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Hawaii islands ferry returns to sea
A ferry service grounded for nearly a month because of heated protests and legal challenges over its potential impact on the environment will resume service between the Hawaiian islands of Oahu and Kauai this month with heightened security, the state's governor said.
Kawasaki Heavy up on earnings
Kawasaki Heavy Industries Ltd, a maker of motorcycles, trains and ships, rose by the most in two weeks after the company said earnings may exceed its forecast.
Coal trader KIS buys Gujarat jetty
Delhi-based coal trading company Knowledge Investment Services (KIS) has bought a three million tonnes a year coal-discharging jetty in Gujarat on India's west coast, KIS founder Rahul Bhandare told Reuters.

Admiralty Casebook

Salvor's 'global failure' appeal dismissed
AN AUSTRALIAN court last month dismissed an appeal by a salvage company that wanted up to 20 per cent of the value of a bulk carrier it salvaged. Instead, the court upheld a trial judge's finding that the salvor was entitled to only A$850,000 (S$1 million).

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Shipping News

Hawaii islands ferry returns to sea
A ferry service grounded for nearly a month because of heated protests and legal challenges over its potential impact on the environment will resume service between the Hawaiian islands of Oahu and Kauai this month with heightened security, the state's governor said.
Kawasaki Heavy up on earnings
Kawasaki Heavy Industries Ltd, a maker of motorcycles, trains and ships, rose by the most in two weeks after the company said earnings may exceed its forecast.
Coal trader KIS buys Gujarat jetty
Delhi-based coal trading company Knowledge Investment Services (KIS) has bought a three million tonnes a year coal-discharging jetty in Gujarat on India's west coast, KIS founder Rahul Bhandare told Reuters.

Admiralty Casebook

Salvor's 'global failure' appeal dismissed
AN AUSTRALIAN court last month dismissed an appeal by a salvage company that wanted up to 20 per cent of the value of a bulk carrier it salvaged. Instead, the court upheld a trial judge's finding that the salvor was entitled to only A$850,000 (S$1 million).

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Boom in super-sized newbuilds as world trade soars China has world's fourth largest vessel fleet Work on Qingdao Qianwan Container Terminal fourth phase begins Fujian seeks approval to provide intermodal service to central and eastern China Qinzhou border trade shoots up 215pc in August New Polish terminal attracts CMA CGM and Team Lines Arshhiya to develop container freight station at Jawaharlal Nehru Port World's first 8,000-TEU vessel turns 10 this month Philippines extends tax concessions to Lorenzo Shipping container project MASkargo sees growth, but seeks partnerships to raise revenue AirbridgeCargo launches Moscow-Tokyo 747 freighter service Gulf Air teams up with DHL Express for one year

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Nominations for Seatrade awards close today Regulatory environment, registration procedures to be focus of shipowners' meet in Dubai Steep rise in CSL's 2006-07 profit UNCTAD lays down code of conduct to streamline global trade India, Mexico sign double taxation avoidance pact CII signs MoU with Mexican Trade Council Wheat to be imported by 3 PSUs Unctad advises developing nations not to rush into north-south FTAs Baalu averts port workers' strike MPT offers rebates in handling charges at WOB & Mooring Dolphins Wheat shipment due at Mundra port NM Port attracting more iron ore export cargo Positra & Okha ports figure in RIL's investment agenda Assocham study sees airfreight growth a cut above sea/rail transport Road freight rates on uphill route Ministry draws up guidelines for states Bangalore comes bang on business map

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SEPTEMBER 13, 2007
Aeroflot Plus names managing director Transfennica to open Zeebrugge-Bilbao ro-ro service Swiss to launch new Geneva-Bucharest service New all-cargo carrier offers China to USA and Europe flights Bettembourg-Perpignan ro-mo launched Unimar opens Ankara office US Senate blocks cross-border trucking programme

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SEPTEMBER 13, 2007
CCNI's new China-India service EC issues competition FAQs EC queries Polish tonnage tax

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SEPTEMBER 13, 2007
Royal Caribbean launches French brand California makes grab for Vallejo and Alameda ferries DRBA to sell ferry F&G selects AVEVA Marine

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SEPTEMBER 13, 2007
Canceled Horizon flights affect Bellingham Airport Bear Stearns finalizes purchase of MC Shipping Coast Guard celebrating historic Arctic mission Olympia Port Commission Oks Vine Street lease option American Commercial Lines raises grain shipment charges

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SEPTEMBER 13, 2007
Tonnage tax: Oslo doubles the pain Norway's finance ministry is to double the tax bill for shipping companies already reeling from the double blow of losing the tonnage tax and the demand for back tax Blue Lady: the fight goes on GREEN activists under Indian Platform on Shipbreaking (IPS) have decided to continue the legal fight to disallow dismantling of Norwegian ship Blue Lady Unions join owners in against Oslo THREE Norwegian seafarers' unions have joined the country's ship owners in a barrage of criticism against the government's decision to axe tonnage tax Vinashin to take on the world Vinashin is ramping up its capacity to build its shipbuilding prowess and potential Rising volumes, yields lift Viking VIKING Line, the Finnish cruise ferry company, enjoyed a significant increase in net profit in eight months to 31 July, thanks to both higher volumes and better yields Fortress seeks Seacastle IPO FORTRESS Investment Group is planning to go public with Seacastle, a new umbrella company controlling prodigious container and intermodal assets USCG outlines refuge policy RCCL launches French brand Stacking hazard: every ship at risk Now Poland's tonnage tax threatened Insurers warn against protectionism Surprise hurricane shuts refineries Cochin quadruples profit Muslim world slows down for Ramadan GNV takes off for Tangier Fredriksen ups the ante in TUI

