amsterdam ground support CSX freight trains collide in Florida, killing one crewman Ridge steps down as DHS head U.S. industry urges Bush to press for end to Canadian lumber subsidy USDA re-certifies trade help petitions for N.C., Texas shrimpers USDA allows more imports of Mexican Hass avocados PSA gets foothold in Hong Kong with terminal purchase ILA calls for safety meetings after 'rash' of accidents

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DECEMBER 1, 2004
CEC buys modern Hungarian tonnage Clipper Elite Carrier has bought two second-hand vessel from Hungary and now has been added to the fleet of ... 41,000 tons less of NOx emissions thanks to fairway dues The environmentally differentiated fairway dues in Sweden has lead to a significant reduction of nitric oxides, NOx, emissions. "According to ... Unidentified oil spill off the Estonian coast Seabirds affected by oil was found on Tuesday off the Estonian northweast coast near Dirhami. According to BNS news agency ...