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BW Offshore designs a generic hull
WITH an estimated US$30 billion to be spent globally on deepwater floating production systems for oil and gas extraction over the next decade, Bergesen Worldwide Offshore has designed a generic hull in anticipation of growing demand for conversion hulls.
Modern Terminals to invest in China
MODERN Terminals Ltd, a Hong Kong-based container terminal operator, said it will invest as much as HK$10 billion in Chinese ports over the next three years to tap the country's growing demand for sea freight.
APL aims to cut fuel emissions from ships
CARGO shipping line APL said on Monday that it has begun using cleaner-burning fuels and will begin testing technology to reduce harmful emissions from its ships.

Strait Talk

Liability insurance costs going up for shipowners
THE Christmas decorations are in the shops, the festive season is nearly here.

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Shipping News

BW Offshore designs a generic hull
WITH an estimated US$30 billion to be spent globally on deepwater floating production systems for oil and gas extraction over the next decade, Bergesen Worldwide Offshore has designed a generic hull in anticipation of growing demand for conversion hulls.
Modern Terminals to invest in China
MODERN Terminals Ltd, a Hong Kong-based container terminal operator, said it will invest as much as HK$10 billion in Chinese ports over the next three years to tap the country's growing demand for sea freight.
APL aims to cut fuel emissions from ships
CARGO shipping line APL said on Monday that it has begun using cleaner-burning fuels and will begin testing technology to reduce harmful emissions from its ships.

Strait Talk

Liability insurance costs going up for shipowners
THE Christmas decorations are in the shops, the festive season is nearly here.

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India braces for dock strike at major ports December 14 Maersk to reduce bunker charges from Europe to China FedEx opens new US$20m station in Tokyo Zhangjiagang port on track to handle 100m tons of cargo in 2006 Ecu-Line Antwerp adds new string to Australia services Oceania VSA streamlines WC Australia-NZ Service MOL pledges aid, transport support to UNHCR Senai Airport wants tax to stop freight diversion to Changi DHL Leipzig hub to be built on time despite probe China Southern's Airbus fleet hits the 100 mark

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Asian logistics players network for solutions Tata Steel & NYK sign JV to form shipping co. US bends on shrimp anti-dumping duty stance against India Mega trade missions from 5 nations poised to pour in Seafood exports to EU yield Rs 1,236 cr. in H1 EEPC engineers mega deal at Cairo expo CCT's thrust to be on customer satisfaction, enhancement of facilities & activities Ports discharge 27.43 lakh tonnes of wheat Kandla Port posts 12 pc growth in cargo handling in Nov. NMPT woos Kushalnagar coffee exporters at trade meet

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DECEMBER 5, 2006
LR ready to buy into GL Golden Ocean's 4+4 at Daehan Horizon renews Maersk deals Asia's oil bill rises 133% in 6 years Busan scraps box tax

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DECEMBER 5, 2006
Jurong to build jack-up barge Wartsila researches methanol fuel cells for ships

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Koreans push for an end to Jones Act SOUTH Korean trade negotiators are pushing for the US to rescind the 1920 Jones Act on cabotage trade between US ports in an effort to help South Korean shipbuilders. Teekay Offshore in $169m IPO sell-off INVESTORS are being offered the chance to buy 35% of a new company which will control the world's largest fleet of shuttle tankers through a New York initial public offering sponsored by Teekay Shipping that could raise gross proceeds of $169m. EU and US red tape chokes port capacity, warns CMA CGM chief A SENIOR CMA CGM executive has warned of worsening port and inland transport congestion to come in Europe and the US because of relatively slow decision-making on and execution of new investment projects, writes Andrew Spurrier in Paris.

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DECEMBER 5, 2006
Swift looks beyond European market COPENHAGEN 05 December ' Expansion beyond the traditional North European market may well be in store for Swift Tankers, the new joint venture between Maersk and Teekay GL wins support from Hamburg, LR HAMBURG city state is backing Germanischer Lloyd's independence, while Lloyd's Register has let it be known that it might help by taking a minority stake Teekay Offshore going public TEEKAY Shipping spin-off Teekay Offshore Partners LP has filed registration papers to go public on the New York Stock Exchange Dubai 'to be major maritime hub' STRONG growth experienced by Dubai's maritime sector will soon turn the emirate into an international hub, delegates at the Seatrade conference have been told Attica withdraws from the Baltic GREEK ferry operator Attica has announced its withdrawal from Baltic Sea routes following the sale of its three Superfast ships and the relocation of two ro-ros CSA to aid Carib nations on security SMALLER nations in the Caribbean Basin need help if they are to meet internationally-established security standards and improve customs processes Technology 'key to security, efficiency' Desperate bid to save France Norovirus strikes largest cruise ship Swift decision from Maersk, Teekay Italian insurers challenge injunction Golden Ocean adds Capesize quartet APL teams up to cut air pollution Russia bans rice imports Indonesia bans sand shipments

