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Shipping News

Thailand plans to set up national shipping fleet
THE Thai government is planning to set up a national shipping fleet with private Thai shipowners taking a 70 per cent stake, in an attempt to reduce Thailand's dependence on foreign shipping companies.
Asia freight rates soar on tight ship supply
ASIAN shipping rates this week hit their highest level in more than a month.
Indon navy storms Croatian ship
THE Indonesian navy stormed a Croatian ship early on Monday and detained all 25 crew members, Croatia's ambassador to Indonesia said, calling it an illegal act.

Strait Talk

Lube oil has to be worth more than spring water
THE boss of shipping industry lubricant supplier Castrol Marine didn't mince his words when he spoke about the lube oil supply crisis now affecting Singapore.

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Shipping News

Thailand plans to set up national shipping fleet
THE Thai government is planning to set up a national shipping fleet with private Thai shipowners taking a 70 per cent stake, in an attempt to reduce Thailand's dependence on foreign shipping companies.
Asia freight rates soar on tight ship supply
ASIAN shipping rates this week hit their highest level in more than a month.
Indon navy storms Croatian ship
THE Indonesian navy stormed a Croatian ship early on Monday and detained all 25 crew members, Croatia's ambassador to Indonesia said, calling it an illegal act.

Strait Talk

Lube oil has to be worth more than spring water
THE boss of shipping industry lubricant supplier Castrol Marine didn't mince his words when he spoke about the lube oil supply crisis now affecting Singapore.

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CSCL H1 net profit up 40pc NOL handles more boxes in July Toll Holdings launches takeover bid for Patrick Shekou boosts gantry cranes number to 70 Hindustan Lever and Exel join forces in India Wuhan to be railway hub Long Beach board votes to appropriate $5m for environment study Dragonair freight handling rises in July Lufthansa raises fuel surcharge again Volga-Dnepr and bank agree on aircraft financing Continental announces daily non-stop service to Ponce, Puerto Rico

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WTSA to impose fuel surcharge on shippers New shipping agency JV formed P&O profit triples on Nedlloyd stake sale MISC in talks to expand to China & US with partners MOL plans to order 8 ships with other shipping firms AADA to introduce PSS on September 1 Shanghai, Shenzhen ports buoyed by export boom Baalu lists steps taken to promote cruise shipping Persian Gulf oil tanker rates poised to rise further Orders for 22 ships placed with HSL Few snags now to mammoth sale Exporters clinch deals worth over Rs 160 cr. during China visit Toll on highway users may cripple JNP traffic from today India needs more major ports Kerala govt narrows down focus to 3 ports' development Now, Haldia Dock gets congested with ships awaiting berths New Mangalore Port handles new cargoes Bill cleared for Railways to commercially utilise vacant lands ...approves Rs 12-cr. national highway improvement works in gujarat 47 more SEZs given the green signal SION notified for 17 new export items Pharmaceuticals exports being promoted-Paswan

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AUGUST 23, 2005
DHL appoints new managing director for Great Britain and Ireland Marseilles lifts cargo throughput SAS Cargo: new address in Germany Eurosib taking over further railway wagons DFDS Transport acquires remaining shares in Asian subsidiary

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AUGUST 23, 2005
TUI to buy CP Ships Olympic Shipping orders at Aker North of England boost reserves Solstad orders construction vessel

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AUGUST 23, 2005
Hijacked ship seized, after three years Tokyo MOU plans crackdown on SOLAS and MARPOL operational requirements Awilco jacks up its offer for Petrojack

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CP Ships bid leaves NOL high and dry NEPTUNE Orient Lines has been left without potential partners for merger or acquisition as Tui looks set to acquire CP Ships. Tui insists it will not get involved in bidding war with CMA CGM GERMAN conglomerate Tui emphasised yesterday that it was not prepared to enter a bidding war between its subsidiary, Hapag-Lloyd, and CMA CGM over the acquisition of CP Ships, writes Katrin Berkenkopf in Cologne. Chemtanker in repair yard blast that killed four is arrested in Trinidad THE Tradewind Sunrise , the chemtanker that suffered a repair yard blast in June, killing four people, has been arrested in Trinidad. Kvaerner Pension Fund members furious at sale INDIGNANT British members of the troubled Kvaerner Pension Fund have dubbed as "irrelevant" a rare public outburst by Norwegian industrial tycoon Kjell Inge Røkke in defence of his £1 ($1.8) sale of UK pension fund responsibilities. Indonesia holds Croatian logging ship THE Indonesian Navy stormed a Croatian-flagged cargo ship early yesterday and detained all 25 crew members on board, AP reports.

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AUGUST 23, 2005
NCL drives Star turnaround STAR Cruises' rebound from last year's loss is being driven by higher ticket prices and additional capacity for its Norwegian Cruise Line (NCL) brand Chinese to buy PetroKazakhstan CHINA's largest state-owned oil company, China National Petroleum Corp. International, has outbid Indian rivals for the purchase of Canada's PetroKazakhstan London market forms claims group THE London market has set up a new marine claims committee to act as a forum to discuss market issues and promote best practice for insurance and reinsurance claims MSC recruits Indian crews MSC is looking to the Indian market for seamen and has started a new company ' MSC Ship Management (India) in Mumbai ' for its Indian operations Gujarat plans new LNG terminals PDVSA targets China for crude exports Fjord Line solution soon Norden raises forecast NYK-Lauritzen reefer deal approved James Fisher hit by ship-sales Turkish crew jump ship in Canada Navalmar takes control of MC CSCL rides on China boom Barge blast kills crewman

