World's largest shipping fair opening in Athens Monday
The Posidonia maritime exposition, the world's largest shipping fair, opens in Athens on Monday with over 15,000 exhibitors from 78 countries scheduled to participate.   full text

UAE urged to upgrade ship supply arrangements
The president of the UAE National Ship Suppliers Association (UNSSA), Saeed Malek, has praised the standard of UAE port facilities while urging authorities to improve on some practical aspects of ship supply arrangements.   full text

Despite shipping woes, local fireworks expected to shine
If fireworks shows this Fourth of July seem to sparkle a little less, blame the shipping lines hauling goods from Asia to the United States.    full text

Zamil Group in talks to set up unit in Sharjah
Saudi Arabia's Zamil Group has said it was in talks with Sharjah authorities to set up a shipyard there.   full text

Venezuelan oil firm may spend $1.3bn on ships
Venezuela's state oil company said it might spend $1.3 billion (R7.9 billion) on tankers from China, nearly doubling the Latin American nation's fleet as it boosts oil sales in Asia.   full text

Quintana Buys 17 Ships for $735 Million
Cargo shipping company Quintana Maritime Ltd. said Friday it is buying 17 ships from a private Greek ship owner for about $735 million.    full text

Accident near UAE coast raises safety concerns Sea Views
Japan and South Korea recalled ships from disputed waters around a remote set of islets Sunday after the countries reached an agreement that defused a tense territorial standoff.   full text

China plans to build two new port regions
The newly-launched container carrier Emirates Shipping Line will commence operations with its first sailing from Colombo on May 24 that will inaugurate the new Indus Express service calling at Colombo, Tuticorin, Nhava Sheva, Mundra, Barcelona, New York, Norfolk, Charleston, Barcelona and back to Colombo.   full text

Australian trade deficit widens
Panama's president will ask voters to approve a multibillion-dollar plan for expanding the Panama Canal to accommodate huge modern cargo ships in what would be the waterway's biggest modifications since opening in 1914.    full text

South Korea, Japan defuse standoff over disputed waters, recall ships
Japan and South Korea recalled ships from disputed waters around a remote set of islets Sunday after the countries reached an agreement that defused a tense territorial standoff.   full text

Emirates Shipping Line announces first sailing
The newly-launched container carrier Emirates Shipping Line will commence operations with its first sailing from Colombo on May 24 that will inaugurate the new Indus Express service calling at Colombo, Tuticorin, Nhava Sheva, Mundra, Barcelona, New York, Norfolk, Charleston, Barcelona and back to Colombo.   full text

Panama plan would expand canal for bigger cargo ships
Panama's president will ask voters to approve a multibillion-dollar plan for expanding the Panama Canal to accommodate huge modern cargo ships in what would be the waterway's biggest modifications since opening in 1914.    full text

Shipping industry’s earnings pass peak
The shipping industry, which has played a vital role in supporting the world commodities boom, is earning far less than it did in the early stages of the boom.   full text

OSI Launches New Product for the Commercial Shipping Market
Offshore Systems International Ltd. announced today that it has released a new Integrated Electronic Chart Display and Information System (ECDIS) and Simplified Voyage Data Recorder (S-VDR) for the commercial shipping market.   full text

Karachi-Mumbai ferry service after shipping protocol with India: Babar
Federal Minister for Ports and Shipping, Senator Babar Khan Ghauri on Wednesday said that the shipping protocol had been approved by the federal cabinet and would be signed either at the end of this month or early in May with India.    full text

DP World to build Dh1.1b Djibouti container facility
DP World will build a new container terminal in Doraleh in Djibouti at a cost of Dh1.1 billion ($300 million). Work will start on the container port, located 11 kilometres from the present one, in June, DP World officials told Gulf News.   full text

Canada to Ban LNG Ships in Nation's Waters, Canadian Press Says
Canada plans to prohibit U.S. owners of liquefied natural-gas terminals in Maine from using waters off New Brunswick to bring large LNG tankers into their plants, Canadian Press reported, citing a member of the federal Cabinet.   full text

Ship-supply business sinks under weight of competition
For the last 65 years, Cavalier Inc. stocked cargo and cruise ships around the world with flare kits, cocktail peanuts, tools, rope and whatever else was needed to keep the crews safe and fed and the vessels motoring ahead.    full text

Tim McClure stays the course as Island View Shipping's strategy pays off
Tim McClure has been in the maritime industry for 35 years - first in the merchant navy and now as managing director of bulk shipping operation Island View Shipping (IVS), Grindrod's flagship subsidiary.   full text

Shipping Co. to Pay $6.5M for Oil Dumping
A Singapore shipping company pleaded guilty Wednesday to seven felony charges and must pay $6.5 million in fines after a ship crew dumped oil sludge and oil-contaminated waste into the ocean, federal authorities said.   full text

