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Shipping News

Security rules taking a toll on seafarers
AN international group of ship managers has warned that an overzealous implementation of security laws on shipping is adversely affecting the morale and productivity of seafarers.
Feeder carriers to increase rates
HOPING to emulate the success of mainline carriers in securing rate hikes, a grouping of 15 regional feeder carriers has announced a rate restoration and other surcharges for their mainline customers.
US retailers not out of the woods despite easing of port logjams
COULD Santa's sleighs get stuck at sea? For weeks, retail chains and analysts have watched as freighters with holiday goods and other merchandise anchored off US West Coast ports waiting to be unloaded.
Bosphorus Strait and Russian port closed due to bad weather
Oil tanker rates may rise on short supply of vessels

Port Shots

Port Shots
B>2 missing, 71 rescued off S Korea's coast Two people were missing and 71 rescued after a fire broke out onboard a Russian ship sailing off South Korea's east coast, the South Korean navy said on Sunday.

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Shipping News

Security rules taking a toll on seafarers
AN international group of ship managers has warned that an overzealous implementation of security laws on shipping is adversely affecting the morale and productivity of seafarers.
Feeder carriers to increase rates
HOPING to emulate the success of mainline carriers in securing rate hikes, a grouping of 15 regional feeder carriers has announced a rate restoration and other surcharges for their mainline customers.
US retailers not out of the woods despite easing of port logjams
COULD Santa's sleighs get stuck at sea? For weeks, retail chains and analysts have watched as freighters with holiday goods and other merchandise anchored off US West Coast ports waiting to be unloaded.
Bosphorus Strait and Russian port closed due to bad weather
Oil tanker rates may rise on short supply of vessels

Port Shots

Port Shots
B>2 missing, 71 rescued off S Korea's coast Two people were missing and 71 rescued after a fire broke out onboard a Russian ship sailing off South Korea's east coast, the South Korean navy said on Sunday.

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P&O Nedlloyd sues Port of Los Angeles Higher fuel prices to affect China's 2005 trade growth New official at Port of Long Beach Back to the river for freight to reduce congestion CWT Globelink receives ISO certification for China offices New security fees in New Orleans Lufthansa Cargo may abandon exclusive use of Boeing aircraft Singapore and Sri Lanka agree to open skies policy Air China plans to expand after IPO Korean Air to expand into Latin America

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P&O Nedlloyd reports record operating profit of $ 138 m for third quarter Japan's 3 major shipping lines register handsome first-half profits MOL upgrades North China-Philippines service Freight rate recovery boosts rcl Hanjin Shipping posts marginal rise in net profit NOL net jumps by 13 pc in Q3 to $ 234 m S5'A new force on the scene CP Ships posts 8 pc rise in Q3 profit ECU-Line offers weekly service to Abidjan Lykes, TMM join ECA service Rickmers Reederei takes over CCNI (Deutschland) GmbH New AADA bunker surcharge MOL, "K" Line strike lng deals SITC & Maersk Logistics ink agreement Zim aims to expand Port Authority of NY/NJ's new Exec. Director Shipping industry working out modalities for mandatory on-board cadet training Indian shipping tonnage surges to record 7.69 m GRT Textile Ministry favours cotton exports to Pakistan Soyameal export prospects brighten Railways haul in excess of freight target during April-Oct. Railways to develop ro-ro wagons MbPT deftly handles yet another ODC consignment WISA makes out case for private operators to run container trains to/from Major Ports DPA may sign draft agreement on ICTT near Cochin Port in December Forex reserves crossed $ 122-billion mark Ascon survey sees manufacturing industry on high growth path Study sees growing market for jeans Aiyar proposes Asian consortium to tackle oil price fluctuations ECGC's paid-up capital base to be augmented by Rs 300 cr. Auto components: Caparo Group plans to be major exporter from India Atul Bhagwati, Kamal Seth remain at helm of IVCCI Corporate India optimistic'Ficci survey CP Ships announces new V-P, Intermodal Logistics Trade fair centre to be ready in a year ASEAN FFA AGM postponed