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DECEMBER 5, 2006
APL vessels testing clean-air technology The ocean carrier will deploy three pollution-reduction technologies for tests on its vessels calling at California ports. Plans for Staten Island harborside speedway scrapped Tacoma port refinances debt Deutsche Post: U.S. DHL breakeven in 2-3 years Offer for Finnlines fails Modern Terminals to spend $1B on Chinese ports Korea truck strike ends Mumbai hikes charges Protest hits Greek ports TT Club to insure against dirty bombs Gateway gets Nehru depot Spieth to head OH Logistics

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DECEMBER 5, 2006
Dalian port to form JV with NYK and China Shipping to build box terminal Dalian Port Company (PDA) has signed a memorandum of understanding with NYK and China Shipping Group to develop container terminal in Dalian. South Korean strikers go back to work The Korean Truckers' Union announced that it had ended the industrial action at 3.00pm (South Korean Time) today. Kerala wants all-party meeting to overcome Vizhinjam impasse Awami League lifts Bangladesh transport blockade Hatsu and Italia Maritima make way for Evergreen brand Shippers say the supply/demand equation means a rate restoration is impossible Toll commits to Brisbane expansion Consultant calls for a holistic approach to container industry forecasts End of an era on the Tasman

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DECEMBER 5, 2006
Canada gets eye in the sky Marine polluters off Canada's East Coast are coming into focus with a new surveillance system. Mobile cuts a check Moving ISC from New Orleans could cost Alabama well over $15m including $4m in direct payouts. Stenersen tanker adrift A Norwegian tanker has broken down off the Hebrides and a UK rescue tug is standing by. UN RoRo adds to series Istanbul-based UN RoRo has ordered two 3,735-lane metre ro-ros at Germany's Flensburg shipyard Oskar Wehr boycott German owner's containership blacked in Hamburg as union looks for ITF agreements. Sovcomflot inks Daewoo pair Russian giant books two suezmaxes at Korean yard in deal thought to be worth around $185m. SK Shipping hungry for more Mooted VLCC quartet order latest in line of moves by South Korean owner to modernise fleet. Top owns up Evangelos Pistiolis's Top Tankers has told its shareholders what TradeWinds told them last week. Finnlines offer spurned Shareholders resoundingly reject Emanuele Grimaldi's takeover bid for Finnish ro-ro specialist. Tata signs with NYK Indian steelmaker and top Japanese line agree to set up 50:50 bulk shipping joint venture. Teekay Offshore files IPO Tanker owner to list up to 35% of shuttle tanker and FPSO unit on the New York Stock Exchange. MISC back at Tsuneishi Malaysian owner's subsidiary AET Inc follows up recent disposals with two-ship aframax order in Japan. Quintana buys Bocimar bulker Belgian owner set to book over $34m on sale of newbuilding which Greek outfit has already fixed out for five years. O-J trial on cards Seven former partners of Norwegian broking firm O-J Libaek & Partners facing legal action from founder. Borgestad misses ships Small net loss in third quarter for former Norwegian owner which sold fleet to Gearbulk in March. Fredriksen behind Daehan deal His bulker outfit, Golden Ocean Group, emerges as owner behind eight ship capesize order. Excel fixes panamax Unnamed European charterer takes Happy Day for up to two years at current market rates.

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DECEMBER 5, 2006
Teekay plans IPO for new spin-off Maersk extends group agreements APL to test emulsified fuel on container vessel NOAA upgrades tsunami detection stations FedEx Ground rates to increase 4.9 percent CWB embarks on $46 million supply chain overhaul BAX sets up Shenzhen hub for Trust International Rep. Oberstar raises possibility of container security fee Strike at Korean ports ends Busan port to eliminate container tax San Pedro ports planning rail upgrade Gdynia terminal takes delivery of post-Panamax cranes Long Beach appoints acting CFO to permanent position

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DECEMBER 5, 2006
Lloyd's Register makes an offer to GL Lloyd's Register has made an offer to buy a minority share in Germanischer Lloyd (GL) to secure the German classification ... Maersk formed tanker company with Teekay A.P. M'ller-M'rsk and the Canadian Teekay Shipping Corporation have formed a new joint venture called Swift Tankers Ltd. The ... Golden Ocean buys capesize contracts John Fredriksen controlled Golden Ocean Group has bought four newbuilding contracts at Daehan Shipbuilding in South Korea at USD 72.25 ...

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DECEMBER 5, 2006
Instant fuel and lubricant analyzer offered to ships New vessel-based oil, additive and fuel analyzer claims to provide instant readings of sulphur content, damaging metals and cat fines. November gains for fuel oil derivatives Bunker fuel oil and freight options showed the largest increases in IMAREX's second best month ever. SkySails ready for commercial operations Beluga Shipping welcomes 'environmental dividend' of fuel-saving equipment. Chemoil IPO attracts three major investors Singapore's Temasek and two US investment firms reported to have singed up for big stakes. Congestion still reported in Rotterdam South Korean bunker supplies back to normal Elsewhere, Hong Kong experiencing terminal congestion and Japan's bonded supplies are squeezed. APL turns to technology to reduce emissions APL to test water-in-fuel emulsification and other modifications aboard a cargo ship to reduce harmful emissions. New player eyes Mumbai bunker market India-based firm ready for bunkering business with new barge but bunker supplies in Mumbai remain suspended.