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World shippers' group slams Asian shipowners
THE world's largest shippers' body has accused Asian shipowners of acting in their own interests and not those of consumers, as the shippers keep up the pressure to end carriers' anti-trust immunity.
AB Ports plans meeting on Goldman takeover
WITH the anticipated bidding war for the UK's largest port group, Associated British Ports , failing to materialise, the group has announced a July 18 shareholders meeting to gain approval of its acquisition by a Goldman Sachs-led consortium.
Clean-up completed at freighter's wreck site off Alaska
WORKERS have completed the clean-up and removal at the site of a wrecked Singaporean freighter that ran aground more than a year ago.

Port Shots

Port Shots
WAERTSILAE Oyj, which makes engines that propel one in three of the world's ships, said it won orders worth 300 million euros for motors used in gas tankers and generators on offshore rigs.

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Shipping News

World shippers' group slams Asian shipowners
THE world's largest shippers' body has accused Asian shipowners of acting in their own interests and not those of consumers, as the shippers keep up the pressure to end carriers' anti-trust immunity.
AB Ports plans meeting on Goldman takeover
WITH the anticipated bidding war for the UK's largest port group, Associated British Ports , failing to materialise, the group has announced a July 18 shareholders meeting to gain approval of its acquisition by a Goldman Sachs-led consortium.
Clean-up completed at freighter's wreck site off Alaska
WORKERS have completed the clean-up and removal at the site of a wrecked Singaporean freighter that ran aground more than a year ago.

Port Shots

Port Shots
WAERTSILAE Oyj, which makes engines that propel one in three of the world's ships, said it won orders worth 300 million euros for motors used in gas tankers and generators on offshore rigs.

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Coscon to launch HK-Haiphong service S China competition may force HK strategy rethink APM Terminals to lease terminal in Rotterdam Penang Port wharf to help increase capacity OOCL named container line of the year Cathay COO seeks airport authority approval for cargo terminal New JV cargo airline launched in Shanghai India airline takeover collapses

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China Shipping & CMA CGM to cooperate on Asia/Europe trade New deal boosts GAC Sri Lanka 3PL expansion USL expands Pacific service to Australia, New Zealand Kalmar builds 40,000th terminal tractor in US DP World wins deal to build pier at Peru port Gdynia Container Terminal opens S-E Asian anti-piracy initiative gets green light TT Club develops model contracts for logistics operators to minimise risks Chennai Feeder Operators slap $ 30/TEU surcharge at CCT Lankan vanaspati to be imported through Nafed USDC narrows list of shrimp exporters for review of dumping duty AP posts 51 pc rise in IT exports 4,800 tonnes of sesame seeds for Korea Race to develop JNPT's 4th box terminal hots up Containerised coffee shipments boost NMP's cargo throughput CBDT order benefits truck operators Sical Logistics plans JVs to provide end-to-end solutions Rly Minister wants CONCOR's sale proceeds to fund freight corridor Coir Board wants CFS at Alappuzha Forex reserves up by $ 157 million to $ 1,63,033 million SEAI gets one-time GEAC approval for import GM soyaoil DGFT chief lays emphasis on export of quality products Exporters give the thumbs-up to RBI's steps in pruning transaction costs No extension of tax holiday-Chidambaram India hopes to attract $ 12 bn in FDI Corporate tax collections soar by 143 pc during April-June

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JUNE 26, 2006
MEG navigation dues cut Knightsbridge's new charters Aker buys Kleven Floro NOAA proposes speed limits to save whales

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JUNE 26, 2006
International Shipholding to move HQ from New Orleans

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JUNE 26, 2006
Port of Portland joins effort to reduce diesel emissions Port of Everett backing pair of community events Vancouver public meeting will study PDX small airplane traffic Crowley building box fleet with new 40-foot reefer containers Manitowoc teams with Kvichak for new Coast Guard boat deal

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European yards warned that cross-border co-operation is key to survival EUROPE'S shipbuilding industry has to intensify cross-border co-operation if it wants to survive the next decade. This is the major finding of a two-year research project Kiln stokes up Lloyd's with plans to raise capacity to £1bn LLOYD'S looks likely to go for significant underwriting expansion next year, after RJ Kiln & Co ' one of the most conservative of the managing agencies ' revealed it has applied to increase its overall managed capacity to more than £1bn, writes James Brewer. ABP shares keep market on edge Shares in Associated British Ports yesterday remained tantalisingly above the recommended bid by the Goldman Sachs-led consortium as the stock market anxiously awaited the next move from the rival grouping headed by Australia's Macquarie Bank. Boeing going gone as US giant hangs up on $1bn communications arm BOEING is considering the sale or closure of its loss-making Connexion by Boeing subsidiary, threatening an abrupt end to its bid for a share of the high-end maritime and aeronautical communications market.

