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Shipping News

All users urged to help on straits' upkeep, security
WITH rising vessel traffic in the Malacca and Singapore Straits - over a third of which is energy-related - international users must begin contributing to improve naviga tional management and security, said the head of the Maritime Institute of Malaysia .
Iran stores 14m barrels of oil on ships in Gulf: source
IRAN is using supertankers in the Gulf for storing at least 14 million barrels of crude, a tanker industry source said on Wednesday, in a strong sign Teheran was complying with an Opec pledge to cut supply.
Nippon Yusen cuts profit forecast
JAPANESE shipping companies turned in mixed results for the last quarter, with Japan's largest shipping line, Nippon Yusen KK, cutting its full-year profit forecast amid greater than expected losses at its Nippon Cargo Airlines unit.
Captain of sunken Indon ferry held for questioning

Admiralty Casebook

Ship's crew, repairers rank ahead of mortgagee
MARITIME claims against a vessel by its crew for unpaid wages and by its repairers for unpaid bills would not lose their status of maritime liens just because the vessel was a passenger ship operating in provincial waters, a Canadian court ruled recently The vessel in this case, Harbourlynx, was owned and operated by Nanaimo Harbour Link Corporation, a company based in British Columbia, for a ferry service in the Strait of Georgia between Nanaimo and Vancouver Between Jan 9 and Jan 23 last year, Harbourlynx was in dry dock at Allied Shipbuilders Ltd for a complete overhaul of its water jets, a dry dock inspection and cleaning and painting of the hull.

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Shipping News

All users urged to help on straits' upkeep, security
WITH rising vessel traffic in the Malacca and Singapore Straits - over a third of which is energy-related - international users must begin contributing to improve naviga tional management and security, said the head of the Maritime Institute of Malaysia .
Iran stores 14m barrels of oil on ships in Gulf: source
IRAN is using supertankers in the Gulf for storing at least 14 million barrels of crude, a tanker industry source said on Wednesday, in a strong sign Teheran was complying with an Opec pledge to cut supply.
Nippon Yusen cuts profit forecast
JAPANESE shipping companies turned in mixed results for the last quarter, with Japan's largest shipping line, Nippon Yusen KK, cutting its full-year profit forecast amid greater than expected losses at its Nippon Cargo Airlines unit.
Captain of sunken Indon ferry held for questioning

Admiralty Casebook

Ship's crew, repairers rank ahead of mortgagee
MARITIME claims against a vessel by its crew for unpaid wages and by its repairers for unpaid bills would not lose their status of maritime liens just because the vessel was a passenger ship operating in provincial waters, a Canadian court ruled recently The vessel in this case, Harbourlynx, was owned and operated by Nanaimo Harbour Link Corporation, a company based in British Columbia, for a ferry service in the Strait of Georgia between Nanaimo and Vancouver Between Jan 9 and Jan 23 last year, Harbourlynx was in dry dock at Allied Shipbuilders Ltd for a complete overhaul of its water jets, a dry dock inspection and cleaning and painting of the hull.

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Hanjin Shipping launches two 6,555-TEU 27-knot containerships Dalian port handled 24m tons of cargo in 2006 Fuzhou's box volume rises with new customs clearance scheme Suzhou Export Processing Zone handles trade worth US$10 billion Listed shipping trust looks to new assets after lacklustre response Kuehne + Nagel wins ICI Paints Vienna contract The Port of Hamburg moves record sea freight in 2006 US transport secretary to focus on US-China flights AA to boost Ireland-Mexico business RUSLAN assists testing A380 carrier under frigid conditions in Canada

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Speedy augmentation of logistics infrastructure need of the hour-Anwarul Hoda SCI receives spate of offers to supply AHTs, super Handymax bulk carriers Welgrow poised for major expansion in East India USDC to go ahead with second review of anti-dumping duty on shirmp Better Indo-Pak trade ties seen hinging on political issues 11.7 pc rise in import of sensitive items $ 20-m Exim Bank LoC for Mozambique Rlys' wagon investment scheme proving to be major draw Airfreight shippers switching to ocean-going options to cut costs Ground handling forms integral part of services provided, aver airlines Ficci to hold meet on 'Inland Water Transport' in March $ 4.5-m FAO aid coming for development of coir industry GDP projected to gallop at 9.2 pc in 2006-07 State assures better deal for SSI sector

