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Shipping News

Cosco to form US$98m JV in Tianjin
COSCO Shipping Co, a unit of China's biggest shipping company, will form a US$98 million joint venture with its Hong Kong unit in Tianjin to expand business in northern China.
CVRD to develop 'Chinamax' ships
BRAZILIAN miner Companhia Vale do Rio Doce, or CVRD, is working on a shipping cooperation with China's Shougang Group to cut transport costs and make CVRD's iron ore more competitive against its Australian rivals, a senior executive said.
Tighter security standards ahead
A container ship, the 'Marie Maersk', being loaded with boxes on the docks of Port Elizabeth on Monday.

Strait Talk

Classification system: takeover battle highlights its evolution
THE past few weeks have been interesting ones for the observers of the classification society scene, as French-based Bureau Veritas sought to take over German-based Germanischer Lloyd.

Port Shots

Port Shots
SRI Lanka on Monday unveiled a US$1.2 billion plan to expand the island's main sea port to triple its container handling capacity, the Sri Lanka Ports Authority said.

web site

Shipping News

Cosco to form US$98m JV in Tianjin
COSCO Shipping Co, a unit of China's biggest shipping company, will form a US$98 million joint venture with its Hong Kong unit in Tianjin to expand business in northern China.
CVRD to develop 'Chinamax' ships
BRAZILIAN miner Companhia Vale do Rio Doce, or CVRD, is working on a shipping cooperation with China's Shougang Group to cut transport costs and make CVRD's iron ore more competitive against its Australian rivals, a senior executive said.
Tighter security standards ahead
A container ship, the 'Marie Maersk', being loaded with boxes on the docks of Port Elizabeth on Monday.

Strait Talk

Classification system: takeover battle highlights its evolution
THE past few weeks have been interesting ones for the observers of the classification society scene, as French-based Bureau Veritas sought to take over German-based Germanischer Lloyd.

Port Shots

Port Shots
SRI Lanka on Monday unveiled a US$1.2 billion plan to expand the island's main sea port to triple its container handling capacity, the Sri Lanka Ports Authority said.

web site

Shipping News

Cosco to form US$98m JV in Tianjin
COSCO Shipping Co, a unit of China's biggest shipping company, will form a US$98 million joint venture with its Hong Kong unit in Tianjin to expand business in northern China.
CVRD to develop 'Chinamax' ships
BRAZILIAN miner Companhia Vale do Rio Doce, or CVRD, is working on a shipping cooperation with China's Shougang Group to cut transport costs and make CVRD's iron ore more competitive against its Australian rivals, a senior executive said.
Tighter security standards ahead
A container ship, the 'Marie Maersk', being loaded with boxes on the docks of Port Elizabeth on Monday.

Strait Talk

Classification system: takeover battle highlights its evolution
THE past few weeks have been interesting ones for the observers of the classification society scene, as French-based Bureau Veritas sought to take over German-based Germanischer Lloyd.

Port Shots

Port Shots
SRI Lanka on Monday unveiled a US$1.2 billion plan to expand the island's main sea port to triple its container handling capacity, the Sri Lanka Ports Authority said.

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Shekou CT to merge into mega terminal on DP World sale SITC Logistics to become mega transport entity in China CMA-CGM reported bid for Wan Hai Lines takeover denied NYK Shipmanagement opens training centre in Singapore Port of Qinzhou to welcome 100,000 ton vessels in spring 2007 STL to open offices in India, Iran Port of Napier sees box throughput rise 9pc in 2006 China Southern Airlines takes top award from Ascend TNT opens global express hub in Penang CH Robinson buys India forwarding companies

