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Shipping News

RM100m project to redevelop Southpoint
The RM100 million (S$43.3 million) major redevelopment of Southpoint in Port Klang will transform the port into one of the largest conventional cargo hub ports in the region to handle more non-containerised trade.
Panama to tap markets for canal work
Panama aims to tap international markets starting in the first half of 2008 for up to US$2 billion to finance the US$5.25 billion expansion of the Panama Canal, the country's vice-president and foreign minister said on yesterday.
Hanjin to build first terminal on US East coast
Hanjin Shipping Co, South Korea's largest sea carrier, will construct its first terminal on the US East coast to expand the company's biggest shipping route.
Chittagong port charges to be hiked soon
Asian tanker rates lowest in six months

Admiralty Casebook

Damage on land can be a maritime claim
A CLAIM arising from damage to cargo while it was being loaded on land into a 40-foot container in a warehouse is a general maritime claim under Australia's Admiralty Act 1988, a Sydney court ruled earlier this month.

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Shipping News

RM100m project to redevelop Southpoint
The RM100 million (S$43.3 million) major redevelopment of Southpoint in Port Klang will transform the port into one of the largest conventional cargo hub ports in the region to handle more non-containerised trade.
Panama to tap markets for canal work
Panama aims to tap international markets starting in the first half of 2008 for up to US$2 billion to finance the US$5.25 billion expansion of the Panama Canal, the country's vice-president and foreign minister said on yesterday.
Hanjin to build first terminal on US East coast
Hanjin Shipping Co, South Korea's largest sea carrier, will construct its first terminal on the US East coast to expand the company's biggest shipping route.
Chittagong port charges to be hiked soon
Asian tanker rates lowest in six months

Admiralty Casebook

Damage on land can be a maritime claim
A CLAIM arising from damage to cargo while it was being loaded on land into a 40-foot container in a warehouse is a general maritime claim under Australia's Admiralty Act 1988, a Sydney court ruled earlier this month.

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ONGC, RIL pin 'deep' hopes on Transocean drillships Drewry report cautions about overcapacity on Asia-Europe trade BSL, Apeejay to build shipyard on E. Coast L&T zeroing in on TN for shipyard project UNCTAD reports India as second most attractive location for FDI Constant upgrade of port strengths vital to meet burgeoning containerisation-S. S. Hussain Rice export ban leaves dozen ships stranded at Kakinada anchorage Major Ports exceed H1 iron ore export target Vizhinjam ICTT bids deadline extended GTI SPECTACULAR GDL posts good growth in H1 volumes, revenue NBHC to set up 200 warehouses in five years Commerce Ministry exudes optimism on SEZs' exports nudging Rs 67K crore Madras EPZ posts 25 pc surge in H1 exports DEPB rate cuts will adversely affect synthetic textile exports, stresses SRTEPC Chairman

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OCTOBER 18, 2007
Railion board has new director for production, blocktrain services Niedersachsen Ports names second managing director JRT - a new ship broker in Hamburg Volga-Dnepr celebrates second IL-76TD-90VD freighter Barges waiting in Rotterdam and Antwerp

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OCTOBER 18, 2007
Spain seizes dive vessel Pirates attack boxship in Shatt Al Arab EC green light for UK navy yards merger Ferry crew "smoking cannabis"

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OCTOBER 18, 2007
Costa orders two 3,780 passenger ships

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OCTOBER 18, 2007
Port of Anacortes earns praise from Washington State Auditor Railroad accidents decline during first seven months of '07 Nominations being accepted for Globe/Marco Polo awards Oregon freight forwarder pleads guilty in DOD case Diana Shipping works deals to purchase pair of vessels

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OCTOBER 18, 2007
Fednav to splash out on polar capesize vessels ICE-class specialist scouts for yards to build vessels to serve new iron ore mining development in Canada's High North. Canada's Fednav signs up for long-term mining transport Barrot puts pressure on stevedoring reforms BRUSSELS wants stevedoring pools that carry out abusive practices to reform or face court action. Cantor lifts dry bulk firms' share price target BANK issues another round of share price target upgrades for dry bulk shipping companies in response to the buoyant freight market. 'Fleet of foot is what the Isle of Man's all about' THE Isle of Man flag offers superior service to the UK Ship Register and is 'sceptical' about the mainland's re-launch earlier this year. Tough task to deliver QATAR'S smooth ascent to the peak of the liquefied natural gas industry is an impressive achievement.

