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Shipping News

China Shipping to raise up to US$2.4b in Shanghai share sale
China Shipping Container Lines Co, Asia's second-largest cargo-box carrier, may raise as much as US$2.4 billion selling shares in Shanghai to buy ships as the country's booming exports fuel sea-freight traffic.
Newcastle coal port capacity may be based on rail contracts
Xstrata plc and rival coal producers using Australia's Newcastle port may get allocations for 2008 export capacity based on their rail transportation contracts after failing to agree on a method of sharing capacity.
STX plunges as six execs are indicted
STX Shipbuilding Co, the world's fifth-largest shipyard, plunged in Seoul trading after six executives at a unit were indicted for allegedly stealing technology from a rival.

Strait Talk

Hard to not take pilot's lead
TWO hundred tonnes of bunker oil does not constitute a big oil spill, one would have thought. But a lot depends on where fate chooses to let such a relatively small amount of this lifeblood of modern civilisation leak into the environment.

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Shipping News

China Shipping to raise up to US$2.4b in Shanghai share sale
China Shipping Container Lines Co, Asia's second-largest cargo-box carrier, may raise as much as US$2.4 billion selling shares in Shanghai to buy ships as the country's booming exports fuel sea-freight traffic.
Newcastle coal port capacity may be based on rail contracts
Xstrata plc and rival coal producers using Australia's Newcastle port may get allocations for 2008 export capacity based on their rail transportation contracts after failing to agree on a method of sharing capacity.
STX plunges as six execs are indicted
STX Shipbuilding Co, the world's fifth-largest shipyard, plunged in Seoul trading after six executives at a unit were indicted for allegedly stealing technology from a rival.

Strait Talk

Hard to not take pilot's lead
TWO hundred tonnes of bunker oil does not constitute a big oil spill, one would have thought. But a lot depends on where fate chooses to let such a relatively small amount of this lifeblood of modern civilisation leak into the environment.

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MOL, 'K' Line add Qingdao to Asia-Mexico, South America service BIFA blasts Far Eastern Freight Conference congestion surcharge Maersk Line named best container shipping line of 2007 Sinotrans Shipping Hong Kong IPO expected to raise US$1.4 billion IMO states concern, but rejects 'ocean fertilisation' scheme as too risky Fesco sees challenges as opportunities in Russia's container market Asean exports to China rise, but intra-Asean trade falls: study NVOCC GGL Line launches direct Singapore-Bangalore service JNPT to invest US$1.78 billion in the Indian box port's infrastructure New carrier Northeast Airlines' first flight takes off from Shenyang to Harbin United Airlines to launch Guangzhou-San Francisco daily service next June Weak airfreight, restructuring costs shrink BALtrans profit 45pc

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INTTRA ACT SI introduced to help shippers to manage instructions via web for improved work flow India-China trade to cross $ 50 bn by 2010'envoy 8 respond to wheat import tender Investments in Egypt to touch $ 1.5 bn-CII Vigilance Awareness Week observed at JN Port Ship carrying palm oil arrives at Cochin Port VPT chief confident of retaining numero uno status MICT sets yet another gross crane rate record Mormugao Port handles record cargo traffic India Inc told to gear up for further rupee appreciation Govt to set up investment regions for textile sector Direct tax collections surge 42.9 pc Employees biggest contributors to Indian exchequer-Report Centre to shortly notify Navi Mumbai SEZ

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New MD for Aviapartner subsidiary Evergreen to provide new South East Asia-Australia service AirBridge Cargo takes delivery of first B747-400ER freighter Qatar Airways evaluates use of synthetic jet fuels P&O Ferrymasters partnering Callitsis Greece DHL Switzerland complies with ISO and SQAS standards Czechia/Slovakia: transport ministers want a single company Egypt to host 3rd Trans Middle East 2007 conference

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NOVEMBER 20, 2007
GL launches C02 Index UK shippers' anger at FEFC surcharge New warnings on size of orderbook Horizon Lines lowers expectations

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NOVEMBER 20, 2007
Court of Justice ruling delivers blow to shipping INTERTANKO-led coalition lose first round of legal battle to overturn EU ship-source pollution directive. EU forced into rethink of sanctions for polluters Bahamas shipyard lands record $50m contract YARD wins contract to repair Dockwise vessel Mighty Servant 3 that sank off Angola last year. Acquisition-hungry GL readies war chest CLASSIFICATION society prepared to lavish huge sums of money on acquisitions as it extends range of services. Russia broadens its gas horizons PLANS to seize a larger share of Western markets depend on key offshore infrastructure projects going ahead. Signs of urgency THE current political climate on climate change requires the maritime industry to act willingly and with alacrity.

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NOVEMBER 20, 2007
EU Pollution directive dented INTERTANKO'S challenge to the EU's Ship Source Pollution Directive has achieved a very limited success ICC predicts economic downturn THE global economy is expected to lose momentum in all major regions during the last quarter of the year, according to the latest ICC/Ifo World Economic Survey EU threat to Croatian yards THE Croatian shipbuilding industry is under threat of significant change because of the high level of subsidy it receives, according to a Bloomberg report Russia bans ships in Sea of Azov A BAN has been ordered on movement into the Sea of Azov or Black Sea of dry-cargo vessels of the type that foundered and sank on November 11 India rice ban benefits Thailand THAILAND is eyeing an export opportunity now that its main rival India has scaled back on shipments of rice to Africa Philippines wants half of newbuilds Aker adds JP Morgan to advisors Extortion claimed as breaker vanishes Fuel cost shock from revised MARPOL Fuel storm darkens Horizon Monster ferry to munch up La Manche Precious seeks loans for new ships Fuel cost to force design changes Woodside in Taiwan LNG deal GL armed for billion-euro takeovers

