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Shipping News

MPA urges vessels to slow down in Singapore Strait
SPEEDING is a problem not only on Singapore roads but also in the Singapore Strait - and the Maritime & Port Authority has issued a circular to the shipping community urging vessels to slow down in the narrow and congested waterway.
HK container volume up 4.2% in Oct
HUTCHISON Whampoa Ltd, PSA International and other operators at Hong Kong's sea port handled 4.2 per cent more containers in October, helped by China's rising trade.
Daewoo Shipbuilding's profit in Oct rises 37% to 23.5b won
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipyard, said its profit in October rose 37 per cent from a year earlier because of a stronger won against the US dollar.
Vietnam oil tanker firm eyes Dec 21 share debut
UK broker to float on AIM before year-end

Admiralty Casebook

Limits to the 'perils of the sea'
THE sinking of a timber barge in calm waters while tied alongside a wharf is not a loss that can be said to be caused by the 'perils of the sea', a Canadian appeals court ruled last month.

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Shipping News

MPA urges vessels to slow down in Singapore Strait
SPEEDING is a problem not only on Singapore roads but also in the Singapore Strait - and the Maritime & Port Authority has issued a circular to the shipping community urging vessels to slow down in the narrow and congested waterway.
HK container volume up 4.2% in Oct
HUTCHISON Whampoa Ltd, PSA International and other operators at Hong Kong's sea port handled 4.2 per cent more containers in October, helped by China's rising trade.
Daewoo Shipbuilding's profit in Oct rises 37% to 23.5b won
DAEWOO Shipbuilding & Marine Engineering Co, the world's second-largest shipyard, said its profit in October rose 37 per cent from a year earlier because of a stronger won against the US dollar.
Vietnam oil tanker firm eyes Dec 21 share debut
UK broker to float on AIM before year-end

Admiralty Casebook

Limits to the 'perils of the sea'
THE sinking of a timber barge in calm waters while tied alongside a wharf is not a loss that can be said to be caused by the 'perils of the sea', a Canadian appeals court ruled last month.

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New World Alliance cuts 4,000 TEU capacity in slack season Softship releases new LIMA software for shipping lines Matson's new ship makes maiden call at Shanghai Sinotrans cold storage plant in Shanghai starts operations Hanjin Shipping invests in modernising management system CMST inks co-operation deal with Prologis Dragonair's October cargo volumes grow by 2.8pc Korean Air's 3Q net income rises to US$135m NCA ends UK cargo handling pact with ANA

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Seaworld, Kanoo Shipping enter into strategic partnership K Line to open maritime training institute in city Oil rig suppliers gain as spot rates shoot up Ruzikulovich lures textile industry with tax sops Engineering exporters expect a 'fair' deal from Egypt, Africa EU drags India to WTO over duties on wine, spirits With SEZ in pocket, Sandesara group dons mantle of port developer Railway freight earnings up by 16.30 pc during April-Oct. Birla firm to supply CONCOR 900 flat wagons CONCOR schedules fixed-day, weekly services between Jaipur & MICT Delta Airlines makes amazing turnaround US to help develop aviation infrastructure Manufacturing sector poised to take economy to greater heights, says CII-ASCON study 2009 export target may be hit in 2008, assets Commerce Secretary Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan Fieo workshop on 'Export Documentation' today AIAI to hold B2B meeting with Polish team today

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NOVEMBER 16, 2006
New president for IG Cargo New World Alliance announces winter service profile US Airways to take over bankrupt Delta Air Lines Hyundai improves Slovakia'Rotterdam intermodal service Cool Chain Group and Aimar/SAC formed cooperation Estonia: state to keep its railway for the next few years MEG using Cargoclix to search for transport services

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NOVEMBER 16, 2006
French ferry operator fined Singapore speed limits reminder BW Gas reports record Q3 MOL charters space on Vietnam-Japan route

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NOVEMBER 16, 2006
Conrad to build LNG terminal/escort tugs

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NOVEMBER 16, 2006
Washington Ecology Department moves Neah Bay tug work to Crowley Trade across US borders jumps 11 percent in 2005 Portland Airport offers cell phone waiting area Port of Tacoma taps Eagan as government affairs manager Mitsui O.S.K. Lines adding new Vietnam service

