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Shipping News

Suez Canal reopens as tanker is freed
EGYPTIAN authorities reopened the Suez Canal yesterday after one of the world's major waterways was forced to shut for the first time in 30 years because of a stricken oil tanker.
India to tap Suez Authority for channel
INDIA may collaborate with the operators of the Suez Canal to dredge a 20 billion rupee channel in the sea between India and Sri Lanka, according to a statement by India's Shipping Ministry.
PSA, Jurong box volumes up in Oct
CONTAINERISED cargo volumes through Singapore continued to rise with both PSA International and Jurong Port recording increases last month, over the same period last year.
NOL cargo volumes soar on China growth
RCL posts record third quarter profit of 1.28b baht

Strait Talk

Controversy over amending vital anti-terror treaty
IF anybody ever held a competition for international treaties with bizarre names, the International Maritime Organisation's SUA Convention would be a strong contender.

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Shipping News

Suez Canal reopens as tanker is freed
EGYPTIAN authorities reopened the Suez Canal yesterday after one of the world's major waterways was forced to shut for the first time in 30 years because of a stricken oil tanker.
India to tap Suez Authority for channel
INDIA may collaborate with the operators of the Suez Canal to dredge a 20 billion rupee channel in the sea between India and Sri Lanka, according to a statement by India's Shipping Ministry.
PSA, Jurong box volumes up in Oct
CONTAINERISED cargo volumes through Singapore continued to rise with both PSA International and Jurong Port recording increases last month, over the same period last year.
NOL cargo volumes soar on China growth
RCL posts record third quarter profit of 1.28b baht

Strait Talk

Controversy over amending vital anti-terror treaty
IF anybody ever held a competition for international treaties with bizarre names, the International Maritime Organisation's SUA Convention would be a strong contender.

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NYK orders eight vessels Rotterdam Port switches to electronic declarations BAX Global offers services in Suzhou John Mullen appointed to DPWN Management Board Broken tanker halts Suez traffic Asia/WC South America Discussion Forum to increase rates in 2005 DHL invests EUR128 million in India Hactl throughput grows in October Lufthansa Cargo liberates young French wine FedEx to add Cologne to network Harbin-Hong Kong direct flight resumes Pilot Air Freight reports record Q3 results

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T. R. Baalu visits Suez & Panama Canals Cargo vessel runs aground, 11 missing Suez Canal blocked after vessel grounding SCI keen to develop box terminals Aiyar asks Pak to allow diesel imports Mumbai Port on the move Kerala govt to form company to oversee Vizhinjam ICTT development Umm Qasr port unaffected by state of emergency Steamer agents defer decision on 'congestion surcharge' at RGCT WTSA hikes origin equipment detention charges Rlys to play major role in direct trade with Nepal Future for feeder operators bright, says Rangnekar Govt asks Petronet to complete Dabhol LNG terminal project Plenty of infrastructural facilities & amenities at Vizag'Capt. Gopal

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NOVEMBER 9, 2004
Tesoro Petroleum Corp. changes name Supplier to north-western US states shortens name to represent new business focus. Florida bunker supplies 'not affected' by Morgan Stanley deal Florida bunker supplier TransMontaigne Inc. tells Bunkerworld that supply agreement with global investment bank does not include bunker fuel procurement. Syros Bunkering Station relaunched Athens-based bunker broker and trader announces start of operations at Syros Bunkering Station, particularly aimed at Black Sea trade routes. Fujairah continues to soften amid uneven avails Hong Kong avails set to improve from mid-November Suppliers say bigger fuel oil requirements can only be served after next cargo arrival. Vital waterway reopens The Suez Canal has been reopened today after a grounded tanker was successfully refloated, allowing vessel passage to resume. Rotterdam midday market snapshot No prime suspect in Puget Sound spill investigation US Coastguard says there is no definitive suspect in its investigation of last month's Puget Sound fuel oil spill. Renewed Chinese interest starves Korean bunker market Chinese uptake of straight run fuel oil from Korea has increased with the downtrend in prices, leaving the bunker market tight in most ports. Bunker spill threatens heritage site Collision sees force majeure on Russian Black Sea exports Force majeure declared on at least one fuel oil delivery with crude loadings also delayed as a result of an accident last week. Fuel oil removed from BBC China

