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Shipping News

Beijing lures foreign-flagged Chinese ships back home
CHINA will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.
China Cosco doubles on Shanghai debut
SHARES in China Cosco Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan in subscriptions.
China Merchants to buy 14% of Shenzhen terminal
CHINESE port operator China Merchants Holdings said yesterday that it plans to buy a 14 per cent stake in a US$954 million container terminal in China's southern boom city of Shenzhen.
DP World raises US$3.25b from bond sale
Transnet full-year profit rises 50% on sale of assets

Strait Talk

Gloria is the Place for seafarers
ASK a Filipino seafarer what is special about Rotterdam and he is likely to say, 'Gloria's Place'.

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Shipping News

Beijing lures foreign-flagged Chinese ships back home
CHINA will offer a tax holiday to entice Chinese-owned, foreign-flagged ships to switch to carrying the Chinese flag, as a rising number of such ships in Chinese waters complicates rescue and maritime procedures.
China Cosco doubles on Shanghai debut
SHARES in China Cosco Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan in subscriptions.
China Merchants to buy 14% of Shenzhen terminal
CHINESE port operator China Merchants Holdings said yesterday that it plans to buy a 14 per cent stake in a US$954 million container terminal in China's southern boom city of Shenzhen.
DP World raises US$3.25b from bond sale
Transnet full-year profit rises 50% on sale of assets

Strait Talk

Gloria is the Place for seafarers
ASK a Filipino seafarer what is special about Rotterdam and he is likely to say, 'Gloria's Place'.

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APM Terminals' JV to develop Dachan Phase 2 box terminal in Shenzhen China Customs says foreign-invested firms dominate 3PL business Tianjin port hits 2007 throughput target of 7 million TEU Shenzhen to hold logistics expo in July Ecu-Line offers weekly service to Dubai with 16-day transit time Kuehne + Nagel to focus on solutions-oriented service Wal-Mart names 'K' Line its top carrier in 2006 Singapore Airlines firms up order for 20 Airbus 350-900 XWBs Dragonair Aviation Certificate Programme is unveiled for air cadets Hactl provides cargo, ramp handling to Jett8

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Merchant vessel in distress off Porbandar coast Maersk Logistics freight forwarding activities to integrate with Damco Sea & Air BCC&I seminar on 'Mumbai-Shipping & Logistics Hub' today Japan may invest $ 30 bn in India's core sector Pulses import pulls down prices Pepper exports to US up by whopping 400 pc in Jan.-March Exports to Pakistan cross $ 1-bn mark 134 not out! Panel submits report on classification of port workers MICT scores yet again! 6,273-km highways targeted this fiscal APL IndiaLinx achieves 1,000-TEU landmark within month of operations TUFS norms being tightened SEZ units want clarity on iron & chrome ore export duties PM confers with RBI chief on steps to bail out exporters; high-level study group likely

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JUNE 26, 2007
Wolf Hüttemann celebrates 75th birthday Ecu-Line to Dubai Volga Dnepr orders IL-76TD-90VDs Lufthansa takeover of Swiss complete Russian and German railways to launch joint company Samsung Electronics France working with Geodis

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JUNE 26, 2007
Appeals court orders new look at Massachusetts oil spill law Rangnekar quits SCI directorship Siba makes largest ever Asian cattle shipment GL looks ahead to ballast tank coatings change effects

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JUNE 26, 2007
K-Sea to acquire Smit and Sirius Coast Guard announces new Deepwater contract Cummings promises probe of Coast guard courts Aker Philly delivers another Davie to build accommodation vessels

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JUNE 26, 2007
Saadé fires warning shot to French register CMA CGM chairman ready to switch bulk of French fleet to UK flag due to financially onerous crew nationality requirements. French officers ready to strike China Shipping faces fraud allegation BANKING regulator says company misused $315m worth of loans to invest in Shanghai IPO market. China unveils plans to woo its shipowners GOVERNMENT offers tax breaks to lure Chinese-owned, foreign-flagged vessels to switch to their national flags. New start at the end of a tough trip THE Netherlands looks forward to an era of efficient goods transport with the opening of the Betuwe rail link. Maersk clears decks THE sudden departure of three top executives from AP Moller-Maersk is positively seismic.

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JUNE 26, 2007
China asks HK to stall expansion A senior Chinese government official has asked Hong Kong to stall plans for expansion of container handling facilities and focus instead on developing "high-end" logistics GE shipping warrants approval THE BOARD of GE Shipping has approved a preferential issue of over 5M warrants to its promoters and directors today Crude stocks rise as refineries struggle US refinery maintenance outages are lasting much longer than usual, inflating stored crude oil inventories to levels that could dampen short-term crude tanker imports Princess rescues sailor in distress PRINCESS Cruises' Bermuda-flagged Crown Princess yesterday came to the rescue of a sailor off Virginia who had been adrift for several days on his 6m craft USN helps train DR in security THE Dominican Republic is currently playing host to a fast US Navy catamaran on a mission to strengthen Caribbean regional maritime and port security MarAd pressed on pollution handling MARAD head Sean Connaughton has been asked by congressional representatives to release a report on pollution from 80 rusting naval vessels in San Francisco Bay Bulgarian bulker refloated Brazilian owners want window kept closed Boluda bridges the gap MISC bond date undetermined Ceylon Shipping seeks Jaffna funding Norwegian Wilson acquires four