Nordic American Tanker Shipping Ltd. Announces Exercise of Over-Allotment Option
Nordic American Tanker Shipping Ltd. (NYSE: NAT) (the Company) today announced that the underwriters of its follow-on offering of 3,750,000 common shares, completed on March 14, 2006, exercised an over-allotment option granted to the underwriters by the Company.    full text

CLSA Plans Shipping Fund to Tap Growing Asian Trade
CLSA Ltd., the Asia investment banking arm of France's Credit Agricole, plans to invest as much as $250 million in ships to ply Asian routes and related service companies, betting a slump in the market will be short-lived.   full text

Horizon Lines to charter new ships
Horizon Lines Inc. has agreed to charter five new U.S. flag vessels for 12-year terms from Ship Finance International Ltd. The foreign-built ships will be deployed in Horizon's weekly service linking the West Coast with Guam and Asia.   full text

Shortage of live export ships may pose problems
There is growing concern about the number of ships available for the live export trade, once new laws come into force in 2008.    full text

Draft rules for shipping crews aim to lift standards
The SA Maritime Safety Authority (Samsa) hopes that draft merchant shipping regulations, which are out for comment, will raise the qualifications of ship's crews and in doing so will elevate the status of South Africa as a maritime nation.   full text

Shipping industry 'unhappy' with budget
The ports and shipping industry is not happy with the higher allocation for the sector in budget 2006-07 negated as it is by the increase in service tax and extension of its coverage. The additional service tax burden is expected to hit cost of logistics rather hard.   full text

Shipping market will remain robust until at least 2009
Buoyed by two years of record new building activity and a booming energy sector, maritime and industrial risk management group Det Norske Veritas (DNV) is confident the shipping market will remain robust until at least 2009 as it develops a new focus on knowledge based services.    full text

Shipping execs challenge port deal critics
Executives in New York's maritime industry yesterday questioned the campaign by Sen. Charles Schumer and other legislators against a Dubai company picked by the Bush administration to run port operations in the U.S.   full text

Shipping industry operates under a multitude of flags
At any given time, it's possible to find a Greek-owned ship flying a Liberian flag, employing a Philippine crew and carrying cargo from China into a U.S. port terminal managed by a British company that hires American longshoremen.   full text

Groups Set to Profit From Ethanol Shipping
On early mornings at East Kansas Agri-Energy, trucks pack the driveway loop to unload bushels of dry, yellow corn into a hopper. By nighttime, those kernels are ready to transform they'll turn into fuel.    full text

Dubai firm's bid to run port at Miami challenged
A company at the Port of Miami has sued to block the takeover of shipping operations there by a state-owned business in the United Arab Emirates.   full text

Hanjin Shipping to order five 10,000 TEU container vessels
Hanjin Shipping said it plans to place orders for five 10,000 TEU container vessels this year.   full text

Weyerhaeuser Launches North American Coastal Shipping Service between Canada and Southern California
A new addition to its shipping fleet will make business easier for Weyerhaeuser and other companies who export products between Canada and the United States.    full text

Foreign shipping firms anchor in India
Most foreign companies entering India are said to be small in size. Indian shipping companies have started to flag out their vessels to foreign countries to avail of tax breaks.   full text

Shipping prices predicted to slide by 10%
Shipping Transport Prices Are Expected To Slide By Another 10 Per Cent This Year As The Global Market Struggles To Cope With Shipping Capacity That Has Been Boosted To Meet Import Demands From China.   full text

Piracy declines sharply in Malacca Straits
Figures released by the International Maritime Bureau (IMB) in its 2005 Annual Report on Piracy Against Ships have shown a significant drop in the number of pirate attacks in the Malacca Straits, down from 38 in 2004 to only 12 attacks in 2005.    full text

Dry bulk shipping rates headed south this year
As the world fleet of coal and iron ore carriers grows faster than the demand for these commodities, shipping rates are predicted to fall for the second year running.   full text

Canadian anti-whaling ship detained
South African authorities have detained a Canadian-registered anti-whaling vessel that has been harassing Japanese ships in the Antarctic on the grounds that it is not seaworthy.   full text

Coscon seeks US$466m loan to buy eight ships
COSCO Container Lines (Coscon), the world's seventh-largest container shipping company, is seeking a US$466 million (HK$3.63 billion) loan to fund the purchase of eight ships, sources familiar with the situation said.    full text

Saudi shipping company plans to acquire new VLCCs
National Shipping Company of Saudi Arabia (NSCSA) is considering acquiring new very large crude carriers (VLCCs) and chemical tankers this year under a five-year expansion plan.   full text

EXA, Inc. Signs International Ship Management Company to Operate Planned Acquisition
EXA, Inc. an innovator of unique, value added cruise vacation experiences, today announced that it has signed Sophlex Ship Management, Inc., a global third party ship management firm, to provide vessel management and maintenance services.   full text

