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PSA's headhunt is to man volume surge, new berths
PSA Corporation's plans to hire more than 60 new crane operators is not related to its large-scale retrenchment exercise last year, but is based solely on attrition, unexpected volume growth and expansion, the head of the port workers union said.
S Korean oil tanker refuses Iraq call on security fears
A supertanker owned by a South Korean oil company has refused to load at Iraq's Basra oil terminal because of security concerns, the second Asian-owned tanker that has refused to load there this week, shipping brokers said.
Nine missing as pirates throw crew overboard
NINE Indonesian seafarers are missing after pirates threw them overboard after boarding and hijacking their tug in Indonesia's Bangka Strait on Sunday.
Wanted: foreign capital to build world's largest shipyard
CHINA's top shipbuilder wants to enlist foreign capital in a US$1.2 billion dream to build the world's largest integrated shipyard on a tiny island off Shanghai.

Air and Land Transport

Korean Air likely to post loss of 19.6b won in Q2
KOREAN Air Co, South Korea's largest carrier, may post a second-quarter loss as higher fuel price raised costs and a weaker currency increased the size of its foreign debt when converted into won.
Austrian Airlines reports 37% jump in passenger traffic
Virgin Blue to bid for slice of govt travel budget
United to defer pension payment
Atlas Air wins court approval for revamp
LOG Book

Admiralty Casebook

Charterers win appeal for reduced demurrage
THE English Court of Appeal last week overruled a judge who had decided that a clause in a voyage charterparty that referred to the 'breakdown' of equipment or machinery should only operate if the breakdown was unexpected.

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Shipping News

PSA's headhunt is to man volume surge, new berths
PSA Corporation's plans to hire more than 60 new crane operators is not related to its large-scale retrenchment exercise last year, but is based solely on attrition, unexpected volume growth and expansion, the head of the port workers union said.
S Korean oil tanker refuses Iraq call on security fears
A supertanker owned by a South Korean oil company has refused to load at Iraq's Basra oil terminal because of security concerns, the second Asian-owned tanker that has refused to load there this week, shipping brokers said.
Nine missing as pirates throw crew overboard
NINE Indonesian seafarers are missing after pirates threw them overboard after boarding and hijacking their tug in Indonesia's Bangka Strait on Sunday.
Wanted: foreign capital to build world's largest shipyard
CHINA's top shipbuilder wants to enlist foreign capital in a US$1.2 billion dream to build the world's largest integrated shipyard on a tiny island off Shanghai.

Air and Land Transport

Korean Air likely to post loss of 19.6b won in Q2
KOREAN Air Co, South Korea's largest carrier, may post a second-quarter loss as higher fuel price raised costs and a weaker currency increased the size of its foreign debt when converted into won.
Austrian Airlines reports 37% jump in passenger traffic
Virgin Blue to bid for slice of govt travel budget
United to defer pension payment
Atlas Air wins court approval for revamp
LOG Book

Admiralty Casebook

Charterers win appeal for reduced demurrage
THE English Court of Appeal last week overruled a judge who had decided that a clause in a voyage charterparty that referred to the 'breakdown' of equipment or machinery should only operate if the breakdown was unexpected.

web site

Shipping News

PSA's headhunt is to man volume surge, new berths
PSA Corporation's plans to hire more than 60 new crane operators is not related to its large-scale retrenchment exercise last year, but is based solely on attrition, unexpected volume growth and expansion, the head of the port workers union said.
S Korean oil tanker refuses Iraq call on security fears
A supertanker owned by a South Korean oil company has refused to load at Iraq's Basra oil terminal because of security concerns, the second Asian-owned tanker that has refused to load there this week, shipping brokers said.
Nine missing as pirates throw crew overboard
NINE Indonesian seafarers are missing after pirates threw them overboard after boarding and hijacking their tug in Indonesia's Bangka Strait on Sunday.
Wanted: foreign capital to build world's largest shipyard
CHINA's top shipbuilder wants to enlist foreign capital in a US$1.2 billion dream to build the world's largest integrated shipyard on a tiny island off Shanghai.

Air and Land Transport

Korean Air likely to post loss of 19.6b won in Q2
KOREAN Air Co, South Korea's largest carrier, may post a second-quarter loss as higher fuel price raised costs and a weaker currency increased the size of its foreign debt when converted into won.
Austrian Airlines reports 37% jump in passenger traffic
Virgin Blue to bid for slice of govt travel budget
United to defer pension payment
Atlas Air wins court approval for revamp
LOG Book

Admiralty Casebook

Charterers win appeal for reduced demurrage
THE English Court of Appeal last week overruled a judge who had decided that a clause in a voyage charterparty that referred to the 'breakdown' of equipment or machinery should only operate if the breakdown was unexpected.