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CMA CGM launches new EPIC II service between Europe, India & Pakistan GE Shipping earmarks $ 380 m to acquire 9 product tankers Varun Shipping acquires LPG carrier T. N. Pandey retires from GE Shipping's Board Essar Shipping to re-enter oil hunt with 14 rigs Simatech & Sima Marine appoint Opal Shipping as Indian agent in Kandla & Mundra Maritime University plan making progress-Baalu ABG bags major repeat order from vroon Offshore b.v. Orissa govt signs MoU with Chennai co. to develop Kirtania port on BOOT basis Allcargo signs MoU with MP govt to set up 2 state-of-art ICDs CII making determined bid to lure Japanese SMEs AL firms allowed to export sugar

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DECEMBER 19, 2006
Van der Maarel joins Christian Salvesen GL sold to Hamburg entrepreneur Lufthansa orders Boeing aircraft New Polish container train by PCC Canadian National Railway investment budget for 2007 DKSH group opens new facility in Thailand EU Parliament passes EUR 5 and 6 emissions standards

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DECEMBER 19, 2006
"Disappointed" BV concedes defeat over GL NOS expands Robberies in Angola, Argentina and Ghana Strong 11 months for Marseilles Umoe Schat-Harding buys hull cleaning firm

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DECEMBER 19, 2006
OSG to pay $37 million in pollution penalties USCG rethinks Great Lakes live-fire training plan Syncrolift for Techport Australia complex Offshore SCORE up again

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Owners back class societies over mutual recognition row SHIPOWNERS, shipbuilders and marine insurance interests have supported classification societies in their belief that the mutual recognition of equipment certificates issued by class will reduce safety. OSG gets record $37m fine for oil offences OVERSEAS Shipholding Group has set a new record in oil dumping penalties stateside, agreeing to pay the US government more than $37m to settle a plethora of federal criminal cases. ACP and ICS thrash out canal toll rises REPRESENTATIVES of the Panama Canal Authority have met with the International Chamber of Shipping for preliminary discussions on the issue of toll increases required to pay for a $5.25bn expansion of the waterway.

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DECEMBER 19, 2006
Caribbean cruises falter further MIAMI 19 December ' Pricing for cruising's "bread and butter" Caribbean itineraries continues to fall, according to a new survey by AG Edwards analyst Tim Conder. Denholm moves up in UK agency A NEW acquisition has taken Denholm Barwil, the agency arm of the J&J Denholm shipping group, into the top three UK agency groups, DB believes Chevron adds US refining capacity CHEVRON USA has completed an upgrade to its Pascagoula, Mississippi, refinery, increasing capacity by 10% to more than 130,000 bpd PNG service collapse bites Adsteam SHAREHOLDERS in a short-lived Papua New Guinea ferry service are suing two Adsteam Marine subsidiaries for US$106M, reportedly alleging breach of contract Graig safeguard against skill shortage UK-based Graig Group is seeing the benefits of being involved in more than one Asian country Filipinos want state cargoes SHIP owners in the Philippines have urged their government to back their bid for priority in carrying state-controlled cargoes such as rice and coal California sets sulphur content date SNCM ready to fight back OSG agrees to record 'magic pipe' fine

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DECEMBER 19, 2006
U.S., Panama reach trade pact The deal, which is still subject to talks about labor, could create a bounty for U.S. companies working on the Panama Canal's expansion. Deltaport 'digging out from under' CMA CGM, Hapag-Lloyd to launch second EPIC service Trucker turnover accelerates Sri Lanka to expand Colombo port Hong Kong airport plans tender for cargo terminal Asia-Europe shipping lines to raise rates CP Rail to boost capital spending Delta files reorganization plan FedEx acquires UK express company UPS COO to retire Tariff publisher Olsson dies

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DECEMBER 19, 2006
St Petersburg sees "big squeeze" for winter With a continuing cargo-boom and slow importer clearance-rates, containers are practically squeezing into St Petersburg, after terminals introduced container-yard "quotas". Bangladesh opposition to strike on Thursday Bangladesh's Awami League led 14-party alliance has called for a country-wide strike on Thursday, reprising the mobilisation which has intermittently blocked the country's transport system. Port security task force recommends user fees OOIL shareholders approve North American ports sale unanimously Australia-North America services improved Wan Hai and PIL add Aden and extra capacity to FES India to develop Myanmar port to serve northeast India Maersk Logistics and Maersk Line could double Vietnam business after WTO entry Russian terminal operator shareholders confirm final settlement