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NOVEMBER 22, 2004
Paranagua fuel berths remain closed after tanker blast Port superintendent claims at least 50 mt of bunker fuel included in post-explosion spill. Concern in LA as charterers look to alternative ports Despite an end to congestion in LA and Long Beach, reports of major charterers re-routing to other west coast ports raises cause for concern for bunker suppliers and port operators. Hong Kong losing business to Huangpu and Shekou Sources say bunker markets in Hunagpu and Shekou have benefited since the traffic separation scheme in Hong Kong effectively banned OPL supply. Chinese fuel oil imports break record on renewed buying interest Data issued by China's General Administration of Customs today showed fuel oil imports in the first ten months of this year have already broken last year's 12 month record. Crude oil continues Friday's rally in after hours trading Crude oil futures traded on the NYMEX continued Friday's rally in after hours trading on concerns of heating and gas oil supplies.

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Shipping "brings in more to UK economy" Ship Finance spends US$22.5m on shares buy-back Rotterdam lashings row Stelmar starts looking for buyers, again Japan holds piracy/terrorist drill in S China Sea ITF slams EC's revival of ports directive

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NOVEMBER 22, 2004
Bourbon exercises Ulstein option Pasha Hawaii wins Chrysler contract $10 million fine in Buzzard's Bay spill case IMO moves on Malacca Strait security

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NOVEMBER 22, 2004
Dinsmore named co-chair of National Center for APEC Stelmar Shipping shareholders turn thumbs down to merger Shippers send Christmas trees to cheer troops in Iraq Coast Guard plans to cut loose Astoria-area navigational aids U.S. unions set reward for Teamster killed in El Salvador

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Los Angeles and Long Beach say delays are over CONTAINERSHIPS calling at Los Angeles and Long Beach can expect prompt handling at quayside for the first time in more than six months, officials on the US West Coast have said. California trade being driven up coast THE so-called return to normality on the US west coast could be a case of too little, too late as the retail industry licks its wounds in the aftermath of record-setting congestion, writes Rajesh Joshi. P&O Nedlloyd sues LA over harbour lease P&O NEDLLOYD has sued the Port of Los Angeles for allegedly favouring an existing tenant, Evergreen, on a lucrative harbour lease. V.Ships in running for P&O Ferries' procurement work V.SHIPS has confirmed that it has made a proposal to P&O Ferries to handle procurement for the cross-Channel ferry operator on an outsourcing basis, with a number of other companies also in the running.

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NOVEMBER 22, 2004
Chavez digs deep for PDVSA head VENEZUELAN president Hugo Chavez has reshuffled key members of his government, appointing energy and mines minister Rafael Ramirez head of the oil giant Petroleos de Venezuela (PDVSA) Korea Gas inks LNG contracts KOREA Gas has sealed short-term LNG import contracts up to 2008 amounting to 8M tonnes SE Asian feeders hike rates FREIGHT rates for container feeder services in South-East Asia will be increased from $20 to $50 per TEU from 15 January, 2005 Bulker fire at Tubarao OPERATIONS have been halted at the Tubarao fertiliser terminal near Vitoria in Brazil, after a fire onboard the 38,250dwt bulker Fedon this morning Hope for Irish live cattle shipments IRISH farmers' fears that they will be left without a ferry link to France willing to carry live cattle when P&O's Rosslare-Cherbourg service ends on 19 December are easing Concor's monopoly under threat INDIAN shippers have asked the government to break the remaining monopoly of Concor and allow private players to run container trains from all major container ports Bouchard fined $10M for spill NZ marine biosecurity change Holidays cause Chittagong blockage Island kicks off Santos cruise year Paranagua terminals still closed DPI seeks Vallarpadam alterations Cattle delayed in feedlot dispute Major metal plant at Newport Patrick, MSC in Fremantle talks Collision bulker in the clear

