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Shipping News

PSA's Antwerp gears up to cope with peak traffic
PSA International which has gradually been building up capacity at its Antwerp terminals, may be one of a few in Europe able to cope with the peak season cargo traffic heading for European and North American ports.
Quality open registers are a 'necessity': Liberian Registry
THE head of the US-based managers of the Liberian Registry, has hit out at national flag administrations, saying that most - if not all - are incapable of understanding the needs of shipowners.
Cruise demand set to exceed supply
THE cruise industry has recovered from the '9/11' effect to the extent that 11 additional large cruise ships need to be ordered for delivery by 2010 to meet expected demand.
Asian shipbuilders to gain from falling steel prices

Port Shots

Angry truckers jam Sydney bridge
TRAFFIC over the iconic Sydney Harbour Bridge was brought to a crawl on Sunday by more than 600 truck drivers protesting government plans to reform work relations.

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Shipping News

PSA's Antwerp gears up to cope with peak traffic
PSA International which has gradually been building up capacity at its Antwerp terminals, may be one of a few in Europe able to cope with the peak season cargo traffic heading for European and North American ports.
Quality open registers are a 'necessity': Liberian Registry
THE head of the US-based managers of the Liberian Registry, has hit out at national flag administrations, saying that most - if not all - are incapable of understanding the needs of shipowners.
Cruise demand set to exceed supply
THE cruise industry has recovered from the '9/11' effect to the extent that 11 additional large cruise ships need to be ordered for delivery by 2010 to meet expected demand.
Asian shipbuilders to gain from falling steel prices

Port Shots

Angry truckers jam Sydney bridge
TRAFFIC over the iconic Sydney Harbour Bridge was brought to a crawl on Sunday by more than 600 truck drivers protesting government plans to reform work relations.

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China Cosco Holdings commences public offer in HK MCC to start weekly service to Haldia "K" Line upgrades Guangzhou, Xiamen offices MOL restructures steel product operation Schenker provides logistics support for the Confederations Cup LA Harbour Commission adopts US$693 million 2005-06 budget Korean Air to expand codeshare with Japan Airlines Jiangxi airport construction begins BA invests GBP15 million in new premium facility at Heathrow airport Frankfurt airfreight traffic up in May Continental names Mike Bonds senior vice president

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Burgeoning tonnage space, China slowdown pull down freight rates Proposal to sell CIWTC rejected Patel Engg Works celebrates 25th year of services to maritime industry SCI Board clears 3 major proposals GE Shipping delivers VLCC Hanjin launches new Asia-Europe services PSS to be imposed on shipments bound for West Africa New EMA service by September Major Brazilian order for 13 Kalmar reachstackers ECU-Line offers services to Valparasio & Arica India seeks wider support for non-farm market access talks at WTO US, Canada account for 61 pc of IT exports in 2004-05 Foreign players' entry poses little threat to DCI for now Financial closure of Krishnapatnam, Gangavaram port projects by July-end JNPT expecting CCEA clearance on channel dredging 'any day now' IOC mulling option on developing LPG terminal at Chennai Port Gujarat goes hi-tech to safeguard non-Major Ports from nature's fury Forex reserves down by $ 1,168 million to $ 1,38,661 million Exporters seek changes in 'Target Plus' scheme Spare exporters from VAT, urges Assocham Areas in N-E states identified for bilateral trade Adani Group bags Rs 800-cr. contract to build bulk wheat silos Corporate India upbeat on growth in H1-CII survey Spices exporters' body hails DGFT order Govt to set up Land Port Authority to run customs stations IMC, Korean body sign cooperation pact 'UAE in India' expo in Mumbai from Dec. 7-10

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CNF names new executives Negotiations between CMQ CGM and Bolloré Group Virgin Nigeria: maiden flight on 28 June Ryder wins contract with New York Post Sale of Karstadt Quelle warehousing operation to Deutsche Post approved

