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DP World confirms it will sell ports to US buyer
THE Dubai-owned company that had sought to buy several port terminals in major East Coast cities confirmed on Wednesday that it would sell those operations to an unrelated US buyer, ending speculation about the ambiguity in its previous statements that it would 'transfer' the terminals to a 'US entity'.
DP World boldly gears up for bigger challenges ahead
ALTHOUGH the dust has hardly settled on its gaining control of six US ports, Dubai-based DP World is already looking to bigger challenges ahead with confidence.
Evergreen to order 20 ships in next decade
EVERGREEN Marine Corp, operator of Asia's largest container shipping line, said it is planning to order at least 20 container ships in the next 10 years to replace existing vessels.
Hong Kong's Feb container volume rises

Admiralty Casebook

Vital to inspect lifeboats
CANBERRA's transport safety investigators have called on ship owners, managers, statutory authorities and classification societies to urgently inspect keel attachments for hooks on lifeboats to ensure that they are structurally sound.

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Shipping News

DP World confirms it will sell ports to US buyer
THE Dubai-owned company that had sought to buy several port terminals in major East Coast cities confirmed on Wednesday that it would sell those operations to an unrelated US buyer, ending speculation about the ambiguity in its previous statements that it would 'transfer' the terminals to a 'US entity'.
DP World boldly gears up for bigger challenges ahead
ALTHOUGH the dust has hardly settled on its gaining control of six US ports, Dubai-based DP World is already looking to bigger challenges ahead with confidence.
Evergreen to order 20 ships in next decade
EVERGREEN Marine Corp, operator of Asia's largest container shipping line, said it is planning to order at least 20 container ships in the next 10 years to replace existing vessels.
Hong Kong's Feb container volume rises

Admiralty Casebook

Vital to inspect lifeboats
CANBERRA's transport safety investigators have called on ship owners, managers, statutory authorities and classification societies to urgently inspect keel attachments for hooks on lifeboats to ensure that they are structurally sound.

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Singapore throughput up 4.1pc in Feb, HK's rises 6.7pc Hamburg Sud acquires Fesco's Australia, NZ trade assets Eurogate seeks to steer Asia-based clients to Bremerhaven K+N net income for 2005 grows 32pc Eurogate awarded tender for JadeWeserPort Sensitive items list on FTA to be finalised by India, Asean Auckland box volumes grow 8pc over June-Dec 2005 period Cathay Pacific awards multi-million HK dollar contract to DHL Qatar Airways to start flying to Hong Kong Shanghai Airlines hires overseas pilots to fly cargo planes Hager, Carnes join Schenker board

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Mercator Lines bags major crude transport deal from MRPL Essar Shipping swells fleet with VLCC Camaraderie, informal interaction mark AMTOI's 2nd annual get-together Exports post 26.3 pc growth in 11 months of 2005-06 All taxes on inputs for export production must be refunded, stress BoT members Tax on recipients of services imports to be introduced soon Maharashtra govt to set up 2 agriculture export zones Imports will continue to outpace exports, says JP Morgan report Base import price of palm oil cut Sugar exporters unhappy with prices in Pak Rubber mark plans to set up zone DP World to sell all US port operations within 6 months to unrelated entity Women of Mumbai Port Trust felicitated on International Women's Day 2006 KoPT clears plans for two multi-purpose jetties at Haldia dock KRCL's Palanpur-Gandhidham line poised to wean away road cargo Private sector may be allowed to operate rail-side warehousing complexes too Strategies & issues of textile industry highlighted at Chennai seminar Govt may relax tax-filing norms for LTUs

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MARCH 16, 2006
Intercontainer takes over Pannoncont

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MARCH 16, 2006
Fredriksen in DESS deal TSA set for rate increases MEPC considers recycling Rina launches risk assessment Green passports for Shell's LNG fleet

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MARCH 16, 2006
Deep Sea Supply acquires 22 newbuild contracts

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MARCH 16, 2006
New post-panamax crane heading to Port of Portland FRA data finds US railroads have safest year ever Open house meetings planned for new Mukilteo ferry terminal Hanjin adds new service calling Korea, Indonesia APL wins nod from truckers for LA/Long Beach terminal

