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Tanker rates rise in hurricane-hit Caribbean
Rates to transport oil from the Caribbean basin rose as Hurricane Dean headed towards Mexico after battering Jamaica and the Cayman Islands.
Coal export delays at Newcastle hit 5-month low
Ships waiting to load coal at Newcastle, the world's biggest export harbour for the fuel in Australia, had their shortest delay in five months, helping to ease costs for producers and buyers.
Sinopec, CNPC propose new port refineries
China's oil giant twins, Sinopec Group and CNPC, have each proposed building a major refinery and petrochemical complex in a new northern Chinese port, an industry newspaper said yesterday.
Cruise operators' golf swing pays off

Strait Talk

Safety and security are different
MOST seafarers and shipping companies are rather circumspect about criticising the US Coast Guard in any way. And for good reason. The body often seems all-powerful and, as part of the military establishment and now responsible to the Homeland Security Department, even intimidating.

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Shipping News

Tanker rates rise in hurricane-hit Caribbean
Rates to transport oil from the Caribbean basin rose as Hurricane Dean headed towards Mexico after battering Jamaica and the Cayman Islands.
Coal export delays at Newcastle hit 5-month low
Ships waiting to load coal at Newcastle, the world's biggest export harbour for the fuel in Australia, had their shortest delay in five months, helping to ease costs for producers and buyers.
Sinopec, CNPC propose new port refineries
China's oil giant twins, Sinopec Group and CNPC, have each proposed building a major refinery and petrochemical complex in a new northern Chinese port, an industry newspaper said yesterday.
Cruise operators' golf swing pays off

Strait Talk

Safety and security are different
MOST seafarers and shipping companies are rather circumspect about criticising the US Coast Guard in any way. And for good reason. The body often seems all-powerful and, as part of the military establishment and now responsible to the Homeland Security Department, even intimidating.

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Hamburg Sud to place larger vessels on ANZL service WTSA lines to increase rates for forest products INTTRA joins tech list NYK Line Pakistan opens for business Malaysia to host first World Shipper's Conference in KL Cork sees box volumes rise Qantas posts record profit for year to June China Southern orders 55 Boeing 737s Boeing appoints India sourcing director

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Carrying cars in FEUs, CMA CGM style Chilli exports sizzle India-Singapore trade swells by 70 pc in 2006 MbPT's OCT project awarded to JV of GIPL & Spain's Dragados SPL Blaze doused, Port Khalid reopens in 7 hrs Kandla seafarers now protected & bound by global obligations VCT's reefer facilities rule the roast! Jetro may sign MoUs with 6 states to pursue corridor project The French connection PPP route to give FinMin major role in industrial corridor project Investments in rail wagons may soon yield higher returns FM calculates infrastructure facelift needs at $ 475 bn FDI gushes in to post 218 pc jump Onion MEP hiked by hefty $ 100 a tonne ICRIER study confirms SEZs' potential to create jobs, human capital & rid poverty Assocham sees lower GDP growth in 2007-08 Cold storage capacity rises by 11 pc MPs' panel suggests 2,000-ha limit for SEZs on cultivable land

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Nordcapital names new managing partner NYK Line Pakistan (Private) Ltd established Cathay Pacific boosts sales and profit Romania: Servtrans is to invest millions Chinese IDS buys UK-based PB Logistics Basel to host St Gallen University's logistics service congress

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AUGUST 21, 2007
Strong bulk market boosts Golden Ocean Skaugen sells newbuilding Pirates hold master and engineer LR trust back Seoul University

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AUGUST 21, 2007
Joe Francois named President and CEO of Delta Towing BAE Systems wins $2.1 million USCG drydocking BW Offshore to provide U.S. GoM FPSO

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AUGUST 21, 2007
Poland charts new path for Gdansk shipyard GOVERNMENT may end up closing all three docks in favour of new floating facility in five years time. Cesa calls for softer line on Polish shipyard state aid Blohm+Voss to axe 200 jobs HAMBURG shipbuilder says 200 of the current 1,100 employees will leave over the next two years. Ningbo Marine issues 'profit surge' alert BULK carrier firm expects nine-month profits to go up by more than 50%. An opportunity for Brazil to educate and inform THE World Maritime Day Parallel Event to be held in Brazil will underline the importance of maritime activities within society. Choosing the best shipbuilder PROCURING a ship is rather different from buying a car, so how does the shipowner ensure that they are not sold a pup?