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JUNE 20, 2005
Camillo Eitzen sells KS stake Wilh Wilhelmsen buying Unitor for US$218m Bergesen to re-list as gas carrier company MOL rejigs steel products services PWC get US military heavy-lift contract

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JUNE 20, 2005
MAN B&W and CSIC deepen their Fredriksen expands offshore rig involvement Wilh. Wilhelmsen to acquire Unitor MaK power for BC Ferries

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JUNE 20, 2005
Customs completes ACE rollout at western Washington facilities APL celebrates launch of newest container vessel Air Canada kills order for new Boeing airplanes Coast Guard changing command at North Bend, Oregon station Washington State Ferries won't convert Friday Harbor slip

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Wilh Wilhelmsen signals services ambition with $216m Unitor buy NORWAY'S Wilh Wilhelmsen yesterday signalled major ambitions for its new-look maritime services business with a NKr1.4bn ($216m) swoop to take control of Norwegian marine equipment group Unitor. Singapore plans freight clearing house THE Singapore Exchange has confirmed plans to develop a clearing house for freight and energy derivatives as the country looks to capture more of the growing Asian market. ThyssenKrupp cool on DCN link THYSSENKRUPP, the German steel and engineering group that controls the country's biggest shipyard group, has firmly rebutted any attempts by French state-owned group DCN for a merger. Balancing act as Hamburg cranes arrive AFTER an eight-week sea journey from Shanghai, five towering container cranes finally arrived at the Eurogate container terminal CTH in Hamburg. Port-Net voices fear over EU directive HIGHER port dues, more expensive port services, lower investments and, in the long run, a monopolistic dominance by non- European companies could be the consequences of the EU's revised access to port services directive, according to the members of the new European networking initiative Port-Net.

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JUNE 20, 2005
WCO urged to adopt CSI, C-TPAT CUSTOMS officials from across the world who are meeting this week in Brussels are being urged to adopt a framework of standards that largely mirrors the scheme now in place at US ports Yangshan to open ahead of schedule THE Yangshan Deepwater Port in Shanghai, China is likely to open this autumn, two months ahead of schedule Singapore to boost freight clearing THE Singapore Exchange (SGX) plans to introduce an over-the-counter clearing facility that will initially cover energy derivatives and forward freight agreements (FFA) US port budget increase agreed A US Senate panel has approved $5.29Bn for dredging and harbour projects, reversing proposed White House budget cuts Macquarie snaps up Wightlink WIGHTLINK Ferries, which operates between the south coast of England and Isle of Wight, has been bought out by a European investment fund Ballast battle underway A MOTION has been filed to prevent a US court stripping the Environmental Protection Agency of its authority to exempt certain vessel discharges from the Clean Water Act Mid-size boxship market healthy Mixed export forecast for Australia China Cosco launches retail IPO Wilhelmsen buys Unitor Brothers agree Reliance split South Korea targets transhipment Israel to build sub-sea barrier Pirates release hostages

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JUNE 20, 2005
Charter rates, new ship prices falter Despite ongoing demand running ahead of capacity, more signs that three-year rally in box shipping is levelling off. Moller-Maersk buys P&O stake No jam at LA-Long Beach STB wants RR peak plans Savannah gets largest cranes Lorenz promoted at Hamburg Multinationals urge tax overhaul Intermodal only rail gain RailRunner gets FRA approval JoC offers PierPass teleconference

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JUNE 20, 2005
Cosco chairman confident ahead HK IPO Cosco chairman Wei Jiafu said on Sunday that demand in the shipping industry would continue to outstrip supply in the next few years, despite a significant increase in shipping capacity. Illegal China to HK textile shipments expected to rise PSA aims to reinvent Singapore hub in Western Europe Shippers object to Klang documentation charge Korea aims to draw transhipment boxes from China Hauliers want empty container demurrage ICF doubles loss in 2004, plans more cut-backs Fesco to shift Hyundai car parts to Ulsan service January opening for Klaipeda's third container terminal Sakhalin power-cuts strand containers Regional Container Lines stresses European buyout rumours untrue Geest North Sea Line ups capacity on Rotterdam-UK routes Schneider Logistics to buy American Port Services

