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Shipping News

Cosco earnings double on higher volumes
CHINA Ocean Shipping Co , which controls the nation's second-biggest container line, doubled its profit last year, the government's main planning ministry said.
Wan Hai container ship built by Jurong Shipyard launched
ANOTHER vessel flying the Singapore flag, and the most advanced of its kind designed and built here, was launched yesterday at a naming ceremony at Jurong Shipyard.
German, Belgian port workers strike against EU reforms
OVER 1,000 dock workers in Germany's main port of Hamburg have gone on strike in protest against the European Union's plans to liberalise port industry services, the trade union Verdi said yesterday.
Tokyo Gas to order more LNG tankers for spot trading
Tanker rates fall for sixth day on surplus supplies

Port Shots

Port Shots
RUSSIA's second-largest oil port, Novorossiisk, opened to shipping yesterday after high winds and rough seas prevented tankers from docking for six days, local ship agents said.

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Shipping News

Cosco earnings double on higher volumes
CHINA Ocean Shipping Co , which controls the nation's second-biggest container line, doubled its profit last year, the government's main planning ministry said.
Wan Hai container ship built by Jurong Shipyard launched
ANOTHER vessel flying the Singapore flag, and the most advanced of its kind designed and built here, was launched yesterday at a naming ceremony at Jurong Shipyard.
German, Belgian port workers strike against EU reforms
OVER 1,000 dock workers in Germany's main port of Hamburg have gone on strike in protest against the European Union's plans to liberalise port industry services, the trade union Verdi said yesterday.
Tokyo Gas to order more LNG tankers for spot trading
Tanker rates fall for sixth day on surplus supplies

Port Shots

Port Shots
RUSSIA's second-largest oil port, Novorossiisk, opened to shipping yesterday after high winds and rough seas prevented tankers from docking for six days, local ship agents said.

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PSA moves to counter DP World bid to buy up P&O CMA CGM upgrades Asia-W Africa service Third phase of Cepa begins Norasia ups capacity on ABS Service New MD for Reynold Van Lines SITC receives 5 logistics awards Hactl achieves new tonnage record in 2005 United launches US$3 billion syndicated loan facility FedEx delivers polar bears to Memphis Zoo

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New water content norm leaves bunker fuel suppliers all at sea Top Ocean Lines completes year of successful operations CMA CGM now 3rd largest container shipping group Bharat Chamber calls for rationalisation of excise on corrugated boxes to promote exports Govt to examine dumping of auto components by Chinese firms Capture bigger shares of US, European textile markets, Minister exhorts exporters PSA makes bid to acquire P&O Ports & Terminals MbPT extends deadline for bids to Feb. 10 Mundra Port logs record 39.42 pc rise in cargo throughput in Dec. 2005 Truck freight rates up by 25 pc CoPT appoints panel to study cargo-handling cost CONCOR to retain dominance over rail container transport Nalco plans to acquire 241 specialised rail wagons to move alumina Plan panel team to meet on January 13 India Inc presents Budget wish-list to FM BCC&I team meets RBI officials; seeks easier bank documentation norms CII report stresses need for innovation to spur industrial growth

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JANUARY 11, 2006
Finnair names new president and CEO Harms group announced death of Egon Harms Lower Saxony ports achieve record volumes in 2005 Swiss to terminate services to Asia Hoyer/Dow-Terminal launched in Schkopau (Germany) DSV offers EUR 433 million for Frans Maas IRU demands incentives for environmentally friendly trucks

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JANUARY 11, 2006
PSA poised for P&O bid V.Ships targets Danish market UK MCA boss resigns Indonesia scraps VAT on shipping services

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JANUARY 11, 2006
Wartsila inks Brazilian license agreement GL introduces cargo tank coating notation New owner for Incat wave piercer Cal Dive boosts pipe lay capability Rochester ends fast ferry venture

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JANUARY 11, 2006
Coast Guard searching for Columbia bar pilot who fell from vessel Pier 66 fountain named for port of Seattle Commissioner New mobile ladder invented for bulk vessel hold inspections Corps announces closure of Columbia River locks Port of Portland schedules public airport noise meeting

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P&O shares soar as rivals square up for bid battle P&O's shares were propelled to a new high yesterday as the stock market grew confident that a bid battle for the UK ports group is in prospect between Singapore and Dubai. British MEPs in Brussels fight over ports services directive EUROPEAN legislators are deeply divided about how the proposed ports services directive would affect Britain's leading ports. DP World and PSA International to become shareholders in OnePort TERMINAL operators DP World and PSA International of Singapore are in talks to join OnePort, the electronic container services company owned by Hong Kong International Terminals, Modern Terminals, China Ocean Shipping and Tradelink.

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JANUARY 11, 2006
Putin confirms Siberian pipe outlet RUSSIAN president Vladimir Putin has confirmed that construction of the new Siberian oil pipeline to carry crude eastwards for export will begin in the summer Korea Gas to float LNG venture KOREA Gas Corp is floating a joint-venture company to handle LNG shipments in partnership with domestic shipping companies China imports 130M tonnes of crude CHINA'S crude oil imports rose marginally to 3.3% for 2005 at 130M tonnes, the General Administration of Customs of China has stated Spirit of Ontario service terminated ROBERT Duffy, newly inaugurated mayor of Rochester in the US state of New York has pulled the plug on the city's fast ferry service to Toronto Baltic ice advisory service launched INCREASING oil tanker traffic through the Baltic Sea to and from Russia has prompted two Helsinki-based agencies to launch an ice advisory service BMT adds Belgian surveyor Techmar BMT, the design, engineering and risk management consultancy, has bought Belgian marine surveyor Techmar International Atlantic's Train IV makes first shipment Sempra to expand Louisiana terminal All safe after Philippines ferry fire Oregon bar pilot feared drowned Hapag-Lloyd/CP Ships restructures Brazilian giants to seek gas in Mozambique Ports Directive backers drift away Indonesia to end VAT for foreign lines PSA tops DP World bid for P&O

