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China's Cosco Shipyard in US$113m expansion drive
CHINA's largest shipyard group, the Cosco Shipyard Group , is pumping in US$113 million to expand three of its seven shipyards, boosting its capacity by 28 per cent within a year's time, its main shareholder said yesterday.
Somali militia frees Korean trawler, crew
SOMALI militiamen freed a South Korean trawler and its 25-man crew on Sunday and were probably paid about US$400,000 for their release, an east African maritime organisation said.
Fears of toxic spill allayed
THE danger of a hazardous chemical spill at Keppel's Batangas Shipyard has diminished following the discovery by salvage divers that the sulphuric acid cargo carried by a chemical barge, which sank at the shipyard's pier, has been diluted by seawater.
PSA adds capacity at Voltri terminal
SK Shipping orders 2 VLCCs for US$250m
M'sian yard wins escort tug order

Port Shots

Port Shots
BELGIAN owner CMB, whose main business activity is dry bulker operation Bocimar, made a net profit of 68 million euros in the first half of this year, compared to 78 million euros in the same period in 2005.

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Shipping News

China's Cosco Shipyard in US$113m expansion drive
CHINA's largest shipyard group, the Cosco Shipyard Group , is pumping in US$113 million to expand three of its seven shipyards, boosting its capacity by 28 per cent within a year's time, its main shareholder said yesterday.
Somali militia frees Korean trawler, crew
SOMALI militiamen freed a South Korean trawler and its 25-man crew on Sunday and were probably paid about US$400,000 for their release, an east African maritime organisation said.
Fears of toxic spill allayed
THE danger of a hazardous chemical spill at Keppel's Batangas Shipyard has diminished following the discovery by salvage divers that the sulphuric acid cargo carried by a chemical barge, which sank at the shipyard's pier, has been diluted by seawater.
PSA adds capacity at Voltri terminal
SK Shipping orders 2 VLCCs for US$250m
M'sian yard wins escort tug order

Port Shots

Port Shots
BELGIAN owner CMB, whose main business activity is dry bulker operation Bocimar, made a net profit of 68 million euros in the first half of this year, compared to 78 million euros in the same period in 2005.

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WTSA to raise US-Asia waste paper rates from September Birkart says e-billing is way forward Volumes up slightly at Sino-Russian checkpoint in H1 PSA's Genoa terminal receives new quay crane Fangcheng H1 cargo volumes rise 41.5pc Embarcadero teams up with Savi Networks at US ports HK's airport authority to invest in new freight zone at Pudong Airport United Airlines to add 40 Asia Pacific flights to network Malaysia Airlines to unbundle domestic services

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ANL launching 2 new services covering Indian Subcontinent Rosy hue in ship paint manufacturers' prospects Insurance cover rule for ships suspended Transworld launches its first newbuild, OEL Singapore MOL opens own office in Ahmedabad Evergreen enters into slot-charter agreement with Hanjin on two trade lanes STX Pan Ocean to start new intra-Asia service this month MISC joins OOCL & TSK on Middle East Asia Express (MAX) service Newbuild OOCL Europe to serve Asia-Europe trade TS Lines bolsters China-Japan services OOIL orders 4 boxships DCT Gdansk selects Liebherr to supply cranes for Poland's 1st deepwater box terminal "K" Line adding service from Asia to Gulf of Aden/Red Sea Tianjin port teams up with Cosco, A.P. Moller in JV USS Product Carriers orders 9 ships AADA to levy PSS from mid-Aug. PSA reviving long-delayed IPO, says report PWC Logistics & SPAN Group complete objectives DP World to invest in Egyptian port Coir Board draws up plans to achieve Rs 1,000-cr. export target Fieo stresses need to lure more mother vessels to Chennai Port Workshop on HIV/AIDS awareness held at MbPT S. Velumani takes over as CMD of Ennore Port Passport to be mandatory to cross Petrapole from Jan. 2007 Forex earnings from tourism doubled Govt mulling gradual reduction in Asean palm oil import duties Tatas earmark Rs 100 cr. for Tada leather SEZ Rubber export packing facility to come up in Kochi Govt to open tobacco co. in Russia