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DECEMBER 19, 2006
Brits bag nine Four out of nine ships detained by UK port-state control authorities last month were from white-list flags. Damage report OSG stock trades flat and analysts are upbeat, but public perception harder to measure after leading shipowner is bashed in Boston. Massive VLOC plans Brazil's Docenave is planning a fleet of 10 or more monster bulkers to serve the China ore trade. OSG pays record $37m penalty New York owner settles three-year investigation covering 12 ships, six ports and is slammed by US for greed motive in failing to detect violations. Gourdomichalis goodbye Founding brothers get hold harmless deal as they quit and sell shares in Nasdaq listed dry bulk operator. PDZ pushes into Persian Gulf Malaysian boxship operator wants to cash in on growing trade to Middle East. CSAV ships hit ITF campaign against Chilean line has netted another German-owned ship but one got away. Sheth v Sheth Great Eastern companies battle each other for ONGC offshore ship tender. Crew ships for Damen Dutch dredging company Jan De Nul orders three workboats from domestic shipbuilding group . Master cleared in whale clash probe Japanese ferry captain Hitoshi Ogawa found not responsible for collision which injured six passengers in March. Finstaship seals Shell charter Finnish owner sending two icebreakers to Beaufort Sea for oil major. Cargill takes Triton Diana Shipping panamax chartered for up to three years plus with options for a further 13 months. Aker takes DOF order Norwegian offshore player signs for a construction vessel at compatriot yard in deal worth $80m. Austal worker dies from gunshot US yard colleague charged with murder after welder dies in hospital from head wound. Navibulgar gets the cash Bulgarian state shipowner secures $70m loan to fund its three new bulkers at Varna.

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DECEMBER 19, 2006
Adsteam agencies hit by $106 million claim All cars aboard "Cougar Ace" to be scrapped MSC swaps Piraeus with Taranto on Asia/Med services Unifeeder cutting St Petersburg capacity by 50% MacAndrews promotes Haykal to U.S./Indian subcontinent trade manager FedEx buys U.K. express firm ANC for '120 million Delta spurns US Airways overture Qatar Airways to buy 777 freighter UPS COO Beystehner retires Pacific National awarded Australia's largest freight rail contract Intercontainer launches shuttle trains serving Hamburg, Bremerhaven Saddle Creek forms transportation services division MARC 2000 merges into Waterways Council EC adopts customs code security amendment DHS tries to rein in proliferation of ID programs Runner's World selects Menlo for Southeast Asia distribution Prologis building warehouse for NYK in Norfolk Group seeks port security enhancements Panama Canal plans repairs Virginia budget includes $50 million for Hampton Roads projects Marseilles-Fos' box volumes up 4% after 11 months Kalmar to buy majority stake in Spanish distributor

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DECEMBER 19, 2006
Scandlines talk on a high level The final details on the sale of Scandlines, the German-Danish ferry operator, is expected to straighten out today (Tuesday ...

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DECEMBER 19, 2006
Gulf suppliers struggle to recover Heavy fog lifting but delays to bunker deliveries continuing. Lawsuit claims bunker rules 'unlawful' Shipowners seeking permanent injunction of distillate fuel regulations. 2007 shaping up for box liners New year could spell the end of freight rate and bunker-related losses. Singapore snaps up Saudi cargo Glut of high-viscosity fuel oil boosts market for 180 cst cargo. Singapore bunker differentials back in black After negative November, even a slight bunker premium to cargo values appreciated. Avails tighten in Asian ports Trader advises no bonded avails in Japan this side of the New Year, South Korean supply also in doubt. Barge deliveries resume in Huleva