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Shipping News

Shipping groups challenge EU pollution law
Shipping industry groups are challenging a European Union law that criminalises maritime pollution, saying it goes far beyond existing international rules.
New York port authority to pare payroll by 100
The Port Authority of New York and New Jersey, operator of bridges and tunnels linking the states and manager of major area airports, will eliminate about 100 jobs.
London is world's top maritime spot: report
London remains the world's leading maritime centre fuelled by growing seaborne trade and booming demand for new ships, according to a report released on Monday.

Strait Talk

If it ain't broke, break it
WHEN it comes to shipping, the bureaucrats of Brussels are certainly the leaders in showing the world how not to do it. Right now, they are giving a master class on how not to administer liner shipping.

web site

Shipping News

Shipping groups challenge EU pollution law
Shipping industry groups are challenging a European Union law that criminalises maritime pollution, saying it goes far beyond existing international rules.
New York port authority to pare payroll by 100
The Port Authority of New York and New Jersey, operator of bridges and tunnels linking the states and manager of major area airports, will eliminate about 100 jobs.
London is world's top maritime spot: report
London remains the world's leading maritime centre fuelled by growing seaborne trade and booming demand for new ships, according to a report released on Monday.

Strait Talk

If it ain't broke, break it
WHEN it comes to shipping, the bureaucrats of Brussels are certainly the leaders in showing the world how not to do it. Right now, they are giving a master class on how not to administer liner shipping.

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NYK holds anti-stowaway sessions at Shenzhen Container Terminal Schneider acquires BaoYun Logistics in China Heilongjiang customs handle 17.7pc more cargo in first eight months Hanjin Shipping lists sailing schedules on OceanSchedules.com TradeNex.com sets up Tariff Finder Online for Malaysian shippers TNT Express sees profit from ongoing operations rise 10.4pc LA, Long Beach Ports join truck tagging programme Cathay dodges battle with Singapore Airlines for China Eastern Iraq may open air cargo links with Bahrain Korean Air dedicates second cargo terminal at Incheon DHL goes green in Asia Pacific operations

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Maersk Line resets Asia-Red Sea service, drops Malaysia from FM5 PSA's $ 3.3-bn Pasir Panjang Terminal now operational Maersk Group forms new management team for S-E Asia PIL, Wan Hai Lines to start new Far East to Black Sea service 4 shipping majors launch new Asia-Black Sea service World's top 3 box ports retain rankings Rotterdam Maasvlakte 2 terminal deal signed with five-member consortium Giant boxship docks at Port of Hamburg on maiden voyage Coal, iron ore charter rates rise on demand for big ships Panama Canal seeks bids for dredging Pacific entrance OTS Logistics Group acquires UK's Ocean Express China Merchants to expand into resource ports Sinotrans shipping unit planning $ 1.3 bn Nov. listing Stringent discharge requirements to take effect in Gulf area Centrum India brings out key insights to developing maritime trade DG Shipping to introduce CET for maritime courses JV route to access German auto knowhow under study CIL allowed to import coal India seeks Australian investments KPT shortlists 11 pvt. firms to develop 4 berths at Tuna port Pawar backs MbPT expansion plan Triway CFS celebrates 1st anniversary JBIC baulks at funding cost-escalated Delhi-Kolkata freight corridor Private sector may be given 51 pc stake in industrial corridor project Sensex crossed the 16,000-mark Ficci survey finds rupee appreciation to be exporters' main concern EPCs advise exporters to negotiate contracts in rupee terms Rising rupee to take sheen off jewellery exports-Assocham Move to redevelop Rani Bagh rouses Green Brigade into action

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SEPTEMBER 25, 2007
Ge-eX names new sales manager for Germany Suez Canal Container Terminal signs concession agreement Etihad to fly to Brisbane USA: rail industry needs billions over next 30 years Russia: USD 1 trillion for infrastructure FedEx battling with struggling US economy DOT certifies 2nd Mexican, US truck firms for cross-border program

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SEPTEMBER 25, 2007
US Homeland Security's Jackson to step down THE US department's second-in-command, Michael Jackson, has announced that he is stepping down from the position. Air of resignation grips US homeland security Singapore seeks changes to US 100% box checks WORLD'S top transhipment hub fears US' plans will slow down flow of trade. Shipowners face finance freeze OWNERS may have to pay more for their ship financing requirements as liquidity dries up. A brush with the law SHIPPING industry bosses must now become familiar with environmental cases to avoid ending up in the dock themselves. Robbing the rich WE hear a lot these days about the contract between a democratically elected government and the voters.

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SEPTEMBER 25, 2007
Star explains Aker option loss Star Cruises has disclosed new details on why NCL's 700M euro option for a third 4,200-passenger, 150,000gt 'F3' newbuild was dropped at Aker France 'Vague' EU asylum policy draws fire MARITIME interests have criticised the Council of the European Union for dodging the issue of stowaways and people rescued at sea Balearia acquires Buquebus SPANISH ferry operator Balearia has officially acquired rival ferry operator Buquebus for €40M Silversea ventures into expeditions LUXURY operator Silversea Cruises is branching out into the expedition sector through the acquisition of the World Discoverer Ambiguities in UK MMO KEY issues in the UK Marine Management Organisation are yet to be concluded it was highlighted at a meeting yesterday More Bangla ministers banged up Bangladesh has interrogated five former ministers today in connection with the country's ex-Prime Minister allegedly accepting bribes for a container handling bid Aqaba to open $1Bn tender Star green-lights Apollo infusion Share scramble ahead of ICG vote Liberia to set up SAR centre Unions slam shipyard labour policy London holds on to top position Italians seek Filipino crews Top US security chief quits MMC inks deal with Dubai World Rival keeps Russian transport post

