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Shipping News

Ministers call for steps to secure containerised supply chain
REPRESENTATIVES of 14 countries, including the US, China, Japan and the UK, have urged further measures to tighten up the security of the sea-going containerised supply chain.
EU lawmakers set to reject ports Bill
THE European Parliament is set to reject a plan to open up EU port services to greater competition which has sparked violent demonstrations and mass walkouts by dockers, lawmakers said yesterday.
Berlian Tanker may list overseas
PT Berlian Laju Tanker, Indonesia's biggest shipping company by market value, said it plans to sell shares overseas.

Strait Talk

Mutual insurers squeezing out bad ship operators
THE mutual liability insurers for the international shipping industry, the so-called protection and indemnity clubs, have not been having an easy time recently.

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Shipping News

Ministers call for steps to secure containerised supply chain
REPRESENTATIVES of 14 countries, including the US, China, Japan and the UK, have urged further measures to tighten up the security of the sea-going containerised supply chain.
EU lawmakers set to reject ports Bill
THE European Parliament is set to reject a plan to open up EU port services to greater competition which has sparked violent demonstrations and mass walkouts by dockers, lawmakers said yesterday.
Berlian Tanker may list overseas
PT Berlian Laju Tanker, Indonesia's biggest shipping company by market value, said it plans to sell shares overseas.

Strait Talk

Mutual insurers squeezing out bad ship operators
THE mutual liability insurers for the international shipping industry, the so-called protection and indemnity clubs, have not been having an easy time recently.

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Singapore takes over from HK as number one container port in world Dockers strike throughout Europe Tianjin Port's IPO proposal turned down a second time Construction of Western cross-border corridor near completion Malaysian ports handle 12m TEU in 2005 GGL Line comes to Lion City Nanjing to invest US$4.37b on roads Construction of new river terminal starts in Wuzhou Taiwan's China Airlines buys 25 per cent stake in mainland cargo carrier Lufthansa Cargo handles less freight in 2005 Mexican newcomer Volaris orders 56 Airbus planes

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Fresh global bids for Sethu dredging to be invited MSC India proves its mettle in Mumbai marathon Heartening surge in exports during December Crude palm, soyabean oil base import prices reduced Chinese garments enter through Nepalese route DEPB scheme does not clash with WTO norms, asserts EEPC Auto components exports may touch $ 2 bn Kopt slashes dry dock hire and marine-related charges Mundra Port sets yet another 1-day unloading record Lion's share of PPT's investment to be in road, rail connectivity ABG Shipyard decides to buy Fujairah facility Vizag Port sets new 1-day MoP unloading record Private players making tracks to container freight biz ICD owners feel let-down 4 manufacturing sectors poised to get fiscal relief Centre, states to review VAT implementation on Jan. 30 Kamal Nath invites quebec firms to invest in India BCC&I seminar on innovative trade facilitation strategies today GDL Board meet on Jan. 27 Varun Shipping may declare 2nd interim dividend

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JANUARY 17, 2006
New EWS manager to target Scottish railfreight Malta Motorways of the Sea purchases new ro-ro car ferry Third Varig Log full-freighter service back in the air EWS sees new railfreight market for dry bulk transport technology Gazeley sells Swiss logistics facility Tougher Australian checks on foreign shipping crews New Fiata website now on-line Fruit Logistica opening in Berlin on 2 February

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JANUARY 17, 2006
P&I clubs hit by "churn effect" Farstad orders PSV Singapore busier than Hong Kong Indian court defers ruling on carrier

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JANUARY 17, 2006
Ezra orders deepwater AHTS's Smedvig orders further tender rig VT Halter to build fourth NOAA ship

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Reinsurers struggle for shelter after US hurricanes REINSURERS, who provide backstop cover for the primary insurance sector, are struggling to clinch their own umbrella cover for energy risks, it has emerged. Oil prices climb as militants take action OIL prices climbed to three-month highs as US traders came back to the market and worried about future supplies from Nigeria and Iran, writes Martyn Wingrove. Barrot isolated as MEPs maul doomed ports directive EURO MPs lined up to criticise the draft port services directive yesterday ahead of what is now thought to be certain defeat for the European Commission in today's voting session.

