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Shipping News

Shipping body looks ahead as its ranks swell
AS it celebrates its 22nd anniversary tonight, the Singapore Shipping Association (SSA) has something to cheer about - a record 14 per cent rise in membership to 312 members in the past year.
China Merchants to expand into resource ports
Port operator China Merchants Holdings (International) Co Ltd, which posted a 26 per cent rise in first half earnings on Wednesday, plans to focus more on resource and energy-related bulk cargo terminals in coming years, hoping to ride a Chinese-driven global trade boom.
Sinotrans shipping unit planning US$1.3b Nov listing
Chinese logistics giant Sinotrans (Group) Co's resources shipping unit plans to raise more than US$1.3 billion in a November IPO here, taking advantage of a global shipping boom, sources said yesterday.

Admiralty Casebook

Call for code of practice on loading of hazardous cargo
THE UK's Marine Accident Investigation Branch (MAIB) has called on the International Chamber of Shipping to develop a code of practice for the container shipping industry to ensure the safe loading and securing of containers.

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Shipping News

Shipping body looks ahead as its ranks swell
AS it celebrates its 22nd anniversary tonight, the Singapore Shipping Association (SSA) has something to cheer about - a record 14 per cent rise in membership to 312 members in the past year.
China Merchants to expand into resource ports
Port operator China Merchants Holdings (International) Co Ltd, which posted a 26 per cent rise in first half earnings on Wednesday, plans to focus more on resource and energy-related bulk cargo terminals in coming years, hoping to ride a Chinese-driven global trade boom.
Sinotrans shipping unit planning US$1.3b Nov listing
Chinese logistics giant Sinotrans (Group) Co's resources shipping unit plans to raise more than US$1.3 billion in a November IPO here, taking advantage of a global shipping boom, sources said yesterday.

Admiralty Casebook

Call for code of practice on loading of hazardous cargo
THE UK's Marine Accident Investigation Branch (MAIB) has called on the International Chamber of Shipping to develop a code of practice for the container shipping industry to ensure the safe loading and securing of containers.

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CCNI starts North China-Chennai service Ningbo Daxie port area box volume roars 219pc in first eight months China will increase cold chain logistics in agriculture: NDRC "K" Line installs hybrid transfer crane at Yokohama CT Hefei plans three logistics projects to operate next year Wuhan Steel signs transport and vessel-lease contracts with Zodiac Maersk resets Asia-Red Sea service, drops Malaysia from FM5 Geodis forms alliance with Xpedx to expand global reach Germany and Deutsche Post face new EU anti-competition probe Mundra Port & SEZ asked to convert bonds into equity Airfreight volumes at HKIA rise by 10.5pc in August Qantas kick off green programme with Fly Carbon Neutral Day Hacis receives Greater PRD Partnership Project Award

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Flamar-OXL's project cargo service scaling heights of success Sethu channel realignment & delay to jack up project costs by 20-30 pc Capesize bulk carrier rates continue rising Seamax Logistics commences operations from Chennai regional office State govt may export 2 m. tonnes of sugar Spices gain flavour in markets abroad Bangla's apparels to help narrow trade gap with India Russia to resume importing Indian sesame seeds With record cane harvest, Chinese prefer Indian sugar! Exim Bank extends $ 100 m LoC to Nepal Rehabilitate people, then develop shipyards, Bengal tells bidders Kandla Port blazing ahead Rlys hauls in 9.85 pc more freight revenue in April-Aug. Road freight, warehousing in urgent need of skilled manpower, stresses KPMG-CII report CONCOR presents dividend cheque of Rs 45.10 cr. to Railway Minister Scope to extend service tax waivers for exporters under scrutiny CII means business with Gujarat tribals! BoA defers Reliance's plan to include co-developers in SEZ projects

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Gulftainer signs strategic agreement with Lanco Infratech Launch of a new freight airline Lufthansa to order 41 new Airbus aircraft Gefco Germany quitting general cargo business Stef-TFE boosts 2007 interim turnover CMNI to apply in Germany from 1 November New truck tax in France?