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JUNE 20, 2005
Cheaper by the dozen Konig & Cie tacks another four boxships onto its order at Aker Ostsee. Eagle will swoop US-based bulker owner set to price IPO Tuesday, but could have trouble making $16-to-$18 target price range. CMA CGM aims at Africa French shipping group in exclusive talks to buy Delmas liner operation for up to $600m. Bluewater to list Norwegian marine underwriter sets course for an Oslo flotation. Maersk boosts Odense order Owner's in-house builder set to knock up six more post-pananax boxships. SeaDrill moves on rivals John Fredricksen has plans to move upstream to consolidate the rig business. Freeseas picks up a third Gourdomichalis brothers add 1982-bulker to reverse-IPO company. Wilh Wilh swallows Unitor Owner hopes purchase of equipment provider will turn its ship service unit into world leader. Pac Basin snaps up resale Hong Kong handysize bulker player pays $27.8m for ship due for delivery in first half of 2007. Shinwa inks second tanker Repeat deal as Japanese owner orders 19,900-dwt ship against ten-year charter from Saudi Arabia's ISTC. Chong grabs more Vita shares Links Island Holdings founder gobbles up more stock in Singapore owner and property group.

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JUNE 20, 2005
COSCO to invest $545 million from IPO proceeds Maersk buys another 5% of P&O Nedlloyd CMA CGM, Bollore set end of July for conclusion of takeover talks Delphis starts Antwerp/Bilbao link Wilh. Wilhelmsen to buy Unitor group EU shipowners name Simonsson president Air Canada reverses course on $6 billion Boeing order Lufthansa Cargo pays $18,000 civil penalty for U.S. export violations Yellow Roadway invests in Chinese forwarder Schneider Logistics acquires port trucking, transload operator GAO: Commerce's hands tied in applying CVD to China Rhode Island shipper settles U.S. antiboycott charges Zethcon, Blue Sky software companies cooperate Hamburg names Lorenz deputy chairman

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JUNE 20, 2005
DFDS in media circus after a TV documentary DFDS Seaways is in stormy waters after a TV documentary Sunday night, showing a number of crew members on the ... Lennart Simonsson new head for Europe's shipowners Lennart Simonsson, CEO of Swedish tanker operator Brostr'm, has been appointed chairman of the European Community Shipowners' Association. ECSA is ... Wilh. Wilhelmsen buys Unitor Wilh. Wilhelmsen buys 90.4 per cet of the shares in ship service company Unitor from Umoe Industrier, the State Pension ...

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JUNE 20, 2005
US markets bullish as crude continues to soar Bunker prices firming in the US, but local factors still affecting markets. Reports: Sempra suspended from Singapore trading platform US cargo trader Sempra Energy has been suspended from the trading platform widely used to assess Singapore fuel oil cargo values - which also affects bunker prices in Singapore and Fujairah, reports claimed today. Crude record fails to translate into Asian bunkers Singapore clocks up only moderate gain in fuel oil values as limp Chinese imports, growing supply and falling shipping volumes into China hits the region's bunker market. PDVSA signs Chinese fuel oil supply deal PDVSA has signed a contract to sell China's largest oil company 30,000 barrels per day of fuel oil for a year. Japan: Ample bunker fuel but few takers A fuel oil glut forming in Japan has gradually pushed bunker prices down from early May. ARA on firm footing following crude gains Asian bunker prices set to rise with crude gains Traders said bunker fuel prices in major Asia ports - Singapore, Hong Kong, Japan and South Korea - are expected to increase by as much as $10 per metric tonne today following gains in crude oil prices. Crude prices touch new all-time high Crude oil prices closed at a new all-time high on Friday following concerns over fuel supplies and the closing of the US embassy in Nigeria.