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Shipping News

Hutchison backing new Mexican port?
HONG Kong-based Hutchison Port Holdings appears set to take on Los Angeles and Long Beach with further talk of the global terminal operator investing US$1.2 billion in a port in Ensenada, Mexico.
Maritime Academy chief bows out
THE director of the Singapore Maritime Academy, Swapan Das Sarma, is bowing out after 23 years shaping maritime education and training in Singapore.
Sluggish progress
THIS photo taken on Nov 17, 2004 shows the huge vehicle transporter Trianon passing under the Sydney Harbour Bridge after delivering a shipment of Japanese cars to Australia.

Admiralty Casebook

The limits of Himalaya clauses
A LANDMARK ruling last month in the US Supreme Court has put beyond doubt the question of when rail and road transport companies would be protected by Himalaya clauses in intermodal bills of lading negotiated by ocean carriers.

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Shipping News

Hutchison backing new Mexican port?
HONG Kong-based Hutchison Port Holdings appears set to take on Los Angeles and Long Beach with further talk of the global terminal operator investing US$1.2 billion in a port in Ensenada, Mexico.
Maritime Academy chief bows out
THE director of the Singapore Maritime Academy, Swapan Das Sarma, is bowing out after 23 years shaping maritime education and training in Singapore.
Sluggish progress
THIS photo taken on Nov 17, 2004 shows the huge vehicle transporter Trianon passing under the Sydney Harbour Bridge after delivering a shipment of Japanese cars to Australia.

Admiralty Casebook

The limits of Himalaya clauses
A LANDMARK ruling last month in the US Supreme Court has put beyond doubt the question of when rail and road transport companies would be protected by Himalaya clauses in intermodal bills of lading negotiated by ocean carriers.

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CP Ships' CEO resigns New rates to be imposed on Ivory Coast shipments Yicheng Logistics branches out in S America IBM wins IT deal from AP Moller-Maersk SCFOL enters new year with feeder plans 2005 Port Of Tacoma budget approved Xinjiang exports hit by rail cargo shortfall Korean Air resumes service to Taiwan Ningbo Airport to open to foreign airplanes PAL records first half profit Dragonair to fly to Harbin this winter Northwest to boost Indy services

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Final report on Sethu canal project ready for submission Frank Halliwell resigns as CP Ships' CEO Indian ships carry just 15 pc of India's overseas cargov Major maritime conference to be held on Dec.9-10 Schenker wins 2 top Asian logistics awards Pakistan tells India to remove tariff barriers for MFN status Crude oil import bill shoots up KoPT seeks fresh estimates of River Regulatory scheme Double feat at Mumbai Port! VCT logs highest monthly throughput of 5,708 TEUs in Nov. Bulk rates rise to near-record highs 2-year extension for EU-India civil aviation project Textile quota policy amendments to ensure continuity initially for a year Use IT as tool for growth of manufacturing sector, says official Press Note 18 not to stand in way of new ventures EEPC's Indo-LAC business meets prove fruitful Coal taken out of essential goods list

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DECEMBER 2, 2004
Oil price 'avalanche' continues Crude price avalanche continues as speculators bail out, with some analysts forecasting further losses ahead. Japan's October bunker sales up year-on-year Sales of bonded products to ocean-going vessels rise, leaving inventories lower. Italy: Small cargoes & refinery problems aggravate supply blight Most of Italy's main ports continue to suffer from fuel oil availability problems, the near term outlook is better in some ports than in others. Tokyo avails improve as suppliers receive December allocations Product stocks have improved but prompt supply still difficult due to limited barge availability. Congestion still evident in Rotterdam Philadelphia spill prompts bid to deter single-hull tankers Bigger than expected spill prompts proposal to lift liability limitation for single-hulled tankers. World Fuel Services declares regular quarterly cash dividend Singapore prices plunge as inventories reach 15 week high Singapore prices plunge amid high fuel oil inventories, low uptake and plummeting crude. Crude little changed after three year record slump Crude oil traded on the Nymex was little changed in after hours trading following yesterday's slump which saw prices make their biggest fall in over three years.

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DECEMBER 2, 2004
Euro-Leasing improves website, adds new functions Drinking and driving tolerance level reduced in Switzerland UPS Supply Chain Solutions to open European HQ in Switzerland Toll signs up Fonterra for 20-year rail agreement China Southern Airlines to take over assets from parent company Jumboization of CMA CGM sea giants CP Ships CEO Frank Halliwell resigns

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DECEMBER 2, 2004
CP's Halliwell resigns Offshore oil and gas set for new boom EC go ahead for Danish and Finnish tonnage tax changes Law firm warns on ice vessels Olympic Shipping order's PSV at Aker Hydro contract for Farstad Parker to take helm at P&O

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DECEMBER 2, 2004
Trailer Bridge completes K. Corp acquisition Senators react to Athos I spill

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DECEMBER 2, 2004
Tacoma Port Commission Oks $64.5 million budget Coast Guard commissions MLE academy in Charleston Carnival Cruise Lines launches new SuperLiner CP Ships' chief executive walks away from position ITC finds Canadian lumber sold unfairly in U.S.

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Parker succeeds P&O's Sterling P&O has appointed the widely-respected Sir John Parker to succeed Lord Sterling as chairman of the UK ports and ferries group, writes Tony Gray. Missing propeller could hold clue to Delaware oil spill A SUNKEN propeller may have punctured the Tsakos-operated Athos I as the single-hull tanker, which may have spilled as much as 11,000 barrels of oil, sailed up the Delaware River last Friday. Restis savours victory in battle for MISC bulkers with $740m deal GREECE'S Restis group has emerged as the winner of the contest to acquire the fleet of 32 bulk carriers put up for sale by Malaysian International Shipping Corp. Pre-budget changes set to change UK leasing Ship leasing in the UK looks set to be hit by changes to the tax leasing rules announced in Chancellor Gordon Brown's pre-budget statement. Japan trio share LNG order JAPAN'S big three lines have once again teamed up, this time with trading house Mitsui and Co for a further liquefied natural gas carrier for Ras Laffan Liquefied Natural Gas Co II (RasGas II), w rites Sam Chambers in Hong Kong.

