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Shipping News

First LNG cargo in Q-Flex tanker for Japan
Tohoku Electric Power will receive the first liquefied natural gas cargo transported on a Q-Flex tanker, the world's biggest class, in late December as producers seek to cut costs and transport larger volumes.
Asian aframax rates rise sharply on winter demand
Asian aframax rates posted the biggest gain in eight months as increased demand for December shipments before the Northern Hemisphere winter reduced the supply of ships.
Dry bulk freight rates may stay firm till 2009: STX
Dry-bulk shipping rates may 'stay firm' until at least 2009, after rising to a peak in 2008, on a shortfall of vessels that carry iron ore, coal and other commodities, South Korea's STX Pan Ocean Co said.

Admiralty Casebook

No need for 'higher standard of care'
A US appeals court has ruled that a vessel owner was not liable for the damage his pleasure yacht caused when it dragged its anchors and hit a nearby unmanned dock when Hurricane Frances struck Florida three years ago.

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Shipping News

First LNG cargo in Q-Flex tanker for Japan
Tohoku Electric Power will receive the first liquefied natural gas cargo transported on a Q-Flex tanker, the world's biggest class, in late December as producers seek to cut costs and transport larger volumes.
Asian aframax rates rise sharply on winter demand
Asian aframax rates posted the biggest gain in eight months as increased demand for December shipments before the Northern Hemisphere winter reduced the supply of ships.
Dry bulk freight rates may stay firm till 2009: STX
Dry-bulk shipping rates may 'stay firm' until at least 2009, after rising to a peak in 2008, on a shortfall of vessels that carry iron ore, coal and other commodities, South Korea's STX Pan Ocean Co said.

Admiralty Casebook

No need for 'higher standard of care'
A US appeals court has ruled that a vessel owner was not liable for the damage his pleasure yacht caused when it dragged its anchors and hit a nearby unmanned dock when Hurricane Frances struck Florida three years ago.

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Japanese agency upgrades MOL's credit rating from A+ to AA- YICT opens intermodal ship-rail service between Yantian and Kunming Ningbo-EU trade rises 36 pc in first 10 months India's Mundra Port IPO up 118pc on debut, raises US$4.4 billion Northport develops corporate social responsibility activities NTL-Logistics offers box service from HK to Jakarta, Singapore Malaysia Airlines, China Southern strengthen code-sharing Wuhan's Uni-Top Airlines lucky to get green light from CAAC Singapore seals open skies agreement with Slovak Republic

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No DGS nod for conducting coaching classes IPBCC withdraws surcharge in force at Kandla Port Move to create global integrated database for logistics industry Fish, cashew may come under India-EU FTA negative list Rotterdam beckons India Inc Glencore, Cargill bag contracts to import 342,500 tonnes of wheat 10 pc rise in container traffic seen between India and Port of Le Havre CCT clears vessel backlog arising from Bay of Bengal cyclone CONCOR lure for N. Indian importers to use KDS Strike affects ICD rail yard operations at Cochin Port BoA for SEZs puts off meeting

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NOVEMBER 29, 2007
Kerry Logistics Central Europe and Germany has interim director DFDS expands Karlshamn -Klaipeda service Korean Air budget airline slated for 2008 MAV Cargo to be sold to RCA/Gysev CD Cargo about to break free

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NOVEMBER 29, 2007
Petraia fined in magic pipe case BV grabs lion's share of bulker newbuilds US Coast Guard seek oil spill ship

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NOVEMBER 29, 2007
ABS elects new members Bollinger yards deliver ATB to Bouchard Concerns mount on Antarctic pollution from Explorer Rolls-Royce wins $42 million Chinese order

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NOVEMBER 29, 2007
Greenbrier eyes changes to executive make up Seattle CBP officers seize counterfeit 'Coach' belts Marcon brokers sale of seismic/survey vessel Olympia Port Commissioners comment on recent protests Steel imports into US jump during month of October

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NOVEMBER 29, 2007
US set for rethink on box scanning US may be ready to back-pedal on demands for 100% container checks at port of departure. Singapore seeks US rethink on box scanning Maersk Line returns to the black AP Moller-Maersk's container business profitable but recovery still has long way to go, says new chief Nils Andersen. Aegean bulks up with supramax orders AEGEAN Bulk inks deals with SPP Shipbuilding for two 59,000 dwt supramaxes with options for two further vessels. ABERDEEN BEEFS UP ABERDEEN Harbour is preparing for the next 50 years of offshore support operations and growing freight volumes with major investment. Now the work begins IT WAS satisfying to hear words of real delight and commitment coming from some of the new members of IMO Council.

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NOVEMBER 29, 2007
IMO bypasses UN on Somali piracy The IMO Assembly today signed a new resolution appealing directly to Somalia's Transitional Federal Government to act to stop piracy and armed robbery off its coasts, and specifically asking for to allow warships pursuing pirates into its territorial waters Abandoned ghosts haunt new home TWO ghost ships abandoned when a shipbreaker abandoned its Baltimore yard have a new home in nearby Virginia Reliance goes to Indonesia for coal RELIANCE Energy has lined up major coal supply to fire two large power projects including one 4,000MW project Malaysian port charges under fire A LEGISLATOR has slammed Malaysia's cabotage policies, claiming they cause increased port charges in Sabah and harm competitiveness Tanker upside from pipeline blast? AN explosion has damaged a key Enbridge pipeline transporting Canadian crude to US Midwest refineries, suggesting a possible upside for tanker imports Firm rates, fat fleet lift Norden A BULLISH dry bulk market combined with a bigger fleet produced an expected increase in the profit in the first nine months of the year at DS Norden Weakened prospects for DFDS ferries Conversion hikes KepPhil earnings NOx tax kills off Bergen ferry AHTS sinks off Terengganu Bullish ShipServ in Japan deal Two electric ferries reprieved ASA optimistic on shipping reform Two dead, 30 missing as ship sinks Scam probe to be kept under wraps Indonesia retains IMO Council seat

