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Shipping News

S'pore LNG terminal slated to be running by 2012
SINGAPORE's liquified natural gas terminal is on-track to be up and running by 2012 with the location to be announced in the coming weeks, a deputy director of the energy regulatory body said yesterday.
Sea Asia closes on positive note
THE inaugural three-day Sea Asia conference and exhibition closed in Singapore yesterday, with industry participants praising the fresh approach and high calibre content of the maritime event.
WTSA to raise wastepaper shipping rates
COSCO Container Lines Ltd, Asia's largest container transporter, and nine other shipping companies plan to raise rates to move wastepaper from the US to Asia as they seek to recover increased costs.

Strait Talk

Bunker industry optimistic despite green challenges
THE port city of Fujairah is probably not in the diaries of many events organisers.

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Shipping News

S'pore LNG terminal slated to be running by 2012
SINGAPORE's liquified natural gas terminal is on-track to be up and running by 2012 with the location to be announced in the coming weeks, a deputy director of the energy regulatory body said yesterday.
Sea Asia closes on positive note
THE inaugural three-day Sea Asia conference and exhibition closed in Singapore yesterday, with industry participants praising the fresh approach and high calibre content of the maritime event.
WTSA to raise wastepaper shipping rates
COSCO Container Lines Ltd, Asia's largest container transporter, and nine other shipping companies plan to raise rates to move wastepaper from the US to Asia as they seek to recover increased costs.

Strait Talk

Bunker industry optimistic despite green challenges
THE port city of Fujairah is probably not in the diaries of many events organisers.

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Patrick Allain-Launay retires from MOL NZ to provide software for new Gdansk box terminal in Poland Agility to buy LEP Intl. in Australia & NZ, plus Pan Orient Shipping

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Navy rescues SCI ship in Pacific Baalu proposes 5-point package to promote coastal shipping Duty-free window at Nathu La trade pass mooted Textile team studying Russian market Assocham moots duty-free market access for smaller neighbours Yes, we've decided-PM JNP sails past 3-m TEU mark in 2006-07 MoS invites port federation leaders to sign bonus settlement Major Ports clock 9.5 pc growth in cargo handling during 2006-07 Cargo throughput up by 10.28 pc at Cochin port Licences can now be sought any day VED organising major logistics seminar at Nagpur on April 7 Only steel cos may be allowed to own iron ore mines Ore export duty aimed at conserving scarce resources, explains Finance Minister CVD, SAD on cement imports off

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APRIL 4, 2007
Piracy returns to Somalia MOL to spend US$294m on safety Baltic Exchange marks Singapore opening Höegh subsidiary seeks approval for Florida LNG port Syrian port gears up

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APRIL 4, 2007
Ingalls shipyard workers end strike Wartsila RT-flex license for Hitachi Zosen Sharjah yard to build jackups for new JV Keppel O&M units report orders from repeat customers

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APRIL 4, 2007
Bellingham port board Oks lease transfer for seafood firm Marcon International brokers sale of three vessels Barbara Spector Yeninas wins New Jersey businesswoman honor WTSA member carriers plan wastepaper rate boost Trailer Bridge will expand service with addition of container vessel

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APRIL 4, 2007
Saade threatens to drop Marseilles CMA CGM will divert vessels if industrial relations problems at the port are not resolved. Marseilles backlog 'will take 10 days to clear' Government accused of delaying Gateway approval PORT of London Authority chief says failure to approve project promptly has put UK's position on the global shipping stage at risk. Total manager denies instructing Erika master SHIPPING operations manager had received conflicting information about the vessel's situation.

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APRIL 4, 2007
LNG 'creaming off senior officers' SINGAPORE 04 April ' Rapid growth of LNG shipping has forced vessel operators to cream off senior officers from other ship types, causing a serious shortage of trained and quality crew, warned Anglo Eastern Ship Management quality and training director Pradeep Chawla today ICG bidders still circling TWO minority shareolders in Irish Continental Group have confirmed they are in talks regarding a higher value alternative offer to the management buyout LOOP terminal eyes expansion LOUISIANA Offshore Oil Port, the largest crude import terminal in America, is considering expansion, according to the Wall Street Journal Carriers up US-Carib service BOX barge operator Trailer Bridge and container line Tropical Shipping have announced new services from the US to the Caribbean Migrant Watch: US/Caribbean CELEBRITY Cruises' Century rescued 12 Cuban migrants from seas south of Cuba on 19 March; ten have been repatriated and two sent to Guantanamo Bay Transpetro smoothes Rio yard concern TRANSPETRO is to increase the amount it will pay direct to local yards for newbuildings, thereby removing concerns over shipyard guarantees at development bank BNDES Asia faces single-hull influx Malaysia seeks shipbuilding funds Singapore to unveil LNG terminal plan Onorato slams Tirrenia extension Puerto Rico union boss convicted Tandanor taken back by government NY/NJ port demands OOIL cash

