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Shipping News

Industry leaders vow more active role
ASIAN shipowners and managers have pledged to use the region's growing influence to help steer pending regulatory changes, improve the global image of shipping and address the anticipated shortage of qualified officers for the world's expanding fleet.
Cooperation vital in fighting sea threats
AN EFFECTIVE response to maritime security threats will require close international cooperation, given the rising threats from non-state actors, Minister for Manpower and Second Minister for Defence Ng Eng Hen said yesterday.
HK April box volume falls amid China competition
HONG Kong port operators including Hutchison Whampoa Ltd and PSA International Pte handled 1.6 per cent fewer boxes in April, a second straight decline, as competition from mainland Chinese ports increased.
Orders for Japan's shipbuilders decline by half in Jan-April
Pirates open fire on cargo ship off Somalian coast

Strait Talk

Veering around to the nuclear option
HANDS up, anybody who can tell me anything about the following cargo ships: Savannah, Otto Hahn, Mutsu and Sevmorput.

web site

Shipping News

Industry leaders vow more active role
ASIAN shipowners and managers have pledged to use the region's growing influence to help steer pending regulatory changes, improve the global image of shipping and address the anticipated shortage of qualified officers for the world's expanding fleet.
Cooperation vital in fighting sea threats
AN EFFECTIVE response to maritime security threats will require close international cooperation, given the rising threats from non-state actors, Minister for Manpower and Second Minister for Defence Ng Eng Hen said yesterday.
HK April box volume falls amid China competition
HONG Kong port operators including Hutchison Whampoa Ltd and PSA International Pte handled 1.6 per cent fewer boxes in April, a second straight decline, as competition from mainland Chinese ports increased.
Orders for Japan's shipbuilders decline by half in Jan-April
Pirates open fire on cargo ship off Somalian coast

Strait Talk

Veering around to the nuclear option
HANDS up, anybody who can tell me anything about the following cargo ships: Savannah, Otto Hahn, Mutsu and Sevmorput.

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Maersk Line to launch Asia-Europe service (AE11) TSA sets up east and west coast shipper meetings in June NOL group sees Q1 net profit plummet 64pc Vietnam to build its first box manufacturing plant World container demand leaves Sri Lanka in the lurch Piracy plummets in SE Asia, but doubles off Nigeria in Q1 Cathay-Dragonair results show cargo falls 4.8pc in April Australia earmarks US$47.37 million for aviation security After 2 mega thefts, Penang holds security forum May 24

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MPs' panel stresses need for 'rationalisation & reduction' of taxes in shipping sector Shipping companies investing heavily in dry bulk carriers French logistics co. directed to register with DGS More Lankan vanaspati to be imported Exporter loses shipment case in US court on time-limit clause Coir exports exceed 2006-07 target Natural rubber imports may go up by 67 pc Pawar hints at import of 5 m tonnes wheat Major Ports logging in to IT network upgradation IL&FS appointed consultant for industrial corridor project Eastern Railway, Howrah division aims to double coal traffic Now, MCA for metro rail projects on cards Flyington Freighters to operate Chennai-China cargo service Booming economy swells Customs, excise duty collections Exim Bank may finance units in SEZs States to have say in acquisition of land for SEZs More sweeteners for sugar industry in offing SC to hear plea against wheat import on May 17 Meeting on 'The Rising Rupee' at IMC today

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Andersen elected new DSV CEO New World Alliance launches Suez service Fifth Airbus A320 for Swiss RZD ties knot with European partners Kuehne + Nagel expanding in Japan

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MAY 15, 2007
Bush urges Senate action on Law of Sea Convention Bergesen Worldwide sells Genmar stake MSC renews Hornblower Marine HSV contract

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MAY 15, 2007
Pappadakis quits London listed GO NICKY Pappadakis steps down as non-executive chairman of GO Carriers citing personal reasons. Jefferies begins GO coverage with a 'buy' Crack in hull led to structural failure, Erika trial told A HIDDEN weakness in the vessel's hull was at the origin of the structural collapse. Pirates fire rocket at UASC vessel off Somalia HEAVILY armed pirates launch daring attack which destroys accommodation block of Ibn Younos. Riding the wave from feast to famine INDIA'S leading executives explain why seven years no longer seems to be the accepted length of the shipping cycle. Don't leave your mess behind you THE International Conference on Wreck Removal this week will hopefully end with the adoption of a much-needed new treaty.

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MAY 15, 2007
HHI to be split from Group SEOUL 15 May ' Hanjin Heavy Industries is to be split from the Hanjin Heavy Industries Group, if shareholders meeting next month agree a directors' decision today LPG weakness drags BWG profit lower BW Gas, the Oslo-based listed LPG and LNG carrier operator, saw net profit fall in 1Q07 because of weakness in the LPG carrier business HMM blames loss on currency HYUNDAI Merchant Marine suffered a net loss for the first quarter this year, as well as a drop in revenue ' but blames currency appreciation for the book-value results Cruise rot creeps to Alaska, says Star WEAKNESS in the US cruise market that has so far affected its operations in Hawaii and the Caribbean have crept to Alaska, says world no. 3 cruise operator Star Cruises Aboitiz signs deal with MCC Transport PHILIPPINE ship owner Aboitiz Transport System has entered a joint venture with two Maersk Singapore subsidiaries to operate in Philippine domestic container shipping Industry denies Kremlin squeeze Star Cruises back in Southern firmament Ship fired upon off Somalia Colombia poised for takeoff US box mix evolves Canal plan impacts Caribbean STX Pan Ocean profit soars RCL takes currency hit Grounded cruise ship refloated

