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Shipping News

Hutchison plans to boost investments in ports
HUTCHISON Whampoa Ltd, the world's biggest port operator, aims to boost its investments in Eastern Europe, the Middle East and other regions as it expands to take advantage of rising demand for sea cargo.
PSA denies buying stake in India venture
PSA International has denied media reports out of India saying its subsidiary PSA Marine had bought a stake in an Indian shipping venture.
Ferry carrying 784 catches fire in Philippines; all safe
A ferry carrying close to 800 passengers and crew caught fire yesterday while sailing in the central Philippines, but no injuries were immediately reported, a spokesman for the ship's owner said.
US House panel votes overwhelmingly to block Dubai ports deal

Admiralty Casebook

Equipment on survey ship not goods: court
THE admiralty jurisdiction of the Singapore High Court is confined to goods carried on a ship as cargo or as passengers' baggage and not to other goods on a ship, the High Court has concluded following established English precedents.

Port Shots

PORT SHOTS
INMARSAT Holdings Ltd, whose satellites provide communications for commercial cargo vessels, government patrol boats and round-the-world yachts, said its full-year profit more than tripled as demand for its services increased.

web site

Shipping News

Hutchison plans to boost investments in ports
HUTCHISON Whampoa Ltd, the world's biggest port operator, aims to boost its investments in Eastern Europe, the Middle East and other regions as it expands to take advantage of rising demand for sea cargo.
PSA denies buying stake in India venture
PSA International has denied media reports out of India saying its subsidiary PSA Marine had bought a stake in an Indian shipping venture.
Ferry carrying 784 catches fire in Philippines; all safe
A ferry carrying close to 800 passengers and crew caught fire yesterday while sailing in the central Philippines, but no injuries were immediately reported, a spokesman for the ship's owner said.
US House panel votes overwhelmingly to block Dubai ports deal

Admiralty Casebook

Equipment on survey ship not goods: court
THE admiralty jurisdiction of the Singapore High Court is confined to goods carried on a ship as cargo or as passengers' baggage and not to other goods on a ship, the High Court has concluded following established English precedents.

Port Shots

PORT SHOTS
INMARSAT Holdings Ltd, whose satellites provide communications for commercial cargo vessels, government patrol boats and round-the-world yachts, said its full-year profit more than tripled as demand for its services increased.

web site

Shipping News

Hutchison plans to boost investments in ports
HUTCHISON Whampoa Ltd, the world's biggest port operator, aims to boost its investments in Eastern Europe, the Middle East and other regions as it expands to take advantage of rising demand for sea cargo.
PSA denies buying stake in India venture
PSA International has denied media reports out of India saying its subsidiary PSA Marine had bought a stake in an Indian shipping venture.
Ferry carrying 784 catches fire in Philippines; all safe
A ferry carrying close to 800 passengers and crew caught fire yesterday while sailing in the central Philippines, but no injuries were immediately reported, a spokesman for the ship's owner said.
US House panel votes overwhelmingly to block Dubai ports deal

Admiralty Casebook

Equipment on survey ship not goods: court
THE admiralty jurisdiction of the Singapore High Court is confined to goods carried on a ship as cargo or as passengers' baggage and not to other goods on a ship, the High Court has concluded following established English precedents.

Port Shots

PORT SHOTS
INMARSAT Holdings Ltd, whose satellites provide communications for commercial cargo vessels, government patrol boats and round-the-world yachts, said its full-year profit more than tripled as demand for its services increased.

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US House of Representative committee votes against DP World deal Matson offers China-US box service Hanjin to launch Asia-Med service Toll buys `controlling stake' in Semblog Leading US transport players warn against blocking P&O Ports deal US to resume importation of Indian mangoes Cathay's latest profit down HK$1bn on 2004 FedEx enhances online shipping tools for customers Leadership changes made at Lufthansa Cargo

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IRI official sounds note of caution against disregarding safety, environmental rules Chinese demand keeps freight rates firm Bhutan's envoy stresses need to strengthen rail links for better trade Malaysian co. ready to offer port knowhow PLL negotiating with Australian co. for LNG PTA with Chile to boost trade volumes Trade with Uzbekistan set to boom Russia's multi-billion dollar companies keen to invest in Indian steel, aluminium projects India can overtake China in trade with US-WTC official US agency sees scope for huge investment in India's port & transport projects Plea to extend subsidy scheme to pepper exports Halifax port authorities hold out hope of new relationship with Indian maritime & ex-im trade CCS to decide on allowing HPH entry in bidding arena Transport sector among top FDI drawers More time for service tax payment under study

