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S'pore port records growth across all sectors
THE Singapore port continues its record-breaking roll with growth across all sectors in 2005, although the bustling port of Shanghai is fast catching up.
Tokyo conference calls for better anti-terror steps
REPRESENTATIVES of 14 countries including the United States, China and Japan yesterday urged tighter maritime, aviation and land transport security to prevent acts of terrorism.
SembCorp Marine to inject capital into Cosco Shipyard
SEMBCORP Marine Ltd, one of the world's biggest oil rig-builders, said it will inject more capital into Cosco Shipyard Group to help grow the Chinese company's ship repair and conversion businesses.
Too late to return 'manna from sea'
MPA adds 4 bunkering slots

Admiralty Casebook

Tugboat tragedy: insurance claim rejected
THE Singapore High Court has thrown out an insurance claim by the owners of the coastal tugboat Marina Iris that sank with all six Indonesian crew off Japan's coast more than three years ago while trying to make a transpacific trip from Kobe to Singapore in gale conditions.

web site

Shipping News

S'pore port records growth across all sectors
THE Singapore port continues its record-breaking roll with growth across all sectors in 2005, although the bustling port of Shanghai is fast catching up.
Tokyo conference calls for better anti-terror steps
REPRESENTATIVES of 14 countries including the United States, China and Japan yesterday urged tighter maritime, aviation and land transport security to prevent acts of terrorism.
SembCorp Marine to inject capital into Cosco Shipyard
SEMBCORP Marine Ltd, one of the world's biggest oil rig-builders, said it will inject more capital into Cosco Shipyard Group to help grow the Chinese company's ship repair and conversion businesses.
Too late to return 'manna from sea'
MPA adds 4 bunkering slots

Admiralty Casebook

Tugboat tragedy: insurance claim rejected
THE Singapore High Court has thrown out an insurance claim by the owners of the coastal tugboat Marina Iris that sank with all six Indonesian crew off Japan's coast more than three years ago while trying to make a transpacific trip from Kobe to Singapore in gale conditions.

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BALtrans allies with shareholder Mitsui STX opens Hong Kong office CMA CGM aims for 1m TEU Westport throughput in 2006 New Tiger MD Smart Record NYNJ port rail liftings in 2005 PierPass reaches 1m trucks milestone Cathay sets new cargo records in 2005 Air China seeks permission to start new US freight service BAX Global appoints new Asia Pacific director

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Hapag Lloyd charts a new course with CP Ships' takeover Norasia enhances capacity on ABS service IIMS appoints 9 new Regional Directors India remains attractive to major global investors Varun Shipping MD sees bright future for crude carrier cos Seafood exporters, Fieo may move court: DEPB scheme denial EIC discussing equivalence arrangement for dairy exports to Australia Textile exports now face non-tariff barriers Sweet windfall opportunity for exporters ahead Leather council taking steps to accelerate exports by end of current fiscal Imports of sensitive items decline Puthuvypeen dredging work apace, assures CoPT chief GMB approves revised Rs 3,000-cr. Dholera port project plan New Mangalore Port registers 8 pc growth in cargo handling during April-Nov. 2005 Visakhapatnam Port sets new record in potash offloading Railways' freight revenues up by 18 pc during April-December 2005 ECR hauls 56.5 m. tonnes, sights target Fieo welcomes decision to allow private sector entry into container transport by rail Paradip-Cuttack railway electrification under way Centre to hold talks with trade unions as most states back labour reforms Exim Bank sanctions record LoCs India now 8th biggest investor in UK; on par with China India readying for Hannover trade show IDA signs MoU with African body for dairy trade 8th automobile expo begins

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JANUARY 12, 2006
Mediterranean Shipping Co (USA) announces key executive promotions Arkas Shipping receives "Agency of the Year" award Polar Air starts new service from Atlanta to Brazil and Chile "Moskva-Ekspress" fish train in the starting blocks Österreichische Post closed Slovenian subsidiary

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JANUARY 12, 2006
Bollinger to build liftboats for Chouest TEN grows fleet USCG icebreaker captain replaced Navy awards Honolulu repair contracts PGS secures tanker for FPSO conversion Smedvig board endorses SeaDrill offer SembCorp Marine puts more money in China venture

