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Shipping News

Piracy in Gulf of Aden a different kettle of fish
The piracy problem that used to exist in the Strait of Malacca cannot be compared to the problem that now exists in the Gulf of Aden, says regional piracy reporting body ReCAAP Information Sharing Centre (ISC).
Most carriers must just tough it out
WHILE the worsening piracy situation in the Gulf of Aden is a worry for all in the shipping industry, not all players can choose to do the same as MISC - barring its vessels from entering the area.
SK Energy may join Posco to bid for Daewoo stake
SK Energy Co, South Korea's biggest oil refiner, may join Posco to bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co in what would be the biggest acquisition in the shipbuilding industry.
Emission standards to get tougher soon

Strait Talk

Treating seafarers respectfully
SINCE the Sept 11, 2001 terrorist attacks on the United States, security has gone - as everybody in the industry knows - right to the top of the agenda.

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Shipping News

Piracy in Gulf of Aden a different kettle of fish
The piracy problem that used to exist in the Strait of Malacca cannot be compared to the problem that now exists in the Gulf of Aden, says regional piracy reporting body ReCAAP Information Sharing Centre (ISC).
Most carriers must just tough it out
WHILE the worsening piracy situation in the Gulf of Aden is a worry for all in the shipping industry, not all players can choose to do the same as MISC - barring its vessels from entering the area.
SK Energy may join Posco to bid for Daewoo stake
SK Energy Co, South Korea's biggest oil refiner, may join Posco to bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co in what would be the biggest acquisition in the shipbuilding industry.
Emission standards to get tougher soon

Strait Talk

Treating seafarers respectfully
SINCE the Sept 11, 2001 terrorist attacks on the United States, security has gone - as everybody in the industry knows - right to the top of the agenda.

	web site

Maersk streamlines, puts Estonian shipyard on the block MOL provides consolidation services for Burlington Coat Factory Yang Ming to add another weekly Dubai-Iraq service China-US export growth makes first slip into single digits Bank sees 2009 decline in rates, supply outpaces demand Manila's ICTSI takes over Mindanao box terminal Slowdown prompts Oakland to mull leasing piers to non-marine firms CN wins over Joliet in bid to buy little railway for major link US Customs and Border Protection to hold symposium October 29 BA World Cargo cuts fuel surcharge again Aeroflot deploys A320s on Moscow-Oslo-Moscow route United drops tertiary cargo routes as fuel rises and demand falls Lufthansa Cargo to take over cargo counts business

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SEPTEMBER 2, 2008
MISC stops sailings to Gulf of Aden Belships' good Q2 Market surge benefits DHT Novoship achieves OHSAS 18001

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SEPTEMBER 2, 2008
MISC ships won't enter Gulf of Aden International Shipholding ponders acquisition offer

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SEPTEMBER 2, 2008
Port operators face bankruptcy in ABP rebate row UK port operators see red as Associated British Ports gets multi-million pound rates rebate from Hull City Council. P&O Ferries stunned by £5.2m rates bill at Hull US oil production is spared Gustav's fury DAMAGE estimates sizeably lower than earlier feared after offshore sector escaped full brunt of the Hurricane. Liberty unveils ISH takeover LIBERTY Shipping has proposed an all-cash acquisition of International Shipholding Group that would value ISH at around $190m.

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SEPTEMBER 2, 2008
LNG goliath heads for Italy Adriatic LNGFOUR TUGS are slowly towing a giant floating LNG regasification platform from southern Spain to the Italian coast Houston reopens as oil tumbles HOUSTON pilots returned to work this morning, reopening the largest oil port on the US Gulf Coast after it weathered Hurricane Gustav Ports targeted in UK rates review COMPANIES based in 55 statutory ports in the UK are subject to a business rate review that is likely to result in significant rises in their costs Great Offshore buys two GREAT Offshore has agreed to buy KEI-RSOS Maritime and Rajamahendri Shipping & Oilfield Services, based in Rajahmundry and Hyderabad UK ro-pax has a fender-bender EUROPEAN Endeavour, a 7,477dwt, 2000-built, ro-pax operated by P&O Ferries, is being repaired after a collision Crewman killed in UK accident A FATAL accident has taken place on the tanker Castillo de Monterreal, berthed at ExxonMobil's Fawley terminal in Hampshire, England

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SEPTEMBER 2, 2008
Liberty Shipping bids to acquire ISC The dry bulk carrier's $308 million offer for International Shipholding follows last month's unsuccessful merger talks. WTSA to simplify formula for bunker surcharges Gulf ports emerge relatively unscathed from Gustav MSC chief eyes Alitalia A.P. Moller to sell shipyard CN restoring Gulf service OECD ups U.S. forecast Matson buys warehouser Agility acquires Canadian forwarder Geopetrol TWIC enrollment approaches 500,000 Rotterdam breaks ground on Maasvlakte 2 terminal

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SEPTEMBER 2, 2008
CMA CGM in South American expansion mode again! Gustav passes: but Hanna and Ike threaten MOL subsidiary picked as Asian logistics partner for US furniture retailer SA terminal introduces hi-tech box receiving gate HPH starts work on Felixstowe South

