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Mainfreight eyes profit growth in double digits
NEW Zealand transport group Mainfreight Ltd will target double-digit profit growth in the coming year by expanding local sales and buying overseas businesses, the company said yesterday.
Hyundai Heavy, unit bag record ship orders
HYUNDAI Heavy Industries, the world's largest shipyard, and a subsidiary had a record month of ship contracts in May on rising demand for container vessels.
DP World gets nod for UK port deal
DUBAI Ports World, the third-largest container port operator, said on Wednesday it has received approval from the British government for a plan to develop a harbour complex in south-east Britain.
Hutchison takes major stake in Yantian JV

Admiralty Casebook

Cargo damage: Shipper's claim rejected
A SHIPOWNER did not have to notify a shipper of a contractual clause in a bill of lading that extended the per package limitation in the US Carriage of Goods by Sea Act to any damage after unloading the cargo but before the goods were delivered, a US appeals court ruled recently.

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Shipping News

Mainfreight eyes profit growth in double digits
NEW Zealand transport group Mainfreight Ltd will target double-digit profit growth in the coming year by expanding local sales and buying overseas businesses, the company said yesterday.
Hyundai Heavy, unit bag record ship orders
HYUNDAI Heavy Industries, the world's largest shipyard, and a subsidiary had a record month of ship contracts in May on rising demand for container vessels.
DP World gets nod for UK port deal
DUBAI Ports World, the third-largest container port operator, said on Wednesday it has received approval from the British government for a plan to develop a harbour complex in south-east Britain.
Hutchison takes major stake in Yantian JV

Admiralty Casebook

Cargo damage: Shipper's claim rejected
A SHIPOWNER did not have to notify a shipper of a contractual clause in a bill of lading that extended the per package limitation in the US Carriage of Goods by Sea Act to any damage after unloading the cargo but before the goods were delivered, a US appeals court ruled recently.

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Value of boxes produced in China for export doubles in Q1 China to raise export tariffs and lower import duties from June FESCO shareholders vote to back containership newbuildings Wuhan signs co-operation agreement with Shenzhen, Guangzhou customs PSA International and IPH to develop UK box terminal Newcomer H&H expands Indian ocean service network Port of Cork plans to build 600,000-TEU terminal SIA poised to close deal for US$930m stake in China Eastern Overcapacity prompts a fall in India's air cargo rates Abu Dhabi-based all-cargo airline moves 48 tons in a A300-600RF Atlas Air Worldwide Holdings names Guillaume vice president

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Perma Container (UK) Line sets up own office in Mumbai Govt's fresh norms on port-based SEZs provide sops for beefing up infrastructure & facilities Vijaydurg, Redi port developers identified Tuticorin Port sets granite blocks handling record Machilipatnam port may be pivotal gateway to sprawling SEZ KoPT offers another berth at Haldia Dock for SAIL's exclusive use Saurashtra Containers' CFS-Mundra celebrating 1st anniversary today Excise verification of inputs imported by EoUs dispensed with

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MAY 31, 2007
Panalpina appoints new regional CEO for the AMEC region MOL (Europe) establishes subsidiary in Italy Just two bidders left for Alitalia DB and Transfesa want cooperation DHL and Lemuir consolidate joint venture in India London to require euro 3 or better for trucks

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MAY 31, 2007
Aussie self-handling row FEFC increases rates Louis Dreyfus Armateurs buys Fairmount EC approves Dutch waterways subsidy

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MAY 31, 2007
Austal USA hands over first Hawaii Superferry First X-bowed seismic vessels

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MAY 31, 2007
Ship carrying windmill blades calls Port of Olympia terminals NASSCO lays keel for sixth Navy T-AKE ship Alaska Airlines adding new flights to Hawaii Port of Tacoma taps Tong Zhu as commercial strategy director OOCL launches new 8,063TEU container ship

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MAY 31, 2007
Louis Dreyfus snaps up Fairmount Marine FRENCH shipping group moves into deep sea towage after buying Fairmount in $50m deal. Experienced Fairmount barges its way into heavy lift US 'open for business' to all FORMER US Homeland Security chief claims DP World's port fiasco in America was an example of a bogus security issue. DryShips toasts 'record' first quarter NASDAQ-listed bulk company reports net income of $66.4m,against $18.1m in the equivalent period last year. Carbon storage captures the imagination CARBON sequestration has long been regarded as a solution that might help mitigate the effects of global warming. Making up for lost time THE London Gateway project has finally been given the nod; now there is a lot of work to be getting on with.

