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FedEx's Q2 profit rises 33%
FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage
THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal
STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.

Admiralty Casebook

Info on Newcastle port anchorage vague: ATSB
THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.

Port Shots

Port Shots
BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.

web site

Shipping News

FedEx's Q2 profit rises 33%
FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage
THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal
STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.

Admiralty Casebook

Info on Newcastle port anchorage vague: ATSB
THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.

Port Shots

Port Shots
BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.

web site

Shipping News

FedEx's Q2 profit rises 33%
FEDEX Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices.
Tanker rates to Asia fall on surplus tonnage
THE cost of shipping crude oil from the Persian Gulf to Asia on two million-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays.
Star Cruises in venture to build terminal
STAR Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said.

Admiralty Casebook

Info on Newcastle port anchorage vague: ATSB
THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau.

Port Shots

Port Shots
BP plc, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills.

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HK shipping firm to pay US$10.5m in pollution case P&O deal won't change Port of Auckland volumes up Access to Port of Miami restricted NY/NJ Port Authority wins award Hong Kong to reduce berthing fees next year ProLogis to develop facility for Adidas Dragonair sets new cargo record in November Boeing completes first freighter conversion for Cathay DHL signs agreement to help United Nations

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Wan Hai introduces higher capacity vessel in CMS service Asian shipowners oppose Indonesian curbs on terminal handling charges Freight rates in Asia projected to fall High Court directs govt to decide on seamen's provident fund issue in 4 weeks MoS forms panel to broaden scope of shipbuilding subsidy EC decides to ban liner shipping conferences Fieo urges state not to impose stamp duty on loan deals Coir exporters approach TAMP for tariff hike exemption at Cochin Port Delay in bringing in new scheme to replace DEPB worries SRTEPC India-China trade shoots up by 521 pc in 5 years-Assocham study ... sees good prospects for pharmaceutical exports Chennai Port Trust floats tender for water desalination plant Emirates SkyCargo's A310-300F services to Bangalore, Delhi Global engg giants set to make India & China sourcing hubs L&T bags Rs 1,300 cr. offshore project from ONGC

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DECEMBER 22, 2005
Royal award for Dutch Exel director APM Terminals to join Yangshan container terminal consortium BA serving Frankfurt/Main again Babcock & Brown taking over Crossrail New Gebrüder Weiss logistics terminal in Romania No foreigners on Russian inland waterways RFID system for real-time container tracking Regional Airports Conference in April 2006

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DECEMBER 22, 2005
Boeing sells Bellevue land to Schnitzer Northwest Maersk Sealand will partner with CP Ships on new service Portland Airport set for holiday passenger numbers On-board food service ending on WSF's Vashon/Southworth/Fauntleroy run NYK starting own agency serving Italian operations

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Why covering Santa's elf is deer to the hearts of insurers CALL it the Santa Clause - Lloyd's is ready to ensure that Santa has a happy Christmas. Navios and CMB clinch $1.3bn in cash to fund expansion plans TWO leading dry bulk specialists, Navios Maritime and Compagnie Maritime Belge, have secured new loans totalling almost $1.3bn for expansion as well as refinancing purposes. PD Ports slams Bathside decision BRITAIN'S piecemeal approach to port planning was criticised yesterday by UK port operator PD Ports, which expressed disappointment with the government for approving the Bathside Bay development before holding a policy review, writes Janet Porter. Feeder fleet for Tangier terminal THE consortium which has won the concession to operate the second of two new container terminals at the Moroccan port of Tangier is to set up a feeder fleet of at least six container vessels as part of the project, writes Andrew Spurrier in Paris.

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DECEMBER 22, 2005
Aker exec key to Russian investigation MIKKO Niini, a senior executive in charge of Russian negotiations for the Aker and Kv'rner shipyard group, has emerged as a key figure for Russian investigators looking into the recent newbuilding contract, worth an estimated $423M, which Sovcomflot CEO Sergei Frank signed with Samsung Heavy Industries Horizon re-aligns top team JONES Act container player Horizon Lines has announced a major restructuring of its management team and has hinted at expansion plans NCL cleared in wave case THE National Transportation Safety Board (NTSB) has cleared Norwegian Cruise Line of any wrongdoing in the 16 April deluge of the Norwegian Dawn by a 'rogue wave' Northlink subsidy twice sum budgeted SCOTLAND'S government has paid more than £71M ($123M) to subsidise the Northlink operation, more than twice the sum set when the tender was taken up in 2002 Hapag, CP merge Med/US Gulf services HAPAG-Lloyd will start to beneft from its integration with CP Ships in February when the two lines' West Mediterranean / US Gulf and East Coast services are merged Alcohol testing kits now required ALCOHOL testing kits will have to be kept on most commercial vessels operating in US waters so those aboard can be tested for alcohol use in the event of a serious incident Dover passes freight milestone Australia to bring in e-visas Greenpeace targets Japanese whaler New Orleans hails Seaboard decision US Congress kills Byrd Amendment

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DECEMBER 22, 2005
Seaboard to resume NOLA services Weekly port calls will return on Jan. 9, more than four months after the disruption caused by Hurricane Katrina. Oakland, Sacramento ports link up U.K. approves new box terminal near Harwich Grain exports drive Port of Portland Port of Miami access channel reopens DHL announces rate hikes EU clears Oracle to acquire Siebel China becomes net exporter of cars, trucks ICAT Logistics appoints 2 executives

