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Shipping News

Qingdao Port plans listing to fund expansion
THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume
JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official
THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending
CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET
CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.

Air and Land Transport

EADS wins 3b euro Arianespace order
EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year

Port Shots

STX wins US$90m order for two ships
STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.

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Shipping News

Qingdao Port plans listing to fund expansion
THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume
JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official
THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending
CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET
CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.

Air and Land Transport

EADS wins 3b euro Arianespace order
EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year

Port Shots

STX wins US$90m order for two ships
STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.

web site

Shipping News

Qingdao Port plans listing to fund expansion
THE Qingdao Port Group is the latest Chinese port aiming for a stock market listing in order to help finance capacity expansion as it aims to join the top 10 club of the world's busiest container ports.
Jurong Port doubles volume
JURONG Port more than doubled its container throughput in April, handling 48,000 TEUs, compared to just 21,000 TEUs in the same month a year ago.
Suez Canal to handle VLCCs by '06: official
THE Suez Canal will be deep enough to accommodate very large crude carriers for the first time in its history when dredging is completed in 2006, a Suez Canal Authority official has said.
Canada to boost port security spending
CANADA said it would spend an extra C$115 million over the next three years to boost the security of its ports and help them compete with the United States.
TANKER MARKET
CHINESE buyers cut their price offers for ships to be demolished to a five-month low as demand for scrap steel in the country declined.

Air and Land Transport

EADS wins 3b euro Arianespace order
EUROPE's largest aerospace company EADS is to sign a three billion euro order with European space consortium Arianespace to supply 30 Ariane 5 rockets, industry sources said yesterday.
New Alitalia chief braces for tough rescue mission
Boeing bets on Middle-East to propel demand for its 7E7 jet
SriLankan adds weekly flights to Calicut
JAL posts biggest-ever annual loss; sees turnaround this year

Port Shots

STX wins US$90m order for two ships
STX Shipbuilding Co, South Korea's seventh-largest shipbuilder, won an order valued at about US$90 million to build two container vessels for Reederei Klaus E Oldendorff of Germany.

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P&O Nedlloyd posts turnaround in Q1 Rate reduction possible at end 2005, says Weber Hamburg Sud increases TEU, FEU rates Singapore, Jordan end FTA negotiations Eurogate, MSC form JV: MSC Gate Bremerhaven Cathay makes changes to senior management Jet Airways to fly to Nepal TSA negotiates $37.5M deal to bolster Chicago O'hare security Kitty Hawk to lease seven Boeing 737-300SFs

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MSC voted 'Shipping Line of the Year' by Lloyds Loading List once again - Also bags customer service awards for 2003 Dubai launches $ 430-m shipping firm JV with Abu Dhabi, Omani govt companies G-20 rejects farm tariff reduction formula Pak may buy 1 lakh tonnes of soyameal IT exports to UAE may go up by 25 pc Textile exports can touch $ 30 bn in 5 years: Official Myanmar lifts ban on Indian poultry Enlarged EU will help IT companies: ESC Steel industry cool to China economic slowdown Mormugao Port Trust holds first TOLIC meeting for 2004 Shortage of rakes disrupts coal movement, coastal shipping services at Vizag Port India up by 16 notches on competitiveness list Forex reserves swell by $ 611 million to touch $ 118.5 billion Govt may cut import duty on soya oil Foreign Trade Analysis: Current Policy & Procedures DGFT logs on to digital signature facility in Chennai AEPC to hold 'Made in India' apparel show in the US in June Separate Ministry for aquaculture sought PHDCCI formula to give textile units cutting edge globally Letter to the Editor - Coastal shipping needs encouragement

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MAY 10, 2004
Cape Africa bunker transfer on hold again, hope for Tuesday Latest attempt to extract bunker fuel put on hold after salvors run out of daylight hours. Gibraltar strike speculation discounted Rumours pertaining to a strike had been circulating in Gibraltar on Friday afternoon, but so far players say they have not been substantiated. Crude prices plummet after Saudi supply suggestion Influential oil minister suggests OPEC should discuss an increase in quotas and announce a decision at the June 3 meeting. Bunker supplier takes key role in 'clean products' venture UAE government-owned oil company looking to 'fill an expanding global niche' for double-hulled clean products transportation. Rotterdam softens as crude falls Bunkers 'absorbing' cargo influx despite price dip Chinese absence could see lack of demand for Asia-bound fuel oil cargoes as widening west-east cargo price differential sparks renewed arbitrage interest, say traders.

