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China Cosco to buy dry-bulk fleet for US$4.6b
China Cosco Holdings Co Ltd will buy its parent's dry-bulk shipping fleet for US$4.6 billion, making it the world's largest transporter of resources as Chinese demand for raw materials soars.
Cooperation reached on safety in Malacca Strait
South-east Asian nations have agreed to an 'historic' cooperation mechanism to help improve safety in waterways which are vital to world trade, officials said yesterday.

Strait Talk

Automation at sea: proceed with care
THE latest issue of the International Maritime Human Element Bulletin, Alert, features a delightful cartoon. A female ship's captain is sitting at bridge console that would not look out of place in Star Trek. Through the bridge windows, we can see that it is either snowing or raining heavily - in any case, visibility is restricted.

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Shipping News

China Cosco to buy dry-bulk fleet for US$4.6b
China Cosco Holdings Co Ltd will buy its parent's dry-bulk shipping fleet for US$4.6 billion, making it the world's largest transporter of resources as Chinese demand for raw materials soars.
Cooperation reached on safety in Malacca Strait
South-east Asian nations have agreed to an 'historic' cooperation mechanism to help improve safety in waterways which are vital to world trade, officials said yesterday.

Strait Talk

Automation at sea: proceed with care
THE latest issue of the International Maritime Human Element Bulletin, Alert, features a delightful cartoon. A female ship's captain is sitting at bridge console that would not look out of place in Star Trek. Through the bridge windows, we can see that it is either snowing or raining heavily - in any case, visibility is restricted.

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Tianjin empties going to HK increase 120pc Sinotrans posts first half profit of US$52 million, up 22.8pc Port of Jiangyin box volume soars 188pc to 169,000 TEU Hutchison Port Holdings opens two terminals in Egypt CTSA says fuel recovery surcharges will remain in place Schenker-Seino opens new logistics centre in Japan India's Tuticorin port to grow with new box yard, CFS China Cargo launches Xiamen-Pudong-Osaka service China Southern launches truck-air intermodal service in eastern China EVA Airways eyes piece of Shanghai pie

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Prudential Shipping rolls out red carpet as m.v. Atlantic Express makes maiden call at Mumbai Port Strait pirates stay ashore as littoral states join hands to police the seas Adani Shipyard stake draws domestic, global players Evolve brand images for global market, PM exhorts textile industry July exports impress in dollar terms KoPT to deploy mobile harbour cranes at 2 Haldia Dock berths Maruti may opt for Mundra Port as export gateway CCT achieves new milestone of OVER 1 LAKH TEUs IN AUG.! Fresh tender for Bangalore-Mysore corridor project awaits SC nod Sical to set up empty container yard at Tuticorin Ficci floats formula on GST structure 170 proposals may be confined to dustbin

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Delta Air Lines names former Northwest boss as new head Port of Novorossiysk to go public Emirates lands in Newcastle NYK Logistics invests GBP 1 million in UK Basel to host St Gallen University's logistics service congress

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SEPTEMBER 4, 2007
Swedish Club highlights "competence erosion" LR launches online service Korean yard joins ShipServ NOS opens office in Singapore

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SEPTEMBER 4, 2007
Dalian delivers high spec jackup to Noble ABS issues new coatings guidance Craig Stevenson picked for Ship Finance International chair Clean Air Act preempts CARB ship emission regs Canadian yard delivers Incat

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SEPTEMBER 4, 2007
German banks up borrowing cost for shipowners BANKS hit by US crisis increase the cost of borrowing for shipowners negotiating newbuilding contracts. Bankers see little risk of credit crunch for shipping Calls to share cost of Malacca Straits safety IMO urges users and stakeholders to share the cost of funding projects aimed at boosting safety in the strait. 'A great day for Panama': $5bn expansion blasts off THE expansion of the Panama Canal - possibly the most influential infrastructure project in shipping - has started with a bang. Panama sets out on a new path THE expansion of the Panama Canal will reconfirm its importance as a vital route and reduce the costs of world trade. More Rotterdam draws a firm line on gridlock THE problems afflicting the Benelux ports can be eased with co-operation from participants on all sides of the industry.

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SEPTEMBER 4, 2007
Repsol dumped from LNG project Sonatrach, the Algerian state oil company, has abandoned a €5.2Bn ($7Bn) LNG project involving the Spanish energy companies Repsol YPF and Gas Natural Migrant Watch: US/Caribbean THIRTY-ONE Dominican migrants were saved over the weekend thanks to the vigilant crew aboard the Greek-flagged tanker Cap Diamant Santos baulks at expansion cost THE Association of Brazilian Liquid Bulk Terminals has looked at three plans for expansion and decided it wants the cheapest one Manila bidding forced open PHILIPPINE Ports Authority had been ordered to release the privatisation documents for Manila North Harbour Hurtigruten share plan moves on THE Norwegian passenger shipping company has established a consortium to guarantee that a share issue will be subscribed in full Lanka appeals for aid ships COLOMBO is seeking two more merchant ships to take cargo to the northern Jaffna peninsula, which remains cut off as Tamil Tiger rebels control the land route Tax may deter Russian oil exports Aaser out, Stevenson in at SFI KKR's billion-dollar Turkish buyout Malacca 6-point maritime pact Ship owners fear ISPS 'blacklist' Cosco reshuffles, CSIC follows Scramble for Navibulgar Liberian maritime boss gets boot Rosneft rejects Volgotanker rescue Felix spares Belize and Yucatan

