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Shipping News

PSA volumes surge 31% in first quarter
INCREASING volumes of container boxes handled by PSA International's overseas operations have helped raise total throughput at its terminals by a solid 30.8 per cent in the first quarter, compared to the same period last year.
European divers accused of looting Indonesian shipwreck released
A French and a German diver accused of stealing treasures from shipwrecks in Indonesian waters and held by authorities here for more than a month have been released pending further investigations.
Asian aframax rates near lowest since '02
THE price of hiring aframax tankers, which haul about 600,000 barrels of oil, on Asian routes traded near their lowest since 2002 as refiners in the region bought less oil.
All rescued after cargo ships collide in Tokyo Bay

Admiralty Casebook

'Fully crewed at all times' warrants one crew on board 24 hours
TA WARRANTY in a marine insurance policy that a vessel will be 'fully crewed at all times' means at least one crew member must be on the vessel for 24 hours a day, the English Admiralty Court ruled last month.

web site

Shipping News

PSA volumes surge 31% in first quarter
INCREASING volumes of container boxes handled by PSA International's overseas operations have helped raise total throughput at its terminals by a solid 30.8 per cent in the first quarter, compared to the same period last year.
European divers accused of looting Indonesian shipwreck released
A French and a German diver accused of stealing treasures from shipwrecks in Indonesian waters and held by authorities here for more than a month have been released pending further investigations.
Asian aframax rates near lowest since '02
THE price of hiring aframax tankers, which haul about 600,000 barrels of oil, on Asian routes traded near their lowest since 2002 as refiners in the region bought less oil.
All rescued after cargo ships collide in Tokyo Bay

Admiralty Casebook

'Fully crewed at all times' warrants one crew on board 24 hours
TA WARRANTY in a marine insurance policy that a vessel will be 'fully crewed at all times' means at least one crew member must be on the vessel for 24 hours a day, the English Admiralty Court ruled last month.

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APRIL 13, 2006
Singapore's cut price small craft ID system Golden Ocean's "opportunistic" panamax sale Hawaii barge firm's US$186m fleet renewal 48-year old laker poised for comeback

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APRIL 13, 2006
Call to create massive Bay Area disaster response fleet Refinery woes impact Maritrans

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APRIL 13, 2006
Port of Everett calling for developers for Collins Building BNSF Railway will open first office in China Seamanship classes offered onboard U.S. Brig NIAGARA Schnitzer Steel's second quarter delivers $21.1 million in net income WTSA member carriers plan to raise rates for chilled veggies

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APRIL 13, 2006
Asia-Europe rates levelling out CONTAINER freight rates on the Far East-Europe trade seem to have levelled out lately after a steep and sudden decline at the start of the year Grounding reveals missed opportunities AN MAIB report into the grounding of the general cargo ship Lerrix reveals a tale of broken rest periods, inoperative alarms and the use of pirated navigation information P&O still confident on Bilbao route P&O Ferries has increased sailings between the ports of Portsmouth and Bilbao, ahead of a new Spanish ro-pax service between the two ports next month Trans-Atlantic gasoline arbitrage up THE US Energy Information Administration is citing increased products cargoes from Europe to the US, a trend that should continue through the summer driving season MK Shipmanagement pleads guilty MK SHIPMANAGEMENT has admitted in a New Jersey federal court to oil log violations and will pay a $350,000 in consequence Trinidad: congestion surcharge MEMBER lines of the Association of West India Trans-Atlantic Steam Ship Lines have cut their congestion surcharges for Port of Spain Philippines addresses ferry fires Tallink acts to improve sales figures Cuba gets tough with migrant-smugglers Hong Kong tightens box rules Sidik plans Malaysia port offensive Ship sinks in Japan after collision EZRA triples net profit

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APRIL 13, 2006
Intermodal containers surge Traffic has jumped by more than 11 percent over the last month as a new wave of imports enters the country. Port of Portland budget increases slightly India's SCI to restart East Coast service Hanjin starts Singapore-Bangladesh feeder Canada joins US, EU in China auto push WTO criticizes US duties on Canadian lumber For security-minded companies, C-TPAT is just the start China's economy grows 8.5 percent Eurotunnel postpones earnings report Group meets on Houston port security grants

