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Shipping News

MPA's new job portal puts the shine on maritime careers
The Maritime Port Authority (MPA) is turning to the Internet to attract younger people to the maritime industry. MPA yesterday launched a one-stop job portal called Maritimecareers.com.sg at its quarterly NetworkONE networking reception.
PSA's HR head named Best 'Human Resources Leader'
Port operating giant PSA International recently added another feather to its cap when its global head for human resources and corporate affairs Caroline Lim was named Best 'Human Resources Leader' by an industry magazine.
First of world's biggest LNG tankers set for delivery
The first of the world's largest tankers for liquefied natural gas (LNG) is due to be delivered on time by the end of the Northern summer, an executive at Gaztransport & Technigaz SA said.
Asia medium-range tanker rates rise on China's demand for diesel
French port union wants no-privatisation guarantee

Admiralty Casebook

Ruling on deadfreight overturned
THE English Court of Appeal last week overturned a High Court decision that a vessel owner was not entitled to 'deadfreight' from a voyage charterer because the vessel was unable to load all the cargo offered by the charterer because of draft restrictions at the berth.

web site

Shipping News

MPA's new job portal puts the shine on maritime careers
The Maritime Port Authority (MPA) is turning to the Internet to attract younger people to the maritime industry. MPA yesterday launched a one-stop job portal called Maritimecareers.com.sg at its quarterly NetworkONE networking reception.
PSA's HR head named Best 'Human Resources Leader'
Port operating giant PSA International recently added another feather to its cap when its global head for human resources and corporate affairs Caroline Lim was named Best 'Human Resources Leader' by an industry magazine.
First of world's biggest LNG tankers set for delivery
The first of the world's largest tankers for liquefied natural gas (LNG) is due to be delivered on time by the end of the Northern summer, an executive at Gaztransport & Technigaz SA said.
Asia medium-range tanker rates rise on China's demand for diesel
French port union wants no-privatisation guarantee

Admiralty Casebook

Ruling on deadfreight overturned
THE English Court of Appeal last week overturned a High Court decision that a vessel owner was not entitled to 'deadfreight' from a voyage charterer because the vessel was unable to load all the cargo offered by the charterer because of draft restrictions at the berth.

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'K' Line, MOL split Asia-Latin America service into 2 loops Maersk Line changes port rotation, adds vessel to MECL2 Tianjin Dongjiang port offers of 10 container services Indian government tells container depots to refuse rice exports Agility gains new China head, plans for future Asia Pacific growth EPA reveals scheme to clean-up of American coastal and Great Lakes deep-draft ports Liverpool's Peel Ports to build fresh produce CT, warehouse Hong Kong Express Airways to launch five Japanese services Hactl sees February airfreight throughput increase 1.8pc UPS to increase capacity in China by 30pc by adding 747 and new branches Qantas to increase services to US to 47 from March 27 Russia's state technology corporation seeks stakes in airlines

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E&Y fancies roping in foreign co. into proposed dredging JV Baalu 'no' to dedicated facility for textile cargo at Major Ports Box-Trans Logistics' CFS near Port Pipavav begins operations Rlys to seek Chinese expertise in logistics parks, heavy haul operations Govt spells out FDI policy for civil aviation sector Rlys earns 14 pc more in 11 months of 2007-08 Chambers' non-profit making activities not to be taxed, clarifies CBDT Nath NO to SEZ Act change Rs 230 cr. to be released under TUFs by month-end BRC module on duty drawback to be operationalised on April 1 Industrial growth rate decelerates

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MARCH 13, 2008
Agility announces new head for China, Hong Kong and Taiwan MOL/"K Line" introducing two loops Asia-Mexico route Swiss posts huge rise in operating profit Rail Link Europe receives licence Thiel Logistik rebranding

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MARCH 13, 2008
MOL goes it alone in product tanker market ITF aids Ukrainian seafarers Esvagt buys Falklands patrol ship GL class for Vietnam boxship newbuildings Bourbon's "very satisfactory" year

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MARCH 13, 2008
Halifax Shipyard loses cruise ship order Brian Chang sells major stake in Yantai Raffles Canadian TSB issues final Queen of the North report California to again enforce auxiliary engine reg

