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Shipping News

Investor shortlist for Shanghai port
A handful of the world's biggest shipping and port operators, including Singapore's PSA International, are vying for investments in the next phase of Shanghai's multi-billion dollar container port project.
Vessels collide in S'pore waters
AN oil tanker and a cargo ship collided in Singapore waters near St John's Island on Wednesday night.
Nymex offers new shipping contracts
NEW York Mercantile Exchange, the world's largest energy market, launched four shipping futures contracts - adding to three started this month - allowing users to protect against, or bet on, changes in rates for oil tankers.
Sydney ferry hits wharf; two hurt
Gulf oil tanker rates to Asia up

Admiralty Casebook

Timely arrest must be made in in rem actions: HK Court
THE Hong Kong High Court has sent a strong signal to plaintiffs and their lawyers who commence in rem proceedings and then make little or no effort to make a timely arrest of the ship or sister ships named in the writ.

web site

Shipping News

Investor shortlist for Shanghai port
A handful of the world's biggest shipping and port operators, including Singapore's PSA International, are vying for investments in the next phase of Shanghai's multi-billion dollar container port project.
Vessels collide in S'pore waters
AN oil tanker and a cargo ship collided in Singapore waters near St John's Island on Wednesday night.
Nymex offers new shipping contracts
NEW York Mercantile Exchange, the world's largest energy market, launched four shipping futures contracts - adding to three started this month - allowing users to protect against, or bet on, changes in rates for oil tankers.
Sydney ferry hits wharf; two hurt
Gulf oil tanker rates to Asia up

Admiralty Casebook

Timely arrest must be made in in rem actions: HK Court
THE Hong Kong High Court has sent a strong signal to plaintiffs and their lawyers who commence in rem proceedings and then make little or no effort to make a timely arrest of the ship or sister ships named in the writ.

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China ports to handle 6 billion tonnes of cargo by 2010 EMA service to be upgraded Norasia launches AME service Maersk changes box charging system China given grace period by EU in textile dispute CMA CGM opens new US headquarters Hainan Airlines to issue 2.8b shares Boeing launches 777 freighter Flying cargo start for AA's direct US-Irish services

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Shipbuilding university at Mandvi in Kutch proposed 2nd LNG shipment to feed Shell's Hazira plant may arrive in a few weeks Bharati Shipyard to supply 4 boxships to Norway companies Mercator Lines posts 248 pc rise in net profit in 2004-05 Quality, branding seen as key factors to export boost Textile Minister hears out exporters' grievances in post-quota era Concerted move to diversify export basket to China Volkswagen team sizes up Vizag Port PLL shortlists 4 foreign firms for setting up terminal at Kochi CONCOR throws light on box traffic movement curbs in Delhi CONCOR's ICD-Sanathnagar-JNP rakes certified fit for longer runs Agreement with Germany to augment air services signed Navi Mumbai SEZ project achieves financial closure with Rs 486 cr. Freight Links Int'l, Colombo, opens subsidiary office in Kolkata

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MAY 26, 2005
Las Palmas 'dry' as replenishment delayed Blaze blamed on ruptured fuel line A fire originating in the engine room of the cargo ship Java Sea in Cairns, Australia early on Tuesday has been blamed on a ruptured oil line by fire services. Bunker specialist calls on EU to admit sulphur mistake In a scathing letter, marine and oil consultant bunker specialist calls on the EU to swallow its pride and admit it was wrong to have based sulphur emissions legislation on "outdated" and false scientific data. Japan: Marine fuel price hits record Reports from Japan today said that retrospective bunker prices agreed between Nippon Yusen KK and Nippon Oil Corp. for April hit an all-time high Fuel cost could spell 'catastrophe' for ro-ro market The fast rise in oil prices could spell 'catastrophe' for the short sea ro-ro market unless rising fuel costs can be passed on to the public, a Stena Line chief has warned. South Korea: June Fuel oil exports set to rise 80% Fuel oil exports from South Korea, Asia's third largest refining centre, are set to increase 80% in June compared to the previous month as the country's refiners ramps up crude processing rates. High sodium and suspected waste lubes found in fuel Recent samples contained very high sodium concentration as well as unusually high levels of elements that will be included in new ISO 8217 standard to prevent waste lube contamination. Rotterdam firm amid tight prompt market Singapore: Prices rise despite inventory build China: Bunker demand to increase with rise in cargo volumes An increase in Chinese bunker demand is likely to happen with the steady rise in cargo volumes passing through China's ports every year. Bulker hits tanker en route to bunkering anchorage The Maritime and Port Authority of Singapore is investigating a collision incident which happened last night between a bulk carrier and a tanker.

