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Shipping News

Joint air patrol over Malacca Strait
DEFENCE chiefs from four South-east Asian nations have agreed to begin coordinated air patrols over the pirate-infested Malacca Strait next week to quell foreign jitters about security in the world's busiest shipping lane, officials said yesterday.
Cosco Pacific's H1 profit doubles on trade boom
BEIJING- backed container leasing firm and port investor Cosco Pacific Ltd said yesterday first-half earnings more than doubled, thanks to China-driven growth in seaborne trade, although worries that the global shipping boom is past its peak have been a drag on its stock this year.

Admiralty Casebook

Bankruptcy jurisdiction over vessel sales upheld
AUS appeals court last month ruled that US district courts' bankruptcy jurisdiction extends to vessels that have not been arrested within the courts' admiralty jurisdiction, rejecting any lingering notion of an apparent clash between US bankruptcy and admiralty laws.

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Shipping News

Joint air patrol over Malacca Strait
DEFENCE chiefs from four South-east Asian nations have agreed to begin coordinated air patrols over the pirate-infested Malacca Strait next week to quell foreign jitters about security in the world's busiest shipping lane, officials said yesterday.
Cosco Pacific's H1 profit doubles on trade boom
BEIJING- backed container leasing firm and port investor Cosco Pacific Ltd said yesterday first-half earnings more than doubled, thanks to China-driven growth in seaborne trade, although worries that the global shipping boom is past its peak have been a drag on its stock this year.

Admiralty Casebook

Bankruptcy jurisdiction over vessel sales upheld
AUS appeals court last month ruled that US district courts' bankruptcy jurisdiction extends to vessels that have not been arrested within the courts' admiralty jurisdiction, rejecting any lingering notion of an apparent clash between US bankruptcy and admiralty laws.

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WTSA Lines raise 2006 US-Asia cotton rates China Shipping to set up shipping agency in Israel PWC Logistics completes acquisition of GeoLogistics U-Freight gains security accreditation for HK, Singapore warehouses PoMC delivers strong result in 2004-05 Canada to benefit from proposed Gateway Project: transport minister FedEx starts express overnight India-China service UAL looks to exit Chapter 11 in early 2006 SAS Cargo expands Scandinavia-US capacity

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N-sub collides with cargo ship in Gulf: Little damage seen TSA adjusting US inland fuel surcharge Rajdeep Logistics introduces LCL/FCL consolidation to Iraq Kailash Shipping commissions CFS near Manali, Chennai Kolkata Port sets new monthly record for container handling ICA assessing damage to coffee stocks at ports in and around New Orleans Kandla Port continues to show remarkable performance VPT optimistic of achieving revised target of 55.15 m tonnes in 2005-06 JTB Express Services completes year of successful operations Fuel price hike to be a drag for road haulers AMTOI holds 6th AGM and get-together CONCOR sets up CFS at Gandhidham CWC's ICD-Kundli imports 1st container through Perma Container Line Corporate India wants self-certification clause included in LTU scheme Participate in India's infrastructure revolution, Baalu urges Singapore investors

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SEPTEMBER 8, 2005
New Chapman Freeborn Germany general manager New Mediterranean feeder line Indian government clears massive Airbus deal Leggett Logistics and Lamprecht Transport: new partnership India/Singapore bilateral agreement includes fifth airline freedom Internet transport platform doing well Work and pleasure both feature in the Fiata network

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SEPTEMBER 8, 2005
USCG sees Katrina rescues tailing off Singapore sets up bunker testing panel UK detains Liberian tanker ABP boosts earnings EC okays subsidies for delayed Portuguese tanker duo

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SEPTEMBER 8, 2005
Many back at work at VT Halter Marine OMSA finds temporary home Horizon Lines sets IPO price

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SEPTEMBER 8, 2005
Schnitzer plans to buy ten recycling operations Alaskan fuel firms acquired by Crowley Port of Tacoma schedules annual free boat tours Cargill anounces purchase of Russian grain facilities Port of Bellingham extends tours of Georgia Pacific property

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Nations unite on Malacca security pact THIRTY-four states agreed yesterday to co-operate on ensuring safe navigation and security in the Malacca Strait and to explore burden sharing with certain states keen to play their part. Pirates and terrorists 'not linked' INDONESIA has rejected the idea of a link between pirates in the Malacca Strait and maritime terrorism, writes Marcus Hand. CP Ships' share price rises on talk of rival takeover bid GERMAN tourism and shipping group Tui may still face competition for CP Ships, with rumours buzzing that other buyers are preparing hostile bids. Ancora buys quartet of Prisco handysizes in $100m deal GREEK tanker operator Ancora Investment Trust has struck a $100m deal to acquire four handysize product tankers from Primorsk Shipping Corporation of Russia (Prisco), it has emerged, writes Nigel Lowry in Athens Hoverspeed boss threatens hard line over unions HOVERSPEED managing director Geoffrey Ede is threatening to cut conditions for officers at the UK cross-Channel fast ferry operator, after being forced to concede union recognition to Numast.

