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Use S'pore as launch pad for Asia, Yeo urges marine insurers
SINGAPORE made a strong case to the international marine insurance community yesterday to use the Republic as the launch pad for marine insurers into Asia.
Draw local investors to develop hull market
MORE local companies and businessmen should be attracted into investing in the marine hull insurance market here if this insurance sector is to develop and support Singapore as an international maritime centre.
FASC meet today marks a milestone
THE Federation of Asean Shippers' Council opens its 27th Annual General Meeting in Singapore today, marking the first time it has included shippers from Europe, Japan and the US in its discussions.
Filipino operator upgrades Brazil, Poland terminals
Ships capsize off Chin

Dockyard

Chemical tanker market set for growth
THE chemical tanker trades are likely to experience continuing healthy growth rates, according to a new study.

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Shipping News

Use S'pore as launch pad for Asia, Yeo urges marine insurers
SINGAPORE made a strong case to the international marine insurance community yesterday to use the Republic as the launch pad for marine insurers into Asia.
Draw local investors to develop hull market
MORE local companies and businessmen should be attracted into investing in the marine hull insurance market here if this insurance sector is to develop and support Singapore as an international maritime centre.
FASC meet today marks a milestone
THE Federation of Asean Shippers' Council opens its 27th Annual General Meeting in Singapore today, marking the first time it has included shippers from Europe, Japan and the US in its discussions.
Filipino operator upgrades Brazil, Poland terminals
Ships capsize off Chin

Dockyard

Chemical tanker market set for growth
THE chemical tanker trades are likely to experience continuing healthy growth rates, according to a new study.

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HK eyes expansion of cargo hinterland in China through proposed bridge Labour shortage threatens China boom area China continues observance of strict overloading regulations SSA plans freight rate hike PSA throughput rises 18.4pc over first eight months China shipbuilding industry still growing Savannah's Gate 3 complex completed TNT unveils China headquarters United to code share with TAP Air Portugal DHL to open sort centre in Denver

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Record-breaking yacht hitches a ride with Italia Line Norasia nominated as finalist in Asia Logistics Awards' Shipping Line category Port Community EDI Update Rlys' freight traffic exceeds target for April-Aug. 2004 Reshamsingh & Co. sets new benchmark in inland ODC transportation CONCOR joining hands with IDFC-AMC in major cold storage logistics project Canada Maritime comes to the aid of charity cyclist

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SEPTEMBER 10, 2004
Little change in Rotterdam late Friday Cura'ao reopens after Ivan, Jamaica battens down Ivan is the fiercest hurricane to hit the Caribbean islands in a decade. Gains in Baltic market silence buyers A couple of ports continue to enjoy brisk demand whereas buyers have been inactive elsewhere. Arbitrage arrivals hit five-month high as window closes West-East fuel oil arbitrage for October arrival seen at 2.2 million mt, but trader say firmer European markets have promted the window to close today. Rotterdam firm following crude rally Sakhalin bunker spill: Storm hampers clean-up efforts Stormy conditions prevent booms being deployed to limit the damage caused by bunker spill. New Iraqi joint venture bunker operation Malaysian shipowner in negotiations with Iraqi authorities to set up a joint venture bunker operation by the end of the year.

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SEPTEMBER 10, 2004
Online tool to evaluate hazardous material Jordan: projects for road freight transport Hellmann announces new partnership contract in Portugal Eurosib wins truck delivery tender for Surgutneftegaz Turkish Airlines reports healthy interim profit Scandlines upgrades Finland service SP Tan named as Exel director in Singapore

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SEPTEMBER 10, 2004
ITF launches Safety and Security campaign Concordia secures employment for 2 more P-Max ships Hurricane Frances closes Port Canaveral Brussels agrees to French inland waterways subsidies Royal P&O Nedlloyd "not in NOL talks"

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SEPTEMBER 11, 2004
USCG lists flags, port states with security problems Chouest continues aggressive newbuilding program ACL files reorganization plan

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SEPTEMBER 10, 2004
Study finds Port of Seattle brings billions to local economy Mike Thorne to leave Washington State Ferries Panama Canal Authority gets nine new patrol boats WTSA member carriers plan plastic scrap rate increase DOT taps Polar Air Cargo for new U.S. to China flights

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Insurers accused of dragging feet on Exxon Valdez LONDON market insurers are under attack by the Equitas reinsurance body for hampering its efforts to sort out a claims backlog. Panama set to renegotiate $1bn in port rent payments with Hutchison PANAMA'S newly elected government is set to renegotiate with Hutchison Port Holdings' local subsidiary following a decision by the prior administration to eliminate $1bn of total rental over its 50-year concession, writes Rainbow Nelson. BIMCO clauses 'favour shipowners' BIMCO's charter party clauses on the International Ship and Port Facility Security Code, which are designed as an industry standard, have been criticised for overwhelmingly favouring shipowners at the expense of charterers. IUMI attendance likely to be one of lowest AS THE International Union of Marine Insurance and its host member association in Singapore embark on this week's annual conference, it is clear that the event will attract fewer delegates, writes Denzil Stuart. Hotel fate checks in for Norway DISABLED veteran Norwegian Cruise Line cruiseship Norway, formerly the pride of France's transatlantic liner fleet , may yet return to its native land, as a luxury hotel, writes Andrew Spurrier in Paris.