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JUNE 26, 2006
Tanker sinks tug in Mississippi THE US COAST Guard is investigating a collision between a Cayman Islands-flagged tanker and a tug on the lower Mississippi River on 26 June in which the tug sank Essar Shipping posts profit slip INDIAN operator Essar Shipping has posted a fall in net profit for the financial year to 31 March, attarbuting the decline to the sale of four Suezmax tankers Arcelor accepts improved Mittal bid THE board of steelmaker Arcelor have accepted an improved bid of euro27Bn from Mittal, much to the chagrin of Russian manufacturer Severstal Massive mining merger confirmed US-based copper producer Phelps Dodge has acquired Canada's Inco and Falconbridge in a $56Bn takeover that will create the largest mining company in North America Refloated Star sinks awaiting repairs GROUNDED Philippines coastal tanker Billy Star, which was salvaged earlier in the month, has sunk in Batangas while awaiting repair work Ukraine yard sell-off to be reversed KG companies eye port investments CMR wins summer reprieve AWB scandal report delayed 3 months Refloated ro-ro awaits inspection Two missing after tanker fire Bangla shipping minister dies US transport secretary Mineta quits

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JUNE 26, 2006
PierPass to exporters: Pay up New procedures for handling export containers to ensure that exporters pay the required peak fees at ports of LA, Long Beach. Port of Hueneme closed by possible terror threat U.S. deficit with FTA nations slows International Shipholding Corp. leaving New Orleans NOL revenues drift lower Maersk ups Rotterdam volume Georgia ports get $82.6M for improvements Feeders set Chennai charge JoC to hold C-TPAT teleconference Driver turnover declines Oracle net up 24% Pact for DHL, Transmile FMCSA amends cargo rule

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JUNE 26, 2006
Shenzhen to set up China's first non-governmental shippers' council China will have its first non-governmental shippers' association from early September, which the China Shippers' Council has welcomed as a new impetus for shipper activism. Hyundai Elevator purchase 2.3m HMM shares Hyundai Elevator, the Hyundai Group holding company, has announced it has purchased 2.3m shares of Hyundai Merchant Marine in order to stabilise management rights in HMM. Mexico-US rail service upgraded Coscon to launch Hong Kong/Vietnam service Grant gives go-ahead to turn piracy-prone waterway into Marine Electronic Highway Updated:Goldman Sachs partners post Scheme Document in ABP bid Indotrans switches to RTW Constantza bypass to smooth hinterland links Heung-A and Daesan Port to co-operate Georgia Ports approve improvements

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JUNE 26, 2006
Dubai expands shipbuilding More investment planned to expand fledgling newbuilding activity of leading UAE shiprepairer. MISC orders four Korea's STX Shipbuilding gets $200m order from Malaysia International Shipping Corp for four tankers. Stephen James retires P&I world gathers for a grand party to celebrate a 40 year career in marine insurance. Frontline fixes VLCCs John Fredriksen's tanker arm to charter ships from managed shipowner Knightsbridge Tankers. Transpetro in huge tanker order Brazilian owner seals $1.3bn deal for 16 tankers with domestic shipyards with talk of 10 additional suezmaxes. Bangladesh tanker sinks Crew of 44 abandon ship as fire sweeps through Bangladesh Shipping Corp crude tanker

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JUNE 26, 2006
Samsung delivers largest containership ever Hoegh Autoliners to own Autotrans outright APL's revenues slip as volumes rise COSCO to start Hong Kong/Vietnam feeder Canada gives C$500,000 to IMO security trust fund Crowley petroleum subsidiary relocates to Jacksonville Chevron extends GAC contract DHL, Transmile sign strategic agreement CN asks court to prevent Manitoba First Nations rail blockades Farmers farm out trucking to Averitt DOT secretary calls it quits USDA proposes rules for imports of Namibian table grapes GAO to Congress: nation's ports still need tighter pest controls Egypt joins CSI Toll joins consortium looking at Western Australia port, rail link Coast Guard studies LNG shipping proposal for Coos Bay

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JUNE 26, 2006
Fjord Line deeper in the red Bergen-based passenger ferry operator Fjord Line has uncovered losses of NOK 133 million last year and has announced results ... Aker Yards buys Kleven Florø Shipyard and KD Aker Yards will acquire Kleven Florø and Kleven Design from Kleven Maritime for NOK 60 million (EUR 7.6 million). Kleven ... 200th engine from factory in Frederikshavn MAN B&W Diesel's factory in Frederikshavn has just delivered engine number 200 of the two-stroke type. It was ...

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JUNE 26, 2006
Petrojam benefits from supply deal with Aegean Jamaica's refinery company currently enjoying steady sales figures but looking to low sulphur in the future. Gulf waterway open, Lake Charles still closed Intracoastal Waterway open to barge traffic but spill clean up still keeping Lake Charles bunkering shut down. UAE: Vessels at anchorage to pay levies Port authority says it will levy charges for vessels using its anchorage areas off Khor Fakkan and Kalba for bunkering and other services. Location, Location, Location A month into the Baltic SECA, many suppliers are still doing brisk LSFO business, but some wonder where demand went. Hong Kong suppliers expecting improved demand this week Bunker demand has picked up since two weeks ago and players anticipate higher demand this week. Rotterdam starts week on firm note New Zealand: No signs of oil spill from grounded vessel The fishing vessel was carrying diesel in its tanks. Malpractice observed during fuel oil transfer in Hong Kong Incorrect fuel oil transfer operation between two oil barges could lead to potential fire and oil spill hazard, the Hong Kong marine department warns.