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Shipping News

Indian port operator to raise 18b rupees from share sale
MUNDRA Port & Special Economic Zone Ltd plans to raise as much as 18 billion rupees in the first initial stock sale by an Indian port operator, people with direct knowledge of the offering said.
India's Shipping Corp to buy 60 vessels
SHIPPING Corp of India Ltd, the nation's biggest shipping company, plans to buy 60 vessels for as much as US$3 billion to meet rising demand for transporting goods in the world's second-fastest growing major economy.
Asia is cruising's new frontier - just not right away
THE Port of Shanghai is getting a new cruise passenger terminal.
Aker ASA to raise funds from sale of Aker Yards stake
Tanker rates seen rising further in April on vessel shortage

Admiralty Casebook

When time limit does not apply
THE one-year time limit for a shipper to sue a carrier under the US Carriage of Goods by Sea Act did not apply where the carrier sought an indemnity from the stevedore for any amount paid to settle cargo claims, a US appeals court ruled last month.

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Shipping News

Indian port operator to raise 18b rupees from share sale
MUNDRA Port & Special Economic Zone Ltd plans to raise as much as 18 billion rupees in the first initial stock sale by an Indian port operator, people with direct knowledge of the offering said.
India's Shipping Corp to buy 60 vessels
SHIPPING Corp of India Ltd, the nation's biggest shipping company, plans to buy 60 vessels for as much as US$3 billion to meet rising demand for transporting goods in the world's second-fastest growing major economy.
Asia is cruising's new frontier - just not right away
THE Port of Shanghai is getting a new cruise passenger terminal.
Aker ASA to raise funds from sale of Aker Yards stake
Tanker rates seen rising further in April on vessel shortage

Admiralty Casebook

When time limit does not apply
THE one-year time limit for a shipper to sue a carrier under the US Carriage of Goods by Sea Act did not apply where the carrier sought an indemnity from the stevedore for any amount paid to settle cargo claims, a US appeals court ruled last month.

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China's biggest ports see TEU volume surge 41pc in February Ningbo Port Group to invest US$82m in Wenzhou box/bulk terminal Modern Terminals to install SaviTrak technology in HK Calls for inland depots to relieve Dar es Salaam congestion MOL launches safety training sessions for ship operations OTS Logistics to acquire Confreight in Europe Spring brings boom in live chicks for China Southern DFW airport voted best in Americas Swiss International Air Lines recovers from loss

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Maritime seminar at Kochi on March 18 US Senate votes down 100 pc scanning of all containers GE Shipping takes delivery of a geared Panamax dry bulk carrier Chinese envoy sees India becoming largest trading partner DP World Nhava Sheva wins safety award PMS teams up with Zoom Developers GTI's novel idea to discourage 'one for the road' Shallow berths lead to higher coal import costs Kandla Port too leaps into 50 m+ tonnes Club CONCOR to run weekly Ernakulam-Bangalore service 10 pc growth seen in garment exports Korean mission scouts for investment opportunities

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MARCH 15, 2007
Matthias Raith to leave Rail4chem Lufthansa excels AltéAd acquires Devriendt-Hansmar ECG celebrates 10th anniversary in Brussels IRU unhappy with EC diesel duty proposal

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MARCH 15, 2007
Ship Finance sells single-hull VLCC Singapore owners slam Panama charge hikes Denholm heads Baltic users' group Bulker crew rescued MacGregor buys Hydramarine

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Cosco wins order for round rig Winter: Navy ready to lift LCS stop work order New CEO for Austal USA

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MARCH 15, 2007
Washington State Ferries brings KLICKITAT back online Port of Portland expanding purchases of Blue Sky energy Astoria Coast Guard unit wins annual flag football event Coast Guard set to reopen proposal process for new cutters Homeland Security Department boss will speak at AAPA luncheon

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MARCH 15, 2007
Sterling steps in to save Swan Hellenic FORMER P&O boss rides to the rescue to save Swan Hellenic from oblivion. Arison eyes private equity future Genco gets nod for New York listing SHARES in the Peter Georgiopoulos' company will start trading on April 11. Ecsa rejects proposed changes to liability regime GROUP concerned over plans to introduce the concept of 'fault' for shipowners.

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MARCH 15, 2007
Panama Canal toll hikes slated CITY OF PANAMA 15 March ' The shipping industry joined forces at a public hearing yesterday to blast the proposed toll increases by the Panama Canal Authority (ACP) as "unacceptable" Tackle emissions, says UK minister SHIPPING must do more to tackle carbon dioxide emissions, UK shipping minister Dr Stephen Ladyman urged yesterday Nigerian 'rationalisation' goes ahead A long-awaited rationalisation of staff at Nigeria's Maritime Administration and Safety Agency is understood to be close, according to local reports Lord Sterling buys Swan Hellenic FORMER P&O chairman Lord Sterling has acquired the assets of cruise company Swan Hellenic from Carnival Corp Syria eyes Iraqi oil exports IN a sign of improving relations between Baghdad and Damascus, Syria says it wants to become a main export route for Iraqi crude oil Black Sea-Aegean pipe deal signed Master cleared of thruster tragedy Royal Navy in crew rescue airlift Cruising bets on baby boomers Carnival cautious on super-sizing Box slump drags down OOIL

