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Shipping News

Overcapacity looms as ship orders hit record high
A RENEWED ordering binge by container lines has seen as much tonnage ordered in the last six months as the whole of 2006. But the record orderbook calls into question the optimism of carriers, with some industry observers wondering whether overcapacity will bite them in the stern.
Crude oil freight routes close to year's lows
The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse.
SapuraCrest to increase deepwater capability
Oil and gas services provider SapuraCrest Petroleum Bhd will invest up to A$50 million (S$65 million) to increase its deepwater-capable remote-operated vehicles from nine to 15.
DP World lists US$3.25b of bonds on Dubai exchange

Strait Talk

Timing is important, but so is manpower
HOW to make money by owning LPG carriers is the main motive for buying and reading a new report by UK-based Ocean Shipping Consultants (OSC). For the shipowner and potential shipowner readers of this column, this comprehensive report highlights the importance of getting the timing right when ordering LPG carrier newbuildings and buying second-hand tonnage.

web site

Shipping News

Overcapacity looms as ship orders hit record high
A RENEWED ordering binge by container lines has seen as much tonnage ordered in the last six months as the whole of 2006. But the record orderbook calls into question the optimism of carriers, with some industry observers wondering whether overcapacity will bite them in the stern.
Crude oil freight routes close to year's lows
The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse.
SapuraCrest to increase deepwater capability
Oil and gas services provider SapuraCrest Petroleum Bhd will invest up to A$50 million (S$65 million) to increase its deepwater-capable remote-operated vehicles from nine to 15.
DP World lists US$3.25b of bonds on Dubai exchange

Strait Talk

Timing is important, but so is manpower
HOW to make money by owning LPG carriers is the main motive for buying and reading a new report by UK-based Ocean Shipping Consultants (OSC). For the shipowner and potential shipowner readers of this column, this comprehensive report highlights the importance of getting the timing right when ordering LPG carrier newbuildings and buying second-hand tonnage.

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Survey: China beats India and Russia in logistics potential 5,888-TEU OOCL Italy named at Koyo dockyard Ningbo-Europe trade soared 41.3pc January to May Lianyungang to co-operate with Suqian, Huaian in port service CMA CGM and NYK to open first shipping line hinterland box terminal Port of Vancouver to pay US$47m to ease road congestion Famous Pacific Shipping's Indonesian parent wins ISO 9000:2000 'Absolute treasure' for dockside handling of empty boxes Air France increases Shanghai-Paris flight frequency Tianjin Airport cargo rises 16.1pc from January to May United Airlines bolsters coverage of Middle East region Swiss World Cargo to start big airfreight promotion in Israel

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INSA projects 15.57 pc growth in Major Ports' box traffic by 2013-14 GE Shipping to invest Rs 590 cr. in Greatship Phoenix International celebrates a year of successful operations in India Mumbai Port posts 9.44 pc rise in Q1 cargo throughput CoPT swings into action to rescue all from sinking Albanian ship VPT gets new CME Albatross CFS at ICD-Dadri gets EDI-linked India formally joins trans-Asian railway network APL IndiaLinx operates dedicated import train ex-JNP to ICD-Loni Assocham wants SEZs to sharpen export teeth Exports buck rising rupee, soar by 18 pc in May 20th batch of Export Import Workshop inaugurated AIAI hopeful of closer trade ties with UK

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Scott Price named DHL Express' boss for Europe Spainair consolidates position on Canaries New cranes for WienCont Russia: RZD to invest in the Gulf of Finland ports Macquarie Goodman renamed Goodman

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JULY 3, 2007
ISS buys Oceania Bocimar sells and buys TT calls for crane warning sensors Maritima orders more bunker tankers

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JULY 3, 2007
GAO report notes Caribbean port security gaps AHL Shipping to build three Jones Act tankers

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JULY 3, 2007
Nakilat eyes Islamic finance market COMPANY mulls tapping into Islamic finance market as part of next multi-billion funding programme to raise $2.5bn-$3bn. Nakilat and Keppel up repair stakes with Qatar yard South Korean yards face manpower crisis REPORT says worker shortfall would be as much as 15,000 able bodies over the next few years. NOL shares hit all time high SHARES in Neptune Orient Lines hit all time high of S$6.20 backed by an expected improvement in earnings. Hong Kong looks forward - not back TEN years after rule reverted to China, Hong Kong is moving forward in a way that reflects growing confidence. Doing the job is best THE key to ensuring seafarers get the best out of their training is to strike a balance between theory and time at sea.

