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Fresh bid to draw young S'poreans to maritime jobs
ANOTHER major initiative, this time led by the private sector, was made yesterday to entice more of Singapore's young people into lucrative and exciting maritime careers.
Busan port eyes overseas expansion
SOUTH Korea's Port of Busan, the world's fifth largest container port, is set to follow in the footsteps of its much larger Asian competitors, PSA International and Hutchison Port Holdings, as it eyes overseas expansion opportunities in the greater Asian region.
Suez Canal transit fees up nearly 3%
TRANSIT fees for ships using Egypt's Suez Canal increased on Sunday by an average of nearly 3 per cent, the canal authority said, in the second such increase in a year.
Royal Caribbean orders 900m euro giant ship

Port Shots

Port Shots
THE Marseille port says it will take two weeks to unload vessels stranded at its oil terminals following a 17-day strike that ended two days ago.

web site

Shipping News

Fresh bid to draw young S'poreans to maritime jobs
ANOTHER major initiative, this time led by the private sector, was made yesterday to entice more of Singapore's young people into lucrative and exciting maritime careers.
Busan port eyes overseas expansion
SOUTH Korea's Port of Busan, the world's fifth largest container port, is set to follow in the footsteps of its much larger Asian competitors, PSA International and Hutchison Port Holdings, as it eyes overseas expansion opportunities in the greater Asian region.
Suez Canal transit fees up nearly 3%
TRANSIT fees for ships using Egypt's Suez Canal increased on Sunday by an average of nearly 3 per cent, the canal authority said, in the second such increase in a year.
Royal Caribbean orders 900m euro giant ship

Port Shots

Port Shots
THE Marseille port says it will take two weeks to unload vessels stranded at its oil terminals following a 17-day strike that ended two days ago.

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Danaos CEO sees developing world demand pushing up '07 rates CCT sets new productivity record in Shenzhen Kerry joins Wincanton to provide supply chain solutions Huangpu customs launches e-customs application system TNT Malaysia receives SA8000 accreditation GreenCarrier opens office in Orebro, Sweden CN to build US$17m transload facility in Prince George Hactl enhances Vehicle Information System by launching phase two Boeing opens regional IMM centre in Lion City Cargo screening tests to start in spring

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Emma Maersk wins Lloyd's List 'Ship of the Year' award Mumbai Port joins select Club of 50m+ tonnes Ennore Port gearing up for global challenges Mormugao Port Trust bests VPT to win trophy MICT handles record 5,42,351 TEUs in 2006-07 Kerala govt calls pre-bid meet on April 17 to 'test waters' for Vizhinjam port project Vizag Port retains numero uno status for 7th year running Paradip Port posts 16.34 pc growth in cargo throughput E. Railway measure to earn more freight revenue Opening of border trade centres in Nagaland approved EU offers to help implement Safta

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Luka Koper names fruit terminal director and representative for Austria MOL to establish subsidiary in Pakistan Etihad strengthens regional network Germany wants to upgrade Kiel Canal Uti Worldwide reports growth

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APRIL 3, 2007
Höegh and MOL in SUEZ deal LR's new human element initiative US engineers plead guilty in magic pipe case IRI opens in Korea

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APRIL 3, 2007
Ingalls shipyard workers to vote on new offer Austal books its biggest order thus far More contracts for Conrad Industries Rochester sells its fast ferry Awilco Offshore orders jack-up rig at PPL

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APRIL 3, 2007
Brussels seeks terror cover for domestic traffic DIRECTIVE seeks to widen Athens Convention on terrorism and war coverage to EU domestic trades. IMO paves way for cruise terror and war risk cover Financiers warn newbuilding glut will hurt market SHIP financiers warn of overpriced assets and over supply of vessels, in contrast to the bullish outlook of Asian shipowners. EC defends commissioner over China threat BRUSSELS says commissioner Gunter Verheugen never threatened China with trade penalties over its shipbuilding capacity.

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APRIL 3, 2007
Fincantieri posts record results TRIESTE 03 April ' Fincantieri, the Italian state-controlled shipbuilder that has been calling on the government for greater financial support for research and development, today posted a massive 16% rise in pre-tax profit to €115.7M ($154.6M) compared with €99.8M in 2005 NY/NJ port demands OOIL cash FOLLOWING the DPW sale precedent, Big Apple port bosses are now demanding $54M from Orient Overseas International Ltd. to approve its Staten Island terminal lease sale Singapore teams up to attract talent SHIPOWNERS based in Singapore or with regional offices in the Republic have joined forces to encourage young talent into the maritime sector Rochester finally finds ferry buyer THE City of Rochester in New York state has announced the sale of its troubled fast ferry Spirit of Ontario to Germany's Forde Reederei Seetouristik Dutch builder K Damen bankrupt DUTCH shipbuilder K Damen, based in Hardinxveld to the east of Rotterdam, has been declared bankrupt Strong support for Singapore arbitration SINGAPORE'S claims as an alternative dispute resolution centre has received strong backing at Sea Asia Technical issues up for Asia debate Celtic Mist fails inspection Tata Power secures Indonesian coal Volgotanker firesale plan denied

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APRIL 3, 2007
NY-NJ port authority wants payout to approve sale of Staten Island terminal Authority asks for $54 million from OOCL parent to approve sale of New York Container Terminal to Ontario Teachers' Pension Fund. Report: Coos Bay in running for Maersk terminal Pacer lowers estimates Average rates still sliding: NOL Trailer Bridge expanding tug-barge to Dominican Republic WTSA proposes rate increases for wastepaper Vancouver offers discount fees for cleaner fuels Insurer: Tough year ahead Eimskip opens Halifax call, resumes Boston feeder Union Pacific re-opens key N. California bridge Upper Great Lakes opens shipping season

