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Shipping News

Lines uncertain if China freight boom will last
FOR global shipping lines, China was a dream come true.
US inter-modal delays hit one week: TSA
TRANS-Pacific container carriers including Neptune Orient Lines' APL say US inter-modal delays have reached a week as the current peak season hits its apex.
China's biggest coal port to expand
QINHUANGDAO Port Group, which manages China's largest coal port, said it will expand capacity 45 per cent by the first quarter to meet increasing energy demand.

Admiralty Casebook

Uncertainty inherent in a charter's war clause: court
THE Court of Appeal in England last month upheld a decision of a lower court that a charterer only had to pay damages from the time it terminated a charter until the outbreak of the Iraq war and not the full remaining period of the charter.

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Shipping News

Lines uncertain if China freight boom will last
FOR global shipping lines, China was a dream come true.
US inter-modal delays hit one week: TSA
TRANS-Pacific container carriers including Neptune Orient Lines' APL say US inter-modal delays have reached a week as the current peak season hits its apex.
China's biggest coal port to expand
QINHUANGDAO Port Group, which manages China's largest coal port, said it will expand capacity 45 per cent by the first quarter to meet increasing energy demand.

Admiralty Casebook

Uncertainty inherent in a charter's war clause: court
THE Court of Appeal in England last month upheld a decision of a lower court that a charterer only had to pay damages from the time it terminated a charter until the outbreak of the Iraq war and not the full remaining period of the charter.

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Congestion in W Africa ports pushes up surcharge "K" Line sells Rokko Island property Hanjin opens sales office in Wenzhou Investors give billions to develop Yangkou's port zone VLS launches weekly service to Genoa P&O sells cold logistics unit Exel wins logistics deal with Makro in the Philippines Sinotrans launches first Xiamen-Manila direct service Northwest Airlines reports Q3 loss GIA selects new GSA UA names new US VP

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Chowgule nets Rs 4,800-cr. overseas orders to build 12 cargo vessels Report casualties at sea within 48 hours-DGS SCI inks deals with Daewoo for 2 VLCCs Breather for exporters extended RBI extends lower interest rates on export credit till April 30, 2006 JNPCT sets new single-month benchmark in container throughput CoPT seeks sales tax exemption for proposed bunkering terminal at Puthuvypeen Paradip Port under the weather Deadline for submitting EoIs extended to Nov. 30 IPBCC announces rate restoration with effect from Dec. 1 DP World sends out feelers for P&O acquisition Airlines set to create more capacity for cargo soon Kakinada CHAA office-bearers Talks on India-EU maritime, civil aviation pacts to begin early next year Powerlooms, composite mills rivalry ends with differential tax abolition CBEC revises tariff values of palm oil, reduces soyabean oil duty India, Mauritius sign pact to boost seafood trade MoU a precursor to PTA SEZ rules finalisation delayed Govt seeks SC ruling on FBT validity E&Y files report on tri-nation gas pipeline project feasibility Patents for trademarks being expedited Poultry exporters 'counting chickens before they hatch'! Trade data may be shared by customs officials at WTO Ficci wants 10-year tax holiday for infrastructure projects G.K. Granites bags Capexil export award Tax treaty with Japan to be revised

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NOVEMBER 3, 2005
New NYK Logistics human resources director NOL reports demand-driven growth in Q3/2005 SAS Cargo takes over cargo capacity from Sterling TransForce completes strategic acquisitions Japan Post and TNT join forces Hungary increasing motorway toll in 2006 Qualcomm's electronic on-board recording application available

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NOVEMBER 3, 2005
ITF wins appeal in Rosella case Quality standards discussed at Tripartite talks ICTSI spending over US30m on Toamasina ABS and Russian Register in new deal Hoverspeed's Dover closure prompts union anger

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NOVEMBER 3, 2005
Sea Containers plans drastic ferries restructuring Wartsila power for world's largest drillship Aker American reports profit Diesel electric power for heavy lift conversions

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NOVEMBER 3, 2005
The Greenbrier Companies posts solid quarterly totals Horizon Lines releases third quarter numbers Corps closing Ballard locks for annual maintenance NCL announces delivery date of new PRIDE OF HAWAII Crowley's South Florida unit returns to normal operations

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Teekay LNG in $180m deal for double-hull suexmaxes TEEKAY LNG Partners is to acquire three modern double-hulled suezmax tankers, together with their related long-term charters, from its parent for $180m. We are not for sale, insists Eletson BLUE chip product tanker operator Eletson has declared that it is not for sale as it responded to being at the centre of furious takeover speculation this week. General Maritime ready to offload remaining single-hulled tanker fleet GENERAL Maritime is poised to become an entirely double-hulled tanker company, pending official confirmation of the disposal of seven aframaxes Clarksons and Plowright set for merger CLARKSONS and J O Plowright (Holdings) announced last night that they are in discussions with a view to merging their operations, Reuters reports . Erck Rickmers' boxship in full bloom SHIPMANAGER ER Schiffahrt has named a further newbuilding at South Korea's Hyundai Mipo yard, bringing the operating fleet to 59 boxships with a total capacity of 242,000 teu, writes Katrin Berkenkopf in Cologne. Thoresen Thai targets fleet renewal THORESEN Thai Agencies is budgeting $100m over the next year for its continued fleet renewal programme and is looking to diversify.