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DECEMBER 2, 2004
Senators blame single hulls LIABILITY for spills from single-hulled and single-bottomed tankers would be doubled under a bill being introduced by senator Frank Lautenberg of New Jersey, US Eukor obtains $680M facility French holiday group eyes Norway Clarksons spreads net wider MISC sells its bulk carriers Santos dredging to begin Irish Ferries to suffer full strike New S America-US Gulf service Price war claims Dart Line service Indian oil clarifies Iran project Ministry to sell inland group

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DECEMBER 2, 2004
UPS to pay $100M for China network United Parcel Service buying out most express operations of partner Sinotrans in deal that will put UPS trucks, staff and infrastructure in hottest Asian market. TNT sets $300 million for China logistics Antwerp eyes dredging suit Belgian port charges Netherland delaying river deepening to aid Rotterdam expansion. Limit on Delaware traffic Study KOs Brunswick box plans Intermodal gets boost from Norfolk Southern budget Canada offers port security funding Trailer Bridge closes K. Corp. buy Stonepath could be de-listed KCS expands transload network NASSTRAC offers 'Logistics 101' seminar Parker to succeed Sterling at P&O Schenker expanding India operations

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DECEMBER 2, 2004
Did Halliwell want to sell CP Ships, asks Canadian analyst A Canadian securities firm has suggested that Frank Halliwell's shock resignation as CP Ships CEO after just six months was provoked by a dispute over whether to sell the business. Sir John Parker to succeed Lord Sterling as P&O chairman WestLB exits stake in Hapag-Lloyd parent TUI CWC to invest in textile trade prospects after WTO quota system goes Brazilian ports establish new records in container movement Maritime box-trade to hit 112.5m TEU in 2005, while Hamburg heads for 7m TEU NYK Line and TSK spin out domestic Japanese liner services Raimondo retiring as head of Canadian Atlantic conferences

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DECEMBER 2, 2004
Citgo: no policy change 'We will take single hulls - we prefer doubles.' Evergreen nears Samsung order Taiwanese giant finalising deal for three huge containerships in South Korea. Tanking! Falling crude prices, OPEC fears and negative Smith Barney report have made a tough week for tanker stocks. Precious says goodbye to debt Profitable Thai bulker owner to use cash to pay back borrowings next year. Cargotec gets bigger Kone makes $248m parting gift of equipment rival MacGregor ahead of planned demerger. NK ok for UK Japanese society will now have blanket approval to survey British-flag ships. Citgo rejects single-hull tanker US subsidiary of PDVSA giving signals it will take only double hulls in wake of Athos I fiasco in Philly. Sterling 'not talking post-P&O' But shipping stalwart expected to concentrate on cars-for-the-disabled charity after May. Athos I discharge begins Offloading stricken panamax set to take days and clean up of Delaware River months. TTS gets a lift Top marine equipment supplier reorganises as leading investor cashes in on record orderbook. Restis wins MISC bulkers Greek owner's First Financial Corp triumphs in closed tender with $740m bid for 32 vessels. Excel still buying bulkers Gabriel Panayiotides's Excel Maritime Carriers has taken three new purchases to the bank. Sterling to step down in May P&O finally names successor to chairman who became the public face of British shipping. Farstad's decade-long deal Norwegian owner to order two supply ships backed by long-term Norsk Hydro charters. Olympic orders at Aker Brattvaag yard to build platform supply vessel for Norwegian owner. James Fisher buys again UK shipping group builds its marine services arm once again with three new nuclear and offshore companies. ASL seals terminal charter Singapore firm puts pen to paper on ten-year deal for floating Indonesian coal handling facility. Titan takes Progress Dynacom triples its money on VLCC sold to expanding China-backed shipowner and oil trader. PacBasin opens in Shanghai Hong Kong handysize player joins the throng of owners and brokers opening an office in China. Japanese ink RasGas II charter Four-strong consortium fix LNG carrier newbuilding on 25-year charter to Qatar LNG producers. Halim Mazmin collects $30m Malaysian owner hands over the first of two 2,680-teu boxships sold to Mediterranean Shipping Co.

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DECEMBER 2, 2004
Halliwell resigns as CEO of CP Ships "K" Line adds Asia/PNW capacity Trailer Bridge buys Kadampanattu Corp. Frontline to spin off Bermuda dry bulk shipping arm Parker to succeed Sterling as P&O chairman CCNI applies ISPS surcharge to European/Mediterranean cargo Nordana introduces ISPS surcharges Crowley increases rates for Costa Rica vehicles UPS acquires Chinese express network for $100 million IBM completes takeover of Maersk Data DHS to host cargo security summit Dec. 16-17 Kuehne + Nagel to add logistics facility in Turkey Portland loses Pacific service

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DECEMBER 2, 2004
Fjord Line plea rejected by shipping minister An offer by Fjord Line to halt the process to flag out to the Faroe Islands if net wages were ... Polish seafarer to leave EU-flagged ships A large number of Polish seafarers are to leave EU-flagged vessels as a consequence of Poland membership of EU ... LoI for 12 ice strengthened tankers Oslo shipbroker Ole-Jacob Libaek has signed a letter of intent with a Vietnamese yard for 12 ice- strengthened shuttle ...