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BP clinches LNG ship deal with Abu Dhabi Abu Dhabi's National Gas Shipping Co (NGSCO) is taking responsibility for the technical management of its whole fleet of liquefied natural gas carriers following an agreement with BP affecting four vessels. Kinnock's clock calls time on job as BIMCO adviser Neil Kinnock has resigned his post as special adviser to BIMCO because, he says, he has no time to do the job. Virus hits 700 people on Carnival cruiseship MORE than 700 people have been affected by an outbreak of norovirus on board the Carnival Liberty, writes Sandra Speares. Online exchange Global Slot Network off to slow start GLOBAL Slot Network, the online trading exchange for containerised cargo set up by shipbroker Clarksons and Synchronet Marine, has gone live ' albeit with more modest ambitions than previous e-commerce ventures.

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NOVEMBER 16, 2006
Liberty outbreak caps norovirus wave TRANSATLANTIC 16 November ' Almost 20% of passengers and more than 10% of the crew aboard Carnival Liberty's trans-Atlantic cruise are suffering from gastrointestinal illness ' the latest in a long year of norovirus cases Seafarer dies in discharge accident A Filipino seafarer died this morning in an accident that occurred during the discharge of a bulk carrier at Helsingborg, Sweden Rogue wave strikes in Pacific REPORTS are surfacing about a 21m-high rogue wave in the Pacific that struck the sideloader Westwood Ponoma on Sunday night VLCCs fuel ASRY growth ARAB Shipbuilding & Repair Yard in Bahrain, expects to achieve a net operating income of $135M in 2006, well ahead of 2005 SCA win pollution case compensation SUEZ Canal Authority has received a $3.2M in compensation from the owner of the Suezmax tanker Anna PC, which polluted the canal after running aground Hurtigruten on road to recovery GDF-Suez merger creates LNG giant Fairplay exposes ISPS non-compliance BC Ferries seeks missing logbook Korea increases LNG imports

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NOVEMBER 16, 2006
Industry lobbies Congress hard for passage of waterways legislation Supporters of Water Resources Development Act bombard Capitol Hill with calls, urging passage before Congress ends current term. Pacer names Uremovich as chairman and CEO Horizon Lines shares fall on secondary stock offering NYK gets Vietnam nod EU facing new banana fight MOL opens Japan-Vietnam route RailAmerica to be sold Sri Lanka plans tax breaks to boost shipping TNT sells freight forwarder India opens new box hub National acquires Murray Air Customs Update: $10 million and counting!

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NOVEMBER 16, 2006
Senator's 'Concept 2007' to release 240,000 teu annually Senator Lines has confirmed details of its "Concept 2007" withdrawal from various services, and has now put the amount of capacity it will release at 240,000 teu a year. COSCON launches first direct transpacific loop from Yantai COSCON started the first direct service linking Yantai and north America on Tuesday, and will launch a new China-Japan loop tomorrow. Chittagong Port resumes operations, following end of blockade Charleston terminal still on the road to nowhere "Buy" call and better 2007 rates forecast spark China COSCO share surge Rotterdam boxes clock up 2.9% rise in January-September Investors welcome China Merchants' Mawan Port purchase from parent SCI orders two containerships from Hyundai Samho Chinese transport infrastructure construction company prepares for IPO Toll reconfirms Patrick's investment programme TNT freight management buyer is GEODIS WTO chief urges APEC business leaders to push for trade consensus New Zealand to build stadium at Auckland waterfront