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OCTOBER 18, 2007
EU proposes integrated policy The European Commission today presented new proposals to make freight transport in the EU more efficient and sustainable Two new services for Russia TWO new services, one ferry and one lo-lo freight, have been launched to serve the Russian Baltic market SFI continues single-hull VL purge AS part of the reduction of single-hulled tankers in its fleet Ship Finance International Ltd (SFI) has sold the VLCC Front Duchess War vote pushes oil price to record OIL prices have peaked at their highest ever, according to OPEC, owing to fears of a Turkish incursion into Northern Iraq Costa orders two at Fincantieri CRUISE operator Costa Crociere has ordered two more post-Panamaxes from Fincantieri for a total price of $1.45Bn Dead-end for Atlantic sea motorway? A FRANCO-Spanish transport commission could have to re-launch a tender for sea motorway services on the European Union's Atlantic Magic pipe casts bad spell for engineer Latin influx to spice up cruises Crews bring 'high' seas to BC coast Cosco denies abandoning Philippines Putin urges Caspian-Black Sea link COSCO denies 'share priming'

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OCTOBER 18, 2007
Hanjin Shipping to build 1-million-TEU container terminal at Jacksonville port Agreement with South Korean ocean carrier will make the Florida port a major player in the East Coast container market. Customs unveils ACE features BIS validates Chinese importers Bayonnne seeks new proposals for waterfront property Boost import safety, panel told Customs Update: Import safety PNW boxes remain sluggish U.S.: Mexican trucks safe Maersk sticking with its intermodal service Union Pacific profit up on record intermodal revenue Ten new ships for Rickmers

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OCTOBER 18, 2007
Hanjin and Senator test the market with new FMS link Lisbon port on strike until October 20 Bay Ports imports down 2.5% in Q3 Mixed fortunes predicted for ocean carriers SYMS suspends Australian service

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OCTOBER 18, 2007
Hidrovia still shrinking Shipping companies continue to reduce cargo loads on South America's Hidrovia as Paraguay River levels keep getting lower. Brits detain 14 September saw 14 detentions in the United Kingdom, including a two-week hold-up for a Vinashin Ocean Shipping bulker. British brain drain London's shipping bigwigs slam Chancellor's plans to charge non-domiciled workers. AMO election thrown out Last year's controversial American Maritime Officers election has been thrown out after a US government investigation. SHI creates a monster Korean shipbuilder unveils world's first 16,000-teu boxship. Another Excel boost Cantor Fitzgerald analyst gives US-listed bulker owner another big target-price hike as a bull market sweeps away vessel age bias. Engineer to be sentenced A Pacific-Gulf Marine chief engineer awaits sentencing in a case over "magic pipes" after a jury convicts him on three counts. Kystlink fills a gap Norwegian owner brings in Tallink spare to replace damaged Pride of Telemark. Havila takes control Norwegian owner buys remaining 70% of KS that owns anchor-handler on order at Havyard. Moving the goal-posts Shortsea shipowners in Greece seeking dispensation from Athens exchange to finance much needed fleet renewal. GOL supplies bigger profit Booming support ship and anchor-handler market is good news for Indian owner in second quarter. Korean coastguard saves 14 Russian and Korean crew recovered from sinking ship in the Yellow Sea. Keppel bags eight Singapore yard group secures orders for tug octet from Smit and related joint ventures. Oldendorff sells handies German owner said to have fetched $30.5m from Hong Kong buyer for each of two 20,400-dwt units. Costa adds two Carnival Corp's Italian arm returns to Fincantieri for two more units in $1.42bn swoop. Swissco buys again Singapore-listed offshore owner orders four new units from China and Malaysia. MISC tops profit league Malaysian owner ties with domestic bank as country's best performer over last 10 years. Teo uses his noodle Singapore's Pacific Carriers buys up offshore unit from PSA International. Manzanillo to grow Panamanian port wants slice of post-panamax canal action coming in 2014. Seagull death toll rises Rescuers find sixth body from burned-out sunken Malaysian ferry. Ezra eyes shipbuilding Singapore offshore vessel operator may start building its own ships in Vietnam due to high prices. Hanjin bags US port deal Korean line Hanjin Shipping to set up container terminal in Florida in advance of Panama Canal expansion. Kyoei Tanker expects less Japanese VLCC owner shaves some yen off first-half profit forecast, despite revenue growth. Globus fixes panamax George Karageorgiou's newly listed outfit set to earn $43m from two-year charter to Korea Line. IHB ploughs in cash Bulgarian shipyard owner wants to improve competitiveness and equipment this year. Hanjin heads west Korean liner firm to launch new Far East to Middle East service from the end of this month.