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APRIL 4, 2007
CMA CGM, APL plan all-water services The two services, one each for the Suez and Panama canals, will start this summer. Other NWA members could enter the mix. Panel asks Congress to study carrier antitrust immunity CMA CGM adds ships in Europe-S. America trade Agility acquires project forwarder, NVO United, Bmi seek trans-Atlantic air alliance Volume rises 9.5% at Indian ports Emirates Post Office eyes freighters BDP takes full ownership of German venture Senior executive leaves Panalpina Report: Coos Bay in running for Maersk terminal

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APRIL 4, 2007
China Merchants stock surges on rumour of port deal Port operator China Merchants Holdings (International) Co. Ltd. shares have surged 12%, following comments by a source today, that the company may invest in its parent company's US$1bn container port in Vietnam, Reuters reports. Yellow Sea Liners hike Korea/China rates, to cover costs SBB Cargo sees salvation in international trades Kerala government to test waters for Vizhinjam port project C-T-Bigger Bigger remains better, as charterers mop up larger ships ICTSI to gear up its Tartous investment Vostochniy continues momentum

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APRIL 4, 2007
Generally positive It's so far, so good after General Maritime's $15 per share dividend payout, as the stock outperforms its rivals over the past week. DryShips at it again George Economou-controlled bulker owner follows up three-ship purchase last week with another two from Blystad. Two in one Konig picks up another tanker in second purchase of the week. Jackpot joy Angelicoussis cashes in $27m-worth of chips after panamax sale. Sydney Ferries faces overhaul Privatisation of accident-prone Australian operator not being ruled out in state probe. Authorities check Gaz Imperial Pakistan examines insulation on world's largest LPG carrier before scrapping it. Ultrapetrol back on Wall St Company will raise circa $70m for new projects as longterm equity investor cashes out 50% of stake. More for Malaysia Government wants to top up fund that has doled out $405m in finance to shipyards so far. Costly call Ships had head on collision in dense fog as pilots used mobile phones rather than radar plots. On cue, a new player emerges One51 and the Doyle group enter the ring for Irish Continental, waving possible EUR 20 bid. Philippines 1 Russia 0 Face-off between crew and officers over pay and working hours ends in victory for Filipinos as ITF steps in. Nothing left in the pot Shareholders could lose out after Irish Continental confirms it has no rival offers and management sticks at EUR 18.50. Opec cut back in March Oil exporting cartel's output reduction equalled a suezmax cargo every five days last month. Solstad goes for Rem Norwegian anchor-handler player to make offer for supply ship-owning compatriot after building stake to nearly 42%. Upgrade for British Marine Reserving deal boosts specialist smaller ship underwriter to A+ status. NYK bails out Japanese shipping giant has sold its stake in loss-making airship venture. Wartsila strikes Japanese deal Finnish ship engine maker licenses electronically controlled units to Hitachi Zosen. MOL goes in-house again Japanese container line ditches third-party agency in Pakistan by forming own subsidiary. Russian crew on hunger strike Owner of Russian reefer docked in Japan for four weeks agrees to settle outstanding debts. Aussies detain 17 Among the ships stopped in February was a K Line panamax bulker with 'faulty' oil filtering equipment.

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APRIL 4, 2007
Lines raise Indian subcontinent/U.S. freight rates Carriers seek U.S.-to-Asia rate hikes for paper Long LNG vessel order book stressing shipyards Evergreen, COSCO adding Taiwan, Mexico calls to Asia/Panama service CMA CGM upgrades ships on Europe/Caribbean/Brazil service Trailer Bridge to call Dominican Republic ABS names Artemiev as Russia manager Pilot Air's revenue up 7% in 2006 NYK sells shares in Nippon Airship Corp. United's cargo drops 6.5% in March FESCO takes control of Transgarant UPS survey: China consumer power to exceed U.S. in 10 years Pacer awarded $14.5 million in dispute with Del Monte Foods USDA tightens import rules against chrysanthemum white rust Samskip buying 50% interest in Canadian frozen food specialist Dean Warehouse launches new division Celestica selects Kuehne + Nagel Report: Maersk mulls terminal in Coos Bay, Ore Syria set for first container cranes due to ICTSI order

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APRIL 4, 2007
California issues fuel mix directive Agency clarifying distillate requirements to meet auxiliary engine regulations. Emissions group will look for 'compromise' IMO committee likely to call for a greater use of distillates and abatement technology. Concern over bunkers' sodium content Viswa Lab findings in Ceuta and Barcelona confirmed by other agencies. Supplier favoured in sampling dispute Lawyer describes ruling as 'significant'. ISO expands in yacht fuel sector Global bunker player secures leading position in yacht fuel market with second acquisition. 'Clean Seas' award goes to WWL 'Low sulphur' shipping company wins award for second year running. ARA market very quiet Hong Kong prices 'to stay firm' Players give mixed reports on demand and availability. Tight supplies likely to support Tokyo prices Japanese refineries cutting back on bonded fuel supplies in April.