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Shipping News

Caution over EC plan on liners
THE European Commission's recently published White Paper on liner shipping conferences has received cautious responses from both the liner shipping industry and from shippers' representatives.
India's clogged ports risk project delays, say steelmakers
INDIA's efforts to attract more than US$20 billion of steel industry investments to the eastern state of Orissa may founder on delays in building the ports, roads and railways needed to transport coal and iron ore, steelmakers said.
Bangladesh port law row may be settled soon
THE ongoing legal row over Bangladesh's protectionist port law may finally be drawing nearer to a close after a government-appointed monitoring committee has said it will recommend the legislation be repealed.

Strait Talk

It's endgame for shipping conferences
AS expected, the European Commission last week unveiled its White Paper on Liner Shipping.

Port Shots

Port Shots
ANGLO-French Channel tunnel operator Eurotunnel sales fell in the third quarter as it suffered from strong competition and price cuts.

web site

Shipping News

Caution over EC plan on liners
THE European Commission's recently published White Paper on liner shipping conferences has received cautious responses from both the liner shipping industry and from shippers' representatives.
India's clogged ports risk project delays, say steelmakers
INDIA's efforts to attract more than US$20 billion of steel industry investments to the eastern state of Orissa may founder on delays in building the ports, roads and railways needed to transport coal and iron ore, steelmakers said.
Bangladesh port law row may be settled soon
THE ongoing legal row over Bangladesh's protectionist port law may finally be drawing nearer to a close after a government-appointed monitoring committee has said it will recommend the legislation be repealed.

Strait Talk

It's endgame for shipping conferences
AS expected, the European Commission last week unveiled its White Paper on Liner Shipping.

Port Shots

Port Shots
ANGLO-French Channel tunnel operator Eurotunnel sales fell in the third quarter as it suffered from strong competition and price cuts.

web site

Shipping News

Caution over EC plan on liners
THE European Commission's recently published White Paper on liner shipping conferences has received cautious responses from both the liner shipping industry and from shippers' representatives.
India's clogged ports risk project delays, say steelmakers
INDIA's efforts to attract more than US$20 billion of steel industry investments to the eastern state of Orissa may founder on delays in building the ports, roads and railways needed to transport coal and iron ore, steelmakers said.
Bangladesh port law row may be settled soon
THE ongoing legal row over Bangladesh's protectionist port law may finally be drawing nearer to a close after a government-appointed monitoring committee has said it will recommend the legislation be repealed.

Strait Talk

It's endgame for shipping conferences
AS expected, the European Commission last week unveiled its White Paper on Liner Shipping.

Port Shots

Port Shots
ANGLO-French Channel tunnel operator Eurotunnel sales fell in the third quarter as it suffered from strong competition and price cuts.

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95pc of US-bound boxes unchecked: Senator John Kerry Foreign buyers flock to Canton Fair Tianjin port to undergo radical expansion Exel to stage logistics conference in Singapore MOL, Nurminem Deepsea cancel agency agreement Yingkou-Yantai-Quanzhou service up and running Foreign investment terms in mainland logistics firms may be relaxed FedEx doubles flights to China HKIA handles record air cargo in September Alitalia sees red with expected loss of EUR515 million

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MOL upgrades Asia-MidEast liner service network Leading lines' margins in for squeeze Coastlink established to tackle issues affecting North Sea & Baltic box shipping CMA CGM acquires terminal in Malta MacAndrews doubles Liverpool-Spain sailings SIPG, HPH form port development JV Yang Ming to spend $ 601 m on new boxships Rickmers appoints new agents PTP sets new record Varun Shipping net rises by whopping 315 pc in Q2 GE Shipping orders 2 MR product carriers New Shipper Review notification stayed Ellerman to become Hamburg Sud Texprocil delegation in US to enlarge market share IOC may import naphtha through Paradip Port Garment exports post robust 16 pc growth in H1 Petronet LNG may set up terminal near Cochin Port Pendency at NSICT reduced by nearly 5,000 TEUs to 13,184 TEUs JNP congestion: Possible solutions India's FDI policy is most liberal, says Kamal Nath Finance Ministry to offer Rs 300-cr. aid for grain exports CPO imports not meeting carotenoids norm to attract 75 pc duty Cabinet clears Customs pact with EC Plan panel may review duty on inputs used in steel making ECGC bags Indira Gandhi Rajbhasha Award again Talk on 'Marketing as Strategy' at IMC tomorrow Interactive meeting with Aussie Minister at IMC on Oct. 26

