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Shipping News

Flag selling a loophole for pirates, illegal fishing
THE practice of countries 'selling their flags' to ship owners from other nations is providing a cloak for illegal fishing operations, human rights abuse and possibly billions of dollars in unregulated fishing, according to a report published on Wednesday.
Neptune, 11 other lines expect costs to rise 7%
NEPTUNE Orient Lines and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the US in 2006 will rise 7 per cent on higher fuel prices, which may spur them to raise freight rates.
Toll's promises inadequate: Aussie competition body
AUSTRALIA's anti-trust watchdog has raised concerns about Toll Holdings Ltd's hostile A$4.5 billion bid for Patrick Corp Ltd, saying Toll's promises to preserve competition were inadequate.
TUI Q3 profit up 6.3%

Admiralty Casebook

Court sets aside injunction against ITF
THE Court of Appeal in England last week set aside an injunction granted recently to restrain the International Transport Workers Federation from taking industrial action to prevent the re-flagging of a vessel belonging to Finland's Viking Line.

Port Shots

PORT SHOTS
SHIPPING Corp of India Ltd, the country's biggest shipping company, said profit fell 29 per cent in the second quarter.

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Shipping News

Flag selling a loophole for pirates, illegal fishing
THE practice of countries 'selling their flags' to ship owners from other nations is providing a cloak for illegal fishing operations, human rights abuse and possibly billions of dollars in unregulated fishing, according to a report published on Wednesday.
Neptune, 11 other lines expect costs to rise 7%
NEPTUNE Orient Lines and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the US in 2006 will rise 7 per cent on higher fuel prices, which may spur them to raise freight rates.
Toll's promises inadequate: Aussie competition body
AUSTRALIA's anti-trust watchdog has raised concerns about Toll Holdings Ltd's hostile A$4.5 billion bid for Patrick Corp Ltd, saying Toll's promises to preserve competition were inadequate.
TUI Q3 profit up 6.3%

Admiralty Casebook

Court sets aside injunction against ITF
THE Court of Appeal in England last week set aside an injunction granted recently to restrain the International Transport Workers Federation from taking industrial action to prevent the re-flagging of a vessel belonging to Finland's Viking Line.

Port Shots

PORT SHOTS
SHIPPING Corp of India Ltd, the country's biggest shipping company, said profit fell 29 per cent in the second quarter.

web site

Shipping News

Flag selling a loophole for pirates, illegal fishing
THE practice of countries 'selling their flags' to ship owners from other nations is providing a cloak for illegal fishing operations, human rights abuse and possibly billions of dollars in unregulated fishing, according to a report published on Wednesday.
Neptune, 11 other lines expect costs to rise 7%
NEPTUNE Orient Lines and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the US in 2006 will rise 7 per cent on higher fuel prices, which may spur them to raise freight rates.
Toll's promises inadequate: Aussie competition body
AUSTRALIA's anti-trust watchdog has raised concerns about Toll Holdings Ltd's hostile A$4.5 billion bid for Patrick Corp Ltd, saying Toll's promises to preserve competition were inadequate.
TUI Q3 profit up 6.3%

Admiralty Casebook

Court sets aside injunction against ITF
THE Court of Appeal in England last week set aside an injunction granted recently to restrain the International Transport Workers Federation from taking industrial action to prevent the re-flagging of a vessel belonging to Finland's Viking Line.

Port Shots

PORT SHOTS
SHIPPING Corp of India Ltd, the country's biggest shipping company, said profit fell 29 per cent in the second quarter.

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Yantian port expansion project gets green light Zim opens own office in HK Hamburg Sud introduces shipment tracking by email Hamburg to take measures to ward off congestion: Hamburg chairman ELAA backs Global Insight report to DG Comp. Michael Behrendt named chairman of CP Ships Air Canada orders 96 Boeing planes Airbus and AVIC I extend wing box co-operation Cargo Counts launches on GF-X

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WTSA to fine shippers who fail to properly secure boxes to India Supertankers earning $ 100,000 a day! Tonnage tax paying dividends-Baalu Michael Behrendt appointed Chairman of CP Ships Board CMA CGM upgrades Asia-Med service Congestion in W. Africa ports pushes up surcharges Top Asian shipping lines see freight rates falling in 2006 China Shipping Q3 profits up by 18 pc P&O sells cold logistics business Greenlog Network established to serve Scandinavian shipper community Depreciating euro sends exporters scurrying to invoice in dollars again TAMP okays IGTPL's proposals to hike port-related charges at RGCT Dismantling of TAMP ruled out ABG Shipyard's IPO to open on Nov. 18 Hamburg Süd expands 'Track & Trace' service Govt may liberalise FDI norms for airports, power trading Cabinet okays tabling of bill to regulate goods transport business CII's 'Logistics 2005' proves to be grand success Pepper exporters demand immediate refund of VAT World class mega chemical complex will come up in Vizag-AP CM EU retains dumping duty on steel ropes from India