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SEPTEMBER 20, 2007
IBIA reaffirms multiple solution approach to emissions control Napoli helps boost Braemar CKYH to call at Prince Rupert Höegh LNG to go ahead with FPSO Schat-Harding buys independent service firm

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SEPTEMBER 20, 2007
Carnival reports record earnings K-Sea inks LOI for 185,000 bbl ATB Boston Ship Repair starts Philadelphia operation

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SEPTEMBER 20, 2007
Tug taking on water grounded in Columbia River Second pair of trucks cross US/Mexico border Anacortes motorcycle event bringing heavy traffic to area IMO adopts convention banning anti-fouling paints Crowley names recipient of memorial scholarship

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SEPTEMBER 20, 2007
APM Terminals in fix over Vietnam road blunder ACCESS road and bridge to Cai Mep port will only be completed two years after terminal is built. Vietnam urged to develop port hubs FFA returns accurate says Baltic BALTIC Exchange and FFA users deny brokers are double-counting the returns they must make to the Baltic for publication. Distillates switch 'could cost billions' REPORT warns switch from bunkers to distillates could cost shipping $67bn over next five years. Greek owners come out of the FFA shadows WITH freight rates now hitting record highs on the dry cargo market, Greece's shipowners are joining the FFA party. Fouling up the barnacles WE should celebrate the development of biocide-free paints, which keep the barnacles at bay.

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SEPTEMBER 20, 2007
At least five dead in Curaçao yard blast At least five people died today after an explosion aboard the India-flagged diving support vessel Seamec II in Curaçao's drydock Lanka owners rebel against port fee SRI Lankan ship owners are threatening to leave the local registry and flag out unless a dispute with Customs over a ship import charge is resolved without further delay Dream could have been nightmare ARREST arrants have been issued for five people citing criminal charges after a potentially lethal safety flaw was found on the cruise ship Dream in Rhodes Cruise fuel surcharges 'on the table' CARNIVAL Corporation's North American brands are considering levying fuel surcharges, but no final decision has been made LNG clients snap up DubHub CUSTOMERS of Dubai's massive new LNG storage tanks may sign up 80% of the storage space this year, local media reports claim Carnival: No economic fallout yet CARNIVAL executives have not seen any impact from the recent US economic downturn and believe the group should ride out future financial turbulence Ships 'hit hotel takings' in Brazil Ship deliveries buoy Carnival CalMac wins lifeline back Dry bulk records tumble again Sinotrans plans IPO to expand fleet Braemar set for record first half State shipbuilder dead in the water Malaysia needs new trade tack What do we do with the naked sailor? USCG pledges safety improvements

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SEPTEMBER 20, 2007
Port authority: No boxes at Bayonne site Port Authority of New York-New Jersey rules out containers in buy of former Military Ocean Terminal at Bayonne, N.J. Savannah getting ready for Panama Canal expansion Port Everglades, Xiamen in pact TSA publishes technical data for TWIC readers Vietnam, India infrastructure will limit growth CKYH to call Prince Rupert FedEx cuts outlook APM to build Phase 2 of Suez terminal NYK unit adds China flights OceanFreight buying bulker Menlo opens Europe hub

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SEPTEMBER 20, 2007
IRA to raise rates RailRunner technology to be used by NSRI Terminals face congestion crisis Bollore group's SDV acquires US forwarder CKYH Alliance add Prince Rupert to schedule