Hyundai clinches $180m tanker deal
Gulf Energy Maritime (GEM), a Dubai-based shipping firm, has awarded a contract worth $180 million to South Korea's Hyundai Mipo Dockyard to build four double-hulled tankers.    full text

Maritime Service Makes Discounts for Exporters
The Maritime and Transit Services Enterprises (MTSE) recently offered a special forwarding service tariff rate for exporters. MTSE informed the Ministry of Trade and Industry of its decision to reduce the forwarding tariff for businesspeople engaged in textile and garment, leather and leather articles manufacturing business.   full text

Shipping Rates for Coal, Iron Ore Rise for Third Day
The cost of shipping commodities such as iron ore and coal rose for a third consecutive day as demand for vessels to move cargoes on benchmark trade routes increased after the year-end holidays.   full text

Trawler sinking - ship impounded
A Maltese-registered cargo ship has been impounded and its captain questioned following the sinking of a French trawler off the Alderney coast. The Sichem Pandora is thought to have been in the area where the Kleine Familie disappeared on Thursday.    full text

Shell Ships First Oil from Bonga Field
Shell Nigeria Exploration and Production Company (SNEPCO) says that the first crude oil from the Bonga deepwater oil and gas field offshore Nigeria was shipped.   full text

Shipping Trade Act to check middlemen
The shipping ministry has given in-principle approval to the proposed Shipping Trade Practices Act, a legislation aimed at tightening control over shipping industry intermediaries.   full text

Shipping min approves final draft on NMDP
The final draft of the National Maritime Development Programme (NMDP) has been approved by the shipping ministry. It will now be sent to the infrastructure committee under the PM for approval.   full text

China's shipbuilding output hits 12 million tons in 2005
The output of China's shipbuilding industry reached 12 million tons in 2005, making up 18 percent of the global share, according to the China Shipbuilding Industry Association. full text

Iraqi ship ploughs on in choppy waters
If Iraq was a ship one might be saying at this stage: "Unsteady as she goes." The ship of the Iraqi state has a course set for constitutional government, leading, it is hoped, to stable and democratic rule in a unified country.   full text

Shanghai opens new shipping port
Shanghai China has opened the first phase of what could eventually become the world's largest container shipping port, a huge deepwater facility that sits on an island 32 kilometers out at sea.   full text

Pakistan, India finalize draft: Shipping protocol
A draft of revised shipping protocol between Pakistan and India has been finalized by visiting Indian delegates and the Pakistani ministry of ports and shipping.   full text

U.S. Shipping Partners L.P. Signs Long Term Time Charter with Morgan Stanley
In September 2005, U.S. Shipping Partners L.P. (the "Partnership") announced that it had completed the acquisition of the product tanker the M/V Houston.   full text

NASSCO Delivers the Double-Hull Oil Tanker Alaskan Navigator to BP Oil Shipping Company
National Steel and Shipbuilding Company, a wholly owned subsidiary of General Dynamics, has delivered the Alaskan Navigator, the third of four Alaska- class double-hull crude oil tankers being built for BP Oil Shipping Company, USA, a subsidiary of BP p.l.c. (ADR-NYSE: BP). The delivery was completed on November 22.   full text

Shipping lines shaken up by two takeovers
A reorganisation of shipping services to New Zealand is under way in the wake of the takeover of P&O Nedlloyd by Maersk and the takeover of CP Ships by Hapag-Lloyd.   full text

Chavez ships cheap fuel to American poor
Venezuelan President Hugo Chavez has pulled off a public relations coup in his long-running campaign to irritate the Bush administration, concluding a deal to supply cheap fuel to thousands of poor residents of Boston and New York.   full text

Competitiveness Would Increase with Repeal of Exemption for Liner Shipping Conferences from EC Treaty
Global Insight, the private company that brought together DRI and WEFA, the world's most respected economic analysis, forecasting and financial information companies, has announced the release of a major study for the European Commission, "The Application of Competition Rules to Liner Shipping," in association with the Berlin University of Technology and the Institute of Shipping Economics and Logistics in Bremen.   full text

Indian shipping industry has a long way to go
India's shipping industry is lagging at least 10-15 years behind China's, according to a report. However, it does have the potential to perform better and close the present gap, wire agency IANS said quoting international maritime analysts in a report in online newspaper newKerala.com.   full text

Tribunal gives SA nod to shipping giants’ merger
The Competition Tribunal has conditionally approved the merger of international shipping giants AP Moller-Maersk and P&O Nedlloyd, paving the way for the creation of the world’s largest container shipping company.   full text

Turkey's Palmali Shipping orders 7th tanker from MNP group
Turkish shipping company Palmali Shipping has ordered its seventh dry cargo tanker from Morskiye I Neftegazoviye Proyekty (MNP) Group, MNP said in a release.   full text

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