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Asia eyeing Lockheed Martin warship: exec
US firm Lockheed Martin yesterday said some Asian countries had expressed serious interest in the defence contractor's new class of warship, which can be used against terrorist and pirate vessels.
Captured S Korean ships held in Somalia
PIRATES who hijacked two South Korean fishing vessels with 24 crew members aboard have sailed the ships to a village on the coast of Somalia, a maritime watchdog said yesterday.
Coal, iron ore shipping rates fall after record rise
THE cost of shipping coal, iron ore and other dry-bulk commodities fell from a record after congestion eased at Australia's Newcastle, the world's largest coal export port.
Shanghai pips HK as world's No 2 container port in Q1

Admiralty Casebook

Towing is not transporting: court
AN AUSTRALIAN court last month ruled in favour of a Malaysian shipowner whose vessel was badly damaged when one of the two tug boats helping the vessel to berth collided with it following a steering control failure on the tug.

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Shipping News

Asia eyeing Lockheed Martin warship: exec
US firm Lockheed Martin yesterday said some Asian countries had expressed serious interest in the defence contractor's new class of warship, which can be used against terrorist and pirate vessels.
Captured S Korean ships held in Somalia
PIRATES who hijacked two South Korean fishing vessels with 24 crew members aboard have sailed the ships to a village on the coast of Somalia, a maritime watchdog said yesterday.
Coal, iron ore shipping rates fall after record rise
THE cost of shipping coal, iron ore and other dry-bulk commodities fell from a record after congestion eased at Australia's Newcastle, the world's largest coal export port.
Shanghai pips HK as world's No 2 container port in Q1

Admiralty Casebook

Towing is not transporting: court
AN AUSTRALIAN court last month ruled in favour of a Malaysian shipowner whose vessel was badly damaged when one of the two tug boats helping the vessel to berth collided with it following a steering control failure on the tug.

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Hong Kong falls to third place among world container ports Hutchison unit awards Boskalis US$60m Panama CT job Rail network set for break-up into five companies: report MSC, Conbulk buy three upgraded 2,680 TEU ships from Maersk Coscon takes fastest transit times award Le Havre's Terminal de France leads container growth Hamburg Sud Venezuela appoints logistics operations director Deutsche Post World Net Q1 profit rises 8.7pc China Southern, Air France discuss forming cargo airline Cathay fears fuel prices will weaken freight volumes Emirates Group net profits soars 24pc

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Phenomenal growth in shipyards' order book position Asian shipowners & managers vow to play more active role in global maritime affairs Transpacific carriers, shippers to hold 2 meetings in June in bid to resolve differences US gives shrimp exporters more time to fill up questionnaire Mumbai Port establishes new record in handling HR steel coils MCAs for ports, airports & road sector likely by year-end 12 states open doors for high-speed trains Indian, Gati strike deal on cargo services Apeda setting up farm produce export facilitation centres at more airports & Haldia seaport FFFAI convention to be held in Bangalore from May 24 to 26

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MAY 17, 2007
SCA elects new Chairman ABS and Vietnam Register expand cooperation More "magic pipe" charges Another Deepwater hearing

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MAY 17, 2007
Trio of PNW ports set new emissions goals Final Dreamliner section arrives at Boeing facility Matson taps John Lauer as Transpacific Services director FRA adding two new rail track inspection rigs BTS report lists top trucking ports

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Italy approves Fincantieri share sale GOVERNMENT grants the sale of 48% of state-owned shipowner on the public markets. Solid results boost Fincantieri privatisation case Lloyds TSB builds up stake in Clarkson BANK increases shareholding in shipbroker to more than 8% as it looks to benefit from the bullish shipping market. BP fights cost-cutting allegations OIL major continues to battle claims that budget cuts could have led to Alaska oil spill. Italy's boom: Miracle or mirage? INVESTORS and owners ponder if developments such as the part sale d'Amico reflect a new mood in Italy's maritime sector. Shake a leg IS enough being done to ensure that mariners and passengers onboard ships do not suffer from noise and vibration problems?

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MAY 17, 2007
Caribbean bolsters maritime training MAYAGUEZ 16 May ' Caribbean representatives have signed an historic memorandum of co-operation that will enhance regional maritime training HPH denies selling Westport stake HUTCHISON Port Holdings has strongly denied a Fairplay Daily News report that suggested HPH is in talks with PSA regarding the Westport facility Top Tankers refocuses on quality TOP Tankers today reported drastically lower profits for its first financial quarter based on what management describes as a improvement in fleet management Vigo strike talks reach conclusion UNION leaders representing shipyard and metal industry workers have hammered out an agreement with company managers, ending ten days of strike action Reefer officers indicted for pollution HK-based Fleet Management and two senior officers from the reefer vessel Valparaiso Star have been indicted in the US on oil dumping-related charges India's detention rate 'much improved' INDIA'S efforts to curb serious ship detentions abroad have led to lower detentions of local ships under the port state controls norms Casualties as vessel sinks in storm Nine in frame for Indian mega-yard Profit sharing needed, owners told PR military base going commercial

