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Shipping News

Competition body invites feedback on shipping plan
THE newly formed Competition Commission of Singapore released details of its contentious anti-trust immunity for the liner shipping industry yesterday, kicking off three weeks of public consultation on its proposed exemption.
NTU launches scholarship for Masters programme
THE Nanyang Technological University is launching a scholarship for its Masters in Science programme, bequeathed by Neptune Orient Lines in memory of its founding managing director, MJ Sayeed.
29 Indonesians missing after boat capsizes
TWENTY-nine Indonesians are missing and feared dead after a freight boat laden with cows capsized in heavy seas off Indonesia's West Timor last weekend, a survivor and official said yesterday.

Admiralty Casebook

Carrier faulted for not stowing cargo safely
THE dangers of carrying calcium hypochlorite by sea was highlighted last month.

Port Shots

Port Shots
NORWEGIAN shipping group Stolt-Nielsen posted yesterday a bigger-than-expected drop in first-quarter net earnings but said the fundamentals of its main business remained positive.

web site

Shipping News

Competition body invites feedback on shipping plan
THE newly formed Competition Commission of Singapore released details of its contentious anti-trust immunity for the liner shipping industry yesterday, kicking off three weeks of public consultation on its proposed exemption.
NTU launches scholarship for Masters programme
THE Nanyang Technological University is launching a scholarship for its Masters in Science programme, bequeathed by Neptune Orient Lines in memory of its founding managing director, MJ Sayeed.
29 Indonesians missing after boat capsizes
TWENTY-nine Indonesians are missing and feared dead after a freight boat laden with cows capsized in heavy seas off Indonesia's West Timor last weekend, a survivor and official said yesterday.

Admiralty Casebook

Carrier faulted for not stowing cargo safely
THE dangers of carrying calcium hypochlorite by sea was highlighted last month.

Port Shots

Port Shots
NORWEGIAN shipping group Stolt-Nielsen posted yesterday a bigger-than-expected drop in first-quarter net earnings but said the fundamentals of its main business remained positive.

web site

Shipping News

Competition body invites feedback on shipping plan
THE newly formed Competition Commission of Singapore released details of its contentious anti-trust immunity for the liner shipping industry yesterday, kicking off three weeks of public consultation on its proposed exemption.
NTU launches scholarship for Masters programme
THE Nanyang Technological University is launching a scholarship for its Masters in Science programme, bequeathed by Neptune Orient Lines in memory of its founding managing director, MJ Sayeed.
29 Indonesians missing after boat capsizes
TWENTY-nine Indonesians are missing and feared dead after a freight boat laden with cows capsized in heavy seas off Indonesia's West Timor last weekend, a survivor and official said yesterday.

Admiralty Casebook

Carrier faulted for not stowing cargo safely
THE dangers of carrying calcium hypochlorite by sea was highlighted last month.

Port Shots

Port Shots
NORWEGIAN shipping group Stolt-Nielsen posted yesterday a bigger-than-expected drop in first-quarter net earnings but said the fundamentals of its main business remained positive.

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MOL to launch Asia-East Africa service Lines raise freight rates by US$200 per TEU this month MOL Initiative towed to Japanese port following fire AP Moller Maersk vows to honour existing PONL port contracts Panama Canal to be widened at a cost of US$7.5b HPH signs co-operation contract with Huizhou port NYK sets up new logistics unit Evergreen offers special web site services for China, HK markets Air India, Indian Airlines to merge World Air Holdings to launch share repurchase scheme Delta begins welcoming Song's 757 fleet into mainline system

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CSCL vessel makes inaugural call at Nhava Sheva under AMA service Evergreen honoured for corporate social responsibility TSA members hike fuel surcharge; switch to monthly levy adjustments A.P. Moller-Maersk newbuilding named Georg Maersk Forex reserves swell by $ 2.5 bn SEZ units can sell used garments in DTA sans licence 2005-06 figures may reveal textile exports touching $ 15 bn S. Africa orders wool products worth Rs 15 cr. Vegetable oil base import tariff cut Extremadura of Spain invites investors, signs MoU with IMC Bhagwati stays President of IVCCI, Rangaraj elected Vice-President First IAPH mid-term board meeting in India JNP continues to set new benchmarks & operational standards Baalu to inaugurate IAPH board meeting Kandla Port achieves record 10.5 pc growth in throughput during 2005-06 Major Ports post 10.3 pc growth in cargo handling in 2005-06 Mormugao Port's MOHP establishes 8 new records in 2005-06 Markfed launches warehousing facilities for wheat WIS to build multi-utility vessel for Adani Group

