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DP World wins deal to build pier at Peru port
DP World, the world's third biggest container port operator, won a concession to build a pier at Lima's port of Callao, part of the Peruvian government's drive to cut shipping costs and spur exports.
Frontline-run tanker abandoned after explosion
AN oil tanker operated by Frontline Ltd has been abandoned after being damaged by an explosion 22 km north-east of Singapore.
LNG demand may hit shipping standards
GROWING global demand for liquefied natural gas and tight supply of specialised tankers and crew create the risk of dangerous lapses in standards and security, a shipping expert said yesterday.
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Port Shots

Port Shots
AP Moeller-Maersk A/S will more than triple its fleet of tankers used to transport refined oils such as petrol and diesel after ordering more vessels, Lloyd's List reported, citing an interview with the chief executive of the company's tanker unit.

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Shipping News

DP World wins deal to build pier at Peru port
DP World, the world's third biggest container port operator, won a concession to build a pier at Lima's port of Callao, part of the Peruvian government's drive to cut shipping costs and spur exports.
Frontline-run tanker abandoned after explosion
AN oil tanker operated by Frontline Ltd has been abandoned after being damaged by an explosion 22 km north-east of Singapore.
LNG demand may hit shipping standards
GROWING global demand for liquefied natural gas and tight supply of specialised tankers and crew create the risk of dangerous lapses in standards and security, a shipping expert said yesterday.
Portside show

Port Shots

Port Shots
AP Moeller-Maersk A/S will more than triple its fleet of tankers used to transport refined oils such as petrol and diesel after ordering more vessels, Lloyd's List reported, citing an interview with the chief executive of the company's tanker unit.

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USL expands Pacific service to include Australia, New Zealand DP World to invest in Tianjin port Topline Express provides logistics services for Shanghai concert TNT names Asian clinical trials director Panama seeks support for building of third canal TT Club calls for greater risk awareness by logistics operators DHL moves to US$1.57m cargo hub at Incheon Cargo Portal Services launched by AA Lufthansa Technik becomes member of Airbus MRO network

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JSS establish new office in India Maersk India conducts enlightening customer service seminar ABG Shipyard wins Rs 48-cr. order from Cyprus co. Ocean Seraya's bunker fuel pumped out, final skimming of oil traces under way Nathu La pass being reopened to facilitate India-China trade Chidambaram seeks French investment in infrastructure 4,200 Bangla items to be allowed duty-free entry by 2008 Exports maintain impressive growth tempo Car exports zoom by 30.8 pc to 31,360 units in April-May Pepper exports up by 42 pc in April Tea exports to Pakistan set to gain momentum Operations uninterrupted & in full swing-CCTPL VPT posts whopping Rs 159.5-cr. net profit in 2005-06 Reforms first, phased capital account convertibility later, stress speakers at IMC programme Reliance, Haryana Ind. corpn. sign pact to set up mega SEZ Finance Ministry against easing labour norms India Calling 2006 summit in London from Oct. 1 to 3 WTC Award presented to SBI

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FAI names Paolo Uggè as new president DP World to invest further in Tianjin Coveted London City Airport Kombiverkehr launches Antwerp'Neuss service FedEx invests in healthcare and life sciences in Europe

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JUNE 20, 2006
Harvey Gulf leases Port of Fourchon property More orders for Labroy

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Cartoon protests fail to curb Iran's shipping links with Denmark IRAN'S shipping ties with Denmark are intact and booming despite a trade ban in protest against cartoons satirising the Prophet Mohammed, writes Jerry Frank. EU pollution directive is 'wrong target' CRITICS of the recent European Union directive on criminal sanctions for pollution would do better to direct their attention to the recent proposal on compulsory liability insurance, according to former director general of transport at the European Commission Sir Robert Coleman, writes Sandra Speares. LNG shipping boom sparks safety warning DRAMATIC growth in the global liquefied natural gas industry could endanger shipping safety, according to a leading maritime academic. Box lines set to unveil final European antitrust blueprint BRUSSELS has received formal proposals from shipping lines about new working practices to replace conferences that contain some amendments to an earlier draft.

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JUNE 20, 2006
Spanish workers take to the streets SPANISH shipyard workers took to the streets in Gijon and Seville today, blocking roads and burning vehicle tyres Commission backs Pakistani seafarers A full bench of Pakistan's National Industrial Relations Commission has recognised the All Pakistan Seamen's Workers Union as the Collective Bargaining Agent Italians enter Russian tanker vacuum THE bitter tax dispute that has forced Russian operator Volgotanker to halt operations has opened Russia's inland waterways to foreign competitors Transpetro to announce winners BRAZILIAN tanker company Transpetro is expected to announce the results of the first phase of its $3Bn fleet renewal programme this afternoon Front Sunda prepared for towage THE Suezmax tanker Front Sunda remains 220n-miles northeast of Singapore today after an explosion in no. 6 cargo tank yesterday Cruise fuel surcharge move USL heading Down Under Fifty rescued as boat hits ferry Singapore acts against bunker supplier Singapore signs training MOU

