BRIEFS

web site

Shipping News

Asia freight rates regain strength on China demand
SHIPPING rates in Asia have regained strength this week, shrugging off a bearish mood seen late last year amid hopes that demand from China will pick up ahead of the Chinese New Year in February.
Shipping derivatives growth to slow, brokers say
THE shipping-derivatives market will probably expand by 20 per cent this year, the Forward Freight Agreement Brokers' Association said.
Shipyards may raise prices 10% in Jan: broker
Hyundai Heavy Industries Co, Daewoo Shipbuilding and Marine Engineering Co and other shipbuilders may raise prices 10 per cent this month, Oslo-based shipbroker Fearnleys AS said in a market report.
Aker Yards set to win 1.2b euro order
India's Petronet adds 3 ships to meet LNG demand

Port Shots

PORT SHOTS
NIPPON Yusen KK, Japan's largest shipping company, and Denmark's J Lauritzen A/S plan to create a joint venture to operate ships carrying refrigerated cargo.

web site

Shipping News

Asia freight rates regain strength on China demand
SHIPPING rates in Asia have regained strength this week, shrugging off a bearish mood seen late last year amid hopes that demand from China will pick up ahead of the Chinese New Year in February.
Shipping derivatives growth to slow, brokers say
THE shipping-derivatives market will probably expand by 20 per cent this year, the Forward Freight Agreement Brokers' Association said.
Shipyards may raise prices 10% in Jan: broker
Hyundai Heavy Industries Co, Daewoo Shipbuilding and Marine Engineering Co and other shipbuilders may raise prices 10 per cent this month, Oslo-based shipbroker Fearnleys AS said in a market report.
Aker Yards set to win 1.2b euro order
India's Petronet adds 3 ships to meet LNG demand

Port Shots

PORT SHOTS
NIPPON Yusen KK, Japan's largest shipping company, and Denmark's J Lauritzen A/S plan to create a joint venture to operate ships carrying refrigerated cargo.

	web site

PSA handles record 33m containers in 2004 Indian Ocean earthquake reshapes shipping channels Tacoma names new commission president Port congestion hampers truckers', haulage firms' earnings APL vessel makes first Balboa pier call Cathay December freight transport increases UPS orders 10 Airbus A380 Freighters Kitty Hawk Aircargo signs up AvAero

	web site

Assocham moots steps to prune exporters' transaction costs It's boom time for smaller shipyards Big houses plan to hive off shipping arm to avail of tonnage tax option LNG imports allowed only by shipping consortium having Indian partners SRTEPC upbeat on export prospects Ciae:Apparel exporters start 2005 with a BANG! India, Italy agree to step up bilateral trade flows DTA units converting to EOUs eligible for tax sops under Sec. 10B Fieo (WR) formulates plan of action against I-T Dept's 'tactics' Key to solving Indo-Pak issues lies in trade'Kamal Nath FAITMA signs MoU for German technology Exports well on course to meet 16 pc growth target for 2004-05 73-member trade team in Uzbekistan Finance Minister hears out industrialists' Budget needs Customs duty cuts in Budget hinted at Commerce Ministry to seek removal of export cess on coffee Export procedure for textiles streamlined Stamp duty to be waived: Land for metro airports Draft policy sees scope to double processed food production, exports PHDCCI wants tax holiday extended to agro-processing units Govt may import more sugar to curb prices Foreign Trade Analysis: Current Policy & Procedures - By M. Sreedharan PSUs donate Rs 1.05 cr. to relief fund