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OCTOBER 19, 2004
Onus on charterers as tribunal says on-spec fuel is not enough British tribunal finds that for bunkers to be 'on spec' is not enough under English law, in a case that could have important implications for future bunker disputes. BP Marine: Abatement breakthrough 'close' Speaker for oil major tells delegates at the Bunkering in Americas Conference, Miami, that tests on abatement technology are close to completion but admits that the initial impact will be restricted to a few companies. Former employees give damning evidence against supplier Second witness from Singapore supplier in case against surveyor tells court of systematic remuneration of employees for short-supply of bunkers. Falling cargo stalls Fujairah spot enquiries Suppliers report little buying interest as market begins to fall. Taiwan flat after last week's gains Hong Kong still tight as resupply approaches Bunker players in Hong Kong were hopeful today that relief for tight IFO grades in the port is on its way. Rotterdam soft with crude, distillates plummet Bad weather hampers salvage, fears over ship's possible contents Bad weather conditions have been hampering the salvage operation of the BBC China. Fuel oil on board is much less than originally thought, but worries voiced over contents. South Korea: Fundamentals set to improve on low export margins High sulphur fuel oil exports to fall 20% from October as bunker market provides a more profitable outlet, bunker suppliers forecast better fundamentals for November. Singapore refiners see continued good margins in Q3 Singapore refiners report solid Q3 performance amid continued high demand, although fuel oil margins lag those of higher value products.

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OCTOBER 19, 2004
Total Performance Management - new service for maximum IT security EU Commission gives green light to Germany's promotion package Panalpina World Transport celebrates 50th anniversary MAN on a roll AirTran Airways resumes flights to Caribbean Ellerman to become Hamburg Süd Cargologic AG gets new COO

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OCTOBER 19, 2004
OMI reports another record quarter Tankers to pay for Panama oil plan Varun profit soars Quiet week on piracy front Extended contracts for Fred Olsen drillships

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OCTOBER 19, 2004
Carnival orders two for AIDA NTSB delays release of S.I. ferry docket Ship operating costs rise significantly

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Castrol boss warns of lube oil price hike Castrol Marine managing director David Gilmour blamed the projected hike on the massive increase in base stock prices - the main ingredient in engine oil - and increases in the price of crude and other non-based crude chemicals that have been hit by tightening supply Barclay brothers seek to snap up bargain Global BRITISH entrepreneurs the Barclay brothers are said to have expressed serious interest in buying stricken cable-layer Global Marine Meyer Werft clinches €630m Aida cruiseship contract MEYER Werft has won a €630m ($789m) order for two 68,500 gt cruiseships from Aida Cruises, the German branch of Carnival Corp, it was revealed yesterday. Running costs continue to rise with crews soaking up the lion's share Running costs for most ship types have continued to increase, with more expensive insurance, crews, and lubricants being three of the main factors, a new report shows, writes Tony Gray . Karine A crew jailed for gun-running THREE of the crew of Karine A, the cargoship seized by Israel two years ago on suspicion of gun-running, have been given long prison sentences by an Israeli military court, writes David Osler.

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OCTOBER 19, 2004
Kerry's box remarks "misleading" "TERRIBLY misleading" is how US Customs Commissioner Robert Bonner termed Democrat presidential contender John Kerry's remarks condemning the procedures for inspecting containers entering the country China GDP set to decline CHINA, the driver of the current shipping boom, will see a fall in growth of Gross Domestic Product (GDP), economists have predicted.... Full story Box builder Singamas to raise $43M CONTAINER manufacturer Singamas Container Holdings will be raising HK$338.5M ($43.4M) cash through a share placement for expanding its container manufacturing facilities in China.... Full story Cosco Corp to sell ageing bulkers COSCO Corporation (Singapore) has sold a 42,300 DWT bulk carrier Sea Swan to China's Baoyuan Shipping as part of its strategy to phase out ageing ships.... Full story Pan Canal posts best safety record THE Panama Canal Authority has beaten its previous safety records, with only ten accidents for FY2004.... Full story P&O Cruises ponders Princess P&O Cruises, the UK branch of Carnival Corp, may take up one of the two 116,000gt Caribbean Princess class vessels ordered by the parent company.... Full story OMI profits surge Brown bows to EU Customs challenge Operating costs up for 2003 Murmansk fertiliser terminal bought LA/LB casuals not working Ransom paid to pirates Nenaco president steps down Santos invests in alcool terminal Concerns over grounded BBC China Tallink considers merger or listing