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JULY 31, 2006
Horizon's good first half Three engineers lose their certificates for exam fraud EU to spend euros35m on transport projects NWA and GA in joint service Finnlines takes delivery of delayed ferry

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JULY 31, 2006
Promotions at Crowley Maritime Multraship orders Carousel tugs

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JULY 31, 2006
WTSA member carriers eye waste paper rate increase Horizon Lines sees gains in second quarter numbers Deal reached for cleanup of Asarco smelter site in Tacoma NASSCO lays keel for fourth T-AKE vessel Crowley Maritime taps Harland for West Coast/Alaska VP post

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Lebanon storage tank oil spill heads for Syria TAR from a major oil spill fouling the coast of Lebanon has reached Syria, underlining fears that the pollution could spread to a wider area as continuing hostilities frustrate clean-up operations, writes Nigel Lowry in Athens. Green light for Med pollution alliance MORE than a year after the announcement of an ambitious new pollution-fighting taskforce for the Mediterranean, the initiative finally appears to be moving forward with leading participants expecting an effective launch date this autumn. Angry lines condemn GE's container security initiative THE US-based World Shipping Council has hit out at what it says is an attempt by IT giant General Electric to promote its own container security product via a not-for-profit global standards organisation. Woman missing from Royal Caribbean cruise INVESTIGATIONS are continuing into the disappearance of a passenger from Royal Caribbean's Voyager of the Seas last week.

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JULY 31, 2006
Bush, Blair visit US ports WHILE UK prime minister Tony Blair focuses on the environment at the Port of Long Beach today, President George Bush is promoting free trade in Miami Drifting vessel forces oil rig shutdown THE breakdown of an Indian-owned feeder container ship yesterday led to the shutdown of oil production from ONGC's Bombay High oil platform NAT grows after two-ship deal NORDIC American Tanker Shipping (NAT), the Bermuda-based Suezmax owner managed from Norway, has extended its expansion by the acquisition of two ships Venezuela repeats US oil threat VENEZUELAN officials have once again threatened to curtail oil shipments to America, although most analysts continue to believe such a move is unlikely Frustrated Mass officials look for next step MASSACHUSETTS activists whose efforts to enforce a state oil spill prevention act were rebuffed last week are being urged to work with the Coast Guard Barcelona passengers in heat rage Iran to boost Caspian presence Polembros eyes dumping at Gadani SNCM goes solo in Corsica tender Cougar Ace 'stable' SCI profit takes a hit Yards boost Keppel profit Felda to sell remaining ships Citgo faces spill probe

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JULY 31, 2006
Industry coalition offers Senate guidance for supply-chain security legislation A broad coalition of supply chain interests is urging the Senate leadership what to include -- and leave out -- of new security legislation. Call to revive Doha talks Horizon turns profit in Q2 Savannah passes 2M TEUs Export ABCs: UPC update China start-up hits Matson net Halifax feeder ship seized India seeks foreign investment with SEZ plan Trinity sells European unit Rate hike for wastepaper CSAV makes Charleston move TNT mulls sale of freight management unit Zim's Stramer dies of heart attack Storm haunts ISC results

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JULY 31, 2006
APMT to expand in Aqaba APM Terminals has signed a 25-year contract to manage, operate and expand Aqaba Container Terminal, but despite the emphasis on regional gateway status, rather than transhipments, ship size remains important. Politics can put brakes on US state tolling programmes With existing sources of US highway-funding seemingly unsustainable, while policy increasingly rejects 'building out of congestion', half the US states are looking at road-tolling programmes, according to the government watchdog. WTSA raises US-Asia waste paper rates Samudera Indonesia sees profits fall and sales expand Reduced container freight rates help pull down SCI profits TNT posts increased revenues from ocean freight Two more loops between Korea and China CMA CGM lured by Brazilian shrimp Szczecin-Swinoujscie see 18% growth

