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Shipping News

Kuok carrier may buy part of MISC fleet
MALAYSIAN Bulk Carriers, a shipping company controlled by tycoon Robert Kuok, said it may buy part of a fleet of bulk vessels from the country's largest shipping company, Malaysian International Shipping Corp.
Busy S'pore sea lanes a danger to shipping?
ARE there too many incidents in Singapore waters? With Wednesday's accident just 5.5 km off Changi, this must be the question the shipping community is asking.

Admiralty Casebook

Vancouver port faces common law action
DOES the common law impose a duty on a monopoly port authority to provide access to its port on terms that do not unfairly discriminate between users or do not unreasonably disadvantage particular users? This is the question that could go to trial in Canada following a decision by the Supreme Court of British Columbia last month to refuse to summarily dismiss an action by a port user.

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Shipping News

Kuok carrier may buy part of MISC fleet
MALAYSIAN Bulk Carriers, a shipping company controlled by tycoon Robert Kuok, said it may buy part of a fleet of bulk vessels from the country's largest shipping company, Malaysian International Shipping Corp.
Busy S'pore sea lanes a danger to shipping?
ARE there too many incidents in Singapore waters? With Wednesday's accident just 5.5 km off Changi, this must be the question the shipping community is asking.

Admiralty Casebook

Vancouver port faces common law action
DOES the common law impose a duty on a monopoly port authority to provide access to its port on terms that do not unfairly discriminate between users or do not unreasonably disadvantage particular users? This is the question that could go to trial in Canada following a decision by the Supreme Court of British Columbia last month to refuse to summarily dismiss an action by a port user.

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Dalian Port Group and NYK sign development agreement HPH to develop six container terminals in Thailand UPS to buy out CNF's Menlo Worldwide forwarding unit CMA CGM acquires terminal in Malta Orient Shipping to launch IDX service Jiulongpo moves record 100,000 containers through September Hamburg Sud to increase Europe-SA rate next year Cargo demand increases in August for Korean Air Lufthansa welcomes adoption of Cargo 2000 in Germany UA to increase international flights, reduce domestic Aloha to launch service between San Diego-Maui

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Winter oil demand projected to raise tanker rates in last quarter SCI negotiating with BPCL, HPCL for bringing in crude shipments under new COA NTPC to get $ 354 m from Korean Exim Bank ADB to provide $ 6.5 bn aid over 3 years Exports up by 26 pc in April-July Textile machinery exports up by 29 pc Crude oil imports record 12.2 pc rise in April-August 2004 Constructive, result-oriented steps suggested at Task Force meeting on decongesting JN Port Railways considering 22 warehousing projects with private participation PM promises major tax reforms in 2005-06 Union Budget ...favours dedicated rail track for freight traffic Govt may partially restore DEPB rates Govt committed to developing 'Made in India' brand: Minister PM fixes DEPB rates for steel at February prices IFCs in SEZs may be exempted from securities transaction tax World Customs Organisation's move to ensure terror-free sea trade V. R. Sharma elected chief of Carpet EPC

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OCTOBER 7, 2004
WFS to offer online fuel purchasing - for jets US-based marine and aviation marketer World Fuel Services to enter strategic partnership designed to lower jet fuel costs. New IMO-compliant sample storage system unveiled In the wake of anticipated new low sulphur emission regulations, UK-based equipment manufacturer unveils new bunker sample storage system. SMP announces 2004 safety and security award winners United States supplier Buffalo Marine takes award for best barge contractor. Singapore residual stocks rise again Residual stocks continue recovery from 12-month low, and even more arbitrage arrivals are expected in the next two weeks. Venice avails blight otherwise well supplied Italian market Suez avails severely restricted for October Avails now look like they will remain tight for all marine fuel grades for the balance of October. Rotterdam firms on continued bullish crude Six suppliers awarded full accreditation status by MPA Six bunker suppliers in Singapore were today awarded full accreditation status by the Maritime and Port Authority of Singapore (MPA). Shipowner agrees to $1.5 million pay-out after spill French owners agree to $1.5 million compensation pay-out eight years after oil spill. Mounting freight rates keep Europe-Asia arb firmly shut Fuel oil stocks in northern Europe are set to grow further with arbitrage opportunities blocked by surging freight prices. LA prices soar as incoming cargoes dry up Redirection of arbitrage cargoes to Panama and refinery turnarounds contributing factors as IFO380 prices quoted as high as $240 pmt. High bunker prices force fruit earning estimates down Rise in bunker prices contributes to US-based fruit marketer lowering earnings estimates for 2004.