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MARCH 13, 2008
WSF ferry HIYU returns to service today New year brings gains for freight services index Port association schedules annual Spring Conference Barbara Bush christens new OOCL container ship Mitsui joining "K" Line in new Mexico/SAmerica run

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MARCH 13, 2008
Maersk Line returns to black CARRIER makes profit but results still not satisfactory, says Maersk chief Nils Andersen. Maersk's 2007 results to face APL benchmark test Goulandris scales down London operations COMPANY to transfer bulk of work and employees to Greece but move not linked to non-dom tax issue. Recession worries hit shipping stocks RECESSION fears send all leading equity indices lower but TUI and AP Moller-Maersk buck the trend. Strikes won't put MCA's rapid response in the balance CHIEF executive Peter Cardy is confident that the MCA's contingency plans will enable it to operate as normal. A test of true character THE handling of the sacking of Carsten Melchiors from BIMCO evokes clear implications of severe tensions at the top.

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MARCH 13, 2008
Horizon prepares for Guam growth PLANS by the US military to expand bases on the island of Guam have Horizon Lines projected expanded cargo growth in the region 280 stranded on grounded ship AROUND 280 tourists were awaiting rescue from a cruise ship after it ran aground off the island of Poros, near Athens, the Greek authorities said today Flight from the dollar EXPORTERS from two South American countries have become so concerned at the slump of the US dollar that they are to revert to their local currencies VICT faces defeat COCHIN 13 March ' The chances of the long-awaited Vallarpadam International Container Transhipment Terminal near Cochin being commissioned according to schedule are fast receding Oz owners welcome coastal review Odense yard 'must make profit' APM 2007 market share down Congress to talk bilge Møller boss questions dollar rates Rescuers rush to grounded ferry Cruise owners eye Korean yards Cruise class barriers rising Balearia launches ro-pax ferry Explosion, one missing, six hurt

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MARCH 13, 2008
Maersk Line climbs back into black While 2007 showed drastic improvement over 2006's $568 million loss, A.P. Moller said the results were "unsatisfactory." Employers reject ILWU stoppage request for May 1 Global shipping summit planned for Tokyo Seattle port nets $73M Volume, profit up at APM Terminals in 2007 Doha trade worth $120B Horizon Lines appoints general manager for Guam U.S. bribery probe cuts Panalpina 2008 outlook Yusen invests in Vietnam Transport index climbs NYK splits Europe logistics

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MARCH 13, 2008
More woes as stocks slide, the dollar plunges and oil price spikes again Seacastle buys Magnum-lease Log-In tune in to the Amazonas jungle beat Panalpina profits up 15% but US investigations cast a cloud Maersk Line back in profit but global economic uncertainties threaten

