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Shipping News

Giant quay cranes worth $120m for Pasir Panjang
PSA Corporation has placed an order worth $120 million for 12 super post-panamax quay cranes for installation at its new berths at Pasir Panjang Terminal from 2005.
No oil leak from sunken car carrier: salvors
SALVORS inspecting the wreckage of the sunken car carrier Hyundai No 105 south-east of Sentosa have so far not been able to detect any fuel oil leak from the vessel.
Canada shipping firm chief charged in terrorism case
THE head of a Canadian shipping company has been charged with agreeing to ship the highest level of night vision technology equipment to a terrorist organisation, federal prosecutors said.
Shipping ID system soon to protect Yangtze from terrorists
CHINA is introducing a new automatic system to identify ships plying the Yangtze in an attempt to protect its largest river from 'potential terrorism', state media said yesterday.
Pirates raid cargo ship off HK island
A group of pirates raided a cargo vessel loaded with chicken feet near a Hong Kong island but fled empty-handed when police arrived, police and news reports said.
BUNKER RATES
SINGAPORE bunker or ship fuel prices eased yesterday under pressure from lower benchmark crude and traders' fear that booming refining margins will soon increase fuel oil supplies.

Air and Land Transport

Any SIA, Qantas fare hikes may not offset fuel surge
SINGAPORE Airlines, Qantas Airways and Japan Airlines System may fail to fully counter higher jet-fuel costs by raising fares because of competition from new discount carriers, analysts said.
Virgin Blue to build aircraft service centre
Europe airlines' weekly traffic rises 20% on Asia growth
Paris airport architect denies design fault
Boeing union accepts 3-year deal for 2,800 workers
Please check in - and wish your baggage well

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Shipping News

Giant quay cranes worth $120m for Pasir Panjang
PSA Corporation has placed an order worth $120 million for 12 super post-panamax quay cranes for installation at its new berths at Pasir Panjang Terminal from 2005.
No oil leak from sunken car carrier: salvors
SALVORS inspecting the wreckage of the sunken car carrier Hyundai No 105 south-east of Sentosa have so far not been able to detect any fuel oil leak from the vessel.
Canada shipping firm chief charged in terrorism case
THE head of a Canadian shipping company has been charged with agreeing to ship the highest level of night vision technology equipment to a terrorist organisation, federal prosecutors said.
Shipping ID system soon to protect Yangtze from terrorists
CHINA is introducing a new automatic system to identify ships plying the Yangtze in an attempt to protect its largest river from 'potential terrorism', state media said yesterday.
Pirates raid cargo ship off HK island
A group of pirates raided a cargo vessel loaded with chicken feet near a Hong Kong island but fled empty-handed when police arrived, police and news reports said.
BUNKER RATES
SINGAPORE bunker or ship fuel prices eased yesterday under pressure from lower benchmark crude and traders' fear that booming refining margins will soon increase fuel oil supplies.

Air and Land Transport

Any SIA, Qantas fare hikes may not offset fuel surge
SINGAPORE Airlines, Qantas Airways and Japan Airlines System may fail to fully counter higher jet-fuel costs by raising fares because of competition from new discount carriers, analysts said.
Virgin Blue to build aircraft service centre
Europe airlines' weekly traffic rises 20% on Asia growth
Paris airport architect denies design fault
Boeing union accepts 3-year deal for 2,800 workers
Please check in - and wish your baggage well

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Carriers launch new South China Express service Confusion over Advance Manifest System rules clarified MOL continues expansion in China Sale of Horizon Lines for US$650 million underway US FMC Commission Chairman Visits Port of Oakland PRC firm wins multi-million dollar US port contract New DHL service to Ho Chi Minh City Xiaoshan Airport wants more cargo from Suzhou Lufthansa Cargo to raise fuel surcharge NY/NJ board says yes to airport upgrade studies

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Engineering exports surpass $ 10 bn in 2003-04 Mauritius Freeport seeks Indian investments US puts off ruling on anti-dumping duty on shrimp imports FY 2004-05 exports off to impressive start - ...post 20 pc growth in April Kakinada anchorage port to get facelift - Andhra govt wants both new and old ports to co-exist Strike at CCT hits container movement Sethusamudram project enters second phase Steel industry players want DEPB benefits restored CII projects 7 pc GDP growth in 2004-05 ...establishment of investors' forum to promote India, Kuwait trade soon Fieo to hold meet with new Commerce Minister today E. V. K. Elangovan takes charge as Minister of State for Commerce & Industry Baalu spells out priorities for shipping & ports sector Diamond International holds global conference in Dubai

