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Shipping News

Marine, offshore sectors post record year
For Singapore's marine and offshore industries, last year was a busy year as shipyards endeavoured to fulfil their order books on time and within budget. It was also a rewarding year with many successful completions and deliveries of projects, according to the Association of Singapore Marine Industries (ASMI).
India's Dhamra Port faces 2 years' delay
India's Dhamra Port, being built by Tata Steel and Larsen & Toubro, should be completed in April 2010, two years behind schedule, a port executive said.
Security gap found in US port procedures
A Department of Homeland Security (DHS) programme to strengthen port security has gaps that terrorists could exploit to smuggle weapons of mass destruction in cargo containers, congressional investigators have found.

Strait Talk

AP Moller goes green and spreads the news
DANISH shipping giant AP Moller-Maersk made a lot last week of its efforts to become more environmentally friendly. The company says that increased energy efficiency led to a significant decrease of the CO2 emissions from its fleet. It says that this applies to both container vessels and tankers.

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Shipping News

Marine, offshore sectors post record year
For Singapore's marine and offshore industries, last year was a busy year as shipyards endeavoured to fulfil their order books on time and within budget. It was also a rewarding year with many successful completions and deliveries of projects, according to the Association of Singapore Marine Industries (ASMI).
India's Dhamra Port faces 2 years' delay
India's Dhamra Port, being built by Tata Steel and Larsen & Toubro, should be completed in April 2010, two years behind schedule, a port executive said.
Security gap found in US port procedures
A Department of Homeland Security (DHS) programme to strengthen port security has gaps that terrorists could exploit to smuggle weapons of mass destruction in cargo containers, congressional investigators have found.

Strait Talk

AP Moller goes green and spreads the news
DANISH shipping giant AP Moller-Maersk made a lot last week of its efforts to become more environmentally friendly. The company says that increased energy efficiency led to a significant decrease of the CO2 emissions from its fleet. It says that this applies to both container vessels and tankers.

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WTSA pushes full floating surcharges in July bunker hikes Transport sector continues relief efforts to quake and cyclone zones XICT readies for start of IRISL service from China-Europe MSC adds Houston to west coast South America loop Hayleys Group, Logilink to develop Sri Lanka CFS Kuehne + Nagel to manage Beiersdorf's logistics centre in Vienna OAG forecasts 2008-2017 world airfreight growth of 6.1pc China Southern starts Guiyang-Seoul service Korean Air resumes Mudanjiang-Incheon Sichuan Airlines launches Yichang-Hangzhou route

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MSC launches 'newbuilding' of another kind! TSK Line launches ICS in alliance with Hapag LLoyd, RCL & HMM Export curbs on high-value products, vital supplies being given fresh look Dhamra port Phase-I to be ready by April 2010 ICRA study projects 10-12 pc rise in cargo volumes at ports in 5 years Road-rail vehicle on the horizon Rlys begins fiscal on more freightful note Kolkata airport facelift plan clears first stage Now, more coastal airports on govt's radar Industry sees infrastructure as key growth driver in Karnataka Labour pact inked with Malaysia MANSA President S.P. Rao gets berth on JNPT Board

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MAY 27, 2008
Amstutz elected president of Astag Safmarine and DAL terminate Safdal joint venture DHL officially opened new Europe Hub Belgium/France: new Antwerp'Bordeaux shuttle train Ceva Group with satisfying results

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MAY 27, 2008
Another Somali hijacking NOL's good month Strong results from Gard Bodies found at Ayr

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MAY 27, 2008
GAO: C-TPAT still faces challenges New President & CEO for Aker Philly Petrobras announces discovery in ultra-deep U.S. GoM Stealthgas reports increased net Canada awards Arctic patrol craft contract New role for former HSV-1 Joint Venture

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MAY 27, 2008
Threat of fresh job cuts at Odense-Lindø DANISH shipyard still operating at loss amid Asian competition and weakening US dollar. Bulker order prolongs Odense-Lind' yard survival GNV forced to rethink Marseilles plans GRANDI Navi Veloci reconsidering plans to invest in new ro-pax terminal as soaring fuel costs bite.

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MAY 27, 2008
Spain reforms accident commission THE Spanish government has adopted a barrage of new measures to reform the country's permanent maritime accident and investigation commission, giving more power to maritime experts over the handling of casualties Operations head is new Nordic MD CLAUS Breitenbauch will succeed Flemming Krusell Sorensen as CEO of Nordic Tankers, the Copenhagen-based listed tanker owner, from the beginning of July Grounded cyclone ship named THE 'foreign ship' that ran aground on an isolated island during the tropical cyclone Nargis has been identified as Japan's Eastern Car Liner's (ECL) 9,801dwt Cosmic Leader Shipbroker warns of Capes max CONTINUED flow of newbuildings onto the market combined with conversions of VLCCs to dry bulk carriers is poised to lead to a significant oversupply of tonnage in the large dry bulk carrier sector, a senior shipbroking source says.

