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Shipping News

New container ships will depress market: researcher
LARGE numbers of new container ship deliveries are likely to cause substantial over-supply in key shipping markets in 2006 but the oil tanker sector will remain in tight supply, a conference heard on Wednesday.
Guangdong's ports, roads get 290b yuan boost
CHINA's Guangdong province, which has the largest economy in the country, will spend 290 billion yuan expanding its roads and ports, as it seeks to win to further investment from overseas companies.
China Merchants' interim profit up 3.8%
CHINA Merchants Holdings Co, which has stakes in the country's five biggest ports, said first-half profit rose 3.8 per cent, after it invested in Shanghai's port operator.

Admiralty Casebook

Court upholds limited liability ruling in windsurfing accident
THE Court of Appeal of New Zealand recently rejected the appeal of an athlete against a ruling that Yachting New Zealand could limit its liability to the athlete under the 1976 London Convention on Limitation of Liability to Maritime Claims.

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Shipping News

New container ships will depress market: researcher
LARGE numbers of new container ship deliveries are likely to cause substantial over-supply in key shipping markets in 2006 but the oil tanker sector will remain in tight supply, a conference heard on Wednesday.
Guangdong's ports, roads get 290b yuan boost
CHINA's Guangdong province, which has the largest economy in the country, will spend 290 billion yuan expanding its roads and ports, as it seeks to win to further investment from overseas companies.
China Merchants' interim profit up 3.8%
CHINA Merchants Holdings Co, which has stakes in the country's five biggest ports, said first-half profit rose 3.8 per cent, after it invested in Shanghai's port operator.

Admiralty Casebook

Court upholds limited liability ruling in windsurfing accident
THE Court of Appeal of New Zealand recently rejected the appeal of an athlete against a ruling that Yachting New Zealand could limit its liability to the athlete under the 1976 London Convention on Limitation of Liability to Maritime Claims.

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Hanjin strikes terminal deal with Macquarie NOL box volume rises, but revenue continues to slide Schenker boosts foothold in Japan Auckland 2005-06 net profit down, but box volume up TAPA and FFI agree to fight cargo crime DHL clients keep closer tab on shipments with new monitoring system Korean Air, Japan Airlines to codeshare on Busan-Tokyo/Osaka routes FedEx to sponsor top Asian athletes Atlas appoints new COO

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Gandhidham (Kandla) to host major logistics & ports event Leading players, pan-India, to participate Seaways Shipping MD elected President of billiards Federation Inttra holds customer meet, vows to provide even better services Seaways Shipping inducts additional vessel into Coastal Express Service A. S. Shipping sets new handling record at Kolkata Port's KDS Bengal gives KoPT 'green' signal to improve Hooghly navigability near Haldia Dock Minor blaze in Port Users' Building near JNPT put out in minutes TUFS may be extended till 2010, indicates Minister RBI looks askance at SEZ exposure, tightens lending policy Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan Upendra Vasishth takes charge as Jt DC of

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SEPTEMBER 21, 2006
AirBridge Cargo appoints regional director, Americas Good H1/2006 results for port of Rotterdam Qatar Airways and Air Logistics Group sign agreement Istanbul-Wels Ökombi ro-mo Penske Logistics and ABX Logistics in strategic alliance EU committee pushes for better use of inland waterways Inland terminal conference, 27-28 September, Duisburg

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SEPTEMBER 21, 2006
CKYH cuts port calls Turkey makes it simpler Box trades hit Cosco Edco detained

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SEPTEMBER 21, 2006
Chouest eyes tanker construction

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SEPTEMBER 21, 2006
Hanjin selling 40 percent share of certain marine terminal operations Shipping alliance making plans to streamline service strings Students invited to name new NOAA survey vessel Goodrich announces opening of Everett nacelle facility Union Pacific Railroad opens new Salt Lake container terminal

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Eitzen private placement prior to IPO AXEL Eitzen has ploughed ahead with raising $300m-$350m through a private share sale in his chemical tanker business prior to an Oslo listing. Shell seeks help for Sakhalin 'bullying' SHELL-led consortium Sakhalin Energy has the backing of the Japanese and British governments and the European Union over its tangle with Russian authorities. Senator Lines axes services GERMANY'S Senator Lines has announced it will slash container services, close down offices and lay off staff in response to what it calls a "dramatic rates downturn on the Europe-Asia trades". Panama Canal expansion plan 'will benefit the world' PANAMANIAN president Mart'n Torrijos has told the United Nations General Assembly that expansion of the Panama Canal represents a 'transcendental step' for Panama and the world.

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SEPTEMBER 21, 2006
Senator forced to axe services BREMEN 21 September ' Deteriorating market conditions on the Asia-Europe trade lane has forced German liner operator Senator to slash a number of its services and close regional offices in northern Germany, Cyprus and Hong Kong CP Valour wreck towed to oblivion THE wreck of the container ship CP Valour was yesterday towed from the site of its grounding last December by a salvage team from SvitzerWijsmuller De Beers prepares for seabed miner INDUSTRY reports say the first of De Beers' seabed mining vessels will arrive in Cape Town at the end of the year after refit in the UK CalMac to be split for bidding SCOTTISH ferry operator Caledonian MacBrayne is to be split into two companies so it can bid for the Western Isles and Hebridean routes currently out to tender Yacht tragedy: ferry officer held A senior officer serving on P&O Ferries' Pride of Bilbao has been arrested by UK police in connection with the deaths of three yachtsmen off the Isle of Wight last month Further acquisition for Moby MOBY, the rapidly expanding Italian ferry operator, has purchased the ro-pax Ariadne Palace from Minoan Lines in Greece for a rumoured euro90M ($114M) Woman killed in sailboat/bulker collision Bulker refloated from Canaveral reef Bangladesh to sanitise seafood containers Russian Customs set for shake-up AP Møller extends Adsteam offer Migrant Watch: US/Caribbean