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APRIL 13, 2006
Exporters want more Indonesian direct calls Indonesian exporters are urging terminal operators - Jakarta International Container Terminal and Terminal Petikemas Koja - to encourage carriers to add more direct calls. Tilbury box-stowaways found in 'dreadful' conditions Four stowaways, thought to have come from Nigeria, were discovered last night in terrible conditions in a container transhipped at the Port of Tilbury, with three reportedly requiring hospitalisation. Indonesia and the US join hands to fight illegal trading Security worries stall HPH's Mumbai bid, but no such concerns in Ecuador Virginia considers raising demurrage, to deter congestion Hanjin to impose peak season charges in North America Singapore-Chittagong service boosts Hanjin's feeder network Chiwan Port expects steady growth to be maintained Norilsk Nickel 'icebreaker' boxship delivered at Murmansk North Carolina terminal project takes shape MOL slot charters on Maersk's Canada service Out-of-date lineup reported for FAL service

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APRIL 13, 2006
American Club makes call New York based P&I mutual looks on the bright side as it slips out eve of holiday announcement confirming it needs more cash. Brave purchase Vafias drybulk arm behind $31m LPG order. What goes down... Fuel leaking from a sunken cargoship in the Gulf of Finland prompts Estonian officials to seek raising effort. Shuttle spinoff? Is Teekay Shipping ready to proceed with the long-rumoured spinoff of its shuttle-tanker fleet and FSO/FPSO business? Morgan Stanley seems to think so, and likes the idea. In the bag Laskarides brothers snap up last remaining shares in Riga Transport. Paying dividends? Overseas Shipholding Group shares still sluggish day after New York owner declares increased dividend. Callimanopulos dives for more Toisa Limited, part of the Callimanopulos Group, orders another diving support vessel in the Netherlands. Stowaways beat box checks Container security doubts after four found 'near-dead' at Tilbury and 22 captured in Seattle. Investors punish Titan Share price of Hong Kong VLCC owner drops as much as 7% in a day of heavy trading. Volumes up at Kaspar Increased tanker volumes give Azerbaijan's Caspian Shipping Co (Kaspar) a first-quarter freight boost. Chinese court Malay port Port Klang of Malaysia could see investment from Chinese boxship giant China Shipping Group. Reefer manager hammered US court hits Japanese shipmanager with $350,000 fine for its part in oily-water separator bypass incident. Collision crew rescued All seafarers are saved as they abandon sinking general cargo ship. Stena ups capacity Swedish ferry company to shift ro-pax from North Sea service to Holyhead to Dublin route. Tallink speeds to profit The Tallink Group of Estonia made a tidy half-year profit despite an increase in expenses. Hanjin targets Bangladesh South Korean liner operator to begin joint venture feeder service between Chittagong and Singapore. Labroy lands LaFarge order Singapore shipbuilder adds to cement carrier order book with order from French cement giant.

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APRIL 13, 2006
Financing in place for new Horizon Lines ships Freighter sinks in Tokyo Bay COSCO adds Greek call to Asia/Mediterranean service WITASS to lower Port of Spain, Trinidad congestion surcharge Sea Consortium, Hanjin to start Singapore/Bangladesh feeder Yang Ming creates Korean subsidiary Group forms McLean center at Kings Point U.S., Peru sign trade agreement U.S., China to work on phytosanitary differences BKA Logistics brings Alaskan salmon to needy in Guatemala Greenlog Network moves into Denmark SEKO names Goldberg COO ILWU says ID fix should cover all ports Port of Tilbury dockers find stowaways in container Jurong Port's box volumes down 2.7% in March

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APRIL 13, 2006
Oily water penalty far shy of record US court handing out pollution fine to Tokyo-based company but showing leniency in the amount. Singapore: Vopak seeking to operate underground storage caverns Exploratory talks held with authorities on operation of underground oil storage project, says Chairman. Reports: Transbunker to delay sale Transbunker Group of companies delaying planned sale of $125 million of Credit Linked Notes. Rotterdam: Prompt bunker stems still problematic Singapore: Distillate stocks at 11-week low, residual fuels up Stocks of middle distillates plunged while residual fuels rose. Titan sees opportunity in China's fuel oil market Titan investing in storage facilities and looking to increase its carrying capacity of oil products in China. Hong Kong: Avails tight on 180 cst Availability of 180 cst unlikely to recover until late next week.