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Shipping News

Liner trades may grow faster in 2005: Drewry
FOLLOWING a banner year in 2004, the liner shipping industry can expect to put in another strong performance in 2005 with a soft landing likely in 2006, according to UK-based Drewry Shipping Consultants.
Top Vietnam shipping exec sacked for graft
A top executive from Vietnam National Shipping Lines has been sacked following a police investigation into corruption within the government-owned corporation, state media said yesterday.
Korean yards post 15% jump in orders in nine months
HYUNDAI Heavy Industries, the world's largest shipbuilder, and eight other South Korean shipbuilders won orders through September worth 15 per cent more than the same period last year helped by higher prices.

Admiralty Casebook

Overruling of jurisdiction clause upheld
THE Singapore Court of Appeal last month upheld a High Court decision that an admiralty action in Singapore could go ahead notwithstanding an exclusive jurisdiction clause in a bill of lading in favour of Korean courts.

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Shipping News

Liner trades may grow faster in 2005: Drewry
FOLLOWING a banner year in 2004, the liner shipping industry can expect to put in another strong performance in 2005 with a soft landing likely in 2006, according to UK-based Drewry Shipping Consultants.
Top Vietnam shipping exec sacked for graft
A top executive from Vietnam National Shipping Lines has been sacked following a police investigation into corruption within the government-owned corporation, state media said yesterday.
Korean yards post 15% jump in orders in nine months
HYUNDAI Heavy Industries, the world's largest shipbuilder, and eight other South Korean shipbuilders won orders through September worth 15 per cent more than the same period last year helped by higher prices.

Admiralty Casebook

Overruling of jurisdiction clause upheld
THE Singapore Court of Appeal last month upheld a High Court decision that an admiralty action in Singapore could go ahead notwithstanding an exclusive jurisdiction clause in a bill of lading in favour of Korean courts.

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MOL changes Asia-Middle East service Fuzhou plans additional 45 berths by 2006 China to standardise shipping on Pearl River Key management changes made at Hamburg Sud TNT prepares for Singapore's anticipated biotech boom MSC Texas makes maiden call at Long Beach Conditions ideal for deep water port in Maoming Panalpina sees H1 revenue growth Volga-Dnepr starts regular Sheremetyevo flights Northwest puts new executive team in place

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'Banner year' 2004 for liner shipping may continue into 2005, says Drewry report GE Shipping sells two OSVs Consolidated Shipping Line forges ahead in NVOCC sector Maersk wins double honour at Asia Logistics Awards 2004 Addl textile export quota for Q 4 to be released Services exports eligible for duty credit entitlement to be identified HIV/AIDS awareness workshop held at Indira Dock Concor starts operation at ICD-Desur ...stops handling scrap from West Asia Star Track Terminals' first CFS to open at ICD-Dadri tomorrow NITC to unveil 'revolutionary' plan for tanker trades in Caspian Sea at SMEM 2004 Export Import Workshop to start 16th batch tomorrow

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OCTOBER 14, 2004
US military reveals fuel requirements for the coming year The US Defense Energy Support Center (DESC) has said it will require around 128 million barrels of fuel in fiscal year 2005, which began October 1. The figure includes a significant amount of residual fuel and marine diesel. US light crude rebounds ahead of inventory report Crude prices on the NYMEX showed a late rally last night and continue their bullish run in after hours trading. Oil tanker grounded off Danish coast

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OCTOBER 14, 2004
Ports and Unions protest at EU ports directive revival Brussels set to ban conferences, threaten pools Braemar and Spectron in FFA venture MOL upgrades Asia - Middle East services Stolt-Nielsen's strong Q3

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OCTOBER 14, 2004
Texas/Mexico ferry service planned Fincantieri unit to supply gensets for Lockheed Martin LCS $9.7 million Navy contract for Todd Pacific

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OCTOBER 14, 2004
Ports of Vancouver and Portland sign Intergovernmental Agreement Portland Port Commission Oks Terminal 4 land sale CSXT manager presented AAR environmental award Coast Guard releases latest list of targeted ports Port of Vancouver, USA welcomes maiden voyage vessel

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Lines are 'fizzing with anger' over surcharges RELATIONS between container lines and their customers have plunged to new lows, with surcharges driving a huge wedge between the two sides, a shipper representative claimed this week. Willis plots $10.5bn takeover of bigger rival Aon RAPIDLY expanding broking group Willis is understood to be mulling a $10.5bn-plus takeover bid for its bigger rival Aon. If a deal takes the form of a merger, it would value the new set-up at around $16bn. No review on MCA death rate failing THE Maritime and Coastguard Agency's apparent failure to stop the rising death rate off the UK coast will not be subjected to an independent review, the government confirmed this week.

