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Astrup Fearnley opens regional office
ADDING to Singapore's global maritime credentials, 138-year-old Norwegian ship broker Astrup Fearnley has joined other time-honoured European maritime firms in setting up shop here, saying this is the place to be as a new era dawns in global shipping.
Shanghai port beats HK to No 2 spot
SHANGHAI has overtaken Hong Kong as the world's second-busiest port behind Singapore, according to first-quarter throughput figures released by the Hong Kong Port Development Council.

Admiralty Casebook

Lookout's lenses blamed for sea accident
PHOTOCHROMIC lenses, which change from light to dark depending on the amount of light they are exposed to, may be inappropriate for use by lookouts on the bridge of merchant vessels, a UK marine accident investigation report has revealed.

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Shipping News

Astrup Fearnley opens regional office
ADDING to Singapore's global maritime credentials, 138-year-old Norwegian ship broker Astrup Fearnley has joined other time-honoured European maritime firms in setting up shop here, saying this is the place to be as a new era dawns in global shipping.
Shanghai port beats HK to No 2 spot
SHANGHAI has overtaken Hong Kong as the world's second-busiest port behind Singapore, according to first-quarter throughput figures released by the Hong Kong Port Development Council.

Admiralty Casebook

Lookout's lenses blamed for sea accident
PHOTOCHROMIC lenses, which change from light to dark depending on the amount of light they are exposed to, may be inappropriate for use by lookouts on the bridge of merchant vessels, a UK marine accident investigation report has revealed.

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Haafa aims for higher standards in logistics industry Transport Logistics China 2008's dates shortened Delmas switches agent in Malaysia DHL logistics division regional HQ opens in Singapore Schenker opens multi-modal centre at Finland's Turku port Container train runs faster between Russia and Finland China Southern Airlines posts profit of US$24m Chengdu Airport opens air cargo terminal Hong Kong retains No 2 spot among air cargo airports

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Mercator may foray into coal mines India emerges as a force in manufacturing exports Pak imports more Indian goods via 3rd countries CHAs stop clearing import cargo at Sahar Air Cargo Complex Thrust to agriculture, hi-tech & value-added products exports Easing of SEZ size ceiling in certain cases hinted at Some highlights of the annual supplement to the FTP Seminar on India-Egypt trade today

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APRIL 19, 2007
Tani named chairman of "K" Line's Turkish agency OOCL announces China India Express Service (CIX) China Southern launches Dubai flights Germany: lock closures on the Main and Danube Agility adapts European organisation to developing growth Headlights now mandatory in Poland

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APRIL 19, 2007
Salvage calls down Strikes threaten shipping profits Calypso report reveals errors by senior officers Marshalls passes 36m gt mark Containership upgrades

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APRIL 19, 2007
Justice Department investigates Deepwater

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APRIL 19, 2007
Port of Olympia gains SEPA nod for planned infrastructure improvements Port of Seattle accepting public comment on Sea-Tac plans Port association schedules public relations seminar Three states added to Customs' e-manifest scheme Diana Shipping inks deal for Capesize newbuilding

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APRIL 19, 2007
Bank lending to Greek shipowners tops $46bn BANK lending for Greek shipowners grew by 28.5%, reaching $46bn at the end of 2006. Greeks take growth in their stride Brussels to shame EU ship safety package critics GOVERNMENTS blocking approval of directive will be publicly shamed when a pollution disaster occurs in their waters. BW puts its money in the offshore sector GROUP favours expansion in offshore but takes a cautious approach with its shipping businesses.

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APRIL 19, 2007
Ethanol may dim refinery expansion WASHINGTON, DC 19 April ' A top Chevron executive reportedly believes America's push towards ethanol could hit investments in new US refinery capacity Stricken Irizar under tow THE fire-damaged Argentine icebreaker Almirante Irizar finally started its slow trip to the Puerto Belgrano naval base near Bah'a Blanca at almost midnight on 17 April Calypso report raises safety issues A report into a cruise ship engine room fire a year ago has revealed that many senior officers on board did not know how to operate the CO2 fire smothering system Essar Global targets Minnesota INDIAN steel major Essar Global, backed by the Ruias, is poised to acquire US-based Minnesota Steel Strikes dilute owners profits HIGHLY profitable shipping trades suffer a commensurate larger loss from delays caused by strike action, accidents and incidents, warns the Strike Club this week OMI acquisition 'good for both bidders' THE Teekay/Torm joint acquisition of OMI Corp has enabled both companies to get what they wanted while reducing the risk of a counter bid, a Danish analyst tells Fairplay Russia-Alaska tunnel proposed Japanese shipping fund launched

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APRIL 19, 2007
Customs to roll out ACE this summer Customs later this year will launch the first phase of the Automated Commercial Environment, the agency's long-awaited digital trade portal. CN Rail strike over Customs begins mandatory truck e-filing in Southwest Indamex adds Savannah call Euromax gets 12 cranes Fuel costs cut Cargolux net Dublin Port in joint Indonesian terminal venture Aussie trade talks could be U.S.-Japan preview India targets $160B in exports GAO report cites declining Customs revenue staff 50% gain for Portland boxes