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NOVEMBER 10, 2005
Somali pirates hijack another ship Greek owners set to pounce as markets soften "Continued growth likely in deepwater sector" GL buys software company "K" Line Europe takes on LNG ship

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NOVEMBER 10, 2005
Mitsubishi diesel license for Vietnamese shipbuilder Australian Senate probes naval shipbuilding prospects Bad news for liner conferences

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NOVEMBER 10, 2005
Dredges heading upriver to continue Columbia deepening TSA member carriers predict seven percent jump in costs Portland Port Commission gives nod to IKEA lease Port of Tacoma works deal for Weyehaeuser's Blair property Port Angeles port board Oks pair of budget resolutions

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How the Holyhead and Pequot came together INVESTIGATIONS into a collision involving AP Møller-Maersk Group's LPG carrier Maersk Holyhead have yet to reveal the causes of the accident, although remarkable photographs taken from the bridge of the bulker Pequot may shed some light on last Sunday's events. IMO to be exiled to Victoria as Albert Embankment gets upgrade THE International Maritime Organization will be forced temporarily to leave its headquarters in London's Albert Embankment next year, as the building undergoes the first of two £25m ($43.6m) refits. Inspectors 'turn blind eye' to substandard ships in Europe OVERWORKED port state control officials in Europe are turning a blind eye to a section of the operational fleet known to be substandard, a leading tanker manager has alleged. Brussels report gives backing to liner trade associations TRADE associations and some of the other ideas put forward by container lines as an alternative to the existing conference system should be considered, a report commissioned by the European Commission concludes. GO Carriers flirts with bulk Global Oceanic Carriers, the only pure shipping company listed on a London stock market, looks set to expand its fleet of bulk carriers. Your chance to have a voice in celebrating the industry's best NOMINATIONS have now opened for the Lloyd's List Awards 2006, a gala evening to celebrate the brightest and best of the global shipping industry. Lloyd's List online gets ABCE approval WOULD YOU drive a car without an MOT? Fix a ship without an ISM certificate? Enter the US without ISPS compliance?

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NOVEMBER 10, 2005
Exmar in Indian gas agreement GAIL India, the gas transmission and marketing company, has signed a co-operation agreement with Belgian carrier Exmar to import gas into India Indian seafarers threaten strike INDIAN seafarers will strike for one day later this month over government inaction to restore pension fund reserves, and warned of an indefinite strike starting next month Trans-Pacific box cost hike ahead COSTS for carrying boxes from Asia to the USWC are expected to increase by 7% next year, warns the Transpacific Stabilization Agreement carrier discussion group Seaspan revels in 3Q progress SEASPAN revelled this morning in its 3Q report, which included its 12 August IPO and $5.1M in net earnings based on $11.4M in revenues Torm raises full-year expectations Asean spills co-operation needed Sherwood hit by 'perfect storm' Major blow for Irish Sea creditors Sri Lanka tax boost in 2006 budget US energy law no 'silver bullet' Coal challenge to US LNG imports Sea Containers' hotels up for sale Bodies recovered from cargo ship K Line first half profit declines

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NOVEMBER 10, 2005
TSA: Shipping costs to rise 7% in '06 Carriers based the projection on an expected 25% jump in inland transportation costs and an 11% rise in the cost of repositioning empty containers. ILA strengthens ethics procedures EU trumpets report's findings on liner competition Profit up at MOL, down at "K" Line NYK, MOL join group to build China auto port Deutsche Post profit surges Test of Agile Port project shows promise in Tacoma Dennis Mottola joins BM Shipping EU accused of holding trade talks hostage Trade gap soars to record China's trade surplus grows to $12 billion Maersk-P&O Nedlloyd to upgrade Europe-Morocco service Indian port to hike container-handling charges

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NOVEMBER 10, 2005
APMT Rotterdam set to impose truck appointment system APM Terminals Rotterdam is preparing for the introduction of a truck appointment system in the 1st quarter of 2006. Carriers shake up transatlantic calm in 2006 At least three carriers are understood to be planning new services on the transatlantic that could undermine the higher rates that carriers have enjoyed over the last year. Cochin port users warn against big rises in terminal charges Australia's ICS problems to linger longer Patrick loses skirmish in battle with Toll Sino-US textile deal may benefit low-cost SE Asian countries Trade liberalisation to see more ships deployed on Korea/China routes