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U-Freight strengthens stock shipment team UASC: Financial 2004 was good Hawaiian Airlines to emerge from bankruptcy protection Swiss company RM to sell Cargo/Crossrail Logista reports strong start to 2005 Pakistan and Malaysia to sign free trade agreement Panopa fleet management in the internet Visit the ITJ at Transport Logistic in Munich

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MAY 26, 2005
IMO agrees goal-based standards UK detains Thome-managed tanker Støhle to head Höegh LNG Joint Europe-Asia service re-vamp "Keep recruitment records for seven years," says ITIC

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MAY 26, 2005
Senate panel finds problems with cargo security Another jackup order for PPL

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MAY 26, 2005
Vancouver Port Commission votes in IDD tax levy United Seamen's Service names AOTOS winners Panama Canal sees first with passage of Mickey Mouse Decommissioned Navy ships return to Everett for salvage Bunge building facility at Port of Decatur in Alabama

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Greeks warned on importance of timing share offers TOP Tankers advisor Cantor Fitzgerald has revealed how close the Athens based tanker company came to concluding its $300m planned private placement, which was ultimately pulled this week together with plans to acquire a major bulk carrier fleet. CMA CGM pressed for Bolloré facts PRESSURE is building on CMA CGM and the Bolloré group to reveal their intentions amid speculation that the two French companies are about to combine their shipping activities. 'Smoke and fire' compound rumours of CP Ships' sale CP SHIPS' future remains one of the talking points of the container industry, but industry sources are divided on whether the company is really up for sale. US security system has 'crippling flaws' INVESTIGATORS in the US have detailed serious shortcomings in the country's efforts to secure the maritime supply chain. Ex-Onassis yacht sparks tax fury ARISTOTLE Onassis' former luxury yacht is whipping up a political storm in Dublin after it emerged that the Irish-owned Mediterranean boat qualifies for tonnage tax breaks.

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MAY 26, 2005
Ceres Paragon secures first client THE Ceres Paragon container terminal in Amsterdam, completed in 2003, has found its first regular customer Medical exam benefits claimed AMERICAN P&I Club claims to have achieved savings of at least $1M through its Pre-Employment Medical Examination programme in the Philippines Trans-Atlantic rates hiked up TRANS-Atlantic rates were bumped up yesterday when the US South Europe Conference announced a general tariff rate hike effective 1 July Financial scandal hits Qasim SENIOR officials in Pakistan's Port Qasim Authority have been accused of embezzling millions of dollars through unaudited bank deposits Transneft hike to fund expansion TRANSNEFT, Russia's state-controlled pipeline agency, has secured regulatory approval for a hike of 8.3% in the pipeline tariff for crude oil exporters Petronet moves ahead on LNG PETRONET LNG has shortlisted four bidders as contractors for the 2.5M tonne per annum LNG terminal at Cochin in Kerala state Bimco to reach out to governments EC sets its sights on tramp ships Island cruise/box crunch Cruise jail threat pays off PSA to invest in Tianjin expansion Tanker, bulker damaged in collision China Shipping eyes Yangshan stake

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MAY 26, 2005
C-TPAT, CSI need improvement: Bonner Customs chief at Senate hearing disputes watchdog agency report that cited security loopholes in box, supply-chain programs. Hanjin doubles Asia- Med calls Improve container transport system, say shippers USSEC holds fuel, currency fees More talks for UPS, pilots NY export tonnage rises LA pays China Shipping $22.2M Rubber, steel up Morehead City volume Miami leading ex-im air hub Eurogate profits climb

