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Shipping News

Daewoo leads drop in Asian shipyards
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, led declines among shipyards trading in South Korea and Singapore on concern new orders are slowing.
Pacific Basin shares up on higher profits
Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, gained the most in almost a month after posting a better than expected first-half profit on China's rising demand for coal and iron ore.
Philippines warned against environmental disaster
A joint expert team from the European Union (EU) and the United Nations (UN) on Monday warned of huge environmental disaster in the waters of the Philippines' central province of Romblon following the sinking of an ill-fated ferry.

Strait Talk

Avoidable deaths
ONCE again I turn to one of the most depressing subjects involving modern shipping.

web site

Shipping News

Daewoo leads drop in Asian shipyards
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, led declines among shipyards trading in South Korea and Singapore on concern new orders are slowing.
Pacific Basin shares up on higher profits
Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, gained the most in almost a month after posting a better than expected first-half profit on China's rising demand for coal and iron ore.
Philippines warned against environmental disaster
A joint expert team from the European Union (EU) and the United Nations (UN) on Monday warned of huge environmental disaster in the waters of the Philippines' central province of Romblon following the sinking of an ill-fated ferry.

Strait Talk

Avoidable deaths
ONCE again I turn to one of the most depressing subjects involving modern shipping.

	web site

Hutchison wins Greek container terminal for US$653 million Guangxi's waterway cargo volume increases 31.4pc China exports 3.6pc fewer shoes in first five months Bremen, Bremerhaven ports volume rises 15pc to 2.7 million TEU Wuzhou plans calls for throughput of 400,000 TEU by 2015 Nanjing to build largest mail distribution centre in China Maersk Line to add capacity on Europe-West Africa routes Schenker warns container hoarders of financial penalties Homeland Security Democrats tell TSA 100pc screening means all air cargo must be screened Panalpina dogged by Nigerian scandal that hits first half results Continental reports mixed results for July as declines mount ProLogis sets up new logistics facility in Zhuhai CEVA Logistics joins Cargo 2000 to support operational excellence

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Naval ship rescues distressed vessel off Vizag Onion exports double despite steep hike in MEP Anti-dumping duty on colour picture tubes sought Gangavaram port handles maiden vessel IMC's 'India Calling' conference in Canada proves to be thumping success Nath calls for greater access to Japanese agricultural market Trade with Oman surging, notes envoy Roadblocks to reforms seen RBI to withdraw interest on EEFC accounts from Nov. Lamy coming to salvage wrecked WTO talks

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AUGUST 5, 2008
New managing director for JadeWeserPort Hamburg port with further growth AirBridgeCargo: AWB "musts" C.H. Robinson Worldwide acquires Transera International US 10+2 rule troubles forwarders and shippers

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AUGUST 5, 2008
"Interest" in BW's LPG fleet UK Club raise $100m K Line in Chinese yard partnership LR buys Human Engineering

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AUGUST 5, 2008
NSB ordered ships without funding FURTHER details emerge regarding a failed boxship order that raise fresh fears over the stability of the container market. NSB $620m boxship deal ditched by Daewoo Two bidders compete for BW Gas fleet MYSTERY surrounds identity of 'interested buyers' who have approached Oslo firm for LPG vessels. K Line moves to ensure shiprepair space K LINE will invest $25m in China's Titan Quanzhou Shipyard.

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AUGUST 5, 2008
Hellenic faces EC class deadline THE EC has warned the Hellenic Register of Shipping that it has until the end of next month to address "certain shortcomings" or face the indefinite loss of EU recognition Rio Grande booms in Brazil BRAZIL'S southern port of Rio Grande broke records during the first half of 2008 BW Gas reveals buyer sniffing 62 LNG ships BW GAS has received from a buyer conditional price indications for its 62-ship fleet of liquefied petroleum gas carriers 'K' Line invests in Quanzhou yard 'K' LINE has closed a deal with the holding company of Titan Quanzhou Shipyard, which is under construction in Fujian Province, China Weakening Edouard makes shore EASTERN Texas and western Louisiana ports will remain closed today as Tropical Storm Edouard moves inland and weakens Britannia touts diversification BRITANNIA Bulk Holdings, which completed a successful US IPO in June, has raised profits on higher rates and a significantly more diverse business mix Italian ferries accused of gouging AN ITALIAN government report has accused ferry companies of gouging the public with price rises of up to 70% in just three years

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AUGUST 5, 2008
Nationwide container fee coming in U.S.? Proposed national container fee would add to cost of doing business in Los Angeles-Long Beach, where shippers already pay local fees. California Senate approves $30-per-TEU container fee Customs proposes e-payment for harbor maintenace fees Long Beach offers financial assistance for clean trucks TWIC sign-ups pass 414K DHL-UPS probe sought Tropical storm makes landfall New South American breakbulk service calls Tampa South Carolina ports to participate in environmental program Expeditors net up 9% "K" Line in shipyard buy

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AUGUST 5, 2008
Oil dips below USD120 despite Edouard's advance AUD2.9 billion bid for Asciano Tropical disappoints in Nicor's 61% Q2 profits jump Trailer Bridge's losses easing Asian shipping stocks under pressure