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OCTOBER 19, 2004
Charter rates continue to soar Sky's the limit amid scarce capacity as carriers turn to each other for ships while brokers see world trade growth extending forecast for historic rally. Carriers' security fee discussion group foundering U.S., Canada to team on Hong Kong box checks Yang Ming sets weekly Tacoma service Bush signs homeland security funding U.S. to appeal WTO cotton ruling Stores cutting free shipping for holidays CN, CPR co-op to speed Vancouver boxes Asian Economic Community proposed Pact for S. American trade blocs Australia losing some container services Oakland, FedEx in solar deal

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OCTOBER 19, 2004
VPA attracts more distribution centres Developers and logistics firms are flocking to Virginia, lured by an avalanche of imports from China. In less than a month, a developer and a logistics firm have bought property less than 10 minutes from Virginia Port Authority's (VPA) three main terminals. Gothenburg offers to help out with port congestion elsewhere Daewoo wins USD 434 million order from AP Moller-Maersk Still more vessel orders from German owners Kombiverkehr falls out with Oekombi Rail4chem snatches first international Hupac shuttle Canadian railways cooperate to improve Vancouver service

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OCTOBER 19, 2004
Bankruptcy judge clears ACL disclosure Approval sets up vote on US barge operator's restructuring plan. Bergesen crewman's death under probe Worker plunged from deck of gas carrier Hekabe off Florida. Canal locks up safety mark Accidents never lower in Panama's 90-year service. Yards on the block Croatia to start selling off chunks of some big shipbuilders next year. Golden Fountain of cash Frontline and Euronav pocket $60m for 1995-built single-hull VLCC. Varun roars on Indian tanker and gas carrier player sees earnings jump in first half as fleet expands. China Merchants plots expansion Chinese group will spend $1.3bn developing facilities at Shenzhen, including shiprepair operation. Great Lakes ferry finds new backers Lake Ontario operator picks up new investors after service suspended. Carnival orders again Group will pay EUR 630m to expand German-language AIDA brand. TOP extends Vitol tie up Evangelos Pistiolis' US-listed tanker arm is lengthening a six-ship charter deal. Transinsular lines up fleet growth Portuguese liner operator earmarks funds for up to six newbuildings over next five years. Stena confirms Fosen newbuilds Swedish ferry operator opts for two ro-pax vessels from Norwegian shipbuilder for North Sea service. NSCSA rides tanker wave Saudi Arabian VLCC owner almost trebles third quarter profit in hot market. Prestige 'could break ABS' Mans Jacobsson is afraid of what might happen if his IOPC wins a lawsuit. Thoresen takes Beate Thai shipowner confirms delivery of second of two Oldendorff handysize general cargo ships. Legal eagles battle over ghosts A US court could decide if more so called 'ghost ships' are to be allowed to go for scrap in the UK.

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OCTOBER 19, 2004
China Shipping leaves U.S./Mediterranean joint service U-Freight appoints Wang in North China M.O.T. Intermodal picks Management Dynamics software DOT awards China routes to all-cargo carriers Canada begins use of biometric IDs, shifts immigration functions Solar energy to power FedEx's Oakland facility DHS plans changes for C-TPAT, adds more cargo security measures BIS proposes rule requiring more compliance from exporters IANA, NIT League and TIA hold meetings in San Antonio USTR chief appeals WTO over cotton subsidy ruling Stonepath Group names Totah CEO, Arovas president Xterprise introduces RFID compliance technology Seattle gets overflow traffic from congested California

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OCTOBER 19, 2004
Stena Line will invest SEK 235 million (EUR 25.9 million) in a conversion and up-grading project of the ro ... More support for ship recycling More support is forthcoming for a mandatory scheme to ensure a legally binding and globally applicable ship recycling regulations. By ... Twin cruiser order to Meyer Werft Meyer Werft has secured an order for two cruise ships from Carnival's German subsidiary Aida Cruises. The order is said ...