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MAY 17, 2007
ILWU, PMA plan early start to talks West Coast employers, longshore union hope to avert repeat of lockout that backed up ships for 10 days (left) in '02. Evergreen profits fall Zim net off in 2006 Industry coalition opposes California container fee Senate passes water bill Canadian Pacific workers strike Dredging deal clears way for Philadelphia box terminal NYCT chief urges PA to buy land for expansion Inland transport key to S. Calif. warehouse boom Australia's Macquarie buys Japanese warehouse broker Ship operator charged with illegal oil dumping

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Korean liners confident on profit

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MAY 17, 2007
Star Reefers not indicted Hong Kong's Fleet Management plus a master and chief engineer have been indicted in a US magic pipe case. Skaugen bond bucks IM Skaugen has completed a bond issue worth up to NOK 1bn ($165m) with a first tranche of NOK 600m. Horizon director sells Horizon Lines board member James G Cameron has sold most of his shares of company stock this week. Trasmed picks up option Spain's Acciona Trasmediterranea has picked up one option for a further ro-ro from compatriot Navantia. ABS and VR get closer US society will train and qualify Vietnamese surveyors under new extension to longstanding pact. Fednav wins arctic deal Canadian bulker owner to help ship iron ore from Mary River on Baffin Island. Collision casualties mount Five Vietnamese sailors now dead and three missing following collision with Greek LPG ship. Vroon makes offshore play Dutch shipowner adds Aberdeen-based Viking Offshore Services' emergency response vessels to its fleet. Shake-up for Sheths Rival sides of Great Eastern's big shareholding family look set to iron out differences with share swap. Top down Nasdaq-listed tanker owner struggles to make a million in the latest quarter. Warrants issued for Lasco men Two Latvian Shipping council members pursued by Riga court over alleged money-laundering. Clarksons swallows Cofimar Broker adds dry-cargo sweetener to portfolio in $2.5m all-share acquisition. Knightsbridge regains ranking Jefferies revises sell recommendation after VLCC owner's latest figures sparkle. Scotland wants ferry link But Norwegian group critical of level of government support for route to Kristiansund. MNP sells off yards Russian yard group offloads 3rd International and Lotos yards in Astrakhan to concentrate on tankers and dry cargoships. Ship sinks off Myanmar Fears for 20 crew as Singaporean general cargo ship succumbs to bad weather in Bay of Bengal. Wilson Sons shines Newly listed Brazilian yard and shipping group builds first quarter profit as efficiency improves. Heung-A stuck in the red Korean boxship and chemical tanker owner cuts losses a little in first quarter, but still struggling. B+H finds a bit extra US tanker owner restates first quarter profit after removing loss booked from second quarter.

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MAY 17, 2007
FEFC reports strong Asia/Europe volumes Caribbean, Latin America markets changing IPBCC adding surcharge for heavy containers Reefer ship charged with pollution violation Maersk moves to Caucedo from Rio Haina on Europe/Caribbean loop Navios announces secondary offering TBS International reports higher earnings, revenues Aires reports earnings drop in first quarter Sea Star raising U.S. Virgin Island bunker charge Lufthansa Cargo extends MD-11 Freighters contract with World Airways Senate passes inland waterways improvement legislation TNT to expand Asian road network into Vietnam CN drops legal action against Mohawks CBP changes targeting rules for container inspections U.S. Chamber lauds CFIUS reform bill IPI report endorses U.S.-South Korea FTA U.S. cattlemen support interstate shipping bill DHL to become primary U.S. shipping provider for Royal China Algeria plans increased imports of Upper Midwest durum DHL automates Allentown hub Are Caribbean voices being heard in Washington? Pacific Northwest ports set lower emissions targets New Puerto Rico port will use flat-rate tariff

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MAY 17, 2007
Rosneft subsidiary gains lubricant plant Oil and additives plant sold in auction for final remaining Yukos oil assets. Matson to levy record fuel surcharge Fuel charges rising but company reporting strong financial results for the quarter. Russian fuel oil 'flowing normally' Railway links between Russia and Estonia's export terminals have been 'unlocked'. Singapore: Residual fuel stocks near 10-month high Reports point to weaker demand from China. Singapore: Bunker trading firm moves Karachi violence disrupts bunkering Deliveries in the port facing backlog. Crude falls on build in US oil stocks US crude oil and gasoline inventories gain more than expected. O.W. in joint venture to supply in Iran More growth in the Bandar Abbas bunker market.