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Columbia Group launches new websites New rail strike in France on May 13 DHL opens first Express Logistics Center in Brazil New partners for Power People Logistic Group Martinair opens offices in the Americas AANA - Joint Service by ANL/ACE O'Hara joins growing IAM Group

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MAY 10, 2004
"Almost 95%" of Liberian fleet meets ISPS Nordic American fixes suezmax to Gulf Navigation Trailer Bridge reports for 2003, expects profit in Q1 2004 Broker Seawise pulls out of tankers Canada pledges C$115m for port security Stolt Nielsen puts back AGM Cape Africa salvage glitch K Lines fixes time charters for new VLCCs Panama dominates Central America port volumes Changes at the top for Colombo DY EC approves Belgian rubbish barge subsidies US lawmakers press for security checks on all ships

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MAY 10, 2004
Navy marine mammals may get smoother commute Art Anderson completes first phase of Stolkraft vs. RIB study Liberia on track for ISPS compliance Plan approvals, verifications on track

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MAY 10, 2004
Construction project shutting down Port of Tacoma Road on Wednesday Royal Olympic loses spot on Nasdaq Stock Market Seattle lawfirm adding attorney with Russian background Crowley brings back tugs for Bay Area service Stelmar works out deal to lease back vessel fleet

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Maersk to lose millions after Iraq U-turn on Khor al Zubair MAERSK'S five-year agreement to run a key Iraqi port is set to be ripped up without compensation, following an Iraqi decision to put port sector modernisation out to tender. Møller-Maersk in Hyundai rig row AP Møller-Maersk and Hyundai Heavy Industries, two giants of the shipping world, are locked in battle over ownership of an oil rig that should have been completed a year ago. Safmarine ship marks milestone THE first of three vessels ordered by Safmarine and purpose built for the West Africa trades was named on Saturday, writes Janet Porter. MHI reassures investors after Hamanasu blaze MITSUBISHI Heavy Industries spent yesterday dampening investor alarm over a second fire at its Nagasaki yard that has done undetermined damage to another nearly complete passengership.

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MAY 10, 2004
Iraq: threat to foreigners at Basra CONFLICTING reports are coming out of Iraq concerning the extent of damage caused by sabotage against a pipeline near Basra on Saturday, and a previously unknown group has threatened to kill foreigners in the city Iraqi Ports plans $1Bn investment THE Iraqi Ports Authority has plans for 60 new berths "over the next five to 10 years" to be developed at a cost of around $1Bn UK rejects national port strategy The UK government has rejected calls for a national strategic plan on port expansion despite being told that a clear statement on future planning is "essential" Job threat at struggling Pemex MEXICAN oil giant Pemex was hit by a $93M loss during its first quarter, amid growing reports that up to 5,000 non-union jobs could be axed this year Bulker held for cleaning tanks A Turkish bulker, the 6596dwt TK Venice, was taken to Brest under escort on Friday after being caught voluntarily cleaning its tanks off the French coast Sherwood satisfied despite 1Q loss REFLECTING its traditional seasonal shortfalls in the ferry sector, Sea Containers reported a loss of $16.8M on revenues of $378M for the first quarter of 2004 NCL bond bid falls flat Victory for the LMX spiral re-insurers Confusion over crude exports at Basra EC hammer blow for Izar Everett takes off on aircraft deal Arctic project raises green concerns DFDS welcomes Lisco's Traveller Protectionist Koreans issue warning MISC clarifies vacancy position Boxship market reaching plateau

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MAY 10, 2004
Oakland truckers go back to work Harbor truckers returned to work at the Port of Oakland, ending a week of protests against soaring diesel fuel costs that slowed container truck traffic to a crawl. New highs for box charter rates Carriers feel new cost pressures on top of higher fuel bills and resistance by shippers to the latest round of freight rate increases. Trailer Bridge narrows loss Record volume for U.S. intermodal Taiwan eases cross-strait shipping rules Coalition inviting Iraq port bids Descartes loses Oxford to Management Dynamics EU ready to end farm export aid Pacific International Lines launches Asia/Australia service Sea Containers buoyed by box profits U.S. files WTO semiconductor complaint against China