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AUGUST 21, 2007
Oil prices fall as Dean avoids oilfields Oil prices continued to drop this morning as Hurricane Dean ' now a Category Three storm ' held a course that will avoid most of Mexico's production fields PR fights Carnival over fees PUERTO RICO Ports Authority (PRPA) will seek to overturn July's arbitration victory by Carnival Corp in a long-running fee dispute HD Ferries licence withdrawn THE Jersey ramp licence for the Channel Islands ferry company HD Ferries has been withdrawn over safety concerns DHS asked to hold off on new scanners KEY Democrats are urging the Department of Homeland Security to delay acquiring new and expensive monitor systems, even as Congress demands expedited box scanning Dean pummels Costa Maya HURRICANE Dean made landfall on Mexico's Yucatan Peninsula this morning as a Category Five storm with winds in excess of 270km/hr Malaysia tackles seafarer shortage by e-learning THE Malaysian Maritime Academy (ALAM) is launching a new e-learning programme with a view to helping redress the shortage of seafarers qualified to serve on LNG tankers 2008 demand to outstrip supply Short-sea carrier consolidates fleet MISC keeps expanding Guam wants damages for berth bump

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AUGUST 21, 2007
Asia-Australia carriers raise fuel fees Lines in the Asia Australia Discussion Agreement hike bunker surcharges as global fuel prices increase. FMCSA urged to keep closer tabs on Mexican truckers Charleston Navy Base demolition approved Higher growth seen for global economy Cattle producers press for labeling rule changes Maersk sets Far East-West Africa service Hurricane Dean slips south Fesco acquires Port of Vladivostok operator Averitt opens Mexican border facility Concor plans expansion Bidders queue for Bulgarian state ocean carrier

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AUGUST 21, 2007
Zim looks at new options for Asia ' North Europe trade Pakistan subsidiary for NYK CMA CGM launches new Asia/Med service Rotterdam rail improved WTSA hikes wastepaper rates again

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AUGUST 21, 2007
After hours party DryShips soars in post-market trading after second-quarter earnings surprise. On the rebound US-listed TBS International is back on track after a horrid trading week earlier this month. Big list for Navibulgar Bulgarian government says 23 potential bidders registered for privatisation of state shipowner. Rope kills one in Turkey Security guard onboard ferry docking at Istanbul killed in yet another incident involving a mooring rope. White Sea goes for merger Russian dry cargoship owner's shareholders approve tie-up with Neva Shipping. Sales spur Uljanik Croatian bulker and tanker owner helped to bigger first-half profit by ship disposals. Tankerska turns it on Croatian tanker and bulker owner reports first-half profit surge on stable rates, lower costs. Krasnoye signs tanker loan Russian shipbuilder secures $160m of domestic credit to build Palmali chemical carriers. Easy for Chowgule Indian bulker owner boosted by better dry cargo markets in its first quarter. Out with the new, in with the newer IM Skaugen sells gas unit it acquired this year and takes delivery of another which is fixed out on charter. NSCSA reels in more funds Saudi Arabia's National Shipping Co signs another $116m deal to finance four-ship order. Shreyas starts well Indian feedership operator's first quarter profit rises as revenues build. Cruise ship grounds off Alaska Spirit of Columbia re-floated in high tide after grounding near Whittier on Sunday. Damen wins AHTS deal Italy's Med Offshore back at Dutch yard group for 2009 delivery. GOC in the money Continued strength in dry bulk markets helps drive profits at John Fredriksen bulker outfit. Gdansk workers plan picket EU headquarters faces visit from 100 angry trade unionists protesting against capacity reduction. Erria sells oldie Danish owner offloads 1980-built chemical tanker acquired last year from Jens Jakobsen. Seadrill raises Sapura stake John Fredriksen's offshore outfit continues to build stake in Malaysian drilling contractor.

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AUGUST 21, 2007
WTSA members hike forest product rates Rickmers to buy ships, charter them to Maersk Intermarine plans rate hike Genco takes delivery of bulker Gilliam sourcing director in India for Boeing Alpine Air Express expanding staff Averitt opens facility on Mexican border DHS to fast-track contractor selection for Secure Freight database Menlo reveals DTCI team Hurricane Dean hits Yucatan at Category 5 Mexico clears legal roadblock to Punta Colonet development Alameda Corridor shows flat trends

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AUGUST 21, 2007
16 month grace time for NCL America Either the Norwegian Cruise Line result in the Americas turns within 16 months, or the subsidiary will be liquidated. This ... Danica White's crew is still in good health The crew of five on board the coaster Danica White is well and in good health. The news came yesterday ... Norwegian government wants Norwegian pay on foreign ships The Norwegian government will re-introduce the mandatory work permit for foreign seamen in Norway. In reality this means that ...

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AUGUST 21, 2007
California cold ironing delayed Evolving draft regulations see requirements for many ships relaxed. Jamaica bunkering down but not out Supplier expecting return to normal operations following hurricane, Gulf of Mexico next. Weak margins hit European fuel oil But Russian fuel oil exports up year-on-year as new production figures are released. Equity fund to build refinery in Egypt Project's backers already have plans for Egypt's bunker market. Rotterdam market weakens Singapore refinery back on stream ExxonMobil providing details of restart as traders consider market impact. Chandran rounds up more Chemoil stock Over 13 million shares bought last week. New oil port for Vietnam Port will serve Vietnam's first oil refinery planned for the Dung Quat Economic Zone. Shanghai launch for new supplier Chinese company starting supply in bonded bunker market.