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NOVEMBER 9, 2004
Roll Spedition installs active I-ware RID: changes to hazmat regulations for railways Bax Global: strong profit increase and freight volumes improve Advenza FreightBus pallet service started Air China wins control of Shandong Airlines Suez Canal blocked by grounded tanker SAS Cargo names new sales manager for North America

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NOVEMBER 9, 2004
Suez Canal re-opens US Gulf ports form security charges cartel Panama Canal transit figures up Passenger ship orders boost Schat-Harding Freight rate recovery boosts RCL Aker Yards raises profit forecast Jesper Clausen to head up V.Ships' Danish office

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Aker Yards to axe 700 Finnish jobs despite bulging orderbook NORWEGIAN-controlled shipbuilder Aker Yards yesterday announced plans to axe 700 jobs across its Finnish operations after their merger in the New Year, despite improved anticipated revenues of NKr12bn ($1.89bn) for 2004. Blocked Suez Canal reopens as tanker is refloated THE Egyptian authorities were able to reopen the Suez Canal yesterday morning, following a three-day closure caused by a tanker grounding on Sunday, writes David Osler. Frontline VLCC scores WS345 as rates rocket VLCC rates are moving to new highs in the current booming market with Frontline securing a charter yielding some $260,000 a day, writes Tony Gray. UASC nears eight-vessel boxship deal An order for eight large containerships is close to being finalised by the United Arab Shipping Co (UASC) to meet growing demand.

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NOVEMBER 9, 2004
Suez Canal reopens THE grounded 154,972dwt tanker Tropic Brilliance was successfully refloated in the Suez Canal this morning and towed to an anchorage about 7 n-miles away within the canal for a complete underwater inspection Yard mishaps cause concern THE president of the Association of Marine Industries in Singapore, Heng Chiang Gnee has expressed concern over the increase in the severity rate of shipyard accidents Seyang turnover, profits soar KOREA'S bulk operator Seyang Shipping, which had exited court receivership in September 2002, has reported a sharp rise in turnover and profits Sabine Pass agrees terminal deals THE proposed Sabine Pass LNG project on the US Gulf Coast announced terminal use deals today with Total and ChevronTexaco Mary Nour - 116 days later FINALLY arrested, but still unsure why, the Panamanian-flagged silo vessel Mary Nour has now been at anchor for 116 days in the Mexican harbour of Alta Mira Venezuela signs with Dominican Rep VENEZUELA continues to make inroads with Caribbean buyers, announcing a new preferential deal to supply oil to the Dominican Republic Oil removed from BBC China wreck Jamaica to import LNG from Trinidad Aker Finnyards to lose 700 jobs Hanjin Shipping makes record gains China will receive Russian oil Pakistan to import more wheat Global majors eye Ennore terminal Attica moves into freight ro-ros Transneft outlines pipeline details Sovcomflot chief replaced

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NOVEMBER 9, 2004
UPS hiring 70,000 workers for holidays United Parcel Service will also add two dozen jets on higher volume forecast. Narrow profit in quarter for Hanjin Revenues boosted by stronger rates, but currency slide hit earnings. Supreme Court rules on damages case Suez Canal reopened for traffic FedEx Ground plans Atlanta-area hub EDI fee for Northwest cargo New chief for national trucking group China logistics booms despite issue DHL to move international hub Korean Air aims for top cargo spot SCM helps SembCorp net Manila terminal moves 1 million TEUs