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SEPTEMBER 4, 2007
Court blocks California ship fuel rule Federal judge invalidates state law requiring ships to burn low-sulfur fuel within 24 miles of the coast. Panama Canal holds groundbreaking for historic expansion NY-NJ terminals hike rates KKR buying Turkish line for $1.2B: Report Sea Star Line increases Puerto Rico rates NYK successfully tests new cold-ironing power unit LA port to disclose results of air studies Port of Stockton settles lawsuits over expansion New York-New Jersey, Rotterdam in environmental agreement New cranes for Long Beach Eurogate nets record

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SEPTEMBER 4, 2007
Laem Chabang to push truck alternatives Eurogate achieves record results Panama Canal expansion inaugurated NYK tests new 'cold ironing' device New container terminal for Gwangyang

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SEPTEMBER 4, 2007
Maersk ship aground in Mexico Containership was approaching Lazaro Cardenas Port Shreyas acquires Haytrans Indian shipping line snaps up controlling stake in compatriot logistics player. Liberian job vacancy Search for new maritime commissioner begins with plea to media for help. Stevenson resurfaces Former OMI CEO joins board at Ship Finance International with chairmanship almost a formality. Essar in for Navibulgar Indian tanker owner lines up against CMA CGM, Gearbulk, Sider Navi and others in race for mixed fleet of Bulgarian company. Boustead bullish Malaysian shipbuilding group expecting good things in second half after strong first six months. Hurtrigruten hunts share sale Norwegian cruise operator to raise $51m through sale of shares in refinancing move. Global cautious on profits Malaysian tanker owner warns of earnings fall this year due to fewer ships sales, more drydockings. Pella to provide two Russian shipbuilder signs deal for two tugs with port of Ust-Luga. Probe for Unithai? Cheap land deal between Thai yard and national port authority could come under scrutiny after auditor's report. KKR digs deep US private equity firm will pay $1.2bn for Turkey's UN Ro-Ro after shareholders approve deal. Cosco sells to Cosco Hong Kong-listed China Cosco Holdings spends a massive $4.59bn on its parent's dry-bulk fleet. New line for Tschudi Norwegian owner to run boxship between Norway, UK and Netherlands. Samudera opens in Vietnam Indonesian liner operator has set up offices in Ho Chi Minh City with an eye on other sectors.

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SEPTEMBER 4, 2007
Andersen to take Maersk reins earlier than planned Maersk increasing rates in Med-to-North America, Guam trade Merger of small Chinese shipping lines likely Evergreen's Chang honored in Italy, Russia TORM reports jump in profit Sea Star plans southbound Puerto Rico rate hike Air cargo panel: China overcapacity keeps Asia rates soft Lufthansa Cargo, DHL to create air cargo joint venture Wraight joins Cargoitalia as chairman AirBridgeCargo starts Moscow/Tokyo service Bertschi opens Rotterdam intermodal terminal Record U.S. ag exports to continue through 2008 End of duty benefits could deeply impact Chinese manufacturers U.S. files WTO complaint over Indian alcohol duties Austrian logistics firm's foray into India successful so far Grindrod retires from Grindrod, company buys 50% of heavy lift firm Hardy, CBP field director, retires Counterfeit goods found in Savannah Woodland Group rebrands freight forwarding operations Report sees benefits of S. Calif. ports' truck plan Explosions marks start of Panama Canal expansion Maher Terminals suspends Saturday hours Hutchison's Egypt subsidiary celebrates terminals opening L.A. mayor holds back support on Lowenthal container tax bill State officials O.K. funds for Stockton biodiesel plant ICTSI picks Majumdar to head Syrian unit

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SEPTEMBER 4, 2007
Havyard Maritime buys Skipskonsult Norwegian designer of offshore vessels, Havyard Maritime, as bought 75 per cent of fellow ship designer Skipskonsult for NOK 13 ... EMSA sends assistance to Gibraltar EMSA's (European Maritime Safety Agency) emergency oil spill response ship Mistra Bay is on it's way to Gibraltar and ... Wilhelmsen to acquire Callenberg Group Wilhelmsen Maritime Services (WMS) is to acquire the Swedish maritime service provider, Uddevalla-based Callenberg Group for SEK 367 million net ...

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SEPTEMBER 4, 2007
Bunker spill cause still under dispute Parties disagreeing over cause of grounding that saw over 1,000 tonnes of fuel spilled. New barge rules enacted Coast Guard requiring additional measures to protect against oil spills. IMAREX reports positive second quarter Freight and fuel oil trades up from a year earlier. Aegean acquires another tanker Expansion continues with second-hand tanker expected to be deployed in UAE, share price going strong. Team expansion for O.W. Risk Management Russian oil export duties confirmed New record duty on crude oil and 11% gain in export tax for fuel oil. European bunker surcharges left steady BAFs for FEFC member lines unchanged after months of hikes. Rotterdam market remains firm Hurricane Felix threatens Central America Category 5 storm could have 'catastrophic' impact. Damaged IFO pipeline may take 'years' to repair Pipeline to Karachi and Bin Qasim ports could be out of service for 'two to three years'. Titan concludes deal to buy Chinese shipyard Hong Kong-listed arm will own 100% stake in Titan Quanzhou Shipyard.