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Shipping News

P&O's Miami partner blocked from UK appeal
A UK appeals court refused to review the recent approval of DP World's US$6.8 billion acquisition of Britain's Peninsular & Oriental Steam Navigation Co.
Be prepared for maritime pollution, region urged
THERE is an urgent need for regional response plans to deal with the growing risk of pollution as a result of the increasing quantities of petrochemicals being shipped, a conference hosted by the Maritime & Port Authority of Singapore was told yesterday.
Nod for India's Shipping Corp's Panama venture
INDIA's cabinet has approved a plan by state-owned Shipping Corp of India Ltd, the nation's biggest freight company, to form a joint venture with three Japanese companies in Panama.

Strait Talk

Some (Ever) green questions
NOBODY who has been involved in shipping over the past two or three decades will be unaware of the way environmental issues have moved from being of marginal concern to taking centre stage.

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Shipping News

P&O's Miami partner blocked from UK appeal
A UK appeals court refused to review the recent approval of DP World's US$6.8 billion acquisition of Britain's Peninsular & Oriental Steam Navigation Co.
Be prepared for maritime pollution, region urged
THERE is an urgent need for regional response plans to deal with the growing risk of pollution as a result of the increasing quantities of petrochemicals being shipped, a conference hosted by the Maritime & Port Authority of Singapore was told yesterday.
Nod for India's Shipping Corp's Panama venture
INDIA's cabinet has approved a plan by state-owned Shipping Corp of India Ltd, the nation's biggest freight company, to form a joint venture with three Japanese companies in Panama.

Strait Talk

Some (Ever) green questions
NOBODY who has been involved in shipping over the past two or three decades will be unaware of the way environmental issues have moved from being of marginal concern to taking centre stage.

	web site

British Court of Appeal approves P&O sale Shipping Gazette analyses profitability measures OOCL opens New Zealand office Call for industry players to meet regularly in post-conference world Evergreen America resumes rail service to Katrina-battered areas Port of Virginia volumes get off to flying start in 2006 TIACA AGM draws leading Chinese freight forwarders Delta Air Lines reports net loss of US$300m in January Barthco eyes offering direct service from Chongqing to West BAX to provide transportation for Italy's Finmeccanica

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Equitable tax regime for seafarers need of the hour, stresses INSA President Orders for supertankers worth over $ 1 bn placed in Feb. 2006 alone Shipping Ministry recommends exemption of service tax for shipyards Exporters want exemption from service tax Oilmeal exports reach 7-year high Chennai Port conducts mock hijack drama Mumbai Port achieves highest-ever throughput BTP jetty at Cochin Port to be widened GK Granites sets new record in loading cobblestones at Chennai Port GDL holding talks to acquire CFS near JN Port Budget may be passed this month itself Budget does not give impetus to 10 pc industrial growth, emphasise speakers at AIAI meet

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MARCH 7, 2006
Schier, Otten & Co: Franz Six retired Arkas builds a special port for the automotive sector Emirates expands intercontinental network Menlo Worldwide launches new Malaysia entity

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MARCH 7, 2006
Elmer fails in court appeal bid Indian government "should do more" to promote Indian seafarers Going green, by Evergreen Salvors recover more pollutants MacGregor recalls fully automatic twistlocks

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MARCH 7, 2006
Wartsila power for Celebrity Cruises post-Panamax $7.28 million MSC contract for Detyens Court move to block DP World deal fails TMM buys out Seacor interest in Marmex More orders for Conrad Industries Lockheed Martin launches SLICE crew boat

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MARCH 7, 2006
Mitropoulos seeks radical thinkers "EVERYONE wants more for less," said IMO secretary-general Efthimios Mitropoulos at the opening session of the World Maritime Technology Conference yesterday, but he questioned "whether the ultimate consequences of such an approach have really been thought through." IMO will act on al-Salam findings IMO will act swiftly if the al-Salam Boccaccio 98 investigation reveals "areas where remedial action in the international regulatory regime might be required." Baltic Exchange independence assured BALTIC Exchange shareholders backed the company's directors at an EGM today and moved to ensure the long-term independence of the company. Repair boost for Northwestern UK-based Northwestern Shiprepairers & Shipbuilders has agreed a 15-year lease on the former Cammell Laird north yard. Tirrenia execs told to stop phoning home German fleet surpasses 50Mgt NOL records box volume dip Pacific rate decline evidence clearer NZ to probe ferry's stormy crossing Dominant China eyes export growth Chang calls for green commitment Daewoo names new chief exec Japanese may claim LNG damages Congressman seeks DPW split

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MARCH 7, 2006
Congestion could crush U.S. ports by 2010 Recent operational improvements should keep congestion at bay for the next few years, but the U.S. port and intermodal networks could be overwhelmed with cargo by 2010. Amid DP World fight, April vote on port security NY-NJ port tests container tracking Cement pact for Mexico, U.S. Gypsy moth-infested ships to get U.S. boot Feb. rail carloads fall Indy adds Cargolux flight Menlo opens Malaysia unit BDP acquires Brazil JV SAS revenue improves