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JUNE 26, 2007
White returning to Baltimore port Ousted in 2005, former chief of Maryland Port Administration to succeed departing Brooks Royster. Horizon closes on buy of Hawaii Stevedores LA adopts $1B port budget San Diego port boosting area jobs: Report Alabama restructures port operations management Hamburg Süd to test 'green' flooring for containers NYK opens Russia logistics unit BAX parent close to UK, Spanish rail buys License fees boost Logility profit India plans Kandla port and shipyard complex Mitsubishi upgrades China logistics office

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JUNE 26, 2007
K Line check-out Wal-Mart accolade Korean shippers and ship owners agree to co-operate APL turns the corner Jakarta port operator PT Pelindo 11 to make a second attempt for control of JICT Institute of Chartered Shipbrokers establishes UK and Ireland Zone

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JUNE 26, 2007
Zim takes two Name of yard to build twin units not revealed as Israeli line commits to $92m spend. OceanFreight buys again Italy's Deiulemar is getting $47m for a panamax from a repeat customer, Bob Cowen-led OceanFreight. SCI loses another boss Liner director SS Rangnekar's contract not renewed, leaving two major divisions without leaders. V.Ships profit up 20% Outsourcing boom lifts shipmanager's parent and justifies new investors' faith. Short-sea list gets longer Finland's Containerships adds two new ports to schedule with new, larger unit taken on charter. Tax holiday in China Government wants to entice ships back to domestic register with two-year sweetener. MBC buys out partner Malaysian owner takes 100% control of newbuilding products tanker in deal with Mitsui. Crew righting bulker List on NYK's Taharoa Express reduced to 12 degrees after excess water is removed from hold. Davie wins offshore order Economou and Pistiolis-backed Ocean Hotels signs for two accommodation ships at Canadian yard. Sheths to build stake Great Eastern's controlling family, led by boss Bharat Sheth, to snap up convertible warrants with cash from Great Offshore sale. Fredriksen keeps buying Pursuit of Malaysian drilling contractor SapuraCrest continues as Seadrill snaps up more stock. 'Samina' sentences slashed Athens appeals court knocks years off jail terms of captain and three others charged with fatal ferry sinking. CSDC continues revamp Chinese owner sells two older tankers and scraps a third to cut costs. Malta bribes probe Maritime authority under investigation after allegations of bribery involving boat licences, contracts and flag. Maua Jurong gets the cash Brazilian yard wins development bank funding to build four tankers for Transpetro. Koznitsa re-floated US authorities free Navibulgar-owned handysize bulker which grounded outside Brunswick Harbour. Transocean behind Daewoo driller World's largest offshore drilling contractor emerges as company who placed recent $500m order. CSDC forms coal venture Chinese owner committing two bulkers to new operation with power producer Jiangyin Sulong. 'Can't stop Gearbulk' Norwegian diplomats want bulkers to stop loading phosphate in Western Sahara but their jawbones are their only weapon. OOIL names new CFO Ex-Citigroup director to replace Nicholas Sims in top finance job at Hong Kong parent of OOCL. Globus fixes to Cosco Recent AIM debutant secures employment for one of its five handymaxes from Chinese giant.

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JUNE 26, 2007
COSCO Holdings' shares soar on first day of trading APL's revenue per box up 2% Indian shipbuilder gets contract from Dutch heavy lift carrier Euroseas plans secondary stock offering CMA CGM christens 1,700-TEU vessel Lufthansa Cargo switching from Cologne to Leipzig Agility wins contract for Qatar gas-to-liquids project C.H. Robinson 3PL business opens office in Singapore NYK Logistics opens Norfolk Logistics Center Georgia ports buys equipment, names chairman

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JUNE 26, 2007
Bourbon Dolphin job would have been stopped in the Norwegian sector AHTS Bourbon Dolphin was grappling with a too heavy anchor in six metre waves north west of Shetland when the ... Mærsk CEO starts his own shipping company A lot of speculations have been made after it was revealed that the present Mærsk CEO, Jess Søderberg has founded ... Tordeskjold trio indicted for fraud Former shipowner Tor Johan Stuve and two of his associates are now charged with fraud and embezzlement involving NOK 100 ...

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JUNE 26, 2007
California: ARB invites input on Vessel Speed Reduction measure Speed reduction could form part of effort to reduce harmful emissions from ocean-going vessels. Risky refloat operation planned for Thursday Bunker spill danger remains real amid fears that Pasha Bulker refloat operation could worsen hull damage. Algeciras port predicts continued bunker growth Port officials report nearly 12% growth in 2006; see further growth despite environmental opposition to bunkering in the Bay. Rotterdam little changed Tuesday morning Saudi fuel oil cargo offered for July loading Saudi Aramco offers up to 116,000 mt of 380 cst fuel oil from its Jubail refinery. Saudi Aramco halts 180 cst bunker sales Aramco's Ras Tanura refinery has temporarily stopped supplying 180 cst along the Persian Gulf. Some OPEC members increasing output Iran and Algeria are exporting more crude oil. Nigeria too, has increased output.