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Rewarding career awaits in maritime industry: Cheow Tong
THERE are vast opportunities available in Singapore now for a rewarding career in the maritime industry, said Transport Minister Yeo Cheow Tong yesterday.
Asian freight rates down on thin trade
THIN demand prior to a week-long holiday in China is weighing on benchmark Asian shipping rates after they spiked in the middle of last week, regional brokers said yesterday.
Striking French shipping workers block oil ports
STRIKING French shipping workers, angry about the planned privatisation of state maritime company SNCM, yesterday blocked access to the Lavera petrochemicals complex and the oil port of Fos-sur-Mer, a local union official said.
Forum to discuss wages, shortage of skilled seamen
Horizon Lines raises US$125m in IPO

Strait Talk

Making money in the good, and not so good, times
TOMORROW is World Maritime Day, an event which will be celebrated by the International Maritime Organization at its London headquarters.

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Shipping News

Rewarding career awaits in maritime industry: Cheow Tong
THERE are vast opportunities available in Singapore now for a rewarding career in the maritime industry, said Transport Minister Yeo Cheow Tong yesterday.
Asian freight rates down on thin trade
THIN demand prior to a week-long holiday in China is weighing on benchmark Asian shipping rates after they spiked in the middle of last week, regional brokers said yesterday.
Striking French shipping workers block oil ports
STRIKING French shipping workers, angry about the planned privatisation of state maritime company SNCM, yesterday blocked access to the Lavera petrochemicals complex and the oil port of Fos-sur-Mer, a local union official said.
Forum to discuss wages, shortage of skilled seamen
Horizon Lines raises US$125m in IPO

Strait Talk

Making money in the good, and not so good, times
TOMORROW is World Maritime Day, an event which will be celebrated by the International Maritime Organization at its London headquarters.

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China updates textile export quota transfer rules TSA relieved about lack of congestion at US west coast ports Beijing-Fujian expressway to open this year Guangdong accounts for 39pc of China's ASEAN imports in August K + N invests in greater Leipzig region New cranes go into action in time for peak season at Port of Savannah Second Xuancheng-Hangzhou railway to open next year Boeing, IAM reach tentative agreement on three-year contract Dragonair sees cargo volumes, passenger numbers climb in August China Airlines revises 2005 financial forecast Japan Airlines and Cathay Pacific expand code share agreement

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TSA to approach Asia-US freight shippers to discuss options John Fredriksen, the wealthiest Norwegian shipping tycoon Shreyas World Navigation of Transworld Group launches 1st newbuild Asia freight rates up on strong grain, ore demand Switzerland emerges largest source for imports this fiscal! CII takes a constructive mission to Qatar DCI chief allays ecological fears: Sethu project 3 Kerala ports in various stages of implementation FFFAI elects new team for 2005-07 S-E Rly hauls record freight, earns 35.5 pc more Uncertainty over DEPB scheme will impact exports, warns SRTEPC chief Indore SEZ: Focus now on strategic partnerships 1 lakh jobs from SEZs seen Move to amend labour laws for state SEZs Move afoot to streamline & simplify foreign direct investment policies

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SEPTEMBER 27, 2005
Vancouver Port Authority and TSI Terminal Systems ink agreement New JAL Cargo services Kombiverkehr's Mozart-Express III offers more departures Norbert Dentressangle: sales up, profits down in first half of 2005

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SEPTEMBER 27, 2005
Post-Katrina cruise ship deals face probes QBE buys British Marine Garex on expansion trail US to pay to scrap more ships

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SEPTEMBER 27, 2005
Noble reports rig breakaways, damage No damage to Tidewater vessels Horizon Lines lowers its IPO sights Rita damages rigs, platforms

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Striking seafarers seize SNCM ship at Marseilles STRIKING SNCM seafarers seized one of the company's ships in the port of Marseilles yesterday and sailed for Corsica after running a gauntlet of tugs sent to prevent it leaving its berth. QBE's surprise $204m bid for British Marine shakes up P&I market IN one of the biggest surprises in maritime insurance of recent years, major insurer QBE has swooped to buy the highly successful protection and indemnity and hull cover provider British Marine, writes James Brewer. Enterprise scheme sees firms jump on Singapore bandwagon ANOTHER 20 shipping companies from across the globe have committed to operating from Singapore through the Approved International Shipping Enterprise Scheme. Jones Act waived again to free up fuel delivery THE Jones Act has been waived for the second time in a month in the aftermath of Hurricane Rita, so as "to remove obstacles to fuel distribution".

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SEPTEMBER 27, 2005
EMSA preparing refuge 'visits' THE European Maritime Safety Agency is preparing to inspect EU port plans for places of refuge and waste reception facilities Horizon closes whittled IPO HORIZON Lines begins trading on the New York Stock Exchange today after completing a severely discounted initial public offering Mærsk settles oil log case AP MØLLER-Mærsk confirmed today that it has entered into a plea bargain 'under principles of corporate liability' with the US Attorney Waste handling now a major issue SHIP owners and managers are blindly entering into a game of 'Russian roulette' with authorities because of ineffective or illegal oil-water processing systems Garware to expand offshore fleet MUMBAI-based Garware Shipping has drawn up expansion plans and is in an advanced stage of negotiations with shipyards to buy offshore supply vessels Redeployments set after storm ROYAL Caribbean and Carnival Cruise Lines have finalised their post-hurricane deployments, underlining the stark reality of long-term damage in New Orleans No liability for Festival owner Le Joola replacement arrives Fuel surcharge splits operators Kiperousa logs now a nav hazard Greeks press Athens for action Pacific lines demand rate increases 'Silk Road' convoy set to roll Spanish dockers call 4-day strike SNCM anger over Butler backing TTS Marine ties up with Dalian New