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MAY 15, 2007
Pacific N'west ports plan for clean air Ports of Seattle, Tacoma (left) and Vancouver, British Columbia to work together to reduce harmful emissions from maritime-related sources. Charleston adds New World Alliance Suez service Trailer Bridge back in black Seaspan spends $1.06B for eight container ships DHL helps boost Deutsche Post earnings Rail unions reach accord on national contract New trans-Pac chief for Matson ABX in Japan pact Canadian Pacific track workers threaten strike Japan plans port reforms to speed trade Shipper suit alleges railroad price-fixing

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MAY 15, 2007
Port of Long Beach benefits from security funding Seaspan signs tonnage deal with Coscon AIG to buy more terminals Zim joins TSA NWA and CMA CGM join up for new China/USEC link

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MAY 15, 2007
Morgan buy 'financial only' General Maritime sources indicate large-bloc shares buy is limited to Morgan Stanley's financial division with no intent of "strategic" acquisition. Morgan Stanley hunting Genmar? Finance giant has bought out BW Group's entire 3.8m-shares stake in New York tanker owner for $112m. Matson raids APL US liner operator Matson Navigation has poached top sales executive John Lauer from former partner APL. Green hits record Reefer operator rewarded with sparkling figures after January's 20-ship swoop. Eitzen buys and flies Norway's Eitzen Maritime Services finishes day of trading on a high after revealing acquisitions and profit gain. Pirates fire at UASC ship Crew's cabin destroyed as machine guns and grenade launchers used against vessel off Somalia. Flying start for Fesco Russian boxship and logistics player records another profit increase in the first quarter. 'Dead' reefer hijacked off Liberia Pirates armed with machetes storm ship listed in Equasis as 'dead' and haul it to the Ivory Coast. Hanjin to spin off yards Koreans look to boost profit by listing shipbuilding under standalone company. Noble launches bond offering Hong Kong owner bids for $200m-plus from issue of convertibles. SNO turns it around Romanian shipyard goes from loss to profit in first quarter. Greek tanker grounds off Denmark Salvage mission underway to re-float aframax loaded with 80,000 tonnes of crude with some damage reported. More equity for TGP Teekay LNG to issue new shares to pay down bank credit. Tallinn yard faces claim Insurance company wants compensation from Estonian shipyard for cargoship breakdown. One killed on Louis ship Indonesian crew member dead and another seriously injured as mooring rope snaps on cruise vessel in Greece. IHI spending big Japanese shipbuilder will resume production at Aichi and beef up Kure and Yokohama yards. MC Shipping on the prowl? Monaco LPG owner considering 'potential acquisitions' as continued repairs to Kew Bridge hurt first-quarter profit. STX loses out Korean shipbuilder hit by falling ship prices in first quarter as profit drops. Deflated profit at BW Gas Oslo-listed LPG and LNG shipowner bashed by lower VLGC rates in first quarter. Toei thaws Strong fourth quarter pushes Japanese fish transporter Toei Reefer Line into the black for the year. Borgestad dips into red Norwegian shipmanager blames sale of shipowning arm for deficit in first quarter. Stronger rates boost TBS US-listed tweendecker owner reaps the rewards of firmer market conditions with 80% jump in profits. GO fixes pair London-listed Global Oceanic Carriers ties up two of its ships for at least another twelve months. Seaspan books eight Containership leasing firm orders series of 8,500-teu ships at Hyundai for charter to Cosco.

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MAY 15, 2007
Seaspan orders eight 8,500-TEU ships, increases borrowing limit OMI acquisition clears antitrust hurdle Coast Guard may to reopen C&D Canal today Military Sealift vessel saves the day for stranded container vessel Chamber of Shipping elects AMSEA as member U.S. Saint Lawrence Seaway Development Corp. moves D.C. office Deutsche Post's 1st quarter net income up 4% Glauber to represent U.S. agricultural trade at WTO OH Logistics hires two in executive finance division FMC reviews 4 OTI license applications ICTSI's 1st quarter net income up 36% Suez Canal posts record monthly revenue in April New York-New Jersey "virtual container yard" due by summer COSCO to be first line to call at new Prince Rupert container terminal Port of Le Havre's TEUs rise 25% in April Panama Canal Authority releases tender for canal construction

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MAY 15, 2007
Greek tanker grounded on Hatterbarn The Greek flagged tanker Minerva Concert ran aground last night on Hatterbarn in Sams' Belt with a full cargo of ... EMS expands further by acquisition Eitzen Maritime Services (EMS) acquires Spanish ship supply company Provimar SA for EUR 31 million. The company had sales of ... Hurtigruten deeper in the red Hurtigruten (formerly Hurtigruten Group) is sinking ever deeper into the red and has announced operating losses at NOK 103 million ...

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MAY 15, 2007
'Book early', supplier advises South American avails tightening in key east-coast ports as supplier telling buyers get orders in. New director for Solonita Greek trader expands Mediterranean presence Termoil in joint venture with Malta-based shipping agency. Crude oil pipeline could stimulate bunker demand Greek bunker volumes have been falling, bunker forum told. IEA: Cleaner fuels equals CO2 penalties Global energy watchdog warns of market disruptions and CO2 increase if ships switch from fuel oil to distillates. Record volumes for Rotterdam's newest price indicator Argus Media says its Fuel oil Bulletin Board reported 170,000 mt of trade in one day last week. Rotterdam market falls Tueday morning Hong Kong tight on 180 cst material Traders say tightness could persist until next week. OPEC decides against emergency meeting Oil cartel says the market is 'comfortable'. Japanese refiner agrees April bunker price Retroactive bunker price up by more than $22 per metric tonne.