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PSA, Hutchison eyeing Indon port project: reports
INDONESIA's 6.5 trillion rupiah Bojonegara container port could be back on track to being the country's foremost container port, after PSA International and Hutchison Port Holdings both expressed interest in the project.
Mitsui sees rosy future for ocean shipping
CONTINUING globalisation and expanding worldwide trade will create tremendous opportunities for long-term growth of ocean shipping, according to the head of one of the world's oldest shipping companies.
Xiamen Int'l IPO swells by 15% to meet demand
XIAMEN International Port Co, which manages China's seventh-busiest container port, has raised the size of its Dec 19 initial public offer by 15 per cent to HK$1.36 billion to meet investor demand.
NY ferry pilot jailed for 18 mths over fatal crash

Strait Talk

Lessons from the Bow Mariner
THE challenges of running a ship register, as Singapore does very successfully, were underlined by an official investigation in the US and that came into the public domain last week.

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Shipping News

PSA, Hutchison eyeing Indon port project: reports
INDONESIA's 6.5 trillion rupiah Bojonegara container port could be back on track to being the country's foremost container port, after PSA International and Hutchison Port Holdings both expressed interest in the project.
Mitsui sees rosy future for ocean shipping
CONTINUING globalisation and expanding worldwide trade will create tremendous opportunities for long-term growth of ocean shipping, according to the head of one of the world's oldest shipping companies.
Xiamen Int'l IPO swells by 15% to meet demand
XIAMEN International Port Co, which manages China's seventh-busiest container port, has raised the size of its Dec 19 initial public offer by 15 per cent to HK$1.36 billion to meet investor demand.
NY ferry pilot jailed for 18 mths over fatal crash

Strait Talk

Lessons from the Bow Mariner
THE challenges of running a ship register, as Singapore does very successfully, were underlined by an official investigation in the US and that came into the public domain last week.

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DP World's bid for P&O may be settled soon, reports say HK textile exports to EU subject to new rules this spring Norwegian tanker magnate interested in Korean shipping line Cosco Shipping delivers 3 jumbo cranes for ZPMC Governator to tackle California port infrastructure, air pollution GAC opens Bangalore office Qantas resumes service to Beijing Boeing's rating downgraded March opening in Singapore for Asia's 1st budget air terminal

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JANUARY 10, 2006
New general manager for Airlinecenter Switzerland Asian lines to restructure new North Asia to Australia loops Cargolux launches direct services to Beijing and Xiamen SBB Cargo expands services in Italy Panalpina: CEO Sidler resignation not voluntary?

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JANUARY 10, 2006
Tidewater ups earnings estimate Staten Island Ferry case sentences Carnival Glory drydocks at Newport News

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Bligh quits MCA with parting shot at 'alarmists' BRITAIN'S Maritime and Coastguard Agency chief executive Stephen Bligh has quit his job by mutual consent, using his farewell letter to colleagues to launch a stinging counter-attack against his many critics. Singapore reveals its hand to trump DP World offer for P&O The long-awaited bid approach by Singapore's PSA International for rival ports group P&O has finally emerged at £3.5bn ($6bn), a price that trumps Dubai Port World's offer by 6%, writes Tony Gray . Former Norasia boss returns from gardening leave with his own venture VIKAS Khan, the former chief executive of Hong Kong-based container line Norasia, is launching his own liner company, Emirates Shipping Lines. He is expected to launch services next month. 'Can-opener' used against Japan whaling support ship JAPANESE supply ship Oriental Bluebird was deliberately rammed by a conservation vessel early on Monday morning in the latest round of a dispute between conservationists and Japanese whalers in the Antarctic. Last ditch fight on ports vote Members of the European Parliament have until 1800 hrs tonight to table amendments to the proposed ports services package ahead of next week's crucial vote, writes Janet Porter in Brussels.

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JANUARY 10, 2006
T&T energy minister resigns TRINIDAD & Tobago energy minister Eric Williams has resigned in the wake of bribery allegations MCA chief executive Bligh resigns STEPHEN Bligh has resigned as chief executive of the UK's Maritime and Coastguard Agency Ruling on 'uneconomic' definition A US District Court has backed Marathon Ashland Petroleum in its dispute over charter terminations ' in the process ruling on the definition of the leasing term 'uneconomic' BP failing in Grain gas commitment BP is seeking spot LNG cargoes to meet a commitment that it has made to keep the UK import terminal at the Isle of Grain full during the winter period Barberi tragedy: sentences passed UK proposes fourth LNG facility APL Panama awaits highest tides Engineer jailed for falsifying oil log Norgas venture boosts IM Skaugen Australia awards emergency tow contract Pressurised pipeline danger warning Steelmaker gains control of Vladivostok Carnival sends Costa to the Orient Worrying outlook in Hong Kong