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NOVEMBER 29, 2007
Maersk posts nine-month profit World's biggest ocean container carrier swung to a pre-tax profit of $626 million, from a loss of $125 a year ago. China agrees to end subsidies challenged by U.S. Allen: Port Everglades within reach of top Vancouver strike warning Express rates rise Cochin port strike ends Report: Euro manufacturing peaks Buy aids Descartes net Ceres moves head office Panama ship-owning units to be liquidated by NYK Seko expands to Ireland

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NOVEMBER 29, 2007
New Botany terminal contract awarded Now American Club hikes premiums by 20% Double-digit Dutch short sea box rise Maersk profits up

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NOVEMBER 29, 2007
Billionaire into barges Investor Sam Zell beefs up his stake in US barge owner and builder American Commercial Lines to nearly a quarter. EPA to blow off fumes US environmental regulation agency plans emissions standards for shipboard diesel engines. Drillship fire hurts six Fire extinguished aboard the Noble Roger Eason while working for Petrobras off Brazil. Side-loader charged Canadian transport officials charge the Alida Gorthon for dumping oil off Nova Scotia. Bull still running After leading US stock markets in an upward charge, a group of dry-bulk owners post a second day of gains. Ghosts re-haunt Virginia Marad vessels abandoned by a Baltimore shipbreaker now head back to Virginia, home of their James River fleet. Pac Basin heads Down Under Hong Kong-listed shipowner takes 90% holding in Australian towage player. Alam AHTS sinks Crew is safe after the Setia Mega sinks in bad weather off Malaysia. Acergy on target Oslo-listed offshore ship player to post record 2007 revenue, but there are problems on horizon. Cape Cod barge brawl Massachusetts and the US Coast Guard fight another round in a legal battle over who can regulate tank-barges passing through the Cape Cod Canal. Mercator seals yard deal Soon to be listed shipowner joins forces with Mech Marine to forge new shipbuilding venture. Fingal master nodded off Cargoship grounded on Scottish west coast because captain fell asleep on watch, UK report finds. Maersk back on course Liner operation returns to profit boosting prospects of a bottom line result of over $3bn. DFDS racks up bigger profit Danish ferry owner boosted by freight revenue in the first nine months, while annual profit forecast unchanged. Cyprus kicks up more ferry fuss Controversial link from Syria to Turkish north allowing in illegal immigrants, foreign minister claims. IMO gets tough with TFG Transitional Somali government under renewed pressure to fight piracy following a new resolution passed in London today. Temasek sheds Cosco stock Singapore's state investment vehicle continues to reduce its China Cosco holding by offering 80m shares in $277m move. Simmons quits TT-Line Boss who oversaw controverial introduction of Spirit of Tasmania to stand down in February. SembCorp wants Wee probe Shipbuilder asks Singapore authorities to investigate former finance chief's $303m of unauthorised forex losses. Yen bites Jinhui Big-spending shipowner sees profits hit by major losses in foreign exchange contracts. Down but not out BC ferries sees profits slip in second quarter despite healthy increase in revenue. Garware banks on barge Indian owner takes newbuilding plunge in China to extend offshore reach. Limarko looks up Lithuanian reefer and dry cargoship player raises annual profit forecast in better markets. Norden shines in bulker paradise Danish owner posts massive nine-month profit as expected, thanks to record dry markets and ship sales. Sado happy Japanese ferry owner returns to profit in first nine months, but fourth quarter could be rocky.

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NOVEMBER 29, 2007
Maersk's container unit back in black IMO adopts resolution to tackle Somali pirates Poll: Shippers distrust carriers over data Ships to be moved to breaker in Virginia Crowley shifts executives for geographic focus Cathay Pacific CEO not in market for Airbus A380s Descartes profit soars Chamber renews calls for better IP protection Supreme Court hears arguments on tobacco delivery regulations Hudd Distribution taking on Maersk name Hurst named to new APL warehousing VP position Reports: China breaks 100 million TEU mark SoCal lawmakers cry foul over $3 billion goods movement funds decision U.S. Supreme Court hear arguments in boundary dispute Port of Palm Beach revives channel study ICTSI makes financial appointments

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NOVEMBER 29, 2007
Snøhvit LNG shipments suspended yet again LNG shipments from Melkøya, handling natural gas from the Snøhvit field in the Barents Sea, has been suspended again after only two cargoes. According to the Norwegian daily Aftenposten there is a risk that the whole LNG plant at Melk'ya ... Norwegian container traffic up 15 per cent in one year Norwegian container traffic increased 15.2 per cent in the 12 months to the end of the second quarter of 2007 to 166,500 TEUs, according to information collated by the Norway Statistics. Oslo remained the biggest container port handling 48,000 ... Swedish build patrol boats delivered to Poland Swedish Dockstavarvet has delivered four patrol boats of the IC 16 MIII type to the Polish Border Guard. Two of them were named this Wednesday and vill serve in Swinoujscie and Kolobrzeg. The patrol boat is based on the same ...

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NOVEMBER 29, 2007
BORCO sale back on Deal for Freeport oil storage and bunkering terminal could be sealed very soon. Pipeline explosion rocks oil market WTI shoots up by more than $4 after fatal blast cuts key US crude supply. Rotterdam market expected to firm further Singapore stocks of residual fuel, distillates up Viswa Lab advocates additional tests Potentially harmful contaminants are not covered under ISO 8217 specifications. Singapore bunker prices rebound from month-low Asian prices still much lower than recent records, particularly in Japan.