	web site
JANUARY 12, 2005
Shell Marine Products expands operations in US Gulf SMP announce new operation offering intermediate fuel oil and marine gasoil in US Gulf port of Mobile - as major continues its focus on core regions. Red Sea gas oil makes sharp upward correction Stalled cargo loadings and bad weather disrupt Fujairah supply Sources in Fujairah have said that delays to cargo arrivals and bad weather are placing extra pressure on an already tight market. Total Marine Fuels resumes operations in Dakar Total Marine Fuels resumes operations in Dakar, Senegal after an absence of approximately two years. Rotterdam market firm Singapore: MPA keeping close watch on cargo arrivals The Maritime and Port authority of Singapore has said it is keeping a close watch on recent fuel oil arrivals after high sodium levels were found in some fuels. Titan in final talks over China's biggest storage facility Titan in final talks with state run oil giants to build China's biggest fuel storage facility at a cost of two to three billion yuan. Freight rates up, dollar down, predicts shipping consultant The shipping accountant and consultant Moore Stephens foresees more of the same for buoyant shipping sector in 2005. Italian tanker owner fined for dumping bunker fuel Court rules against owner, despite claims that Mediterranean spill was vegetable oil and not bunker fuel.

	web site
JANUARY 12, 2005
Port of Le Havre: new English website Trucks return to US highway 119 In eastern Kentucky DHL strengthens infrastructure in Japan Railion and Seehafen Kiel sign closer cooperation pact EuroAirport on the rise again Le Havre to assist victims of tsunami disaster High-level reshuffle at Dachser

	web site
JANUARY 12, 2005
Malacca Strait pirates still lying low Camillo Eitzen takes control of TESMA Carriers to pay for N Carolina box check moves UK club tells owners to look at manning levels Two capesize ships join "K" Line fleet Nor-Shipping aims to offer more this year Sean Day to be CMA commodore

	web site
JANUARY 12, 2005
Maritime organizations coordinate tsunami response Bollinger Gulf Repair adds dry dock $586 million Navy contract for NASSCO

	web site
JANUARY 12, 2005
Seattle Port Commission taps Edwards as president Port of Port Angeles unveils updated web site Port of Seattle expands international marketing staff WPPA communications manager takes post with advertising agency Big Sky to begin flights from Portland to Moses Lake

	web site

Norden chief Krabbe dies at 62 Steen Krabbe (left), president and chief executive of Danish bulk shipping group Norden, died yesterday after being ill for many months, writes Tony Gray . Lloyd's Register denies overcharging UN in Iraq oil-for-food programme LLOYD'S Register has hit back at claims that it may have overcharged the United Nations during the Iraq oil-for-food programme in the 1990s. Bonner warns of Trojan box threat "THE container is the potential Trojan horse of the 21st century," capable of delivering terrorists or weapons of mass destruction into the heart of the United States via the maritime transport system. Japan urges Malacca Strait safety JAPAN wants Indonesia, Malaysia and Singapore to take more action to secure shipping in the Malacca Strait against the dual threat of piracy and terrorism. Angelicoussis in swoop for VLCCs JOHN Angelicoussis has swooped for a pair of ChevronTexaco-chartered very large crude carriers, underlining his group's continuing appetite for modern supertankers.

	web site
JANUARY 12, 2005
Chinese import figures released THE extent of China's growing appetite for imports has been revealed in the latest statistics from the country's General Administration of Customs Brazilian car exports booming AUTOMOBILE production in Brazil grew 20% in 2004 which in turn led to an increase in exports of 52%, according to the Brazilian Auto industry Association Storms sever LA rail service UNION Pacific has embargoed rail service moving inland from Los Angeles/Long Beach in the wake of storm-related track damage ' and a port backlog is expected New York prosecutor sues CATS NEW York's notoriously aggressive attorney general, Eliot Spitzer, is suing embattled fast-ferry operator Canadian American Transportation Systems for fraud Aurora cruises the English Channel What to do with a drunken master? Spoornet resignation hits ports Fishing crew await tanker arrival Severe weather hits Scottish ferries Japan urges Malacca vigilance Regulator to control freight levels CMA CGM upgrades Lomé French fine 'sunflower' polluter Venezuela-Panama talks in pipeline

	web site
JANUARY 12, 2005
Union Pacific limits key rail lines Heavy rains and flooding in Southern California and in Nevada have washed out rail routes serving the LA-Long Beach port complex. Intermodal has to work smarter: Exec Despite strains, there should be enough capacity if truck and rail carriers manage their assets wisely, trucking executive says. Record U.S. trade deficit UPS expects lower Q4 results Box growth to continue at Vancouver Airbus expects state aid for new jet Approval for KCS Nafta rail sale Business Roundtable outlines trade policy goals GT Nexus managing ocean freight procurement MISC says no plans to sell box fleet CMA CGM to build W. Africa box terminal NYK signs for Web trading