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SEPTEMBER 21, 2006
CKYH cutting Asia-Europe calls Alliance carriers are planning on cutting strings and calling ports on trade lanes between Asia, Europe and the Mediterranean. FedEx profit surges Maersk returns to New Orleans Savannah sets expansion aims Moller sweetens tug bid Senator Lines cuts routes, axes jobs on weak rates Maersk tweaks S. Asia-Europe services Matson trims fuel charge Lines hit Nehru dues QAD acquires Precision Software China opens security service sector to foreign investors

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SEPTEMBER 21, 2006
CKYH prepares for Titans with Asia/Europe service shuffle Following today's announcement by the CKYH Alliance that it will cut the number of its Asia/Europe strings from seven to six, the PDS pendulum service has emerged as the likely loop to go. Animal feed prompts arrests of three containerships Tanjung Priok Port Authority arrested three MSC containerships carrying 167 containers of animal feed, which arrived at the port from Spain last week. Updated: High costs and low rates force Senator out of "deficit" services Hanjin Shipping subsidiary Senator Lines is to cut six of its "deficit" services, in an attempt to stem losses from rising costs and falling rates. Schenker: Asia-US/Europe rates recover, but still lower than last year Hanjin Shipping shares rise slightly after terminals deal Santos authority welcomes "debtor" terminals into negotiations Danes extend Adsteam offer Huge Australian drug haul from Canadian container Samskip takes over agency operations from Odiel in Spain

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SEPTEMBER 21, 2006
Matson eases fuel bite Matson Navigation is cutting back its fuel surcharge for its Hawaii, Guam and Micronesia services. Senator slashes services Germany's Senator Lines is dropping six services, closing offices and laying off workers as rates fail to stand up to costs. Carnival beats the Street Third-quarter earnings exceed expectations as new ships and higher prices rake in more money. US orders ballast regs A California federal court has ordered the EPA to begin regulating ballast water discharge from ships. UK holds seven Leonhardt & Blumberg cargoship among vessels that failed August port state control checks. Qatar lays down 10 Newbuild orders for RasGas III confirmed as Korean yards take their share of $3bn order. Searoad debuts in Liverpool New shipping company links UK and Portugal with 1979-built ro-ro. Arrest in P&O "yacht collision" A 61-year-old employee of P&O Ferries has been arrested by police in UK investigating the deaths of three sailors. Steel deal for HHI Korean shipyard group sources more plates from China as it seeks to force Japanese prices down. Moby is Princess buyer Italian ferry company emerges as new owner of DFDS ship, the latest in a series of acquisitions this month. Klaveness ship in fatal collision One woman is dead after a bulker collided with a 92-ft sailboat today in the Long Island Sound. CKYH cuts string Boxship group including Coscon and K Line reduces Asia to Europe calls to improve reliability. ITF loses boycott case Danish court rules against International Transport Workers Federation over $500,000 boycott of BBC Chile. Maersk pulls harder Danish giant's SvitzerWijsmuller unit ups takeover offer for Australian tug group

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SEPTEMBER 21, 2006
CKYH alliance to cut loop in weak Asia/Europe trade Maersk Line to end ME2, restructure Middle East, South Asia loops Maersk Line to cancel TP14 loop Samskip to buy Odiel Bilbao's short-sea activities Emirates Shipping Line selects Seafreight as Jamaican agents Aries locating regional office in Dubai Korean Air, Sinotrans to establish Chinese air cargo carrier UPS, Teamsters start negotiations early Union Pacific opens Salt Lake City intermodal terminal EC, China strengthen cooperation on supply chain security ITC releases tariff elimination review for 1,300 pharmaceutical products Koreas weigh logistics center near border USDA to allow imports of Namibian table grapes CBP extends quota-preprocessing test through 2008 Turf battles could bog down port security legislation Record rail volume at Port of Felixstowe Port of Melbourne sets monthly record in August

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SEPTEMBER 21, 2006
Crude bottoms out, OPEC mulls production cut Oil prices reversing course today as producers look for $60 per barrel floor. Carnival reverses course despite fuel costs Cruise operator seeing profit surge and share price increase with falling bunker prices. Port approves first 'green lease' construction contract Environmental upgrade with $45.8 million project at Long Beach providing shore-side electricity. Fuel oil still leaking from sunken tanker Reports of illegal bunkering persist, despite Inquiry's findings. Bunker Holding announces group HR Manager Group personnel manager appointed by Danish bunkering trading outfit. Surplus remains despite fall in official fuel oil inventory Players say product in offshore storage leaves Asian hub with fuel oil overhang. Rotterdam market rebounds, delays in barging Box carriers consolidate services to survive tough market conditions High bunker prices and over-capacity forcing container lines to rethink their strategy. Singapore: Residual fuel stocks at 11-week low Onshore stocks of middle distillates also down. Thai bunkering continues after military coup Bunkering activities resuming in Bangkok today after being briefly halted yesterday. Cosco profit plunges on freight rates, fuel bill Profit falling 65% in first-half of year for China's biggest container shipping line.