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Shipping News

More changes at PSA on the cards as veteran set to retire
MORE change is afoot at Singapore's global terminal operator PSA International with the imminent departure of PSA veteran Ng Chee Keong, who will go on to play a consultancy role for the organisation.
OOIL's Q3 shipping revenues up 28%
HONG Kong-based container ship operator Orient Overseas Ltd said yesterday revenues from its shipping business in the third quarter rose 28 per cent, thanks to booming international trade.
California cargo backlog 'critical', says union
THE two busiest US ports face a 'critical' backlog of cargo in Southern California because too few trained workers are in place to handle the overflow of goods, said the union representing dock workers.
Teekay's net income jumps to US$245m in Q3

Admiralty Casebook

Going the arbitration route to stave off lawsuit
AN English court last week ruled that a vessel owner that had a unilateral option in a charterparty to refer disputes to arbitration could exercise that option even though the charterer had already started court action against it.

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Shipping News

More changes at PSA on the cards as veteran set to retire
MORE change is afoot at Singapore's global terminal operator PSA International with the imminent departure of PSA veteran Ng Chee Keong, who will go on to play a consultancy role for the organisation.
OOIL's Q3 shipping revenues up 28%
HONG Kong-based container ship operator Orient Overseas Ltd said yesterday revenues from its shipping business in the third quarter rose 28 per cent, thanks to booming international trade.
California cargo backlog 'critical', says union
THE two busiest US ports face a 'critical' backlog of cargo in Southern California because too few trained workers are in place to handle the overflow of goods, said the union representing dock workers.
Teekay's net income jumps to US$245m in Q3

Admiralty Casebook

Going the arbitration route to stave off lawsuit
AN English court last week ruled that a vessel owner that had a unilateral option in a charterparty to refer disputes to arbitration could exercise that option even though the charterer had already started court action against it.

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Cepa II origin rules to be announced soon Schenker Terminals receive TAPA certification 24-hr customs clearence to be introduced at Russian border town HK throughput jumps 9.5 pc in September

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OCTOBER 21, 2004
South Korean refiner suspends bunker supply South Korean bunker market looks set to suffer tight supply and firm prices for balance of October. Petrobras seeks expansion near and far Petrobras manager tells Miami conference of plans to increase sales of low sulphur fuels in European and Asian bunkering hubs, as well as reviving bunker services closer to home. Regional cargo gains suppress Italian demand 'Disruption not destruction' as Tokyo Bay weathers latest storm As Typhoon Tokage moves on, players in Tokyo Bay find damage mostly limited to supply delays rather than infrastructure Demand expected to keep up with Singapore fuel oil arrivals Singapore fuel oil inventories see only slight rise this week, despite expectations of over 3m metric tonnes of cargo arrivals from the west this month. Rotterdam firm with continued congestion Saudi Arabia investing in desulphurisation technology for crude Saudi Arabia has said it is investing in desulphurisation technology to compete with sweet crude producers and meet the needs of refiners. Panama Canal imposes new tariff for oil carrying vessels The Panama Canal Authority has issued a new tariff of charges, in order to finance the implementation of its oil spill response program.

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Alacat 2004 from 7 - 10 November in Barcelona Quehenberger opts for GC3 transport management system Shippers optimistic over repeal of liner shipping anti-trust immunity Ford orders forklifts from Kalmar Tirana Airport Partners to run Mother Teresa airport MSC introduces Andes Express Service New head for CMA CGM Switzerland

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OCTOBER 21, 2004
GEM orders products tankers at Hyundai Mipo Broström's profit on tanker disposal B&N books specialist ships from Aker OMI buys back shares Brussels agrees to Italian tonnage tax EC approves Belgium port subsidies Stelmar pays advisers US$11m

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OCTOBER 21, 2004
CATS ferry no longer under guard

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OCTOBER 21, 2004
Mexicana Airlines expanding Portland flights to Mexico BNSF simplifying wheat shipment rates Investigation continues on Puget Sound oil spill Vancouver BC cruise business continues to see declines Crowley setting up shop in Guatemala Free Zone

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Economou heads for US stock market return with 15-strong panamax fleet GEORGE Economou's Drytank group is hatching plans to offer shares in a bulk carrier fleet in the US in the coming weeks, possibly before the end of the year, Lloyd's List has learned. Scrap liner immunity, says Australian watchdog AUSTRALIA'S official regulatory adviser, the Productivity Commission, says the country's liner shipping immunities should be scrapped or heavily modified. Guidelines call as Britain is accused on 'booze cruises' PASSENGER Shipping Association director William Gibbons has called for guidelines on the volume of goods so-called 'booze cruisers' can bring in as the European Commission ann-ounced plans to take Britain to the European Court of Justice over seizures of tobacco and cars. Typhoon Tokage hits home The 1978-built, 4,254 gt passenger cargoship Antonina Nezhdanova is pictured on a 50' list with its hull cracked and flooded, at Fushiki, near Toyama on the central eastern coast of Honshu. Recruitment drive fails to keep US dockers A MUCH-publicised dockworker recruitment drive to help relieve chronic congestion at ports in southern California has fallen far short of its target, writes Janet Porter.

