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Shipping News

The pain of US port security
THE already lacklustre trade climate faces potentially yet more obstacles at the end of this month when a new US security filing rule could be announced with phased implementation in the first quarter of next year - a move that US businesses have claimed could add US$20 billion in costs.
PSA pulls out of Hazira terminal project
PSA International has pulled out of a joint venture with Royal Dutch Shell to build a cargo container terminal in the Indian state of Gujarat.
Drybulks face sinking asset fallout
Dwindling asset values are upending calculations for previously ordered drybulk newbuilds, and heightening fears on loan covenants.

Strait Talk

Are the world's navies impotent against Gulf of Aden pirates?
LATER this week, I will be travelling to South Africa to cover the International Bunker Industry Association Convention in Cape Town. The last time I was there, it was on a ship in 1973.

Shipping Times

Rail must be a core part of Asian transport: LTA chief
TRANSPORTING people and goods in a sustainable manner in fast-growing Asia is a necessity, not an option. And rail has to be a core component, Land Transport Authority (LTA) chief executive Yam Ah Mee said yesterday in his opening address at Asia Rail 2008.
SMRT's experience helps it stay on track
CHALLENGES abound for the operator of any mass rapid transit system, but experience and a good working relationship with the regulatory authority should overcome them and ensure a successful project.
British architect gets job for NY bus terminal tower
British architect Richard Rogers's firm was chosen to design a 1.3 million square-foot office tower to be built above New York's Port Authority Bus Terminal.

web site

Shipping News

The pain of US port security
THE already lacklustre trade climate faces potentially yet more obstacles at the end of this month when a new US security filing rule could be announced with phased implementation in the first quarter of next year - a move that US businesses have claimed could add US$20 billion in costs.
PSA pulls out of Hazira terminal project
PSA International has pulled out of a joint venture with Royal Dutch Shell to build a cargo container terminal in the Indian state of Gujarat.
Drybulks face sinking asset fallout
Dwindling asset values are upending calculations for previously ordered drybulk newbuilds, and heightening fears on loan covenants.

Strait Talk

Are the world's navies impotent against Gulf of Aden pirates?
LATER this week, I will be travelling to South Africa to cover the International Bunker Industry Association Convention in Cape Town. The last time I was there, it was on a ship in 1973.

Shipping Times

Rail must be a core part of Asian transport: LTA chief
TRANSPORTING people and goods in a sustainable manner in fast-growing Asia is a necessity, not an option. And rail has to be a core component, Land Transport Authority (LTA) chief executive Yam Ah Mee said yesterday in his opening address at Asia Rail 2008.
SMRT's experience helps it stay on track
CHALLENGES abound for the operator of any mass rapid transit system, but experience and a good working relationship with the regulatory authority should overcome them and ensure a successful project.
British architect gets job for NY bus terminal tower
British architect Richard Rogers's firm was chosen to design a 1.3 million square-foot office tower to be built above New York's Port Authority Bus Terminal.

web site

Shipping News

The pain of US port security
THE already lacklustre trade climate faces potentially yet more obstacles at the end of this month when a new US security filing rule could be announced with phased implementation in the first quarter of next year - a move that US businesses have claimed could add US$20 billion in costs.
PSA pulls out of Hazira terminal project
PSA International has pulled out of a joint venture with Royal Dutch Shell to build a cargo container terminal in the Indian state of Gujarat.
Drybulks face sinking asset fallout
Dwindling asset values are upending calculations for previously ordered drybulk newbuilds, and heightening fears on loan covenants.

Strait Talk

Are the world's navies impotent against Gulf of Aden pirates?
LATER this week, I will be travelling to South Africa to cover the International Bunker Industry Association Convention in Cape Town. The last time I was there, it was on a ship in 1973.

Shipping Times

Rail must be a core part of Asian transport: LTA chief
TRANSPORTING people and goods in a sustainable manner in fast-growing Asia is a necessity, not an option. And rail has to be a core component, Land Transport Authority (LTA) chief executive Yam Ah Mee said yesterday in his opening address at Asia Rail 2008.
SMRT's experience helps it stay on track
CHALLENGES abound for the operator of any mass rapid transit system, but experience and a good working relationship with the regulatory authority should overcome them and ensure a successful project.
British architect gets job for NY bus terminal tower
British architect Richard Rogers's firm was chosen to design a 1.3 million square-foot office tower to be built above New York's Port Authority Bus Terminal.