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MARCH 9, 2006
Personnel changes at Lufthansa Cargo New domestic ro-ro service from Augusta to Ravenna Emirates introduces second daily flight to Düsseldorf Gottwald crane for Emmerich Via MAT is NOT Mat Transport Ltd

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MARCH 9, 2006
Frontline sells VLCC, buys FPSO candidate EC formally withdraws ports services proposal IRI warns seafarers on increasing criminalisation New MOL Montreal service Liberia adds 500 ships since 2000 Bocimar buys 3 capesizes Republicans try to block DP World

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MARCH 9, 2006
DP World to turn U.S. operations over to "U.S. entity" Alion buys Incat Design assets Samsung Heavy books $550 million drillship order Hopes of saving DP World deal rest in Senate Aker Kvaerner to supply arctic bow loading systems Keppel FELS gets more jackup orders

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MARCH 9, 2006
Portland airport businesses win honors in industry poll Pakistan eyes membership in container security program New exclusion devices fail to deter sea lion Hurricanes hit totals for North America cruise traffic Overseas Shipholding inks deal to charter two product/chemical vessels

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Ladyman unveils plans to make e-navigation a global reality THE UK government announced yesterday a new strategy on automatic identification systems as a key building block towards the development of e-navigation. PSA Marine denies talk of India energy shipping stake buy REVELATION and denial yesterday marked the issue of whether Singapore has bought into an Indian energy shipping venture. Merrill Lynch in Sempra LNG deal Powerful investment bank Merrill Lynch is buying liquefied natural gas import capacity in the US Gulf from Sempra Energy. V.Ships dives in to buy UMC V.SHIPS has added another marine services company to its growing portfolio with the acquisition of underwater engineering specialist UMC International for an undisclosed price.

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MARCH 9, 2006
Vessel sinks in East Med storm A Maltese-flagged ship has sunk and at least one crew member is missing in some of the worst weather seen in the eastern Mediterranean this year Mittal eyes more shipping capacity MITTAL Steel's shipping division, Ispat Shipping, is looking to expand its capacity in line with the rapidly rising volume of commodity movements Argentine beef ban dismays exporters ARGENTINA'S meat industry has expressed its dismay over yesterday's government decision to ban beef exports for 180 days Crew extinguishes ferry fire A blaze that broke out on the Philippine ferry Superferry 12 today was extinguished by the ship's crew Retailers warn of DPW fallout Carnival buys R Eight/Minerva II Dover unveils '200M master plan Strong 2005 at Alcoma Central Management shake-up at Pertamina Shippers seek dialogue with lines Landslide vote to kill DPW deal

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MARCH 9, 2006
DP World to transfer control of P&O hubs As the P&O deal faces certain defeat in Congress, the Dubai company said it will transfer control of operations at 21 ports to U.S. 'entity.' U.S. trade deficit record Judge won't end PNCT lease Fast track for transport ID card Bill would require box scans Cleaner trucks key to growth at LA-Long Beach Hanjin adds Asia-Med service Decision near on operator of $1.2B German box port Safmarine expands Safari UK's Menzies group acquires U.S. air-cargo firm

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MARCH 9, 2006
UPDATED:Retailers see no short-term port congestion, but keep watch over capacity The National Retail Federation are confident port congestion won't erupt suddenly over the next half-year, but are remaining vigilant about capacity, and about political 'grandstanding' which could threaten supply chains. Melbourne dredging at least two years away The supplementary environmental effects study on Melbourne's channel-deepening project will not be completed until end-2006, meaning dredging is effectively delayed another two years, according to Port of Melbourne Corporation today. ANL to plug AAX gap APMT Rotterdam workers keep up half-shift stoppages UK to set sails of e-navigation strategy Shippers and shipping intermediaries cross swords in India HKY partners to swap more Asia-Med service space