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AUGUST 5, 2008
Dividend jump Teekay Tankers once again offers large dividend hike, this one lifting the payout by 28.6%. Houston halt After tropical storm, 31 ships are waiting after the closures at Houston and Galveston. Three in the frame Stolt-Nielsen, Steensland and AP Moller linked to takeover of BW Gas' LPG fleet as rumour mill spins out of control. K-Sea earns more Tank-barge player K-Sea Transportation reports higher fourth-quarter net profits thanks to strong rates and expansion efforts. Open for business Law firm Squire Sanders launches New York maritime practice after Holland & Knight migration. Not so fixed Trailer Bridge CEO says the company is getting customers to pay a share of fuel costs despite fixed contracts because of 'near force majeure nature' of rises. Crewman rescued US Coast Guard evacuates injured crewman from a Singapore-flag chemical tanker. LPG fleet on block Serious players in chase to land BW Gas' entire LPG fleet, CEO Pettersen says. 'This ain't good' Video released by the US Coast Guard offers glimpse of radio communication before a collision that caused a fuel oil spill. ITF targets Greek Operator of bulker in wage spat in Australia could see action against another of its ships in Europe. Fixed Down Under Solstad unit secures five-year deal for dive support newbuilding offshore Australia. Boost for MBC Black empowerment group African Renaissance ploughs cash into South African bulker operator. Death toll rises Singapore's shipyards have suffered their eighth fatality in nearly as many weeks. Two for Transoil Philippines owner lines up $27m investment in new small tankers for domestic trades. Donjon detail US salvor brought in to clean up the mess after two tugs sank in Schuylkill River near Philadelphia. Single-skin sale Hong Kong's Titan offloads profitable veteran VLCC to Swiss player for a $10.5m loss to free cash. Crunch decision Richard Hext-led Pac Basin's decision to pay dividends ex disposal gains related to global credit squeeze. "Admin error" AWB says charter of a Greek bulker not party to wage agreement was accidental. Just the job Japan's K Line secures repair slots at Titan Quanzhou shipyard in China through equity deal. Bono's boost Fincantieri yard chief says 2009 IPO could bring in EUR 400m to aid investment programme. Ferry hit Four people hurt in Shanghai after passenger vessel clashes with maritime safety administration's patrol boat. Focus! Government tells Vietnam's Vinashin to concentrate on shipbuilding and stop expanding into finance and insurance. Citi's solitary buy US investment bank says OOIL is its only buy among the Asian liner stocks. Shinwa shrinks Japanese tanker and bulker owner makes weaker start to financial year despite revenues rising. Asciano worries The Maritime Union of Australia concerned over private equity interest in ports player. Ro-ro woe Japanese owner Kuribayashi Steamship records first-quarter loss despite revenues inching up.

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AUGUST 5, 2008
House Republicans urge HMT exemption for short sea cargoes CBP proposes electronic payment of harbor maintenance fees "K" Line purchases share of Chinese shipyard to secure repair slots Trailer Bridge says higher fuel costs hurt earnings Maersk names new head of media relations N.Y.-N.J. Port Authority seeks to block flights from auctioned slots Delta insources cargo handling in Atlanta McNabb prepares for USTRANSCOM post Correia named CFO of Penske Logistics in South America Changing of guard at New York Customs House Jacksonville makes recommendations to port Manitowoc sold to Italian company

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AUGUST 5, 2008
Retiring WMU boss wants Sweden to pay more The retiring president of the World Maritime University in Malmö, Sweden claims that Sweden should contribute more to the WMU. In a farewell letter, Laubstein writes that the university has changed substantially during his 12 years at the helm and ... Paper carrier out of service until next year The paper-carrier Trans Dania will be out of service until the early February 2009 due to a serious problem with the gearbox on board. After a visit earlier in the summer to the shipyard in Frederikshavn the ship faced ... Farstad company sells Lady Down P/R International Offshore Services ANS, a wholly owned company of Farstad Shipping, sells the anchor handling tug supply vessel Lady Down to Venture III AS. The price tag is USD 17 million and the vessel will be delivered in ...

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AUGUST 5, 2008
New bunker tanker for UK's east coast Two further bunkering vessels are on order under fleet investment programme. Bank puts Asian fuel oil trading 'on hold' Reports say Morgan Stanley is pulling back from volatile market. Global bunker market report End of the line for conference BAFs Final bunker surcharge adjustment announced by member lines of the FEFC. Rotterdam market very quiet Singapore prices down more than $18 Bunker prices slide as crude oil futures drop, but supply worries remain. Hamburg conference to host marine fuel cell workshop Alternative power from hydrogen and fuel cell technologies 'provide great promise' for reducing pollution. New bunkering firm launched in Turkey Will offer global broking and trading of marine fuels and lubricants using its own capital. Grindrod continues to expand Trading division has 'great potential' says CEO. K-Line invests in Titan shipyard Titan has also agreed to sell a VLCC to the Middle East. India government goes to court over shipping channel 'Adam's Bridge' cannot be seen as 'a national monument', argues a government counsel. CPC seeks to take over Colombo oil tanks Oil refiner seeking government permission to gain control of 12 tanks belonging to LMS. Problems with IMO's CO2 design index, say shipbuilders Proposed index could be 'counter-productive'. Bunkering operations continue in Hong Kong Tropical storm moving away from the territory.