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Shipping News

Ship finance firm strikes US$90m deal
SINGAPORE-based ship finance company First Ship Lease has announced a sale and leaseback transaction with Jakarta-based Berlian Laju Tanker .
PSA hires Morgan Stanley for bond sale: sources
PSA International has hired Morgan Stanley to arrange a bond sale, a banker involved in the deal said.
Gulf tanker rates hold at 15-week high on demand
THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers held at its highest in 15 weeks as bookings increase amid peak seasonal demand for oil.

Logistics

Pos M'sia seen cashing out of Transmile
TRANSMILE Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares in the air-cargo company, said a report in Malaysia's Business Times.
Oil prices give Chinese steam trains new life
CHINA is preparing to remove the last of its old coal-powered steam locomotives from the nation's rail tracks, but high oil prices may give the trains an extra lease of life.
Kuwait's PWC wins US Army's US$1.5b transport contract
PWC Logistics, the Middle East's largest logistics company based in Kuwait, said that it has won a transportation contract with the US Army worth US$1.5 billion.

web site

Shipping News

Ship finance firm strikes US$90m deal
SINGAPORE-based ship finance company First Ship Lease has announced a sale and leaseback transaction with Jakarta-based Berlian Laju Tanker .
PSA hires Morgan Stanley for bond sale: sources
PSA International has hired Morgan Stanley to arrange a bond sale, a banker involved in the deal said.
Gulf tanker rates hold at 15-week high on demand
THE cost of shipping crude oil from the Middle East to Asia on two million-barrel tankers held at its highest in 15 weeks as bookings increase amid peak seasonal demand for oil.

Logistics

Pos M'sia seen cashing out of Transmile
TRANSMILE Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares in the air-cargo company, said a report in Malaysia's Business Times.
Oil prices give Chinese steam trains new life
CHINA is preparing to remove the last of its old coal-powered steam locomotives from the nation's rail tracks, but high oil prices may give the trains an extra lease of life.
Kuwait's PWC wins US Army's US$1.5b transport contract
PWC Logistics, the Middle East's largest logistics company based in Kuwait, said that it has won a transportation contract with the US Army worth US$1.5 billion.

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CKYH lines to strengthen co-operation Fesco orders containership Jurong port's May throughput volume falls 17pc y-o-y Death of stevedore in Melbourne lands P&O Ports A$500,000 fine Chairman Blust to leave US Maritime Commission FedEx unveils critical inventory logistics service EVA enters into cargo JV with Shanghai Airlines Korean Air to start service to Las Vegas HK Airport Authority seeks new CEO

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Kalmar secures reachstacker order from Hind Terminals SCI in-charters 2nd vessel for IDX service Relaxed norms likely to make wheat imports cheaper Steel wheels from China under 'dumping' lens Seafood exporters told to cast net wider to haul up $ 4 bn by 2010 India, Kuwait trade projected to touch $ 3.2 bn Rly Minister to inaugurate major PPP convention today LCL Agencies (India) begins operations from Kandla office Minimum area rule grounds RIL-CIDCO NMSEZ FinMin invites views on service tax circulars Industrial output rises 9.5 pc in April GoM to study case for according LNG 'declared goods' status Now, export quota for iron ore! CII leads CEOs team to Japan

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JUNE 14, 2006
Unitpool appoints new operations manager Zim orders large newbuildings British Airways to fly from Nottingham Gebrüder Weiss invests in hi-tech Wels-Pernau logistics centre

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JUNE 14, 2006
Search goes on for tanker crewman Iran-Pakistan shipping commission meets for first time Asian lines to continue alliance

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JUNE 14, 2006
Austal USA installs HSF engines Christening for ice class box ship

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JUNE 14, 2006
New round of wind farm parts moving through Port of Vancouver Matson earns Coast Goard honor for environmental excellence Port Angeles boaters receive free wireless Internet hookup Everett port board Oks move of two container cranes Neptune Orient Lines CEO stepping down later this year

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ABP bid battle looms as £2.5bn offer sends share price rocketing ANOTHER bid battle could be in store after Associated British Ports accepted a firm £2.5bn ($4.6bn) bid from a Goldman Sachs-led consortium only to see the group's share price move tantalisingly beyond the offer level. Last stab at antitrust deal by European liner lobby CONTAINER lines are preparing to call a halt to any further negotiations with Brussels over a new operating framework for the industry. GL keeps its distance in twistlock debate CLASS society Germanischer Lloyd appeared to be distancing itself from the debate over fully automatic twistlocks yesterday by suggesting that stern designs may be the root of a series of recent container losses. PSA bond issue will pay for Hutchison stake SINGAPORE port operator PSA plans to issue an offshore bond to fund part of its purchase of a stake in Hutchison Ports, a market source told Reuters yesterday. Big spenders eye British port groups THE firm bid for ABP brings spending on the acquisition of quoted British port groups to more than '7.5bn in the past year.