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NOVEMBER 16, 2006
Sovcomflot stands by Skuld Russian shipowner replies to criticism of Norwegian club and backs mutual merger. Sweetening the pot? OMI could bump up dividend, announce further shares buybacks off of today's board of directors meeting. Lower Horizon US-flag boxship line sees shares dive 5% after insiders file to cash out 2.7m shares. Maersk boxship held in Japan Sea-Land Innovator one of 24 ships on October detention list, with crew certificate deficiency. Sell SFL! Market reacts sharply after Citigroup claims Frontline spinoff likely to cut dividend after 2008. Filipino ups and downs Success seen in 9% rise in seafarers' employment, but owners are still concerned over crew standards. One dead in Swedish port Filipino crew member dies and five others are taken to hospital after mystery incident on general cargo ship in Helsingborg. Thank you and goodnight Former Horizon owner Castle Harlan prepares final cashout to coincide with soaring share price. Sri Lanka offers tax breaks Domestic shipping industry receives budget boost as government lines up incentives. No bids for Scottish service Opening up of ferry routes to competition in disarray after no one fancies Gourock to Dunoon run. Seacor ups buyback power US-listed operator tops up share repurchase pot. Clarksons settles report row UK broker to make out of court payment to Abu Dhabi company over alleged misleading boxship info. Huge virus hits Carnival ship Up to 700 people left ill after suspected case of norovirus during transatlantic voyage onboard Carnival Liberty. RCL crashes Nine-month earnings slashed by higher costs and stronger Thai currency at intra-Asian box line. Teekay puts stamp on Petrojarl Tanker giant wants to change name of 64%-owned FPSO company to signify majority control. SembCorp cuts Cosco stake Shares in Chinese-backed repair and bulk group fall sharply after shipbuilder chops holding by nearly a fifth. BC wants logbook probe Canadian ferry operator asks police to investigate disappearance of vessel operating records. Jadroplov claws back gains Croatian boxships and bulker owner turns it around in the third quarter though sales remain depressed. Hurtigruten doubles up Strong demand for trips to Svalbard sends sales and income soaring but expenses follow suit. Summer slump for Namsos Norwegian ferry owner's third quarter result slips into the red. MOL targets Vietnam Owner to launch service between Japanese ports and Vietnam by taking space on OOCL ships. CSCL revenues up 9% China Shipping Container Lines also sees a 20% jump in container volumes in third quarter.

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NOVEMBER 16, 2006
More lines cutting capacity to halt rates dive Asian shipper group lauds latest EC decision on liner conferences BIMCO to EC: Add international goal to future maritime policy APL's volume up, revenue down MOL to join OOCL's Japan/Vietnam loop Germanischer Lloyd opens two more offices in Vietnam SCI orders two 4,400-TEU ships Hanjin opens new Felixstowe office Westwood ship hit by rogue wave Con-Way name change spells out truckload capabilities Pacer names Uremovich to lead company FTA names Snelling head of rail, supply chain policy IAS to expand virtual container yard nationwide GAO questions application of CBP's bond test on shrimp importers USDA allocates $200 million to promote U.S. ag products overseas Blue Sky partners with Singapore firm in Asia market GEODIS buys TNT Freight Management for 460 million euros IJS Global expansion campaign reaches Brazil FMC reviews 9 OTI license applications Flynn decries federal security mentality in Long Beach speech Charleston expects permit for new terminal in April Egan named government affairs manager at Tacoma

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NOVEMBER 16, 2006
Save 30% on fuel costs with new technology Solutions being offered for squeezing the bunker barrel for greater fuel efficiency. Future fuel prices a 'major unknown' Shipowners facing increasing challenges and millions in extra costs. Personnel changes at Chemoil Chemoil announces a move, a promotion and a new employee. INTERTANKO unfazed by critics INTERTANKO stands by its radical distillate proposal but says it is just one of several approaches to a MARPOL Annex VI revision. 'Vegetable oil' trials progressing well Trawler running well on environmentally friendly vegetable oil in North Sea trials, but at a cost. Star Cruises in the red as fuel prices rise by a third 83% rise in Q3 profit not enough to salvage cruise operator from profit loss during first nine months of 2006. Relocation for Greek trader Platts benchmark dropped in fuel oil cargo trade A fuel oil cargo in Singapore has been sold without reference to the traditional benchmark provided by Platts. Rotterdam market firming again Singapore: Stocks of residual fuels at 13-week high OPEC revises global oil demand upwards An upward revision of 100,000 bpd of global oil consumption is forecast this year. Singapore uncompetitive to Port Klang despite falling prices Malaysia's Port Klang 380 cst prices are about $3-5 lower compared to Singapore's.