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Shipping News

A classic case of not in my shipyard
I HAVE a very strong hunch that the shipping community not only wants their cake, but they want to eat it too.
Efforts to promote S'pore as maritime arbitration centre
THE Singapore Chamber of Maritime Arbitration made its boldest move to date by holding a seminar last week at the very heart of maritime arbitration traditions - in London at the Baltic Exchange.
US$300m ADB loan to expand Colombo port
THE Asian Development Bank said yesterday it would help fund the expansion of the island's main port in Colombo with a US$300 million loan, one of a raft of government infrastructure projects.

Strait Talk

Don't panic, tell it as it is
WHEN the container ship MSC Napoli got into trouble in the English Channel back in January, there was, of course, massive media interest.

web site

Shipping News

A classic case of not in my shipyard
I HAVE a very strong hunch that the shipping community not only wants their cake, but they want to eat it too.
Efforts to promote S'pore as maritime arbitration centre
THE Singapore Chamber of Maritime Arbitration made its boldest move to date by holding a seminar last week at the very heart of maritime arbitration traditions - in London at the Baltic Exchange.
US$300m ADB loan to expand Colombo port
THE Asian Development Bank said yesterday it would help fund the expansion of the island's main port in Colombo with a US$300 million loan, one of a raft of government infrastructure projects.

Strait Talk

Don't panic, tell it as it is
WHEN the container ship MSC Napoli got into trouble in the English Channel back in January, there was, of course, massive media interest.

	web site

DP World completes disposal of controversial US assets Rates holding, overcapacity tales overblown, says OOIL's Sims US ports to handle higher volumes of container traffic in 2007: report Singapore Shipping Association slams Panama Canal fees Maersk starts Chennai-USEC container service New box scanners aim to promote efficiency at Colombo Volga-Dnepr buys five long-range Boeing aircraft Yangtze River Express starts service to New York and Boston China Southern Airlines Cargo grows Harbin operation Boeing 787 prepares for final assembly after roll-out of vertical fin

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Safmarine adds capacity & China calls to Safari service Bangladesh to privatise Chittagong port APL joins MSC, MOL on USEC-ECSA trade, scraps Nasa, Tango lines Cosco plans to acquire more crude, LNG carriers PSA to build, operate container terminal at Panama Canal mouth Germanischer Lloyd designs new Panamax boxship Panalpina posts excellent results in 2006 Zim orders two 10,000-TEU vessels Felixstowe sets handling record with CSCL vessel Flag vessel ordinance hampers flow of Pakistan trade Late Hanjin Chairman receives honorary POLB award XICT adds eight cranes to box operations Kuehne & Nagel Q4 profit surges MOL launches safety training sessions for ship operations China's biggest ports see volumes surge by 41 pc in Feb. ABG to launch pollution control vessel for Coast Guard Essar subsidiary scouting for second-hand PSVs Tanker rates seen rising further in April Shipbuilding boom by 2020 projected EU cracks the whip on maritime safety laws GE Shipping takes delivery of MR product tanker ...bags Rs 220-cr. MRPL crude transport deal Rise in palm oil imports seen DP World hosts launch of Maersk Line's MECL 2 service Banks spot lucrative business in maritime projects Centralised web-based PCS linking all Major Ports to be implemented Aqua Logistics air charters 1st flight to Nagpur Inflation up at 6.46 pc Commerce Ministry estimates Rs 21,632 cr. exports by 63 notified SEZs in 2006-07 Commerce Ministry seeks bigger corpus for Focus Product & Market schemes

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MARCH 20, 2007
V.Ships buy-out ICS seeks industry consensus on emissions Call for USCG to speed up tracking decision Knightsbridge fixes VLCC Drayton to head Baltic Frontline confirms options UK freezes light dues

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MARCH 20, 2007
Stolt-Nielsen delays results release Ship Finance in seismic vessel purchase and leaseback EC approves Thales-DCN move New bidder for Rochester fast ferry

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MARCH 20, 2007
New IPO marks Marinakis' return to Wall Street EVANGELOS Marinakis-led Capital Maritime set to take stake in new tanker company seeking $235m. Capital boosts ice-class programme with up to five STX tankers South Korean yards cash in on boxship comeback YARDS scoop up orders for containerships ranging from 4,300 teu to 13,000 teu. CMA 2007: Wiernicki beats drum for self-regulation NEW ABS president says lack of far-sighted leadership is the main reason desire to self-regulate is constantly under threat from politicians.

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MARCH 20, 2007
Deutsche Bank arm buys Maher MAHER Terminals, operator of the largest container facility in the Port of New York and New Jersey, has been sold to an arm of Deutsche Bank CVRD returns to deep-sea CVRD, the Brazilian mining, logistics and shipping company, is preparing to re-enter deep-sea trades after having sold off all its bulk vessels six years ago Dingle takes Chamber presidency NEW UK Chamber of Shipping president David Dingle has called on the UK government to work with the maritime industry to ensure its future growth and stability TUI doubt over AIDA venture Color weakens as competition grows CBP flags up scan pilot projects 17 feared drowned after bulker sinks Bunkers spilled as tanker grounds Transchart role divides ministries Essar Shipping de-listing fails Crowley moves to private ownership Bulkers damaged in S Af gales Titan to restore American Pride