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MAY 27, 2008
DHL, FedEx, USPS in cooperative pact DHL has signed a major ground and airfreight agreement with the U.S. Postal Service and air express operator, FedEx Corp. GAO report says C-TPAT needs improvement Maersk drops KNSM vessel Bidders emerge for UK intermodal carrier Export ABCs: Passive payment terms Moller may cut shipyard jobs DHL opens Europe hub FTA for Japan, Indonesia 6 TWIC centers added Air grant for LA-Long Beach Evergreen links Asia, Mexico, Caribbean and C. America

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MAY 27, 2008
Sarkozy to 'press ahead' with French port reforms UK truckers demand an 'essential user rebate' Investment law a 'bottleneck' in Indonesia's port development Maersk reverts to 'off-season' two vessel Morocco service WTSA also moves on fuel surcharges

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MAY 27, 2008
Petrobras wants more Brazilian oil company is on the hunt for chartered-in products tankers, gas carriers and bunkering tankers. Vafias eyes more tankers StealthGas chief doesn't see prospects for LPG carriers to come onto the sale-and-purchase markets. Omega earnings slip US-listed products tanker owner sees profits pull back 16.8% even though revenue jumped. StealthGas profits up US-listed LPG carrier owner posts a 12.2% increase in quarterly earnings as voyage revenue surged. NCL pays for saying aloha NCL America settles federal lawsuit by Middle Eastern mariners who alleged discrimination of men discharged from the Pride of Aloha. Navios in five-year deals Angeliki Frangou-led bulker owner puts three ships on five-year charter at improved rates. Seadrill raises net Profits at John Fredriksen- controlled offshore driller jump by 56.4% even as revenue slipped. More to go at DFDS? Will "Phase 2" of economic reform programme at Niels Smedegaard-led owner lead to more job losses as 340 axed on Tuesday? Lindo sharpens axe Jobs could be slashed as struggling yard aims to reverse its 'extremely difficult financial position'. DFDS axes 340 jobs "Unsatisfactory trend" in passenger numbers leads ferry owner to cut "unprofitable" Norway-UK route. SSC takes a dive Rising costs and falling revenues hit owner's bottom line as fourth quarter profits plunge 164%. French go-slow Workers at key Fos-Lavera oil terminal putting the brakes on in privatisation protest. Mipo wants blocks Korean shipyard considering building new assembly factory to boost capacity. Box blaze doused Shreyas container vessel able to head to Chennai after fire extinguished by another ship. Dutch ship hijacked Negotiations said to be underway as vessel and nine crew captured off Somalia's coast. MIG in the money Greece's largest investment company sees first quarter profits jump despite "adverse business environment". Aboitiz hikes rates Philippines freight and passenger ferry owner plots 20% fare rise to combat higher costs. Fitch down on Essar Ratings agency lowers grade on Indian group's debt over leverage concerns. Nils twists again Big not best on key trade routes while terminal and logistics arms should be more independent, AP Moller CEO Andersen says. Two dead in Ayr The bodies of two men have been found in the hold of a general cargo vessel calling in Scotland. MHI goes nuclear Japanese shipbuilder considers buying into South African reactor maker. HIT hits on tankers Indonesian owner lines up $200m spree on seven ships this year. Incat offloads cat Isle of Man Steam Packet Co acquires 96 metre catamaran for use on its Irish Sea service. Disposal lifts PDZ Malaysian intra-Asian operator returns to the black at start of 2008 thanks to sale of veteran. Alam inches up Malaysian offshore vessel operator sees profits increase due to lower taxes, but revenues decline. What recession ? NOL continues to defy global economic gloom with continued growth in volumes and rates.

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MAY 27, 2008
WTSA: U.S. exporters must "pay own way" Senator Lines to boost Asia/Med slots Safmarine, DAL to end joint venture Kjaedegaard to leave Maersk Co. Dutch ship hijacked off Somalia AOTOS to honor Capo, Garvey, Schwartz Maersk reducing capacity at end of Morocco reefer season NYK using LNG vessel to train cadets British Coastguards honored for MSC Napoli efforts DHL opens new Euro hub in Leipzig Panalpina adds Budapest, Hungary to air freight product Southwest Airlines Cargo adds second Hawaii destination Cargo 2000 selects Presnail as Asia Pacific head ATA truck tonnage index down 1.1% in April Coast Guard proposes rule to control "sweepings" on Great Lakes CARB gets $48 million to help truckers meet air regulations Economist: "No recession, no recovery" for U.S. economy cargo-partner opens office in Thailand West Coast port labor talks going smoothly Guam seeks MarAd oversight of port improvement plan N.Y.-N.J. port plans to lease property for cement terminal

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MAY 27, 2008
Another top leader leaves Maersk Line Maersk Line stands to lose another of its executive leaders in the aftermath of the reorganisation of the company. Jesper Kj'degaard, who until now has been the CEO of Maersk Line in England, has announced that he will leave his ...

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MAY 27, 2008
WTSA accelerates floating bunker surcharges Westbound container traffic will be subject to full surcharges earlier than previously announced. Bunker market report from Praxis Fishermen's fuel protest spreading Strikes that have blocked ports and fuel depots in France escalating as fishermen across Europe are mobilised. EMSA expands search for oil spill recovery vessels New tender launched to provide cover along the Atlantic European coastal area. Barging still tight in Rotterdam Petronas Dagangan to focus on selling bunker fuel The company previously placed little emphasis on marketing the product locally. Bunker costs to hurt Malaysian liner's results Company warns of 'adverse impact' on current quarter's financial results. Planned upgrade could cut fuel oil production Bahrain's only refinery hopes to build unit to convert fuel oil to lighter grades. Delay in fixing Japan's retroactive bunker price NYK Line spokesman says he is 'not yet' able to disclose April's bunker price. Tokyo 380 cst material could reach $700 next month Japanese suppliers expected to try to restore price premium over Singapore.