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Shipping News

WTSA to raise freight rates and bunker surcharges from April 1
CONTAINER shipping lines, including Neptune Orient Lines, operating on the westbound transpacific from the US to Asia have announced price hikes and higher bunker surcharges as they point to rising operating costs.
Q4 net doubles at Daewoo Shipbuilding
DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, had fourth-quarter profit that more than doubled from hedging the won's appreciation against the US dollar.
Teekay Shipping Q4 net drops 58% to US$60.3m
TEEKAY Shipping Corp, the world's largest oil-tanker owner, said fourth quarter net income dropped 58 per cent as lower shipping rates reduced revenue.
Fire on Indon ferry kills at least 16 people

Admiralty Casebook

Doctor's negligence: cruise ship cleared
THE Supreme Court of Florida last week overruled a district court and held that that a cruise ship was not vicariously liable for the medical malpractice of the ship's doctor.

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Shipping News

WTSA to raise freight rates and bunker surcharges from April 1
CONTAINER shipping lines, including Neptune Orient Lines, operating on the westbound transpacific from the US to Asia have announced price hikes and higher bunker surcharges as they point to rising operating costs.
Q4 net doubles at Daewoo Shipbuilding
DAEWOO Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, had fourth-quarter profit that more than doubled from hedging the won's appreciation against the US dollar.
Teekay Shipping Q4 net drops 58% to US$60.3m
TEEKAY Shipping Corp, the world's largest oil-tanker owner, said fourth quarter net income dropped 58 per cent as lower shipping rates reduced revenue.
Fire on Indon ferry kills at least 16 people

Admiralty Casebook

Doctor's negligence: cruise ship cleared
THE Supreme Court of Florida last week overruled a district court and held that that a cruise ship was not vicariously liable for the medical malpractice of the ship's doctor.

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WTSA to raise NOS and FAK cargo rates Rotterdam restricts entry of empty boxes to beat backlog New container security system installed in Portland Globe Express opens 4 new offices in S India Port of Seattle to build new facility to increase cargo handling capacity Tacoma handles 4,000 TEU more in 2006 Cathay, Dragonair see cargo, passenger volumes decline in January Qantas sets the record straight on executive share scheme Saudi air cargo agents need certificate to pass security check

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Vessel glut, OPEC output cut may drag down Gulf oil freight rates Hasten shipbuilding, exhorts Defence Minister Visa Group to acquire dry bulk carriers India-Europe trade growing, but still trails Far East's volumes-IPBCC heads Ban on export of chana lifted Wheat may be exported next year-Pawar Meat exports allowed Gold jewellery exports twinkle DP World achieves record berth productivity of 142.17 mph Record quantity of rice shipped via Kakinada port MbPT wins billiards & snooker championships trophy Railways' freight revenue up by 16 pc in April-January 2006-07 Assocham seeks ban on export of minerals

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FEBRUARY 22, 2007
New Hannibal shuttle between Gioia Tauro and Lubjana/Zagreb Rudolph & Hellmann in the Middle East DHL has ambitious plans in Dubai TNT wins new contract in UK

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FEBRUARY 22, 2007
Ro-ro dispute in Irish Sea carries on Samskip boosts services again UK detains three UK Ship Register re-launched Management changes at Swedish Club New Orleans stevedoring JV

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FEBRUARY 22, 2007
Disney Cruise Line to add two new ships SEACOR reports fourth quarter results Carnival sells Windstar to Ambassadors International New name for U.K.'s ship register DNV and Vietnam Register sign cooperation agreement Maine shipyard makes expansion move Guilty plea in marine products bid-rigging case

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FEBRUARY 22, 2007
Standard and Poor's boosts Port of Seattle bond rating Crowley adds larger vessel to Central America service Maritime Administration taps firm to support SAVANNAH decommissioning WTSA member carriers plan pair of rate increases Corps announces schedule for Columbia/Snake lock closures

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Genmar pays out bumper dividend COMPANY declares bumper one-off dividend of $15 but rules out acquisition conquests right now. Aegean calls in Georgiopoulos for revived flotation bid Death toll rises after Indonesian ferry fire TRAGEDY strikes again in Indonesia as fire on passenger ferry Levina 1 leaves at least 16 dead. Tui starts to sell-off shipping assets THE Hapag-Lloyd parent sold its majority in the Montreal Gateway Terminal and seven boxships, reducing debt by $814m.

