BRIEFS

web site

Shipping News

MPA finds no bunker fuel breach of Marpol
THE Maritime and Port Authority of Singapore has found no breach of a convention governing maritime pollution, contradicting a report just over a week ago by the petroleum services arm of classification society Det Norske Veritas .
China steel stocks key to freight rebound
GLOBAL ocean freight prices for raw materials, which have slid from record peaks, are expected to bounce back once China starts to reduce its ballooning steel stocks, a ship industry executive said on Wednesday.
Westport to reschedule port calling of ships
OPERATIONS at Westport here were expected to be slightly affected, especially in terms of merchant ship arrivals, following the stopover of nuclear-powered aircraft carrier USS Nimitz from yesterday, said Port Klang Authority chairman Yap Pian Hon.
Liner capsizes after fire in Taiwan harbour

Admiralty Casebook

When lakes are 'navigable waters'
ALAKE is a navigable waterway if it is physically capable of being used for navigation, a US appeals court ruled last week, rejecting an argument that a lake may not be considered 'navigable waters' if it was not being used for commercial shipping.

web site

Shipping News

MPA finds no bunker fuel breach of Marpol
THE Maritime and Port Authority of Singapore has found no breach of a convention governing maritime pollution, contradicting a report just over a week ago by the petroleum services arm of classification society Det Norske Veritas .
China steel stocks key to freight rebound
GLOBAL ocean freight prices for raw materials, which have slid from record peaks, are expected to bounce back once China starts to reduce its ballooning steel stocks, a ship industry executive said on Wednesday.
Westport to reschedule port calling of ships
OPERATIONS at Westport here were expected to be slightly affected, especially in terms of merchant ship arrivals, following the stopover of nuclear-powered aircraft carrier USS Nimitz from yesterday, said Port Klang Authority chairman Yap Pian Hon.
Liner capsizes after fire in Taiwan harbour

Admiralty Casebook

When lakes are 'navigable waters'
ALAKE is a navigable waterway if it is physically capable of being used for navigation, a US appeals court ruled last week, rejecting an argument that a lake may not be considered 'navigable waters' if it was not being used for commercial shipping.

	web site

BC truck strike having an effect, VPA boss says STX Pan Ocean and Heung-A launch 2nd joint service Interline Shipping changes name to Transliner Private

	web site

Allcargo Movers (I) acquires 34 pc stake in ECU Hold NV MacAndrews to widen coverage of Indian market through IndAmEx A.P. Møller-Maersk acquiring further stake in P&O Nedlloyd NV Seaways' Coastal Express Service receives overwhelming response in maiden voyage ONGC eyeing Canadian oil company Cashew kernels exports fetch Rs 4.97 bn in April-May Ceca signed with Singapore to propel trade Ceca to take India, Singapore trade to $ 10 bn in 2005-06'Assocham Talks to end MbPT transport workers strike prove fruitless WCA Family alliance introduces new network for project forwarders & related service providers Warehouses sprouting all over Nagpur Fieo agitated over move to fix ceiling on export turnover as condition for Sec. 80 HHC benefits India Inc positive on GDP growth: CII survey Reliance Energy among buyers of bidding papers for NH works Foreign Trade Analysis: Current Policy & Procedures - By M. Sreedharan Rakesh Mohan appointed RBI Dy Governor New office-bearers of BCC&I's STL Committee

	web site
JUNE 30, 2005
Grand Alliance members comment on possible Grand Alliance composition Lufthansa Cargo increases fuel surcharge to EUR 0.45/kg Billings Study: LTL customers would rather surf than call FedEx with record revenues and earnings in Q4 2004/2005

	web site
JUNE 30, 2005
Positive start for Braemar Seascope Piracy will still be against UK law Tonnage tax "window open" Singapore class society for non-Solas vessels Pirates plead guilty

	web site

Panama Canal Authority adding eight new Z-Tech tugs Surface transport numbers up for NAFTA trading partners Freight count up for US railroads Port of Vancouver, USA opens facilities to public Marcon names Coombe to team of ship brokers