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FEBRUARY 8, 2007
Bourbon reports soaring revenues Fake license takes water taxi skipper to slammer Bowditch award for Judge Charles S. Haight $3.5 billion increase in Navy shipbuilding budget

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FEBRUARY 8, 2007
Port of Tacoma completes expansion of WUT for Hyundai Panama Canal Authority names expansion project financial advisor International Propeller Club taps Warner as top congressman Organizational changes underway at Port of Everett Port Tracker report finds container ports slowing down

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Schröder set free FORMER master of Zim Mexico III, jailed for 11-months for death of electrician, is freed by US District judge. Masters issue leniency plea as Schr'der manslaughter sentence nears Greeks buoyant about new flag measures GREECE'S shipowners say that new government measures to restore the competitiveness of the country's ship registry is now moving in the right direction'. September date for Erika judgement THE programme of hearings in the case is due to open in Paris on Monday and end on June 13, but judges are expected to reserve judgement.

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FEBRUARY 8, 2007
Jones Act newbuild debate lingers PHILADELPHIA 09 February ' Aker Philadelphia has asserted that a new union contract will ensure stability for its Jones Act tanker construction programme, but a union lawsuit continues UFS wins ITF boycott case THE United Filipino Seafarers union has won a legal court battle in Sweden against an ITF-backed union in relation to collective bargaining agreements Russians debate foreign investment TWO Russian cabinet ministers have clashed over whether foreign investors should be allowed, or barred, from taking a controlling stake in Russian ports Schroder free, but can't afford appeal CAPT Wolfgang Schroder enjoyed his breakfast this morning for the first time in four months as a free man ' and now he is contemplating his future Aker to build more Jones Act tankers OVERSEAS Shipholding Group has confirmed an "agreement in principle" for six additional product tanker orders at Aker Philadelphia Mexico oil production falling faster MEXICO'S ability to export petroleum is expected to be hit by yesterday's admission that the country's largest oil field is declining even faster than previously thought Grounding prompts comms query Carnival to lead Iberojet venture Sea highways are the answer Brazilian cruise market soaring Japan's Mizuho will advise Panama Japan majors take profit hit Strike unlikely at Daewoo

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FEBRUARY 8, 2007
MOL, "K" Line profits fall in quarter Two of the top three Japanese liner companies reported lower net income for the third quarter of their fiscal year even as revenues gained. Tacoma completes Hyundai terminal expansion Oberstar says budget shorts infrastructure needs Shippers, carriers in Europe talks Zim captain freed after conviction in Mobile crash APL to buy two box ships Rail volumes decline NWA Cargo revenue off Warehouses planned for major Indian cities TNT closes on sale of freight management unit PierPass survey: Trucker earnings on the rise

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FEBRUARY 8, 2007
CMA CGM to launch new Euro-ANZ service In a move that seems to have caught partners and competitors off-guard, CMA CGM is to launch a brand new Europe-Australia/NZ service in two weeks' time. MOL and K Line raise FY2005/06 profit forecast NYK's nine-month net profits fall 36% over weak rates and strong oil prices Brazil customs officers renew industrial action over last year's promises News Analysis: CMA CGM bombshell scares flock of questions out over market Bush administration official expresses concerns about foreign takeover bill Hanjin's consortium chosen to run two berths in Pyeongtaek Bangladesh moots privatisation of new box terminal Japan's Itochu Corporation eyes port and railway investment in Indonesia Tacoma completes terminal expansion for HMM terminal Tasmanian buyers win Patrick Shipping CN to maintain freight operations during conductor strike European shippers and liner representatives meet to document mutual interests