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OCTOBER 14, 2004
Vinalines chief fired for graft THE Chairman of the Vietnam National Shipping Lines (Vinalines), Vu Ngoc Son has been sacked following a police investigation into alleged corruption at the state-owned company Gambling vessel to appeal LA CRUISE, a gambling vessel ordered to leave US waters by the Coast Guard, has been given a stay of the order pending an appeal UK charts rise of merchant fleet FIGURES released today by the UK's Department for Transport reveal rapid growth in the country's shipping fleet and a significant rise in the revenue generated by shipping Crewman rescued after 12 hours FISHERMEN trolling for dolphin off the South Florida coast got more than they bargained for yesterday when they found Gurit Singh, 12 hours after he fell overboard Grounding damages coral reef CORAL reefs off Fort Lauderdale, Florida were extensively damaged by the grounding last week of the Handymax Federal Pescadores Rail boost for Felixstowe THE UK port of Felixstowe has received a major boost from the rail sector with completion of an upgrading of a key freight link with Nuneaton in the Midlands Controversial Keller set to return Transnet looks to reduce costs P&I clubs oppose Indian move EU seeks refund of French yard aid Metro looks to de-list Nenaco Accused stop to handle supplies Braemar Spectron to trade FFAs Brisbane chairman's resignation Shipping stocks fall across Europe Cool heads called for on ice class

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OCTOBER 14, 2004
MSC mega-ship calls LA-Long Beach First call of 8,000-TEU vessel at U.S. gateway portends future expansion in the trans-Pacific trades for carrier. FMC meeting to discuss NVO OSRA petitions Strike delays for Canada-U.S. trucks Report cites port security gaps UPS to hire 100 pilots Keller returns to LA as consultant Team USA: Portland, Vancouver link up Reject UP Mexico inspections plan, say pols Six killed in 747 freighter crash Japan aim of South Korea logistics drive Trade gap figures spark dollar decline Hamburg Süd retires Ellerman name

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OCTOBER 14, 2004
Budapest seeks river box link The port of Budapest is aiming to set up a river liner service for containers to and from Constantza next spring, according to Laszlo Somlovari, general director. Felixstowe's upgraded rail freight link opened The £40 million upgrade of the rail freight link between Felixstowe and Nuneaton was officially opened today. APM to operate Zeebrugge terminal Nhava Sheva to restrict import boxes Lines concerned at Durban delays Australian terminals set for ISPS charge Yang Ming (UK) and Orient Shipping to launch India/Dubai service Lines to levy surcharges at LA and Long Beach Leading Chinese terminals on course to meet annual targets Agreement close on Canadian strike Homeland Security funding approved Columbia River ports plan cooperative deal Yang Ming expands its fleet CSCL obtains guarantee for two post-panamax newbuilds

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OCTOBER 14, 2004
Nordic American rate boost Improved tanker market delivers healthy profit and record annual dividend to suezmax owner. Frontline plans SFL placement But company says disposal of remaining 65% stake in spinoff will not be completed by year-end. Ferry service to link US-Mexico Florida-based Sophlex Ship Management signs letter of intent for new operation. Sovcomflot to stay on course New chief executive Sergey Frank pledges to push ahead with energy focussed fleet renewal. Ezra pumps up profits Expanding Singapore offshore player takes advantage of buoyant oil and gas market. Aframaxes get piece of action Middle East to Asia rates reach record level as demand grows worldwide. Ellerman name to disappear Hamburg Sud retires Eastern Med brand as it unifies operations under its own banner. Shinwa to shine Japanese tanker and bulker owner raises profit forecast as demand improves. 'Digger' joins Wilh Wilh A fresh graduate of an investigative journalism course hopes her new employer has nothing to hide. Britannia seeks 7.5% rate rise General increase points to lower protection and indemnity rate hikes at February renewal. Bulker damaged coral Costly claims are in prospect after divers find extensive damage to a Florida reef where Federal Pescadores grounded. Jag Arpan not gas free Preliminary investigation into Jurong Shipyard tanker flash fire points to procedural shortcomings. Korean orderbook tops $50bn Yards' drive for more high-end business pays off as contract value rises 15%. Teekay tanker grounds Double-hulled Luzon Spirit spends 11 hours on Fredericia sand bank after getting caught by current. TACA counters congestion Shippers to pay extra for cargoes into and out of Los Angeles and Long Beach because of delays. BC Ferries seals bond issue Canadian owner raises $200m after completing public offering of 30-year senior secured bonds. Indian sailor saved Crewman who fell overboard cargoship spent 12 hours in Atlantic before rescue off Florida. Stolt profits climb But investors seemingly unimpressed as share price slips in Oslo and New York. US hold Grieg bulker Open hatch ship Star Alabama makes September's nine-ship strong port state control detention list. Collision restricts Houston Tug forced to beach after collision in US waterway with Barclay Shipping's bulker Napoleon.

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OCTOBER 14, 2004
Congestion triggers TACA surcharge at Los Angeles, Long Beach Report: Eastbound Pacific traffic up 16% in July Hamburg Sud to stop using Ellerman affiliate name Hamburg Sud reshuffles executives in Argentina, New Zealand NWA Cargo raises fuel surcharge Date set for FMC discussion of NVO petitions FMC considers OTI applications Hong Kong-based Cargo Services opens shop in U.S. China trade hearing postponed Unions to oppose EC port liberalization proposal APM Terminals gets concession to operate Zeebrugge terminal

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OCTOBER 14, 2004
Tug cut the power-cable to Bornholm A Swedish captain on a Swedish-owned, Norwegian-flagged tug has been charged by the police in R'nne on Bornholm ... End in sight for liner conferences The EU Commission has issued a white paper that could be the end for liner conferences. The Commission proposes that ... No more room for car carrier consolidation International competition authorities would quickly stop any further consolidation in the car carrier business, according to Wilhelm Wilhelmsen, chairman of ...