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MARCH 15, 2007
House of Representatives considers new Harbor Maintenance tax bill Ways and Means to consider new bill that would exempt most domestic maritime transportation from the Harbor Maintenance Tax. Port security grants program gets extra $400 million Customs extends C-TPAT upgrade deadline for brokers House panel to review new WRDA legislation U.S., Vietnam sign sea pact OECD: Protectionist supports rising in emerging markets Portland containers surge House lawmakers oppose EU open-skies agreement Ocean fuels Panalpina net Carr to head Meridian IQ Americas, Europe Aker to exit shipbuilding

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MARCH 15, 2007
Protests gathering from Panama Canal users over rate-rises The Panama Canal Authority is being faced with increasingly vocal protests over the level of transit-rises, proposed to fund expansion, most recently from the Singapore Shipping Association and Korean Shipowners' Association. Panalpina increases volumes and profits Cosco orders four 5,100 teu ships while Hanjin considers larger order UK government to take holistic approach to marine environment Indonesian ports hoping to get off Australia's Giant African Snail source list St Petersburg congestion prompts another rise in FEFC surcharge Interview: US$425m investment in Jeddah Islamic Port to be recouped in nine years

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MARCH 15, 2007
TMT sees Stars Taiwanese owner to control up to 40% of Petros Pappas' new US-listed venture after bulker deal completed. New Indian venture for UASC Middle East boxship owner forms dedicated shipping agency with partner Transworld. Greeks circle Navibulgar Big shipowning families could be ready to bid in privatisation of national Bulgarian shipowner. Mipo bags another Unidentified Middle Eastern owner inks $760m deal for 10 ships from the Korean yard. HP deal for Vanadis Frontline confirms VLCC sale to TMT with initial charter period. Solar 1 siphoning starts Italy's Sonsub tackles fuel removal from tanker lying in 640 metres of water off the Philippines. Double Dutch detainees Spliethoff and Nedlloyd ships among seven who fell foul of US safety inspectors in February. Klickitat returns Washington state ferry built in 1927 back in service after repairs to hull. Maersk goes unconditional Danish group drops 90% acceptance target to speed takeover of Aussie tug outfit Adsteam Marine. Viking battles back Finnish ferry owner Viking Line returns to the red in first quarter as passenger volumes increase. 'Worst weather' forced crew's hand Manager of Afrodite S says captain decided to abandon ship in Aegean due to atrocious weather conditions. We're listening Panama Canal Authority holds public hearing for shipping industry on unpopular fee hikes. Aker Yards down 12% Norwegian shipbuilding group's share price still suffering after announcement of exit by parent Aker. Carnival inks Honduras hub World's largest cruise line is investing $50m to build and operate a terminal in Central America.

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MARCH 15, 2007
Nippon Foundation calls for Malacca Strait user fee Grimaldi orders five con-ro's worth $430 million UASC establishes joint venture with Indian agents Safmarine 4,154-TEU ship for Asia/South Africa loop ESPMC-WITASS adds NOx surcharge for Norway cargo Genco Shipping and Trading to list shares on NYSE Volga-Dnepr orders five Boeing 747-8 freighters, options five more U.S. inland barge fleet increases in 2006 Senate passes 9/11 bill with modified cargo scan provision TNT completes Hoau takeover EGL's CFO resigns; management promotions Johnson & Johnson leasing distribution center Customs official Heffelfinger to retire Aker ASA selling remaining 40.1% share of Aker Yards Hamburg cancels HHLA auction, opts for 30% IPO instead COSCO Pacific handles 33% more containers in February Record steel imports at Los Angeles port Oakland port testing active RFID system on trucks Navis signs first customer in Vietnam Yangtze conference to highlight port development of key China river

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MARCH 15, 2007
NATO exercise starts in Gothenburg The NATO exercise Noble Mariner kicks off with a large naval visit in Gothenburg April 10 to 13, two aircraft ... SvitzerWijsmuller finally buys Adsteam SvitzerWijsmuller have closed the deal on the purchase of Australian tug-company Adsteam. The board of Adsteam has finally accepted ... Estonian shipowners' want aid The Estonian shipowners' association remind the winning coalition in the parliamentary elections to take the shipping industries problems into account ...

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MARCH 15, 2007
Big cat moves Russian oil terminal Two-year battle to save the habitat of endangered cat sees oil terminal moved from originally proposed site. Rotterdam cuts sulphur emissions Rotterdam port service companies and public services committed to virtually sulphur-free fuel for their vessels. Promotions at Dan-Bunkering EMTA raises bunker surcharges Container lines raise European bunker surcharges, reminds customers of Baltic Low Sulphur Fuel Surcharge. Rotterdam market increasing further Ladyman: UK to push CO2 agenda at the IMO UK supports further reduction of sulphur emissions from ships, but minister says reducing greenhouse gases is "overriding goal." Minister praises SEAaT initiative UK minister urges shipping to be proactive in tackling emissions or face more regulations. Vessels wanted for oil spill response EMSA releases fresh tenders for contingency emergency vessels - almost $25.1 million put aside. Residual fuel stocks rebound in Singapore Onshore stocks of residual fuel rose while middle distillate fell in the week ended March 14. New contact details for Frisol Bunkering (HK) Ltd Australia: Gladstone tight on supplies Record bunker sales in January and February leave stocks low.