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Jurong Shipyard clinches two shipbuilding deals worth $143m
SEMBCORP Marine subsidiary Jurong Shipyard has won two container shipbuilding contracts worth $143 million from Taiwanese container shipping company Wan Hai Lines with the two eying a possible partnership covering shiprepair.
PSA in the dark over Asia Container Terminals bid
PSA International Pte, operator of the world's second-biggest port, has not been told whether its bid for Hong Kong terminal operator Asia Container Terminals Ltd is being overridden by existing shareholders, group chief executive Eddie Teh said.
Hyundai Marine fined 2b won for accounting lapse
REGULATORS fined South Korean shipping firm Hyundai Merchant Marine 2 billion won yesterday for accounting irregularities, concluding a case that has fuelled concern about the nation's corporate governance record.
Emulating Santa on a war-torn X'mas Day
Foreign interest in Qatar IPO allowed

Port Shots

PORT SHOTS
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said yesterday that its November net income rose 18 per cent to 26.2 billion won compared with 22.2 billion won last year.

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Shipping News

Jurong Shipyard clinches two shipbuilding deals worth $143m
SEMBCORP Marine subsidiary Jurong Shipyard has won two container shipbuilding contracts worth $143 million from Taiwanese container shipping company Wan Hai Lines with the two eying a possible partnership covering shiprepair.
PSA in the dark over Asia Container Terminals bid
PSA International Pte, operator of the world's second-biggest port, has not been told whether its bid for Hong Kong terminal operator Asia Container Terminals Ltd is being overridden by existing shareholders, group chief executive Eddie Teh said.
Hyundai Marine fined 2b won for accounting lapse
REGULATORS fined South Korean shipping firm Hyundai Merchant Marine 2 billion won yesterday for accounting irregularities, concluding a case that has fuelled concern about the nation's corporate governance record.
Emulating Santa on a war-torn X'mas Day
Foreign interest in Qatar IPO allowed

Port Shots

PORT SHOTS
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipbuilder, said yesterday that its November net income rose 18 per cent to 26.2 billion won compared with 22.2 billion won last year.

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TNT plans to boost Hong Kong Clinical services in 2005 CMH eyes Shanghai port investment "K" Line opens agency in Finland P&O sells US property MOL takes part in South China Sea anti-terrorism drill ATI suffers 17pc drop in net income Brennan appointed to be GENEX's agent Eckhouse appointed Optram president Qantas Freight increases service fees UAL reports operating loss of US$188m in November Virgin Atlantic Cargo buys AeroBox containers Menzies Aviation in Brazil wins contract from BA

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SKS (Ship) Ltd. takes delivery of Royal Sutlej Baalu calls for development of cruise shipping sector VLCCs breaking waves with black gold US decision to cut dumping duty on shrimp cheers exporters Steel exports total 2.4 m tonnes India, Ukraine to sign pact on IPRs soon PPT to participate in SPV for laying railway line Kapil Rawat takes charge as CEO of Gateway Terminals Air cargo volumes set to soar in 2005 Cenvat exemption for cotton, silk will continue, assures Chidambaram Bangalore airport project lands on the runway Concession agreement signed for new airport project at Shamshabad Special package for tea sector on anvil Granules India bags Chemexcil award

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DECEMBER 22, 2004
Island state shipyard wins $32m KOTC bunker tanker order Double-hulled tankers expected to operate out of Middle East by Q206. Singapore taking the lion's share of global fuel oil overflow Favourable contango for February and deluge of arbitarge cargoes arriving in the island state add local stresses to growing concerns of global glut of fuel oil. Major Cyprus player boosts supply infrastructure Limassol's biggest bunker supplier has told Bunkerworld that its supply infrastructure will soon get a further boost from land-based storage heralding growth potential for the Cyprus bunker market. DOE & API at a glance Summary of the latest United States oil inventory data. ENOC orders four newbuild bunker tankers Emirates National Oil Company LLC has commissioned local shipyard to build four large double hull tankers - intended for use by its bunkering subsidiary. Double-digit gains at Saudi ports Montreal barge soon to withdraw for winter The Montreal bunker market will soon be entering its annual 'winter hibernation' phase.

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Alcatel for Latvian Railways USA: automakers sue over California emission rules Deutsche Post's trans-o-flex take-over blocked DB ousts freight boss Bernd Malmström Aviapartner boosts turnover in Q3/2004 Delphis extends its shortsea activities Bifa appoints new regional representative

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DECEMBER 22, 2004
French fishing vessels in dangerous Channel stunt Tanker newbuildings order for Dubai Baltic goes Supramax P&O sells Boston property for US$97m Singapore cuts port dues

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DECEMBER 22, 2004
Rochester set to bid on ferry

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DECEMBER 22, 2004
Port of Tacoma budget now available online US steel imports in November drop 12 percent from previous month New York fujitive nabbed at Blaine, Washington border crossing Corps names Sheryl Carrubba as new Channels and Harbors boss MarAd Oks three requests for Shipping Act vessel sales

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UK tonnage tax faces controversial jobs link to European flags BRITAIN'S tonnage tax rules are set to undergo a shake-up next year, with changes to flagging rules and a second chance for established UK companies to sign up. Good news and bad news - but most of shipping is broadly happy MOST UK shipping industry players available for comment yesterday declared themselves broadly happy with the government's planned tonnage tax revamp, although some had partial reservations, writes David Osler. AP Møller in Christmas spending spree AP Møller-Maersk has rounded off 2004 by confirming new orders worth almost $1bn. Antwerp opposes port services directive ANTWERP port has come out against the European Union port services directive.