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MAY 26, 2005
Carriers: shippers will pay port security charges Carriers in Shenzhen and Hong Kong said that shippers will be paying the port security charge (PSC) at the end of the day. Pilotage dues reform to free Rotterdam of cross-subsidisation Pilotage rates in all Netherlands seaports except Rotterdam will rise significantly over the next 8-10 years, thanks to an end to cross-subsidisation at Rotterdam's expense. Autumn launch for Hanjin's second Asia/Med service Trading posts: Lamy and Panitchpakdi assume WTO and UNCTAD roles Expanding Chiwan draws new services Busan exports stutter Deurgankdok to open on July 6, as Antwerp growth still 'tempered' at 3% Namsung launches Korea/China service Rail policies cross as transit agreements come out of Moscow meeting US industry 'white paper' calls for joint business-practice and infrastructure effort Transcontainer's Chinese containers grew 41% in first 4 months Jindo wins new box order Hamburg Sud orders four 4,000TEU vessels

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MAY 26, 2005
Claims firm burns fingers Appeal court rules that business that backed tanker spill claims must bear cost of lost legal battle. Bollore selling to CMA CGM? Reports link French group with disposal of Delmas boxship line to giant compatriot. Canada finds fault with four Port state checks result in April detentions for Greek, Italian and Korean vessels. Panamax charter goes sour Greek shipowners have won an order to garnish $2.5m from Oslo-based Western Bulk in a dispute over the condition of a vessel. NOS hunts new boss Morten Erichsen is moving aside for a new chief executive officer at Oslo derivatives clearinghouse NOS. Court wants bosses' assets Italian authorities to target personal wealth of 17 former executives of bankrupt Festival Cruises. 'Bobble, not bubble in bulk' Damn the Baltic Index and buy Pacific Basin, Precious Shipping and Thoresen Thai, says Macquarie Research. Ireland defends tonnage tax Maritime Development Office comes under fire for tax breaks for former Onassis yacht. RCCL faces $10m hit. Another problem with troublesome pod propulsion system sends Summit to dry dock. New box team in Middle East Hanjin, Senator, UASC and MOL cooperate on new Europe to Asia service. Skaugen peeks at LNG Co-operation on Norwegian production plant may give owner introduction to coastal LNG shipping. Collision off Singapore Sincere cape slams into Byzantine's brand new product carrier Chrisopigi Lady off St John's Island. Imarex profit falls Trading on freight futures exchange rises but costs take a bite out of earnings. Fire hits Java Sea Aussie authorities blame burst oil line for blaze on Singapore-flagged multi-purpose carrier. Astro Lupus on its way Damaged Kristen VLCC heading to discharge cargo in India after collision with ro-ro. Ship sales boost MBC Disposal of four panamax tankers helps triple first quarter profits at Malaysian Bulk Carriers.

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MAY 26, 2005
CKYH alliance studies additional U.S. East Coast all-water link MOL joins Asia/Mediterranean/Middle East/Asia loop U.S./South Europe carriers reaffirm rate increases NYK pays 15% rise in fuel price Tanker, bulk carrier collide in Singapore Strait China Shipping receives 4,250-TEU ship four months early Aviation Subcommittee want action over "unfair subsidies" IATA sees slowdown in air freight growth Former APL exec Hickler joins DHL Air Canada to boost Shanghai cargo flights to five times per week Continental introduces U.S./Northern Ireland non-stop flights ATA: No end in sight for driver shortage Chertoff says known shippers get protected status Private investigator tells lawmakers counterfeiting "out of control" Grain shippers support GIPSA reauthorization with changes Commerce proposes tighter controls for missile components to Canada Radiation portal monitors have indirect benefit, Flynn says NRC places Syria on embargo list Descartes earns first quarter profit Grindrod to buy certain Seaboard Corp. commodity, milling arms Bunge to build barge unloading operation at Alabama's Decatur port Chertoff to tour L.A. port, airport

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MAY 26, 2005
Norway and Japan to promote quality shipping Norway and Japan will join forces to promote quality shipping as both nations have taken several policy initiatives, including IMO ... First purchase to Herning's Singapore office Herning Shipping has purchased the first tanker to its newly established Singapore subsidiary. The tanker is the "Pacific Venturer" which ... Frontline wins in Indonesian court Both Frontline, Goldman Sachs and PT Equinox (Frontline's agents) have been cleared by an Indonesian of charges that they had ...