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OHB Teledata and Truck24 become partners EU Commission: green light for Austria's intermodal promotion campaign TNT Logistics UK joins DLS for UK logistics bid Black figures at last for SNCF AirBridgeCargo launches new freighter services Launch of DFDS' fifth ro-ro newbuild from Flensburg Shipyard Rakkenes joins P&O Nedlloyd board

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OCTOBER 7, 2004
ESPO opposes new EC ports directive bid Hutchison wins Thailand deals Frontline raises US$15.7m to fund suezmax ITF claims Dutch court "victory"

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OCTOBER 7, 2004
Lamont Doherty acquires research vessel American Superconductors and Northrop Grumman form alliance Intermarine affiliate buys Houston terminal AIS receivers to be mounted on NOAA data buoys

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OCTOBER 7, 2004
Schnitzer Steel sees record fiscal year income Port of Vancouver, BC open despite labor woes Greenbrier board taps Benjamin Whiteley as chair Anthony's will operate restaurant in revamped Shilshole Bay Marina Port of Bellingham marina at top EnviroStars level

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Tanker share prices shatter records on rocketing rates SHARES in listed tanker owners climbed to new highs yesterday on record charter rates and the expectation of huge gains in earnings. Stocks surge amid Hong Kong euphoria TRADERS saw a roaring day for shipping lines at the Hong Kong stock exchange yesterday, many stocks leaping more than 5%. Espo in last-ditch move to block ports directive EUROPE'S seaports association has made a last-ditch appeal to the European Commission aimed at blocking publication of the latest directive on access to port services. Doubt over Mangouras release hint SOURCES close to Apostolos Mangouras, master of the Prestige, have reacted cautiously to reports that he will soon be allowed to return to Greece pending trial in Spain. GFI sets up dry freight team DERIVATIVES brokerage GFI has plundered London rivals SSY and FIS to build a launch team trading dry freight in London and Singapore, writes Neville Smith. Global Marine set to axe six cableships GLOBAL Marine, the British shipping company specialising in subsea cable work, is understood to be on the verge of axeing six of its 15 cableships, as part of the administration process announced on Monday.

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OCTOBER 7, 2004
USCG opposes state oil spill law COAST Guard officials are asking Massachusetts governor Mitt Romney to postpone enforcement of a new state law relating to maritime oil spills in waters adjacent to the state Intermarine buys heavy-lift berths NEW Orleans-based Intermarine has purchased the Joe D Hughes terminal in Houston, Texas, from Halliburton subsidiary Kellogg Brown & Root Olgebay fails to lift protection OLGEBAY Norton, the second-largest US Great Lakes shipping line, has run into a legal problem in its bid to emerge from bankruptcy protection Bulker grounds in US THE 40,864dwt bulker Federal Pescadores grounded yesterday evening off Fort Lauderdale, Florida, while attempting to anchor Balau jumps ship for Alianca CRISTOVAO Balau, president of Brazilian container terminal owner Libra Terminais, has shocked the local shipping community by leaving to join the Hamburg Sud group Dim future for UK lighthouses A NUMBER of UK lighthouses may be replaced as part of the future strategy of the UK and Ireland's three general lighthouse authorities Consultant slams unnecessary course Portuguese point finger at PSA NVO bills of lading in court B&N and Gorthon to merge French fine MSC Nicole Fine for Great Barrier Reef pollution Have your say! Belgian manning sector improving Belgian flag re-emerges Heung-A seeks to exit receivership