	web site

Shipmanagers link in standards drive MANY of the world's top shipmanagers have joined forces to propose a new set of industry-wide operational key performance indicators. First day share price plunge adds to Cosco's gloom HAVING raised $1.2bn rather than the $1.65bn it had hoped for, Cosco Holdings' initial public offering in Hong Kong received a further setback when its share price fell 11% at the end of its first day trading yesterday. Jamaican flag targets huge growth JAMAICA'S flag of convenience is set to see tenfold growth over the next five years, according to the head of the country's maritime authority, writes David Osler. Shanghai port listing backed SHANGHAI International Port (Group) vice-president Chen Xu-yuan's declaration that China's biggest port operator plans an initial public offering in Hong Kong next year has met positive sentiment from analysts, writes Mike Grinter in Hong Kong. Interferry launches crusade to cut Third World death toll A PROGRAMME designed to reduce dramatically the number of deaths in developing world ferries has been launched by Interferry, the trade association for the worldwide ferry industry, writes Michael Grey.

	web site
JUNE 30, 2005
P&O Ports' Sarbh steps down JIMMY Sarbh has stepped down from his position as regional director (South Asia and Middle East) at P&O Ports. He will be succeeded by Nikhil Naik, currently deputy regional director PDVSA launches PetroCaribe VENEZUELAN oil giant PDVSA has created a new subsidiary, PDV Caribe, to supply low-priced fuel to the Caribbean islands under the 'PetroCaribe' plan Bottiglieri fined over oil log ITALIAN shipowner Bottiglieri di Navigazione escaped potentially higher fines this week by pleading guilty to a single charge of inaccurate record keeping in a US court Dockers: organised crime concerns US PROSECUTORS are to ask federal courts to strip International Longshoremen's Association leaders of their power over organised crime concerns Weak HK debut for China Cosco CHINA Cosco Holdings made a weak Hong Kong market debut with its stock closing on HK$3.825, down 10% from its IPO price Singapore floats class society SINGAPORE has launched SingClass International Pte, a classification society to cater to small, non-conventional vessels 500gt and below AP Moller sells non-core airline Singapore boosts maritime studies Finnlines hopeful as dispute ends

	web site
JUNE 30, 2005
Hanjin to deploy new ships in Pacific The 8,000-TEU vessels will join the Pacific Express Service in July and August. ILA accuses DOJ of 'shameful' leak Cosco parent's shares dive in first day of trading Talks may begin soon in Vancouver trucker strike NY-NJ port authorizes 2 more ondock rail tracks Canada, Port of Halifax help fund short-sea study Global air-cargo volume slipped in May Merchandise trade jumped 9% in '04, WTO says Panama Canal to add powerful new tugs 2 shippers settle export cases

	web site
JUNE 30, 2005
BC Federation of Labour offers to help resolve truck dispute The BC Federation of Labour today announced it was willing to work with the Vancouver Container Truck Association (VCTA) to resolve a four-day truck-strike at Vancouver and Fraser River Port. Cosco Holdings shares slump below IPO price on first trading day China Cosco Holdings saw another setback in the stock market by closing at HK$3.825 (US$0.49), 10% below its IPO price of HK$4.25 (US$0.54), which was the bottom of the targeted range. HK exports value up amid uncertainties Maut: much money, no mishaps, few dodgers Recognition of striking Mumbai union may be withdrawn, warns labour commissioner OffPeak shippers warned credit check could delay processing, delaying cargo Shenzhen Port Authority sets construction fee deadline Alliance move from La Spezia could see port lose more services Gwangyang Port operations not affected by hauliers' strike Pacific Express will benefit from Hanjin's new 7,500TEU ships CSAV-Libra Montemar service swaps USEC calls Russia-Finland traffic to be boosted by Northern Lights train North India not enough, as Macandrews looks south