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SEPTEMBER 10, 2004
Cochin looks to extend box rent COCHIN Port Trust and shipping agents are in dispute over the trust's move to charge ground rent on containers detained beyond the prescribed 75 days Savannah improves box capability THE port of Savannah, US has increased its gate capacity by 50% this week with the opening of its Gate 3 interchange, according to port spokesman Robert Morris Malaysians in Iraq bunker venture MALAYSIAN Merchant Marine Berhad is in talks with Iraqi Oil Tankers Co (part of the Iraqi oil ministry) to set up a joint venture bunker trading company Felixstowe fined after death THE UK port of Felixstowe has been fined '250,000 ($450,000) over the death of crane driver Dennis Burman on 17 June 2003 Mumbai seeks bulk berth bidders MUMBAI Port Trust is to float tenders to attract international port operators to manage bulk cargo berths at the port Boston (UK) sold for £5M Cido reveals Mipo intention Aker delivers Frisia L'beck Pertamina receives second VLCC Shanghai and Chengxi double up Bakri orders first LPGs Daehan diversifies Brazil finds finance for ports Ivan heads for Jamaica, Cuba Masa-Yards in Ritz cruise rumour

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SEPTEMBER 10, 2004
Corps to speed Va. terminal study Army Corps of Engineers says it plans to expedite environmental impact study of a plan for Portsmouth box terminal on Craney Island landfill site. NRDC offers port greening plan Cosco mulling Gulf port entry Port Canaveral re-opens to larger ships U.S. trims trade deficit Senate kills port security spending amendment U.S. official backs producers on China apparel curbs U.S. won't make formal complaint on Chinese currency Utah next for DHL expansion Storm delays for Fla. railroad Cosco Pacific eyes 15-20% profit growth Maersk invests in Chinese box terminal Some Brisbane dockworkers reject deal

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SEPTEMBER 10, 2004
Shipping lines will pass on Shenzhen construction surcharge Shenzhen Port will impose the first ever port construction fee of RMB80 (US$14.5)/TEU and RMB120 (US$9.7)/FEU on shippers from October 1, while transhipments will be exempt. OCEMA backs Virginia chassis scheme APMT contributes US$101m in Xiamen project Container volume between Japan and China surges K&N targets reefer market Two additional berths under construction in Fuzhou Plastic scrap rates up Conti names two 7,500TEU boxships

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SEPTEMBER 11, 2004
Charges against Stuve Bankrupt Tordenskjold is pressing criminal charges against its former principal. Ole Wikborg steps up Norwegian Hull Club executive takes on the task of scolding ill-disciplined underwriters. Second Caspian ro-ro arrested Azeri owner's ship held in Turkey in row over unpaid government debt. EADS 'could take' HDW stake The makers of Airbus want to be in on a European shipyard mega-merger. Tsuneishi chases Nenaco ships Philippine yard will try to seize troubled ferry owner's vessels again over unpaid bill. Chemtanker plans ship launch German-backed newcomer unveils design for versatile products tankers ' and it could build up to six in Turkey. Malaysian Merchant eyes Iraq MMM boss Shahrazi Sha'ari is negotiating bunker operation but has eyes on bigger prizes. More box rises in Gulf and Africa MARCO and EWATA containership groups line up rate increases from October and January. Grisly find in Maersk box Decomposing body discovered in container of Christmas trees that arrived in US from China. Another Mexican standoff Customs authorities are being accused of "entrapping" foreign-flag ships in need of fuel. Sakhalin dredger grounds Jan de Nul's Cristoforo Colombo spills 100 tons of HFO after being blown ashore by typhoon. Trico outlines survival plan Loss-making US offshore player to swap bonds for equity in proposed Chapter XI restructuring. CSAV sells out to Jebsen Chile's CSAV is cashing in its OBO holdings for $149.5m.

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SEPTEMBER 11, 2004
Temasek, Paulson raise stakes in NOL Matson, APL may not renew transpacific/Guam alliance MSC deploys first 8,000-TEU ship in Pacific trade Carriers raise U.S.-to-Asia plastic rates FMC reviews 11 OTI license applications Kuehne + Nagel buys Canadian company Grifcold U.S. Customs opens ACE portal test to customs brokers GSP status granted to promote Iraq trade New large ship-to-shore cranes for Tacoma Savannah adds terminal gate capacity Indian government approves Cochin private terminal

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SEPTEMBER 10, 2004
A.P. Møller-Mærsk orders again in Korea A.P. Møller-Mærsk orders again and this time it's container vessels from a 'new' supplier in South Korea. The Danish ... New terminal contract in China to APM Terminals APM Terminals ' the harbour arm of the A.P. Møller-Mærsk group ' has signed a joint venture contract with Xiamen Port ... Russia's Progetra signs long-time charter with Concordia We have chosen Stena as a strategic partner and we expect to order tankers together with Stena in the future ...