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Shipping News

Emma helps PSA, Maersk make peace
SINGAPORE named an orchid after the late wife of shipping luminary Maersk Mc-Kinney Moller, in an enthusiastic celebration of the arrival of the Emma Maersk, the world's biggest container ship.
Toll to invest $100m to redevelop Loyang base
FREIGHT and logistics tycoon, Australian Paul Little is to invest $100 million in the re-development of the Loyang Offshore Supply Base.
Marine Terminals may be sold
MARINE Terminals Corp, the family-owned operator of terminals at 13 US West Coast ports, may be put up for sale, three people with knowledge of the plan said.
Order book fills up for Hanjin's Subic yard

Port Shots

Port Shots
MITSUI OSK Lines Ltd, Japan's second-largest shipping line, plans to introduce a container service linking Singapore and India.

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Shipping News

Emma helps PSA, Maersk make peace
SINGAPORE named an orchid after the late wife of shipping luminary Maersk Mc-Kinney Moller, in an enthusiastic celebration of the arrival of the Emma Maersk, the world's biggest container ship.
Toll to invest $100m to redevelop Loyang base
FREIGHT and logistics tycoon, Australian Paul Little is to invest $100 million in the re-development of the Loyang Offshore Supply Base.
Marine Terminals may be sold
MARINE Terminals Corp, the family-owned operator of terminals at 13 US West Coast ports, may be put up for sale, three people with knowledge of the plan said.
Order book fills up for Hanjin's Subic yard

Port Shots

Port Shots
MITSUI OSK Lines Ltd, Japan's second-largest shipping line, plans to introduce a container service linking Singapore and India.

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Hyundai's CIX service begins calling at Port Pipavav SCI gets CCEA nod to acquire 6 product tankers Hanjin, "K" Line, YML & UASC to launch SINA service RCL enhances services on Indian Subcontinent with RPI India keen on FTA talks with Japan Pak to enlarge positive list for trade with India STC rejects 50,000 tonnes of Russian wheat Paswan seeks curbs on iron ore exports First season of trade through Nathula ends Sutrapada port blips on GMB's radar Coal unloading record set at New Mangalore Port 1st dedicated rake of export boxes from ICD-Raipur arrives at VCT CONCOR NW Region volumes register 15 pc growth in 2005-06 JNP-Panvel track doubling completed New MSMEs Act comes into force GDP posts 8.9 pc growth rate in Q1 Forex reserves rise by $ 940 m Pawar reaffirms need to curb wheat imports

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Euro-Leasing GmbH appoints key account manager OOCL upgrades Japan service British Airways increases London-Moscow flights TNT Express extends network to Morocco Sical Logistics buys Singapore's Bergen Offshore Logistics

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OCTOBER 2, 2006
EC gives industry I month to comment on liner guidelines AP Moller - Maersk orders at Aker Yards Deep Sea Supply fleet earns more Stolt-Nielsen confirms options NUMAST becomes Nautilus

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OCTOBER 2, 2006
Congress passes port security bill More orders for Singapore's ASL

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OCTOBER 2, 2006
Deltaport Third Berth project nets one OK to move ahead Port of Tacoma sponsoring upcoming Alaska conference Mark Hatfield Jr. named Newark-Liberty Airport security boss City of Seattle, King County agree to clean contaminated slip NAFTA trading partners see surface transport gains

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DP World chases top dollar for US port assets DP WORLD expects to receive considerably more from the sale of its US port assets than the rumoured $700m price tag. MTC eyes west coast terminal sale THE port terminal sector in the US could see yet another realignment with the news that family-owned Marine Terminals Corp of Oakland, California, has hired Goldman Sachs to explore a possible sale, writes Rajesh Joshi in New York. Lloyd's names 'under threat' from rigid rules MODERNISERS at Lloyd's of London have warned that failure to overhaul the market's traditional annual business timetable will spell an end to "names" and unaligned private capital in the 318-year-old insurance market. Malaysian owners call for mandatory Malacca security funding THE Malaysian Shipowners Association is calling for a mandatory system of funding for navigational safety and security in the Malacca Strait, rather than the voluntary one agreed two weeks ago.

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OCTOBER 2, 2006
Cruising scores passport reprieve WASHINGTON DC 02 October ' The North American cruise industry has dodged a bullet with the passage of the so-called Stevens-Leahy Amendment, which delays new US passport requirements from January 2007 to a future time up to June 2009 Ports must recognise feeder needs CARRIERS have been urged to negotiate contract clauses with deep-sea ports in favour of feeder services Grimaldi Naples opens Libya link GRIMALDI Group of Naples has inaugurated a new connection to Tripoli, Libya, from the Italian port of Salerno UASC revives regional status UNITED Arab Shipping Co has launched a major initiative to secure its regional status by joining a liner grouping, setting up a European agency venture Van der Giessen slip to build again DUTCH shipbuilder IHC Holland Merwede has leased the former-Van der Giessen-De Noord construction hall, slipway and outfitting quay to work on two offshore orders Indians threaten to flag out INDIAN owners are threatening to flag out vessels to zero-tax regimes to escape crippling localn taxes German yard workers missing out PSC officers' code adopted Newfoundland ferries 'must be replaced' Johor snaps up local owner $2Bn port security bill passed