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JANUARY 11, 2006
Intermodal rail, truck rates rising Shippers of intermodal cargo seeing rising rates for tight rail and truck capacity as carriers focus on yield rather than market share. Renewal expected for export controls bill Hanjin sees $548M profit in 2006 U.S., Bahrain ratify trade deal TACA charges unchanged APL may refloat ship Thursday EU dockworkers strike China triples trade surplus DHL plans $181M New York hub

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JANUARY 11, 2006
Update: P&O shares top proposed offer price, as Stock Exchange gets excited Despite a lack of additional statements on PSA's intentions since yesterday, P&O deferred shares have exceeded the price indicated in yesterday's approach notice, indicating expectations of a bidding war. Owners, charterers keep powder dry in 'phony war' Mumbai offshore box terminal: 10 out of 11 bidders get security clearance Port of Vancouver posts new box record Port of Virginia aims to beat the Big Apple Hanjin targets 15% 2006 volume increase Mitsui and Baltrans form strategic alliance

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JANUARY 11, 2006
Hellespont orders again Papachristidis company in for four 115,000-dwt units at China's New Century shipyard. EU ports hit by protests Dockers down tools in protest at attempts by Brussels to revive "ports of convenience" directive. Marnavi breaks the ice Italian company controlled by Domenico Ievoli (left) orders two ice-strengthened 51,000-dwt product tankers from STX. Teekay in for suezmaxes Tanker giant reported to be ordering two one-million barrel ships from Samsung for 2009 delivery. P&O shares soar Bid target jumps 6% as Dubai and Singapore gear up for box-terminal world domination. Greenpeace rammed by video Japanese whalers fight back with own media-savvy film of collision and attempts to foul propeller. Nordea on top Bank reported to have beaten Norwegian rival DnB NOR in contest for shipfinance supremacy. Gdansk turns to Ukraine Polish shipyard desperately seeking eastern workers after Poles head west. NCL ship sinks before it is built A piece of the Norwegian Pearl is 20 meters under water after the ro-ro Tor Dania collided with the barge carrying it. Smedvig shareholders get more time SeaDrill extends offer deadline again in bid to pick up 'smaller domestic' investors. Japan detains 18 Port state checks result in Seatrade Groningen, Vega Reederei and Taiyo Nippon vessels being held in December. Facelift for Varna Bulgaria's biggest shipyard spending cash to upgrade facilities this year. Tsakos elects to go spot Company declines charter cover for first of ice-class Hyundai newbuilds. CSCL orders boxship quartet China Shipping Container Lines has ordered a series of four 4,250-teu containerships at Dalian New. Seaspan sues Canadian tug operator takes action over accident involving BC Ferries' Queen of Surrey. Cosco doubles up Chinese shipping giant boosted by exports in 2005 as profit and revenues increase. Indonesia takes axe to tax Government plans to ditch 10% VAT on cargo carried by foreign owners. Oz escapes worst of Clare Mineral exporting facilities and offshore floating production units largely undamaged by cyclone. Fifty-five days Hyundai's 'on-ground' shipbuilding method now matches conventional drydock assembly times. Directors back GO Carriers Three senior executives in London-listed bulker operator have bought shares in the company. Pilot feared drowned US Coastguard suspend search for man who fell into the sea while leaving handysize bulker. Frank cashes in again Carnival's chief operating officer Howard Frank has raked in another $6m after selling more stock.

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JANUARY 11, 2006
CP Ships to join Grand Alliance in transpacific Hanjin Shipping targets $6.5 billion revenue in 2006 China Shipping orders four 4,250 TEUs ships, 13,500 TEUs of containers "K" Line car carrier completed Antidumping rates to decline if U.S. declares China a market economy China drops antidumping order against U.S. kraft linerboard imports Manugistics losses continue in third quarter FTA appoints three regional policy managers FMC reviews 5 OTI license applications PSA makes $6.2 billion takeover approach to P&O Retail federation says ports uncongested Port of Seattle Commission elects Davis president

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JANUARY 11, 2006
P&I Club slams US Coast Guard for cruel treatment of seafares The US Coast Guard's harsh methods during investigations on suspected violations of the discharge rules in the MARPOL convention have ... Environmental friendly ship breaking launched An US-based Indian shipbroker has launched a new standard for scrapping ships world wide, but mainly in India. US ... New helicopter for SAR operations in Denmark The first EH 101 Merlin Joint Supporter helicopter has been delivered for Search and Rescue (SAR) operations on Danish territory ...

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JANUARY 11, 2006
California conference to consider emissions, goods movement 'Faster Freight Cleaner Air' covering port operations, transportation, and emissions controls. Singapore: MPA stresses importance of following bunker procedure The MPA has again stressed the importance of all parties involved in bunkering following guidelines as outlined in its code of practice. Alfa Laval secures navy contract for centrifuge systems Alfa Laval has secured a contract with the Indian Navy to supply centrifuge systems to its new ships. US: Bunker suppliers could be responsible for marine pollution Liability for marine oil pollution could be extended beyond owners and operators to bunker companies, according to maritime lawyer. Cyprus: Expansion prompts office move Continuing growth and expansion prompts physical supplier to relocate. Rotterdam market stable Japan: Shortage of barges impedes bunker supplies A shortage of barges to transport products from the refineries to oil storage terminals have cut back on bunker supplies in the Japanese market. Singapore: GAC Bunker Fuels moves to new office Oil spill unit needed to ease concerns Kenya's Petroleum Institute of East Africa yesterday urged the government to establish an oil spill unit to tackle maritime oil spills.