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Shipping News

Jiangsu port to get 20b yuan capacity boost
The state parent of Jiangsu Lianyungang Port Co plans to invest 20 billion yuan (S$3.9 billion) by 2010 to add more capacity, as it speeds up its expansion to cash in on a global shipping boom.
Scrap prices for ships seen falling
Scrap prices for ships may fall after India tightened environmental laws and Bangladeshi breakers' yards agreed to a temporary halt of purchases, Global Marketing Systems Inc, the world's biggest trader of the vessels, said.

Strait Talk

Scrapping - the green way
THE recent World Maritime Day had as its theme 'Shipping and the Environment'. Over recent months, the environmental issue that has been most associated with the shipping industry has been the control of emissions. The focus has increasingly been on shipping's carbon dioxide output.

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Shipping News

Jiangsu port to get 20b yuan capacity boost
The state parent of Jiangsu Lianyungang Port Co plans to invest 20 billion yuan (S$3.9 billion) by 2010 to add more capacity, as it speeds up its expansion to cash in on a global shipping boom.
Scrap prices for ships seen falling
Scrap prices for ships may fall after India tightened environmental laws and Bangladeshi breakers' yards agreed to a temporary halt of purchases, Global Marketing Systems Inc, the world's biggest trader of the vessels, said.

Strait Talk

Scrapping - the green way
THE recent World Maritime Day had as its theme 'Shipping and the Environment'. Over recent months, the environmental issue that has been most associated with the shipping industry has been the control of emissions. The focus has increasingly been on shipping's carbon dioxide output.

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Drewry bullish about shipyard prospects Panama Canal beats last year's total throughput in September Container traffic decline predicted at LA-Long Beach this year Northport invited to assist Congo port development Inttra breaks has record month in September with million plus transactions Henan-Germany air cargo service launched from Zhengzhou Airport DHL ups capacity on Hong Kong-Beijing run to 10 times a week Coyne Airways starts service to Almaty, Kazakhstan Lynden Air Cargo nets US$50 million to deploy troops to Mid-East

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Inttra processes over a million box transactions on portal Calfo serves notice of trade surcharge on Kolkata/Haldia-Singapore/Malaysia route from Oct. 22 Jindal group plans maritime tech park near Dahej Boom in trade with China envisaged MoU with Lanka on apparel articles import signed India-South Korea FTA talks enter final round Throughput surges by 25.27 pc in H1 Gujarat to give 10 shipbuilding parks SEZ status First wheat shipment arrives KoPT Board gives technical clearance to Badur shipyard GTI handles first-ever dedicated reefer train MICT smashes more records AFL Logistics draws up Rs 200-cr. expansion plan 2007-08 export target lowered to $ 140 bn Fieo chief wants relief package continued till 2008-end No pep-up pill for Capexil FinMin agrees to refund supplementary drawback rate based on e-data

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OCTOBER 9, 2007
Pacer International appoints transportation industry expert to board Cheng Lie launching new services Cathay Pacific raises frequencies to Australia Kombiverkehr upgrades services Schenker Arkas serving Turkish Airlines

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OCTOBER 9, 2007
BV launches euros3.8bn IPO Round Table talks DP World takes over Dakar terminal Foss ships recognised for green record

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OCTOBER 9, 2007
Rowan enters guilty pleas in pollution case Born-again bulker Austal USA appoints COO Australia signs amphibious ships contract New management structure at Lloyd's Register Americas

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OCTOBER 9, 2007
Shipowners hit by heavy P&I premiums hike BRITANNIA P&I Club is to charge an extra 15% in advance call rates, paving the way for other mutuals to follow. Claims woe signals steep liability rate rises ahead Ocean Tankers goes on shopping spree OCEAN Tankers doubles fleet size, buying eight double hull ice class ships for $231.5m. BV aims for growth with $5.2bn IPO BUREAU Veritas' initial public offering is expected to value the French classification society at about $5.2bn. New dawn as Statoil and Norsk Hydro start a new life together THE first week of operation has been no honeymoon for StatoilHydro, as ghosts from the past emerge to haunt the new union. Can shipping be sexy? YES, but it is up to shipowners to loosen up and be prepared to talk about what they do.

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OCTOBER 9, 2007
Green warning on Norway tax bill Norway's new tax bill contradicts the government's zero emissions policy and makes things 'dramatically difficult' for ship operators, says the Norwegian Shipowners Association India to offer cruise tax breaks New Delhi has proposed to give various incentives, including tax breaks, to private companies operating cruise lines in India in its first-ever cruise ship policy, to be announced soon MarAd puts its case to Congress US MARITIME Administrator Sean Connaughton speaks of a "sea change" at MarAd in his report to Congress for 2006 in which he points to several broadenings of the agency's mission Motorway closes; sea motorway steps in SHIP operators are laying on extra tonnage to take advantage of a major motorway closure in southern Italy Costa Rica approves CAFTA THE largest trade group in the Western Hemisphere was cemented over the weekend as Costa Rica ratified the Central American Free Trade Agreement Ecuador to rejoin OPEC ECUADOR will rejoin OPEC this month after a 15-year absence Windjammer raises hopes of revival Thoresen Thai spins off Mermaid BV raises funds for takeovers Newbuilding orders to decline Singamas to issue new shares GAC targets Australia

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OCTOBER 9, 2007
Fastest ships moving to Marad fleet Former 30-knot Sea-Land SL-7 ships are being transferred from Navy's Military Sealift Command to Marad's Ready Reserve Fleet. KKR buys Turkish line TACA fuel fee unchanged BAX adds Mexico flight Qingdao gets Eimskip cold hub Pilot changes name Mumbai tonnage grows ProLogis to build German DC TGL appoints India exec Retailers trim box forecast APL conducts successful security test at Oakland