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MAY 10, 2004
Settlement sees Oakland drivers lift port protests Striking truck drivers in Oakland are back at work today after being offered a 25% increase in their base rate and a 10-12% fuel surcharge to offset high diesel prices. Customs blow against 'grey' imports hits Russian shippers Recent rises in Russian duties have left shippers of lower-priced commodities out of pocket and less inclined to buy Asian goods, according to Jan Mortensen, general director, APL CIS. Port managed chassis pool to be launched in the US this month Additional Taiwan ports open for mainland shipments Rail shuttle aims at beating trucks for speed on Turkey to Germany route Dongnama to launch Korea/China/Russia pendulum service CN completes Midwest rail acquisition Oldendorfff orders two 3,500TEU containerships Virginia drops controversial tax plans

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MAY 10, 2004
Takeover bid for MC Shipping US investor goes after Monaco-based owner with pure-cash offer of $3 a share. Maersk Iraq pact to end Five-year port deal to finish early as coalition hands over power to Iraqi officials June 30. A perfect TEN? Tsakos Energy Navigation rampages to record quarterly earnings, revenues. Stolt stutters Maritime group says complex financial dealings of past year force delay of annual shareholders meeting. Bloody Monday Tanker stocks dive in US amid overall market swoon. Oman LNG profit climbs Middle East producer ups revenue as project expands. Nordic American plays it safe Five year deal for former BP chartered suezmax will underwrite spot market strategy for sisterships. Trailer Bridge reports at last US carrier reveals smaller loss for 2003 in overdue results statement. Star Reefers looks to reinvest After sale of largest vessels Aage Thoen has $40m to spend on developing business. Taiwan opens up China routes Boxship lines could soon sail directly between mainland and island state. TEN sells tanker Tsakos Energy Navigation continues to weed out older single hull tonnage. Hyundai talks up Qatar LNG talks Samho to be roped in on LNG ship construction but all to play for as discussions continue with all yards. Cape Africa oil transfer delayed Sea swell and tug mishap hold up bunker lightering operations. MISC fends off CEO speculation Malaysian giant discounts reports that succession has already been decided. Worker dead in STX blaze Another man in hospital after coating vapours catch fire in tanker at Korean yard. Precious rides bulker boom Expanding Thai bulker owner sees three-fold year-on-year increase in first quarter profits. Fire hits MHI newbuilding Blaze extinguished on ferry at Japanese yard in Nagasaki, scene of Diamond Princess fire. Navalmar in for MC Shipping Bogazzi-owned company revealed as joint buyer, with V.Ships, of contested Vlasov stake. Star sells to Chartworld Norwegian reefer owner picks up $26m from sale of Chacabuco class duo. Daewoo still hot for Hanjin Korean securities house maintains its 'overweight' recommendation on compatriot owner's stock.

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MAY 10, 2004
Carlyle Group seeks buyer for Horizon Lines Trailer Bridge finally reports 4th-quarter loss MarAd approves vessel re-flag and scrapping New 2,100-TEU ship joins Safmarine's fleet NYK sets up Korean bulk and energy shipping arm Seabulk licenses docking technology to Spanish tug operator Suntek and its former president settle illegal export charges U.S. names 16 countries to receive MCA aid U.S. agencies seek safe radioactive material transport input Canadian agency imposes duties on steel fuel tanks from China, Taiwan ITC rules Canadian hog imports injure U.S. producers U.S. exporters' textile advisory committee to meet

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MAY 10, 2004
36 daily departures from Tallinn to Helsinki Tallink's fast ferry "AutoExpress 3" will be put into the Tallinn-Helsinki service on 14 May. The number of daily ... A.P. Møller-Mærsk sells two more VLCCs A.P. Møller-Mærsk has sold the to last units of the first series of double-hull VLCC's, built in the ... Final permission to convert LNG newbuilding Crossgas Energy, which is a 50/50 joint venture of Golar LNG and Saipem, has obtained approval from Italian authorities ...