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Gemadept plans US$410m port in Vietnam
Vietnam's top forwarder Gemadept Corp will start building a US$410 million deep-water container port next year to handle more transhipments in a fast-growing economy that joined the World Trade Organization earlier this year.
Eurotunnel reduces H1 loss on lower costs and less debt
Groupe Eurotunnel SA, the owner of the undersea rail tunnel linking Britain and France, said its first half loss narrowed after the company reduced spending and financed less debt.
Maersk upgraded after H1 results beat forecasts
AP Moeller-Maersk A/S, the world's biggest shipping company, had its rating raised to 'accumulate' from 'reduce' at Jyske Bank after releasing first-half earnings that beat analysts forecasts.

Admiralty Casebook

Material facts must be disclosed clearly in affidavit
A SINGAPORE High Court judge has upheld a decision by the assistant registrar to set aside the arrest of a vessel because the two banks that had applied for the arrest warrant had failed to disclose material facts in their affidavit.

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Shipping News

Gemadept plans US$410m port in Vietnam
Vietnam's top forwarder Gemadept Corp will start building a US$410 million deep-water container port next year to handle more transhipments in a fast-growing economy that joined the World Trade Organization earlier this year.
Eurotunnel reduces H1 loss on lower costs and less debt
Groupe Eurotunnel SA, the owner of the undersea rail tunnel linking Britain and France, said its first half loss narrowed after the company reduced spending and financed less debt.
Maersk upgraded after H1 results beat forecasts
AP Moeller-Maersk A/S, the world's biggest shipping company, had its rating raised to 'accumulate' from 'reduce' at Jyske Bank after releasing first-half earnings that beat analysts forecasts.

Admiralty Casebook

Material facts must be disclosed clearly in affidavit
A SINGAPORE High Court judge has upheld a decision by the assistant registrar to set aside the arrest of a vessel because the two banks that had applied for the arrest warrant had failed to disclose material facts in their affidavit.

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AP Moller-Maersk posts H1 net profit of US$1.56 billion Indian dockers threaten nationwide strike on September 1 Cosco to purchase stake in Lianyungang terminal operator Singamas H1 net earnings surge 50pc, revenue up 181pc S&P raises MOL's credit rating NANZDA to impose levy in September Air China H1 profits rise 242pc Martinair begins flying to Xiamen FedEx starts Manchester-Memphis service

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Stage set for int'l conference on regional cooperation in maritime trade today Bulk shipping on a roll with rates booming & space getting tighter Sandvik to build ship unloaders for Chennai co. Inland Vessels (A) Bill passed CLE & UK footwear body ink MoU for technical cooperation Seafood exports swim to record $ 1.85 bn in 2006-07 60 pc rise in finished steel imports Global wheat suppliers still quoting exorbitant rates in response to STC tender Leasing out port assets for private sector development allowed'baalu Theme paper proposes development of ports on hub & feeder basis CONCOR (WR) to meet ICD-Pithampur users to resolve woes today MPs all praise for CWC's performance, rapid growth & role in total logistics PHCT's user-friendly policies swell trade volumes BCHAA & Maharashtra Chamber office-bearers call on President Patil NCAER projects marginal rise in GDP to 8.53 pc Exim Club, Adani Group seminar at Vadodara on Saturday

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Baugh new warehousing VP for Weber Distribution 11,000 teu "Elly Maersk" joins Maersk fleet Tam flies to Frankfurt daily Swiss post office increase profits in H1/2007

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AUGUST 30, 2007
Marmaras fined over spill readiness breach Start-up problems hamper Ocean HeavyLift Standard & Poor ups ratings for Japanese giants Better result from Belships Hatch cover adrift in Dover Strait

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AUGUST 30, 2007
Labroy beefs up offshore capabilities Odense to build bulkers for Carras Hellas

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AUGUST 30, 2007
Pile driving work to begin on Port of Tacoma project NASSCO starts work on first US Shipping Partners vessel Crowley trucking unit joins EPA pollution program Insurance club report finds vessel accidents on the rise Sea-Tac Airport environmental plan found to be on top tier in US

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AUGUST 30, 2007
Jailed master pleads for justice MASTER jailed in Greece after drugs were found onboard the vessel he was commanding has called the case against him a farce. Polish unions to protest over yard capacity cuts WORKERS set to demonstrate tomorrow in Brussels against 'unjust policy of the European Union.' Safmarine to pull out of Australia by year-end CONTAINER line said it would end its Australian agency presence and discontinue services to and from Australia by year-end. Mandatory electronic charts continuing to take Herculean effort THE maritime industry's adoption of Ecdis seems as far off as ever, as the debate over the system's merits rambles on. Stopping the shipyard leaks SOUTH Korean shipbuilders are becoming increasingly concerned about their leaking technology, and rightly so.

