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PSA posts 19% surge in 2006 box volumes
BOUYED by expanding trade around the world, PSA International turned in another record year when it handled 18.6 per cent more containers across its 20 port projects in 11 countries in 2006.
Wilh Wilhelmsen adds vessel to meet growth
THE world's largest vehicle-carrying shipping line, Wilh Wilhelmsen, named its most recent addition to its fleet in a ceremony held at PSA Corporation's Pasir Panjang Wharves recently.
Oil barges collide, causing small spill
TWO barges carrying marine bunker fuel collided in the southern waters of Singapore yesterday, causing about 200 tonnes of oil to spill into the sea, Singapore's Maritime and Port Authority said.
FSL in sale-and-leaseback deal with Siba Ships

Admiralty Casebook

Punitive damages in Exxon Valdez oil spill case reduced
PUNITIVE damages awarded in the Exxon Valdez oil spill off Alaska almost 18 years ago were reduced last month by a US appeals court from US$4.5 billion to US$2.5 billion on the basis of US Supreme Court decisions between 1991 and 2003.

web site

Shipping News

PSA posts 19% surge in 2006 box volumes
BOUYED by expanding trade around the world, PSA International turned in another record year when it handled 18.6 per cent more containers across its 20 port projects in 11 countries in 2006.
Wilh Wilhelmsen adds vessel to meet growth
THE world's largest vehicle-carrying shipping line, Wilh Wilhelmsen, named its most recent addition to its fleet in a ceremony held at PSA Corporation's Pasir Panjang Wharves recently.
Oil barges collide, causing small spill
TWO barges carrying marine bunker fuel collided in the southern waters of Singapore yesterday, causing about 200 tonnes of oil to spill into the sea, Singapore's Maritime and Port Authority said.
FSL in sale-and-leaseback deal with Siba Ships

Admiralty Casebook

Punitive damages in Exxon Valdez oil spill case reduced
PUNITIVE damages awarded in the Exxon Valdez oil spill off Alaska almost 18 years ago were reduced last month by a US appeals court from US$4.5 billion to US$2.5 billion on the basis of US Supreme Court decisions between 1991 and 2003.

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Maersk upgrades Asia-Europe coverage to keep up with growth OOCL names its 11th 8,063-TEU vessel 'OOCL Tokyo' Sweden's GreenCarrier sets its sights on China market Wilhelmsen names new ro-ro vessel in Singapore DP World allies with Kaplan Equity to strengthen logistics in Australia Port of Mumbai to undergo massive expansion by 2012 Hactl sets new throughput record, up 5.3pc in 2006 US favours United for Washington-Beijing daily franchise Kitty Hawk sees strong fourth quarter results

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CSLA seeks clarification on service tax anomaly GE Shipping opens state-of-art training institute Union against induction of foreigners aboard Indian flag vessels The Eagle has landed! MMTC to import moong, tur Be positive on 'negative list', India tells Asean UAE Minister proposes India-Arab economic bloc Bid to step up tea exports to Pakistan, Iran, Egypt Farm goods storage facility at Haldia Dock planned CONCOR (Central Region) registers phenomenal growth in 2006 More locations may come under Rlys' freight operating information system G. J. Prasad takes over as CGM CONCOR, SR Stamp duty exemption likely for buying land to set up industrial units FinMin fixes time-frame for disposal of EOU applications Industry seeks GST rate of 15 pc TUFS likely to be extended-Minister

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JANUARY 11, 2007
Changing the guard at Austria's central forwarding and logistics association New India/Pakistan service from the North Continent Romania: private rail operators hold 25% of the market Kuehne + Nagel renews contract with Woodside Energy in Australia

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JANUARY 11, 2007
Singapore's good year WTSA rate hike Aker sets up in Vietnam

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JANUARY 11, 2007
Aker in $1 billion FPSO deal Vietnam OSV yard venture

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JANUARY 11, 2007
Port of Vancouver, USA commissioners Ok land purchases for rail improvements MTC Holdings' head office back in San Francisco Merchant Mariners have online option for paying variety of user fees Washington State Ferries pulls TACOMA due to rudder flap Alaska/Horizon airlines plan new check-in scheme for Sea-Tac