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AUGUST 23, 2005
CP Ships could draw new bids Parent of Hapag-Lloyd that has offered $2.1 billion for CP Ships insisted it won't be drawn into a bidding battle for the box carrier. Chinese imports jamming Europe docks Calif. assembly backs resolution on port clean PierPass traffic increasing Virginia ports aid drive for more truckers Big gains for Georgia ports Hamburg Süd expands U.S.-Brazil service DHL to meet U.S. goals Report: CSCL eyes ports business NWA, Lufthansa and Cargolux hike fuel charges

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AUGUST 23, 2005
CP Ships ripples seem to subside, as confident TUI/Hapag-Lloyd close net The ripples of interest around CP Ships in the wider market seem to be subsiding, after Hapag-Lloyd-TUI AG's dramatic last-minute entry with a bid, signed on Saturday morning. NOL could be 'interesting target', speculate CIMB-GK Goh Neptune Orient Lines (NOL) has been identified as an 'interesting target' for acquisition because of its relatively low valuation, in a report by broking house CIMB-GK Goh. CSCL may consider growing through acquisition Floods in Switzerland throw rail and barge services into disarray Fake money and goods smugglers charged in US Yang Ming and Evergreen in new Taiwan-Japan-Vietnam service MOL introduces new tonnage to NWA transpacific service Toll reports record results Hutchison wins another berth at Laem Chabang CSCL takes delivery of new tonnage

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AUGUST 23, 2005
Star exchanges loss for profit Malaysian cruiseship owner turns around result in first half thanks to higher yields and currency gains. Navios transaction goes ahead Angeliki Frangou has won her fellow shareholders' approval to buy Navios for $607m. Finns get together Finland's Bore Group snaps up fellow ro-ro operator Bror Husell for undisclosed amount. Indian islands eye ferry haul Development body wants to place 22-vessel order with Hindustan Shipyard. Five Star trio detained Myanmar owner had three cargoships held in Japan during July after they failed port state inspections. Another for Rousse German owner Briese orders eighth cargoship at Bulgarian yard. Panama Canal speeds up Transit times drop in third quarter, as tonnage volumes increased. Still on track Yang Ming posts profit rise despite earlier warnings of tough times ahead. Norden nails the numbers Diversified Danish owner juggles charter cover and business segments to post 10% increase in profits for half year. Fisher takes ship-sale hit Disposal of older tankers and pension charges dent UK company's first-half net earnings. Wonsild opens in Oz Danish broker unveils Melbourne office after spin-off of shipowning activities to Clipper. Tradewind Sunrise arrested Detention comes after preliminary accident report found catalogue of errors caused June blast. Quintana fixes Linda Leah Recently listed Greek panamax bulker owner fixes out last of its initial fleet of eight ships. Toisa returns to Wuchang Gregory Callimanopulos' support vessel operation adds to order backlog at Chinese shipbuilder. TUI plans rights issue Hapag Lloyd parent to raise EUR1bn to help fund CP Ships acquisition and cut reliance on banks.

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AUGUST 23, 2005
EC OKs NYK Reefers, LauritzenCool merger APL's July traffic up 10%, revenue up 5% Hamburg Sud reminds U.S. exporters about shipping instruction fee China Shipping receives third 4,250-TEU ship Standard & Poor's places CP Ships' ratings on credit watch Lufthansa, Northwest raise fuel surcharges Northwest placed on CreditWatch after mechanics' strike Continental to start daily non-stop Newark/Puerto Rico service DHL holds onto medical account Gainey Transportation buys another piece of SIRVA's business AWO fills government relations post CBP OKs electronic NAFTA certificates U.S. CBP aircraft aids seizure of huge cocaine haul in Caribbean Accuship names new board chairman Panama Canal tonnage, transits on the up Panama Canal will review vessel stowage plans

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AUGUST 23, 2005
Norwegian ports struggle for ISPS compliance Only 203 of the 524 Norwegian municipal and private port terminals have been subject to inspection from the Norwegian Coastal ... Record first half for TTS Marine TTS Marine is expanding fast and significant. Turnover reached NOK 504.6 million for the first half of 2005, up by ... Mols-Linien redelivered HSC ferry The Danish ferry operator Mols-Linien A/S has redelivered one of its fast ferries. The redelivered ferry is the ...

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AUGUST 23, 2005
NY at record high, Persian Gulf cargo heads for Houston As suppliers hit tank bottom in New York, reports say cargoes of fuel oil heading from the Middle East to the US Gulf. Southern Chilean supplier awaiting benefits of region's growth As exports in the far south of Chile boom, principal bunker supplier remains cautious. FASA optimistic over JWC's Malacca Strait rating Federation of Asean Shipowners' Associations says there is no valid reason for war risk insurers to take hasty action in seeking to charge additional premiums. Trader pursues bunker bill as court orders vessel sale Bunker trader is still speaking out of court with the owners of Mawashi Al-Gasseem. H1 results: Chinese shipping line beats bunker price effect Chinese export growth bolsters profit even as surging bunker prices increase shipping line's cost. Jordan to export straight-run fuel oil Singapore bunker market mooted as possible outlet for Jordanian fuel oil cargoes. ARA market reported steady at midday Hong Kong: 380 cst extends tight run 380 cst bunker fuel has extended its tight run amid slow demand in the Hong Kong market. Singapore: Overseas sales of bunkering improve on year Data from Singapore's Department of Statistics showed overseas sales by ship chandlers and bunkering companies improve on year. Starsupply acquired by London insurance broker US-based oil products broker and OceanConnect partner acquired in reputed $15m cash deal.