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AUGUST 30, 2007
VL rates finally show life VLCC rates have rebounded recently and there is at least some hope on the vessel supply front, according to McQuilling Services Hawaii Superferry hurdles mount HAWAII Superferry suffered yet another setback in court yesterday, while waterborne protests in Kauai have now halted service to that island Singamas to focus on reefer boxes SINGAMAS Container Holdings says it will increasingly focus on developing reefer containers Greek owners help fire victims GREEK owners have pledged help to the victims of fires that continue to rage across southern Greece Chittagong-Karachi link revived BANGALDESH and Pakistan have renewed their interest in re-establishing direct shipping services between Chittagong and Karachi Odense MD confident of Capesize ODENSE Shipyard MD Finn Buus Nielsen is confident his company has the skills needed to build Capesize bulkers Marmaras fine shows leniency USCG can't ensure ferry safety Reliance gets on track Aboitiz exorcises the demon of debt DP World considers share sale Deltaport 2 shortlist drawn up

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AUGUST 30, 2007
TACA carriers hike eastbound rates Carriers in the Trans-Atlantic Conference Agreement plan eastbound tariff rate restoration, effective Oct. 1. Report details delays at U.S.-Canada crossing Global Terminals continues extended gate hours Teamsters sue to block Mexican truck access Vancouver port lists finalists for expansion project Port of Tacoma wharf construction set to begin India port strike postponed Struggling Moller shipyard gets Capesize vessel contract Costs cut Cosco profit Greek ocean line draws spill plan fine Euroseas buys box ship

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AUGUST 30, 2007
Vancouver short-lists big new box terminal project Indian port strike deferred for 20 days Seatrade signs up with Quantum Norwegian container line set for first sailing US Coast Guard Warns Indonesia over ISPS Code

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AUGUST 30, 2007
DP goes to Damen Dubai ports operator signs for four tugs at Dutch yard. OSG takes four New York owner upsizes with four LR1 units at SPP for 2010 and 2011. Carras orders capesizes Greek owner signs for series of bulkers at Maersk's Odense yard. Box buy for Euroseas Aristides Pittas-led owner snaps up 1990-built 'intermediate container ship' from Danes for $24m. State to sell out of Yenisei Russia's blocking stake in river and coastal operator up for grabs. Marmaras fined over spill plan Washington state slaps Greek owner with a bill for just $8,500. Solvik orders third Norwegian owner inks deal for another platform supply ship at Hellesoy. Eimskip's plane profit Icelandic shipowner sells remaining 49% stake in freight airline for $24m gain. Sado still in the red But Japanese ferry owner reduces losses in first half despite difficulties on operating level. US counts cruise cash Cruise industry boosted US economy by $36bn last year with all 50 states grabbing a slice of the pie. New owner for Ukrrichflot Russia's Veles Capital takes 70% stake in Ukrainian dry cargoship owner on behalf of domestic investor. Bourbon builds again French bulker and supply ship player increases first half profit in strong markets as it prepares towage sell-off. Dry dockings hurt PDZ Profits at Malaysian intra-Asian boxship player dented by repair work and losses on some routes.

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AUGUST 30, 2007
Evergreen's Chang will not be seduced by mega-ships Maersk container losses offset by tanker, oil profits Safmarine withdrawing from Australia trades Grimaldi-Naples unit Finnlines orders six ro/ros from China Standard & Poor's raises MOL credit ratings MSC starts South Florida/Bahamas loop Dude, the ferry isn't going anywhere Former BellSouth boss Ackerman joins UPS board Dredging crisis continues to hamper U.S.-flag Great Lakes cargo APL Logistics, Con-Way detail success of OceanGuaranteed service S. Calif. truck re-regulation plan supporters to release report Thamesport gains at Southampton's expense Port of Tauranga cargo, profit rises in first half Belgium ports return to full operation

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AUGUST 30, 2007
Stoveaway found dead on Danica Brown Coaster owner H. Folmer & Co of Copenhagen has taken a spot of trouble with another Danica coaster before the problems ... Odense to build a series of bulk carriers Odense Steel Shipyard in the A. P. Møller-Mærsk Group has signed up with the Greeek Carras Hellas Group for ... New records for European shipyards In 2006, production at the European shipyards rose by 20 per cent. The orderbook increased by 15 per cent to ...

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AUGUST 30, 2007
Shipping and CO2 experts to gather in Long Beach Challenging agenda and industry expert speakers offers unique insight into changing marine and energy sectors. Ship-Service staff announcement Shipping company fined for breaching environmental rule US authorities say company could have faced higher fines for failing to provide oil spill readiness plan. Durban supplies set to tighten again Players say spot market has suffered from a period of shortages. Russian Far East market stable Pavino denies Russian report of credit deal. Rotterdam market firm in line with crude Shipowners' Association calls for sulphur reductions Lower sulphur but switch to distillates 'unfeasible', German group saying. Singapore: Stocks of residual fuel dip, distillates up Supplies of fuel oil from Middle East expected to improve in coming weeks. Indian refiner closes 380 cst cargo deal About 30,000 mt of bunker fuel cargo sold to Vitol on Singapore quotes. Singapore issues tender for floating storage study JTC Corporation calls for detailed feasibility study on building VLFS. Indonesian supplier to offer Singapore prices New bunkering facility in Batam to offer alternative to Singapore.