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FEBRUARY 8, 2007
Three held in Hong Kong Trio of boxships, including Taiwan Navigation veteran, failed safety checks in January. P&O watch officer charged Pride of Bilbao lookout arraigned on three counts of manslaughter after yacht disappearance. Ship grounds in Marmara Sea Slovakia-flagged vessel trying to re-float under its own power after grounding on way to Russian port. Carnival signs with Iberojet Americans in charge as companies form joint venture to operate two cruiseships, with more to follow. Cyprus jails Ukrainian captain Ten day stop at port of Famagusta sees master of Malta-flagged vessel sentenced to 45 days behind bars. "Shipping? No thanks" Norwegian kids' "Nei takk" to a career at sea is another headache for owners trying to cope with the manning crisis. Up and down at Iino Familiar pattern for diversified Japanese owner with third-quarter revenue gain mixed with profit pain. Sex link in ferry crash Canadian investigators examining claims two crew were having sex on bridge of Queen of the North. MOL makes more Third-quarter net profit up over 40% as rates increase on routes to South America and Africa. Conti-Lines heads to West Africa Belgian company's new run from Pakistan will capitalise on demand for rice exports. Costs impact NYK results Improving shipping market fails to counter the impact of rising expenses, especially bunkers. EU sets Polish deadline European officials fed up with drawn-out talks on capacity reductions to revive shipyard industry. Shinwa shining again... Japanese tanker and bulker owner ramps up nine-month profit and revenues. K Line sees profits fall Higher fuel costs plus lower freight rates take their toll at second of Japan's big three owners. Alam inks charter Malaysian offshore vessel owner fixes up to two years worth of employment for anchor handler. Daiichi forges ahead Japanese bulker player pockets more profit in three quarters to 31 December. APL to buy Danaos ships APL has exercised options to buy two ships for $88m from John Coustas's Danaos Corp. PUM's profits soar Singapore shipbuilding group enjoys the benefits of a strong orderbook and higher valued ship repair. Bulgaria-Greece pipeline deal Politicians have inked a long-mooted deal to pipe crude oil out of the Black Sea and avoid the crowded Bosporus. $700m more for Philly Dave Meehan-led Aker Philadelphia and OSG have agreed 'in principle' to up to six more products tankers. Navibulgar sale moves closer Bulgarian government to invite shipowners and managers to bid for 70% stake in state-owned operator. ...while coastal operation also rises Domestic bulker owner Shinwa Naiko posts higher profit in first three quarters.

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FEBRUARY 8, 2007
Weather forecast halts "MSC Napoli" container salvage operation NCBFAA criticizes Senate air cargo security bill Volga-Dnepr, Motor Sich managing AN-124 relaunch CN to keep rolling if conductors strike Meetings begin over proposed rail line through Yuma, Calif. Area Northern California train route may soon see freight trains General Atlantic backs out of equity bid for EGL BAX Global opens Chicago logistics campus Global Insight: Slow February will still best 2006 TEU counts Mizuho Corporate Bank wins financial contract for Panama expansion Tacoma expands WUT for Hyundai's growing business Prince Rupert's breakbulk tonnage grows North Carolina ports roll back wages

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FEBRUARY 8, 2007
Marine groundings on the increase The number of groundings along the Norwegian coast are on the increase to 88 incidents last year, according to statistics ... Profit and volumes up for CMP Copenhagen Malmö Port (CMP) has a good year in 2006. The cargo volume handled grew with 10 per cent. The ... Mons Bolin buys S. Ugelstads Rederi Swede Mons Bolin and his Greek business partner Gabriel Petridis has bought S. Ugelstads Rederi in 'lesund for NOK 730 ...

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FEBRUARY 8, 2007
US to implement Annex VI in 'six months' Observers expecting MARPOL pollution legislation to allow enforcement later this year. Chemoil signs Fujairah joint venture Storage terminal giving supplier operations in the world's three largest bunker markets. Bunker prices hit NYK profits Fuel costs and falling container freight rates cast a shadow over 2006 results. Rotterdam: Some suppliers fully booked Singapore: Stocks of residual fuels at 14-month low Onshore stocks of middle distillates also fell in the week ending February 7. Japan: January retroactive bunker price up NYK, Nippon Oil agree retroactive bunker price. Singapore: Tunneling work begins on underground oil storage caverns But start date for the caverns to become operational has been put back. Russian supplier opens Singapore trading arm CEA Bunker eyes broader customer base and expansion with new head office in Singapore.