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OCTOBER 9, 2007
China accounts for 38% of the UK's deep sea container trade Black Sea ports on a high Container ship operating costs rise by 11% US TWIC programme gets under way Evergreen to direct call in Far East/East Med trade

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OCTOBER 9, 2007
Tanker hits fishing boat A man is missing after a chemical tanker hit a fishing boat off the Norwegian coast. Oily woes persist There seems no end to the OWS problem, with Baltimar and Royce the latest to be caught in US. Canada's ocean medicine Government launches five-year initiatives for ocean health, including ship waste regulations and ballast water enforcement. Austal USA gets COO Alabama shipyard appoints Joe Rella to the chief operating officer post. Suez sends LNG to Chile French energy company and South American state-owned copper miner link up to build an LNG terminal in northern Chile. Cruising toward an IPO Argentinean ferry operator Buquebus is eying an entry into the Buenos Aires Bourse, as a way to fund its jump into the cruise industry. Trust IPO for BW? Andreas Sohmen-Pao has a Singapore listing on his radar screen but it is still in the distance. Ioannides wants more The addition of eight units today will not slow the Ocean Tankers boss in his pursuit of the ideal fleet. TEN forecast dampened Analysts lower earnings estimates for US-listed Tsakos Energy Navigation on soft tanker rates. Changjiang plans new yard Chinese owner to build Chongqing shipyard dedicated to small cargoships. Iceberg spotted off South Africa Warning issued to shipping as 20-metre-high icy hazard reported just 35 miles off Eastern Cape. Hajara to head INSA SCI boss takes over as president of the Indian National Shipowners' Association. Two more head to Haven hospital Tug collision is second accident in three days at South Wales port. Skaugen steps on gas Norwegian owner posts "best quarter ever" as gas cargoes out of Middle East to Europe and Asia rise. Eimskip spree continues Acquisition-hungry Icelandic shipowner buys into Qingdao container depot. IPO values BV at $5bn French classification society aims to double revenue after pioneering Paris stock exchange listing. Old rivals draft sea of peace Port development and a new safe shipping route emerge from historic talks between Korean leaders. ESL in the red Ethiopia's national owner hammered by higher operating costs in year to end-March. Baalu orders Andaman charter India's shipping minister says ferry and two cargo vessels needed for islands' tsunami reconstruction work. Eitzen selling Eitzen Chemical? Norwegian owner in talks over possible sale of controlling stake or joint venture deal, as stock soars 10%. China sparks asbestos spat Government criticised for claiming asbestos is not harmful after crew handled it unprotected. Cyprus demands answers Syria has two days to settle question of 'illegal' ferry trips from island's Turkish north. White not right in UK Five of nine ships held by MCA flying flags on Paris MOU white list including Great Eastern bulker. HHI revs up Korean yard to build new engine and block facilities to keep up with growing demand. CMES gets green light China Merchants' order for four VLCCs and two aframaxes approved by government. Big two scrap it out Hyundai and Samsung are fighting for the right to build 12 new units for Nigeria LNG. Mermaid set for $150m IPO Thoresen Thai offshore offshoot launches Singapore public offer; will invest proceeds in new tonnage.

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OCTOBER 9, 2007
KKR buys Turkish short sea shipping operator UBS buys stake in South Korea bulk shipping line OSG signs shuttle tanker deal with Petrobras Euroseas takes delivery of containership World Airways contract gives Etihad extra cargo capacity Norfolk Southern lowers 3rd quarter expectations UPS expands "green fleet" Japan extends sanctions with North Korea CAFTA appears to have narrow victory in Costa Rica TGL forms new subcontinent management team DP World to invest $700 million in Dakar container terminals S. Calif. ports seek to bolster truck plan with public meeting Shekou keeps breaking volume records Congo officials call on Malaysian port for tips

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OCTOBER 9, 2007
Norway's big owners unlikely to leave country None of Norway's 30 biggest shipping companies have any plans to leave the country because for the governments tax proposals. In a survey conducted by the magazine Økonomisk Rapport all the companies denied they had plans to flag out tonnage ... Strong cruise season 2007 in Stockholm In all 255 cruise ships called at Ports of Stockholm during the cruise season of 2007. The numbers of passengers were 281.000. The results are only a minor reduction compared to the record year of 2006. ' It has been ... J. Lauritzen order seven more ships J. Lauritzen A/S has been in the Far East to sign up for more tonnage. At the Korean shipbuilder Hyundai Heavy, Industries Lauritzen Bulker has exercised an option for further two cape-size units in the new segment on ...

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OCTOBER 9, 2007
Port counts cost of ship emissions Inventory to be the basis of new mitigation measures. Richards Bay replenished Supplies at South African port have recovered and should be good for the rest of October. Analysts bearish on Q4 oil price Few think oil prices will rebound to recent records until next year, when some say $100 per barrel oil is a possibility. Rotterdam market remains tight Singapore's largest terminal set for trial run Reports say that Universal Terminal will commence trial run on November 1. Japan: September retroactive price up Price of 180 cst up 25% compared to September last year. Singapore prices pull back from Monday's record Bunker prices supported by strong buying from oil major. Cosmo Oil offers low-sulphur bunkers Spot demand for 1.5% sulphur product has been small 'so far'. No resumption of 380 cst spot sales 'this year' Taiwan's state-supplier says Taichung unlikely to receive higher viscosity material for months to come.