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MARCH 13, 2008
FreeSeas buys handymax US-listed bulker owner adds eighth handysize to its fleet in a $65.2m deal. Euronav inks fixtures Belgian tanker owner ties up three of its newbuildings in three- to seven-year charters. The worst has passed JPMorgan analyst sees the company returning to the black, after a combination of negative factors gives Top Ships' a rough fourth quarter. Euronav slashes dividend Belgian tanker owner cuts annual dividend from EUR 1.68 to EUR 0.80 after earnings fall. Total not totally liable A top European judge says French company is not liable for Erika clean-up costs. Brazil preps huge order Brazilian oil major Petrobras is planning to announce an estimated $10bn order for offshore supply vessels (OSVs). Riverdance in steeper list New salvage plans are an order as winds push the Clipper ro-ro into a 100-degree list. Top to offload tonnage Although Top Ships continues to deny broker reports that it is actively selling three suezmaxes, Evangelos Pistiolis says it is looking to sell older vessels. Tankers look more bullish New York analyst's number crunching shows a slower fleet growth forecast than previously expected. Chong fails in Vita bid Shareholders snub veteran investor's take-over attempts with less than a fifth offering their support. Maersk not satisfied Danish giant says annual profit is largely in line with expectations but still unsatisfactory. CSCL eyes more assets Li Shaode-led company preparing to take terminal division off its parent's hands. Tough year for Top Red ink all-round for Evangelos Pistiolis-led tanker and bulker owner as fourth quarter and full-year losses widen. Global offloads small tanker Malaysian owner sells 1991-built Hafetzah to Nigeria's Morlap for $3.125m. Kleven wins the day Arbitration court rules for Norwegian shipbuilder in dispute with Aker Yards over sale of Floro. Second time lucky for Top Nasdaq-listed owner to press ahead with reverse stock split after shareholders gave a green light to the move. Nepline forced into double sale Tanker owner admits huge construction costs drove the sale-and-leaseback of two newbuildings. More trouble for Robben ferry New vessel out of service with technical fault, following problem with small leak on launching in Cape Town. Wenchong seals engine deal Chinese shipbuilder chooses Hudong Heavy to supply eight units for boxships due in 2010 and 2011. Dry fire lifts Lauritzen Danish owner hails "best ever results" as dry-bulk booms and vessel sales swell coffers. MHI raises target Japanese group aiming to more than double earnings from shipbuilding next year. 23 missing off China Frantic search off Zhejiang province as ship sinks after crew make desperate plea for help by mobile phone. Mercator heads Singapore slide Newly-listed owner sees its volatile stock lose nearly 13% to head list of city fallers. Philippines probes bridge smash Authorities cancel safety certificate for tanker involved in hit-and-run. Gulf blast leaves one missing USCG searches for crew member of diving support vessel after explosion near pipeline off Louisiana. CIMC takes Yantai stake Shipping container manufacturer is to buy almost 30% of Chinese shipbuilder at major premium. ASL inks repeat business DEME and AP Moller-Maersk unit Esvagt return to Singapore yard for orders worth SGD126m. Irving loses Pearl cruiseship deal Delivery delay at Canadian yard forces US owner to look elsewhere for second vessel. Tebma looks to new investors Larsen & Toubro, Great Offshore eyeing stake in expanding Indian shipbuilder. Grand Bahama goes big Caribbean repair yard buys 310-metre floating dock from France. TBS in record year Profits at US tweendecker specialist have more than doubled from a year ago on stronger rates.

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MARCH 13, 2008
A.P. Moller - Maersk profit up 15%, box business turns "modest" profit Danaos' profits soar as charter market tightens Maersk said approvals for car carrier sales completed MOL to quit long-range tanker pool MSC adds New Orleans to West Coast South America service Horizon matches Matson fuel surcharge increase Maersk names new communications head UPS acquires Romanian package agent, U.S. volumes tumble Lufthansa's profit soars 106% U.S. exports, Indian imports drive Cathay's February cargo gains European rail freight users call for more dialogue with operators NYK Logistics to open first warehouse in Moscow Dallas logistics hub receives FTZ designation Panalpina sees 15% profit rise in 2007, confident for 2008 CargoWise joins CIFFA Protestors call on Long Beach officials to make port drivers employees Evergreen's switch to APM's Portsmouth terminal not a done deal

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MARCH 13, 2008
Omer N arrived at Grenå Dansk Bjærgning & Bugsering is now close to have finished the salvage operation of the ill-fated coaster Omer N, which sank in October 2007 in the Baltic near Gedser. The largest part of the coaster has now been delivered in ... Black clouds loom over City of London The British government's budget proposal on taxation of non-domiciled foreigners has been met by massive critique. Several organisations, such as Baltic Exchange and Chamber of Shipping claim that this will hit hard on City of London's position as the ... PureBallast wins award Alfa Laval's PureBallast system has been awarded the 2008 Greenship Technology Award. The aim of the prize is to 'recognise and acknowledge the continued improvement in the effort to maintain the marine environment and mitigate the effects of shipping on ...

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MARCH 13, 2008
Maersk profits climb but prospects 'uncertain' CEO speaks of ' complex outlook' and challenge of higher bunker costs. 500 cst sales take a hit High-viscosity bunker volumes in Singapore down more than 15% Judge questions major's liability for fuel oil spill Official says 'polluter pays' rule might exclude those who don't pollute 'intentionally or recklessly.' Management changes at Gibraltar supplier General manager saying company was 'confident of growth'. New Indonesian refinery could boost fuel oil supply Iran in partnership with Pertamina to build a 300,000 bpd refinery in Banten. Singapore: Residual fuel stocks dip marginally ConocoPhillips offers first fuel cargo Offer is made for loading from its newly leased Singapore terminal. Supplier warns of tight Japanese market Buyers advised to secure their deliveries early during the next one to two months.