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DECEMBER 22, 2004
Four Galileo satellites ordered THE European Space Agency has awarded a €150M ($200M) contract to Galileo Industries to carry out in-orbit validation of the Galileo satellite positioning system. The validation will involve the building and launch of four satellites and a number of associated ground stations Investment at Eemshaven GRONINGEN Seaports, the port authority of the twin ports of Delfzijl and Eemshaven are to invest about €30M ($40M) in the port of Eemshaven, Netherlands Sub-continent surcharge cut THE India Pakistan Bangladesh Ceylon Conference is to cut its congestion surcharge to JNPT and Mumbai to $20/TEU Philippine ports lack investment INVESTMENT in Philippine ports by foreign groups is being adversely affected by the political situation, the economy, an unstable currency and the threat of terrorism Philippine weather warning service A NEW gale warning system that will provide information on navigational condition has been made available in the Philippines Jamaica targets drug imports TWELVE tonnes of cocaine has been seized in the Caribbean Sea in the last three months via Operation Kingfish P&I veteran Anderson on the move Consortium gears up for Brindisi Indians plan for fleet expansion Tallink closes St Petersburg service Lloyd Werft proceedings dropped Minor fine for HMM irregularities EU probes French ship financing Celebrity moves Century to Europe Greek buyer behind SSW purchase LNG risk report released

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DECEMBER 22, 2004
Ship shortage worsens The lack of large container vessels on the charter market through 2006 could jeopardize carriers' plans to expand their networks amid surging trade. "K" Line foresees another record year "Unprecedented" demand for shipping services yields banner results for Japan's third-largest carrier.. A.P. Moller orders four ships Hyundai Heavy Industries set for rally as ship prices rise Martinair Cargo cuts fuel surcharge US wins WTO case on food names China increases penalties for copyright piracy Export growth eases concern about Japanese slowdown SAMSys Technologies reports improvement on loss Japan Airlines to purchase 30 Boeing 7E7s Airbus gets first commitment for prototype plane

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DECEMBER 22, 2004
Cold-ironing set to grow beyond US West Coast says line More containerships will be required by ports to plug into shoreside electricity in future, the head of P&O Nedlloyd Container Line North America said on December 21. Charter market ends year on a high note Vancouver box backlog still causing cargo delays Nissan unlikely to partner existing Chinese logistics firms Engine failure delays Hanjin vessel HMM fined US$1.9million for accounting fraud Concor adds inland depots and expands wagon fleet Coscon confirms new SE Asia/Australia service Modern Terminals does not see DPI selling Kwai Chung assets Admiral Loy follows Ridge out of DHS

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DECEMBER 22, 2004
Excel sells oldie Public bulker company now has fleet age under 20-year average. The price of Gold Certain holders to receive $1.80 for each Frontline share in lieu of Golden Ocean stock. The man who knew too much Stolt whistleblower O'Brien spends five hours tweeting to arbitration panel, to ex-employer's chagrin. Admiralty gets a present St Petersburg yard scoops $300m of orders for five tankers for Russian owners. Bama bound Mobile's Atlantic Marine has won the job to make permanent repairs to holed Athos I. NCL orders again Star Cruises subsidiary spends over $1bn by adding Mayer Werft newbuilding to recent Aker Finnyards deal. Shipyards seek steel solution Delivery delays a realistic prospect as Japanese shipbuilders hold crisis talks with steelmakers. First regas LNG ship trialed Excelerate says vessel will probably deliver first cargo before end-February but neglects to say from where it is buying its LNG. Juicy order for Kleven Contract to build $100m refrigerated orange juice carrier will return Floro yard to merchant shipbuilding. Wan Hai inks Jurong pair Taiwanese boxship operator lifts containership order backlog at Singapore shipyard to six. HMM fined over irregularities South Korean financial regulators penalize shipowner KRW2bn ($1.9m) for accounting violations. Century set for Europe Increasing passenger demand prompts Celebrity Cruises to deploy fourth ship to region. Adsteam seals LNG deal Aussie ports and towage group wins tug work for BP's and Sonatrach's UK import terminal. Singapore to slash dues Ship repair, bunkering and cruise sectors to benefit as Lion Republic looks to remain competitive.

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DECEMBER 22, 2004
China Shipping to focus on container shipping China Shipping adds Le Havre to Asia/Europe link Coast Guard studies report notes terrorist risk to LNG tankers Maersk Sealand starts Aqaba feeder call Franck appointed vice president Maersk Broker NACA expects growth in U.S. export cargoes for 2005 FMC reviews 14 OTI applications, revokes 11 licenses Iraq, Afghanistan enter WTO accession talks U.S. wins WTO case against EU over food product names President Bush signs specialty crop legislation CBP names Passic drug policy director Starbucks names new supply chain chief Antwerp to top 6-million-TEU volume in 2004 U.S. helps Spain install nuclear detection devices in seaports Schenker opens terminal in Latvia

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DECEMBER 22, 2004
Tallink closes St Petersburg run Tallink has decided to close the Tallinn'St Petersburg'Helsinki run from 2 January, the reason being a hefty increase ... Danish tycoon back in shipping Danish born tycoon Jan Bonde Nielsen is back in shipping after a privatisation sale of the state owned Georgian company ... Modification to Color Line ferry Color Line's "Prinsesse Ragnhild" will replace "Christian IV" on the Kristiansand to Hirtshals route for 40 days from 2 January ...