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OCTOBER 21, 2004
Crew safe as typhoon lashes ships AT least three ships were damaged on Wednesday during the unprecedented 10th storm of Japan's record typhoon season Weather thwarts BBC China clean-up POOR weather continues to hamper efforts of removing bunker fuel from the stranded dry cargo ship BBC China, which is grounded near Port Grosvenor in South Africa PSA CEO Ng Chee Keong to retire CHIEF Executive of container terminal operator PSA Singapore, Ng Chee Keong will be retiring with effect from 1 January, 2005 after more than 30 years of service South Korea to probe yard mishaps SOUTH Korea will 'thoroughly' probe accidents at shipbuilding yards, which the ministry of labour says account for a large number of industrial accidents European Court for UK Customs EFFORTS by UK Customs to justify what the EC calls 'disproportionate penalties' on ferry passengers have proved inadequate US oil spill twist AN investigation by the US Coast Guard in search of a ship that spilled oil into Puget Sound off the coast of Washington State has taken an unexpected turn S Africa to invest in ports, rail EC approves Italian tonnage tax Spanish dockers reject directive RCCL posts $282M profit in 3Q USWC pilots face consolidation Tampa executives sacked S African ports seek partnerships Whales cannot file lawsuits in US S Carolina ports 'falling behind' Wärtsilä admits slow Moby response

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OCTOBER 21, 2004
Mandatory C-TPAT req.'s coming? Some, but not all, elements of the supply-chain security prorgam could become required but the program will remain fundamentally voluntary, a DHS official says. Congestion shrinks LA imports Delays taking a toll on the nation's busiest container complex as shippers divert cargo to other West Coast ports. OOCL revenue rides box boom UPS Q3 profit rises 20 percent Fuel prices hurt Union Pacific profit Hub earnings surge despite weaker intermodal September jump for Hong Kong throughput Customs reschedules trade symposium Better net for Arkansas Best DHL to pull global hub out of Brussels Record for Japan exports China, ASEAN to sign off on trade pact: Report

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OCTOBER 21, 2004
Tests for Buenos Aires alternative suspended A series of test-navigations, aimed at extending River Plate navigation to Zarate, has been cancelled, affecting lines seeking alternatives to Buenos Aires, which has been hit by draught-restrictions. Lyttelton details expansion plans New Zealand's leading South Island container port, Lyttelton Port Company (LPC), has announced it will invest NZ$90million (US$62.2million) over five years to upgrade and expand port facilities. California longshore union says more full-timers needed Hanjin transPac service to target import-export balance as 'wave of the future' Singamas expects further rise in box-prices HK urges Guangdong to relax regulations on cross-border drivers Port skip allows Evergreen partners to get the jump on European congestion Russia's Magistral institutes express Far East container train European transport group reaches out to neighbours and into existing infrastructure Pacific traders re-tonnage Volume growth at Busan Port Cosco orders four 5,100TEU containerships New logistics hub opened at Penang Third vessel of the year for FESCO

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OCTOBER 21, 2004
Stena steps up Swedish owner is latest to test US equity market with planned $200m IPO for six-tanker fleet. Vinashin takes Chinese cash Vietnamese shipbuilder to pocket $100m in loans to realise dream of third shipyard. RCCL in record quarter Hurricanes fail to blow cruise company off course with the help of higher prices and extra capacity. VLCCs scale new peak Owners of modern tankers granted licence to print money as daily earnings reach $160,000 for Middle East Gulf to Asia voyages. OMI buys more OMI Company takes back 390,000 more shares at more than $17 each. Tanker tonic for Fortum Hot market boosts Finnish power group's shipping profit in first three quarters. Tidewater fights to standstill US offshore giant cuts costs to maintain profit as revenues dip. Teekay soars to new highs Aframax giant posts highest ever quarterly and year to date earnings on rates not seen in a generation. Mipo mops up Gulf orders Dubai and Saudi owners sign up for nine products tankers at South Korean yard in a deal worth $360m. Teekay's ins and outs Despite the prospect of even hotter rates tanker giant took opportunity to clear out older tonnage. Upswing for U-Ming Taiwanese bulker owner boosts profit in nine months to end-September. Hanjin confirms Cosco quartet South Korean shipbuilder says it will build four 5,100-teu containerships to Chinese giant. Gotland on the rise First quarter profit increases at Swedish tanker and ferry owner, if ship sales excluded. OMI pays top whack for stock US owner carries out surprise share buyback suggesting tanker stocks could climb higher. Court releases Lakes ferry High-speed Spirit of Ontario is back with its owners. Izar faces EUR 556m bill European Commission decides Spanish owner must repay huge amount of illegal state aid. Brostrom sells single-hull Lennart Simonsson books SEK 2m profit on disposal of Bro Bara. Irish Ferries cuts costs and jobs Up to 150 staff could take redundancy as owner switches to crew agency for Ireland to France route. Pirates strike off Columbia Unnamed general cargo ship suffers third attack in two months at Buenaventura anchorage. Numbers up at OOCL Hong Kong-listed container line sees year-on-year growth of 21.3% in containers handled.

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OCTOBER 21, 2004
OOCL reports higher rates for third quarter COSCO orders four 5,100-TEU ships CMA CGM starts first intra-Asia service Lufthansa, Shenzhen Airlines found cargo carrier in China Delta plunges further into red, posts $651 million loss Northwest Airlines back in the red Cathay Pacific seeks piece of Air China Guggenheim aviation group to lease converted 747s GAO critical of USDA, FDA food recall policies SembLog shares in K+N acquired by new investors Trade Symposium pushed back a month EC orders EU shipyards to pay back illegal subsidies Maersk Sealand, Safmarine try new Suez canal terminal

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OCTOBER 21, 2004
Kvaerner contest reduced EU subsidy claim Kvaerner ASA, which is unofficially described as Kjell Inge Røkke's to-do list, will officially dispute the claim from the ... Flight from NIS flag continues A growing number of vessels leave the Norwegian International Register (NIS) for other flags and the total number of NIS ... Record freight for VLCC 301,000 DWT "Tantramar" was fixed at record high WS 247.5 for 21 November from the Middle East Gulf to the ...