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MARCH 20, 2007
Deutsche Bank buys Maher Terminals In latest port infrastructure deal, brothers Brian (left) and Basil Maher sell largest container terminal operator in Port of New York-New Jersey. NY-NJ PA Chief: Maher deal no surprise Lockheed forms TWIC panel, sets fees Record year for NY-NJ port Philadelphia to unveil plans for container hub Export boxes boost Pacific Northwest ports Deutsche Post: DHL to break even in U.S. in 2009 New cranes for Charleston Delay for CN contract vote SCI to add 16 vessels Forth Ports profit slides India plans cargo airports

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MARCH 20, 2007
Maher Terminals sold to infrastructure investor Maher Terminals, the New Jersey-based business originally offered to a minority strategic investor in late 2005, has been sold to the infrastructure arm of Deutsche Bank's investment management unit RREEF. Durban callers counting the cost of extreme-weather closure Customers of Africa's busiest port of Durban are counting the cost of the port's being out of operation since midnight Sunday, with gale force winds and huge swells pounding the coastline. Foreign carriers under investigation over China cabotage China's Ministry of Communications said it had discovered evidence of foreign carriers providing domestic shipping services, in violation of the law. Gwadar Port starts operations Kees Marges to break ice in Rotterdam harbour strike DPWN seafreight and forwarding business swell, after Exel integration Liverpool terminal plans for post-Panamax future approved Samudera, EP Carriers and JA Vesta to start Singapore-Chittagong shuttle Busan old port operator sees net profit dive 45% Brazilian private sector loads up on government initiatives Modern Terminals and Dalian Port target two berths in Dayao Bay by 2010

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MARCH 20, 2007
CMA open for business See how the US shipping industry is riding high as new cash pours in with TradeWinds' exclusive webTV reports. Governments shun Aker sell-off Norwegian and Finnish state investment companies did not take part in shipyard group's share sale. Marinakis IPO lives again Evangelos Marinakis's Capital Maritime is offering $284m worth of shares in a new products-tanker owning vehicle. Crew cry foul in Belfast Rotten food onboard Panama-flagged bulker and claims of non-payment to crew has ITF smelling something fishy. Yang Ming readies big order Taiwanese owner could soon sign for up to five 8,200-teu boxships, plus two 6,500-teu vessels. Taiwan Navigation falls Bulker owner sees profit dwindle by 12% in 2006 as revenues decline. Jones Act attack This year's Connecticut Maritime Association (CMA) annual conference got off to a lively start. Cosco Corp wins ESV order Singapore-listed company's Nantong yard to build $124m elevating-support ship for Norway's Remedial. SFI in seismic buy Fredriksen company eyes offshore sector growth with purchase of newbuilding trio being built at ABG India. Euroferries kicked into touch US city of Rochester finally rejects UK offer for ferry, as other buyers emerge. Oil spill hits Italian coast Clean-up effort hampered by bad weather as Panama-flagged tanker spills nine tonnes of fuel oil off Tuscany. Bonds for Brostrom Swedish tanker owner adds another string to financing bow with SEK 500m notes issue. Lloyd Fonds pairs with Deutsche German KG firm teaming up with domestic bank again for its largest ever containership fund. TEN adds aframaxes US-listed Tsakos tanker company has added a couple of extra ships to its order tally at Sumitomo. Tallink turns it up Estonian owner's passenger and cargo volumes continue to rise in second quarter, thanks to organic growth and purchase of Silja Line. Neptune orders at HMD Greek car carrier owner goes to South Korean shipbuilder for new generation of six ships. Frontline takes options Two suezmax options firmed up at Rongsheng of China with a further two options remaining. Genco gets more Peter Georgiopoulos dry bulk vehicle to earn more money from lengthened Lauritzen charters. South African ports shut Storms force closure of big coal port of Richards Bay for third day, plus Durban and East London. Knightsbridge takes cover Frontline-managed VLCC operator opts for period over spot for Mayfair in face of uncertain market.

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MARCH 20, 2007
Hapag Lloyd parent reports shipping loss Crowley going private after lawsuit settlement Exponent buys into V. Holdings U.K. to use containers as temporary jails FedEx Express to offer next-day service in China Business groups make case for national intermodal plan, funding EGL accepts Crane's $1.7 billion takeover bid Emmett becomes Texas judge Sun Chemical Europe contracts Kuehne + Nagel Transworld launches commercial GPS tracking device F.S. Mackenzie creates Spanish subsidiary Deutsche Bank buying Maher Terminals DP World completes terminal sale Shoreside infrastructure a growing focus for MarAd ADB to fund development of Colombo port India to introduce nationwide port Internet system Panama Canal Authority names Ng deputy administrator

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MARCH 20, 2007
Stena Line in world's largest ship extension The Stena Hollandica grows from 188 metres to 240 metres in one day. On Lloyds Werft in Bremerhaven the aft ... Fewer oil spills in Swedish waters The Swedish Coast Guard detected 269 oil spills in Swedish waters last year, down by 44 compared to the year ... Class boss slams shipowners Tanker and bulk carrier owners were ticked off when the ABS president Christopher Wiernicki spoke to the Connecticut Maritime Association ...

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MARCH 20, 2007
California SECA mooted for 2010 State proposing main engine fuel rules based on local regulations already in place. Rotterdam: Smit strike continues US army seeks tanker for bunker transport More than 20,000 mt of 380 cst bunker fuel to be transported from Singapore to Guam. Oiltanking builds first Indonesia oil storage Deregulated oil industry spurs company to build first ever independent terminal. Japan: Tight supply reduces bonded bunker exports January bonded bunker exports fell 14.6% year-on-year. CO2 pollution could rise on low-sulphur refining Global pollution levels could increase on attempts to cut sulphur emissions from ships, industry source warning.