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Aker Yards picks Vietnam to make its Asian debut VIETNAM'S shipbuilding ambitions yesterday secured another major international backer with the decision by Norway's Aker Yards to establish its first facility in Asia near Ho Chi Minh City. MMM bosses quit after costly veg oil error The chief executive, chairman and two directors of Malaysian Merchant Marine have all quit following massive losses as new chemical tanker regulations mean its fleet can no longer carry vegetable oils. Cess and ICS distance themselves from IACS MARITIME bodies have contradicted a claim by the International Association of Classification Societies that they have backed the class industry's fight to overturn Brussels plans to introduce mutual recognition of equipment certificates. Chavez vows to nationalise power sector Emboldened by landslide re-election last month, President Hugo Chavez (pictured) this week has vowed to use his new six-year term to intensify his socialist drive by nationalising what he called strategic sectors of the economy, including telecommunications and electrical energy. Chavez, who was sworn in on Wednesday is also seeking more powers from Congress and an end to central bank autonomy.

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JANUARY 11, 2007
Oil corruption probe spreads LONDON 11 January ' The UK has become involved in an international criminal investigation of bribery allegations involving global tanker charterer Trafigura and the Jamaican government Singapore completes spill clean-up SINGPAORE has completed cleaning up an oil spill of 200 tonnes following a collision between bunker tankers Great Eastern moves into training GE Shipping, India's largest private sector shipping company, has moved into maritime training as the shortage of officer cadets bites deep Buenos Aires on high alert BUENOS Aires' Buquebus ferry terminal remains on high alert, ahead of the arrival tomorrow of the pulp plant pollution protesters Fredriksen recruits senior banker FORMER DNB Nor chief executive Svein Aaser has accepted an invitation to join John Fredriksen's Seatankers Group as an executive director FSL, Siba sign lease agreement First Ship Lease has concluded a $56M arrangement with Siba Ships Asia, which is controlled by Italy's Siba Ships involving two Handymax bulkers Tokyo calls for Mogamigawa answers Moscow, Minsk resolve pipeline dispute Indians to take foreign seafarers Aker sets up Asian foothold Singapore powers ahead

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JANUARY 11, 2007
Ports to get $210M in security grants Department of Homeland Security will hand out $120 million of $210 million in total grants to eight highest-risk port regions. CMA CGM, MTC form Houston port venture Record Koreas box trade Lufthansa Cargo flat House passes security bill Eagle Bulk shares fall United gets direct China flight Greenbrier expects weaker intermodal sales Diana charters bulker American Commercial Lines appoints executive Fittipaldi Logistics announces growth plan and guidance

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JANUARY 11, 2007
Crisis in Bangladesh deepens with resignation of interim leader Bangladesh President and head of the caretaker government, Iajuddin Ahmed has stepped down as interim leader hours after declaring a state of emergency in the country. China posts record high trade surplus China recorded a trade surplus of US$177.5bn last year, 75% higher than 2005's US$102bn. China's Changsha port to resume fireworks loading Marine Terminals Corp and CMA CGM prepare US Gulf opening K+N CFO expects 2006 profits to rise by around 40% Kerala High Court opens way for Vallarpadam rail tender Singapore set to be No.1 boxport in 2006 Skanska consortium to build Elbe/Labe waterway link to Prague Bank of England ups interest rates, while European Central Bank holds Failure to reach volume targets doesn't deter LT from ordering more cranes Korail opens two container yards