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NOVEMBER 3, 2005
Maritrans navigates refinery disruptions Tensions rise over border change Unifeeder hikes rates Teekay sells to LNG spinoff OSG sees strong storm impact Viking to continue cutting costs Migrant tragedy: Cubans plead guilty Rising demand for project cargo US invests to speed grain flow Mozambique cancels rail concession

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NOVEMBER 3, 2005
U.S. proposing global shipping database for supply-chain security PierPass pauses for union stop-work meeting Bonner praises trade partnership Crowley resumes S. Fla. operations Mobile upgrades channel draft Ceres appoints U.S. managers CMA CGM to upgrade Asia-Med service

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NOVEMBER 3, 2005
Toll ready to pounce on P&O if Patrick bid falters Aggressive Toll Holdings has announced it will approach any P&O buyer with a view to acquiring the company's Australian assets should Toll's own current takeover for Patrick Corporation fail. Russia's double trouble a commercial opportunity Customs claims new Australian clearance system now coping North Korean rail links move a step closer DP World set to develop Turkish facility Korea/Japan consortium selected for Busan hinterland Masan to construct four box berths Port of Montreal box traffic steaming to another record

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NOVEMBER 3, 2005
Ice smart owners? Describing Greeks investing big dollars in Arctic trading as 'ice class tourists' is highly inappropriate says Vasilis Bacolitsas. Jinhui books bulker Hong Kong and Oslo-listed owner orders handymax unit at Japan's Oshima for mid-2007 delivery. Costs hurt Hanjin High bunker costs plus the weakness of the US dollar cut operating income at South Korean owner. Teekay waives US flag Vancouver owner lands first shuttle contract in US Gulf, apparently serving BP in Jones Act waiver tied to Katrina damage. Clarke inks Shamrock finance Canadian transportation firm arranges $11.5m in ship financing for boxship acquired at auction. Not yet OSG's Arntzen tells analysts he's not ready to jump into the shares buybacks now in favour with his tanker peers. Clarksons talking with Plowright Acquisition of London brokerage would boost petrochemicals and products expertise. Wilson banks a profit Bergen-based bulker owner trounces last year's nine-month result. Solvang lifts earnings Norwegian owner's three sizes of gas carrier all produce better results in first nine months. . Shell game OSG locks up two Philly newbuildings with Shell, with similar BP deal expected to come final shortly. Record profit for OSG Third quarter net income climbs 5% despite weaker VLCC and aframax charter rates. Fredriksen enters Arcadia Tanker king flashes more cash as he snaps up Mitsui's oil trading arm. ITF wins Viking appeal Court overturns injunction, saying unions' right to act must be decided by European Court of Justice. Horizon back on track US liner company returns to profit in first nine months, with third quarter earnings soaring. Torgelow found Kenyan owner Motaku Shipping hopes cargoship hijacked by Somali pirates will soon be released. Aker American back in profit Owner of Kvaerner Philadelphia shipyard claws back some of last year's losses in first three quarters. NGH .. way to go on gas? Japanese players are moving ahead with yet another form of gas transport and hope to see the first cargo shipped by 2010. Cargoship under tow off UK Tug bringing powerless Cambodian vessel into Falmouth after it drifted towards Cornwall coast. Genco raises dividend Genco Shipping & Trading is upping its dividend based on a strong quarter and its anticipated earnings from a new acquisition. Forbes plugs Maritrans Tanker operator Maritrans is basking in the glow of good press and reporting its strongest numbers ever.

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NOVEMBER 3, 2005
Horizon Lines counts cost of IPO as profits drop 72% Expeditors posts double-digit 3rd quarter increase U.S. truckers question antiterror basis of fingerprinting USDA takes additional steps to ease grain transport on Mississippi River Ryder names VP of marketing, fleet management U.S. Chamber urges further reforms at Summit of the Americas ITC maintains antidumping duty orders for Indian and Thai shrimp Vanguard expands in Asia and Europe ILWU calls stop-work meeting in Los Angeles-Long Beach Ore imports delay ships in Chinese ports Port of L.A. delegation, Chinese officials to discuss air quality

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NOVEMBER 3, 2005
Broström issues bond Göteborg-based tanker operator Broström has for the first time turned to the bond market as a financing source. Arranged ... Fredriksen buys suezmax'es from Genmar John Fredriksen has bought six double-sided suezmax tankers from General Maritime (Genmar) for USD 130.0 million en bloc, according ... Sirius in re-sale deal for a product/chemical carrier Turkish Besiktas Group has re-sold a newbuilding contract for an oil product/chemical carrier to Sirius Rederi on Donsö ...

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NOVEMBER 3, 2005
Narrow margins see Houston prices rebound Suppliers seeing resupply costs higher, raising prices from the lows seen this week. Lubricants: Vulnerability a symptom of consolidation Consultant assesses the impact of consolidation on the lubricants industry, and poses questions about ongoing and future vulnerability of supply. Durban: Normal business to resume early next week One refiner will quote enquiries from November 10, the other hopes to entertain spot business from early next week. EU study on ship emissions puts scrubbing in focus A study on abatement technologies for the European Commission shows scrubbing as cost efficient means of reducing sulphur emissions, quite possibly more so than switching to LSFO. Clean-up underway after heavy fuel spill off Antofagasta Clean-up efforts are under way off the coast of Antofagasta after collision results in spill. Rotterdam stable, prompt product tight Singapore: Stocks of distillates up, residual fuels down Hong Kong: Closer cargo arrival dates boost confidence Traders report renewed confidence in ability to meet 180 cst requirements as cargo arrival dates near. Oil prices hold steady on US stocks data World oil prices remained almost steady last night following US inventory data showing figures above market expectations.