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Buyers line up for P&O's US assets TRADE and private equity buyers have already expressed interest in P&O's US port assets that are to be sold following the political outcry in Washington over change of ownership to Dubai's DP World. Golden Energy in $500m tanker order at Sungdong RESTIS Group's tanker arm Golden Energy has signed $500m worth of new tanker orders in South Korea in a move that underlines the strength behind the company after last year's aborted plans for a public flotation in New York. Deep pockets, Deep Sea for ambitious Fredriksen JOHN Fredriksen will become the largest shareholder in Deep Sea Supply, the Oslo-listed offshore supply vessel operator, after pumping 22 newbuilding contracts into the company in a deal worth almost $400m. Carisbrooke takes Port Weller option CARISBROOKE Shipping has returned to Canada to fulfil its latest expansion and renewal plans, writes Hugh O'Mahony.

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MARCH 16, 2006
Washington critics praise DP World DUBAI Ports World's decision to sell off US terminal interests over the next four to six months has been praised by critics and greeted with sighs of relief by supporters of President Bush California LNG date revealed AUSTRALIA'S Woodside Natural Gas says its California gas project will start delivering supplies in 2010 at the earliest Nippon Oil cuts Iranian import NIPPON Oil, Japan's largest refiner and wholesaler, is to slash imports of Iranian crude by 15% this year Pemex to boost dwindling oil reserves PEMEX chief executive Luis Ramirez has called for massive investment to develop Mexico's off-shore and on-shore fields to counter dwindling oil reserves K-Line reveals expansion plan JAPANESE ship operator K-Line intends to increase the size of its fleet by 75% and to double profits to '100Bn ($851M) by 2015 US Congress targets port security US CONGRESS remained busy yesterday on maritime matters with the Senate approving a bill to spend nearly a billion dollars next year on port security Sea Malta banned from selling ships Cruise sector struggles with image Carnival pulls back from Pinnacle Machado furious over Transpetro bids Frontline banned from Pertamina business NCL awaits easing of yard capacity Indian ports restrained by red tape

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MARCH 16, 2006
Customs may reconsider third-party C-TPAT validations U.S. may reconsider its long-standing opposition to having third parties validate supply chain security at foreign locations. U.S.-Canada short sea ventures win Marad interest Southern California eyes transport partnership Some Friday closures for NY-NJ terminals Alliance shifts PNW service U.S. welcomes delay on EU wood packing rule "Logistics City" key topic at China Trade & Logistics Conference EU abandons plan for port deregulation Eurogate wins bidding for new German box port

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MARCH 16, 2006
Hamburg Sud-Fesco deal to prompt shake-up Significant changes are expected in Australian and New Zealand services as a consequence of Hamburg Sud's acquiring Fesco's cross-trades. K Line's Maekawa sounds note of optimism with call for pragmatism CKYH Alliance to upgrade PNW service Jawaharlal Nehru Port's third box-terminal starts trial operations Brazil health inspectors' strike affects rail and container flows South Korea freezes container stevedoring fee New rail-shuttle links Amsterdam and Duisburg MSC to launch Sydney-Noumea link Heung-A to call at Miike