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JANUARY 12, 2006
Port of Portland plans improvements for floating auto dock at Terminal 6 Greenbrier taps Wilsted as vice president/CFO Washington receiving funding to explore new HOT lane scheme Nancy Baker named president of Port of Vancouver, USA commission President signs act bringing billions to Corps

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Norway steams into asbestos row A NEW asbestos crisis is about to land on the demolition beaches of Alang in the shape of giant cruiseship Norway. Clemenceau barred from Egyptian waters EGYPT stepped into the gathering dispute over asbestos in the decommissioned French aircraft carrier Clemenceau yesterday, refusing the right of transit through its territorial waters on the grounds that it lacked adequate documentation. Greenpeace collision 'accidental' THE collision between Greenpeace's Arctic Sunrise and the Japanese whaling support ship Nisshin Maru was most likely an accident, according to the master of the 'can opener'-armed protest vessel, Sea Shepherd Conservation Society's Farley Mowat. Felixstowe 'approval' to trigger ports review FELIXSTOWE'S expansion plans are expected to receive the go-ahead next week, clearing the way for the UK government to launch a ports policy review. QinetiQ poised for float Defence Secretary John Reid announced yesterday that the Ministry of Defence would sell part of its majority stake in the defence technology business, which has also been making efforts to develop commercial marine opportunities since the dissolution of the Defence Evaluation and Research Agency in 2001. DP World to raise record $3.5bn with Islamic bond Dubai's ports group, which has launched a takeover bid for P&O, is raising a record $3.5bn through an Islamic bond, or sukuk.

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JANUARY 12, 2006
Balearia joins battle with Trasmed BALEARIA, the Spanish ferry operator, has brought serious competition to the Barcelona-Palma de Mallorca route with the introduction of a new passenger/freight service Italian president blocks port move ITALY'S president has blocked as unconstitutional a bid by the transport minister to require the ministry to appoint the presidents of the top 12 port authorities Trinidad issues PetroCaribe warning TRINIDAD & Tobago has publicly outlined the potential negative impacts of Venezuela's plan for supply of Caribbean islands with refined products CLIA confirms slower growth Ships collide in fog off Boulogne Florida to add to gambling fleet Brazil's ethanol trade set for expansion Containers washed ashore Japanese freeze boosts tankers Saaremaa pushes north to Finland Korea Gas to float LNG venture China reveals import totals

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JANUARY 12, 2006
New Jersey port plan sparks dispute $5 billion plan for New Jersey waterfront seen as alternative to deepening the Delaware River shipping channel. Trans-Pacific carriers hike U.S.-Asia scrap rates Singapore still top tonnage port Rail disruptions unlikely: AAR Better maritime security urged UAL launches $3B loan facility UPS adds overseas letter delivery Hickerson to head Pacer truck unit Savi signs up TraPac

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JANUARY 12, 2006
Updated: Price war expected for P&O DP World is likely to 'aggressively' counter PSA International's bid for P&O, say Singapore-based industry sources. Updated: DB rules out HQ move to Hamburg, but Hamburg may have other ideas Public pressure has prompted transport giant Deutsche Bahn's to publicly declare it does not intend to move headquarters from Berlin, but Hamburg's mayor has revealed other ideas. Jakarta ready to abandon carrier VAT Singapore revels in record volumes Congestion threatens distribution hubs, warns Portland report Chinese ports exceed to succeed Inchon records 23.3% YOY growth in 2005 Baltic range ports flag up double-digit growth

