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Shipping News

PTP quashes rumours of Evergreen's S'pore return
MALAYSIA's Port of Tanjung Pelepas has dismissed talk that its second biggest customer, Evergreen Marine Corp, may move back to Singapore to enjoy better connectivity and service.
Networking opportunity at Indian logistics seminar
BUSINESS people here will be able to look at opportunities in the Indian logistics market and network with senior government officials and executives at a one day seminar to be held next Thursday.
Armed pirates board, rob LPG tanker off Iraq
PIRATES armed with machine guns held a liquefied petroleum tanker's master and two crewmembers at gunpoint off Iraq last week before escaping with cash and property, the International Maritime Bureau said.

Strait Talk

Different floor, different dance?
SO Neptune Orient Lines will be left 'standing on the dance floor' now that the most eligible potential partners have been whisked off their feet by Maersk and TUI, suitors for P&O Nedlloyd and CP Ships respectively.

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Shipping News

PTP quashes rumours of Evergreen's S'pore return
MALAYSIA's Port of Tanjung Pelepas has dismissed talk that its second biggest customer, Evergreen Marine Corp, may move back to Singapore to enjoy better connectivity and service.
Networking opportunity at Indian logistics seminar
BUSINESS people here will be able to look at opportunities in the Indian logistics market and network with senior government officials and executives at a one day seminar to be held next Thursday.
Armed pirates board, rob LPG tanker off Iraq
PIRATES armed with machine guns held a liquefied petroleum tanker's master and two crewmembers at gunpoint off Iraq last week before escaping with cash and property, the International Maritime Bureau said.

Strait Talk

Different floor, different dance?
SO Neptune Orient Lines will be left 'standing on the dance floor' now that the most eligible potential partners have been whisked off their feet by Maersk and TUI, suitors for P&O Nedlloyd and CP Ships respectively.

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Lianyungang port volumes surge 70pc HK truckers to introduce fuel surcharge Shanghai, Rotterdam sign port agreement Singapore to host Asia Pacific Maritime conference in 2006 China Logistics opens Xuzhou branch Tacoma to receive US$2.4m for rail upgrade to handle extra freight China Airlines and Delta expand co-operation Singapore Airlines signs engine deal with GE Toyota helps us to boost productivity at Narita: JAL Cargo

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ICS conducts interactive course on container shipping India, EU draw up action plan to address trade barriers 2.25 m tonnes additional LNG sought from RasGas Study brings out latent advantages of developing Vizhinjam international container terminal GMB trying to rope in foreign investor to develop Jodiya port Port connectivity road works proceed at snail's pace Nagpur air cargo hub to take concrete shape soon Ernst & Young favours SPV/JV route to finance dedicated rail freight corridor Ficci lays out reforms agenda to develop manufacturing sector Circular on FBT issued SEZ developers lay down ground rules

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AUGUST 30, 2005
Hamburg Süd: management change at Rudolf August Oetker Strong AP Moller'Maersk results Joint TAP Portugal and United flights TFG banks on high-quality pre and post-feeder truck services Mixed results for Frans Maas New Jersey passes intermodal 'road ability' bill iCargo "Routes" airline and airport conference in Copenhagen

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AUGUST 30, 2005
Aker Helsinki to focus on ferries Clifford named president of BAE Systems Norfolk Ship Repair Katrina sets offshore rigs adrift Golden Gate Ferry passengers screened for explosives

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US counts cost after Katrina wreaks havoc on oil industry ONE of the most devastating hurricanes in US history has seized up about 13% of the nation's oil refining capacity, severely hit crude production, damaged offshore rigs and crippled one of the world's largest port complexes. Mississippi limping back after total shutdown HURRICANE Katrina choked lifelines crucial to US maritime and energy commerce but some business appeared to be limping back to normality yesterday as Lloyd's List went to press, writes Rajesh Joshi in New York. Insurance bill may rise to $26bn THE world's largest reinsurer, Munich Re, has said Hurricane Katrina could cost the global insurance industry between $15bn and $20bn in insured losses. Vafias family's StealthGas seeks to raise $107m in Nasdaq listing STEALTHGAS, the company that has led the Vafias family's charge into the liquid petroleum gas shipping sector in the past year, has filed with US regulators for a much-touted initial public offering.

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AUGUST 30, 2005
Piracy: Jamaica ALERT crew managed to deter three people who tried to board their bulk carrier at Rocky Point anchorage on 25 August Russians target Dubai for training THE Russian shipping industry sees Dubai as a cost-effective crew training hub for global shipping lines from the Middle East and North Africa region Heavy lifter picks up slick fine A Dutch registered heavy lift vessel has been fined in Newfoundland after pleading guilty to the illegal discharge of an oily substance into Canadian waters Green Reefers acquires Laeisz ships GREEN Reefers, the listed Norwegian shipping group, and its investment partners have acquired four ships from Reederei F Laeisz in Rostock StealthGas IPO seeks $106M VAFIAS Group spin-off StealthGas has filed with the Securities & Exchange Commission for an initial public offering of 7.7M shares, seeking proceeds of $106.8M Sail boat captain guilty of smuggling Sudan to build Red Sea oil refinery Katrina 'hits global grain trade' Germans mark 100-vessel milestone Maersk Line lands US fast sealifts US truckers drive short-sea shift Gulf ports assess Katrina damage Philippine ferry blast injures 30 Israel lifts Turkey cruise ban Great Eastern in restructure talks

