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Shipping News

Maersk opens US$380m Xiamen container terminal
Danish shipping and oil group AP Moeller- Maersk opened a US$380 million container terminal in Xiamen yesterday, in a bet that China's trade growth will fill its ports despite concerns about overcapacity.
China Cosco expects dry-bulk rates to rise on growth
China Cosco Holdings Co, poised to buy the world's largest dry-bulk fleet, expects rates for carrying iron ore, coal and other commodities to carry on climbing because of the country's economic growth.
Carnival calls off European venture
Cruise ship operator Carnival Corp said on Wednesday it was dropping plans for a joint venture with European tour operator TUI AG, blaming German regulatory hurdles.
Record supramax freight rates seen extending surge
Transocean's India rig rates lower than expected

Admiralty Casebook

Lubricating oil, bunker fuel not part of vessel
A BANK'S mortgage over a vessel does not include bunker fuel or lubricating oil on the vessel because these cannot be considered physical parts of the ship, an Australian court ruled last month.

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Shipping News

Maersk opens US$380m Xiamen container terminal
Danish shipping and oil group AP Moeller- Maersk opened a US$380 million container terminal in Xiamen yesterday, in a bet that China's trade growth will fill its ports despite concerns about overcapacity.
China Cosco expects dry-bulk rates to rise on growth
China Cosco Holdings Co, poised to buy the world's largest dry-bulk fleet, expects rates for carrying iron ore, coal and other commodities to carry on climbing because of the country's economic growth.
Carnival calls off European venture
Cruise ship operator Carnival Corp said on Wednesday it was dropping plans for a joint venture with European tour operator TUI AG, blaming German regulatory hurdles.
Record supramax freight rates seen extending surge
Transocean's India rig rates lower than expected

Admiralty Casebook

Lubricating oil, bunker fuel not part of vessel
A BANK'S mortgage over a vessel does not include bunker fuel or lubricating oil on the vessel because these cannot be considered physical parts of the ship, an Australian court ruled last month.

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Evergreen plans cheaper ships by owning shipyard in China FESCO to launch North China-Russia service CCT sets new box handling record in August Chengdu to build rail container hub in October Container shipping rates rebound on higher volume: Transport Intelligence Safmarine to take delivery of seven newbuildings in 2008 Panama Canal expansion begins in earnest Airbus to end production of mid-sized A300, A310s Lufthansa invests in air cargo terminal in Tianjin No cabotage in Chile-India 'open skies' air cargo deal Maximus Air Cargo expands its fleet to 8 aircraft

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Need for cooperation between shippers, maritime trade in S. Asia stressed Merchant Shipping (A) Bill awaits Rajya Sabha nod Shreyas acquires 51 pc stake in Haytrans India 9 cos submit EoI to set up shipyard on East Coast-Baalu Bulk of imported wheat to be of European, Canadian origin Indo-Swedish trade surges by 55 pc during 2006-07 c&f Railways begins gauge conversion to connect hinterland to 4 Gujarat ports Rites to upgrade Tanzanian railway network CONCOR to augment facilities in Ratlam-ICD-Pithampur area FinMin to bring in export valuation rules soon to curb DEPB misuse Need for better infrastructure stressed

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SEPTEMBER 6, 2007
Evergreen chairman honoured Hutchison to develop container port in Pakistan Volga-Dnepr orders three Ilyushin IL-76 freighters Swiss federal railway improves transport performance Time: matters takes over from Fraport Cargo Services in Frankfurt

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SEPTEMBER 6, 2007
California emissions law not enforceable Alaska rules guide for cruiseships Liberia seeks new maritime commissioner Boxship outruns Malacca pirates

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SEPTEMBER 6, 2007
ACL to acquire Elliott Bay Design Group RollDock opens Houston office Samsung Heavy Industries adds $1.3 billion to orderbook European team completes diesel R&D project Carnival Spanish cruise JV on track, but TUI plan fizzles China plans shipyard licensing system

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SEPTEMBER 6, 2007
Georgia Pacific announces plan to quit operations in Bellingham Historic crane arrives at Vancouver, BC terminal Tacoma 'Port Report' program returns to local cable channels Port of Bremerton will test new waste water treatment system Crowley teams with Red Cross to deliver disaster supplies

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SEPTEMBER 6, 2007
Poland extends Stocznia Gdynia sale deadline SALE period lengthened after only 10 firms show interest in investing. Poland puts Stocznia Gdynia up for auction Samsung scores a win with won deal SHIPBUILDER curbs risks by inking contract for full payment in South Korean won with BP. Users pledge to fund Malacca Strait safety SIX countries vow to contribute to navigational safety projects but major European shipowning nations yet to make commitment. Kieling over? Canal bids to avoid being left on the bench THE future of the Kiel Canal is at risk as larger vessels and changing shipping patterns make it a less attractive option. Sea of faith SHIPOWNERS may not look unduly pious, but nevertheless they have a great deal of faith.