	web site
JUNE 30, 2005
Quintana slashes target Stamatis Molaris' dry bulk company seeks $114m less as IPO winter sets in. 'Not helpful' New revelations of Stamatis Molaris' troubles with the SEC may hurt chances of a successful IPO by Quintana Maritime, experts say. Morten or Hugo? Foreign shipowners starting with Morten Arntzen-led OSG could be pushed aside by Hugo Chavez's PDV-Caribe. Wilson snaps up Multibulk Norwegian mini-bulker owner continues on acquisition trail with takeover of Bergen company. ITF bows to court order Federation tells affiliates in European Union free to negotiate with Viking after injunction. Wartsila in China thrust Finnish engine builder inaugurates $8m Lips facility inland from Shanghai. Moller bid under global scrutiny EC and other countries put heads together to assess impact of P&O Nedlloyd takeover. New chief for Tankships Aviation executive parachutes in to take the helm of James Fisher's coastal products fleet. Cosco shares tumble 10% Stock slumps on the first day of trading as analyst declares company two years too late. Canada wants level playing field Government to campaign against yard subsidies at latest OECD meeting in July. Coscon goes to Koper Chinese giant to run feedership between Slovenia's only port and Naples. Pirates seize food-aid ship Kenyan vessel hijacked off Somalia, as attackers demand $0.5m ransom. Spill bill for Delaware River US House of Representatives passes new bill to protect waterway after Athos I incident. Marsh stays upbeat Braemar boss says recent freight rate declines aside, long-term outlook for shipping remains positive. Kongsberg wins LNG work Norwegian ship supplier sells eight LNG carrier control systems to Korean yards. Hanjin rolls out big guns South Korean boxship player's first 8,000-teu ships poised to join fleet on transpacific route. Piracy insider pleads not guilty One of two crewmen suspected of complicity in the Nepline Delima piracy attack is denied bail. Aries takes Seine Nasdaq newcomer exercises purchase option on 2,917-teu boxship and extends CMA CGM charter.

	web site
JUNE 30, 2005
International Shipholding reshuffles management CSAV adds Savannah to U.S. East Coast/East Coast South America loop Hanjin Shipping to deploy 8,000-TEU ships in transpacific China Shipping (Europe) moves into new office A.P. Moller-Maersk to sell Maersk Air Two more airlines raise fuel surcharge Continental starts daily nonstop New York/Berlin flights Two shippers pay civil penalties for U.S. export violations Florida temporarily halts entry of South African oranges Welsh-Carson acquires majority stake in Ozburn-Hessey Logistics Siemens Netherlands picks Kuehne + Nagel as logistics partner Tampa takes delivery of gantry cranes

	web site
JUNE 30, 2005
Fight on to stop the EC IMO move The European Commission (EC) has not given up the idea to represent all member countries at the IMO and will ... Austal fail to stop Stena hull form patent Australian company Austal has failed in the Federal Court of Australia, yet again, to stop the Stena hull form patent ... Maersk to buy one more shipping company A.P. Møller-Mærsk Group continue to use their enormous cash-flow from its ongoing business to purchase further companies. Now ...

	web site
JUNE 30, 2005
US bunker prices predicted to firm Suppliers expect prices to firm tomorrow ahead of Independence Day holiday, Canada closed Friday. LA proposes tough new emissions control measures Report recommends new regulations amid warnings of limited availability for low-sulphur marine fuels. Japanese May bunker sales show upturn MPA follow-up on MARPOL case says no breach was made MPA says new tests of samples show no breach of 4.5% sulphur limit, while DNVPS says it has full faith in the reliability and accuracy of its testing methods. Dubai exchange open for membership Dubai Gold and Commodities Exchange (DGCX) has announced that it is open for membership and will begin trading in November. Singapore: Class society targets port limit tankers Singapore launches its own classification society targeting small ships that trade locally, including port limits tankers. ARA barge market bids move closer to offers Singapore: Lower residual stocks, bunker prices may rebound Singapore's onshore residual fuel stocks dropped by over a million barrels and bunker prices are expected to rebound next week market sources said. OPEC considers further hike in output quota OPEC may raise its oil production quota by 500,000 barrels per day soon, while an increase in US crude stocks saw oil prices s;ide toward $57 per barrel yesterday. Korean market weakened by high bunker prices South Korean bunker fuel prices were considered too high at the moment to fetch healthy demand volumes, traders said.