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APRIL 6, 2006
Portek and Messina forge alliance on port services Seur increased revenues in 2005

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APRIL 6, 2006
IMO head speaks out on Bahrain tragedy IRI president calls for multilateral approach ITIC warns on territorial exclusions New bid to "kill Cape Cod wind project" Canada gives IMO US$431,000 for security work

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APRIL 6, 2006
Washington State Ferries plans major expansion Aker Kvaerner to supply SSP drilling package Donjon-SMIT opens office in Alexandria

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APRIL 6, 2006
Twenty-two Chinese nationals smuggled into Seattle in container Port of Seattle nets EPA honor for clean air excellence Coast Guard honors men for life jacket giveaway Shipping lines working together brings increase in ship calls to Everett Canada sends grant funds to IMO security program

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Lloyd's weathers worst of hurricanes LLOYD'S has won praise from industry experts for keeping its overall loss to a relatively small £103m ($180m) last year despite a record net £3.3bn of hurricane claims. With another severe Atlantic storm season predicted. Weber and Compass forge Greek link TWO leading US shipbroking houses, Charles R Weber Co and Compass Maritime Services, have joined forces to launch a new shipbrokerage in Greece. Omega IPO targets dual listing LATEST Greek public flotation candidate Omega Navigation Enterprises has filed a prospectus in Singapore as well as in the US for its proposed $220m initial offering to fund the purchase of several tankers, writes Nigel Lowry in Athens. Takeover talk helps lift Global Oceanic Carriers' share price by 18% Global Oceanic Carriers, the dry bulk shipping company which has taken a beating on London's Alternative Investment Market, could become the target of a takeover bid, writes Tony Gray. Newcomer S5 scoops Qatar LNG agency deal GLOBAL ship agency newcomer S5 Agency World has beaten off stiff competition from established rivals to land a prestigious contract supporting Qatar's fast-growing liquefied natural gas trade.

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APRIL 6, 2006
Stolt counts legal costs STOLT-Nielsen was hit by $9M in legal expenses during its first quarter after revealing an additional $13.8M charge to Q405 results earlier this week, primarily stemming from anti-trust provisions Asry to benefit from slipways BAHRAIN-based Arab Shipbuilding and Repair Yard (Asry) is to add two more slipways to boost the efficiency of region's leading ship repairing facility IRI head urges 'concerted action' INCREASING pressure on shipowners "can only be solved by a concerted multilateral effort by the whole industry,' said Bill Gallagher, president of IRI MARAD pushes short sea A WEBSITE to promote short sea shipping has been launched by the US Maritime Administration PNSC to add three more vessels PAKISTAN national flag carrier PNSC is to acquire three second-hand vessels, including two more tankers, as part of its fleet expansion plan NITC thrives on oil products trade THE National Iranian Tanker Co (NITC) has earned $1Bn in the country's old products trade during the last financial year, which closed on 20 March Shipbuilding grows in Qidong India sets up new US service Phils shipping pioneer dies Ocean Carriers cleared for Oslo trading Anti-trust cloud over Color Line Caribbean drill concludes with high marks Seattle stowaways raise security fears Record fine ordered against record polluter

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APRIL 6, 2006
Delays for some Panama Canal vessels Unusually high number of arriving vessels delays waterway transit by five days for ships without reservations. Ports cheer legislation to increase security funding Va. terminal plan moves ahead Matson weathers Hawaii rains CMA CGM revenue to rise 25% Maersk to honor P&O Nedlloyd's deal with PSA UPS China revenue grew 50% China airline to open Boston freighter service NYK Logistics Americas completes brand consolidation Harrington to regional manager of Columbia Group

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APRIL 6, 2006
Saadé warns on consolidation, calling for diversity Consolidation is a danger for both small and large-scale shipping lines, and some balance must also be maintained between European and Asian ownership, CMA CGM's Jacques Saadé suggested yesterday. NOL mulls vessel sale and leaseback deal APL's parent, Neptune Orient Lines, is looking at the possibility of selling then leasing back its fleet through a listed shipping investment trust. Duisport sees containers Staake up to new record Pakistan opens up Indian Ocean access to China Riga's BCT to lose second intra-European service in four months Geest reorganise Baltic services on new hubs Halifax terminal orders super-post panamax cranes South China's Nansha aims to double throughput Indonesia's importers boycott Australian products Delmas president to head Armateurs de France