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MAY 31, 2007
P&O unloads ship to Pullmantur P&O Cruises Australia will sell its ageing Pacific Star to Spain's Pullmantur, marking a rare instance of tonnage shifting between the two global cruise majors Boxship grounding 'pilot error' THE 2006 grounding of the container ship New Delhi Express in New York harbour is being blamed on the controlling pilots by a federal investigative board Daewoo Mangalia tension mounts TENSION is rising at Daewoo Mangalia Heavy Industries, now suffering its 21st day of strike action, and there are rumours that the Koreans have had enough Korea to enact ballast bug legislation SOUTH Korea is to enact ballast water treatment legislation later this year that aims to protect Korean and 'other' waters from harmful organic species Louis Dreyfus snaps up Fairmount LOUIS Dreyfus Armateurs, the shipping division of the diverse Louis Dreyfus group, has acquired Rotterdam-based ocean towage specialist Fairmount Marine India scraps 1M-tonne wheat tender Balearia to take over Buquebus Hyundai Steel to fix Korean Capes CSL goes to court over Kembla picket Owners attack Waratah bulker ban

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MAY 31, 2007
Hamburg Süd consolidates NY calls The German line is consolidating all of its liner services for the New York region with Global Terminal in Jersey City. Summer vote seen for California container fee bill Vietnam cuts tariffs on U.S. manufactured goods New bill to cut ship smog Northwest Airlines exits Chapter 11 South Carolina signs trade accord with China CEVA nets Q1 loss World air cargo growth slows Pilot error blamed for grounding of boxship Tacoma tabs strategy chief BAX parent eyes UK rail

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MAY 31, 2007
FEFC carriers hike up Asia / Europe rates to compensate for a continually worsening trade imbalance Space shortage the catalyst for new Hanjin Korea ' China dedicated feeder

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MAY 31, 2007
The furniture spoke volumes Philly court hears from Stolt exec who stashed his secrets behind the credenza. Hope for Stolt US judge reveals basic doubts about prosecution's case as criminal antitrust hearing resumes in Philadelphia. Oceanfreight fixes seventh Economou-related bulker owner finds employment for last of its fleet, the capesize Juneau. Firm first for Farstad Norwegian owner sees first-quarter net income nearly treble on vessel sales and high AHTS activity. Eckero selling veteran Finnish owner ditching 1972-built Roslagen ferry after summer season. Stolt secrets bared Judge orders six documents tied to resignation of ex-counsel O'Brien turned over for court review at prosecution urging. Seadrill soars Bigger rig fleet and FPSO sales boost first quarter profit for Fredriksen company. Eimskip launches Canadian raid Icelandic boxship and reefer owner makes $500m offer for cold storage giant Versacold, which bought P&O's Cold Logistics in 2005. Hamworthy hits the heights UK gas systems manufacturer piling on profit as orders for LNG and LPG kits boom. Belships bulks up Oslo-listed owner signs for five supramaxes in China at $40m a pop with relatively late deliveries. Cargill rings the changes Geneva-based bulker charterer appoints panamax chief Gert Jan Vandenakker as head of ocean transport. Bug strikes Star ship Nearly 100 people fall ill from suspected outbreak of norovirus on Star Cruises vessel on Asian tour. Seadrill soars Bigger rig fleet and FPSO sales boost first quarter profit for Fredriksen company. Nel hampered by costs Greek ferry owner cuts first quarter losses, but higher operating and interest expenses preventing profit. Fur flies in Philly In a packed Philadelphia courtroom, it's the two men who weren't there who loom large as the Stolt-Nielsen criminal hearing opens.

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MAY 31, 2007
FEFC to raise westbound rates by $300 per TEU NYK facing $50 million tax penalties Shipping shares lead Japanese stock rally Calif. legislators propose national low-sulfur bunker fuel bill California officials propose new water ballast discharge standards IATA: Air freight growth stunted by rising ocean cargo Northwest exits bankruptcy DOT proposes carrier fees for Unified Carrier Registration Agreement Northern border inspection fee kicks in CBP prepares industry payouts for antidumping collections Mancuso sworn in as BIS head Brashares named COO Pacer Logistics Staten Island site could shift gears to warehousing, distribution New Jersey cold storage firm expanding to Victorville South American meat giant to acquire Swift & Co. Savi partners with U.K.'s Unipart Logistics to market RFID systems WWPC adds offices in Micronesia Iraq war supplemental bill included port security funds Grindrod buys Tate & Lyle's South African terminal operations Low rainfall levels forces Yangtze dredging DCT Gdansk receives first train Tacoma hires Zhu away from Seattle

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MAY 31, 2007
Jinhui takes 8 newbulding contracts Oslo-listed dry bulk owner/operator Jinhui Shipping & Transportation has bought newbuilding contracts for eight supramax bulkers of 57,000 DWT ... Stolt proceedings to decide on felony charges Proceedings has begun in Philadelphia to decide if felony antitrust charges will go forward against defendants Stolt-Nielsen SA, Stolt ... Unifeeder charter the first +1,000 TEU feeder Danish operator Unifeeder will shortly add the first +1,000 TEU to the fleet. It will be the German-flagged newbuilding ...

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MAY 31, 2007
Poll results: Shipping industry needs to do more Voting showing that emissions need to be reduced before governments and port authorities take the initiative. Avails situation 'remains confused' in Argentina, Uruguay Mixed oil inventory picture from DOE Oil prices rise after weekly report shows unexpected drop in crude stocks. Spanish opposition calls for bunkering scrutiny Bunkering in the Bay continues to draw criticism. New trader to focus on African markets SABT will offer expertise in providing product in 'niche African ports'. More foreign traders eye China's fuel-oil futures exchange Cargill International and Morgan Stanley positioning themselves to play a role, says report. South Africa's markets struggling with fuel shortages Durban and Cape Town have little to offer but demand for product is 'desperate'.