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Super-carrier CSCL-Asia sets out from Hong Kong NYK, MOL to help operate China's Xinsha Port Car Carrier Terminal Obtaining Int'l licence for Chinese freight forwarders made easier Hamburg Sud christens the Monte Cervantes in Korea TMM Lines upgrades transpacific services Indian rail service embarks on maiden voyage to Nepal CSX World Terminals expands Pusan management team New Dragonair A320 to be used on 'secondary' China routes K+N MD discusses merits of Cargo 2000 phase 2 Malaysian Airlines chairman dies at 69 Kansas airport registers rise in May air freight

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Wan Hai upgrades to independent CMS service Move to extend tonnage tax option to dredging companies Indian companies to build Chabahar port in Iran India, Chile to discuss measures for improved bilateral trade ties next month India, Bangladesh discuss scope for alliances in textile sector Kakinada ports hum with shipping activity Feeder operators hike congestion surcharge at CCT to $ 50 per TEU Central sales tax may be waived for EOUs too DEPB benefits for steel exporters only from date of notification Domestic coal demand met by imports: Minister GAIL takes a fancy to Ennore LNG terminal project Need to moderate market economic policies stressed at GIFT workshop Mumbai Port's Class III & IV employees stop work

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JULY 15, 2004
Singapore suppliers unperturbed by OPL ban Singapore's bunkering community were mostly unperturbed it seems by yesterday's announcement that the Maritime and Port Authority (MPA) intends to impose new conditions on Off Port Limits (OPL) bunkering. Barging crisis looms in Peru Only one from four bunker barges in key port Callao currently available to make bunker deliveries. Container carriers slash bunker adjustment factor No end in sight for Genoa supply-squeeze Brisk demand from contract customers leaves Genoa spot market dry, while other ports in Italy cope with summer season. New O.W. team member returns to London Dan Bunkering centres Asian operation in China International bunker trader sees arrival in China as the first step to expansion into other provinces. Rotterdam rebounds with crude surge Singapore: MPA slaps ban on OPL bunkering The Maritime and Port Authority (MPA) of Singapore has said that it intends to impose additional conditions on the operation of bunker barges involved in Off Port Limits (OPL) operations - effectively banning the practise from July 20. Crude markets surge on bullish US stock data Crude on the NYMEX seems to be easing down slowly this morning after yesterday's surge.

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JULY 15, 2004
Second Basel International Hazardous Goods Conference TrenStar joins Microsoft RFID Council RFG welcomes Transport for London's rail freight plans CAT Logistics buys MG Rover's Xparts New rail line planned to link Burkina Faso to the coast Aeroflot continues fleet renewal Port of Ipswich handles first Australian shipment DPD Switzerland - Georges Champoud succeeds Jean-Noël Rey

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JULY 15, 2004
Shipping industry unites over shore leave issue ITF backs ISPS Code but warns on casual labour Stolt's better Q2 but anti-trust probe extends to tank containers London's new cruise terminal EC green light for Italian Register changes

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JULY 15, 2004
New push to loosen security restrictions on shore leave Major lobbying effort planned for World Maritime Day Speedier Title XI processing? DOT says new department-wide Credit Council should enhance efficiency Corps seeks towboat Invitation for bids out soon

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JULY 15, 2004
Corps eyes emergency work on Columbia River jetties Greenbrier Companies reports improved earnings for quarter Portland Port Commission extends Terminal 4 lease with Kinder Morgan Port of Vancouver hires firm for Columbia Gateway permitting FedEx teaming up with US Commercial Service

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Seafarers from new EU states sacked as owners try to jump gun on court ruling SHIPOWNERS are sacking seafarers from the new European Union countries rather than wait for a court ruling which could lead to an increase of on-board pay, Lloyd's List has learned. Wade's holding company could ease out names PLANS by insurance entrepreneur Michael Wade for a new consolidator holding company that would coalesce a series of Lloyd's underwriting vehicles could squeeze out another tranche of names from the market. Wade's holding company could ease out names PLANS by insurance entrepreneur Michael Wade for a new consolidator holding company that would coalesce a series of Lloyd's underwriting vehicles could squeeze out another tranche of names from the market. KOTC set to order three product carriers KUWAIT Oil Tankers Co is close to placing orders for three product carriers, with the prospect of more vessels to come as part of a $1.7bn fleet revitalisation plan.

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JULY 15, 2004
Tanker market 'will stay healthy' THE tanker market will remain healthy, buoyed by a balance in supply and demand and by busy shipyards slowing newbuilding orders, Mitsui OSK Lines deputy chairman Tokinao Hojo told the World Shipping (China) Summit in Beijing today Philippines development study A Japanese funding agency will carry out a study on shipping development for the Philippines including the possibility of finance for coastal fleet renewal Alang workers in two-day strike SHIPBREAKERS at Alang shipbreaking yard in Gujarat stopped work on Tuesday and Wednesday to protest against the government's failure to reduce customs duty Cement wars at Tampico MEXICAN cement giant Cemex has obtained a court order to prevent the docking of a ship carrying cement from Russia to the Mexican port of Tampico Tanker fire kills one, injures four ONE worker was killed and four others injured when a tanker under repair at Lixin Shipyard in Pudong, Shanghai caught fire yesterday evening Saudi oil revenues to reach $100Bn OIL revenues of Saudi Arabia are expected to reach SR375Bn ($100Bn) this year against SR322Bn ($86Bn) recorded in 2003 ITF supports Israeli strikers Inbound boxes held at Miami Cosco's Wei urges measured response Genoa approves port investment Danish fund for Vietnam ferries Hectic HK debut for Pacific Basin Russia raises petroleum export duty Alaskan state hands over harbours Second tragedy at Carolina port Israeli port workers on strike