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APRIL 3, 2007
Cochin box terminal hit again, as trailer operators join truck strike Container trailer operators have joined the "indefinite" strike by truck operators in Kerala, aggravating the situation already hit by the suspension of rail-traffic over the Venduruthy bridge to the port. BPA: Busan expansion needed to improve service MSC Joanna freed Jakarta mulls JICT and TPK Koja merger Container throughput falls at Mumbai Port China Shipping Industry grasps its first boxship order Reuters: Hong Kong shipowners back move to switch from high-sulphur fuels NCC terminals continue growth

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APRIL 3, 2007
Stealthgas gobbles up four US-listed owner confirms purchase of three secondhand vessels and one newbuild, with affiliates involved. Petrobras pays the piper Norwegian offshore vessel owner Acergy wins big gas pipeline-laying deal off Brazil. Maracaibo claims another tanker Greek-operated aframax loaded with heavy crude grounds in Venezuela's notoriously hazardous shipping channel. Fincantieri cruising Higher revenues and more efficient production see Italian yard group's annual profit rise 21%. LNG the focus for Daewoo Korean yard wants to build even more gas carriers, because they use less steel than VLCCs. Modec taps Cosco for conversion Shipbuilder wins $40m contract for its Dalian yard, as new panamax dock opens at Zhoushan. Onorato takes cabotage fight to EC Moby chairman challenges new agreement between Italian government and state-owned operator with open letter to European Commission. Baltija lines up investment Lithuanian shipbuilder to spend nearly $4m on modernising its production processes. TBS secures funding New loan from RBS allows Joe Royce to lift subjects on Chinese newbuild programme. Four injured in bulker explosion Three Filipinos treated for burns after suspected boiler-room blast onboard NYK Line-operated ship off Australia. Namsos buys fish stake Norwegian ferry owner reels in 35% holding in domestic operation Norsk Fisketransport. Another hijacking off Somalia Indian vessel and crew seized off Mogadishu as fighting escalates between Ethiopian and Somali forces. Lindo looks to broaden appeal AP Moller-Maersk's Danish yard considering building more than just boxships as it seeks to address recent losses. Rozen talks begin Negotiations underway to free Kenyan cargoship held by Somali pirates. Four more for Austal Australian shipbuilder adds fast ferries to orderbook, but cannot yet name buyer. Danish owner wins ferry deal Bornholmstrafikken to replace Samso-Linien on route between Samso and Jylland next year. FreeSeas offloads Nasdaq listed dry bulk operator books $1.6m profit from sale of 25-year-old handysize bulker. Rochester ferry finally sold Germany's FRS beats Euroferries to land Spirit of Ontario for Med run. NCL suffers azipod glitch Norwegian Dawn to undergo unscheduled dry dock for repairs to propulsion plant thrust bearing. Lunar impact NOL says trend of weakening rates may be easing, but Chinese holiday period impacts figures.

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APRIL 3, 2007
Sky high vessel prices worry ship financiers APL's average revenue per FEU down 5% Horizon Lines readies new 2,824-TEU ship for service MOL establishing Pakistan subsidiary IRI opens office in Seoul, expands Singapore branch SeaBridge adds four members to board Air freight groups partner to improve security U.S. international air cargo up 1.7% in February Continental's cargo down 3.3% in March Nippon Express offering faster Japan-Shanghai links Group says chlorine rail hazard "indefensible" Con-Way, Tropical team up to simplify Caribbean service CN building transload center, intermodal yard in Prince George Industry groups praise U.S.-South Korea free trade deal FDA orders hold on Chinese wheat gluten shipments California almonds exporters face new USDA treatment regulation Indian nationals arrested for tech export violations IKEA to open China's biggest foreign-owned warehouse ITC investigates U.S.'s Cuba trade restrictions on ag exports N.Y.-N.J. ports seek $37 million for transfer of Howland Hook lease UP plans $300 million Los Angeles port upgrade San Diego port cargo volumes rise 6% in 2006

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APRIL 3, 2007
WWL wins Clean Seas Award for second time Wallenius Wilhelmsen Logistics (WWL) has won the Clean Seas Award at the 2007 Lloyd's List Awards for the company's continuous ... Scandlines with all time high profit Scandlines A/G broke a record in 2006 when its profit reached the all time high EUR 103.1 million ' equal ... Erik Thulin quits to establish Nomadic Shipping Erik Thulin, the Green Reefers managing director will leave the company on 15 May after 18 years to establish Nomadic ...

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APRIL 3, 2007
Contract awarded for pipeline to Fujairah Pipeline will allow oil exports to bypass Strait of Hormuz, feed new refinery. Supplier offers alternative in Freeport FOCOL providing options for MGO supply in the Bahamas. Shipping firm opens bunker department Team of two to look after bunkering needs of substantial global fleet. Distillate debate on collision course again Senior Greek shipping figure slams 'misinformation' regarding emissions from ships. ARA market continues firm Busan port development could boost bunker sales Busan Port Authority affirms plans to attract higher container traffic and improve port infrastructure. Soaring Dragon boosts fleet Second bunker tanker with heating devices enters Hong Kong waters. Bunker supplies improve in Singapore Bunker prices soften, demand remains below average.