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NOVEMBER 9, 2004
Greens fail to prevent La Spezia dredge La Spezia appears to have won its long running court battle with environmentalists, with local sources saying the State Council has overturned an earlier ruling on dredging at the port. Suez cleared, services to resume later today Salvage experts successfully refloated the stricken tanker blocking the Suez Canal at 2.20am local time, operations on the canal are expected to resume later today. Insufficient dockers delays extended gates in California CSCL orders four new vessels from China Hanjin achieves record Q3 operating profits Growth in exports cheers ANZ wine growers KMTC cuts leasing costs with 4,000 box order Busan suffers low efficiency Zeebrugge looks for Chennai collaboration Former Oakland MD joins security lobby group

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NOVEMBER 9, 2004
Canal clearing backlog Suez chief Ahmed Ali Fadel promises waterway will fully return to normal within hours. Ultrapetrol bond buyback offer South American owner looks to purge itself of nasty covenants, as profits rise. Teco Coating recoils Tore Enger thinks hot tanker rates could mean a $50m annual market for his niche. Eight big boxships for UASC Abdullah Mady Al-Mady has tendered to build eight fast boxships of up to 7,000-teu capacity. Seaboard Marine fattens results The shipowning arm of agribusiness company Seaboard is going strong after a flat year. It's a bird, it's a plane, ... It's a revised prediction of Frontline's dividends over the next two years. Winner turns loser Greek bulk carrier master barred from US waters for being drunk in charge of his ship. Front Eagle soars to $260,000 And Frontline chartering director Stephen Eglin expects to see tanker earnings move even higher. V Ships opens in Denmark New office headed by Jesper Clausen will pursue financial deals. Aker cuts payrolls in Finland Aker Yards is elevating its profits prediction and its payroll axe at the same time. Concordia pockets $80m Sale of V-MAX VLCCs to newly-listed Arlington Tankers reaps handsome reward for Hans Noren & co. Suez tanker refloated Crisis over grounding that blocked the canal set to end, but tanker rates still soaring as waterway prepares to reopen. Hanjin flat on forex decline Year-on-year profits largely unchanged at Korean owner due to lower foreign exchange gains. China boxship coup Hudong-Zhonghua first Chinese yard to win post-panamax orders with five-ship deal from CSSC. MOL increases China-Manila links Japanese owner is chartering space from Chinese short sea carrier Shandong International Transport Co. Noble sees strong performance Chartering delivers "stellar results" at Richard Elman-run commodities and shipowning outfit. Smit to salve Cristoforo Colombo Dutch salvage contractor starts work to refloat dredger aground off Sakhalin since September. Cosco yard deals get green light Chinese regulators approve acquisition of Cosco Shipyard Group stakes by Cosco Corp and SembCorp. Profits rocket at RCL Thai intra-Asian boxship operator thrives on back of strong liftings and healthy rate restorations.

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NOVEMBER 9, 2004
OECD members discuss maritime policy with China, others Hanjin's operating income improves 28% NYK orders 8 Panamax boxships APL's volumes, rates rise MOL adds China/Philippines link FCC amends maritime rules Coast Guard charges Greek ship captain was drunk at helm Doerken ousted as head of DHL DHL Danzas Air & Ocean offers services within Alaska, Hawaii DHL to buy majority share of Indian delivery company U.S. labels NAFTA environmental report on GM corn "flawed" TOTALogistix names Cue to direct client development L.A.-Long Beach terminals speed up launch of off-peak gates Panama Canal tonnage up 10%, but transits slow New York-New Jersey Port Authority names Fox deputy executive director Cooper named acting director of Indiana Port Commission

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NOVEMBER 9, 2004
700 shipyard jobs to go in Finland Aker Yards has initiated a restructuring of its shipbuilding activities in Finland, similar to the processes at its German shipyards ... Scandlines buys large ro/ro vessel Today, the board of Scandlines is likely to confirm the purchase of the Norwegian-owned ro-ro vessel "Aurora", which ... Suez Canal to be re-opened today Sovcomflot's suezmax "Tropic Brilliance" was pulled off today after the grounding in the Suez Canal Sunday and will be towed ...