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FEBRUARY 22, 2007
Carnival divests niche brands MIAMI 22 February ' Carnival Corp has sold Windstar Cruises for $100M to Ambassadors International and definitively confirmed that UK brand Swan Hellenic will not be revived Merchant Brilliant crew being paid ADG Shipmanagement is reported to have handed over £70,000 to one of the officers of the embattled ro-ro Merchant Brilliant, and he is at last making payments Ostedijk emissions reducing EFFORTS to reduce gas emissions from burning fertiliser on the cargo vessel Ostedijk appear have been successful, but Spain's government has kept the ship out of port UK remodels ship register THE UK has remodelled and renamed its shipping registry to make it more customer focused while retaining quality as its key objective Finnlines' Lagerroos to step down ANTTI Lagerroos, president and CEO of Finnlines, has submitted his resignation despite being asked to stay on by Emanuele Grimaldi Suez offers tempting discounts IN A bid to win greater share of the US-Asia trade, the Suez Canal Authority plans to offer transit fee discounts during March to Trans-Pacific Maritime Conference members Brostrom, Offen in partnership Attica slims as fuel costs bite Adsteam boost ahead of takeover Snapped towline caused tug death Many die in Indonesian ferry fire Korea seeks to fill seafarer shortfall Teekay net falls sharply P&O Cruises overhaul after Brimble Sub master accused of negligence GenMar to pay out huge dividend

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FEBRUARY 22, 2007
FMC approves deal in port trucking case The ruling should help clarify the role the Federal Maritime Commission can play in harbor trucking disputes. TUI sells 80% stake in Montreal terminal C. Bradley Mulholland, former Matson chief, dies CN strike starts to crumble TACA boosts Panama Canal transit fee Charleston terminals to get RFID tracking network Deutsche Post earnings slide CMA CGM launches Europe-Oceania service ABX Air earnings soar DHL restructures India, South Asia network Suez Canal seeks to lure traffic from Panama

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FEBRUARY 22, 2007
Updated: Private equity steps in again, as TUI makes debt-reducing disposals Hapag-Lloyd parent TUI has confirmed details of the previously-announced sale of vessels and terminal assets ' acquired in the CP Ships takeover ' permitting them to pay off some €620m (US$814.66m) of debt. 24-hour Smit harbour towage strike called Trade unions have announced a 24 hour strike a Smit harbour towage in Rotterdam from tomorrow morning 06:30 CET, after the company failed to enter an improved pay deal by last night. India's Shipping Ministry establishes shipper grievances forum More competition in the transalpine market CMA CGM officially unveils NEMO service Pan Ocean upgrades PST service Jute mills strike hits Concor business CN would back government intervention to end strike

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FEBRUARY 22, 2007
TUI sells CP Ships assets Seven boxships and Montreal terminal go in two deals that will cut debt by EUR 620m. Antti Lagerroos quits Finnlines chief bows out at age of 62, despite new owner Emanuele Grimaldi asking him to stay on. L&B in oily waters Sums don't add up on Leonhardt & Blumberg boxship in another US oily-water separator case. Daewoo in dreamland Korean shipbuilder's 2006 profit soared thanks partly to a foresighted bit of currency hedging. Ro-ro families ripped off Russian criminals posing as journalists offer to "free" Merchant Brilliant crew for EUR 200, but crew now being paid. Teekay troubled Aframax giant hit by rising costs and foreign exchange losses in 2006. 16 dead in ferry fire Rescuers evacuate 275 people from burning Indonesian ship off Jakarta, but death toll could be higher. Expenses dog Wilson Norwegian mini-bulker owner's earnings dragged down by higher voyage costs in 2006. AK raids Russia Norway's Aker Kvaerner buys 50% holding in Zvezdochka shipyard to build Russian business. Diana delights Investors rewarded with 15% dividend increase after Simeon Palios' firm says profits jump 40%. Smit facing strike Dutch salvage giant hit by revolt over pay by towage unit workers. One in, one out US-listed Aegean Marine Petroleum is selling a single hull aframax and buying a double-hull panamax. Attica takes a step backwards Greek ferry group hurt by fuel costs and sale of Baltic operations in 2006. 'Various and complex' Odfjell says Bow Favour's crankshaft suffered 'major damage' in incident earlier this month.