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Seaspan feels no pain, charters new 2,550-TEU ship to CSCL Chicago's Equity International jumps into huge Chinese warehousing deal Global Ship Lease posts US$16.8 million January-September profit Great Ocean Container Line opens offices in four more China cities CSAV to boost capacity of USATLAN service to South America Container truck convoys ambushed on Afghan roads Ballast water systems grab limelight as new IMO convention looms Finland's Merilinja Oy starts Antwerp-Kollola box service Horizon Lines to cuts 70 jobs or 10pc of non-union staff Korean Air loses US$497.6 million in Q3, worst in 14 years AMB opens in Beijing Airport Logistics Park in major property bid China Eastern, Qantas code share to expand mainland network AMX Cargo signs ECS for Central and South America services

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SKULD to enhance presence in Indian market BCHAA grooms its members for Rule '8' exam under CHALR-2004 PM's panel shaping up new incentive package to drive exports again MSME export sector needs 270-day post-shipment credit period too-Fieo chief Nath advises foreign investors to hang on with economy developing

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NOVEMBER 18, 2008
Maurizio Briglia new national chairman of AICM "NVOCC" Two newbuildings for Arkas AUA take over imminent New DHL air express hub in Istanbul Rolling motorway reports higher volumes Averitt Express opened Atlanta facility Truck & Bus World Forum 2008, 8-9 December

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NOVEMBER 18, 2008
Sirius Star hijacking pushes up oil price IMO launches "Go to sea!" campaign Cheaper oil treatment system for ports launched

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NOVEMBER 18, 2008
Tampa Port approves transfer of shipyard lease to Chouest NATO reports more ship hijackings International Shipholding special committee and Liberty trade shots ABS promotes Pendexter USCG to step up civilian marine safety program hires

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NOVEMBER 18, 2008
Somali pirates seize Hong-Kong flagged bulker ANOTHER 25 crew kidnapped as bulk carrier, Delight, is taken en route to Bandar Abbas

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NOVEMBER 18, 2008
Pirates in Sirius Star talks PIRATES started negotiations today to release the hijacked VLCC Sirius Star Pirates push up oil prices CRUDE prices rose 1.4% to $55.72 today in New York in reaction to the pirate attack on the Saudi-owned VLCC Sirius Star 'Partners' helped gain ship release THOR SHIPPING said today it had help from its "local partners" to gain the release of Thor Galaxy and the general cargo ship's crew in Nigeria MPC placing volume falls 30% LISTED German KG house MPC Capital saw its placing volume drop by about 30% across all asset classes in the first nine months Seoul hopes to save ailing builders SOUTH Korea's government, in partnership with its banks, is mounting a major restructuring initiative aimed at preventing the collapse of 'non-viable' shipbuilders Germany tightens tonnage tax GERMANY has decided to limit the coverage of its tonnage tax Dodging pirates means planning INTERTANKO and Intercargo warned today that avoiding piracy off Somalia is less a snap decision than a complex chain of planning decisions that require careful co-ordination

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NOVEMBER 18, 2008
FMC seeks injunction against LA-Long Beach ports' clean-trucks plans Federal Maritime Commission files motion with U.S. District Court in Washington seeking to bar certain provisions of S. Calif. ports' clean-truck plans Balance seen as key to automation of terminals Maersk eyeing acquisitions US issues final rule covering import product safety MOL may mothball ships NYK, W. Wilhelmsen plan Indian auto terminal CCSL sees "grim" outlook FedEx delays China opening C.H. Robinson expands in Europe with Prague opening Customs completes more China C-TPAT validations Marad to study green issues

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NOVEMBER 18, 2008
Environmental groups sue FMC over Clean Trucks Program WCA Family sets up perishable products group Bangladesh agency furore CMA CGM forges new deal for Europe/WCSA service First feeder between Finnish port Kokkola and Antwerp launched

