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Shipping News

All maritime sectors report a year of solid growth
SINGAPORE's international maritime centre ambitions took another big step closer to reality following another year of solid growth across all sectors, according to statistics released yesterday by the Maritime & Port Authority of Singapore.
Shipping lines to raise rates for scrap metal
HAPAG-Lloyd AG, China Ocean Shipping Co and nine other shipping lines plan to increase rates for moving scrap metal to Asia from the US because of strong demand from China and other countries.

Strait Talk

Sexy shipping still on a roll but bankers beware
THE start of the year is the time for the pundits to reach for their crystal balls and give us their predictions for the coming 12 months.

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Shipping News

All maritime sectors report a year of solid growth
SINGAPORE's international maritime centre ambitions took another big step closer to reality following another year of solid growth across all sectors, according to statistics released yesterday by the Maritime & Port Authority of Singapore.
Shipping lines to raise rates for scrap metal
HAPAG-Lloyd AG, China Ocean Shipping Co and nine other shipping lines plan to increase rates for moving scrap metal to Asia from the US because of strong demand from China and other countries.

Strait Talk

Sexy shipping still on a roll but bankers beware
THE start of the year is the time for the pundits to reach for their crystal balls and give us their predictions for the coming 12 months.

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Anti-terror bill passes, puts world trade at risk, says Homeland Security WTSA agree to put up metal scrap rates China raises ship tax Tusdeer signs US$443m deal for third container terminal at Jeddah Chittagong port seeks rule changes to ease box congestion Future upgrades at Tanjung Beraus include containerabilty Korean Air finalises purchases of 25 Boeing aircraft DFDS Transport adopts new name, DSV Air & Sea Stephens named 'Best Boutique' in Institutional Investor survey

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Indian flag vessels allowed to employ 2 foreign seafarers Oilmeal exports touch record 6.2 lakh tonnes MbPT plans to build world-class cruise terminal via PPP route KPT all set to invite bids for 4 dry cargo berths 16 more queue up to board container train trade Major freight routes' axle load to be upgraded to 25-t. in 2007-08 10 pc more freight hauled in April-December 2006 Functioning of SEZs, rules to be reviewed

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JANUARY 10, 2007
Luc Oursel quits Geodis "NYK Vega" maiden call in Hamburg Emirates to launch Venice flights next summer Vos Logistics and Bertschi join forces in dry bulk sector DB Logistics new management structure Swisslog building another Coca Cola warehouse in Australia EU: uniform driving licences from 2013 SSC airfreight seminar, Interlaken, Switzerland, 24 to 26 January 2007

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JANUARY 10, 2007
ICTSI takes majority stake in Yantai port More cash for US ports ECJ starts hearing Viking case MISC sees softer market

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JANUARY 10, 2007
Hornbeck Offshore lowers earnings guidance Marine Terminals Corp and CMA CGM in Bayport JV $8 million Navy contract for Guam Shipyard

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JANUARY 10, 2007
Homeland Security Department opens new round of port grants WTSA member carriers plan scrap rate increases List of dining options expanding at Portland Airport Port of Vancouver, USA welcomes MV ARNEBORG Port of Olympia calling for proposals to run gas station/store

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Maersk heads drive to reform 'outdated' bill of lading system SUPPORT for a complete overhaul of bills of lading is gathering pace, with calls for their elimination on most trades surfacing in some influential quarters. EU bows to IMO authority on ship air emission controls THE European Commission is expected to push in the International Maritime Organization for new measures to combat air pollution from ship emissions rather than press ahead with its own regional measures, according to the European Community Ship Owners' Association. CMA CGM's plan for box behemoths stymied by Hyundai yard constraints LEADING French liner company CMA CGM has been stalled, at least temporarily, in its bid to match rival Maersk in operating some of the largest containerships in the world. US nuclear submarine suckered by passing superfast K Line tanker TEMPORARY repairs will be carried out to the K Line very large crude carrier Mogamigawa before it can continue its voyage to Singapore.

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JANUARY 10, 2007
Celtic Link doubles up Dublin route CELTIC Link Ferries is soon to introduce a second ferry onto its Irish Sea route and is awaiting a positive report on a vessel to be operated on the English Channel Panamax owners shielded from downturn CHARTER rates for Panamax container vessels are likely to drop further during 2007, but only a small number of owners with prompt positions will be exposed India plans new port tariff system INDIA'S planning commission may soon discard the cost-plus formula followed by Tariff Authority for Major Ports to fix tariffs at ports and terminals Russians stand firm on Druzhba RUSSIAN officials have told Belarus there can be no resumption of crude oil shipments through the Druzhba pipeline unless the Minsk government withdraws its transit fee hike Agents shocked by Paranagua praise SHIP agents in the southern Brazil port of Paranagua say they are shocked by news that government ministers view the port as a model for others to follow Hormuz 'normal' after collision Chin to push Singapore's ambitions Aker re-engines links with Celebrity

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JANUARY 10, 2007
Mexico port eyed as West Coast gateway U.S. shippers see the Mexican Port of Lazaro Cardenas as a cost-effective alternative to traditional gateways on the West and East Coasts. Maersk expands Asia-Europe capacity Guilty verdicts in maritime officers union trial Seattle port elects officers U.S., EU discuss revival of Doha trade talks U.S. releases new tariff codes Scrap rates to rise Nehru readies final tender for box terminal "K" Line tanker collides with U.S. submarine

