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Shipping News

Newbuilds may dampen shipping sector: Fasa head
WHILE the near-term prospects remain positive, the shipping industry must prepare for a dampening effect as more newbuildings come on stream, warned the outgoing chairman of the Federation of Asean Shipowners' Associations .
Dubai Ports to wait to sell P&O ferries: consultant
DUBAI Ports World would most likely wait for P&O's struggling ferry arm to return to profitability before selling it, a top shipping consultant said on Wednesday.
Port Klang seeks investors in India
PORT Klang Free Zone has invited investors to invest in the Malaysian free trade zone 'to see your business grow and succeed in South-east Asia'.

Admiralty Casebook

A converted ship is still a ship
A TANKER that was converted in Singapore 10 years ago into a floating offshore oil production unit was at the centre of a recent decision in an Australian appeals tribunal on whether it fitted the definition of a 'ship'.

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Shipping News

Newbuilds may dampen shipping sector: Fasa head
WHILE the near-term prospects remain positive, the shipping industry must prepare for a dampening effect as more newbuildings come on stream, warned the outgoing chairman of the Federation of Asean Shipowners' Associations .
Dubai Ports to wait to sell P&O ferries: consultant
DUBAI Ports World would most likely wait for P&O's struggling ferry arm to return to profitability before selling it, a top shipping consultant said on Wednesday.
Port Klang seeks investors in India
PORT Klang Free Zone has invited investors to invest in the Malaysian free trade zone 'to see your business grow and succeed in South-east Asia'.

Admiralty Casebook

A converted ship is still a ship
A TANKER that was converted in Singapore 10 years ago into a floating offshore oil production unit was at the centre of a recent decision in an Australian appeals tribunal on whether it fitted the definition of a 'ship'.

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MTL to invest US$867m in Dachan Bay container terminal project UASC launches two new Asia-Middle East-Europe services E R Schiffahrt charters 1st of 9 new 8,200 TEU ships to Coscon Tanker makes maiden call at Qingdao CMA CGM, APM Terminals invest in Alabama terminal PSA Corp 'AAA' rating affirmed by rating agency New charges to be imposed on shipments headed for Congo Malaysia Airlines posts Q2 loss Dragonair sees cargo volumes rise 13.8pc yoy from Jan-Oct CAL invests in CASL

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Sri Lanka university confers Doctorate on Shri Prakash ONGC plans to acquire VLCCs, suezmax vessels GAC Logistics bags prestigious Lloyd's List award Exim Bank offers consultancy to SME exporters Pharmexil projects 35 pc export growth in five years Now Exim Bank's JV, GTF, offers import factoring products too Andhra CM assures infrastructure facilities for garment exporters Cochin Shipyard bags major order to repair 3 ONGC rigs Another check post opened to move export boxes to Cochin Port Move to build state-of-art jetty with CFS facility under KDS along Hooghly W. Bengal asks IPA to conduct study for shipyard along Hooghly WCAF to hold major freight forwarders meet at Vancouver in April 2006 Swiss team woos Indian investors Report on EET system of taxation submitted to Chidambaram Hinjewadi IT Park's Phase-II accorded SEZ status

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DECEMBER 1, 2005
Veenman re-elected CER chairman Deutsche Bahn AG signals interest in HHLA Hamburg Süd: "Trident" Service to replace RtW Service Gulf Air to operate service to Johannesburg Hamburg gives go-ahead for cross-port motorway Cutbacks at Railion Danmark TNT Express opens new facilities in the UAE

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DECEMBER 1, 2005
Dry freight futures market flattens ASF calls on states to join anti-piracy agreement Owners face US tax trap Irish ferries dispute worsens Slight volume drop at Marseilles

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DECEMBER 1, 2005
Rolls-Royce delivers first CVN 77 propeller L-3 to acquire SAM Electronics First Snohvit LNG carrier named American Commercial Lines launches JeffLabs VT Halter Marine awarded missile craft design contract

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DECEMBER 1, 2005
Alex Merwin dies of heart attack Maruba adding Seattle, VBC to California Express Service Coast Guard hopes to nab person responsible for hoax calls New look coming to Everett Port Commission Rail group publishes new collection of facts

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Share spree puts Genmar back in Frontline's takeover sights John Fredriksen's Frontline is again stalking rival General Maritime with a view to creating a mega merger within the tanker industry. Brokers to break up Axa's P&I portfolio AXA Corporate Solutions indicated yesterday that it would be leaving it to brokers to disperse its protection and indemnity portfolio on the market after announcing that it is withdrawing from this line of business after six years. Grimaldi abandons Sea Malta talks Grimaldi Group of Naples has pulled out of long-running negotiations to buy ro-ro operator Sea Malta after it failed to reach agreement with Malta's General Workers Union. WTO members question Jones Act trade rules exemption MARITIME powers led by Japan, Norway, the European Union, Hong Kong, Australia and Korea, yesterday questioned the continued exemption of the US Jones Act from international trade rules.