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SEPTEMBER 6, 2007
US greens sue for strict air rules An international environmental group has filed suit against the US Environmental Protection Agency in an effort to force stricter rulemaking on air pollution standards for commercial vessels Credit fears lead to loan squeeze UPWARDS of $34 billion in bank-held infrastructure financing funds have become paralysed as debt investors have become nervous over recent shifts in credit trends Firms scramble to build Indian yard Nine firms are competing to build a huge shipyard on the Indian east coast, while three have expressed interest in a west coast facility Titan frees stranded Maersk ship TITAN Salvage reports that the 4,542-teu Maersk Diadema has been freed from a sandbar off the channel into Mexico's Lazaro Cardenas Vote may not decide ICG's future IRISH Continental Group's independent directors have been given the go-ahead by the Irish High Court to ask a shareholders meeting to decide on the takeover offer Spanish Algerian divorce turns ugly Sonatrach has accused Spanish companies of an "industrial fiasco" over the delays that eventually killed the Gassi Touil gas field project NAT gears up for Suezmax bonanza Cargo info system goes live at last Titan to focus on oil logistics Suez fraudsters in new scam Fishermen oppose salvage op MC Shipping sells up Dynamite salvor in hot water again Lion and Vinashin in steel deal Share prices hinder Novoship sale Schwarzenegger kills $30 box bill

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SEPTEMBER 6, 2007
Veto threat leads Lowenthal to hold over California container fee bill until 2008 Bill authored by activist senator would have levied $30-per-TEU fee on containers at LA, Long Beach, and Oakland. Port Tracker forecasts congestion-free October $1B bill for clean trucks Increase for MSC U.S.-Far East ag rates Judge dismisses challenges to new Charleston terminal Manufacturers: Asia meet could jumpstart Doha talks August rail traffic falls Menlo completes 3PL buy Canada will accept U.S.-registered Mexican trucks Nine vie for India shipyard Bear Stearns affiliate buys MC Shipping

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SEPTEMBER 6, 2007
New block train service for Moscow APMT opens up officially in Xiamen Unpopular US port bill shelved until 2008 New York Terminal Conference increases rates Canadian ports unfazed by US scan-all legislation

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SEPTEMBER 6, 2007
Guilty Greece's Ionia Management convicted of waste-oil violations after jury trial in New Haven. EPA sued over ship emissions Activists say US environmental agency failed to meet deadline to regulate pollution. ACL buys engineering firm US barge and shipyard company takes over Elliott Bay Design Group. PetroChina inks LNG deal Second of two Austrialian import agreements to support Chinese terminal projects. Bulky profits for Premuda Italian owner boosted in first half by strong dry cargo market. Maersk Diadema freed Wulff-owned ship may have suffered slight damage after running aground in Mexico. NAT so good Herbjorn Hansson tells tanker owner's shareholders to expect weaker third quarter, but winter promises better things. ISM campaign's first scalps A worldwide check on safety management has already seen ships detained. Out with the old... Korean bulker owner STX Pan Ocean lets one oldie go and signs up for new unit at offshoot STX Shipbuilding. Bottiglieri back in China Italian owner orders more post-panamax bulkers at Jiangsu Yangzijiang. Baalu shows SCI's hand India's shipping minister says state owner will order 31 ships in current financial year. Finaval feeling flush Italian IPO candidate produces 93% jump in profits for first half. NYK powers up New boxship successfully tests shoreside electrical power unit to cut greenhouse gas emissions. Players vie for yard pie Seven Indian outfits and two outsiders express interest in setting up new shipyard on India's east coast. Seaways feeds the west New west coast boxship run from Pipavav to JNPT launched by Indian owner. Won win situation at Samsung Korean yard grabs first complete order in local currency for FPSO with another boxship quintet also inked. MBC eyes big returns Malaysian owner could push annual profit up 17% as bulker market booms, boss Kuok Khoon Kuan says. Blue Lady cleared for scrapping? Indian government tells Supreme Court that decontamination rules regarding former Norway have been complied with.

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SEPTEMBER 6, 2007
COSCO transferring bulk ships to Hong Kong arm Bear Stearns acquires MC Shipping Hanjin listing schedules with OceanSchedules.com Diana charters bulk carrier British Airways cargo up 3.9% in August Costa Rica allows U.S. cattle imports UTi's profit down after accounting gain last year Descartes net profit up 55% Menlo buys Cougar Express RFID will grow in logistics Smith named APHIS administrator Dutch logistics group opens Hong Kong office Ag Secretary Johanns promotes DR-CAFTA in Central America Former Rep. Dunn dies California ports container tax bill shelved Small vessel radiation detection project launched in Seattle Maersk opens new Xiamen box terminal Tacoma port starts work on East Blair Waterway terminal development Grace joins Virginia terminals board

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SEPTEMBER 6, 2007
Whole marine team leaves Codan in Bergen The Codan Marine Services team in Bergen has decided to leave the company. SSG has learned that they have been ... Nato wants to protect the tanker fleet According to NATO Secretary General de Hoop Scheffer, his organisation should play a greater role in the protection ot the ... Tor Anglia back with military equipment from Iraq The DFDS owned ro/ro vessel Tor Anglia arrived this week at Aalborg for the discharge of the last military ...

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SEPTEMBER 6, 2007
Arguments not 'persuasive' in bunker fuel court case Judge not convinced by California position on distillate fuel use in striking down of local rules. Source of spill remains a mystery Coast Guard still working to determine origin of spill as clean-up continuing. Shell refinery forced to close Local bunker markets under further pressure from government action. Crude up following US oil inventory drain Stocks of crude and gasoline drop more than expected, sending WTI to five-week high. Middle East bunker squeeze continues Cuts in key Iranian fuel oil exports expected during September and October. Rotterdam market remains firm Russian oil flows falling Shipments via Estonian at new low and St. Petersburg exports set to fall in September. EMSA vessel 'not involved' in New Flame operations Gibraltar government stressing that it has not requested EMSA intervention. Singapore: Residual fuel stocks up Middle distillate inventories at five-week low. Australia Bunkering welcomes new trader OceanConnect to open office in Japan Company source says Tokyo office should be running by the end of end-September. Oil leaks from sunken ship Philippine officials say oil is coming from a 34-year old wreck. Typhoon halts Tokyo bunker deliveries Bunker deliveries expected to resume on Friday.