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Premiums for Lebanon-bound vessels double after flare-up
INSURANCE costs for shipping companies operating near Lebanon more than doubled and some ships were required to alter their routes following Israel's blockade of the country's ports.
Tanker rates surge to 21-week high on vessel shortage
THE cost of shipping crude oil from the Middle East to Asia on two-million-barrel tankers rose to its highest in 21 weeks due to a shortage of ships for the first 10 days of August.
30 injured as cruise ship lists off Florida after steering trouble
A cruise ship listed heavily after leaving Port Canaveral in central Florida on Tuesday, injuring about 30 people who were flung across decks

Port Shots

Port Shots
INTERNATIONAL Container Terminal Services Inc, which operates ports in the Philippines and four other countries, said yesterday that it had asked a court in Guam to order a resumption of talks about a cargo facility in the US territory.

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Shipping News

Premiums for Lebanon-bound vessels double after flare-up
INSURANCE costs for shipping companies operating near Lebanon more than doubled and some ships were required to alter their routes following Israel's blockade of the country's ports.
Tanker rates surge to 21-week high on vessel shortage
THE cost of shipping crude oil from the Middle East to Asia on two-million-barrel tankers rose to its highest in 21 weeks due to a shortage of ships for the first 10 days of August.
30 injured as cruise ship lists off Florida after steering trouble
A cruise ship listed heavily after leaving Port Canaveral in central Florida on Tuesday, injuring about 30 people who were flung across decks

Port Shots

Port Shots
INTERNATIONAL Container Terminal Services Inc, which operates ports in the Philippines and four other countries, said yesterday that it had asked a court in Guam to order a resumption of talks about a cargo facility in the US territory.

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Jiangsu ports handle most cargo in China Middle East cargo surcharge being mulled Canadian Court rules in VPA's favour to continue truck licensing system Yang Ming appoints chairman as CEO Singapore issues block exemption order Hecny gains TAPA A-Class Certificate for HK warehouse U-Freight strengthens China executive team Boeing forecasts a doubling of freighters FedEx opens branch in Qingdao Martinair unveils new senior exec line-up

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CSAV NORASIA has service out of CCT on drawing board Orders for tankers triple CSAV Norasia launches new SuperGalex Service Gulf-to-Asia tanker rates at 20-week high due to MidEast conflagration India, Japan keen on easing trade curbs Tea exports rise by 20 pc in May Panama Canal may be widened Levy of taxes on services rendered at foreign ports unjustified-EEPC MICT assures trade of regular train services to/from Vadodara & Sabarmati ICDs with CONCOR's help Kandla Port sets another DAP unloading record CONCOR adopts new, ALTERNATIVE STRATEGY to evacuate JNP containers Freight rates may be hiked only annually ITF assures solidarity with bomb blast victims CLE welcomes new drawback rates PMO clears way for import of wheat at zero duty State's SEZ projects to attract Rs 70,000 cr. Meeting with Baltic team at IMC today

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Negri confirmed as Assiterminal president Aker Yards wins large newbuilding order Air France KLM opens European affairs liaison office Quo vadis Schenker? Eurotunnel two months from bankruptcy BAX Global service provider for Marshall Aerospace EC rejects call for night flight ban Berlin logistics network now available in the internet Canada to host 23rd international air cargo forum and exposition

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JULY 19, 2006
St Lawrence's good Q1 IMO "concerned" over Beirut evacuation Cruise ship injuries MAIB criticises Newhaven port

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JULY 19, 2006
Steering malfunction suspected in Crown Princess incident

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JULY 19, 2006
Olympia Port Commission President announces plans to leave position Port of Everett earns grant to reduce diesel emissions Evergreen Group Chairman named Commander of the British Empire Ports of Olympia, Tacoma to cooperate on logistics center Panama National Assembly votes to expand canal

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UK seafarers to get double pay in danger zone SEAFARERS on board UK controlled merchant ships are to be offered double pay, with the option of disembarking at a reasonable point, for going into the latest Middle East danger areas. US to waive repatriation charges THE US has agreed to transport its nationals out of Lebanon for free, thereby aborting a potential controversy. Dozens hurt as Crown Princess lists DOZENS of people have been injured, some seriously, after Princess Cruises' newbuild Crown Princess developed an unexpected list shortly after leaving Port Canaveral en route to New York. Rocketing fuel costs launches compensation debate by TSA SOARING bunker prices and how lines can be compensated for them in 12-month contracts topped the agenda at a meeting of chief executives from members of Transpacific Stabilization Agreement.

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JULY 19, 2006
Tanker escapes terminal blaze THE Norden-operated tanker Nord Europa survived a lightening-sparked conflagration at the Motiva Terminal in Providence, Rhode Island last night Tropical Storm Beryl forms off US TROPICAL Storm Beryl has formed off the US East Coast and is heading northward into shipping lanes serving major mid-Atlantic ports Princess suffers steering breakdown PRINCESS Cruises' newly delivered Crown Princess suffered a severe steering malfunction off Port Canaveral, Florida, yesterday Panama drops Filipino law course PANAMA has suspended the requirement for Filipino officers and engineers to take a maritime law course that was only imposed on 1 July German study calls for port plan CALLS for a national port development plan in Germany have been given fresh impetus by a study commissioned by the secretary of environment Fesco loan takes HSH to Russia Scottish exercise tests co-ordination Boxship master dies in cabin Migrant Watch: US/Caribbean #1 Canberra charters for evacuees