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NOVEMBER 22, 2004
Congress passes trade bill Legislation repeals 1916 anti-dumping law and ship repair parts duties, adds a host of other measures. EU transport scandal Port deregulation, U.S. open skies talks threatened by revelations new transport commissioner convicted in 2002 for illegal political contributions. Pilots will honor UPS Canada strike APEC endorse security, trade plans New chief for GE intermodal rail leasing Toyota opens Portland facility China Shipping joins Sundex service MOL targets Russia markets Hyundai Merchant to expand tanker fleet MOL, Japan hold terror drill Pol threatens Israel port reform delay Lagos urged to bid native firms for port terminal concessions

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NOVEMBER 22, 2004
PONL files petition against LA for 'Green berths' allocation P&O Nedlloyd (PONL) has filed a petition against the Port of Los Angeles, asking a judge to halt new bidding on the port's planned 'green' terminal. Euromax partners seek EC approval The Euromax partners Europe Combined Terminals (ECT) and P&O Nedlloyd (PONL) have officially applied for EC-approval of their planned Rotterdam container terminal. New surcharges hit ANZ shippers Kazakh intermodal steals a march on its Russian competitors Cosco Logistics aims withering criticism at local competition CSCL joins Sundex partners

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NOVEMBER 22, 2004
Stelmar calls in lawyers Norton Rose asked to investigate new allegations of management skulduggery at quarrel hit tanker company. Fjord Line axes 350 Tears and anger as Norwegian ferry operator announces plan to cut jobs and reflag ships to the Faroes. Teekay tanker on Japanese list Koyagi Spirit one of 34 ships to fail port state checks during October. MBC milks market Robert Kuok's bulker company makes most of Chinese boom in third quarter. Bourbon opts for Ulstein French owner declares option for NOK 220m supply vessel at Norwegian yard. Rutten buys out Barber Transpetrol boss takes over short-lived joint venture with Wilhelmsen company. MOL tests terror drill LNG carrier undergoes mock attack to sharpen response to terrorists or pirates. Wilhelmsen logistics deal Norwegian shipowner gets closer to Hyundai as it takes a $100m stake in car distribution offshoot. Bergesen World-Wide refinances Substantial reduction in interest costs in prospect for loans that helped Helmut Sohmen buy Norwegian shipping group. Braemar Seascope bullish Alan Marsh-led brokers are looking ahead to more profit after riding market crest in first half. Kent Navigator in trouble again Canada detained structurally defective bulker in October that was prosecuted by US for oil dumping. Sanko teams up on LNG Dorchester Maritime and Kimball Chen's company hook up with owner to target Japanese market. Strong debut for Hamworthy Newly listed UK gas systems maker looks to LNG boom for continued profits.

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NOVEMBER 22, 2004
MSC adds third U.S./East Coast of South America service Safmarine names latest "L"-class ship MOL to open two Russian offices COSCO sign strategic agreement with China Huaneng Group MOL, Japanese Coast Guard hold terrorism drill Bouchard Transportation Co. to pay $10 million fine for oil spill Lufthansa takes delivery of converted MD-11 freighter Alaska train involved in minor accident Shippers' group asks FMC to modify NVO-related rule FMC allows more time for comments on NVO-shipper ruling Senate passes Miscellaneous Trade Bill U.S. warns dropping Dominican Republic from CAFTA New C-TPAT proposal focuses on flexible security standards MOL opens another logistics branch in China Los Angeles, Long Beach ports return to normal International box traffic up 27% at Fraser Port L.A.-Long Beach gets federal ombudsman

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NOVEMBER 22, 2004
No strike against Danish Car Ferry's Association members A notice of strike from S'm'ndenes Forbund against several Danish domestic ferries in August was not legal and can't be ... Agreement for 7,000 Norwegian seamen A potentially costly conflict was averted on Saturday when the Norwegian Shipowners' Association (NSA) through arbitration struck a deal with ... Maersk Contractors looses contract prematurely The Maersk Contractor branch in New Foundland, Canada has been notified that the contract for servicing and running of the ...