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JUNE 20, 2006
Eller attorney: DP World issue not settled Lawyer says ports controversy won't be put to rest until Dubai follows through on its pledge to sell U.S. operations to an American buyer. Report: Hutchison chief considering bid for ABP CMA CGM, CSCL partner on Asia-Europe service Japan plans to resume U.S. beef imports New chief for Phil.-Camden port UPS committed to A380 U-Freight expands in Boston P&O in Peru port project Varig sale approved

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JUNE 20, 2006
Zeeland sets out Westerschelde rescue plan Local government in Holland's Zeeland province has resurrected the previously shelved Westerschelde Container Terminal, putting re-worked environmental and economic studies before the province's parliament. Unhappy dockers oppose Callao privatisation Dockers have walked out of three Peruvian ports in a bid to block a concession to build a new container terminal in Callao. French and Chinese collaborate on new Asia/Europe string USL confirms triangular expansion Road closure sees frustrated Java exporters switch ports Defensive HMM gets more friendly shares Wan Hai to establish China logistics operator Huge drug haul from Port Botany container

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JUNE 20, 2006
Heidmar to Morgan Stanley? Financial services giant is rumoured to be buyer of Per Heidenreich's pool/logistics business with announcement imminent. Yeah but no but yeah... Genco gets a mixed half-term report from analyst who likes company's purchasing power but less so its earnings profile. Britannia profit drops But result reflects that top P&I club has enough money in the bank and is calling less. Crewman remains missing No signs of pollution from explosion of Frontline suezmax as search and rescue operation continues. Wartsila powers ahead Engine builder says order intake between April and May was up 39% on same period in 2005. Fincantieri profit chopped High steel and energy prices see 2005 profit halved at Italian shipbuilder Fincantieri. Utkilens profits tumble Bunker prices and a dearth of ship sales hit Bergen based chemical tanker owner. Ship sinks off Somalia Crew members rescued as vessel and 20,000 tonnes of coal go under off Africa's east coast. DryShips fix three George Economou's US listed bulker outfit finds period cover for two panamaxes and a capesize. From strength to strength More good news for barge operator ACL, just six months after emerging from bankruptcy. Labroy lands quartet order Singapore shipbuilder Labroy Marine wins $54m worth of orders but remains mum on new owners. OOCL teams with TSK Hong Kong owner and NYK offshoot to start new Middle East-Asia Express liner service. A Wilh books 40% profit increase Alex Wilhelmsen-led group reaps benefits of asset sales.

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JUNE 20, 2006
CMA CGM, China Shipping to deploy mega-ships on new Asia/Europe loop U.S. Lines to expand offerings to Australia and New Zealand Matson to start biweekly service to Micronesia and Marshall Islands NYK gets time charter contract with European power supplier giant Enel MarAd approves sale of two Maersk Line Ltd. U.S.-flag vessels Bush gives commencement address at Kings Point NYK Line makes management changes Canada, Portugal sign open skies agreement American Airlines Cargo active on Unisys' freight portal LAN Argentina ready to start Buenos Aires/Miami service Logistics costs hit all-time high in 2005 ITC: U.S. not hurt by diamond sawblade imports from China, Korea Hot Shot Delivery to create Texas Courier and Logistics Association Adcom Worldwide signs deal with TRAXON for information system Express Parcel joins United Shipping Shipco names Franson VP sales Reports: Hutchison affiliate preparing to enter ABP bidding war Hutchison starts operations in Poland

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JUNE 20, 2006
Finnish shipping to be more competitive A work group has been put up by the Ministry of Transports and Communications in Finland to develop a proposal ... Acergy awarded installation contract in Brazil Acergy ' formerly Stolt Offshore ' has been awarded a USD 245 million contract by Chevron (through subsidiary Frade LLC) for deepwater ...

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JUNE 20, 2006
Panama prices follow competitors down Bunker numbers softening in Panama as US competitor ports post new lows. Crystal ups fuel surcharge Cruise line the latest shipowner feeling the impact of rising fuel costs. Suppliers sailing close to the wind on sulphur DNVPS argues for proper supplier documentation of sulphur content and more operator-friendly interpretation of error-margins. Off-spec fuel samples reported in Cape Town A rare occurrence of abrasive fuels reported, hot on the heels of similar findings in a Baltic port. Rotterdam IFOs soften further Rising bunker prices inflate shipowners' operational costs Shipping companies that reaped profits in 2005 might find it difficult to repeat the feat again this year says Malaysian Shipowners' Association. Singapore prices slip, demand light Demand thin as buyers are holding back on the expectation that prices would head downwards.