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OCTOBER 7, 2004
Edwards faults Bush on port security Campaigning In New Jersey, vice-presidential candidate says Bush administration sacrificing homeland security while spending billions in Iraq. LA-Long Beach shorted on skilled longshore jobs Rail issues pinch box handling at Port of NY/NJ U.S. infrastructure biggest challenge to China trade Tonnage tax gets panel approval Stop razing warehouses, NY port exec warns Majority support new contract, says ILA chief "K" Line sets new U.S. all-water calls Baragona new U.S. president of CMA CGM Customs allows petro export drawback Intermarine buys Houston terminal U.S. files WTO complaint against Airbus Japan lines ordering 600-plus vessels

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OCTOBER 7, 2004
Quantity does not matter for the CSX tender Only players with global experience in port and terminal development will be able to get the CSX deal, said an analyst in Hong Kong. German rail gets EC-backed state-aid The EC has approved German state-aid aimed at improving direct rail access at shippers' premises, the transport department in Berlin will now rapidly commission the planned links. Heung-A applies to end the court receivership Chilean docker fights for life after troop attack NYK explores into further possibilities in China Russian transport policy must focus on international integration Japanese funds to expand Korean free trade zones Osprey launches US Gulf service German carriers increase Europe/ECSA rates Upgraded Ipswich Tunnel handles first hi-cubes Hutchison confirms Laem Chabang concession

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OCTOBER 7, 2004
Tanker stocks soar US-listed operators post across-the-board annual highs. Somat doubles up Bulgarian owner plans to build another ferry for expanding Black Sea freight line. No more spills Dutch minister Karla Peijs preaches the no more Erika or Prestige incidents gospel. Famous old name makes return Gorthon and B&N aim to draw on grand Swedish tradition by calling merged group Transatlantic. Kuok throws hat in the ring Malaysian Bulk Carriers says it is looking at MISC bulker fleet. Volgaflot under spotlight Competition authorities examine Russian owner's river tourist trade. Loading arm hits ship Bulk carrier trapped by collapsed conveyor at bauxite terminal. Schroeder combs yards for candidates Germany's ruling party could tap Meyer Werft for a new parliamentarian. Philippines gives shipping a push New law to boost domestic owners and yards, as well as improve safety. Intermarine buys project terminal Halliburton has sold its Houston heavy-lift terminal to its biggest customer there. Swedish partners re-unite Forestry products specialists B&N Nordsjofrakt and Gorthon Lines are merging again eight years after splitting up. Gorthon investors eye premium Swedish owner's merger with B&N should represent increase in share price of smaller partner. Bulker and boxship collide Singapore sees second collision in three weeks as Sincere capesize and MSC feedership clash. Owner fined over Aussie spill Cairns court hands out $61,000 fine for 80km slick after hi-tech track down of offending bulker.

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OCTOBER 7, 2004
Hamburg Sud raises Europe/South America rates CMA CGM (America) names Baragona president MacAndrews adds Russian link to intra-Europe network United cuts domestic flights, redirects to international ones Supreme Court hears oral argument in Norfolk Southern v. Kirby case Academy of Sciences shoots down Corps' lock expansion study USDA publishes voluntary security guidance for food truckers EC allows $43-million subsidies for Italian road-sea links Senate drops cargo security amendments from intelligence bill Ex-Im Bank continues insuring exports to Iraq Roper Industries acquires TransCore Holdings U.S. cites dumping of South African aluminum CLM elects Richards president Senior Accenture executive appointed strategy director of Exel group European ports ask EC to reconsider new port liberalization proposal Intermarine group acquires Houston breakbulk terminal

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OCTOBER 7, 2004
Stolt in new, US anti-trust problems Information derived from a statement by the Odfjell chartering manager Erik Nilsen is being used by the US Justice Department ... Concern for spill risks from Russian exports Willem de Ruiter, head of European Maritime Safety Agency (EMSA), has warned that the current provisions to cope with increased ... Gorthon and B&N to merge The Boards of the Swedish shipowning groups B&N Nordsj'frakt and Gorthon Lines propose a merger of the two companies ...