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SEPTEMBER 13, 2007
Humberto forces ship channels to close Shipping resumes gradually after rapidly forming storm slams into Texas Gulf Coast. PierPass tightens registration rules Coast Guard investigates sinking of barges in Hudson Hub unit agrees to buy drayage company EU investigates Deutsche Post subsidies Rail traffic continues downward spiral Brazil seeks WTO probe of U.S. farm subsidies Hyundai starts Hamburg-Poland express rail service Vietnam terminal orders more Kalmar cranes Mumbai boxes decline Foreign investment up 12.8 percent in China

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SEPTEMBER 13, 2007
EC issues draft competition guidelines CCNI expands between Far East and India Fredriksen increases stake in Tui Prince Rupert terminal open for business Successor named to Taddeo at Port of Montreal

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SEPTEMBER 13, 2007
TBS takes handysize Tweendecker specialist pays $32m for charter-free Gebe Oldendorff. UK boxship changes urged British MAIB issues recommendations after probe of feedership accident. Metalnave eyeing gas deal Brazilian company's Estaleiro Itajai shipyard reportedly in negotiations with Transpetro to build gas carriers. ACL clamps down on delays Barge and shipyard owner American Commercial Lines raises fees to keep grain barges moving. RCCL cruises into France New European venture for Richard Fain's company to launch next May from Marseille. Diana eying expansion SEC filing signals that Greek owner may purchase vessels or shipowning companies. GE lets another oldie go Indian owner continues single-huller sell off with mystery owner taking 1986-built aframax. Vinashin seeks insurance State shipbuilder and HSBC tipped to buy into Vietnam's biggest insurer Bao Viet. China keeps nose ahead Chinese yards stay ahead of Korea in first half, after finally seizing global newbuild lead in first quarter. Olsen bags big rig gain Opportunistic sale of Bulford Dolphin to Indian buyer for $211m also related to security situation in Nigeria. EasyCruise adds another Sir Stelios buys 1981-built ferry but is still pondering newbuilding order. Vosco banks IPO cash Vietnamese owner to go shopping for ships after raising $64m from domestic investors. NGO says no Platform on Shipbreaking reacts with distain to Supreme Court's decision to give Blue Lady break-up go-ahead. Transnet to the rescue Port operator signs vital order for five vessels at Southern African Shipyards. Perkins perks up coastal service Australian owner is reviving link between Townsville and Weipa for first time since 1980s. Duo detained in Hong Kong Formosa boxship on list of shame with inoperable lifeboat engine and other faults. Rieber rails against tax plan Oslo-listed company joins queue of owners having a pop at Norwegian government. Fortress unveils IPO US-based Fortress Investment has revealed plans for a $345m container shipping IPO by its subsidiary Seacastle.

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SEPTEMBER 13, 2007
Hyundai Merchant stock manipulation probe Bear Stearns completes purchase of MC Shipping Fredriksen increases stake in Hapag-Lloyd parent Diana commences secondary offering Wan Hai names two vessels American Commercial Lines increases demurrage Zim Japan Ltd. Established Blue Dart eyeing dedicated cargo space in Indian airports Cathay Pacific's cargo up 12% in August Senate blocks DOT cross-border program West Motor acquires Sanger Trucking ACE opens to all trade entities ProLogis spending in China continues Forwarder: Carriers use preferential rates to learn forwarding business Prince Rupert container terminal open on Canadian West Coast India maritime executive calls out port progress Labor protest shuts Seattle port terminal Jurong Port's box volume up Manatee County Port Authority approves crane purchase G&G Shipping in talks with Port Canaveral

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SEPTEMBER 13, 2007
Yard's state guarantees doubled to NOK 5 bn Government money guarantees to banks providing building finance to Norwegian shipyards is to be doubled from NOK 2.5 bllion to ... Transatlantic in line for ordering spree Swedish shipowner Transatlantic is launching a major newbuilding programme. Negotiations with shipbuilders are underway for a five vessel order for ...

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SEPTEMBER 13, 2007
Port on a roll with 'green' award Green Port Policy grabs top title for the second year running. 'Good avails' despite refinery turnaround But problems reported despite three majors still quoting. No swift end to Fujairah shortages Cut in Iranian exports 'could last to the end of the year'. Oil storage terminal on target for January opening Chemoil says it remains ready to lease 'excess storage' at Helios terminal to third parties. Rotterdam market firm High demand despite bullish price Players in Singapore, Hong Kong and Japan say spot enquiries are up. Singapore fuel oil stocks rise Middle distillate stocks also jump in the week ending September 12. AZRB positive on oil and gas business Latest acquisition gives the Malaysian firm stake in storage and port operator. Singapore's bunker sales set new record MPA releasing August and year-to-date figures. Dispelling the fog over Tanjung Bin In an exclusive interview, KIC chief explains to Bunkerworld the long-standing tussle over the development rights of Malaysia's bunkering island.