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SEPTEMBER 27, 2005
Charleston gets $63.7 million in spending State Ports Authority approves $63.7 million for new container-handling equipment, other terminal improvements. Lines extend trans-Pacific surcharge Plea deal for Maersk in oil log case Waterways re-open after Rita Horizon Lines reprices at $10 per share Maersk's Houston base unscathed by Rita Port of Beaumont re-opens after storm Rita snarls Texas, La. rail lines

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SEPTEMBER 27, 2005
Switzerland rail cancels big rail projects, for lack of money Notwithstanding a long list of new projects, and plans to improve access to the new L'tschberg and Gotthard base-tunnels, Switzerland has announced it is limiting rail-investment, for lack of money. Toronto trucking firms consider settlement proposals Nearly two dozen Toronto trucking firms are considering new contract proposals from disgruntled trucker owner-operators to end a violence-marred dispute that has reduced container flows at local intermodal terminals. Brazilian shipbuilding sources tot up possible 15 orders Rail JV sees NWS invest in China following HK withdrawal UPDATED: US agencies clear up after Rita Inchon invalidates contract with PH on Songdo New Port Development Demonstration transit takes containers by Silk road Beijing and Washington seek trade dispute settlement Horizon Lines opens $125m IPO Discrepancies in Indian textile export data continue Trans-Asian Railway meeting being held in Moscow BPA to open Tokyo office CI launches classified ad site

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SEPTEMBER 27, 2005
Rita clears crude cloud Second Gulf hurricane is short-term boost for suezmaxes and other crude cargoes while products side remains hot, OMI braintrust tell investors. Ticking off the Joneses US cabotage community appears to be losing patience with Bush administration's hurricane-related Jones Act petroleum waivers. Minoan mired in the red Greek ferry operator still losing money in 2005, as compatriot owner Attica ups stake. Greeks blast EC Shipping unions claim European policymakers have been undermining good work of IMO. Filipinos warned on UK pay Officers' union tells crews working under the Red Ensign to check on minimum wage. Hornbeck targets newbuilds US offshore owner wants domestic yards to bid for $265m series of supply ships and tank barges. Saaremaa hails Ventspils route Estonian ferry owner says Latvian run has enjoyed promising start. Horizon settles for $10 US container line raises $125m in heavily pared down initial public offering. French seek more war Insurance business that is, as Garex celebrates its 25th anniversary. Dolphin eyes fleet expansion Indian offshore vessel operator planning to raise $34m with private share placement or bond issue. QBE buys British Marine Australian insurance group makes 91st acquisition since 1982 with deal to swallow up marine insurer. Frontline to re-join Intertanko The world's largest tanker operator has opted to rejoin the organisation of independent tanker owners. ICG out of pocket? Irish government may refuse redundancy rebate cash as ferry owner seeks to replace costly crew. Trico unscathed too US offshore owner says no vessels seriously damaged by Hurricane Rita. Whoa! Carnival Ecstasy rides out Hurricane Rita in the Gulf of Mexico as it waits to enter Mobile. Kirby escapes Rita rampage US barge operator says only 'minor damage' to several of its inland tanker barges from latest hurricane.

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SEPTEMBER 27, 2005
TSA carriers push for higher rates to cover costs New Caribbean Service Rate Agreement raises bunker surcharge WITASS increases fuel surcharges OMI to disclose tanker rates Dragonair's cargo up 4.1% in August FMC signs off on NVO service arrangements GAO: CBP struggles with CDSOA claims Florida honey industry tries to combat imports Memorex renews contract with Kuehne + Nagel Coast Guard reopens Gulf Coast waterways after Hurricane Rita Maryland Port Authority names security director

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SEPTEMBER 27, 2005
Another Jones Act waiver Foreign flag have another chance to trade between US ports, a trade normally reserved for US flag vessels under the ... Eidsiva sells another ro/ro Eidsiva has sold yet another ro/ro, the 3,800 lanemetres "Scan Carrier" to the charterer SSI on terms specified in ... Eidesvik buys more in Green Reefers Kristian Eidesvik now controls 37.52 per cent of Bergen-based Green Reefers after another share acquisition by one of his ...

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SEPTEMBER 27, 2005
Japan seeks to mitigate high bunker prices A ministerial panel will consider measures to ease burden of high fuel prices on domestic industries. New Orleans bunkering shrugs off Rita, Gulf prices rise Suppliers in New Orleans resuming operations with strong demand but wary over product supply as Gulf prices reflect refinery concerns. Captain of vessel involved in bunker dispute charged Trader has put claim on fuel in Australian court after vessel was seized due to suspected illegal catch. BP Marine event to address low sulphur, lubricant challenges Conference to focus on the implications for operators in the new low sulphur era, and examine marine lubricant challenges. Evergreen goes ever greener Shipping giant has been praised for demonstrating 'great leadership' in its commitment to the environment. MPA: Quality management standard to be published next year Conversion of the MPA's quality management for bunker supply chain to a Standard should be completed and published next year. Rotterdam firm amid congestion Japanese technology helps reduce fuel consumption NYK claims its water-emulsion equipment is able to reduce fuel consumption by 8.5% and cut down harmful emissions. Oil transfer tankers detained in Malaysia Malaysian marine police detained two Indonesian tankers for illegally entering its territorial waters and carrying out a transfer of oil.