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APRIL 6, 2006
Stolt share sags Investors punished chemical tanker major Stolt-Nielsen today for weaker than expected earnings and a still-clouded legal horizon. A new strategy for a new company Growth is the name of the game after today's dividend halt, says Top Tankers chief. Wilson buys again Wilson of Norway shows appetite for tonnage with purchase of Icelandic outfit Nesskip. US out of North Korea now! The US Treasury Department is giving US shipowners 30 days to shed the North Korean flag. Vinnen signs with ITF German owner agrees to union deal after 24-hour Bremerhaven boycott of containership. Norden sale ups profit forecast Quick profit on bulker sale sees Norden push earnings forecast up for 2006. Maersk Line launches IA2 Danish boxship giant links Thailand and Japan with new intra-Asia service. Top shares wobble After initial firmness, stock slides on tanker owner's decision to cease regular dividends. Tanker explodes at Kaliningrad Blaze extinguished after seven hours on products carrier at Yantar shipyard, but one man critical and fuel has leaked. Lawsuit No. 8 for SeaCon Raft of 'ambulance chasers' emerges to hunt troubled UK ferry and rail outfit. Change of control for GO? Greek bulker owner considering takeover offers as it secures another charter deal. Dalian to list in Hong Kong? Hong Kong proves a popular port of call for Chinese companies looking to list. Japan concerned by piracy Indonesia appears on the piracy radar again with an attack on a Japanese bulker. Tallink begins new Baltic route Estonian ferry operator launches Fantaasia between Riga and Stockholm. Wilson nets another Norwegian owner Wilson has forked out EUR 3.25m for a bulker from Hanseatic of Germany. Norbye on the move Bergshav CFO makes new career move with appointment at Fredriksen baby, Deep Sea Supply. NOL mulls sale-leaseback World's sixth-largest boxship line may sell all to free up cash flow through Singaporean investment trust. Trio for Anders Utkilens Norwegian owner starts fleet renewal with three chemical tanker newbuildings in Italy. Volstad back at Aker Norwegian owner orders third supply ship at Aker Brattvaag for 2008 delivery. Mowinckels nets Esso charter Mowinckels Rederi of Norway secures employment for a tanker newbuilding with oil major Esso. Singh gets two months Chief engineer of 2,394-teu MSC Elena (built 1994) sentenced over illegal dumping of oily sludge.

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APRIL 6, 2006
CMA CGM's 2005 profits up 13% CMA CGM to start own Asia to India, Middle East loop OFAC prohibits U.S. ties to North Korean-flagged vessels Air India-Indian Airlines merger gets go-ahead Volga-Dnepr Group's revenue up 54% BA's cargo up 3.5% in March United's March cargo volumes up 1.7% Triton Container up for sale China logistics market blossoming, say trade experts USTR promotes U.S.-Oman free trade on Capitol Hill NYK establishes Logistics Integrator Group Retailer Children's Place to use Management Dynamics USDA on the trail of the snail Aires modifies brand name Manufacturers group wants more LNG terminals built Grindrod buys into Port of Maputo

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APRIL 6, 2006
Sharp increase in container volumes when Samskip chooses Helsingborg Icelandic Samskip has decided to make Helsingborg the hub for its Scandinavia services. This could lead to a 60 per ... Utkilen orders three chemical tankers Bergen-based Anders Utkilens Rederi has ordered three 9,500 DWT chemical tankers at the Cantiere Navale De Poli yard in ... Review of Norway's maritime fee system The Norwegian Coastal Administration (Kystverket) has begun a survey of all of Norway's maritime dues and fees with the view ...

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APRIL 6, 2006
EPA rewards Port of Los Angeles Port recipient of award for cold ironing project, planning new terminal. Quality and availability main concerns for Asian shipping BP Marine event highlights quality and availability of low sulphur products as major concerns, while lubricant issues are also high on agenda. Chemoil unveils plans for public offering IPO plans announced at ARACON2006 as the next logical step for international marine fuel supplier as it celebrates 25 years Scrubber development beats regulations in environmental stakes MES President Peter Toombs tells Bunkerworld its scrubber provides SOx emission reductions exceeding SECA demands, and looks promising in meeting future regulations. Rotterdam market firm at midday Singapore: Middle distillate stocks at 19-week high Both onshore stocks of residual fuels and middle distillates rose in the week ended April 5. Singapore: Oil trading hub faces competition Refinery developments in the Asian region poised to undercut activities in Singapore's oil trading market. Hong Kong: MGO prices nearing $600 pmt MGO prices expected to firm further while supplies of 380 cst under slight squeeze. Crude prices rise, US stockpiles fall Drop in US stockpiles of gasoline and distillates; OPEC March output lowest this year.