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OCTOBER 18, 2007
Samsung offers 16,000-TEU ship, Zim places $1.37 billion order Indian shipping lines form joint venture American parent posts $175 million third quarter profit Delta, Air France in transatlantic deal Continental's 3rd quarter net income up 1.7% EL AL selects ECS as Italian cargo agent Mexican truck program deserves a chance, administration says Pennsylvania plan to toll I-80 advances Partners commence first non-stop Germany/Russia link Britvic outsources U.K. soft drinks distribution to Kuehne + Nagel Chevron extends Irish fuel contract with DHL Ozburn-Hessey names Hafferty as CFO international DP World not ruling out future foray into U.S. market Hanjin picks Jacksonville for first U.S. East Coast terminal hub Supreme Court will hear N.J.-Del. boundary dispute N.Y.-N.J. Port Authority will take over study of freight tunnel Wallenius expands processing center

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OCTOBER 18, 2007
Danish Pilot Service starts new service at Skagen Danish Pilot Service A/S, the private Danish pilot company, will soon be working also from Skagen. The new company is only allowed to service ships on a voyage to or from a Danish port. The company has purchased a ... Sillamäe-Kotka ro-ro service shut down The ferry Vironia vill make its last voyage between Sillamäe in Estonia and Kotka in Finland on 19 October. The service is closed after negatiations with Russia to be allowed to pass east of Hogland have failed. The move would ... Kystink charters Fantaasia for 3+3 months Norwegian ferry company Kystlink has chartered Tallink car/passenger ferry Fantaasia for 3 months, option 3 months to replace Pride of Telemark, which is undergoing repairs at Cityvarvet in G'teborg. Fantaasia is docked in G'teborg this afternoon to do the ...

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OCTOBER 18, 2007
Fast growth predicted for 500 cst Total tells ARACON 2007 that sales of high viscosity fuels could outpace general market growth by 5-10%. New player enters Russian market Russian energy giant targets bunker sales of 1.5 million tonnes. Saudi refinery to close for 'at least a month' Shut-down puts more pressure on tight fuel oil market. David Post joins Petromedia Experienced marine industry professional joins the publishers of Bunkerworld to head-up European, Middle East and Africa Sales and Marketing. Rotterdam market remains tight Nigeria moves ahead with licensing plans Bunkering in Lagos 'on the way to fast and steady growth'. Singapore residual fuel stocks tighten Onshore inventories lost 7% from week-ago levels. HK: High viscosity product 'restricted' ExxonMobil says it will continue to focus on supplying direct to shipowners. Oil major expands lube operation in China Total Lubmarine now delivering in bulk in four more Chinese ports.