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Shipping News

Asian boom attracts shipping firms globally
THE current boom in Asian economies and resultant rise in shipping demand has attracted the attention of the global shipping industry, said Minister of State for Finance and Transport, Lim Hwee Hua, at the inaugural Institute of Chartered Shipbrokers (ICS) Singapore Conference yesterday.
COSCO Pac expects to seal Rotterdam port deal soon
COSCO Pacific Ltd, an arm of China's largest shipping conglomerate, expects to invest in a container terminal in Rotterdam shortly, an executive said yesterday, giving it a foothold in Europe's busiest port.

Admiralty Casebook

Poor controls cause of ship accident
A LACK of communication and absence of risk awareness were the main reasons a seaman was badly burned by high-pressure steam released from a boiler vent pipe, the Australian Transport Safety Bureau has found.

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Shipping News

Asian boom attracts shipping firms globally
THE current boom in Asian economies and resultant rise in shipping demand has attracted the attention of the global shipping industry, said Minister of State for Finance and Transport, Lim Hwee Hua, at the inaugural Institute of Chartered Shipbrokers (ICS) Singapore Conference yesterday.
COSCO Pac expects to seal Rotterdam port deal soon
COSCO Pacific Ltd, an arm of China's largest shipping conglomerate, expects to invest in a container terminal in Rotterdam shortly, an executive said yesterday, giving it a foothold in Europe's busiest port.

Admiralty Casebook

Poor controls cause of ship accident
A LACK of communication and absence of risk awareness were the main reasons a seaman was badly burned by high-pressure steam released from a boiler vent pipe, the Australian Transport Safety Bureau has found.

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TS, Evergreen, Yang Ming, STX, Samudera start China-India service Grand Alliance lowers capacity on transpacific route Shanghai's EU, Korea trade growth up 25pc through September Xiamen port sets monthly box volume record in September China develops sea-river intermodal containership Dubai Ports considers building container terminal in Cuba FedEx to deploy greener hybrid-electric vans in Europe Marine surveyors hold November 15 conference in Bangkok Kerry EAS to set up regional logistics centre in Chengdu Nanjing-Belgium air cargo line launched Chongqing Airport import volume soars 260pc in third quarter EL AL appoints ECS as Italy representative

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Vasco Express service to become weekly from Nov. 6 DAL and Seatrade Shipping representatives meet Chennai trade Nath sees good scope for cooperation with Netherlands in agriculture food processing sectors Spices exports surge by 22 pc FM proposes joint working group on trade and investment with Norway New Mangalore Port posts 14 pc rise in cargo traffic in H1 Cargo Partner Logistics India commences Vadodara operations Transafe to expand container manufacturing capacity Truck freight rates move north Fieo chief underlines need for supply chain security mechanism in Indo-EU trade Govt eases rice export ban

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OCTOBER 25, 2007
CCL Costa Container Lines' boss resigns OOCL increases turnover Lufthansa Cargo adds Mexico City to freighter network Czechia: CD Cargo to be separated soon Russia: test freight train weighing 18,000 t Ziegler Group expands activities in France IX Air Cargo Americas in November

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OCTOBER 25, 2007
USCG's thumbs down for Weaver's Cove ISRA slams Bangladesh, India & Pakistan Golden Ocean makes US$78m on bulker sales Bourbon orders in France

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OCTOBER 25, 2007
Coast Guard nixes Weaver's Cove LNG proposal Transocean takes JV stake in two drillship newbuilds Bourbon orders two MPSV's in France

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OCTOBER 25, 2007
Port of Vancouver, USA nets AAPA advertising award Marine Insurance Association of Seattle accepting scholarship applications Workers find what may be explosives at Cape Dissapointment Coast Guard base Longtime WSF executive announces plans to retire Port of Seattle completes two shipping terminal projects