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JANUARY 11, 2007
Skaugen still fighting costs Norwegian tanker and gas tanker owner posts lower annual profit after charter expenses rise. New charter for Euroseas Aristides Pittas-led Euroseas reports a one-year fixture to Sinochart as it mounts a $40m issue of shares. Great Offshore starts well Great Eastern's newly spun-off supply ship and anchor-handler company makes profitable start in first quarter. Shreyas makes it eight Indian owner adds another feedership to fleet, but is keeping details to a minimum. Meet Big John's new minder Former DnB Nor chief Svein Aaser takes new role in John Fredriksen's empire, making sure the big man's money is safe. Ships collide in Azov Sea Malta-flagged vessel left with gaping hole after collision with Azeri ship off Russian coast. Tanker blaze off Thailand Nineteen pulled from sea by passing bulker as Singapore-flagged bitumen tanker burns in Andaman Sea. Sunna captain fined Failure to keep watch while chief mate slept on duty brings rap for master of ship grounded off Orkneys. Dung Quat to build aframax State-owned Vinashin yard signs tanker deal with sister company Vinashinlines. Indian union opposes foreign crew FSUI boss S Kanjilal says unemployment is high amongst domestic seafarers as government allows overseas workers on ships. Damen wins tug deal Rosneft and Wagenborg joint venture orders two vessels at Dutch yard group's Polish base. Box duo held in Japan Two German-owned comtainerships among 25 detainees during December. Russian crew strike in Iraq Three months wages allegedly held by Russian operator due to excessive fuel consumption and vessel damage. Goldenport meeting expectations Paris Dragnis-led bulker and boxship owner benefited from better charter rates in second half of 2006. Aker heads East Norwegian yard group signs joint-venture with Singaporean group to set up offshore building facility in Vietnam. Seadrill goes firm John Fredriksen offshore firm confirms $570m three-year charter with oil major ExxonMobil. Union unrest in Bahamas Strike threatened over safety standards at Grand Bahama Shipyard. Aussies hold 12 December's detainees include Indonesian-owned handymax with oily water separator deficiency. FSL takes Siba bulkers Singapore-based ship finance company buys handymax pair from Italian owner in $56m deal. Rensen exits Orsova Dutch shipbuilder sells stake in Romanian shipyard to domestic investment fund.

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JANUARY 11, 2007
Safmarine names second 4,154-TEU ship from HHI "K" Line oil tanker plugged but needs permanent repair Emirates Shipping Line picks Mitsui-Soko as Japan agents Vietnam joins WTO today TNT buys Brazilian express leader USDA dishes out $100 million for agricultural trade promotion Madagascar, Nigeria meet U.S. shrimp import requirement Schenker opens logistics center at Rostock USAID Food for Peace posts guidelines for transport applications SDV International Logistics to move in Atlanta TT Club names Jones risk assessment manager Donovan new VP at Trans Global Indian shipping and finance officials settle port tariff dispute PSA's throughput soars 19% in 2006 to 51 million TEUs CMA CGM, MTC form venture for Houston's Bayport container terminal Weekend construction to impact 3 Southern California terminals

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JANUARY 11, 2007
Stena takes high speed ferry out of traffic Stena has taken their high speed ferry Stena Discovery out of traffic. The ferry has been servicing the Hoek van ... Terms for privatisation of Polish yards unveiled next week According to Poland's vice minister for industry affairs, Poncyliusz, the terms for the privatisation process of the Polish shipyard industry ... Aker Yard to set up shipyard in Vietnam Aker Yards wants to have a share of the growing market for offshore vessels in Asia and is setting up ...

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JANUARY 11, 2007
Record low bunker prices refuse to fall further US markets staying conservative despite oil plummeting to new lows. National emissions targets likely to exclude shipping European shipowners welcome signs they are to be excluded from another layer of EU control. Bunker barges collide in Singapore Reports speaking of 200 mt bunker spillage, investigation under way. Uruguay supplier doubles fleet Company now has two double-hulled bunker tankers in operation. Fuel oil cargoes begin moving East Arbitrage window between Rotterdam and Singapore nudged open as markets begin to shift. Wärtsilä unveils scrubbing project Leading engine manufacturer aims to make SOx scrubbers for ships that comply with IMO requirements and other regulations. Captain fined after bunker spill alert UK court hears mate was asleep on duty. Bunker supplier launches trading company Physical supplier wants new company to underpin its supply operations in Northwest Russia. Quiet trade market continues in Rotterdam New supplier for Kaohsiung 'soon' Oil pollution emergency plan takes on new urgency after last month's spill.