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PSA Int'l stokes its expansion drive
HOT on the expansion trail seemingly on all fronts, PSA International is one of three international groups bidding for a 30-year concession - worth 100 billion baht in revenue - to build and operate six new berths at Thailand's Laem Chabang Port.
Philippine port operator's overseas foray pays off
OFFSHORE ventures, particularly those in Europe, are paying off well for listed International Container Terminal Services Inc , the Philippines' first and only overseas cargo handler.
PTP places order for more cranes
FOLLOWING the recent completion of two new berths under its phase 2 expansion, the neighbouring Malaysian Port of Tanjung Pelepas has placed an order for three super post-panamax quayside cranes and 15 rubber tyred gantry cranes.
Qatar to order world's biggest LNG tankers
BTL MASTERS CHAMPION

Port Shots

PORT SHOTS
CHINA Harbour Engineering Co Group and Societe Belge des Beton SA are among the six foreign companies invited to bid for a US$320 million contract to expand the Khor Fakkan container port, the United Arab Emirates' second largest.

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Shipping News

PSA Int'l stokes its expansion drive
HOT on the expansion trail seemingly on all fronts, PSA International is one of three international groups bidding for a 30-year concession - worth 100 billion baht in revenue - to build and operate six new berths at Thailand's Laem Chabang Port.
Philippine port operator's overseas foray pays off
OFFSHORE ventures, particularly those in Europe, are paying off well for listed International Container Terminal Services Inc , the Philippines' first and only overseas cargo handler.
PTP places order for more cranes
FOLLOWING the recent completion of two new berths under its phase 2 expansion, the neighbouring Malaysian Port of Tanjung Pelepas has placed an order for three super post-panamax quayside cranes and 15 rubber tyred gantry cranes.
Qatar to order world's biggest LNG tankers
BTL MASTERS CHAMPION

Port Shots

PORT SHOTS
CHINA Harbour Engineering Co Group and Societe Belge des Beton SA are among the six foreign companies invited to bid for a US$320 million contract to expand the Khor Fakkan container port, the United Arab Emirates' second largest.

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Hapag-Lloyd not going IPO, says parent company China Merchants Holdings profit rises China's transport sector set to boom PTP aims to boost handling capacity with new cranes Blueprint for China/Singapore rail links unveiled S Indian container terminal achieves 1 million TEU mark Qantas trading halted Runway to be improved at Newark airport New York-Bristol service to be offered by Continental

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Mekong Shipping Line to commence feeder service between Kolkata/Haldia & Singapore 11 pc rise in exports to CIS region Exporters anticipating surge in foreign currency inflows, rush to take forward cover Dumping duty on PVC paste resin from EU WTO ruling against US vindicates India's stand, says Kamal Nath JNPT not to allot land for Navi Mumbai SEZ Mundra SPM may prove boon for IOC & other refineries Global tenders invited to develop Gopalpur port project Services exports: Panel to survey potential areas, suggest reforms Sethusamudram project may be inaugurated this year Finance Ministry lightens exporters of 2 pc education cess burden SEZ for auto components, IT, apparel to come up near Chennai AEZ to come up in Chhindwara Tax Tribunal gets Cabinet nod Central excise norms on petro goods amended CII launches IRM service Nalco bags Best Exporter Award EXPORT OF HANDMADE PAPER -by Mr Bose K. Nair

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SEPTEMBER 8, 2004
Bunkerworld Asia team: New office details Bomin Singapore achieves ISO and QMBS Oil major launches Suez supply operation New supply service is up and running this week as major enters Egyptian bunker market. Surveyor ready to reverse guilty plea Reports today claimed that Vigneson Subramaniam, the latest surveyor to be embroiled in the recent corruption scandal in Singapore, has retracted an earlier confession. Ex-Fratelli chief behind new bunker company The former managing director of Fratelli Cosulich (Singapore) and a broker who also recently left the company have joined forces to launch a new bunker trading house in Asian bunkering hub. Bearish market gives Piraeus players selling incentive South Korea quiet in the wake of latest typhoon Rotterdam up from morning levels Algeciras to welcome new double-hull this month Spanish supplier Repsol YPF is expecting delivery of a new double-hulled barge at the end of this month and hints at expansion in the straits. KIC moves to accommodate growth

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SEPTEMBER 8, 2004
Australia: Tradegate upgrades ExportNet Hong Kong and Beijing agree further trade liberalisation Hungaroweiss offers new destinations Switzerland: Hochrheinterminal open for business Unions say no to Alitalia's restructuring plan Hapag-Lloyd to remains a 100% TUI subsidiary James Evans leaving EIM

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SEPTEMBER 8, 2004
Rochester-Toronto fast ferry suspends operations Aker Yards gets Ultra Voyager order, merges Finnish yards Call for NIS overhaul

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European shipyards in major shakeup Majorrestructuring of European shipbuilding is under way, but coincidence rather than co-ordination is its defining feature. Price is right for RCCL's second Ultra Voyager ROYAL Caribbean has ordered a second Ultra Voyager cruiseship at Kvaerner Masa-Yards at an all-in dollar cost that is "essentially the same" as the first order, the company announced yesterday. Jean Richards quits Fairwind for Datatrac Jean Richards is leaving Fairwind Shipping after almost 20 years with the company best known for the provision of ship recovery services to the banking industry, writes Tony Gray.