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OCTOBER 2, 2006
Security bill sails through Congress The legislation formalizes the criteria that C-TPAT members will need to meet to get expedited treatment for their cargo. Congress passes DHS appropriations bill MTC studying sale, report says Vancouver box project gets a boost Trucker unrest returns to Vancouver NYK OKs acquisition of Belgian ro-ro terminals Nicaragua plans rival to Panama Canal MOL, Sea Consortium to start service to India CMA CGM christens box ship Takeover talk stalks Forth Ports Sea Containers may lose NYSE listing Indian state eyes new port NCBFAA hires new education director

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OCTOBER 2, 2006
Bangladesh feeders consider congestion surcharge again The Singapore-based Chittagong Feeder Trade Committee is again considering a congestion surcharge on Chittagong-bound cargo containers, citing renewed congestion. Legislature fails to approve Craney Island funds Virginia lawmakers went home Friday without a comprehensive transportation package, leaving in doubt the start date for the Virginia Port Authority's US$2.2bn Craney Island terminal. FEFC confirms MSC is its latest recruit Barrot warns that "European intervention" will not suffice CSAV picks up mega-vessels from Dohle China COSCO share issue to raise funds for acquisitions St Petersburg flagship keeps growth above 20% Sea Consortium and MOL to launch Chennai link Port security compromise bill agreed on Saturday Preparations for Brenner base tunnel well underway

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OCTOBER 2, 2006
Fincantieri builds up Italian shipbuilder reports improved numbers for first half of 2006 and cites solid orderbook for next three years. New direction Two public companies reach into the biology and finance fields to find new independent directors for their boards. Lukoil drops Riverlake Russian oil group brings commercial management of Eiger Shipping tanker fleet in house. Cantor tweaks dry guys Analyst notches down earnings estimates for Genco on costs and Quintana on deliveries, while edging up Excel on rates. Going, going, gone An overwhelmed Sea Containers will not protest its looming eviction from the New York Stock Exchange. Eitzen to raise $300m Ambitious new chemical carrier venture details share offering to fund acquisition of Songa Shipholding. Consortium to revive Aqaba UAE's Lamnalco and Jordan National Shipping Lines to help run Jordanian port. P&O keeps ICG ferry UK operator extends charter of Kaitaki, currently on sub-let in New Zealand. Stolt orders four more at SLS But more sophisticated design bumps up price by nearly 50%. Woman dies in cruiseship fall Passenger plunges on to balcony from Carnival Conquest's upper outside deck off Galveston. Racists' rampage on DFDS ferry Police make four arrests in Gothenburg after Swedish thugs terrorise passengers. Cosco readies chequebook Shipping line plans to raise $800m for new vessel purchases with mooted share offering. Anek linked to Seaways bid Greek ferry operator could be planning an attempt to grab Minoan Lines' 33.3% stake in sector's biggest owner. HHI buys into steel plant Korean yard giant secures stable supply of steel plates by taking stake in Chinese producer. MOL expands India links Japanese owner to launch new liner shuttle service between Chennai and Singapore. Solstad orders double Norwegian owner ties up billion-NOK deal for two big anchor-handlers at Karmsund.

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OCTOBER 2, 2006
Asia/Canada carriers to lift rates Samskip switches to single brand China COSCO to issue shares CMA CGM christens 9,415-TEU ship MOL, Sea Consortium to start Singapore Chennai Express APL establishes Lithuanian subsidiary Matson adding ro/ro capacity to containership UAL extends Tilton contract as United's CEO Garment import group condemns Vietnam "deal" WTO rules for U.S., other countries against EU's biotech crop moratorium GAO recommends tighter trade controls for "conflict diamonds" Avion's Innovate Holdings buys Corby Chilled Distribution Soybean shippers want reauthorized McGovern-Dole aid bill passed Congress sends port security bill to president Three more ports launch CSI inspections Vancouver Port Authority expansion project passes environmental review

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OCTOBER 2, 2006
Nice profit when Stena Bulk sells a half tanker Stena Bulk has sold half of the 116,000-DWT aframax tanker "Stena Arctica", built last year, to Finland's Neste Shipping ... Increasing accident trend in the Baltic Sea In 2005, 151 vessel accidents occurred in the Baltic Sea region, of which 13 led to smaller oil spills. In ... Master jailed after unreported grounding The German master of the Gibraltar-registered dry cargo vessel "Miramar" was arrested on Friday after reports from a fishing ...

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OCTOBER 2, 2006
Oil prices down despite talk of OPEC production cut Falling numbers in the US although markets hearing more talk of producers considering tightening taps. Call for new 'super' bunker fuel Testing agency suggesting improved ship engine standards and new fuel specifications. Petroplus sells bunkering division Dutch tycoon and three bunker companies' management agree buyout from changing firm. ARA market stable, tight on prompt deliveries Slow start to NYMEX bunker futures First week into the launch of the new trading platform, no contracts were recorded. Two OPEC members to cut output Nigeria and Venezuela will cut output from October 1. Adoption of ISO 8217:2005 slow among owners Survey shows less than 60% of shipowners/charterers adopt revised bunker standard under ISO 8217:2005. Japan: August marine fuel sales down year-on-year MPA reveals Singapore bunker sales tabulation The official Singapore bunker statistics are derived from an on-line declaration system called Marinet