	web site
JANUARY 12, 2005
Storms force LA rail closures Union Pacific Railroad (UP), faced with severely damaged tracks from record rainstorms, declared an embargo yesterday on all freight traffic transiting Los Angeles and Long Beach ports. Can the S&P market stem the charter tide? Export outlets for US goods being choked off by rate imbalances, say Portland CIMC to launch wireless cargo security system with GE MISC denies sale of boxship division Trans-Siberian blockage 'affecting movement' HK landing point for cross-border bridge chosen Protect exporters from high rates says Chamber of Commerce Multi-Link Terminals aim for Baltic consolidation Korea increases budget for port development China becomes Taiwan's No. 1 export market Korean ports grow 9.5% in 2004

	web site
JANUARY 12, 2005
Steen Krabbe is dead The head of Danish bulker owner Norden died today after a long illness. Cargoship refused entry Panamanian freighter barred from US port after master refuses breath test. Local hero Teekay chairman, and Connecticut pioneer, crowned 2005 Commodore. ShipServ signs up 75 NYK's management arm is going with Paul Ostergaard's ShipServ for supply transactions. CSC slips Azeri owner Caspian Shipping's overall cargo volumes fall in 2004, but oil transport on the up. Multi-Link secures $90m loan New shipowner-backed port operator will use money to expand Baltic terminals. Hong Kong holds six Wan Hai, Evergreen and Columbus ships among December detainees. Nepline buys lab Malaysian owner to develop palm oil extraction business with new acquisition. Inchcape ventures into Italy Shipping agency teams with Tositti & Partners for more Med business. Shipping keeps giving Yang Ming ups its contribution to tsunami relief effort as more shipping lines chip in funds. Eitzen unifies shipmanagement Norwegian owner buys out former partner Tschudi's stake in manager TESMA, possibly adding another 35 ships to its fleet. VLCC values on the up Modern tankers fetch higher prices despite collapse in spot market rates, as Kyklades sells to Angelicoussis. Seven vie for Georgian owner Georgia's prime minister reveals top bid is $117m for Ocean Shipping Co's tankers. ACM calls for tsunami support Bereaved director Simon Clough returning to work to help boost support for donation day. Excel gets Goldmar Gabriel Panayotides' US-listed bulker arm takes possession of latest addition to its dry cargo fleet.

	web site
JANUARY 12, 2005
Carriers question findings, evidence behind EC conference proposal Crowley liner, logistics executives switch roles APL, MOL starts Balboa/West Coast South America feeder MarAd approves transfer of 6 U.S.-flag barges Ftd Shipping joins Hispaniola discussion agreement Maersk charters Trinidad/Florida slots from Crowley Samskip opens Ukraine office Management Dynamics acquires BridgePoint U.S., EU begin settlement talks on aircraft subsidies UPS hits the skids in week 52 LAN Airlines scores December cargo increase World goes self-insurance route Interpool re-joins NYSE BNSF promote operations staff FMC reviews 12 OTI applications, revokes 6 licenses Bush names former Justice Dept. lawyer to head DHS China's exports balloon to $593 billion in 2004 EU considers trade assistance to relieve tsunami-affected countries Canada confirms third cow infected with BSE ITC terminates study on CAFTA's economic effects U.S. border agency publishes results of 2004 activity NYK (Singapore) picks e-commerce procurement system Panalpina appoints senior executives in North America Census proposes rough diamond certificate number to be filed in AES Bollinger receives dry dock at New Orleans repair yard Port of Seattle elects Edwards as president

	web site
JANUARY 12, 2005
Norwegian owners reluctant to order Norwegian owners ordered on 90 newbuildings totalling 2.9 million DWT last year. The orders are worth between NOK 19.0 and ...