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Shipping News

Pakistan defends PSA incentives
PAKISTANI officials have defended the 40-year tax exemption given to the PSA International consortium as part of its concession to run the Gwadar Port and denied the tender was awarded more for strategic than commercial reasons.
Expansion delays at Aussie terminal could cut coal exports
EXPORTS from Australia's Dalrymple Bay coal terminal are set to decline by about 10 per cent this year due to delays to expansion work.
HK's Jan container volume up 1.2%
HUTCHISON Whampoa, PSA International and other port operators in Hong Kong handled 1.2 per cent more containers in January than a year earlier as China's growing trade fuelled demand.
Two dead as South Korean ship sinks off Japan
Japanese whaling ship catches fire
Q4 earnings soar for Wilh Wilhelmsen

Admiralty Casebook

Chinese shipbuilder wins appeal case
THE English Court of Appeal last week held that a Chinese shipbuilder did not breach the terms of two shipbuilding contracts after it failed to make earlier delivery dates available when it became possible for it to do so.

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Shipping News

Pakistan defends PSA incentives
PAKISTANI officials have defended the 40-year tax exemption given to the PSA International consortium as part of its concession to run the Gwadar Port and denied the tender was awarded more for strategic than commercial reasons.
Expansion delays at Aussie terminal could cut coal exports
EXPORTS from Australia's Dalrymple Bay coal terminal are set to decline by about 10 per cent this year due to delays to expansion work.
HK's Jan container volume up 1.2%
HUTCHISON Whampoa, PSA International and other port operators in Hong Kong handled 1.2 per cent more containers in January than a year earlier as China's growing trade fuelled demand.
Two dead as South Korean ship sinks off Japan
Japanese whaling ship catches fire
Q4 earnings soar for Wilh Wilhelmsen

Admiralty Casebook

Chinese shipbuilder wins appeal case
THE English Court of Appeal last week held that a Chinese shipbuilder did not breach the terms of two shipbuilding contracts after it failed to make earlier delivery dates available when it became possible for it to do so.

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HPH to form JV to develop container terminal in Vietnam AMB leases space at Shanghai DC to Decathlon 'K' Line unit deploys winged trailers in Guangdong Carriers add Abu Dhabi call to SMX service Port of Vancouver in US to begin building new rail points China Southern expands international network Air New Zealand comes under microscope in alleged price-fixing probe Finnair raises capacity to India fourfold

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Martinair and Tampa Cargo appoint general manager for Quito Chipolbrok deploys refitted heavylift vessels India welcomes Finnair's fourfold capacity increase Intercontainer launches Wolfurt'Antwerp shuttle DHL plans major investments in Asia

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FEBRUARY 15, 2007
Norway to impose ballast water rules Mitropoulos urges SUA ratification Wilhelmsen's good year EMS focuses on core activities

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FEBRUARY 15, 2007
Kerry calls on Coast Guard to end Deepwater contract Norway to implement new ballast water rules Commandant announces Coast Guard reorganization Skeie orders another jackup at Keppel FELS Earl gets carrier decommissioning contract

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FEBRUARY 15, 2007
Study finds Port of Portland created jobs, taxes revenues during '06 Transportation Services Index numbers down for 2006 Coast Guard deciding fate of decommissioned cutter STORIS Port of Seattle earns honor as top government agency for 2007 US inks deal with Panama to fight smuggling of nuclear material

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'Transfer fee' casts shadow over DP World US sale LAST minute demand for $84m from Port Authority of New York and New Jersey could be obstacle in sale of US assets to AIG. DP World lines up record price for US concessions Norway forges ahead with ballast water laws NORWAY has passed legislation that will enable the international ballast water convention to be enforced. Greenberg gives boost to Lloyd's Chinese ambitions MAURICE 'Hank' Greenberg is to work with Lloyd's as it pushes to develop its business in China.

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FEBRUARY 15, 2007
Bulker changes command on USCG rescue A CHANGE in command is taking place today aboard the Panama-flagged bulker Glory Power in the North Pacific as the Coast Guard medivacs the captain to hospital Cruising embraces NY winter CRUISE lines are hiking winter sailings from New York to the Caribbean, with Cunard's Queen Mary 2 the latest entrant Norway to lead on ballast management NORWAY is about to finalise draft regulations that will implement strict controls on ballast water management, a maritime lawyer has warned Erika Day 3: Total stresses RINA role THE outgoing chairman of charterer Total has underlined the role in the Erika incident played by class society RINA during trial hearings this week DPW sale of US assets hits snag Wilhelmsen reports strong 2006 One missing after whaling ship fire Canada blocks US LNG route SNCM state aid under scrutiny Lawyer questions Torres pilotage move

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FEBRUARY 15, 2007
DP World U.S. terminal sale hits snag Dispute over Port Newark Container Terminal (left) with Port Authority of New York and New Jersey could threaten Dubai's plan to sell U.S. port holdings. House panel backs boost for short-sea development Freight index slumps Strikes disrupt Gioia Tauro hub "K" Line shifts to Centerm at Vancouver port Maersk enhances Asia-Red Sea Hapag-Lloyd names 8,700-TEU container ship UPS orders 27 freighters Rail traffic falls 4.2% Crane returns to unload Napoli containers Russian super-jumbo freighter makes U.S. return