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JULY 31, 2006
OMI tops $22 Stamford owner has highest shares closing ever after favourable review in Barron's. Quarter ONE Omega Navigation turns a profit in its first three months as a public company. Cruise death confirmed Florida woman apparently fell from deck of Royal Caribbean vessel. NATS makes it three But Herbjorn Hansson is not confirming he has written George Procopiou a $246m cheque. Navibulgar notches less State-owned Bulgarian shipping company's earnings down in first half, as revenues fall and costs rise. Great Eastern goes south Earnings for Indian owner fall 20% in first quarter after last year's stellar performance. Westfal-Larsen riches revealed Asset value of Bergen-based shipping family's companies reaches at least NOK 6bn ($971m). Numbers up at Cosco Corp Spate of ship repair and conversion orders pushes turnover and profit up at Cosco Corp (Singapore). Cheating officers stripped Three engineering officers lose certificates of competency over examination fraud. SKS eyes new box run Indian owner wants partner to launch containership service to Sri Lanka and Pakistan. US equity muscles in on Pipavav Indus Capital and another investment company to take stakes in company building big new Indian shipyard. Gulf signs with Glencore IPO owner reportedly ties up three handymaxes with US commodity group. Samudera hit by double whammy Rising bunker costs plus lower rates take their toll on Indonesian owner's second quarter figures. WTSA hikes rates Transpacific carriers slap surcharge on westbound boxes laden with costly wastepaper. Mariner struck again Royal Caribbean ship suffers second norovirus outbreak this year as 300 passengers are laid low. Blue Lady break-up to go ahead Hazardous materials deemed within scope of Alang shipbreakers by Indian government-appointed committee. QM2 crewman pleads guilt Filipino seafarer admits killing colleague, will remain in custody until sentencing in late September. BLT serves up tasty half Berlian Laju Tanker of Indonesia increases first-half income and revenue but second quarter down a little. Mitsui back in black Japanese shipbuilder returns to profit in first quarter to 30 June, as revenues soar. Broker boosts research Braemar Seascope appoints Australia based research manager to increase dry bulk coverage. Asbestos prosecution Aussie shipowner stuck with record fine for failure to maintain a safe workplace on cement carrier.

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JULY 31, 2006
Grand, New World alliances partner on new Asia/U.S. East Coast service WTSA recommends $50 per FEU hike in wastepaper rates Matson's 2nd-quarter operating income down 37% Horizon Lines posts $6.4 million second quarter profit Uncertainty over New Orleans terminal hurts ISG earnings TORM sells off three bulk carriers China Shipping establishes Indian subsidiary Crowley promotes Harland UAL's posts first 2nd-quarter profit since 2000 CBP seeks 50% fee hike for express waybills YRC's profits up 21% in 2nd quarter Ex-Chief of Staff Card joins UP board GAO: Defense's critical technology export lists of "questionable value" U.S. corn refiners prepare to re-enter Mexican market Kuehne + Nagel appoints managing directors for Mexico, Canada Padmanabhan tabbed to lead Management Dynamics India subsidiary Globe Express opens Istanbul, Dalian offices Aqaba signs deal with APM Terminals M Ship sues ICE Marine over patent infringement Blair to visit Port of Long Beach today Quay crane delivered to Voltri Terminal Europa Canadian shipbuilder seeks protection from creditors

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JULY 31, 2006
Hurtigruten reflagging After 168 years of sailing under Norwegian flag, two of Hurtigrutens vessels will reflag. The vessels' Norwegian crews are replaced ...

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JULY 31, 2006
Fuel cost exceeds cruise line's forecast Bunker bill running higher than Royal Caribbean expectations, blamed for profit fall. Valero expects bunkers to pick up in fourth quarter Company posting positive second quarter results, with better numbers to come. Marine environment becomes casualty of war International effort underway to address environmental disaster after bombed power plant leaks thousands of tonnes of fuel oil. Scrubbers for bigger engines expected by year-end Krystallon scrubbers geared to fit European ferry sector targeted by upcoming EU sulphur directive, as well as SECA needs. Rotterdam down sharply on lower crude/barge market K Line lowers profit forecast Shipowner's mixed fleet expected to improve revenue, but fuel cost is hurting the company's profits. Hong Kong: Fifteen suppliers on official 'Annex VI' register Since Annex VI came into force on May 19, 2005, 15 bunker suppliers in Hong Kong have confirmed their compliance with the regulation. Shipping firm posts 84% drop in Q2 profit Singapore-listed shipping firm attributes fall in profit to high bunker costs and low freight rates. Titan seeks to expand delivery capability with new barges Additional barges will initially be deployed in Titan's existing bunkering markets before expanding to other Asian ports.