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MARCH 9, 2006
Dubai throws in towel Dubai-owned DP World will sell P&O's US terminal leases to US citizens. Private equity buyers are said to be on the move. OMI shakes up fleet Robert Bugbee-led tanker owner OMI is announcing a series of sales and charters, some unreported. Dubai compromise 'DOA' DP World is offering to put US port operations in domestic hands. But the bid to end the US political dispute may be stillborn unless it involves a sale. Courage adds handymax Taiwanese-controlled operator picks up ex-Franser Shipping bulker to lift fleet to eleven ships. Buy rating for KG house German media are headlining Harald Christ's long-announced plan to reduce ships as a share of HCI Capital's KG investments. LNG sand problem denied ConocoPhillips is denying reports of sand contamination in an NYK ship calling at a new LNG field. R8 gets switched Carnival is switching the Minerva II (ex-R8) to its Princess Cruise division next year to add to the Princess stable of ex-Renaissance steel. Skuld sets up in Moscow Oslo based protection and indemnity club become the first to open an office in eastern Europe. New CFO at Diana Simeon Palios has given Konstantinos Koutsomitopoulos a new position and hired a fresh CFO for his stocklisted bulker company. Cruise laws challenged US subcommittee hears allegations that Irish girl died after buying alcohol on board a Costa vessel. Wilson fleet nudges 100 Bergen owner buys two more mini bulkers on charter since 1998. CSDC eyes second-hand deal Chinese tanker owner lines up purchase of VLCC for $105m. Stolt builds in China Products tanker player to construct own terminal in Tianjin for an initial cost of $75m. MOL calls on Canada Japanese boxship giant makes direct debut in Montreal with weekly service. Golden Ocean makes bulk profit Belgian dry bulk operator snaps up two capesize newbuildings from Golden Ocean. Bocimar bonanza Belgian dry bulk operator continues to expand with the purchase of another capesize from Teh-Hu. New funds for Blasco Remnant of once-great Ukrainian owner plots fleet expansion comeback. It's life but not as we know it Shipbuilder DSME announces $800m investment in Nigeria as firm branches out into oil exploration. Brazil closes on PDVSA deal Yard officials to meet with Venezuelan president Hugo Chavez to bid for huge 36-ship tanker newbuilding order. Premuda ties up FPSO Italian owner buys out partner to take full ownership of ENI-chartered tanker. Back in business GulfMark puts 2004's losses to one side as it posts huge increase in operating profits. Smit fit Hurricane season keeps Smit busy in 2005 as company announces strong annual returns. Stena digs deep at Samsung Swedish owner orders Korea's most expensive ship - a drilling vessel ' at Samsung. Setback for DP World A US House of Representatives committee votes overwhelmingly to block takeover of ports. Swire upbeat Hong Kong group's shipowning and ship management divisions piled on profit in 2005.

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MARCH 9, 2006
Hanjin to join Yang Ming, "K" Line's new Asia/Med loop Iranian carrier orders 6,500-TEU ships from Hanjin Heavy Industries Boeing predicts $770 billion investment from Asia-Pacific airlines Cathay Pacific's profits down 25% in 2005 Lauer named interim Lufthansa Cargo chairman UPS to retrofit computerized display system into planes Menzies Aviation to acquire air cargo handler Aeroground Etihad Crystal Cargo joins Cargo 2000 SAS Cargo appoints Busk CFO UP spends $32 million on Missouri track improvements Kuwaiti logistics firm escapes U.S. security concerns Portman, Australian trade minister review trade agreement U.S. to start free trade talks with Malaysia Former CBP official joins L-3 Paul Arpin Van Lines changes name Econocaribe launches Newark/Ecuador service FMC reviews 21 OTI license applications House tries to knock out port sale Schumer, King pounce on DP World statements Pakistan joins CSI Copenhagen Malmo port names Maskell chairman

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MARCH 9, 2006
Tallink sells vessel AS Tallink Grupp has sold its fast ferry "Tallink Autoexpress" to Compania Transmediterranea for an undisclosed price. The vessel will ... Oil spill in Bay of Finland A helicopter from the Estonian border guard service has localised an oil spill at Vaindlo, near the position where "Runner ... Lillgaard sells old work horse Rederi AB Lillgaard in Mariehamn has sold the 1,596-DWT dry cargo vessel "Lillgaard" to Egypt. Renamed "Joy 5", the ...

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MARCH 9, 2006
SMP: New lubricant designed to manage effects of oil stress Shell Marine Products has recently launched a new range of lubricant designed for medium speed diesel engines burning heavy fuel oil. Bominflot UK to relocate in April Premier Marine Fuels and Eximius form joint venture Cooperation expected to add value for both firms' existing clients. Cold ironing 'cost effective' for California Air Resources Board inviting comments on draft report, analysing shore power costs and benefits. Rotterdam market quiet after further bear mauling Aegean boosts Caribbean service New barge for northern Jamaican ports. Singapore: Residual fuels fall to eight-week low Japan: February retroactive bunker price higher on month NYK will pay the highest price ever to Nippon Oil Corp for its February bunker fuel bill. OPEC maintains output at 28 million bpd High oil prices led to the latest decision by OPEC, while the next meeting will be held on June 1.