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MARCH 7, 2006
Pacific rates head south as shippers don't buy carriers' blarney Shippers are expecting transpacific rates to fall by between 5% and 15%, according to Paul Svindland, Director of Transportation and Logistics at ICG Commerce. US industry experts slam political debate over P&O sale Port security remains a US issue, but while the general population fears an Arab take-over of P&O-operated terminals, industry professionals are more concerned about total supply-chain security. Indonesia's truckers set deadline for VAT abolition Management equipment fees in China prompt another court case Tug-team effort to boost UK port competitiveness MOL sees infrastructure bottlenecks hindering growth in India Indian regulator issues 'show cause' notice to P&O Ports South Korea arrests two smugglers Dalian Jifa Bohai-Rim launch China-Japan service Hakata orders two yard container cranes

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MARCH 7, 2006
Teco Transport doubles Florida's Teco Energy reports double its annual net income at barge and bulker unit Teco Transport. Van den Abeele gears down Managing director Philippe van den Abeele is taking a pit stop from London's Clarkson Securities. Shipping swells Seaboard AMEX-listed conglomerate Seaboard Corp is counting its tax millions and the still-growing profits of its shipping segments. Salvage recoveries rise Equivalent of 20 Exxon Valdez spills removed from oceans in 2005 by International Salvage Union members. Banker turns broker Martin Welsh quits ship finance to become insurance broker with Aon offshoot. Pong Su to sue North Korean owner fights to save vessel and recover earnings after officers acquitted of heroin smuggling in Australia. Baltic blocks takeovers Shareholders agree to prevent companies from acquiring more than 10% of votes to deter hostile approaches. OSG takes two US listed tanker company charters two Cido ships on order at Hyundai Mipo. Celebrity status for Wartsila Finnish giant books order for four green engines for Celebrity vessel. Petronet looks overseas Indian gas importer to set up offshore subsidiary to haul gas to Kochi terminal. White-Sea sells four Russian owner disposes of cargoships to compatriot Pallada and Cyprus-based subsidiary. PZM in for Gdansk? Polish bulker owner tipped to take over historic Stozcnia Gdynia yard subsidiary. Eagle fails to soar Handymax operator's stock drops as it delivers lower than expected result. TMM takes five Mexican operator increases stake in Seacor joint venture Marmex. Nam nabs top job at Daewoo Shipbuilding group's VP Nam Sang Tae appointed chief executive officer, replacing Jung Sung-Leep (left). TTA sells again Another disposal for Thai owner trying to lower age profile of its fleet. Keppel inks FPSO deals Singapore yard to convert VLCC and suezmax tankers into floating production units for Prosafe. APL opens in Portugal Singapore box line replaces agents MacAndrews with its own operation in Lisbon. Pacific Sky stalls off Malaysia P&O Cruises ship stuck in piracy prone Malacca Strait after problems with starboard engine. Eller appeal rejected DP World gets green light from London Court of Appeal to proceed with P&O takeover.

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MARCH 7, 2006
WSC backs EC's customs security plans, asks for amendments Tripartite Shippers' Group urges dialogue in "post-conference world" Drewry Shipping reports double-digit drops in Asian freight rates MOL to start Montreal service APL's container traffic, revenue down 2% OOCL opens New Zealand subsidiary Senators seek upgrades for CSI, C-TPAT U.S. enters agreement with Mexico on cement imports Corn syrup shippers welcome WTO appellate ruling against Mexican tax BDP acquires full ownership of Brazil operations CBP signs security agreement with Peru Zim offers support to DP World Florida DOT reveals plans for Miami port tunnel

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MARCH 7, 2006
Four shipping companies relinquished to tender for contract AB Gotland and three other shipping companies had the opportunity to tender for contract of the traffic between Gotland and ... Songa buys "Stena Dee" Songa Offshore has bought the Stena Drilling-controlled semi-submersible drilling rig "Stena Dee" for USD 270 million, subject inspection ... Maersk and Hyundai settles dispute A.P. Møller-Mærsk and the Korean shipyard group Hyundai Heavy Industries have settled the dispute on the construction and building ...

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MARCH 7, 2006
Infineum signs up North American distributor Company to distribute additive packages in US and Canada, including a range of marine additives. Fuel costs hit Chilean shipowner CSAV posting a third less profit, blaming bunker prices and falling freight rates. Greek supplier announces new sales director DNVPS steps into bunker quantity measurement debate IBIA statement regarding bunker quantity verification draws response from fuel testing and quantity survey firm. Rotterdam looking stable despite crude movements Hong Kong attracts bunker volumes on softer prices Good supply of bunkers have also supported prompt delivery dates. Singapore: BP extends fuel oil buying spree BP's purchase volume totaled 230,000 mt of 180 cst since start of March. New tanker to boost IFO supply off West Africa O.W. Bunker says new vessel will vastly improve its IFO supply in the region, and offer better economics.