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AUGUST 30, 2005
Hamburg Sud entry into port operations confirmed by Santa Catarina An official statement by Brazil's Santa Catarina state government has finally confirmed that Hamburg Sud is to move into port-operations, through a new three-berth facility, Tecon Santa Catarina (TSC). Lines push through more Asia-Australia rises, despite extra capacity Asia-Australia Discussion Agreement (AADA) members will press ahead with 2005's third rate-rise, just a month after activating a peak season surcharge. Large vessels still barred from New Orleans China and US undergoing fourth textile talks in Beijing Mandelson promises retail-relief for blocked Chinese textiles Extra vessel allows Magistral to dedicate tonnage to services Trading UP terminals: Union Pacific opens upgraded intermodal facility Yang Ming says high demand boosts profits BPA opens tenders for port hinterland tenants Busan enhances cranes' typhoon resistance

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AUGUST 30, 2005
'Mississippi ran backwards' The Mississippi could reopen to traffic before evacuees return to hurricane-ravaged New Orleans. Back in LOOP? Louisiana offshore port could reopen by Wednesday, some suggest, minimising tanker backlog and crude-market impact. Runaway bulker wreaks havoc No loss of life is reported after hurricane Katrina propelled a bulker across the Mississippi into an anchored fleet. Lasco to pay more Latvian owner negotiating price rise for tankers at 3 Maj as steel price increases. Luboil crisis warning Rocketing prices and demand combine with supply problems to give owners another headache. Vroon buys duo Dutch owner buys back livestock carrier and raids Greece for bulker. Sheepship crew hope for pay Australian court to rule on money owed to crew and bunker supplier of Kuwait livestock carrier. Helsinki gives up on cruiseships Lack of demand and space restrictions mean Aker Finnyards' Helsinki yard to concentrate on ferry business. Spot of bother for Golar Norwegian LNG player falls to second quarter loss as poor market hits revenues. Equity injection for Kystlink Extra cash allows Norwegian owner to bring in Greek ferry. Green Reefers adds four Norwegian owner builds 35-vessel fleet with purchase of four Laeisz sisterships. Slimmer SBM in better shape Dutch FPSO owner makes more money in first half after shedding its shipyards. RCL buys feeder boxship Thai intra-Asian operator Regional Container Lines acquires 818-teu containership Blue Link. Norden fixes Protefs Diana Shipping inks another short term charter for panamax bulker in anticipation of market upturn.

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AUGUST 30, 2005
Maersk Line Ltd. wins U.S. Navy fast sealift ship contract Grimaldi Lines to introduce x-raying surcharge Judge sets $70,000 fine for oily discharge in Canadian waters Volga-Dnepr to test first IL-76 freighter Air New Zealand's net profits up 8% CN director Lamphere resigns EGL authorizes "Dutch Auction" to buy 9.6 million shares U.S. domestic textile companies say China has 'unfair advantages' Katrina impacting all transport modes along Gulf Coast LCL aims to expand in Mediterranean market PierPass officials say night turn times down to 30 minutes Humber terminal receives first ever deep-sea car carrier

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AUGUST 30, 2005
Kystlink eyes Strømstad Norwegian ferry company Kystlink plans to establish a link between Langesund in Telemark and Strømstad in Sweden this autumn by ... Freight increase for Stena Line Stena Line reports a 12 per cent freight volume increase for January'July compared to the same period last year ... Swedish/Finnish initative for sustainable transports in the Baltic Sea The Committee on Transport and Communications in the Swedish parliament and its Finnish counterpart have taken an initative to a ...

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AUGUST 30, 2005
Hurricane's fallout keeps prices high, ports closed New Orleans and Mobile remain closed for the rest of the week as supply uncertainty pushes prices to new record levels. Crude prices surging as Katrina damage is assessed US light crude futures last showing a $3.50 gain in the wake of hurricane Katrina as damage assessments are made. Asian fundamentals improve on lower fuel oil influx Fall in arbitrage arrivals during September and October help boost fundamentals despite weak Chinese demand. Shipping company beats bunker price increases Major container operator reports 20% increase in Q2 profits despite higher bunker prices. Russian oil export duties to jump 25% Finance Ministry official defends tax regime, sets new taxes which may encourage more gas and fuel oil exports. Taiwan: High prices blamed for slump in bunker sales High prices said to have dented Q2 bunker market sales just as posted prices hit new all-time-high. MPA: No new bunkering licenses while demand can be met The MPA tells Bunkerworld that there is no need to issue new bunkering licenses while accredited suppliers can meet demand. ARA market holding firm Tuesday morning Dubai exchange: Hedging needs will ensure liquidity The DMCC's director for energy tells Bunkerworld in an interview that hedging needs will likely ensure sufficient liquidity for the Dubai Exchange's success.