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JULY 15, 2004
Judge extends Miami boycott ban Admonishes truckers after they appear at hearing without lawyers. Suit contests ILA contract vote Union dissidents file suit seeking new ratification vote on longshore master contract. New oversight for Title XI program Time to act on EU sanctions, says House panel chairman Hampton Roads ILA ratifies local pact Hyundai quitting Portland service Senate expected to approve Australia trade pact Taiwan extends China shipping zones Double-digit boost for Boston boxes New Gulf-Colombia service Gains squeeze capacity at Rotterdam Feeders raise Chennai surcharge

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JULY 15, 2004
Israeli privatisation impetus spurs industrial action Industrial action at Israeli ports is finishing its second day, after the parliament's lower house passed port privatisation legislation yesterday. NordCapital presses capacity expansion to keep up with China drive Worldwide container demand will reach 534million TEU lifts by 2010, including 160m TEU in China, and will require enormous world capacity expansion, according to NordCapital Group chairman Erck Rickmers. Coast Guard 'not the most helpful entity' over S.American ISPS, say US forwarders Thailand shippers predict 11.5% throughput growth this year Boxtrain tests Nahodka-Brest route CN closes BC Rail transaction, bringing network integration closer Rostock aims to boost trimodal capabilities APL predicts continuing double-digit intra-Asia growth SITC launches China/Japan/Korea service CSXWT names management representatives for Pusan Newport project

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JULY 15, 2004
Security not the issue, says SK South Korean owner denies vessel refused to dock at Iraq, though fears persist. Stolt tank containers, now under US probe, is biggest in business Three of four industry biggies come under anti-trust scrutiny, but in other business sectors. Latvian axes ferry route Riga owner stops Latvia to Germany service due to lack of suitable charter vessel. The rich prepare to get richer Tanker owners should have no call to skimp on the champagne at this year's Christmas parties if JP Morgan's Jonathan Chappell's new earnings estimates hold. KOTC to order in Korea Hyundai and Daewoo are shortlisted for $1.8bn Kuwaiti newbuilding spree. Stelmar seals deal on older ships Sale-leaseback proceeds will help reduce company's debt load. Gulfmark sells down bonds Operator shaves 1% off coupon after issue of new notes. Wan Hai's $200m boxship splash Taiwan owner returns to compatriot shipbuilder for second trio of containerships. Yard worker dies in fire Four other men stable after incident on China Shipping Group vessel at Shanghai Lixin yard. Caspian Shipping gets busier Azeri tanker owner boosts oil cargo volumes by 15% in first half of 2004. Cape Africa arrives in Cape Town Damaged U-Ming capesize has been successfully towed into port by salvage tug. Schultz steps up Norden's Shanghai chief Thomas Schultz takes top job at Denmark's Thor Rederi. MPA in bunker clampdown Regulator imposes new condition on Singapore licenced tankers operating outside port limits. Number-crunched! Accounting changes expected to reduce Carnival EPS by up to 3 cents in fiscal 2004. Pacific Basin floats Shares in the handymax bulker operator have begun trading on the Hong Kong Stock Exchange. Navibulgar plots bulker order Bulgarian owner could turn to Varna yard, in which it holds a 25% stake, for $200m series of ships. The price of oil rises Number of dead and missing in tanker incidents more than twice last year's total as fires and explosions increase. Universal double for Cosco VLCC order spree begins with two ships at Japanese yard, the first of 10 potential orders. PSA acts to cut congestion Singapore port operator meets with owners to discuss potential solutions to surging volumes.

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JULY 15, 2004
MSC reshuffles, expands Pacific services Seafarers' unions, shipowners press for right of shore leave New 5,500-TEU ship for Hamburg Sud Yang Ming re-elects incumbent president, chairman Volga-Dnepr studies cargo hub in Siberia New European Railway Agency starts its work President Bush signs AGOA extension bill U.S.-Australia trade pact moves toward ratification SIRVA names Branch as senior vice president June inbound box traffic up 28% at Long Beach HHLA reports loss despite higher revenue

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JULY 15, 2004
Improved results for Stolt-Nielsen Stolt-Nielsen S.A reports a USD 14.9 million profit for the first half of 2004, up by USD 78.3 million ... Frontline and Ship Finanance International buy VLCCs Frontline is currently very active in the market. The company has taken over newbuilding contracts for two VLCCs built in ... World shipping in united front agains US treatment of seafarers The international shipping organisations International Shipping Federation (ISF)/International Chamber of Shipping (ICS), BIMCO, Intercargo and Intertanko have united with ...