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US documents show sweet deal for Carnival
THE US government's controversial agreement to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina provided more benefits to the company than have previously been disclosed, according to contract documents obtained by the Los Angeles Times.
Sohmen-Pao family to list Bergesen unit
BERGESEN Worldwide Ltd, owned by the Sohmen-Pao family, is preparing to sell as much as 45 per cent of its Norwegian gas-shipping unit in an initial public offering, the Wall Street Journal reported yesterday.
Nov bookings may boost Persian Gulf tanker rates
THE cost of shipping oil from the Persian Gulf to refineries worldwide on 2 million-barrel tankers may rise this week because of a limited supply of vessels as oil companies and traders increase bookings for November.
M'sia to launch new maritime security force
Hanjin to spend US$12m on China repair yard

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SINGAPORE Airlines and Tourism Australia have signed a deal potentially worth more than A$12 million to promote Australia as a tourist destination.

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Shipping News

US documents show sweet deal for Carnival
THE US government's controversial agreement to lease three ships from Carnival Cruise Lines for emergency housing after Hurricane Katrina provided more benefits to the company than have previously been disclosed, according to contract documents obtained by the Los Angeles Times.
Sohmen-Pao family to list Bergesen unit
BERGESEN Worldwide Ltd, owned by the Sohmen-Pao family, is preparing to sell as much as 45 per cent of its Norwegian gas-shipping unit in an initial public offering, the Wall Street Journal reported yesterday.
Nov bookings may boost Persian Gulf tanker rates
THE cost of shipping oil from the Persian Gulf to refineries worldwide on 2 million-barrel tankers may rise this week because of a limited supply of vessels as oil companies and traders increase bookings for November.
M'sia to launch new maritime security force
Hanjin to spend US$12m on China repair yard

Logistics

Log Book
SINGAPORE Airlines and Tourism Australia have signed a deal potentially worth more than A$12 million to promote Australia as a tourist destination.

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TUI extends CP Ships share offer US$1b to repair Port of New Orleans Alataw Shankou surpasses 2004 export total ICTSI shuffles managers

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New Asia-Med service unveiled IMO Secy-Gen. calls on shipping industry to boost image Mercator Lines decides not to in-charter nine vessels ONGC to replace ageing fleet MOL plans to aggressively expand product tanker fleet Lines servicing Australia trade raise BAF Busan port to open 3 new berths in Jan. NYK plans to order 20 LNG ships Hapag-Lloyd's Adolf Adrion heads new Box Club Dalian to be made shipping hub YICT orders 85 cranes at $ 250 m FEFC to raise BAF Seminar highlights advantages of Flanders region for trade Dumping duty on CR steel mooted Defence Ministry bars Hutchison's entry into port sector again KoPT to build 2 more berths, 2 jetties at Diamond Harbour Dighi port draws up Rs 1,200-cr. expansion plan Naval chief allays security fears over Sethusamudram project TAMP quantifying gains of PSA-Sical in Tuticorin box terminal ops Move to deter pvt. players entering CONCOR domain CONCOR puts up impressive show at Nagpur in September ICD-Pithampur handles 13,010 TEUs in H1 CONCOR close to significant pact with Bangla Inland Waterways Authority Forex reserves dropped by $ 1,205 million

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OCTOBER 10, 2005
Gefco Germany appoints new head of contract logistics OOCL to establish own offices in Spain and Portugal Cooperation Grand Alliance and New World Alliance Another round of fuel surcharge increases Rohlig (Poland) for 24plus in Germany Indesit Company and Geodis open a logistics pole in Lipetsk, Russia

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OCTOBER 10, 2005
IMO revising Unlawful Acts Convention UK gives US$97,000 to IMO flag state audit NorSkan Offshore and Farstad order at Aker Damaged containership in Rotterdam Tampa in Panama alliance ITIC warns over email claims

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OCTOBER 10, 2005
Vietnam yard wins Korean order AHTS order for Aker Promar Northrop Grumman updates hurricane impact guidance

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OCTOBER 10, 2005
Pair of shipping alliances plan to work together Schnitzer Steel reports record net income total Coast Guard honoring bravery of father and son from Port Angeles MTC earns top quality award for Port of Vancouver, USA auto handling Hanjin to open shipyard with Qindao Shunhe Shipping

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Frank calls for new deals to end ice class glut RUSSIA'S most powerful shipowner, Sergey Frank, believes the only way to beat the looming glut of ice class tankers is to seek out industrial deals that call for more than standard specification vessels. Stena and Sovcomflot join in bid to corner quality ice class market SWEDISH owner Stena Bulk is to set up an elite ice class tanker pool with Sovcomflot to secure Primorsk oil shipments and beat a looming glut of Baltic strengthened tankers, writes Jerry Frank. Sohmen family seeks $730m from Bergesen listing in Oslo The Sohmen family is seeking to raise more than Nkr4.6bn ($730m) through the sale of a 40% stake in Bergesen Worldwide Gas in an Oslo listing which could place a value of almost Nkr12bn on the company. ONGC embarks on offshore fleet renewal programme worth $897m INDIAN state-owned explorer-producer Oil and Natural Gas Corp has decided to invest Rs400bn ($897m) to replace its ageing offshore vessels and jack-up drills.