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SEPTEMBER 8, 2004
Ivan halts energy production HURRICANE Ivan, which moved through the Windward Islands on Monday, has forced several major energy enterprises to suspend operations and evacuate employees Great Lakes fast ferry suspended THE troubled new Great Lakes fast ferry Spirit of Ontario abruptly suspended operations today due to crippling start-up debts Lassa suspected in seafarer death THE bulk carrier Overseas Marilyn is at anchor off Galveston, Texas in quarantine after a crew member is suspected to have died of Lassa fever Sand deposits close Canaveral FLORIDA'S Port Canaveral, which was in the direct patch of Hurricane Frances when it made landfall, remains closed today because of massive sand deposits STX outlines Pan Ocean plans THE chairman of STX group has outlined the company's plans for Pan Ocean Shipping, for which STX is the preferred bidder Unions reject Izar proposal SHIPYARD unions in Spain have rejected plans put forward by the Madrid government yesterday to privatise or close four of Izar's merchant shipbuilding facilities Ultra Voyager 2 order confirmed Strike goes ahead at Auckland Typhoon leaves 8 dead, 20 missing Torm still interested in Norden Strike impact being exaggerated MSC restructures Baltic network French continue pollution fines Shatt-al-Arab hopes raised Sovcomflot considers privatisation Aker to merge Masa with Finnyards

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SEPTEMBER 8, 2004
NCBFAA: Tariff proposal falls short Customs brokers group says FMC exemptions does not go far enough to free NVOs from outdated tariff publication system. Yellow Roadway raises estimates Trucking company raises third-quarter earnings outlook, citing higher prices for its services and better cost controls. Port Canaveral closed indefinitely Malaysia port denies Singapore deal Mixed ruling in U.S.-Brazil cotton fight Cosco Pacific first-half profit up Strike hits Auckland port DHL opens Denver sort center Bangladesh port charges to rise Hong Kong, China in air pact Exports lift HK cargo G-Log updates visibility software

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SEPTEMBER 8, 2004
Cosco Pacific says it will maintain agressive terminal expansion Cosco Pacific said today that it will continue to expand its terminal operating business, but executive vice chairman Liu Guoyuan was silent on any bid for Kwai Chung's CT3. Delays double as cargo clogs Southern California ports Major congestion at LA/Long Beach means that 22 containerships and eight other vessels were kept waiting at anchor on September 7. Charter index surges as owners drip feed bull market Auckland strike may be just the beginning Kunsan reduces port fees Boston gets CHKY ad MSC volumes boost Nothing to wine about as Australian exports grow

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SEPTEMBER 8, 2004
Chinese port attracts AP Moller Danish group forms joint venture with Xiamen port to develop new box terminal. Nordcapital funds swell German KG punters are reaping where Erck Rickmers sowed. TMM scrapes itself off floor S&P lifts credit rating for Mexican transport group out of default and up four classes. Hudner son in fatal crash The son of Michael Hudner is dead after a car wreck in Rhode Island. Smedvig buys out Statoil Offshore contractor pays $175m to take full control of drillship West Navigator. Carnival tallies cost of Frances Worst hurricane disruption in group's history as ten cruises cancelled or cut. Finnish merger for Aker Kvaerner-Masa Yards to assume Aker Finnyards name and swallow up the current Aker Finnyards. Norwegians slam flag Owners flee the "bureaucratic, expensive and not particularly service-oriented" NIS. Precious fixes ex-MISC bulker Charter of twenty-year-old bulker expected to net Thai owner pre-tax profit of $2.44m over next four to six months. Life's a gas for Skaugen Norwegian owner expects its Norgas ships to propel it to a second-half pre-tax profit twice that of the first six months. RCCL goes ahead with Ultra Royal Caribbean finally exercises option for second in series despite adverse foreign exchange rates. Steel prices cost Odfjell $32m Norwegian owner confirms ships seven and eight at Szczecin but hardware forces series cost up 7%. Chu Kong on the up Hong Kong ports and shipping group boosted by Pearl River trade in first half. MOL to buy hotel group Japanese shipowner broadening property interests with bid to raise stake in Daibiru. Canaveral still closed Two more Carnival liners diverted to Miami as Florida cruise port struggles to restore operations. HMM takes Apollo Akama Hyundai Merchant Marine beats off other tanker owners to capture Idemitsu single skin VLCC. Paulson lifts NOL stake US investment firm critical of NOL board snaps up 18m more shares in liner to logistics company.

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SEPTEMBER 8, 2004
U.S. investor Paulson raises stake in NOL China Shipping plans ISPS surcharges for European ports Delmas passes on ISPS costs in Italian ports Lufthansa to add direct China route FedEx chief Smith to lead industry committee on security Menlo provides compliance software for Canadian importers G-Log releases updated trade management software COSCO Pacific rides 40% growth in Chinese port volumes P&O Ports, Cooper/T. Smith merge Norfolk activities

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SEPTEMBER 8, 2004
No strike on Öresund passenger vessel The strike on the passenger vessel "Turasund", in traffic between Malm' and K'benhavn, has been called off. The Swedish Merchant ... Promises from new Norwegian shipping minister The Norwegian government is currently working to improve operating conditions for Norwegian shipping, according to the new shipping minister Børge ... Second Ultra Voyager ordered from Aker Yards Royal Caribbean International has ordered a second Ultra Voyager cruise vessel from Kvaerner Masa-Yards, which is a part of ...