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Shipping News

Broadband network launched for ships in port
THE Maritime and Port Authority of Singapore (MPA), Infocomm Development Authority (IDA) and QMax Communications yesterday launched the world's first wireless broadband network for vessels within a port.
Daewoo Shipbuilding profit jumps 5-fold
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, said profit jumped almost fivefold in January as the company built more vessels at higher prices.

Admiralty Casebook

Multimodal conundrum
ALTHOUGH the US Carriage of Goods by Sea Act (Cogsa) does not apply to a voyage between two foreign ports, extending it to cover such a voyage for cargo ultimately destined for American cities will promote efficient contracting, a US appeals court ruled recently.

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Shipping News

Broadband network launched for ships in port
THE Maritime and Port Authority of Singapore (MPA), Infocomm Development Authority (IDA) and QMax Communications yesterday launched the world's first wireless broadband network for vessels within a port.
Daewoo Shipbuilding profit jumps 5-fold
Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, said profit jumped almost fivefold in January as the company built more vessels at higher prices.

Admiralty Casebook

Multimodal conundrum
ALTHOUGH the US Carriage of Goods by Sea Act (Cogsa) does not apply to a voyage between two foreign ports, extending it to cover such a voyage for cargo ultimately destined for American cities will promote efficient contracting, a US appeals court ruled recently.

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Taiwan 2007 box volume up 5pc year on year at 13.7 million TEU ICTSI 2007 profit up 52pc to US$2.79 billion on growing global expansion Shanghai to host TOC Asia 2008 conference Evergreen launches new Mediterranean feeder service TFS ELAA says its liner volume database is legal, but ACL jumps ship TUI sees earnings soar 47pc in 2007 to US$936 million Cathay-Dragonair 2007 cargo revenue up 10pc despite 7.7pc fall in yield EGSAC vice president to take helm as president from May Swissport International sees revenue rise 10pc in 2007

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CCPA agreeable to 'Sethu' realignment, to seek SC nod for dredging India cuts negative list with SAARC to 500 items Indian Arabica coffee brightens Europeans' day; exports spurt Falling draught levels at Haldia Dock trigger alarm Canadian Defence Minister impressed by JNP Apollo LogiSolutions teams up with Spire to build & operate 15 cool warehouses EOUs' fate sealed by Budget provisions, asserts CEU With overseas markets netting less returns, EOUs may divert more sales to DTA Meet on Customs law in Bangalore from today M. N. Chaini & Gul Kripalani lead from the front at IMC

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MARCH 6, 2008
Höcketstaller new M+R Spedag Switzerland CEO Famous Pacific Shipping names Ward as executive director Evergreen launches Tyrrhenian feeder service Lufthansa Cargo publishes dense China schedule Spacecom quits Estonian railfreight DPWN reports EUR 3.8 billion underlying ebit Antitrust authority fines RZD

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MARCH 6, 2008
Channel "no strike" call dismissed Liberian flag deal talks "progressing well" Three vessel crash kills 4 seafarers UK hit by Coastguard Strike

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MARCH 6, 2008
Ships headed to U.S. must take special measures in Syrian ports Louisiana to invest $10 million in Chouest shipyard Norwegian Shipowners name Elisabeth Grieg president New GAO report on USCG Record year for Smit Internationale

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MARCH 6, 2008
Seattle-based Cutter, HEALY heading out on Arctic mission CIT rail leases hopper cars to Canpotex New Boeing 747-8 freighter passes 50 percent design mark Evergreen launching service covering Mediterranean ports Crowley moves to own team providing Guatemala logistics service

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MARCH 6, 2008
UK coastguards begin strike MARITIME and Coastguard Agency staff today staged their first ever 24-hour stoppage, with unions getting major support. Prospect joins MCA stoppage Brussels pours cold water on trading scheme INCORPORATING shipping into the European Union's emissions trading scheme would be difficult, the EC admits. ExxonMobil investment drive targets LNG LNG and floating production projects to get lion share of $125bn investment campaign over the next five years. All clear for passage but are new rules an asset or liability? AFTER 12 years, the draft convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea is ready. A tried and trusted treaty IT IS worth taking stock of what the International Maritime Organisation has achieved in the last 60 years.

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MARCH 6, 2008
US overturns shipper haz liability OCEAN carriers who sustain losses resulting from dangerous cargoes no longer enjoy a virtual guarantee that shippers of the cargo will be held liable for their losses Crew shortages: unsustainable and ugly CREW numbers and quality were at the forefront of discussions at the Marine Money conference in Dubai yesterday Crane collapse shuts Felixstowe terminal FELIXSTOWE in the UK is still suffering delays after a crane delivery at the weekend went wrong Senator urges double-hull fuel tank CARGO vessels transiting US waters would be required to have double hull protection around fuel tanks under a proposal floated yesterday in a key Senate committee IRISL added to UN sanctions list CARGO being loaded on Iran's national shipping line will come under added scrutiny as a result of new sanctions imposed on the Teheran government Chevron targets heavy oil imports CHEVRON has unveiled new refining technology that specifically targets imports of heavy oil such as that produced in Venezuela's Orinoco Belt Aker blames subcontractors for delay Antother setback for Hawaii ferry Could Aker Yards break up? UK coastguard action begins Rotterdam introduces roundabout 13 feared dead in tanker capsize 14 missing as tanker sinks One dead as ship sinks off Japan

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MARCH 6, 2008
Weak outlook for U.S. container traffic Consumers not in a buying mood, container volume moving through United States ports will remain weak into early summer, say retailers. U.S. to conduct import safety checks at ports FMC asked to bar LA clean-trucks plan Truckers balk at TWIC rules Port of New Orleans unveils $1B master plan U.S.-Canada lumber pact safe after court ruling Record results for HHLA DHL U.S. charge burns Deutsche Post profit China Shipping to sell terminals Intermodal shipments decline as rail volume slips Tax gain helps Descartes net