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OCTOBER 10, 2005
Anger over Marseilles strike latest CGT union employees at the port of Marseilles have reversed their earlier decision to return to work and will continue strike action GNV upgrades Rome-Tunis link ITALIAN cruise ferry operator Grandi Navi Veloci has launched a service from Civitavecchia to Tunis, with a stop over at the Sicilian port of Palermo Rates drag down Nordic American NORDIC American Tanker Shipping has posted third-quarter profits well short of 3Q04 on lower Suezmax spot rates, although trading conditions have now improved Minister rebuked as tension rises RUSSIA'S transport ministry today rebuked one of its senior officials for advocating a merger between Sovcomflot and Novoship Boxship slide finds resistance BOXSHIP charter rates continue to edge downwards, although tramp owners are resisting pressure from liner operators for rate reductions for long-term fixtures Lines 'cannot fund canal expansion' SHIPPING lines simply cannot absorb the estimated $5Bn-8Bn in Panama Canal expansion costs, a senior liner player has advised the canal authority Elena engineer faces long jail term US intermodal solutions 'underway' USCG probes Marianas grounding CNN makes news in Spain yard sale SNCM bidders' safety threatened Mittal Steel in $9Bn India deal Montanari to sell 10-ship LPG fleet Controversial refinery bill passed Marseilles port reopens Bergesen World Wide IPO on the road

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OCTOBER 10, 2005
European lines urge shipper dialogue European Liner Affairs Association defends plan to allow carriers to exchange data and collaborate on surcharges. Export ABCs: Regulatory Reprieves Marseilles strikes resumes Ports plot new ways to handle growing box volume U.S. ready to cut farm aid TACA fuel charge extended China air cargo soars Crowley reopens New Orleans office U-Freight adds Indonesia office Kitty Hawk expands ground network

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OCTOBER 10, 2005
Hanjin in RFID test to further Seoul's logistics goal Hanjin and its terminal faclities in Busan and Long Beach, are participating in testing Radio Frequency Identification technology as part of a new model of regional logistics. Modern Terminals in share buy back deal Modern Terminals, a major Kwai Chung operator, has agreed to buy back some of its shares from China Merchants Holdings (International) and Wharf (Holdings) Limited. Pakistan earthquake land-based, not maritime Investigation ongoing for Zim Asia collision CP Ships offer extended, as EC deadline nears Zhangzhou adds more new berths in south China Phase II to start at St Petersburg's Kronstadt Asian carriers keep on ordering ships Central Asian rail-container operator to buy own equipment Taiwan sustains export growth

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OCTOBER 10, 2005
BW Gas in payout promise Investors in newly listed Bergesen Worldwide venture can look forward to a $60m dividend next year. Solvang orders gas pair Norwegian owner builds orderbook with deal for 60,000-cbm vessels in Korea. Romanian yard up for sale Neighbouring Daewoo Mangalia one of the bidders for Santierul Naval Mangalia. Allais goes west French shipbuilder to run new yard in Cherbourg to build bigger vessels. Vinashin adds five more First order from South Korea will keep Vietnamese company's Pha Rung yard busy for a couple of years. BW Gas aims high Oslo listing to put $1.6bn to $1.8bn value on Bergesen Worldwide Gas as shares priced at NOK 80 to NOK 90. Express delivery for Pan Ocean Korean bulker owner becomes largest shareholder of domestic logistics company. Turkey plans more cruise work A month after Royal Caribbean bid to expand terminal on European side of Bosporus, another big project is in offing. Ice-class pool in the offing Stena and Sovcomflot joint venture aims to create fifteen-strong aframax tanker pool. Damen to repair Fowairet United Arabian Shipping Co's damaged containership heads for Rotterdam repair yard. Odfjell offloads oldies Norwegian chemical tanker owner has sold two elderly ships to undisclosed Chinese interests. Sohmen eyes more listings More companies within the Sohmen shipping empire could soon be heading for public listings. TUI extends CP offer deadline German tourism and shipping group gives regulators more time to review $2bn takeover deal.

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OCTOBER 10, 2005
TUI forced to extend deadline for CP Ships offer DHS to seek private sector input for maritime security plan MSC adds Hamburg, drops Norfolk from transatlantic loop Senator Lines to join new Asia/Mediterranean service OSG to charter four product carriers Boeing starts testing program for converted 747 freighters Castelveter to join Air Transport Association L.A. intermodal gateway already a community target CBP to sponsor countries to implement WCO security plan SATO says it can make RFID tags for 14.9 cents RILA names Best Buy's Anderson to chairman Costco chooses Averitt for Texas logistics Southeast Warehouse Association selects president Mineta praises PierPass, encourages maritime infrastructure funding Report says container fees won't hurt shipping Panama Canal Authority, Port of Tampa sign strategic pact NASSCO names Harris president

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OCTOBER 10, 2005
Stena Bulk and Sovcomflot launches ice tanker pool The co-operation between the Swedish tanker owner and operator Stena Bulk and the Russian state-owned shipping company Sovcomflot ... Smyril Line and Fjord Line have not agreed Future cooperation between Faeroe Isle-based Smyril Line and Fjord Line in Bergen hangs in the balance this week as ... Svithoid to launch Baltic Tankers Stockholm-based Svithoid Tankers has together with a number of investors launched a new company, Baltic Tankers. The company will ...

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OCTOBER 10, 2005
Petrobras announces new bunker managers New York barge rate increase, fuel prices to blame Major supplier Chemoil announces higher barge rates as operator passes on fuel costs. Rotterdam firm amid congestion Port strike U-turn threatens European refineries Ongoing industrial action could lead to the closure of South European pipeline, which feeds refineries in France, Switzerland and Germany. Bunker prices replace infrastructure as top problem Shippers exporting to the US say bunker prices have replaced inadequate infrastructure and congestion as biggest concern. Egypt: New $1 billion oil refinery by 2009 Egypt will soon welcome a $1 billion new oil refinery by 2009, with output capacity of 130,000 bpd. Oil prices: Little change as US restores output The rise in US imports and the gradual restoration of oil production in the Gulf of Mexico led to little change in crude oil prices.