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Shipping News

Cosco banks on two new areas for shipyard arm
COSCO Corp Singapore, which announced its first ever oil rig contract and vessel newbuilding orders this week, expects its new focus on offshore rigbuilding and ship newbuilding to contribute 60 per cent of total revenue from its China-based shipyard subsidiary within three years.
Syed Mokhtar to inject RM1.6b project into MMC
TYCOON Syed Mokhtar Al-Bukhary plans to inject a fresh RM1.6 billion port development and management project into MMC Corp Bhd, his flagship public-listed company, Malaysia's Business Times reported, quoting an associate of the tycoon.
Asian work boat exhibition poised to be 20% bigger
THE fifth Asian Shipping and Work Boat exhibition, starting on Feb 6 at the Suntec City Convention and Exhibition, is shaping up to be at least 20 per cent bigger than at its previous showing in 2005.
US labour body sues over use of foreign ship parts

Admiralty Casebook

Court holds voyage charterer liable for delays in 'unsafe' port
THE voyage charterer of a vessel that was delayed in a discharge port due to the grounding of two other vessels in the port has been told by an English court that it had breached the 'safe port' warranty in the charterparty even though its vessel had safely transited the channel.

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Shipping News

Cosco banks on two new areas for shipyard arm
COSCO Corp Singapore, which announced its first ever oil rig contract and vessel newbuilding orders this week, expects its new focus on offshore rigbuilding and ship newbuilding to contribute 60 per cent of total revenue from its China-based shipyard subsidiary within three years.
Syed Mokhtar to inject RM1.6b project into MMC
TYCOON Syed Mokhtar Al-Bukhary plans to inject a fresh RM1.6 billion port development and management project into MMC Corp Bhd, his flagship public-listed company, Malaysia's Business Times reported, quoting an associate of the tycoon.
Asian work boat exhibition poised to be 20% bigger
THE fifth Asian Shipping and Work Boat exhibition, starting on Feb 6 at the Suntec City Convention and Exhibition, is shaping up to be at least 20 per cent bigger than at its previous showing in 2005.
US labour body sues over use of foreign ship parts

Admiralty Casebook

Court holds voyage charterer liable for delays in 'unsafe' port
THE voyage charterer of a vessel that was delayed in a discharge port due to the grounding of two other vessels in the port has been told by an English court that it had breached the 'safe port' warranty in the charterparty even though its vessel had safely transited the channel.

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Maritime, logistics focus group urges HK to bolster industries MOL enables customers to view service contracts online OOCL vessels achieve highest green compliance rate at Long Beach Multimodal Freight of Malaysia upgrades terminal CPA moves to restore normality to Chittagong port operations Singapore's Jurong Port hosts UASC delegation Kuehne + Nagel opens logistics facility in Narita 2006 first profitable year for American Airlines since 2000 Singapore to fend off rivals by investing in China

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m.v. Pacific Osprey makes maiden call at CCT ABG Shipyard to build 12 vessels for Singapore co SKIL ropes in foreign firms to upgrade Pipavav Shipyard status New economic order coming this July! High global prices discourages wheat imports Ports MCA remains nowhere in sight Kandla Port Trust beefs up marine fleet Rlys posts hefty 17 pc rise in freight revenue Major alliance of European freight forwarders connects to INTTRA NCAER revises 2006-07 GDP growth projection to 8.44 pc Foreign Trade Policy Analysis: Current Trends-By M. Sreedharan New SEZ proposals to await finalisation of farmers' rehabilitation policy

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JANUARY 18, 2007
DB Logistics: new executive and brand structure Höegh Autoliners signs agency contract with Furness Shipping Qatar Airwavs Cargo expands its freighter network Railion Nederland: profit and record volume in 2006 DFDS Transport definitely adopts DSV name

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JANUARY 18, 2007
ABG yard wins US$229m order Iceland warns of tanker risk PTP will keep working fast