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JANUARY 10, 2006
PSA tops Dubai P&O bid Singapore's state-owned investment company makes competing $6.17 billion offer for the British firm's global ports business. Hapag-Lloyd expands management CMA CGM, CSCL in Atlantic service China repeals U.S. paper duty Norasia ups Asia-Black sea capacity Prison term in ship pollution case DuPont leaving Gulfport Three to DHS advisory Coal fires Great Lakes gains

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JANUARY 10, 2006
Updated: P&O: PSA has made approach and has 2 weeks extra The P&O Board has put off its January 20 Court and shareholder meetings about the DP World offer, in anticipation of a possible offer at 470p (US$8.31), from PSA International. Delay in HPH India security clearance concerns other bidders Senator: Lines and forwarders joining DB would secure HHLA's neutrality Brazil export boom could be choked by lack of port capacity CMA CGM's China Shipping partnership shifts to transatlantic Container ship runs aground in silted Chittagong Port channel KCTA invites operators into Gwangyang Port phase III-1 Do, Re, Mi, FAL' One of Opera quartet goes to FAL service Indonesian shippers forecast 10% increase in 2006 shipments Restructuring clarifies Latvian railway activities

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JANUARY 10, 2006
Singapore v Dubai P&O is denying wire reports that it has already endorsed today's PSA bid to take the ports group over from under the nose of rival Dubai. New Delhi shakedown The Indian state wants public companies like Sabyasachi Hajara-led SCI to shovel out up to $2.2bn in special dividends. Gard faces Aries payout Loss of hire claim is filed with Norwegian insurer over cracked products carrier. DSR mulls Scandlines bid Rostock shipping group could join fight for control of German/Danish owned ferry operator. Gdansk sell-off draws nearer Polish yard's split from parent Stocznia Gdynia should be launched in March. Filipino officer jailed US court sentences chief engineer to imprisonment for a year and a day for oily water separator offences on Japanese reefer. Ferry pilot jailed Eighteen months for Richard Smith, who fell asleep at wheel of New York ship, killing 11 people in pier collision. Ocean Jewel on auction block Cash-strapped Titan Cruises taking bids for 1982-built gambling ship in Florida. Hanjin expects currency hit Stronger won will erode operating earnings in 2006, Korean boxship owner warns. Farstad clinches charter deals Norwegian owner secures work for ships worth NOK 280m in Australia, Africa and Brazil.

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JANUARY 10, 2006
Hapag-Lloyd to open South Europe, Latin America regional headquarters CMA CGM goes it alone on Asia/West Africa service TACA maintains bunker rates UAL Corp., secures $3 billion bankruptcy exit loan CEO Kusin to leave FedEx Kinko's Cathay's cargo up 26.3% in December Air Canada to start first ever non-stop Toronto/Shanghai flights Japan Airlines firms up 747-400 freighter conversion order India freight rail projects get budget clearances Kansas City Southern promotes Freeman European logistics companies DSV, Frans Maas to merge South Korea considers return of U.S. beef imports

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JANUARY 10, 2006
Farstad secure charters for NOK 280 million Farstad Shipping subsidiaries have secured charters or extension of existing charters for 9 vessels. BHP Billiton Petroleum has chartered the ... Hogia system choosen for safer ferry traffic in Africa Three years ago, the ferry 'La Joola' sunk off Dakar in West Africa and more than 1,800 people lost their ... Green Reefers looking for bigger vessels Bergen-based reefer owner/operator Green Reefers is looking to buy modern, efficient 300,000 to 400,000 cu.ft capacity vessels as ...

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JANUARY 10, 2006
Brazil: Paranagua avails tight Limited supplies of IFO grades available and no gasoil according to Brazilian supplier. Freeport operations return to normal Refinery and bunker operations returning to 'pre-hurricane Wilma' status. Chief engineer jailed for pollution offences Chief engineer sentenced to one year in prison after pleading guilty to pollution charges. Kenya: Crack-down on oil tax evasion hits bunker sector Kenyan government said to be losing revenue through illegal sale of bunker fuels into the domestic market. Rotterdam barge market quiet, congestion set to increase Bominflot announces new managing director OPEC brushes aside output cuts at upcoming meeting OPEC has disclosed that an output cut may not be necessary when it meets at the end of this month. High-tech hull coating reduces fuel consumption Ecospeed hull coating has been tested to show a reduction in fuel consumption due to lower frictional resistance when a vessel is moving through water.