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NOVEMBER 18, 2008
Board in sights Liberty Shipping's Philip Shapiro says he will seek to replace the entire board of International Shipholding Corp. No more nice Guy Intermanager secretary Guy Morel calls on navies to protect merchant ships by taking the fight to pirates. Pirates nab bulker An Iranian-controlled handymax reportedly falls into the hands of pirates in the Gulf of Aden. Bradley burst Broker Joe Bradley picks up 40% of votes cast in last 24 hours to make late challenge as TradeWinds' Cartoon Capers contest draws to a close. ISC responds International Shipholding Corp says Liberty Shipping will not sign the confidentiality agreement it wants for takeover talks. US stocks sink US shipping stocks follow Tuesday's rise and slump, but missed the afternoon rally. Axe 'a good move' Chopping 12 newbuildings including three capes is a major positive for Angeliki Frangou's Navios, analyst says. Notes for Noble Drillship and rig owner launches notes offer to repay $183m in debt and project financing. Windfall awaited Pacific Basin's shipmanagement chief Nigel Cleave says bank seizures of vessels will provide fresh revenue boost for managers. CSAV tries again As Ricardo Claro's brother takes the helm, dropping share price leads Chilean boxship operator to retry share issue. Your move Vela awaits further contact from Somali pirates holding Sirius Star after opening negotiations on Tuesday. Boxship blues Thomas Preben Hansen says owners may want to jettison existing newbuilding deals. Detention upheld Owner fails to win compensation for loss of use of "dangerously unsafe" cruise ship. End slavery MISC's Rajalingam Subramaniam urges owners and managers to form strategic partnership for good of industry. Ferry cheap Online auction opens at AUD 9 for 1920s-built Sydney passengership Baragoola. Mundra revs up Indian port signs deal to set up new vehicle terminal with NYK and Wilh Wilhelmsen. Holding on Niels-Erik Lund says cruiseship market can resist the economic downturn. DHT paying out NYSE-listed tanker owner hikes quarterly dividend after profit piles up. Thor ship freed Danish general cargoship released by Nigerian militants in Niger Delta with 10 Filipino crew safe and well. Seafarer support Shipmanagers leader Roberto Giorgi backs seafarers over criminilisation. Bulk better Long position on vessels in the Atlantic alongside lucrative double sale help Camillo Eitzen to exceed third quarter expectations. No Piraeus pullout A $1.05bn move for Piraeus boxship terminals still viable despite financial turbulence, Cosco says. HIT ditches duo Indonesian owner scraps plan to buy two panamaxes for $170m after rates collapse. Navios cans 12 Angeliki Frangou-run bulker operator cancels a dozen bulker newbuildings in bid to preserve capital. Prisco profits Russian tanker owner inches up nine-month earnings, but revenues fall away. Back above water Andre Goedee-led Dockwise returns to the black in the third quarter. CFO quits. Brit's US plea Besieged Britannia Bulk files for protection from US creditors having amassed debts of $1bn. Davie edges up Struggling Canadian shipbuilder has posted higher profit in third quarter, but nine-month deficit stands at $51m. Vela crew safe Hijacked Saudi Arabian VLCC Sirius Star approaching coast of Somalia, US navy says. Silver lining Andreas Droussiotis says the ending of the boom market for shipping has a silver lining for shipmanagers.

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NOVEMBER 18, 2008
Does China antimonopoly law apply to ocean carriers? Saudi mega-tanker still under pirates' control MarAd, ABS sign research pact Maersk to charter space on CMA CGM service NOAA publishes guide to reduce whale "ship strikes" FedEx delays opening of South China hub Obama transition aides visit DOT Oberstar: Bridge inspections will change Second round of C-TPAT reviews in China FDA opens 3 offices in China ST&R adds Peng to Beijing office Jerschke to take over Poland operations for K + N Savannah looks to boost capacity, market share Potash Corp. rearranges ammonia supply chain

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NOVEMBER 18, 2008
Super tanker hijacked The Liberia-flagged Sirius Star, 319,430 DWT, was hijacked some 420 nautical miles south east of Mombasa, Kenya, on Sunday with a USD 100 million oil cargo. Reports suggest the vessel, built in 2008, has been freed, but the information ... Stolt Valor released Stolt-Nielsen S.A confirms that the Hong Kong registered 25,500 DWT parcel tanker Stolt Valor, built in 2004, now is released. The vessel was hijacked in the middle of September in the Gulf of Aden some 38 nautical miles off ... Odfjell avoids Gulf of Aden Odfjell SE announces that its owned, managed and time chartered vessels that normally would sail through the Gulf of Aden will be routed via the Cape of Good Hope instead. "We will no longer expose our crew to the risk ...

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NOVEMBER 18, 2008
EMSA expands European coverage New tenders fill in the 'gaps' in pollution response network. Wartsila to open new environmental solution centre Unit will focus on developing research into marine scrubbers. Engen refinery remains closed Players see risk of bunker shortages in weeks ahead. 'Grim' prospects for container sector Chinese operator says container shipping has 'fallen in a trough' Management change at Chemoil Karan Chabria has resigned 'with immediate effect' Asian bunkers mixed on Tuesday Busan's 380 cst at a 45-month low. Bunker costs depressed liner's Q3 profits Hapag-Lloyd's operating profits fell 20%. Businesses want lower bunker fuel prices Industries in Zamboanga City want state to cut prices. Indian refiner sells early-December cargo The 380 cst cargo was sold at a discount to a Singapore-based trader. Philippine's largest supplier completes fleet upgrade Four single-hull bunker tankers converted to double-hulls