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Shipping News

Mid-East conflict taking a toll on shipping industry
THE escalating conflict between Israel and Lebanon-based Hezbollah militants is increasingly being felt by the shipping industry as ports close, insurance rates climb and maritime employers and unions declare the area a 'warlike operations zone'.
Foreign bidders eyeing DP World assets woo former US officials
THERE has been a flurry of activity aimed at recruiting top former US officials by foreign bidders eyeing the US port assets of Dubai's DP World.
APL Logistics bags licence to operate in Taiwan's Kaohsiung FTZ
GLOBAL supply chain company APL Logistics said yesterday that it has become the first international logistics provider to obtain a licence to operate in Taiwan's Kaohsiung Free Trade Zone .
NOL's June cargo volume up 5%

Port Shots

Port Shots
A Singapore-based container ship with 23 people on board was listing severely yesterday and taking on water south of the Aleutian Islands, Coast Guard officials said.

web site

Shipping News

Mid-East conflict taking a toll on shipping industry
THE escalating conflict between Israel and Lebanon-based Hezbollah militants is increasingly being felt by the shipping industry as ports close, insurance rates climb and maritime employers and unions declare the area a 'warlike operations zone'.
Foreign bidders eyeing DP World assets woo former US officials
THERE has been a flurry of activity aimed at recruiting top former US officials by foreign bidders eyeing the US port assets of Dubai's DP World.
APL Logistics bags licence to operate in Taiwan's Kaohsiung FTZ
GLOBAL supply chain company APL Logistics said yesterday that it has become the first international logistics provider to obtain a licence to operate in Taiwan's Kaohsiung Free Trade Zone .
NOL's June cargo volume up 5%

Port Shots

Port Shots
A Singapore-based container ship with 23 people on board was listing severely yesterday and taking on water south of the Aleutian Islands, Coast Guard officials said.

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OOIL units order four containerships China International scraps takeover plan Shishi Customs handle 3,280pc more box exports in H1 YCH to invest in Yangshan bonded port area CN's Q2 revenue rises 6pc on back of volume growth Jade Cargo selects partners to boost European sales First Flight, Shreya Shipping to launch cargo airlines in India Freight flights launched between Nanjing and Sweden Etihad offers New York service

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PSA, 4 others bid for Panama Canal project ...National Assembly votes to expand canal Cinko sets ro-ro shipping record Fangcheng-Japan container service launched Maersk Line signs 20-year deal with Savannah APM-Maersk acquires 2 new jack-up rigs Maersk Line to cut Israel-China BAF to $ 122 per TEU IMO launches award for exceptional bravery at sea WTC, Mumbai in MoU with Turkey MbPT invites bids to develop dry bulk terminal on BOT basis Adanis seeking 'free port' status for Mundra RIL scouts for captive, multi-purpose port site in Navi Mumbai SEZ VCT scores a first! Now, trucks await containers! MoF favours tax abatement for goods transport agency services The Business confidence index nose-dived in June 2006 AP, Maharashtra, TN & Gujarat lead in attracting SEZs Exim Bank looks to West Africa for growth Hike in cotton import duty ruled out Loopholes in India-Mauritius tax treaty to be plugged Indo-German chamber workshop on management tomorrow

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Stafford new Gerd Buss managing director More cargo in Koper in first half 2006 Jade Cargo signs Lufthansa Technik contract New DFDS/Railion Sassnitz-Klaipeda rail ferry Shipping on River Oder suspended Kuehne + Nagel growth and profits up Germany's waterways to be expanded NationaLease teams up with Truckjobs in US Canada to host 23rd international air cargo forum and exposition

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JULY 24, 2006
Aker Yards Brazil to build DOF construction vessel

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JULY 24, 2006
Jose Santiago named top Port of Seattle police officer Railroad accident numbers down for first three months of '06 Border Patrol officers find alien in duffel bag Port of Vancouver, USA sponsoring International Festival NOAA takes delivery of new survey vessel

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Lebanon conflict pushes up charter rates CHARTER rates for tankers operating out of the eastern Mediterranean have jumped higher as some owners are refusing to let their vessels visit the region's crude terminals. Evacuation tightens Cyprus bunkering BUNKERING in Cyprus is feeling the pinch as humanitarian vessels take priority for available product, especially supplies of marine gas oil . Global trade talks collapse Efforts to salvage an agreement on global trade talks collapsed yesterday as the US and the European Union accused each other of not doing enough on farm subsidies. US lawmakers blamed the European Union and advanced developing countries for the collapse. IRISL share sale excites market PRIVATISATION of Islamic Republic of Iran Shipping Line would attract plenty of interest, trade sources said yesterday as reports surfaced in the Middle East that the government was preparing to offload part of its holding. Simon Group sets up bold move on US assets of DP World WASHINGTON ex-military advisors and policymakers have been hired by the head of small British ports business Simon Group to orchestrate a bold move on the US assets of Dubai's DP World.