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JANUARY 18, 2007
Kramek appointed to Rowan Companies board Class action suit filed against HOS EPA settlement means cleaner diesel for some NYC vessels

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JANUARY 18, 2007
Port of Bellingham backs Whatcom County small businesses Orient Overseas provides update on sale of it's Terminal Division Portland Women's Shipping Club moves January meeting to next Thursday Portland Shipping Club extends 'Old Salt' nomination period Investigation underway to find cause of tanker anchor woes

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Boxship crew airlifted to safety ALL 26 crew on board a Zodiac-managed boxship listing in the Channel have been airlifted to safety on Royal Navy helicopters. Drama in the Western approaches Oil spill at Rotterdam CRUDE oil spill at Europe's largest port after CMA CGM container vessel slammed into an oil jetty. DnB Nor tops lending table NORWAY'S DnB Nor has turned the tables on Scandinvian rival Nordea by becoming the leading bank in syndicated shipping loans.

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JANUARY 18, 2007
MSC crew rescued from holed boxship ENGLISH CHANNEL 18 January ' All 26 crew of the container ship MSC Napoli have been picked up from their lifeboat by rescue helicopters today after they abandoned ship in the English Channel MPC buys 29.5% stake in HCI MPC Capital, Germany's top KG house, has secured a 29.5% stake in rival HCI Capital to defend its market position against foreign competition CelticLink's new service is delayed CELTICLINK Ferries' plan to launch a Portsmouth-Cherbourg ro-ro service in mid-January has been delayed until next month as the ship's refit has taken longer than expected P&O plans new Dover-Calais ferries DP World-owned P&O Ferries is planning to build new vessels to replace its ageing Pride of Dover and Pride of Calais Sealift funds heavy lift fleet SEALIFT, the heavy lift vessel operator spun off from Frontline, has completed a private placement of stock and will buy four single-hull Suezmax vessels from Frontline Messina: third captain to be called ITALIAN police investigating Monday's collision involving the commuter ferry Segesta Jet and the container ship Susan Borchard are to question the captain of another ferry Celebrity Legionnaires win slashed Customs brokers join criticism of 9/11 bill Superferry bomb plotter killed Iraq, Iran plan joint venture

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JANUARY 18, 2007
Virginia ports top 2 million TEUs Container throughput climbed 3.2% to a record 2.05 million TEUs in 2006, pushing volume over the two-million mark for the first time. Judge clears South Carolina port land plan Brokers hit all-inspect bill Vancouver terminal sold MSC box ship abandoned by crew in English Channel Maersk Line, Safmarine hike Asia-S. Africa rates New CEO for CEVA Logistics APL Logistics, Con-Way expand Asia LCL service New VP to head Cerescorp.'s Vancouver operations

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JANUARY 18, 2007
NW European storms leave navigational casualties in their wake Northwestern Europe's storms have caused a string of navigational casualties, including a potential record oil spill for Rotterdam after a containership crashed into an oil-jetty, and a crew forced to abandon their damaged ship. HMM blames high fuel costs and weak rates for sharp profit fall Hyundai Merchant Marine recorded a 79% fall in operating profit last year, while net profit plummeted 70%, to KRW114bn (US$122m). SYMS to launch Dalian-Osaka-Kobe loop Taiwan's FPMC expands fleet on Mainland China-Taiwan trade Shanghai's Yangshan to push first step of e-bill of lading Containerisation boosts Chittagong boxes, despite politics and operational problems Codesp confused as Santos tariff reductions project a mixed growth picture Pacific Northwest ports see slump in growth as services and volumes return south Japan-South Korea container volumes grow 4.3%