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MARCH 6, 2008
Yet another oil price spike as crude heads towards USD110 Positive start for APL Toll juggernaut rolls on US truck tonnage index up but 'road to recovery' verdict still not in Norfolk Southern opens multi-million dollar Rickenbacker Intermodal Terminal in Ohio

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MARCH 6, 2008
Busan aired out NTSB plans a public hearing over the bunker spill from the containership that hit the San Francisco Bay Bridge. Holy House's magic pipe Swedish firm's reefership caught with bypass tops February list of US detentions. Havyard's slice grows Per Saevik's investment company breaks 10% barrier with the purchase of 2.2 million shares of Aker Yards. Lake ferry sought Rochester and Toronto are in the market for a private ferry service to link the two Lake Ontario cities. TBS signs for loan US bulker and tweendecker owner inks a $35m loan from AIG Commercial Equipment Finance to pay for three ships. Superior Offshore sued US-listed offshore vessel owner faces a series of class action lawsuits by shareholders. Governor's yard gift The state of Louisiana offers Edison Chouest Offshore millions of dollars in government funding to expand its shipyard. Uljanik shares soar Croatian bulker and tanker owner's investors like plan to increase share capital. Ferry back on eBay Washington State Ferries is giving another go to the online auction Web site to sell the 350-passenger Chinook (built 1998). Gold Leader master's body found Extensive search continues off Japan as body of Filipino captain of sunken vessel found by fishermen. Philis in new JV Lemissoler Shipping launches new $160m boxship company with Venture Capital Bank. Path paved for Japanese monster World's sixth largest shipbuilder is one step closer after JFE Holdings boosts its stake in Universal. Datang building own fleet Chinese power company wants more bulkers to cut chartering costs. Carroll readying ICG bid? Property magnate has amassed a $1.5bn war-chest sparking talk he is lining up a bid for Irish port and ferry group. Eitzen sells oldie Terje Askvig-led owner nets $1.5m from the sale of a 1981-built MR tanker. Birka takes a buffeting Finnish ro-ro and cruiseship owner sees annual result dip despite revenue rise. OW tackles staff shortage Bunker industry's first in-house training scheme aims to lure top talent from outside shipping. Sun shines for HHI Korean shipbuilder continuing investment in green power with purchase of stake in solar cell company. Tallink wins the battle But war with Estonian state over unpaid lighthouse and icebreaking fees could go to supreme court. Fredericia hits record Denmark's biggest shiprepairer makes more money than ever before, but dark clouds gather. Repairs for drifting Greek tanker New Shipping-managed suezmax to undergo repairs after suffering engine failure off Saudi Arabia. Man held in Cyprus ferry case Syrian remanded over alleged people trafficking on controversial Turkish Cypriot service. Tanker capsizes, 14 missing off Vietnam Oil spill threatening popular coastal resort as loaded tanker succumbs to rough seas with only one found alive. Shipping chips in at Swire Hong Kong group continues to bank useful profit from offshore and shipmanagement arm. Smit at record high Dutch salvage and shipping group made best ever profit last year

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MARCH 6, 2008
Chemical company not "strictly liable" in ship fire case Ships visiting Syria must tighten security Grieg first female president of Norwegian Shipowners' Association Deutsche Post's 2007 net profit down 28% DHL extends transpacific flight agreement with NWA Cargo CARB sets guidelines for $1 billion in goods movement bond funds Hatch Mott expands rail practice NS train skips track Descartes profit surges on tax recovery Expeditors promotes two executives ATA asks FMC to strike down SoCal truck plan agreement Jacksonville Port Authority profit up 18% Singapore port touts first wireless service for communications, filings

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MARCH 6, 2008
Tallink's newbuilding named and launched Tallink's fourth cruise ferry from Aker Yards was named Baltic Princess on 6 March 2008 at the Helsinki shipyard. The vessel was named by Eva Hanschmidt, who is the daughter of Tallink`s Supervisory Board member Ain Hanschmidt. The EUR ... Maersk takes the first of ten from Hanjin A. P. Møller-Mærsk has taken delivery of the Maersk Bintan in its Singapore subsidiary A. P. Moller (Singapore). The ship is the first in a series of ten ships from Hanjin Heavy Industries at Busan, Korea (Hull no. 186 ... Unifeeder sells their forwarding and truck business Unifeeder have sold their forwarding- and truck related services to the Blue Water Group in Esbjerg. The sale comes after the take over last year, when the original owners of Unifeeder sold the group to a British equity fund. "We ...

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MARCH 6, 2008
Court decision to affect future fuel rules California will tailor its main engine restrictions to allow fewer exemptions. Bunker markets firming as crude oil climbs Bunker market report from Praxis Rotterdam market very quiet Crude tops $105 on weak dollar Analysts say oil prices are becoming disconnected from fundamentals. New moves to tighten regulations on bunker tanks US Senator calls for double skins to protect fuel tanks. IMO regulations 'do not go far enough'. Fuel oil tender withdrawn Saudi Aramco pulls out of two sell tenders after offers fail to match expectations. New terminals boost fuel oil inventories Singapore statistics show over 40% rise as official data changes to include new tank storage. Tanker sinks off Vietnamese resort 14 crew members feared dead, oil spill reported. Container carrier predicts weak demand OOIL says bunker costs in 2007 made a 'bad situation worse' on Pacific routes. Bunkerworld adds Indian trio Bunker prices at three Gujarati ports are now available on the price page.