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JULY 3, 2007
VTS cancellation is 'no risk' The decision to implement a traffic routeing scheme for the northern approaches to the River Thames with effect from 0001 on 1 July without VTS coverage does not appear to have worried the UK's Maritime & Coastguard Agency The $91M articulated tug-barge US Shipping Partners' just-delivered articulated tug-barge newbuilding is one of the most expensive ATBs ever constructed Jim Fitzpatrick speaks for shipping UK shipping minister Dr Stephen Ladyman has been replaced by Jim Fitzpatrick MP, a former firefighter in London and keen football fan Eurotunnel to revise freight train fees EUROTUNNEL is to introduce lower tariffs for freight trains transiting the Channel tunnel in a bid to revive the flagging freight traffic volumes CalMac rival calls for 'open seas' A Scottish ferry operator has called on the government to introduce an 'open seas' policy for the 25 subsidised western routes operated by CalMac USCG probes Aframax grounding COAST Guard investigators are today probing the weekend grounding of American Eagle Tankers' Eagle Otome Carnival's sends Splendor down south Mercator slips as costs increase Albanian ship had no valid insurance Jardines to grow by agreement Indian feeder 'not in danger of sinking' Refloated Pasha damage assessed Little progress on LA/LB talks

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JULY 3, 2007
LA issues environmental report for TraPac expansion MOL wants to expand the terminal to 243 acres, starting next year. NWA plans fifth Asia-Europe loop Panama Canal excavation gets environmental approval Inchcape buys Australian agency ILWU office workers continue talks Felixstowe handles record shipment Chrysler to sign auto pact with China's Chery APEC ministers to meet in bid to save Doha India to break ground on logistics corridor in January Congestion plagues Tuticorin terminal Kawasaki Heavy Industries may build air freighter

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JULY 3, 2007
TRANSEC calls for 'increased vigilance' at UK ports 'Windows' berthing system finally agreed for Paranagu FESCO buy back into Baltic container feeder operations Indonesian THC reduction halts port investment China Shipping Group sign a strategic agreement with APP

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JULY 3, 2007
'Can we lease Hong Kong?' China's exiled former top Hong Kong PR man claims Helmut Sohmen had him ask Jiang Zemin a billion-dollar question. Tufton takes Oldendorff octet German owner sells eight handysize bulkers to fund manager Tufton Oceanic and takes them back on lease. Tanker re-floated off Texas American Eagle Tankers-owned aframax re-floated some hours after grounding in Gulf of Mexico. Vyborg Shipping wants vessels New Baltic line formed by Russian insurer and ports group Oslo Marine Final clearance for Wartsila State prosecutor cannot appeal against not guilty bribery verdict. Maritima back at Aker French bunkering specialist heads back to Norwegian yard group with two-plus-two tanker order. Nordic Tankers buys another Expanding Danish owner takes over newbuilding in Korea from Evalend Shipping of Greece. BLRT builds profit Estonian shipyard group pushes up 2006 earnings by 55%. Teen dies in cruise ship leap Victim of high-profile race-hate case in US commits suicide by jumping from Carnival vessel. Eckero takes more Finnish ferry line snaps up 10% stake in Birka Line from domestic investors. Traders buy into Brouwer Toepfer and ThyssenKrupp MinEnergy take 30% stakes in Hamburg broker. AHL wins tanker deal Houston owner to build three products carriers in Alabama for long-term charter to Shell Trading. Seadrill buys more Sapura Fredriksen's pursuit of Malaysian drilling contractor continues with another 9m shares acquired. Eidesvik inks seismic pair CGGVeritas takes two ships from Norwegian owner as it cancels charter deal with Reiber Shipping.

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JULY 3, 2007
China Shipping starts transpacific loop Inchcape buys Oceania Maritime Services AHL building three new tankers Quintana in sale-leaseback deal Matson raises Palau, Micronesia, Marshall Islands rates MOL launches training vessel Cargolux increasing fuel surcharge Continental's June cargo down 3.4% Deutsche Bahn extends CEO Mehdorn's contract Eimskip starts Boston/Halifax service UP makes operations management changes in Los Angeles, Utah AMB to start 1.5-million-square-foot Adelanto logistics complex Oneida opens distribution center near Savannah, Ga DHL expands in Columbus, Ohio Price named DHL Express head in Europe Maersk merges forwarding operations Construction underway at new Jacksonville container terminal DP World's Parker selected for British economic advisory body

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JULY 3, 2007
Pasha Bulker freed from the beach Svitzer Salvage had the necessary luck yesterday working on the stranded bulk carrier Pasha Bulker off Newcastle N.S.W., Australia. They ... Concordia and Total sign P-MAX carriers Concordia Maritime and Total has signed charter for three P-MAX carriers. Stena Progress, to be delivered from Brodosplit toward ... Another executive leave Maersk Line Another executive officer from Maersk Line is leaving his position after the change of management. It is Vagn Lehd Møller ...

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JULY 3, 2007
Transoil welcomes trader Aker Yards picks up more bunker contracts Repeat order from French transport company takes current bookings to four. Focus remains on Saldanha Bay Reports from South Africa say prospects for the deep water port are good. Lubmarine comes to Cyprus Total's global lubricant network expanded to Cyprus following deal with local company. Rotterdam stays firm, no congestion East Asia market firms to record high Bunker prices supported by a firm Singapore market and strong crude oil prices. Australia refloats grounded bulker Pasha Bulker is finally pulled off the beach after being stranded for three weeks. Oil rallies on supply concerns New York crude price closed near 10-month high on Monday night. PDVSA bunker tanker out for maintenance No supply offshore Lake Maracaibo during vessel's service break.