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NOVEMBER 20, 2007
"K" Line files complaint with FMC Japan's largest ocean carrier alleges it was required to make "royalty payments" and "association dues" to two shipper associations. Global economic slowdown seen in short term Teamsters ratify UPS pact U.S. ranchers resist easing of Canadian beef ban NAFTA trade sets record DHS says Customs improperly awarded contract Construction progresses at MOL/TraPac Jaxport terminal Cargolux adds second gateway in Kazakhstan DP World expands IPO More TWIC sites added Horizon Lines trims guidance

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NOVEMBER 20, 2007
LMIU publishes latest Bunker News directory GL recommends slower speed again BIFA slates FEFC CSCL becomes number fifteen for TSA K Line and MOL upgrade 'Andes' and 'CWL' services

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NOVEMBER 20, 2007
Intertanko still standing Peter Swift pledges to fight on despite adverse legal opinion on ship source pollution. K Line takes on shippers In a bid to block arbitration, US Federal Maritime Commission complaint alleges fashion shippers group violates Shipping Law. EC claims round one? Shipping's hopes of overturning the European directive on ship-source pollution dented by top court advisor. Shipyard owner sued Shipyard owner faces a racketeering lawsuit after a connected shipbreaker disappears from the Baltimore yard. Aker considers 'strategic options' Oslo-listed yard brings in JP Morgan as a financial advisor as it mulls its future in the wake of STX deal. Cruiseship jumper found The body of a Dutch woman who disappeared from a Discovery Cruise Lines ship at the weekend has been found in Florida. Ampal seals Gadot deal Israeli investment vehicle splashes $88.5m for controlling stake in compatriot chemical tanker owner. Canada rounds up seven Teekay aframax among ships which failed port state safety checks during October. Armada v Armada Danish Bulker and tanker operator sues California shipmanager for trading with the same name. Sun Cat hits pylon Australian owner Sunferries' ship loses power off Magnetic Island, damaging hull. AMSA under fire Safety bureau feeling the heat after allowing a leaking boxship to pass through the Great Barrier Reef. Second chance for Servant Grand Bahama yard to "reinstate" Dockwise vessel that sank off Angola last year. Asbestos tests for ferry workers Canada's Atlantic Marine agrees to checks after toxic material found on board Atlantic Freighter. Hamworthy up again UK gas carrier systems maker pushes up profits as revenues jump in first six months. Fuel dampens Horizon US-flag boxship owner slashes earnings projections as the company feels the sting of rising bunker costs. Pool prescription Aon diagnoses deductible disease as chronic ailment of P&I market. Fredriksen thwarted in tax battle Tanker owner's Geveran loses compensation claim against Norway for late repayment of cash owed. Woori plans $300m fund South Korean bank launches newbuilding fund which could bring annual returns of 17.5%. Power to the yard people South Korea moots idea of supplying electricity for new joint shipyard in the North.

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NOVEMBER 20, 2007
China Shipping to join TSA BIFA takes swing at FEFC Horizon Lines downgrades expectations for 4th quarter, year NWA Cargo's fuel surcharge to increase Kjartansson, long-time air cargo executive, dies Congress to vote on cross-border truck plan de-funding House lawmakers seek answers on CSDs, GTX Secure Freight pilot analyzes scan-all impact White House review of "10+2" said to move forward Report: Global contract logistics market grew 10% in 2006 Ficker steps down as NIT League chief Rangel seeks ITC help on Caribbean trade USDA issues final rule of Florida citrus Counterfeit clothing ring busted White House homeland security advisor resigns C-TPAT conference scheduled for New Orleans DP World increases size of stock offering Spain's Dragados to enter U.S. port market in Port Freeport, Texas Longview port looking to complete grain project Montreal plans 5% tariff increases ICTSI names Gonzalez named VP, general manager for Manila terminal

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NOVEMBER 20, 2007
Manning crisis for anchor handlers An acute manning crisis is developing for the 50 new anchor handling vessels due from the yards to Norwegian owners in the next two years. 100 complete crews are required to man these vessels. Norwegian owners are currently operating around ... Fund raisin for new ferry for Bornholm-Poland service Bornholm-based NeKo Seaways is in the process of raising fund for the building of a new ferry for the service between Nexø and Kolobrzeg in Poland. The new company is not only working with professional investors, but are also ... The EU attacks IMO The European Commission attacks IMO (International Maritime Organization) ' according to Commission vice president Margot Wallstr'm the organisation needs to do more to fight climate change. ' I think they are lagging behind and the have not been very helpful, she said ...

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NOVEMBER 20, 2007
Rotterdam fuel oil barges close sharply higher Crude rally pushes prices up during closing trade. O.W. Bunker orders two new tankers Company pushing ahead with its growth strategy. Tankers to get Kerch Strait priority Russia and Ukraine agree on temporary regulations for ship passage through the Kerch Strait. Clean-up continues in Kerch Strait Costs mounting in wake of major fuel oil spill, more than 8,000 tonnes of oily waste recovered. US worries hit container shipping lines Share prices dip as concerns grow about a slowdown in the US economy. ARA market stays firm Singapore: Buyers grab bunkers Buyers resurfaced after recent bull run ran out of steam. Storms shut Romanian ports Another two vessels collide in the Kerch Strait.