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SEPTEMBER 8, 2005
Hurtigrute owners in merger talks THE boards of the two companies that operate the Norwegian Coastal Express or Hurtigrute service - Troms Fylkes Dampskibsselskap (TFDS) and Ofotens og Vesteraalens Dampskibsselskab (OVDS) - are to launch merger talks Germany combines safety agencies THE German government has decided to concentrate all authorities responsible for maritime security and safety matters in a new coast guard-type organisation ASRY breaks repair record ARAB Shipbuilding and Repair Yard completed repair work on a record 111 vessels in the first eight months of 2005 Second pilot helicopter crashes ONE person died and another is missing after a helicopter from Le Havre pilot station crashed early this morning, a few miles off Antifer, the Le Havre oil offshore port Cruise ships avoid Atlantic storms TROPICAL Storm Ophelia is diverting cruise traffic along Florida's eastern coast today, while Hurricanes Maria and Nate are tracking toward trans-Atlantic shipping lines Costa leads US back to Libya CARNIVAL Corp subsidiary Costa Crociere has unveiled plans to significantly increase the number of calls at ports in the North African country of Libya Australia resumes Iraq wheat trade Trans-Pacific cotton trade surging PetroCaribe advances amid protest Cosco Pacific doubles 1H earnings Pirates 'have different agenda' IEA outlines Katrina plan Horizon IPO re-emerges Steel spike in storm's wake Chavez aids US petroleum effort

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SEPTEMBER 8, 2005
Ports start to rebound from Katrina While the storm scattered ocean containers at the Port of New Orleans (left), ship traffic is gradually returning to the lower Mississippi and Gulf region. Analysis: Katrina a lesson for DHS, traders Vancouver containers up 5% Trans-Pac lines to hike cotton rates Record net for Cosco Pacific Former Transcom chief Handy joins Horizon Lines ABX buys jets from cash-strapped Delta MOL opens new China office Schwartz takes Transcom command Logicor acquires Pfastship

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SEPTEMBER 8, 2005
Maersk recovers unpaid port security surcharge from shippers Maersk Sealand will charge its customers the port security charge in south China and Hong Kong that it has never paid for, starting on October 1. Cosco Pacific may sell shares in Nansha Phase II Cosco Pacific says it has high hopes for the massive Nansha Port project in South China, but may sell part of its interests if the return is good. CMA CGM resigns from ANZ conferences Samudera: latest charter vessels hired at 'lower-than spot rates' Re-assessment of Malacca Straits piracy will see insurance costs surge ACCC knocks back Patrick's FCL buy Good response to Saudi coast to coast rail link tender

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Horizon hires Handy The head of US military transportation is stepping directly into top management at Horizon Lines after retiring yesterday. Katrina hire rates 'lopsided' Micky Arison's Carnival Corp is getting three times as much per evacuee as another owner for ships used in relief efforts. EU okays late yard subsidies Technical complexity of Fortum products tankers justifies subsidies for Portugal's Viana do Castelo. MCA finds crew starving UK port-state authorities have grabbed a Georgian-flagged ship whose unpaid crew was surviving on bread and olives. Quintana moves into Capes Newly-listed bulker operator buys two from NS Lemos as it looks to tap founders' commodity expertise. Courage sets a target Owner of elderly bulker fleet aims to raise up to $50m on Singapore exchange. Korea waives box charges Launch of three new berths in Busan next January prompts government incentives. Clean rates hit record Worldscale 500 paid for products tanker from Med to US in wake of Hurricane Katrina. ICG in the black Irish Ferries parent boosted by growing ro-ro volumes in first half, but could face trouble over foreign crewing proposals. VAT hurting European cruising? Maltese MEP calls for an end to tax regime for cruise lines in EU waters. Refugees reject cruise ships Victims of hurricane Katrina opt for squalor rather than luxury afloat. Palmali orders again Turkey-based owner builds orderbook with Russia's MNP group with five more cargoships. Norwegians talk merger Ferry operators OVDS and TFDS will begin tie-up discussions on Thursday.

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SEPTEMBER 8, 2005
COSCO Pacific profits up sharply WTSA to raise cotton freight rates MOL (China) opens Shijiazhuang office UAL Corp. files reorganization plan Delta sells 11 planes to cargo operator ABX FedEx launches China/India overnight service PWC Logistics completes GeoLogistics Corp. acquisition FCS offers help to AMS filers hurt by Katrina SATO joins Intermec RFID Rapid Start Licensing Program GT Nexus nets American Eagle Outfitters account COSCO Pacific profits up sharply Port of Vancouver post record half year box volumes WhereNet deploys RFID system at Port of Rotterdam

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SEPTEMBER 8, 2005
Transatlantic invests in fleet vessels Swedish Rederi AB Transatlantic, RABT, invests SEK 120 million (EUR 12.9 million) to increase its ownership in vessels already trading ... Finnlines opens ro-ro-servce to Muuga In the beginning of October Finnlines opens a ro-ro-service between L'beck and Muuga. The new service is operated ... Coaster lost its captain The Danish coaster "Vinland Saga" has lost its captain in the East China Sea in the waters between China and ...

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SEPTEMBER 8, 2005
One-fifth of ships require modification to burn low sulphur fuel A Port of Los Angeles study has concluded that one-fifth of ships surveyed would require modifications to meet future proposals for low sulphur fuels in US ports. Falzon not surprised at yacht's return after test analysis Maltese bunker supplier Falzon Group says it is not surprised at the return of the super-yacht M/Y Pelorus after independent analysis cleared the company. Poland: New board appointed at Ship-Service After several delays a new board of directors has been appointed to Polish bunker supplier Ship-Service SA. DOE & API: Oil stocks show the blow from Katrina Gasoline and crude inventories sharply lower, but refining takes the biggest knock. MPA: Bunker testing advisory panel for Singapore MPA move to form advisory panel comes in wake of controversy over samples showing sulphur above 4.5%. Rotterdam barge market bids move up nearer offers Singapore: Residual fuel stocks down, middle distillates up Japan: Retroactive bunker fuel price up in August Nippon Oil Corp and Nippon Yusen KK have agreed to increase the retroactive price for 180 cst bunker fuel in August. High prices of mid-sea bunkering halt deep sea fishing The sharp hike in mid-sea bunkering prices has caused deep sea fishing in Indian waters to come to a standstill.