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SEPTEMBER 25, 2007
East Coast importers choosing all-water All-water container service from Asia is emerging as the routing of choice for East Coast importers, retail executive says. Bush, Lula boost Doha London was top maritime center in 2006: Report Kitty Hawk could be de-listed Water projects bill passes UPS forms healthcare team Bayport eyes box equipment CMA CGM consolidates global rail services Panama Canal upgrades locomotive tow tracks Kirby boosts outlook Cathay nixes China air deal

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SEPTEMBER 25, 2007
Aratu, Brazil to get a new container terminal? Maersk Line hike rates US in trouble as West Coast import volumes slump Canadian port workers face security clearance deadline

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SEPTEMBER 25, 2007
Seanergy hits AMEX IPO stocks of Seanergy Maritime Corp are unveiled on the American Stock Exchange at $10 per share ' bringing the company $220m. Silversea bags Discoverer With purchase of the expedition ship World Discoverer, Monaco-based cruise operator heads to Antarctica in first foray into adventure cruises. TWB gets ferry contract Portugal's Transtejo has ordered two ferries from Brazil's TWB shipyard. Downgrade for ACL Shipping analyst downgrades US drybulk carrier, leading shares to fall. CMA CGM tries new line French boxship giant forms CMA Rail to boost worldwide rail transport operations. Upgrades sent to Bush US Senators pass water resources bill that could provide billions of dollars in funding for inland waterway improvements. Boxing it off Legendary Singapore minister warns US security crackdown is a threat to world trade. Tanker grounds off China Tropical storm Francisco continues to wreak havoc in China as tanker reportedly carrying LPG grounds off Hainan. Bureau Veritas to float French classification society signals full speed ahead for $1.4bn IPO despite choppy seas. Suez revenue flows in Huge jump in container traffic boosts Canal Authority earnings for first eight months of the year. Cosco signs Mongolia pact Chinese owner to get first refusal on Mongolia Energy Corp's cargoes. MMC plots ports complex Malaysian mining group brings in Dubai World for shipping and shipyard project in Johor. Mac Laren eyes offshore Brazilian shipbuilder looking to branch out into supply ships and anchor-handlers. Multilateral crusaders Shipping groups head to European Court to challenge controversial EU pollution directive. Cosco Corp thinks bigger Singapore-listed shipbuilder wants 2m dwt capacity by 2010. No quick fix for Cyprus Island's shippers question whether Turkey will hear Barrot's calls to overturn trade ban. Solvang lets gas ship go LPG carrier Clipper Sun to net Norwegian owner, which owned 20% stake, less than $1m. Cosco ship sinks barge Collision with four vessels loading rice on Saigon River leaves one under water and others damaged. Fincantieri steady First-half profit remains in line with last year at Italian shipbuilder despite orders surging. Mols seeks tonnage Danish ferry owner needs more vessels for services into and out of Aarhus. CSSC completes asset transfer Chinese yard group pays for Hudong Heavy shares with yard assets like Shanghai Waigaoqiao Shipbuilding. TMM receives rail boost Mexican tanker owner will pocket $51.4m after settling long-running dispute over sale of railroad assets. Big three booming Shares in Japan's leading shipping lines buoyed by soaring Baltic Dry Index. Essar adds two Indian owner eyes hot bulker market with order for more supramaxes at ABG Shipyard.

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SEPTEMBER 25, 2007
Genco starts public offering of primary, secondary shares Dongnama changes name to C& Line Cathay Pacific, Air China drop China Eastern bid Schenker of Canada launches new courier division Senate overwhelmingly passes Water Resources Bill CMA CGM plans to double rail volume under CMA RAIL name Kansas City Southern resolves dispute over payment for railroad Oakland leaves Crows Landing short-haul rail project up in air C-TPAT companies yawn at outsourced validations U.S. Chamber: China's discriminatory practices hurt U.S. companies Jackson steps down at DHS Panama allows U.S. cattle imports Trade Symposium registration starts Monday Branitzky named managing director of SAP Labs North America Scroggie to manage Penske's South American business FMC OTI application filing now available electronically N.Y.-N.J. Port Authority approves Port Newark lease SoCal port trucks mandated to have RFID tags by Dec. 1 Port of Savannah TEUs up 30% in August Panama Canal completes new towing locomotive tracks Record wind turbine imports boost Vancouver USA port volumes Philip Morris executive joins Virginia Port board

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SEPTEMBER 25, 2007
Organisational growth at Maersk NDC Maersk NDC (Nordic & Baltic) will take over responsibility for an additional seven countries and changes name to Maersk NBR (Nordic ... Sharp rise in running costs The rise rate in ship operating costs has more than doubled during 2006, according to shipping accountants Moore Stephens' annual ... Norway centralises accidents at sea investigation Norway is to establish one police unit to investigate all accidents in Norwegian waters. The special unit will replace the ...

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SEPTEMBER 25, 2007
Danish bunkering firm under new ownership Company expects stronger position after management buyout supported by Icelandic equity fund. BP wins Singapore Bunker Award The oil major expects Singapore's bunker sales volume to hit 30 million mt this year. Lubes push up operating costs Index shows jump in ship operating cost as lube oil price increases filter through. Rotterdam market remains quiet Singapore MGO hits new high Singapore bunker prices easing after record levels on Monday. Dubai World signs up for Johor mega-project $4.7 billion Malaysian maritime hub would include oil terminal and cargo handling facilities.