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SEPTEMBER 20, 2007
Canadian gets buyout bid New consortium offers $168m for Oceanex shipping line. New ships boost Carnival Cruise company beats expectations with a 12% earnings increase on the strength of new ships in North America and Europe. 'Dream' charges Officers charged after cruiseship listed off Rhodes, forcing evacuation of 900 passengers. Greeks get cultural boost New shipping minister is one of nine changes following conservative's narrow election win. Hong Kong IPO for Sinotrans State-owned firm to go public in light of growing dry-bulk market. Palmali plans shipyard Turkish tanker owner buys land for new chemical carrier facility. PV Trans readies share sale PetroVietnam's shipping arm plots new stock issue to pay for ambitious fleet expansion. SCI forms JVs Indian shipping giant lines up partnerships for shipbuilding, box terminals, dredging and offshore services. K-Sea issues shares As the operator issues 3 million shares, it announces plans to build a new tug-barge. Posco tightens defences Steel giant has moved against a possible take-over by targeting friendly investors once more. Blue Lady in green twist Greens will challenge Supreme Court decision in latest chapter of Norwegian cruiseship saga. Fredriksen 'not kicked out' at Chelsea Norwegian shipowner and Tor Olav Troim moved to "better seats" during Champions League match. New Stars Star Reefers buys Star Solent and Star Southampton from Orient Marine for $60m en bloc. HHI to build parts plant Initial agreement with Kunsan authorities signed for ship blocks factory to open in May 2008. The floodgates are closed Japanese yards IHI and Mitsubishi told to stop making flood barriers after breaking bidding rules. Pankar makes bulker profit Greek owner sells 1981-built unit for nearly $6m more than it paid for it 11 years ago. Smugglers make a hash of it Police in Guyana complete $24m drugs haul following tip-off from crew member. Braemar looking up London shipbroker expects six-month profit to beat last year's figure of £6m. TTA manages to sell bonds Thai bulker owner raises $170m a month after pulling issue in turbulent financial climate. SK scoops bond cash South Korean owner's European unit raises $50m for overseas expansion. Funds buy into Pipavav Cash rolls in for new giant Indian shipbuilder, as five US investors seal pre-IPO share deals. Ezra orders at Karmsund Singapore vessel operator books deepwater multi-functional support vessel at Norwegian yard. Fredriksen tops the lot Norwegian financial magazine reckons tanker owner is twice as rich as his nearest compatriot.

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SEPTEMBER 20, 2007
CKYH Alliance adds Prince Rupert to PNW service PIL, Wan Hai to start fortnightly Asia/Black Sea service Report: Middle East, South Asia set for sustained box growth Specialized reefer fleet shrinking says report OSG adds four Suezmax ships to fleet OceanFreight buys 9th ship Rand acquiring bulk carriers Lufthansa, DHL air cargo venture set for 2009 take off Panalpina suspends some Nigeria services U.S. trucking market acts as drag on FedEx earnings DOT certifies 2nd Mexican, U.S. truck firms for cross-border program FTC approves Berkshire stake increase in BNSF Great Lakes iron ore volumes down nearly 7% Knight Transportation headquarters saved from fire YRC Regional names Lovetro COO GAO: DHS cooks performance results for new radiation detectors Study: China to capture largest share of 2007 global RFID market USDA allows imports of South Africa, Uruguay blueberries NRF: Economy fears will dent holiday sales growth Chinese shrimp producer exempted from FDA seafood ban Drewry study finds more investment in terminals needed Suez Canal box terminal to double size China ports' TEUs up 22% in August Port of Oakland deploys GE container security system

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SEPTEMBER 20, 2007
WW move to Sweden an option Sweden is clearly one of several options should Wilh. Wilhelmsen decide to move its headquarters out of Norway. A spokeswoman ... Lauritzen orders more bulk-tonnage Lauritzen Bulkers has signed up with Japanese shipbuilder Kanasashi Heavy Industries for a pair of open-hatch bulkers for delivery ... Intertanko criticizes EU Intertanko has officially made a complaint concerning SECA. The organisation writes in a press release that: "confusion reigns over EU ...

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SEPTEMBER 20, 2007
Shell refinery back in operation But restart taking 96 hours until full production resuming, keeping supplies tight. Silicone coating fuel savings confirmed ULCC achieves 8% fuel reduction, large container ships could cut annual CO2 emissions by nearly 25,000 mt. South Africa to upgrade its ports Infrastructure projects could boost bunker demand. Durban bunker operations continuing as normal Three berths remain closed after this week's explosion and fire at storage terminal. UK ship broker drops bunker trading Braemar Shipping Services reports strong first half results. Bunker industry association 'stagnating' IBIA members back calls for structural change as association looks for 'clear focus'. Rotterdam: Many suppliers fully booked till Sunday Singapore: Residual fuel stocks at 15-week high High bunker fuel prices have slowed demand for residual fuel. Busan plans cold ironing facility South Korea's largest bunkering port to install cold ironing system at eight berths. Dalian port suspends traffic Chimbusco says bunker deliveries subject to weather conditions.