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JULY 19, 2006
Pacific Northwest ports in rail pact Washington ports of Tacoma (left), Olympia form partnership to improve regional rail system capacity, establish logistics center. Court upholds Vancouver truck-licensing system Steel fires Seaway trade All fuel off Safmarine ship ICTSI sues Guam port Trinity Industries to sell Europe rail business BA adds premium pharma service NYK Logistics doubles transportation revenues Famous Pacific Shipping expands in Central Europe

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JULY 19, 2006
Antwerp to tackle 'disappointing' Asia-Europe growth of 2% Antwerp is to tackle factors leading to a 'disappointing' 2% rise in Asia-Europe volumes this January-June, despite the opening of the Deurganckdok, trouble at Rotterdam and new Antwerp services. Mombasa gears up for future growth Kenya Ports Authority Board chairman Joseph Kibwana says the authority can deliver the 420 moves/vessel/day required under a new performance contract signed with the Government for 2006/07. Rates and dates not making waves in summer status quo Court backs Port of Vancouver in trucking intervention BALtrans acquires Gothenburg Shipping Logistics Five firms bid for Panama new port Peak season surcharges for Asia/Australia trades New Zealand butter ban lifted COSCO Pacific sells 20% stake in Shanghai CIMC CSAV Norasia launches SuperGalex and expands RTW

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JULY 19, 2006
240 hurt on Crown Princess Three passengers and two crew remain hospitalised in Tuesday's list, Princess says, as probe of cause gets underway. Jones Act giant US Shipping confirms plans to build nine US flag products tankers at San Diego's Nassco shipyard, making $1bn series main challenger to OSG in cabotage trade. Cantor likes tankers Genmar, OMI Corp and TEN win upgrades from New York bank, while TOP Tankers and Arlington mark time. Crew of fire-ravaged ship found Panama-flagged cement carrier located after a week adrift off Sri Lanka with all 30 crew safe. Private equity buys US yards Former US navy secretary John Lehman's private equity group is buying Jacksonville and Mobile shipyard group Atlantic Marine. Lithuania gets a break European commissioners green light new 10-year tonnage tax scheme. Norden tanker flees lightning fire Blaze engulfs dock near fuel tanks as fireball fills Rhode Island night sky. Fidelity swoops on K Line US investor picks up 7% of shares in K Line as stock price touches 52-week low. Wilson spend tops NOK 1 bn Purchase of the Linito brings owned fleet for Bergen operator to 58. Five in for Panama port Ports players like AP Moller, Hutchison and PSA vie for big terminal contract at Panama Canal entrance. Tri-Marine gets apology Greek bulk carrier was detained for only four days rather than the three weeks the UK Maritime and Coastguard Agency originally claimed. Havyard Leirvik gets facelift Norwegian shipbuilder to lengthen drydock to cope with record offshore order levels. Reefer stowaway bunch detained Californian port officials find unappealing cargo amongst bananas onboard reefer from Ecuador. Songa halves losses Arne Blystad's drillship and rig company improves on tough 2005 in first half of 2006. Turkish ferry double-booked Frustrated Australian government officials look for new ship to take evacuees from Lebanon. Armada bound for Beirut Sea lanes between Lebanon and Cyprus set to see up to 20 merchant ships involved in evacuation. Cosco bulker reaches port Three tugs help refloated Zhi Qiang into Port Moresby after it grounded on 1 July. Terror fears over Beirut ships US orders buildup of military vessels off Lebanon to counter any threats to maritime evacuation. Samsung gets drill order Identity of European buyer not revealed for $582m drillship for delivery mid-2009. MS Tanker adds a third MOL and Sinotrans joint venture to bolster tanker fleet with first double-hulled newbuilding VLCC. Veder seals gas order Dutch shipowner orders first LNG carrier on the back of contract from distributor Gasnor.

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JULY 19, 2006
COSCO streamlining investment in container company Evergreen's Chang recognized for services to U.K. shipping GT Nexus reports 150% climb in TEUs managed through portal MOL picks Birnbaum for Central China marketing role, Prado joins Olympic Airways names Globe Air Cargo as U.K. agent CSX's profit rises 136% in second quarter Schneider receives incentive package to locate in Illinois DHS seeks candidates for COAC Business group frustrated by free trade talks Weber inks five-year deal with California Innovations Humes appointed president of NLM Mach 1 receives BASC certification from Texas chapter Canada court sides with Vancouver port in truck licensing dispute ABP shareholders accept Goldman Sachs consortium offer Ports of Olympia and Tacoma reach pact on regional rail, distribution center Hong Kong's throughput up 4% in June Port of Antwerp's first half volume up 11%

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JULY 19, 2006
US oil inventories recover Recovery across the board for US crude oil imports, refining and oil inventory levels. Kazakhstan eyes Latvian oil terminal In a bid to diversify potential outlets for increasing Kazakh crude oil production, the Kazakh government has expressed interest in acquiring a stake in Ventspils Nafta. Founder of global broker outfit dies Founder of Cockett Marine fuels and author of bunker reference book has passed away. Bunker fuel leak after shipyard explosion Following an explosion at a shipyard in Laem Chabang, bunker oil has leaked into surround waters and polluted local beaches. New bunker barge rates in the Houston area New barging rates will come into froce in the Houston area from August 1. Rotterdam market softer in line with crude Singapore: Prices drop amid good avails Bunker traders expect strong demand over the next couple of days. Singapore supplier completes second debunkering Chemoil advises on new US bunker delivery tax New fees will apply to all bunker deliveries made in the US following reinstatement of the Oil Spill Liability Tax.