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DECEMBER 22, 2005
Security ban lifted on China-related investment in Indian infrastructure China-related maritime and infrastructure majors will be allowed to invest in development of 'critical' infrastructure projects like terminals, following a direct intervention by the Indian Prime Minister. Indonesian shippers hail overseas carriers' adoption of new THC An ultimatum by Jakarta International Container Terminal ' for carriers to start paying the new THC by December 7, or be refused berth-access ' has proven effective, say Indonesian exporters and importers. Rotterdam continues to pay scanning bill for sea/sea transhipments Montreal sets new container record Treaties seal Scheldt pact Russian Railways drive ambitions at home and abroad CSCL receives early delivery of boxship from Dalian New Shipyard Foundations of Itapoa terminal laid FESCO opens Chinese agency

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DECEMBER 22, 2005
Bryggen keeps building Bergen-based owner acquires four newbuilding chemical tankers from CMB/Wah Kwong for delivery 2006-2007. Chri$tma$ at Genmar Or why Peter Georgiopoulos has 10 million more reasons not to mind a takeover by John Fredriksen. Frangou buys Frangou Navios buys four panamaxes off CEO's family, and signs new cheaper $650m loan to pay for expansion. Cave in Cavan Maritime, Wexford's 2005 IPO try in dry bulk sector, won't be around for another go in 2006. Emma Maersk McKinney Moller dies Wife of Danish shipowner was 92. GO going nowhere Global Oceanic Carriers has biggest fall on London stock exchange's AIM market. The turn of the Century Fincantieri wins $55m contract to give Celebrity cruiseship a makeover. Petronet wins court approval Long suffering shipowners tendering for LNG newbuilding wait for tomorrow's board decision on revised bids. Stromme merger approval Directors give go ahead for reverse takeover deal that makes Norwegian ship supplier part of the Camillo Eitzen group. Star bids to build HK terminal Shipowner to tender with local partners to construct port's second cruise facility. CMB loads up with new loan Belgian dry cargo owner builds warchest, as Saverys brothers refinance more than $2.6bn over the year. Euronav sells suezmax Resale of Hyundai newbuilding due for Feb 2007 delivery yields $10m profit in less than a year. Hanjin looks overseas Korean shipbuilder gets heavy about plan to develop a new yard in the Philippines, Malaysia or Vietnam. GO cancels ship purchase Poor freight rates prompt London-listed bulker owner to withdraw from acquisition. Brambles offloads containers Australian industrial group is offloading its tank container assets to joint venture partner Groupe Ermewa. Daiichi orders capesize Japanese bulker owner seals deal for 200,000-dwt newbuilding at Universal Shipbuilding Corp.

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DECEMBER 22, 2005
Chief engineer of "MSC Elena" pleads guilty in oil spill case German shipowner pays more than AU$1 million fine for oil spill Hapag-Lloyd, CP Ships to merge Med/U.S. East Coast loops NSCSA to double tanker fleet FedEx's profits up 33% in second quarter FMC reviews 9 OTI license applications Arpin International buys U.K.'s Advantage International UAL Corp. posts $187 million net loss in November Congress repeals Byrd Amendment Deutsche Post makes Allan head of logistics division DHL to buy Czech express parcel company PPL FKI Logistex promotes Duplain Gulf ports making a comeback Seaboard to resume normal service to New Orleans U.K. government approves Hutchison's Bathside Bay terminal Israel's Haifa port box volumes up 10%

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DECEMBER 22, 2005
Color Line to use courts to stop Kystlink Any final decision by the Strömstad city council to allow Langesund-based Kystlink to use the ferry terminal will be ... No merger between Novoship and Sovcomflot Russian Minister of Transport Igor Levitin says that at present there are no plans to merge the Russian shipping companies ... Lillbacka's Power Line to be closed down The Finnish Lillbacka group has decided to close down its Power Line liner traffic between Turku and Lübeck. The Lillbacka ...

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DECEMBER 22, 2005
PDVSA posts record profit Venezuelan oil company shows $9.4 billion profit on $83 billion revenue. USEC arbitrage window closes, bunker prices to fall Bunker prices set to slide on the USEC as fuel oil cargoes heading for the market. EC offers clarification on sulphur confusion EC has provided more detailed guidelines on SECA application dates, sulphur content in marine distillates, abatement technologies and the position on cruise ships. KIC/PDZ Holdings reverse takeover still going ahead Planned acquisition will still go ahead, expected to be completed by end-2006 - almost three years after first proposals. DOE & API at a glance: This week's US inventory figures Martek Marine secures emissions monitoring orders Martek Marine Ltd has secured six orders for its MariNOx onboard engine emissions monitoring systems. Rotterdam suppliers committing for next year's supplies Singapore: Residual fuels at 3-month high, distillates up Oil prices stable for now, OPEC says Cartel expecting stable crude prices while accumulating stocks over the next three months. South Korean refiner trims January crude runs Two Chinese ports merge for power Two Chinese ports in Zhejiang province will merge in an attempt to become the third largest port in the world.