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SEPTEMBER 2, 2008
Liberty in ISC bid Liberty Shipping has made - and offered to raise - a cash offer for New York-listed International Shipholding. Bosporus bash General cargoship and bulker collide in Turkey's Bosporus Strait after engine failure. 'Deadly cargo' Safety is improving at Bangladeshi demolition yards, but it is still dangerous work. Aground in Rio Liberian-flag containership MSC Prague runs aground in Brazil's Guanabara Bay. Back online StatoilHydro's Norne FPSO is producing again after maintenance takes it offline for 40 days. WTSA rejigs math Westbound transpacific liner operators have simplified their bunker surcharge calculations. Unhappy feet Some 200 oil-soaked penguins have died off Brazil from a mystery oil spill. Clipped again Cruiseship Clipper Pacific detained again in the US after being suspected of 'potential' pollution offences. One year lull Offshore newbuilding contracts will remain depressed for the next 12 months, Hagland says. Clipper's quarter Danish shipowner holds nearly 25% of Eitzen Chemical after picking up shares from Ospraie Management. Capital shelves Capital Product Partners files shelf registration to quietly sell up to $300m in new shares. Colombo coup Sri Lankan shipyard more than doubles earnings in second quarter thanks to Indian offshore business. Rates lift DHT New York-listed tanker owner posts 39.4% increase in profits as VLCC fleet doubles TCE earnings. Ho-Ping for more Norden bags massive $150m, 15-year COA to ship coal for Taiwan's Ho-Ping Power Company. Costs cut profit Rising operating expenses slash first-half earnings at listed Taiwan-based boxship owner Wan Hai. 100% shut-in Hurricane Gustav shuts-in gulf oil and gas production was shut-in by the storm, closes ports and kills a reefer crewmember. MISC quits Gulf Malaysian owner no longer willing to send ships through Gulf of Aden after double hijacking. Turkey's toll Another worker reported dead after accident at a Turkish shipyard, this time in Kocaeli. CSSC races Shipbuilder overcomes rising costs as first half profit jumps 80%. Suazo off Philippines maritime chief resigns, but says not due to pressure of sinking of Princess of the Stars. Great adds 19 Indian owner boosts offshore fleet by snapping up two rivals in $40m move. Brunei bags loan Three banks divvy up $505m Islamic loan to fund Brunei Gas Carriers LNG order at Daewoo. Third time lucky Romania finally privatises Santierul Naval Mangalia shipyard after two failed attempts. Merchants' money Chinese ports player handles 42% more profit in first half as exports rise. Han eyes switch GSI president targets ferry and offshore contracts as bulker and boxship demand slackens. Future is 'grim' Sinotrans braces investors for bumpy ride as it warns of dwindling growth in China, but profit rises. Not all Korean Mimi Berdal set for deputy chairman's seat at Aker Yards with Su-Jou Kim in line for top job. HHI to buy Korean shipyard giant moving to secure supplies of steel and ship parts with overseas investments.

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SEPTEMBER 2, 2008
Liberty makes offer for International Shipholding NYK Line to develop solar generator for car carrier by December E.R. Schiffahrt takes control of offshore joint venture FedEx speeds up Europe-East Coast transit times Cargolux adds Miami, Vienna flights DB Intermodal Services opens international unit Lake Carriers' Association moves Ames, truck and barge line attorney, dies ITC probes possible change to U.S.-Australia FTA origin rules CEVA lands spare parts distribution deal with Finnish company Strategy sought to combat Netherlands cargo crime MOL to handle Asia consolidation for Burlington Coat Factory BIS establishes export licensing requirements for Kosovo GreenCarrier acquires Latvian forwarder IJS Global begins operations in Poland New Orleans survives Gustav ATA files response to SoCal ports' defense of truck plan Port of Felixstowe expansion ceremony Maersk to sell Estonian shipyard ABP orders Gottwald cranes for Southampton

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SEPTEMBER 2, 2008
Works secured on bancrupt Norwegian yard Last month, the Flekkefjord Slipp & Maskinfabrikk went bancrupt with claims in excess of NOK 120 million. The shipyard had three offshore vessels in its orderbook, one for Solstad and two for Simon M'kster Shipping. Two under construction will be delivered ... Odense Steel Shipyard sells Loksa Odense Steel Shipyard (Lind') wants to sell Loksa Shipyard to increase the group's efficiency. Loksa Shipyard, located east of Tallinn, was sold to Odense Steel Shipyard in 1994 and is one of the leading manufactures of hatches. Loksa Shipyard increased ...

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SEPTEMBER 2, 2008
Russian fuel oil exports little changed in August Exports of gas oil down as record-high duties take effect. Petrobras exploring product expansion Begins supply of 500 cst and a 'Premium' fuel oil on trial basis in two ports. Global bunker market report Singapore prices plummet on bearish crude But fuel oil values relative to crude the highest in years on supply crunch. New bunker trader at Dan-Bunkering Rotterdam market very quiet NYK Line commits to cut fuel usage and pollution Pledging to spend $638 million on technologies to reduce fuel consumption and emissions. Thinning supply at Colombo port 'temporary' 380 cst replenishment cargoes to arrive after LMS vacates tank farm. Singapore facing September supply crunch Tight avails could push prices up to fresh high, traders say. New device prevents spillage during refueling Bilge effluent and spillage during refueling of leisure craft identified as leading causes of pollution in waterways.