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Maersk's Lindo may sell German shipyard
(COPENHAGEN) AP Moller-Maersk A/S's Lindo division, which builds the world's largest container vessels, may sell its German shipyard to a local competitor to help meet cost-saving targets and return to profit.
Daewoo shipyard profit more than doubles in May
(HONG KONG) Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, said profit last month more than doubled as the company built more vessels at higher prices.
Aussie coal export terminal reopens
(SYDNEY) Australia's Newcastle port, the world's biggest coal export terminal, reopened yesterday after closing a day earlier due to heavy seas, a port official said.
Hyundai Heavy bags tanker job

Admiralty Casebook

Wage payment is maritime activity
A FIGHT on a ship between a seaman and his former employer over unpaid wages can give rise to admiralty jurisdiction, a US appeals court ruled recently, setting aside a lower court decision that the dispute had no connection to any maritime activity.

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Shipping News

Maersk's Lindo may sell German shipyard
(COPENHAGEN) AP Moller-Maersk A/S's Lindo division, which builds the world's largest container vessels, may sell its German shipyard to a local competitor to help meet cost-saving targets and return to profit.
Daewoo shipyard profit more than doubles in May
(HONG KONG) Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, said profit last month more than doubled as the company built more vessels at higher prices.
Aussie coal export terminal reopens
(SYDNEY) Australia's Newcastle port, the world's biggest coal export terminal, reopened yesterday after closing a day earlier due to heavy seas, a port official said.
Hyundai Heavy bags tanker job

Admiralty Casebook

Wage payment is maritime activity
A FIGHT on a ship between a seaman and his former employer over unpaid wages can give rise to admiralty jurisdiction, a US appeals court ruled recently, setting aside a lower court decision that the dispute had no connection to any maritime activity.

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HK box throughput shrinks, Guangzhou gains on Shenzhen Region's governors plan massive upgrade of Pearl River Delta logistics Qingdao market lacking in container handling gear Kuehne + Nagel wins Siemens' logistics contract in China Canada to merge Vancouver area port authorities Mombasa port users face surcharge for late container collection Port of Wilmington welcomes new Hanjin service China's airline see cargo volumes, passenger numbers rise in May GE Commercial Aviation Services orders six 777s European agency grounds Bulgarian air cargo carriers

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India ready to help protect Malacca Strait from pirates Sethu dredging to end by Dec. 2008-Baalu Athena now offers Container All Risks Policy Maersk Line acknowledged shipping Line of year 2007 Oil Minister may sign Iran-Pak-India gas pipeline pact in July EU to import addl 6,000 tonnes of raw sugar from India Twinkle in diamond industry's eye Task force calculates Rs 57,452 cr. investment for Major Ports' capacity addition in XI plan Lock gate at HDC holds key to improved ship operations "K" Line's m.v. Tower Bridge makes maiden call at MICT as part of new CSG service Indian carriers projected to take bigger slice of airfreight pie Worlds Window Infrastructure & Logistics highlights ICD-Loni's facilities at trade meet TNT launches fastest express service Foreign Trade Policy Analysis - 5 - By M. Sreedharan

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JUNE 21, 2007
Betuwe line officially opened Ceva Logistics Italia wins Pearson contract

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JUNE 21, 2007
"Tackle port congestion!": APL Braemar Seascope's "good Q1" Hawaii Superferry Alakai in service Siba Ships' profit surge

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JUNE 21, 2007
Transocean back at Daewoo for fourth drillship newbuild EDGB wins ONGC stim ship contract

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JUNE 21, 2007
Port of Everett marina celebrates opening today Commercial trucks entering US must now use e-Manifest system Jetboats will showcase facilities at Port of Vancouver, USA Firms come together for WSF ferry proposal Coast Guard invites feedback on Merchant Mariner programs

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JUNE 21, 2007
Louis to battle Sea Diamond fine CRUISE line dismayed by a move to slap it with an "unfair and unfounded" € 1.2m fine for Sea Diamond pollution. Warrants issued over Sea Diamond sinking as passengers file lawsuit Order relief for Lindø shipyard DANISH yard thrown a lifeline with a contract to build six ro-ro vessels. Finance experts predict slow deflation for charter markets A SLOW deflation rather than a sudden bursting is how the current "bubble" in charter markets and ship values will meet its demise.

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JUNE 21, 2007
Cosco IPO raises $2Bn Cosco's 100 times-oversubscribed Shanghai IPO is reported to have raked in Rmb15Bn ($2Bn) Princess' Ratcliffe to retire at 60 P&O Princess Cruises chief executive officer Peter Ratcliffe has confirmed his retirement effective 6 March 2008, prompting two top executive shifts at Carnival Corp Dividend players in spotlight DIVIDEND-focused public companies are attracting higher investor interest, but the model has yet to be tested by a downturn, said Marine Money speakers Tanker 'correction' anticipated MOST analysts and executives at the Marine Money conference believe drybulk rates will remain robust, but they think tanker asset values are due for a correction Lack of tonnage leaves defence at risk THERE is no longer enough UK-flagged tonnage to support a military campaign such as the 1982 Falklands war, UK maritime officers' union Nautilus UK is warning Vietnamese tanker drags anchor A small Vietnamese tanker dragged its anchor in a river near Ho Chi Minh City on Tuesday and hit another vessel Oceania finalises newbuildings Texas court imposes OSG fine Louis-Dreyfus steps up at ECSA Cruising gets pass on passports Tanjung Priok corruption to be tackled Venezuela rolls back reform Manning is key to fighting piracy