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MAY 26, 2004
Sunken ship: Salvors deny leakage reports UAE trader buys majority stake in Indian supplier Orion Holdings Ltd. deepens its involvement in the Indian bunker market and plans additional barges. May, 2005 introduction confirmed for MARPOL Annex VI Samoan ratification initiates year-long wait before introduction of SECAs in Baltic Sea and North Sea. Latest US oil inventory statistics show little change O.W. Bunker to bolster Singapore team Piraeus falls in line with rest of South Europe EMMF's US office on the move Cargo fall wipes out Rock's recent gains Kuwaitis confirm long-awaited tanker order KPC subsidiary orders nine new vessels, including three petroleum product vessels and two 'ship fuel boats'. Singapore: MPA confident of ISPS compliance The Maritime and Port Authority (MPA) of Singapore told Bunkerworld today that it expected all Singapore-flagged vessels, including the Island state's bunker barge fleet to be fully ISPS compliant by the July 1 deadline. Rotterdam quiet and little changed this morning

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MAY 26, 2004
OMI makes formal bid for Stelmar ISPS warning on stowaways Stowaways found on Puerto-Rico-bound barge Good Q1 for Jaya Golar increases Korea Line stake again

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MAY 26, 2004
IMO air pollution rules set to enter force Samoa's ratification triggers NOx and SOx pact ISPS compliance lags Mitropoulos talks of "disruptions and delays" Petrobras awards $630 million platform contract FELS Setal SA and Technip Engenharia S/A to build P-51 production platform Newbuild semi faces delay GlobalSantaFe reports on incident at Singapore yard

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MAY 26, 2004
Port of Seattle sees jump in monthly container numbers The New World Alliance making Trans-Pacific changes DJ Murphy's wins first prize in Olympia chowder challenge Castle Harlan buying Horizon Lines for $650 million Port of Everett taps Luis as new project manager

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London insurers suffer artburn over blaze bill LLOYD'S and London company insurers face a large bill as a result of the blaze that destroyed valuable works of contemporary British art at a warehouse in east London run by storage and transport company Momart. USCG to form new boarding guidelines to cut out confusion THE US Coast Guard is crafting new guidelines for ship boardings and inspections aimed at eliminating confusion and averting potential conflict between federal regulators and the crews of ships calling US ports. Alstom has four years to meet partner pact ALSTOM revealed yesterday that it is to be given four years to comply with the strictures of the European Commission that it should enter into a number of industrial partnerships as the price of acceptance of the survival plan currently being negotiated between the commission and the French government. Genoa turns Poulides from hero into villain GENOA turned on George Poulides yesterday as the company he created, Festival, finally applied for voluntary bankruptcy, writes Justin Stares.

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MAY 26, 2004
No statement planned, says IACS IACS has no plans to issue a statement this week about ships that have not obtained ISPS certification by the 1 July deadline, IACS permanent secretary Richard Leslie told Fairplay today Royal Caribbean ponders its flag NORWEGIAN or Bahamian was a question raised on Tuesday at Royal Caribbean Cruise Lines' annual shareholders meeting in Miami Horizon debt is a concern HORIZON Lines LLC has been placed on Standard & Poor's CreditWatch list because of fears the company may carry too much debt after its sale by the Carlyle Group Karachi port hit by bomb blast PAKISTANI marines are being deployed at the country's commercial ports following yesterday's powerful parcel bomb explosion at Karachi port's East wharf Pollute and run captain fined €0.5M THE captain of a Cyprus-flagged general cargo ship that was caught polluting the French Atlantic coast has been hit with a €500,000 fine ISPS doubts in the Caribbean DELEGATES at this week's Caribbean Shipping Association conference in St Lucia offered no clear answers on the looming question of the 1 July ISPS deadline CSA enters Caribbean cruising Lines warn of rate rises ahead Monti approves Alstom rescue plan Chantiers' future more uncertain LR-Fairplay, HITT in AIS venture I slow down for whales Chennai strike enters third day 17 June launch for Frontline shares Nenaco's books under scrutiny India merges shipping with roads