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MARCH 16, 2006
It's a wipeout Fewer than 5% of the participants in TradeWinds' poll support the US politicans who have blocked Dubai's takeover of P&O's American terminal interests. Hummingbird buzz Famed investor Paul Sonkin has taken a major stake in fledgling dry bulk company FreeSeas. The ol' one-two VLCC owner Euronav had best-ever revenue in 2005, but profit was only second place in comparison to 2004. Matson scraps two ships Two of the three oldest ships in the fleet of Hawaii specialist Matson are bound for the torch. 'In default'? Analyst says DryShips "appears" to be in default of one loan covenant and is likely to break others as its cash-flow picture turns bleak, but George Economou says critics have it wrong. Crewman died in gangway collapse UK inquest hears how Cuban sailor fell from bulker into icy water after chain snapped at Newport. BIMP-EAGA Shipping anyone? Brunei, Indonesia, Malaysia and the Philippines get together to launch new shipowning company. Japanese orders up Yards log first year-on-year increase in contracts since the summer of 2005. DFDS posts profit Danish ferry operator ends 2005 on the up but competition in the passenger sector as well as increased bunker costs take their toll. Green growth Evergreen pledges more 7,000-teu vessels to renew fleet and keep up with growing volumes of trade. CSSC chasing cash Huge Chinese state shipbuilding group ready to fund expansion with share issues by two subsidiaries. DryShips profits on more ships Expanded fleet helps improve results at Nasdaq-listed bulker firm, but underlining rates show decline. Gati forges new link Indian feedership operator adds Chennai to Colombo service with new ship. CKYH re-jigs Pacific routes COSCON, K-Line, Yang Ming and Hanjin alliance to offer more space and shorter transit times. Daewoo to "stay Korean" Worries over foreign involvement in defence technologies will mean sell-off of shipbuilder to domestic funds, report claims. Fredriksen nets more fish business Pan Fish issues fresh equity to fund more shares in competitor Fjord Seafood. Strong by the year at TBS The pride of the Westchester County dry cargo shipping industry is once more down by the quarter but up by the year. Fesco looks to London Russian boxship owner will list on LSE later this year to fund acquisitions and mergers. Fredriksen takes Deep Sea stake Tanker titan taking 20% stake in Oslo-listed offshore owner in return for 22 newbuilding contracts. Cargoship to be refloated Sunken Premship-X to be brought to surface in Philippines as oil booms go up.

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MARCH 16, 2006
CKYH alliance to reduce capacity to Pacific Northwest COSCO, Zim to start Mediterranean/West Africa loop Importance of U.S. crews on LNG tankers subject of webcast Hyundai to resume transpacific service to Long Beach Central, Eastern Europe express market ready for double-digit growth ACI reports 3% rise in air cargo in 2005 World Air delays filing 2005 annual report Cargolux to add third Hong Kong/Barcelona flight Lufthansa to resume flights to Bahrain North American Airlines to add second New York/Ghana flight ANA, Asiana in cargo code-sharing agreement ANA Group, SWISS team up, Air Hokkaido to close Poulton quits United UP raises first quarter earnings expectations Intercontainer-Interfrigo buys outstanding shares in Pannoncont AAR: Record low for rail accidents in 2005 RailAmerica's February carloads down 2.8% Holiday to affect U.S.-Mexico commercial traffic Barge strikes bridge in Annapolis, Md. Starbucks to arm containers with security device Weber opens new DC in Inland Empire Kohl named head of KOM International Eurinpro building warehouse in Belgium for DHL Exel Supply Chain Hellmann Logistics teams with Havertys Furniture Erickson's Flooring opens DC in Michigan business park Integrated Global Logistics opens offices For Sale: Waterfront property owned by Dubai Port of Long Beach's TEUs up 3.5 percent in February New steel facility slated for Port of Tampa Madagascar terminal to use Navis TOS

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MARCH 16, 2006
Denmark aims to be Europe's top shipping nation The Danish Minister for Economics and Business Affairs, Bendt Bendtsen, has launched a long-term plan, produced in cooperation with ... Danish shipping applaudes government master plan The chairman of Danish Shipowners Association, Torben Janholt, CEO of J.Lauritzen, is fully satisfied with the masterplan for the Danish ... EU Short Sea Shipping carried 1.8 billion tons In 2004, short sea shipping carried 1.8 billion tons of cargo, or 63.4 per cent of all EU maritime transport ...

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MARCH 16, 2006
African terminal secures finance for 50% expansion New terminal said to be first independent on-shore tank storage facility in the Horn of Africa has secured finance for 50% expansion. IMO to consider new fuel tank rules, ship emissions Environmental committee looking at resolutions on fuel tank design and establishing a ship emissions working group. Soft crude tempts Rotterdam lower New York market moves on from Shell's departure Biggest US East Coast bunker market already shaking off the exit of oil major. Singapore: Stocks of residual fuels and distillates up Crude prices fall on build in US inventories US crude oil inventories increased for the fifth consecutive week to a seven-year high. Shipping & aviation swamping CO2 emission reductions Study claims government data to be misleading due to exclusion of shipping and aviation emissions - with which CO2 emissions have actually increased.