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JUNE 21, 2007
Cosco raises $2 billion in Shanghai IPO The Hong Kong-listed carrier will spend billions from latest share offering to add 12 container ships to its fleet. Canadian truckers praise delay of passport rule U.S., Vietnam sign trade and investment accord Canada pol: West Coast ports should ally NYK to liquidate vessel-owning subsidiary Maersk shipyard eyes ro-ro order OOCL appoints Turkey agent New India box terminal proposed Bulker stranded off Newcastle CN orders locomotives Airbus wins India freighter order

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JUNE 21, 2007
APL to test new 'cold ironing' system Port Klang approach channel deepened to facilitate mega-containerships ICG's Eucon start new Liverpool ' Antwerp feeder service

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JUNE 21, 2007
Diana ties up panamax Simeon Palios's Diana Shipping Inc has locked a panamax into $23.5m in revenues. Eimskip improves Stronger first half operating figure for Icelandic owner, but finance costs continue to drag it into the red. Great Eastern buys Stemnitsa Indian owner snaps up Minerva suezmax that caused stir after struggling through ice in the Baltic in 2004. Epic orders go on Epic Shipping signs for a sextet of ro-ros at Maersk's Danish yard after earlier three-ship order in Italy. Multraship makes it a double Dutch salvage and towage company buys two tugs being built in Turkey. PGS buys EM pioneer Norwegian owner builds energy exploration division with deal for electromagnetic search start-up MTEM. Sheth buys out Sheths Great Offshore chief Vijay Sheth agrees deal for uncle's and cousins' 14% stake in company. Wilson Sons to build nine Brazilian development bank provides cash for support ships and tugs ordered by domestic company's subsidiary. CSAV expecting better Loss-making Chilean boxship owner's chief Juan Antonio Alvarez says rates and volumes are rising in 2007. One dead on NCL ship Twenty-two-year-old tourist falls to his death onboard Norwegian Cruise line vessel in Bermuda. Siba beefs up Italian livestock-carrier owner sees annual turnover rocket as it milks soaring dry-cargo market. PUM lands AHTS quartet Swire Pacific Offshore's order for four units at Singapore's Pan-United Marine finally confirmed. OSG's $10m fine confirmed Final part of US tanker owner's $37m penalty for oil dumping handed down in Texas court. L&T seals BigLift deal Indian shipbuilding newcomer bags another Dutch contract for heavy-lift vessels. Hegemann sniffs round Stralsund Yard group still fancies AP Moller-Maersk-owned German shipbuilder. Fredriksen ups Sapura stake Share price heading north as SeaDrill continues to build holding in Malaysian drilling contractor.

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JUNE 21, 2007
OSG sentenced in pollution case Russian tanker companies merge Maersk's Odense Steel Shipyard gets Epic order Maersk adding Chile call, dropping Zeebrugge from Andean loop Finnlines names Antson as president, CEO OOCL names Vestamar as Turkish agent Intermarine's Schmidt moves to Shanghai office Crowley promotes Taylor to VP of bulk unit Boeing to front costs for extended C-17 parts production International Lease Finance orders 50 Boeing 787 Jackson: Congress may have to break stalemate on mandatory AES Commerce releases China export control regulation USDA permits imports of six fruits from Thailand Third U.S. beef shipment sent to South Korea by mistake Target Logistics Services partners with Canadian firm Kuehne + Nagel managing second DC for Danone in Poland Penn State offers online supply chain degree SEKO expands into Turkey Maher installs Kalmar system POMTOC completes terminal upgrade

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JUNE 21, 2007
Giant Russian shipowning company created Russia's presiden Vladimir Putin has told the md of Sovcomflot Sergey Frank that he has signed the documents needed to ... Torm launches an incentive scheme for employees D/S Torm has launched an incentive scheme for employees for the financial years of 2007, 2008 and 2009. During ... Maersk Line awarded shipping line of the year Maersk Line has been awarded shipping line of the year by International Freighting Weekly (IFW). The Danish carrier was choosen ...

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JUNE 21, 2007
Durban new-build on target for 2007 delivery Suppliers preparing for the phasing out of the aging pipeline network. India: New bunker barge will be deployed in July Second 3,000 dwt barge will be ready in September. Oil clean up teams on stand-by Risk of bunker spill on Australia's New South Wales coast remains serious. Rotterdam suppliers committed till early next week Singapore: Residual fuel stocks at 10-week low But middle distillate stocks rebound from week-ago levels. Bunker costs cut profit India's state-run carrier posted a 18.6% fall in net profit on higher bunker cost and other factors. Indian supplier to build bunkering terminal Supplier signs MOU with the Gujarat state government to build new terminal.