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JANUARY 17, 2006
T&T names new energy boss DR Lenny Saith will take over as Trinidad & Tobago's new energy minister after last week's resignation of Eric Williams in the wake of bribery allegations Poland seeks Ukrainian welders GDANSK Shipyard in Poland has put out a plea to welders and fitters on the Ukraine's Black Sea coast to apply to work at the Baltic shipbuilder ABG Shipyard looks to expand RECENTLY-listed ABG Shipyard in Mumbai, the largest private shipyard in India, today reported an 80% rise in net profit for the three months to 31 December 2005 Arabs buy more Brazilian livestock AGRICULTURE and livestock products accounted for two-thirds of Brazilian exports to the countries represented by the Arab Brazilian Chamber of Commerce last year Silversea Cruises to list in Oslo Storey to drive UK shipping forward MEPs debate port services directive

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JANUARY 17, 2006
UK set to OK Felixstowe expansion Expected approval by London of proposed terminal expansion will boost Britain's total container-handling capacity by nearly 7 million TEUs. Defeat seen for EU port bill Curbs boost U.S. textile, apparel Former Customs official Maner resigns Northwest, machinists closer to new contract Developer is new S.C. ports chair S. Korea air cargo flat in '05 Concor Q3 net up 34% Hellmann, SCM pact aims for minority markets

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JANUARY 17, 2006
Accusations of 'democratic deficit' fly'in one-sided debate Accusations of 'undemocratic' behaviour were hurled at the European Commission by Members of the European Parliament from across party-groupings this morning. Dutch/Australian PPP gets Betuwe Line concession Netherlands transport minister Karla Peijs has granted the concession to manage the Betuwe dedicated freight-line for the first five years after its planned opening on January 1, 2007. CI Awards voting continues Trucker: less cargo not regulation is reason for fewer HK journeys P&O shares creep higher PSA and Samsung to build another Inchon berth Amsterdam scores 100,000TEU in benchmark year Abu Dhabi to develop new port LA gives grant for green tractors

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JANUARY 17, 2006
Shipping flies high Goldman Sachs believes Asia Pacific shipping companies will outperform the region's airlines over the next year. "Heaven or hell" for dry bulk Chinese imports of iron ore this year will grow by either an infernal 15% or a paradisical 25%, broker says. GEM deal for Hyundai Dubai based tanker start up returns to South Korea for $180m chemical carrier contract. UK tanker detention row A UK-flag products tanker detained twice this month is at the centre of a dispute between its managers and Germany. UK Club opens books Preview of result from the largest of the P&I mutuals points to tough year and further underwriting loss. New line for Africa? Eastern and southern African trading bloc Comesa wants its own vessels to cut transport costs. Shreyas keeps options open Indian boxship owner to issue up to $15m in shares, bonds or depository receipts at home and abroad. Vinalines in the money Healthy profit for Vietnamese shipping group in 2005 as revenues increase. Vancouver hires Cerescorp NYK subsidiary to provide cruise ship stevedoring and terminal service at Canadian port. Prisco getting busier Russian tanker owner boosted oil volumes during 2005 and is aiming for another jump this year. HSBC joins churn chorus Insurance broker warns of premium threat posed by fleet renewal. More for Ezra Singapore owner adds another two anchor-handlers to its orderbook at domestic yard Pan United. Miners dig deep Nippon Mining and Mitsui Mining to order new bulker to replace current vessel. Bonus bonanza NOL boss David Lim can look forward to a prosperous Chinese New Year with $270,000 bonus. NOAA takes up Halter option Singapore firm's US yard to build fourth $30m fisheries survey vessel for US government agency.

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JANUARY 17, 2006
Norasia's Safdar leaves to join former CEO's new venture Norasia, Hapag-Lloyd increases capacity on Asia/Black Sea loop APL reports no damage to cargo aboard grounded ship Storey takes honorary role at Hatsu, named chamber of shipping president Airbus tops Boeing's orders in 2005 A1Express updates branding image Old Dominion Freight Line to buy UW Freight Line assets Seminar to teach Japanese companies about C-TPAT European dockworker protest turns violent in Strasbourg Miami may extend truck gate hours Dunkirk's box volumes up 2% in 2005

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JANUARY 17, 2006
Swedish ship operator md jailed The managing director of Destination Gotland, the operator of the ferry services between the Swedish mainland and the island of ... DFDS chartered ro-ro caused a collision The Norwegian owned ro-ro "Tor Dania" seems to take the blame for a collision last week in the approach ... Kystlink looks for debt settlement Langesund-based passenger/car ferry operator Kystlink has called on all creditors to meet on Tuesday next week to negotiate ...

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JANUARY 17, 2006
Accident closes Port Arthur ship channel Coast Guard predicting 2-day closure preventing barges from resupplying Houston market. Marine Exhaust Solutions 'going its own way' Scrubber company expanding European sales presence with new office and new partnership. Supply worries push crude prices to 3-month high Concerns over supplies from Nigeria and Iran have kept oil markets supported today. Rotterdam market follows crude higher Future brightstock deficit to hit marine lubes market Consultant predicts significant supply/demand imbalance for brightstocks, leading to price rises which will be passed on to end-users including marine oil buyers. Asian owners predict tougher market conditions Shipping rates set to come under pressure while bunker prices show no signs of easing. $6 million contract awarded for oil spill monitoring project MarCoast consortium awarded $6 million contract to monitor and manage marine oil pollution. Fujairah bunker market valued at $3.4 billion in 2005 Fujiarh bunker market valued at $3.4 billion in 2005, bringing value of Middle East fuel oil market to $11 bIllion.