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JUNE 14, 2006
Safety director sues BC Ferries BC Ferry Corp, operator of the ferry Queen of the North which sank on 22 March after hitting rocks off the Queen Charlotte Islands, is being sued by its safety officer Varun postpones Singapore listing VARUN Shipping has postponed its Singapore listing because of the current volatility of the stock markets Taganrog port falls to Lisin VLADIMIR Lisin, owner of the Novolipetsk Metallurgical Combine, Russia's fourth largest steel manufacturer, has beaten rival bidders to take control of Taganrog port Ex-Celebrity master denies charges PERIKLES Petridis, the former master of Celebrity's Mercury accused of shipboard intoxication, has refuted the charges in recently filed court documents Ferryways competes on Thames link T&T Coastguard intercept drug run FMC chairman Blust to step down Brazil launches transport strategy Grounded bulker safely refloated Goldman Sachs bid for ABP agreed Migrant Watch: US/Caribbean

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JUNE 14, 2006
Port of Seattle's Dinsmore retires Mic Dinsmore, who led the Pacific Northwest port to some of its fastest years of growth, announced he will step down early next year after 14 years as executive director of the Port of Seattle. Strong May for LA-Long Beach Goldman buys ABP for $4.6B U.S. shifts course on WTO textiles policy EU official in U.S. to push 'green paper' Cosco endorses Canal plan Customs Update: Anti-terror measures trumping trade Coast Guard names new port captain for NY-NJ Construction starts on Tacoma overpass project MOL rebrands IT unit CN buys 50 locos for intermodal fleet

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JUNE 14, 2006
ABP succumbs to Goldmans Sachs' latest bid Management at Associated British Ports, which jointly operates Southampton and Tilbury Container Terminals, has agreed to sell its entire share capital to a Goldman Sachs led consortium. Java exporters want dedicated cargo route after mud slide Indonesian exporters are urging the Indonesian Directorate-General for Land Transportation, Jasa Marga, to provide dedicated alternative routes for container trucks following the closure of Surabaya-Gempol toll road. US Lines ignore the beautiful game as football fever heralds early charter summer Emirates and ZIM delay launch of Asia Gulf Express Boxes miss ships in latest JNP backlog Japan finances Malacca Strait patrol boats Strike raises spectre of higher Chittagong congestion charges SIH invests in US$218m A11 Expressway expansion CSCL announces US$371m box lease deal Mokpo New Port offers incentives to attract cargo

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JUNE 14, 2006
New kid on the block Incoming DNV chief executive Henrik Madsen explains how there will be no revolution at the classification society ' except when it comes to seafarer schooling. Splosna Plovba battle not over Slovene bulker owner Splosna Plovba is denying that a 21% share that Peter Dohle has been chasing has been bought by a rival. P&O Ports fined over death DP World's new acquisition to pay AUD 500,000 after worker crushed between containers in Australia. Grindrod execs get the nod Heir apparent Alan Olivier shuffles top management ahead of his move in 2007. Hasco fined in Taiwan Chinese charterer Shanghai Haihua Shipping (Hasco) fined for breach of law by German containership. More 'sea rage' victims Two Filipinos stabbed by crewmate on a bulk carrier in Australia in latest incident. Bulker rams Canadian bridge Steering trouble suspected as bulker bow holed in bridge collision in St Lawrence Seaway. ABP agrees takeover deal Shareholders to vote on Goldman Sachs-led group's offer of $4.56bn for UK ports operator. Portek inks Malta deal Singapore-listed port industry firm has secured a 30-year concession at the Port of Valletta. Hanjin fined for Subic spill Landing craft spills fuel oil after sinking during construction work on new Philippines shipyard. Two dead in barge accident Operations back to normal after incident on Lake Maracaibo, Venezuela. FSL snaps up BLT pair Singapore-based finance company in sale and lease-back deal with expanding Indonesian owner. Helan Gar and more Take a look at the Swedish Club's AGM bash which attracts visitors from as far away as China and Alaska for business and fun through Gothenburg's long summer days. PSA volumes up 31% Singapore terminal operator sees foreign operations increase throughput by 70% on a year ago. NYK orders coal carrier Japanese owner to replace ageing bulker Sanyo Maru with newbuilding for domestic CVS contract.

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JUNE 14, 2006
Blust to step down as FMC chairman ELAA's liner conference alternative not ready Emirates Shipping Line establishes Spanish agency NYK orders broad-type bulk carrier MOL renames liner IT companies KCS gives Shoener board seat, orders 60 trains Basham renews CBP commitment to trade partnership U.S. Chamber supports granting Vietnam "normal trade relations" AISA develops C-TPAT alternative USTR's Schwab names Keeler to chief of staff Varshine joins IGL SEKO opens two Pennsylvania offices FMC reviews 4 OTI license applications ABP accepts Goldman Sachs consortium's $4.57 billion offer Zim, Bollore joint venture Tin-Can Island terminal operational

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JUNE 14, 2006
Wilh. Wilhelmsen car carriers for UK flag All of Wilh. Wilhelmsen's 12 car carriers on order will carry the Red Ensign. The company already has four large ... Swedish R&D initative for ships' ability to survive With a budget of around SEK 70 million (EUR 7.5 million), maritime safety experts and researchers from eight EU countries ... Captain convicted of murder The Indian captain of the Norwegian product tanker "Champion Pioneer" has been sentenced to life imprisonment for the of murder ...

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JUNE 14, 2006
Uruguay avails tighten Local utility demand keeping fuel oil from the bunker market, but suppliers expecting improvement in coming weeks. Warning for cold ironing users German technical monitoring group says owners 'taking a gamble' without global standards. DOE reports improvement in key US oil product stocks Crude stocks fall slightly but gasoline inventories move up to 'average' of the norm. Cool reception for new Shanghai petroleum exchange Traders have expressed little enthusiasm for new Shanghai fuel oil trade opportunity. Korean exchange ponders bunker fuel futures Exchange aims to offer trade in oil products, bunker fuel under consideration. Rotterdam IFO380 dips under $300 Hong Kong: Bunker fuel shortage eases in June Shortages of 180 cst have eased considerably from last month while barging schedules are tight for some physical suppliers. South Korean shipbuilding firm fined for oil spill Firm penalised with a daily fine of $5,000 until an oil spill cleanup is completed on Subic Bay. Hong Kong supplier brings in second double-hulled barge Independent supplier Pan Nation now has two double-hulled bunker barges of 2,000 dwt and 2,100 dwt in addition to its single-hulled fleet.