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FEBRUARY 15, 2007
CN slams union refusal to resume talks Canadian National Railway today sharply criticised the union representing 2,800 striking conductors and yard-service employees for rejecting a comprehensive offer to resume collective bargaining on Monday and begin "a reasonable cooling-off period." UPDATE: DPW faces another New York/New Jersey obstacle The Port Authority of New York and New Jersey has made a number of unexpected objections and conditions to DP World's agreed sale of its NY/NJ P&O assets, according to news reports. Washington state box bill faces severe opposition New threats to Rotterdam harbour towage JNP drops move to suspend night pilotage Hapag-Lloyd: China still fills one-third of world containers Busan boosted by Maersk and decision to scrap box tax ECT must address "structural" problems to weather the delays CSCL confirms details of ECSA-North Europe service

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FEBRUARY 15, 2007
Concordia counts costs Dispute with Halliburton and lengthy repairs to VLCC chop 2006 net earnings at Swedish owner. 'An offer we can refuse' DP World says it can walk away from a big deal after a last-minute $84m hold-up by New York and New Jersey. SembCorp rigs score Heavy rig building activity almost doubles annual profit at Singapore shipyard SembCorp Marine. Farstad forges ahead Heavy activity for supply ships in Far East, Australia and Norway pushes profit up at offshore owner. Growing pains at EMS One-off costs keep Eitzen Maritime Services in the red in 2006 but high revenues point to bright 2007. Steep decline at Montanari Missing revenues after sale of gas arm in 2005 blamed for sharp profit tumble at Italian tanker owner. Songa off key Large annual loss for Norwegian offshore owner hides turnaround in fourth quarter with decent profit. Norden confirms tanker sale German interests still unnamed in sale of Nordatlantic which will not be chartered back to Danish owner. Naikai rosy again Steady stream of profit returns to Japanese shipbuilder Naikai Zosen after tough first half. Dockwise sale lifts WW Norway's Wilh Wilhelmsen reports 'record' performance buoyed by disposal of heavylift operation. HPH joins Vietnam bandwagon Hutchison becomes latest in a long line of firms to launch plans for facility near Ho Chi Minh. Up, down at Tamai Mixed fortunes for Japanese bulker owner Tamai Steamship as profit rises but revenues slip. Thoresen's profits up Stronger exchange rates and charter rates have bolstered bottom line at Thai bulker owner.

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FEBRUARY 15, 2007
Wilh. Wilhelmsen's profits soar Grand, New World alliances restarting joint Asia/U.S. East Coast loop MSC starting Central America service "K" Line switching to Centerm terminal in Vancouver Hapag-Lloyd receives 8,750-TEU ship Eimskip moving to Halifax Evergreen changing North America agency name OOCL receives 5,888-TEU ship NYK to partner with new Singapore cargo airline Jett8 Volga-Dnepr's maiden U.S. call with quieter IL-76 freighter Unisys upgrading air cargo management system Hawaiian Airlines appoints operations exec Fortress completes RailAmerica acquisition BNSF extends share repurchase program Intercontainer-Interfrigo launches Antwerp/Austria shuttle train Navistar NYSE delisting to begin Norfolk Southern declares force majeure in Midwest due to snowstorm COAC: "10+2" security filing should lead to early customs entry COAC set to weigh in on mandatory '10+2' trade data Expeditors' 4th-quarter profit slips 16%, Alger retiring Port of Conakry closed as Guinea in state of siege Descartes adds new ground transport service to Canada Bay Area wine importer shifts to automated logistics solution Rubbermaid signs 10-year California lease Freightgate hires Matyas DP World deal hits snag? Macquarie bids for Montreal terminal Jacksonville Port Authority moves Peek, hires Rubin Hutchison to develop Vietnam container terminal PSA eyeing Panama terminal Long Beach LNG terminal project heads to court Dunkirk's cargo up 3% in January

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FEBRUARY 15, 2007
Color Line to pay taxes for aborted cruise Norway's biggest passenger/car ferry operator, Color Line, has been told by the Norwegian Customs and Excise to pay taxes ... Consafe orders new rigs Consafe Invest AB, Sweden and Yantai Raffles Shipyard Ltd, China has signed a letter of intent (LOI) to build two ... "Norden" logs super-profit from tanker sale D/S "Norden" today announced the sale of the crude oil tanker Nordatlantic to a German buyer for takeover during ...

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FEBRUARY 15, 2007
Bunker spill threatens pristine environment Fears raised over fuel oil as whaling ship continuing to burn. ARA market stable this morning Singapore: Stocks of residual fuels up, middle distillates down Australia tight on bunker products Prices surge on supply tightness which is expected to last until March. Pressure mounts on Singapore suppliers again Market unsettled by recent probes, puts 'light touch' approach in doubt.