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JANUARY 10, 2007
Inland rail hubs will ease pressure on European ports says Maersk Maersk Line plans to create its own European inland rail hubs at the more than 20 destinations served by its rail operators ERS and BoxXpress over the next three years. US government cranks up to speed again on security issues The US government has resumed its security drive, with the announcement of the latest Department for Homeland Security grants, while the House of Representatives has revived the issue of complete container-scanning. Owners are optimistic but wary brokers wait for charterers to splash the cash Indian ministries reach accord over terminal pricing structure ICTSI inks its first China deal with Bohai Rim concession Rail alignment key to Vallarpadam development MISC forecasts softer rates KMTC launches new Busan-Japan service Imports drive Russia's southern gateway volumes as exports decline Clarification on Black Sea Constantza growth

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JANUARY 10, 2007
MPC lands in Holland German KG house taps ex P&O Nedlloyd execs to manage new overseas fund operation. Aussies hold 12 December's detainees include Indonesian-owned handymax with oily water separator deficiency. 'Venturi effect' blamed for Hormuz clash Partial vacuum caused by speed of K Line tanker possible explanation for collision with submarine. Bloody New Year Frontline and OSG may be hemorrhaging in 2007 when others merely drip as JP Morgan forecasts increased weakness in spot rates. K Line reveals sub damage VLCC struck by USS Newport News sustains small hole to ballast tank though divers continue their survey. Euroseas revs up Greek owner will now issue common shares to pay for expansion instead of preferential paper. Singapore gets busier Asian port remained world's biggest in 2006, handling record number of containers. Zim out on its own Israeli boxship only vessel detained in Hong Kong during December. MISC expects tough two years Malaysian owner predicts limited potential in tanker markets as new capacity is added to world fleet. India welcomes foreign crew Shipping minister TR Baalu allows two overseas workers per Indian-flagged ship to address seafarer shortage. 'Smuggler' ship held in Manila Philippines Coast Guard detains vessel on suspicion of smuggling 600,000 litres of diesel into the country. Donbas wants more Fresh from buying 4% of Gdansk Shipyard, Ukrainian steel group eyes full control. BC Ferries in trouble again Canadian ferry group endures another accident as truck falls into water after ship pulls away from dock. ASMAR builds for Iceland Chilean yard wins deal for Rolls Royce-designed coastguard vessel. USCG rescues ill ro-ro captain Wilh Wilhelmsen vessel grounded until replacement found for master who was airlifted to hospital. Vandals ground ferry Police suspect New Zealand car ferry was deliberately set adrift from berth. Croatia snorts at cocaine connection Seizure of EUR 40m worth of drugs in Balkans draws strong denial of involvement from Croatian shipowner. Dalian volumes on the up Container throughput jumps 20% at Chinese port, but overall dirty and clean volumes only inch up. ICTSI takes Chinese port stake Philippine operator International Container Terminal Services Inc buys 60% stake in Yantai terminal.

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JANUARY 10, 2007
U.S. Navy nuclear sub involved in Strait of Hormuz collision Maersk to miss 2 Far East/Indian subcontinent voyages DOT gives United new U.S./China route Cathay's 2006 cargo volume up 7.2% Lufthansa's December cargo flat, up 1.3% for year Transport sector to fall in 2007 on slow growth in goods YRC merges USF Bestway, USF Reddaway Supreme Court to hear intermodal cargo case DB Logistics restructuring management, brands U.S. Chamber to House: No 100% inspections, please U.S. agriculture chief wants farmers to think outside the farm WTO slams U.S. practice of 'zeroing' in antidumping cases Degradation of IPR protection leads to trade demotion for Chile Survey: Transportation providers eye healthy returns in 2007 USDA proposes to drop certain export tests for live cattle DHL, Wyeth sign deal for clinical trial materials SAIC to provide Secure Freight inspection machines Waggoner new CEO at Echo Global Logistics Schenker-Seino, BAX Global in Japan merged FMC reviews 9 OTI license applications DHS issues port security grant guidelines ICTSI moves into China with Yantai terminal deal Dunkirk's box volumes flat in 2006 Samskip, PSA HNN to develop Zeebrugge's short sea business

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JANUARY 10, 2007
Ship owner sentenced for oil spill The owner of Cyprus-flagged Sylve has been ordered to pay a water pollution charge of SEK 110,000. In November ... Dockstavarvet to build Norwegian pilot boats Swedish yard Dockstavarvet AB is contracted to build one plus five pilot boats for the Norwegian Coastal Administration (Kystverket), the ... Enhanced focus on security in IMO IMO has establihed a new sub-division within the Maritime Safety Division in order to enhance focus on maritime security. Announcing ...

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JANUARY 10, 2007
Brazil bounces back Major supplier facing better new year and prices on the move. New bunker barges for West Coast Construction company and barge operator announcing three more newbuilds. Oil prices drop further after US data Large builds in key oil product stocks underpins bearish mood. Privatisation deal still raising concerns Valuation of Sri Lanka's main bunker supplier was "grossly inaccurate". Cutting pollution will come at a price Ship operators face increased costs, but shipping sector is still enjoying a boom. Congestion forces barges to wait Singapore loading terminals under pressure. Singapore's bunker suppliers break another record 2006 sales top 28.4 million metric tonnes with two record months in the final quarter. 'Floating ships on air' cuts fuel bills, emissions New technology can deliver 15% reduction in fuel consumption and CO2 emissions from shipping. Downward trend continues in Rotterdam market