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JULY 24, 2006
Cougar Ace crew await rescue NORTH PACIFIC 24 July - Twenty-three seafarers remain aboard the Singapore-flagged car carrier Cougar Ace as it continues to take on water and list heavily in the Bering Sea off the Aleutians Finns propose Baltic waste water ban THE FINNISH environmental ministry wants discharge of all waste water from ships into the Baltic Sea to be banned Crown Princess lawsuit brewing A law firm is to file suit on behalf of five passengers injured when Princess Cruises' Crown Princess listed severely off Port Canaveral IRISL privatisation approved IRISL has been given approval to offer 35% of shares in the company through the stock market as part of a giant privatisation plan approved by Iran's spiritual leader Complaints against Color dismissed NORWAY'S competition authority, the Konkurransetilsynet, has dismissed complaints that ferry operator Color Line might have misused its market position OSG indicted in dumping probe FEDERAL officials in Texas have now indicted Overseas Shipholding Group in the probe into the company's oil dumping policies Transmanche interest grows Car carrier SOS in Pacific Canada re-claims Arctic Standing ferry passengers injured Hapag-Lloyd organisational change Evacuation effort may end tomorrow Korean port bans Georgian ship Crew blamed for tug hijack

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JULY 24, 2006
June shift for West Coast containers Weaker volume in Seattle (left), growth in LA a signal to railroads, terminals to ready extra capacity for the peak season. OOIL to sell terminals unit CKYH calls Charleston WTO trade agreement in doubt after talks stall UK bid for DP World's U.S. terminals Coast Guard planning enhanced security strategy WMDs threaten shipping: Analyst MOL car carrier stricken in North Pacific Colombo resumes operations after union protest "K" Line opens Aden, Red Sea service Gain for Kuehne & Nagel net Management changes for MTC stevedoring division Schenker opens German warehouse

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JULY 24, 2006
Agreement reached on HK port security charges Hong Kong's shippers and container terminal operators have reached consent on port security charge arrangements and the pertinent investment to be made by terminals to improve port security. Namibians call off search for stolen ship Namibian security forces have abandoned the search for the 'stolen' container vessel Umfolozi which left Walvis Bay illegally last week. APL volumes show gentle gains but revenues slump Busan suffers sluggish Q2 growth Dhaka seeks deepsea port finance, as New Mooring project prepares to launch Eimskip hold over Kursiu Linija strengthens, with 20% stake purchase Vessel outages hit China-Australia trade CN Q2 revenues shatter record Hapag cargo boosts Vancouver volumes New Rhine low-water surcharge favours 40-footers Hercules supports Emirate's slot-charter deal with TSK K Line to join PIL's Red Sea Service from August Fos limit in sight, while Marseilles N/S volumes still down

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JULY 24, 2006
Gulf Nav lines up orders IPO reveals plans for ten newbuilds, including four VLCCs plus options for four more. Frontline confirms order China's Jiangsu Rong Sheng Heavy Industries to build two 153,000-dwt units with options for two more. Off the blocks Gulf Navigation's $250m IPO launches after initial concerns over delays batted away. Cougar Ace taking on water Coast Guard rushing to Singapore-flagged car carrier which is listing off Aleutian Islands. Rates fall again at NOL Average revenues per feu slide another 9% in June but volumes up 5% in first half. K Line targets Middle East New liner agents and new service for Jordan and Yemen in conjunction with PIL. Carnival accumulates Carnival Micky Arison orders the purchase of 650,000 shares in London as stock dips close to '20. Canada spill clean-up underway Investigation underway to determine cause of 500 litre oil spill in Halifax harbour. Natives restless at Bahamas yard Union accuses bosses of not giving Bahamians a preferential crack at job opportunities. Forgetful officer put ferry in danger Probe finds New Zealand vessel Santa Regina came close to rocks after distracted second officer delayed harbour turn. IPBCC slaps on surcharge Boxship group adds $40 per box into and out of Colombo because of delays. DOF adds one in Brazil Aker Yards to build large construction ship for Norwegian owner at Brazilian yard.

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JULY 24, 2006
APL's revenue per FEU down 9% Emirates to join TSK Line's Hercules service "K" Line, PIL to start Far East/Gulf of Aden/Red Sea loop OOCL orders four 4,500-TEU vessels from Samsung Intermarine adds two ships to order Hapag-Lloyd changes name Cargolux adds second Doha service Panther to buy Con-way's expedited cargo unit UP to develop intermodal terminal in Southwest Bexar County Industry asks EU to put brake on customs code revisions Doha is done ITC finds no injury to U.S. metal calendar slide makers from imports Kuehne + Nagel's first half profit up 62% Polish terminal buys cranes with eye to future

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JULY 24, 2006
Shipping emissions and abatement subject of new studies Studies of actual shipping emissions and ways to limit them to get part of $5 million funding for Air Pollution Research. Vopak-Mitsui tank terminal merger scrapped Mitsui and Vopak have decided not to continue pursuing a previously announced 50/50 joint venture regarding their tank storage activities in North America. Japan: Bunker prices rise as refiners limit supply Japanese bunker prices regaining typical premium over Singapore as refiners take action. Pakistan's biggest supplier to import 380 cst 60-80% of ships visiting Pakistan are looking to bunker 380 cst, says local supplier Faisal Marine Oil Services. Canada: Bunker fuel leak in Halifax harbour Clean-up operations managed to contain oil spill that leaked in the harbour on Saturday morning.