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JANUARY 18, 2007
Zodiac boxship leaking oil Spill reported from abandoned MSC Napoli under tow by French tugs. MSC Napoli crew rescued At least 13 being flown back to UK as boxship lists and drifts in the English Channel. V.Ships tanker held in US Chem Cosmos detained twice in US last month with OWS problems and fuel oil leaks. Aker Promar ready to go Work on another new yard in Brazil to build ships for Transpetro will begin in March. Prisco volumes rise Russian tanker owner pushes up oil cargo numbers by 21% for 2006. Quintana ties up panamax BHP Billiton will take 1999-built vessel at $26,500 for two years. Two killed in Nigerian oil attack Militants storm Hyundai ferry on its way to refinery at Bonny Island. MSC ship listing off UK Crew abandon container vessel which is listing in English Channel after being battered by waves. MPC moves on HCI Shares in German finance house jump after rival confirms it will buy 30% stake as "financial investment". Tallink hits back Estonian ferry owner wants apology from Swedish union over boozy party claims. Uljanik boosted by ship sales Disposals helped Croatian bulker owner to 48% bigger profit in 2006. DnB pulls it off Norwegian bank accelerates ahead of rival Nordea to become number one shipping syndicator. Stena firmly in the black Swedish ferry owner expects healthy 2006 profit on back of better passenger numbers. Toxic fumes kill two in Philippines Perishable goods fingered as 10 more hospitalised after incident onboard cargo ferry. Suez closed for salvage Canal authorities removing dredger that sank in September, killing four crew. Suape yard comes step closer Work on delayed Brazilian facility to service huge Transpetro order to start in second half of 2007. Awilco in heavy listing Norwegian group will float heavy lift unit on main Oslo exchange later this year. Celebrity sick day Celebrity Cruises left with headache after US judge quashes 95% of $193m payout in Legionnaires' case. More losses at HMM HQ Korean container line posts second consecutive deficit as falling market is compounded by strong won. Heavy lift off John Fredriksen heavy-lift unit Sealift takes off with six-unit suezmax purchase from Frontline worth up to $566m. Tsakos takes aframax back Olympia (built 1999) goes back to original Greek owner from German KG Dr Peters for $31m.

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JANUARY 18, 2007
MSC containership sinking in English Channel Foss Maritime announces restructuring Giuseppe Bottiglieri orders six post-Panamax bulk carriers from China Descartes joins IATA e-freight program as strategic partner Panalpina's Fischer denounces Swissair prosecutors U.S.-flag Great Lakes cargo up 2% in 2006 NIT League, NCBFAA engage Senate on cargo security measures CEVA moves Kulik to board, names DHL exec as CEO APL Logistics, Con-Way expanding OceanGuaranteed service in Asia Steel group objects to countervailing duty proposal Schenker, BAX fully merged in Indonesia Eimskip now owns 100% of Daalimpex Pilot promotes Bullard to head logistics division Inchcape appoints Carmichael, Gannett Virginia adds another long-term contract with CSAV pact Kerala sees port plan blocked again due to Chinese investment Le Havre's TEUs flat in 2006 Indian Shipyard receives $229 million order Portland T-6 terminal turns to Tideworks

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JANUARY 18, 2007
Concordia lost dispute with US company Concordia Maritime has lost a dispute with a subsidiary of the Halliburton group in the US. A court in London ... Tallink demands apology from union According to Swedish and Finnish media, Enn Pant, chairman of the Tallink Group demands an apology from the Swedish seafarer ... Norwegian gas ferries pollute more Three Norwegian gas ferries, now being introduced in Western Norway, will pollute three time as much as the four conventional ...

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JANUARY 18, 2007
Fuel oil Bulletin Board makes strong start Argus Media reports 60,000 mt of deals in single one-hour session on Rotterdam barge market. High winds batter European Ports Antwerp and Rotterdam closed, container ship splits bunker tank as it's blown from moorings. Bunker brokers could be without a role Indian state pushing ahead with regulations that will exclude intermediaries between buyer and seller. Damaging regulation 'about' to be lifted Supplier says bunker sector is often forgotten when new laws are drafted. Rotterdam market firming slightly Singapore: Stocks of residual fuels, distillates down Residual fuel stocks fall by almost 1.2 million barrels from week-ago levels.