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OCTOBER 25, 2007
Cosco bags $1.34bn in bulker orders COSCO Shipyard Group has reinforced its status as major shipbuilder, booking in $1.34bn worth of bulker newbuilding orders for its Dalian and Guangzhou yards. Sayer flags up Asian growth, but warns on oversupply ASIAN economic growth is set to keep driving global shipping demand, but an oversupply of newbuildings will impact freight rates, warns Galbraith's chairman. Able UK wins key Council vote CONTROVERSIAL plans to scrap American ships in Britain were tonight given the go-ahead. Why shipping can pay a heavy price for simple safety mistakes VESSELS are being detained because operators are failing to follow simple routines. Leave it to the experts Pollution control and response experts together with the media air their views about oil spill reporting.

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OCTOBER 25, 2007
Gulf storm kills 10, shuts ports Ten Mexican oil rig workers are now confirmed dead after a massive storm swept over the western Gulf of Mexico this week Marine propels LR past $1Bn mark LLOYD'S Register's group income rose by 17% to '497M ($1.02Bn), a fourth consecutive annual record, with marine contributing half the total income Brazil courts European ethanol market BRAZILIAN ethanol exports will soon be flowing to Europe, according to state-controlled oil and transport giant Petrobras New brooms sweep out family firm MAHER Terminals, recently acquired by a unit of Germany's Deutsche Bank, has announced a new management team, devoid of the founding family Ex-port director in backhander probe A FORMER director of Las Palmas Port Authority is under official judicial investigation for allegedly accepting illegal 'commission' worth $100,000 Spain spies on African port SPANISH spies are watching some 50 ships at Conakry port, Guinea, amid concerns that illegal migrants gatherining there could try to travel on open register vessels Shallow Rashid may shut Russia courts Canadian LNG gateway Narragansett not for LNG navigation Norwegians look to Singapore Take-over talk swirls around Labroy Appeal backs tough SOx order Cosco Corp shares soar after huge order Perth paves way for huge Hedland expansion Housing issues holes US barge trade Cannon fires back at BC Ferries

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OCTOBER 25, 2007
Grand Alliance merges Pacific loops Partners Hapag-Lloyd, NYK and OOCL (left) are merging two of their trans-Pacific services into one winter loop. Court upholds Calif. fuel law Water projects bill goes to White House Maher appoints new team Port of Morehead City opens new warehouse MOL service calls Hibiki In The Know: 10 steps to implement TWIC Rail weakness continues Lufthansa margins weaker DFW adds Mexico City link Rotterdam boxes up 13%

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OCTOBER 25, 2007
Canada's status as a North American gateway challenged PSA increases capacity to 35 million Antwerp container volumes up 16% Kuehne and Nagel profits rise by 16% ICS meet in Singapore