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NOVEMBER 10, 2005
TBS through 'challenging' period US bulker operator fails to deliver consecutive profit growth in its second quarter since listing. Tokyo Star rises Japanese bank to target ship finance after undergoing US-led facelift. Jaya jacks up profits Offshore shipping fills the gap left by reduced shipping fleet. New tanker for US Shipping US owner adds another Jones Act ship as profits rise in first nine months. Iino doubles its money Japanese owner grows revenues and profits in first half of financial year. Viking in Rosella talks Finnish ferry operator seeks agreement with union while mulling House of Lords appeal. Noble earnings slip Shipping downturn eats into profits at Hong Kong owner and commodities trader. Hapag-Lloyd on the rise Fresh from completing CP Ships takeover, German box line posts bigger nine-month profit. Algoma firing on most cylinders Strong contributions from most segments help lift profits at Canadian tanker and bulker player. MOL finds right mix Combination of bulkers and boxships raises results for Japanese giant in first half. Shinwa falls back After strong first quarter Japanese tanker and bulker owner sees weaker second quarter performance. Owners deny Somalia a war zone British shipowners turn down union request to treat area as war-risk and let seafarers sign off. Taiheiyo books bulker Japanese owner orders capesize newbuilding on back of charter to major shareholder NYK. More big losses for Sea Containers Remaining shares in Orient Express put on sales block as deficit reaches $60m for the year. Coaster goes aground Forty metre vessel manages to refloat itself after going aground in Scotland's Sound of Mull. K Line cuts back Earnings forecast chopped after fuel prices hit profit in second quarter. Torm storms to profit Rates for Danish owner's products tankers boosted by catastrophic US hurricane season. Daiichi outlook weaker Interim result slides at Japanese tanker and bulker owner, leaving it pessimistic about matching 2004's full-year figure. CCHC sees big growth Double-digit increases in revenue and volumes reported at state-owned China COSCO Holdings Co. Inui results deteriorate Japanese handysize bulker specialist sees a second consecutive quarter of falling net profits.

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NOVEMBER 10, 2005
Mixed fortunes for Japanese carriers TSA carriers predict operating costs hike will top 7% Hapag-Lloyd's 3rd-quarter profits up 2.3% COSCO's 3rd quarter cargo rises 19.3% Trailer Bridge's profits up 37.4% in 3rd quarter Grain shipper voices concern about Jones Act in hurricane aftermath Behrendt named to head CP Ships board A.P. Moller-Maersk oil subsidiary gets O.K. for Kerr-McGee purchase "K" Line (Europe) to open regional offices in Turkey, Russia Airforwarders Association taps Fried as executive director Cathay's October cargo up 14.8% University studies MagLev system shipping U.S. reminds UN Cuban trade embargo is "bilateral issue" Federal jury acquits two ILA officials in criminal case Waterways group lauds congressional action on appropriations Port of Tacoma settles with Weyerhauser Panama Canal Authority outlines environmental program Port of Felixstowe receives cranes from China

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NOVEMBER 10, 2005
Norwegian budget proposal met by mixed shipping reactions Norwegian seafarers can take a breather. The new Stoltenberg-led red-green government proposes in its first state budget that ... DFDS ro-pax on Norway route The DFDS ro-pax "Duchess of Scandinavia" has arrived at Fredericia Skibsv'rft to get new colours and to be renamed ... Norse Merchant Ferries purchase finalised Norfolkline in the A.P. Møller-Mærsk Group have now finalised the purchase of the Norse Merchant Group. The deal adds ...

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NOVEMBER 10, 2005
Los Angeles prices finally fall below $300 Bunker prices softening in line with markets elsewhere, Houston still the cheapest US bunkering port. Oil company profits under Senate scrutiny Five oil executives appearing before Senate hearing with windfall profit legislation proposed as a remedy for excess profits. Bunker prices mar K-line forecasts, MOL fares better 45% fuel cost rise adds $88 million to Q2 costs for Japanese owner. Western fuel oil arrivals into Asia on the up Western cargo arrivals into Asia seen rising on anticipated strong bunker demand. Rotterdam holds steady early Thursday Crude at 15-week low on US supply swell Bigger-than-expected builds in US stocks of crude and gasoline has pushed crude futures down as market sees no shortage of oil. Curaçao: Talks ongoing for bunker only rebate Curoil confident of sales rebound despite ongoing talks. Singapore: Build in distillates, drop in residual fuel DOE & API at a glance: This week's US inventory figures Players raise concerns over impact of IMO 4.5% cap Conference delegates told impact of MARPOL Annex VI negligible. MPA hints at review of bunker regulations During a meeting about CP60 issues, the MPA appears to have taken the concerns of Singapore's 75 licensed bunker suppliers to heart.