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MAY 26, 2004
U.S. box imports cool torrid pace Containerized imports from Asia grew at a steady rate in April, in line with earlier estimates made by ocean carriers. Cosco to boost box, oil capacity China Ocean Shipping (Group) Co.will expand its fleet to 420,000 TEUS by 2007. "K" Line to expand terminal at port of Tacoma Safe Commerce containers arrive...safely S&P puts Horizon Lines on CreditWatch Bowe new boss for APL Americas Driver shortage hurting truckers Wal-Mart could expand Norfolk volumes: Report Singapore forces test maritime terror scenario CSXI tweaks peak season services U.S. cement shortage on scarce bulk capacity Another appeal by Bayport opponents? Contship switches Med call

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MAY 26, 2004
Carriers won't back P&O Ports Botany proposal P&O Ports' (POP) alternative plan for the expansion of Port Botany container terminals has been rejected by shipowner body Shipping Australia Ltd (SAL), citing concerns about inadequate terminal ground space. P&O Ports plans to break Chennai strike as port-users question 'credibility' As the Chennai Container Terminal (CCT) workers' strike enters its third day, its private operator P&O Ports (POP) is planning to recruit outside crane-operators to keep the terminal going. HR charter index stalls as charterer-owner 'standoff' continues FMC pleased with US-China agreement, and vows to make it stick Hamburg Sud to reinstate weekly Suape-Europe service Seattle and Tacoma expected to double container growth by 2025 Antwerp braces for two years of traffic-jams Busan box-throughput increases, despite transhipment and cabotage falls Container trade bulks up Marseilles' first four months K+N spreads out at trimodal port of Duisburg Rotterdam provides juicy target for fruit

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MAY 26, 2004
Canada bolsters security measures Transport agency to surpass IMO requirements with regulations unveiled next week. Houston company plans Mexican LNG plant Project headed by ex-Enron man would come on line in 2008. Fredriksen to win Eitzen shares Oslo bourse debutant buying Norwegian magnate's Spanish chemical tanker outfit. Teekay mum on RasGas deal Vancouver owner won't discuss reports of thin rates on Qatari gas project. Minoan limits losses Traditionally weak first quarter improves for Greek ferry owner. Clarkson says profits riding high Company moving HQ to office on site of former Roman river quay. Optimism floods MBC Malaysian bulker and tanker owner expecting better things this year as Q1 profits soar. Smit holding its own Business brisk but salvors cautious on business unpredictability. Fesco on a roll Russian owner boosted bottom line in 2003 despite falling revenues and operating results. Borgestad wiping away red ink Norwegian bulker owner cutting losses in 2004 as revenues rise. Frontline details SFI listing Ship Finance International announces that bonds can now be traded. Orey rues acquisitions Portuguese broker and agent pushed into loss by expansion in first quarter. Blaze cruiseship set for delivery Sistership suffers scrape off the Canadian west coast. OMI offers $563m for Stelmar OMI warns it will 'explore all its options' if agreement not reached, after formal offer put on table. Alstom closes on rescue deal French industrial and shipbuilding group announces huge full-year loss, but state-backed finance deal at advanced stage. Frontline voyage expense soars Top tanker owner opens its books as finance offshoot prepares for listing. Golar hoists Korea Line stake John Fredriksen's gas empire stalks up to make Asian owner an associate company. Box lines resume PSV New World Alliance carriers to start South China to Los Angeles peak season service once again.

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MAY 26, 2004
Med/India carriers raise freight rates Med Shipping, partners end direct Europe/East Africa service Hamlin steps down as president of APL Americas NOL names head of business solutions Frontline subsidiary Ship Finance to join NYSE Coast Guard finds 10 stowaways on barge in Puerto Rico Short line to lease CSX track FMC reviews 5 OTI applications, revokes 8 licenses NVO Ocean World Lines picks Management Dynamics software U.S., Mexico continue efforts to resolve agricultural trade disputes FCC boosts RFID capability for container applications "K" Line to move to larger terminal in Tacoma Port of Seattle's box traffic up 17% in April Box volume rises 9% at Marseilles-Fos

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MAY 26, 2004
ISPS deadline impossible to keep The July 1 deadline for introduction of the International Ship and Port Facility Security Code (ISPS) has come under severe ... Eukor vessel total loss Eukor vessel, the "Hyundai No. 105" is likely to be declared a total loss. The relatively low value of the ... UK and Sweden on top of white list The UK-flagged and Swedish-flagged fleets are still on top on the ranking of flag states by the port ...