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FEBRUARY 22, 2007
WTSA lines to raise cargo NOS, FAK rates U.K.-flag register relaunched CMA CGM finds NEMO SvitzerWijsmuller relaxes Adsteam takeover conditions Crowley adding larger, faster ro/ro ship to Florida/Central America loop TACA looking to bolster "unsustainable" rates "Emma Maersk" sister delayed Matson increases fuel surcharge Samskip combines Swedish, Baltic services British Airways picks Boeing 777 ahead of Airbus A330 State-owned Indian airlines may finally merge Japan Airlines announces major management reshuffle British Airways orders four A320s Lufthansa Cargo expands service for special products Continental Airlines Cargo joins Unisys' Cargo Portal Services Japan Airlines announces new low-cost RFID system FAST driver caught with large drug shipment Earliest opening set for St. Lawrence Seaway U.S. "trusted customer" program considered for certain Indian companies BIFA calls on recruitment firm to find new leader Globe Express Services opens four offices in India Flynn: DHS set up to fail China has shortage of logistic pros Northrop Grumman receives Army logistics contract extension Skinner named logistics company chairman DSC Logistics wins Culligan business Worldwide Project Consortium expands FCL Carrier moves into U.S. market Harbor commissioners to decide on PNCT lease swap Morgan Stanley buys 80% of Montreal Gateway terminal Suez Canal Authority set to offer discounts to undercut Panama Rotterdam's ECT terminal refusing empty containers Ontario Teachers form company to direct marine terminal investment Port of Conakry reopened, heavily congested Global Stevedoring, Pacorini start New Orleans joint venture CN strike drops Port of Vancouver's cargo volume by 50% Mayor urges state to cement L.A.-Long Beach port, logistics center link Port of Seattle receives S&P bond rating upgrade Nicaragua planning port improvements Port of Boston planning for growth Dublin terminal operator selects Tideworks software

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FEBRUARY 22, 2007
Transatlantic more than doubles result Swedish shipowner Rederi AB Transatlantic reports an operating result of SEK 216 million (EUR 23.2 million) for 2006, up from ... Statoil procured for near NOK 70 billion i 2006 Norwegian energy company Statoil procured goods and service for a total of NOK 67.7 billion last year, up 9.0 per ... Coastal Express vessel in distress with engine failure Coastal Express vessel Nordstjernen was towed into Florø in Western Norway after a dramatic engine failure early late last night ...

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FEBRUARY 22, 2007
Bunkers slow to respond to year's record crude Mixed picture from marine fuel markets as oil firming. Ship survey queries low-sulphur fuel use California agency asking for engine and fuel details from visiting ships. Chemoil announces Panama expansion Chemoil gains another bunker barge with new joint venture. Rotterdam market continues firm run Singapore: Residual fuel stocks at 11-week high MPA lists top 20 Singapore suppliers by volume BP has retained its position as the biggest supplier by volume in the world's largest bunkering port. Oil closes above $60 Shutdown of refinery in Texas and Iran's defiance in the face of UN sanctions on nuclear issue have lifted oil prices. KIC to build bunker terminal New terminal may allow Malaysia to offer bunker prices at competitive levels compared to Singapore. Aegean buys double-hull for floating storage Aegean also expects delivery of eight newbuilds and aims to add two new service centers in 2007.