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JANUARY 12, 2006
Eagle takes nosedive New York-based bulker owner's stock plunges 12% after downgrade by Citigroup analyst, citing drop in vessel valuations and hire market. Dubai bid backed by $3.5bn bond Biggest Islamic bond and one of 10 biggest bonds gives DP World extra firepower in battle with Singapore for P&O. Bigger is better in Canal Latest Panama Canal monthly stats show larger ships are transiting in less time. Aussie coal scuttle Bash between ship crane and coal loader at Hay Point sees BHP Billiton scrambling to find alternative outlets. Nordea takes it Scene set for Norwegian battle as Nordea pips DnB NOR to the post in 2005 shiploan league tables. Delaware daggers drawn Inter-state dispute between New Jersey and Pennsylvania over whether to dredge or develop river. Cruise growth falters Industry body warns passenger numbers could rise by just 4.5% in 2006. Strong debut for Tallink Estonian ferry group's first quarterly result as listed company shows lower costs translating into bigger profits. NYK fixes VLCCs Japanese shipowner fixes second VLCC to China Oil while ExxonMobil signs up for a third. Norway close to the end Scrapping deal rumoured for classic cruise liner in India or Bangladesh. Yamashiro wins Jewel Californian company bags bankruptcy cruiseship for one-sixth of purported value. Tidewater improves in Gulf Better day rates and utilisation in US Gulf should boost earnings for offshore giant. Ships clash in Channel Columbia chemical tanker and Grieg cargoship damaged in accident off France. V.Ships takes tilt at Denmark Shipmanagement giant teams with fund manager to target Danish investment cash for fleet expansion. Knutsen OAS offloads Rita Norwegian shipowner sells 1986-built double hull shuttle tanker for conversion into FPSO. Aussies hold baker's dozen Two MSC containerships among thirteen vessels falling foul of port state control inspectors. Sembcorp pours in cash Singapore shipbuilder to inject more capital into its joint venture Cosco repair yards. Inmarsat eyes fresh funds Satellite provider says it plans secondary placing of about 80m shares representing a 17.5% stake. Lightship sails for Singapore Danish handysize chartering broker becomes latest dry cargo player to set up shop in city state. Court approves NOL payout Singapore High Court gives green light to liner operators SGD1.34bn capital reduction exercise.

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JANUARY 12, 2006
NYK to charter out VLCCs to ExxonMobil, China Oil FTD Shipping leaves Hispaniola discussion agreement "K" Line (China) Ltd. upgrades Nanjing branch, opens Fuzhou office Air India places $11 billion order for 68 Boeing aircraft DHL to build New York service center Continental extending air freight bookings with GF-X Bush sign U.S.-Bahrain free trade agreement USDA proposes rules to allow baby sweet corn, carrots from Zambia Former CBP official Kussman joins Sentinel HS Group Sinotrans chairman Bin resigns Radiant Logistics acquires Airgroup in $14 million deal P&O Group's shares rocket, 64.2% higher than pre-speculation Whistle-blower in Port of Baltimore may be fired Baker first female board president of Port of Vancouver, Wash.

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JANUARY 12, 2006
Shipping investment marginally down in 2005 SSG statistics show that Scandinavian owners were last year involved in newbuilding contracts and secondhand transactions for some 650 vessels ... "Sichem Pandora" may have hit trawler Maltese-flag, 9,214 DWT chemical tanker "Sichem Pandora", owned by a Oslo-based KS company, but chartered by the Camillo ...

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JANUARY 12, 2006
New bunker player on US East Coast Refiner and fuel oil trader offering bunkers directly into New York, Phily, and Norfolk markets. US: EIA tallies damage to base oil industry The US Energy Information Administration has recently issued data revealing the extent of damage to the US base oil industry from hurricane Rita. Singapore: MPA boosts bunkering anchorage capacity 30% Four new bunkering anchorage slots opened - ships offered concessions for lifting fuel at new positions. Singapore breaks several records, including bunker sales The MPA has announced the port of Singapore achieved new records for shipping tonnage, container throughput, cargo throughput, ship registration and bunker sales. Nippon Oil and NYK set retroactive bunker price Nippon Oil Corp (NOC) and Nippon Yusen KK (NYK) have agreed to raise their retroactive benchmark bonded bunker price for December. DOE & API at a glance: This week's key US inventory figures Rotterdam firming late morning Singapore: Residual fuels below 10 million barrels BP reports output losses after US hurricanes BP reports lower production in the fourth quarter of 2005, with substantial profit losses and repair bills. Crude prices near $64 Crude oil prices made gains on Wednesday following a drop in US crude inventories and tension over Iran's decision to resume nuclear research activities.