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OCTOBER 25, 2007
The future is bright But Turkish Chamber of Shipping president Metin Kalkavan says high interest rates are holding country's shipyards and owners back. Able to scrap A local council has approved a project by ship recycler Able UK to develop the world's largest drydock to scrap US 'ghost ships'. Exmar net sinks 70% Belgian gas carrier owner continuing to see down year as VLGC rates drop. CMB profits slip Parent of bulker owner Bocimar sees its profits scale back 14.4%, although profits for the year-to-date are strong. Hedge fund emerges Freight trader Barry Bednar has set up a shipping industry hedge fund scheduled to go live at the start of 2008. Robson replaces Rowe Standard P&I club manager, Charles Taylor, gets a new chairman. US bulker owner drops As parent GATX reports earnings, American Steamship sees its earnings drop 18.4% on maintenance costs, water levels and weather. Freeseas cashes in Ion Varouxakis-led bulker company to raise $90.75m from sale of 11m shares. LR surplus rises David Moorhouse led classification society delivers record result as world orderbook booms. STX launches China venture Korean bulker owner taps into Shanghai logistics and agency business. Maersk all at sea? Danish container giant stung into action following rumours it was eyeing up Greek ports. Master jailed in Georgia First officer of Turkish vessel also sent down for two months for allegedly smuggling coal from Abkhazia. More in store Responding to media reports that company results were shy of expectations, OceanFreight chief says company's full earnings potential is not yet realised. Plain sailing for Keppel Strong offshore showing sees nine month profits top last year's returns. Insurer gets the blues Norwegian underwriter's share price falls as it considers merger or sale of unprofitable hull business. Kirby hails new record US tank-barge giant has strongest ever third quarter, its fifteenth consecutive earnings rise. Langh Ship sells to newcomer Finnish owner offloads cargoship to little-known compatriot Rederi Tingo. Palmali in for Serbs Turkish tanker owner in the running for privatisation of river shipping company JRB. Maersk eyes Greek ports Copenhagen-based giant said to be lining up a bid for Greece's two biggest terminals. Golden goose Norway's Golden Ocean nets $78m in purchase and sale of panamax pair it had on charter from compatriot owner. Besiktas banks on bulkers Turkish tanker owner's boss Yavuz Kalkavan hoping dry market stays hot for delivery of capesizes in 2009. Flex declares Norwegian gas-ship owner Flex LNG firms up option for third 90,000-cbm unit at Samsung. Q-Ship's pockets bulging Nine-month net profit figure already well ahead of total for whole of last year at Qatari owner. Commission tightens its grip Kicking out pollution law will be a springboard for Europe to launch more binding legislation, Oslo law professor warns. China Cosco gets green light Shareholders approve sale of 1.29bn shares to finance record bulker buying spree. Below expectations OceanFreight's debut set of financial results since listing falls below what analysts had expected. Siem banks a fortune Norwegian investor's offshore shipowner posts big nine-month profit thanks to good markets and financial gains.

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OCTOBER 25, 2007
FEFC raising westbound rates CSAV joining CMA CGM's South America/Persian Gulf loop MOL first Japanese line calling Hibiki Barge operators report earnings Ship security alert systems subject of study Sea Star plans bunker charge increases Devine, Ebeling to receive "Connie" Awards U.S., Mongolia enter shipboarding agreement Antillean Marine now serving Panama Con-way reports lower earnings Old Dominion: LTL truck pricing competitive S. Calif. wildfires lead to temporary rail line suspensions Census may banish exporter from AES Ryder sees lift in international supply chain business Alaska open to imports of Korean Unshu oranges Busan port executive bemoans government inaction, expects 2008 growth Alternate visions offered for Bayonne, N.J. terminal

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OCTOBER 25, 2007
Swedish barges in huge Danish transport job Swedish Marine Carrier has started a project lifting some 400,000 tons of sugar beet from the Danish port of Assens to the port of Nakskov. After the closing of the sugar refinery at Assens, Danisco need the beet transported to ... StatoilHydro to get 24 per cent in Shtokman Norwegian StatoilHydro today signed a frame agreement with Russian Gazprom to become a partner in phase on of the Shtokman natural gas development in the Barents Sea. StatoilHydro is to take a 24 per cent equity stake in the Shtokman ...

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OCTOBER 25, 2007
Oil products lead Rotterdam port growth 'Sprint in the third quarter' puts new milestones for throughput well within reach. California fuel rules back on Court ruling allows California Air Resources Board to resume enforcement of its low-sulphur auxiliary engine fuel rules. Negative Q3 result for Euronav Tanker company reports Q3 losses after rates plummeted while bunker prices were sharply higher. Rotterdam bunkers surge on bullish crude Refiners in Japan to cut supply for November Supply cut to raise Japanese bunker price above Singapore levels. Long Beach forum to tackle shipping's CO2 emissions 165 key stakeholders to attend Bunkerworld conference. SPC quadruples Q3 net profit But Singapore refiner sees margins fall. Titan turns physical in Hong Kong Oil logistics company focusing on supplying 380 cst material, sourced from its terminal in mainland China. APL champions sustainable shipping Shipping industry must take a lead in protecting the environment.