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APRIL 19, 2007
General Motors contracts to boost China backloads Container trade between Australia and North Asia, which has become increasingly imbalanced as southbound flows have soared, will receive a backload boost from new contracts won by General Motors-Holden. Hyundai Group to strengthen management position in HMM Asciano ascends, with ACCC blessing on Toll's restructuring Kandla to impose congestion surcharge CMA CGM to upgrade Med-Eur-Carib-SAm-Med service Hanjin charters five 3,400 teu from Danaos Canadian anti-strike law takes effect Containerships speeds up south Baltic spin K+N rail contract to feed Hams Hall with Felixstowe and Southampton cargo STX Pan Ocean and Heung-A to expand intra-Asia loop Shenzhen's Chiwan Wharf sees margins eroded by rising costs Dublin Port and Sabang BPKS to invest US$445m in Sabang port project Australia's Corrigan takes more of DP World

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APRIL 19, 2007
Stolt abandons US listing Stolt-Nielsen says low Nasdaq investment volumes do not justify the cost -- or the burden of US financial regulation. Bocimar shovels cash Benoit Timmermans-led CMB describes its first quarter as "firm" after logging a net profit of EUR 93m ($127m). Seaspan secondary prices Gerry Wang-led Seaspan Corp has $141m and counting after an issue of fresh corporate stock. Bear claws Teekay Shares in Vancouver owner drop after Citigroup analyst says company may actually lose money on its $1.1bn investment in OMI Corp Calypso 'not to fit to sail' A Louis Cruise Line vessel hit by fire should not have been allowed to sail, say accident investigators. Suez uncorked A D'Amico products tanker was refloated after briefly blocking the Suez Canal this morning. Score-draw for Baltic Britain's Baltic Exchange has only got half its way with modernisation plans. Garware grabs more First quarter profit jumps at Indian offshore ship player in stronger oil and gas exploration market. Nakilat numbers creep up Net income doubles as Qatari shipowner awaits flood of LNG newbuilds. Vinashin fancies ferries Vietnamese shipbuilder lines up big investment in its own fleet of fast passengerships. MPC placements jump KG house more than triples equity raised for shipping in first quarter as investors lap up new reefer and container projects. Mitsui unveils new gas project Group's shipbuilding and trading arms form new venture to ship frozen natural gas. Polish yards in trouble European Commission rejects restructuring plan, placing vital aid cash and guarantees in jeopardy. Jan De Nul orders in Korea Belgian firm's order for stone dumping vessel comes a month after ordering cutter section dredgers in Croatia. Containerships steps it up Finnish short-sea operator plans capacity boost in Baltic while increasing frequency. Mitsui funds shopping spree Japanese trader teams with broker and finance house to launch $300m Singapore fund that will buy six ships. New port for Indonesia Ireland's Dublin Port Co brought in to run facility on Sabang island in Aceh province. Bore orders ro-ro pair Finnish shipowner goes to Germany's Flensburger shipyard for two ships plus two options. Seaspan to issue stock Vancouver-based containership player is looking to raise funds to help pay for its latest newbuildings. Genco extends Beauty Cargill has agreed to take panamax from Peter Georgiopoulos' bulker outfit for another two years.

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APRIL 19, 2007
Indamex carriers adding Savannah Seaspan offering 5 million shares at $29.45 each American Commercial Line plans expansion in liquid bulk Cargolux posts 6.5% profit rise in 2006 CSX's 1st quarter profit drops 2% BNSF granted acreage to build Dallas intermodal facility Old Dominion Freight Line to buy Priority's assets Schenker's operating profit jumps 46% after BAX Global purchase Italy to expand investment in China, predicts trade official China official denies illegal timber trade links with Southeast Asia N.Y.-N.J. senators call for funding to fight beetle outbreak Freight Transport Association names new board IAS fills two management positions CBP stresses C-TPAT flexibility for brokers Davies Turner upgrading Morocco services Port of Antwerp makes strong start to year APM Terminals orders ZPMC container cranes LNG terminal proposed offshore of Long Beach port

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APRIL 19, 2007
WWF calls for ship waste ban in the Baltic WWF, the global conservation organization, is calling on shipping companies operating in the Baltic to protect the marine environment and ... Bourbon Dolphin enquiry postponed and moved The enquiry into the accident of the anchor handling tug supply vessel Bourbon Dolphin, which capsized and sank 75 nautical ... Unity Line success in Trelleborg ' orders new ro-pax ferries The move of some calls from Ystad to Trelleborg has quickly proved to be a success story for Unity Line ...

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APRIL 19, 2007
Work on new shipping channel facing fresh protests Dredging project could open new bunkering opportunities, but political and environmental objections growing. 'Weeks' before Sea Diamond fuel removal Fears grow of major oil spill the longer fuel recovery operation is put off. Bids invited to run oil storage facilites Maltese government to privatise what is left of fromer bunker supplier's business activities. Rotterdam market stable Regional pollution controls will 'harm' shipping IMO chief says SECAs should be decided only on the basis of 'compelling needs'. Singapore: Residual fuel stocks at 8-week high Arrival of April cargoes boosting stocks. OPEC members breaching production quotas, Iran says But Iranian oil minister says oil prices are stable and there is no need for the cartel to meet. Recycling gives used lubes value New tehnology could remove temptation to 'dump' used lubes in bunker fuel.