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DECEMBER 1, 2005
Frontline back in GenMar hunt FRONTLINE is for the second time amassing a significant stake in General Maritime Corp, which it has targeted for 'an acquisition or strategic transaction' since last year CDC seeks quarantine tightening THE Centers for Disease Control is proposing 'critical' rule changes to protect the US from avian flu and other illnesses Germans warned to cut bureaucracy GERMANY must slash bureaucracy and make its shipping administration more customer-friendly if it is to boost its flag, the shipowners' association said today PM Ahern leads Irish Ferries talks TALKS to solve the Irish Ferries manning dispute have today reach the Dail, the Irish parliament, with the issue on the agenda for senior politicians' discussions Petronet selects Exmar/IOC/Varun THE consortium of Exmar of Belgium, Indian Oil Corp and Varun Shipping will win the contract for construction of a third LNG tanker for Petronet LNG Sea Malta lifeline ended Choctaw MCT deal struck Japan still dependent on Mid East oil Yangshan mega port now open Panama plans for 2012 opening China boom fuels FEFC optimism UK 'no longer interested in shipping' Le Havre braces for tug conflict

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DECEMBER 1, 2005
Trans-Pacific lines boost bunker charge Fuel surcharge on ocean shipments from Asia to the United States will rise to a record $590 per 40-foot container Jan. 1 COAC approves 'green lane' proposal EU clears CMA CGM's Delmas buy Body believed to be missing mobster PD Ports is latest UK takeover CSX Intermodal eases fuel charge USPS peak: 20 billion items Northwest posts $346M loss Gain for Descartes net Maruba to expand West Coast feeder

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DECEMBER 1, 2005
Supply-chain stakeholders stoke power struggle The stage is being set for a new series of power-struggles in the supply-chain, according to stakeholders jockeying for position in the European and worldwide arenas. European Parliament rejects EC's anti-trust views The European Parliament threw some crumbs of comfort to liner conferences by endorsing several important recommendations of its Transport Committee on Tuesday, including reforming rather than repealing regulation 4056/86. Indonesia's surcharge dispute simmers on Challenger for PD Ports No PPP for third Botany terminal Korean dockers cancel strike plans Kolkata Port handles first ever gearless ship Kursiu carries forward expectations Russian rail container traffic to grow 5% over 2005 FCT set to pass 700,00TEU mark in mid-December Busan New Port ready for January start Hanjin takes slots on MOL's new service Pyeongtaek to develop port hinterland next year Indonesian shipowners call for domestic carriers to increase market share

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DECEMBER 1, 2005
$116m for Maersk VLCC? Sale of 1999-built Elisabeth Maersk would signal continued firmness in big-tanker valuation. Exmar, Varun clinch Petronet deal Shipowning duo join IOC to build new LNG carrier at Daewoo for Petronet LNG. He's baaack! Fredriksen again stalks Genmar with 10% shares buildup, including 1.8 million unit grab so far this week. Davids slay ferry Goliaths Smaller European operators moving to take pole position as modern tonnage provides the key. Goldenport failure wallops GO Carriers AIM-listed owner loses 25% off share price in first hour of trading. Ferguson wins this time Scottish yard triumphs in latest CalMac ferry tender, after laying off staff when it lost out on previous contract. Kirby chairman cashes in C Berdon Lawrence to sell more shares in US barge giant, cutting stake to about 5%. Choi back in hotseat Hyundai Mipo boss Choi Kil Seon returns as HHI chief executive 19 months after move to affiliate. Irish Ferries looks to Cyprus Strike-hit owner has applied to move registration of three ships in bid to solve crewing problems. Eidesvik fixes newbuild Oil and gas contractor Stolt Offshore to charter specialist offshore vessel for up to twenty years. Solvang adds third at HHI Norwegian owner orders another 60,000-cbm LPG carrier at Korean yard for delivery in 2008. Axa chops P&I French insurer pulls out of fixed premium market after costly Kiperousa loss. Tepco ups LNG orders Japanese utility company orders another gas carrier at Mitsubishi for use in Sakhalin II project. Austal inks Turkey pair Istanbul Deniz Otobusleri finally puts pen to paper on deal for two 88 metre ro-pax fast ferries.

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DECEMBER 1, 2005
Hanjin to join Asia/South America trade Maruba Lines to add Seattle, Vancouver calls to California Express Wallenius relocates DAS headquarters to New Jersey Rough weather hinders barge salvage off U.S. Gulf Coast Cathay Pacific makes its largest plane order British Airways to cut one-third of managers IATA: October air freight growth flat Con-Way picks Potter to run time-definite operation CN concludes Canadian labor negotiations Oceanwide provides access to advanced notice portal Tampa Steel conference set for Feb. 2-3 DP World to develop 1 million-TEU terminal in Turkey

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DECEMBER 1, 2005
"Norden" orders more ships in China Dampskibsselskabet "Norden" yesterday confirmed the order for another handy-max bulk carrier from the Chinese shipyard Chengxi in Shanghai. (SSG ... Killingholme added to the Norfolkline map Norfolkline in the A.P. Møller-Mærsk-Group will in June 2006 start sailings from its new terminal facilities in Vlaardingen ... Solvang orders third LPG carrier Solvang with partners has ordered a third 60,000 cbm LPG carrier at Hyundai in South Korea for delivery in the ...

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DECEMBER 1, 2005
Montreal resupply seen from three sources Replenishments due to Montreal's currently dry bunker market from import cargoes, and soon also from local refinery. EU sulphur surprise: Directive changes brings back higher limit EU 2005 directive, which will apply from August 2006, surprisingly allows increased sulphur content in some types of marine fuel. Official explains why. More EMSA oil spill response tenders in the pipeline Agency wants more oil spill response vessel in the Mediterranean, currently covered by one bunker tanker. Rotterdam barge market jumps with crude Hong Kong: Prices jump as demand remains low Bunker prices in Hong Kong jumped today following a week of declining prices, while demand remained thin. Oil prices gain as inventories fall Crude oil prices climbed on Wednesday after the US Department of Energy released the weekly oil inventory report. Japan: October bunker sales up 34.8% on month Both bunker fuel sales and production rose in October. Study reduces emissions and costs for Teekay Teekay Shipping and UK-based consultant group BMT SeaTech complete unique project that sees shipping giant reduce fuel emissions, optimise performance and save costs.