TABLE-China Shipping Container Q1 net at 488 mln yuanApr 22, 2008

April 22 (Reuters) - Three months ended March 31, 2007 (in million yuan unless stated) Shr (yuan)             0.042 Net                       488.05 Company name    China Shipping Container Lines Co Ltd. NOTE - China Shipping Container Lines owns and operates container vessels. The results were prepared in accordance with Chines...

PPL Shipyard on Schedule to Deliver Aban VIII Apr 22, 2008

Sembcorp Marine's subsidiaries, PPL Shipyard Ltd and Sembawang Shipyard Pte Ltd, are on track to deliver a Baker Marine Pacific Class 375 designed jackup to Aban Singapore Pte Ltd, a subsidiary of Aban Offshore Ltd of India. The jackup was christened Aban VIII by Mrs. Deepa Reji, wife of Mr. Reji Abraham, Managing Director of Aban Offshore Ltd, in a na...

Wrecked cargo ship Napoli had design flawApr 22, 2008

The Napoli, the container ship that was grounded off Devon after spilling cargo on the shore, had a fundamental design flaw, was being sailed too fast and was loaded to the limit, according to a report by the Maritime Accident Investigation Branch (MAIB). The hull of the Napoli, built in South Korea, fractured and the engine room flooded It 16-year-...

U.S. Justice Department probes Jones Act lines Apr 22, 2008

Pricing practices of at least some ocean carriers in the U.S.    mainland to Puerto Rico trade are being investigated, and it is unclear whether the probe may include other domestic trade lanes.   All four major container carriers between the U.S. mainland and Puerto Rico -- Horizon Lines, Crowley Maritime, Sea Star Line and Trailer Bridge -- hav...

Evergreen shuffles transpacific network Apr 22, 2008

Taiwanese ocean carrier Evergreen Line is undergoing an extensive reworking of its transpacific service operations. The Taipei-based operator has already merged its weekly TPS (previously five ships averaging 5,731 TEUs) and CPS (four ships at 5,370 TEUs) services, to create a butterfly string called AUS using nine vessels with an average capacity of...

Frew quits GE SeaCo Apr 22, 2008

Container leasing company GE SeaCo said Chief Executive Officer Angus Frew has left to pursue new opportunities. Frew, originally a chartered accountant, joined GE SeaCo in 2002 after 12 years in the beverage industry working for Diageo and Seagram.   David G. Amble, chairman of the GE SeaCo board, will serve as acting CEO until a permanent repl...

FSL Trust buys, leases back two crude tankers Apr 22, 2008

New container service between Busan, Dafeng Apr 22, 2008

Centrans Shipping International Marine has started a weekly container service between Dafeng Port in China's Jiangsu Province and Busan in South Korea. The 704-TEU Vega Sonja is scheduled to make its maiden call at the Korean port Tuesday. According to a release from the Busan Port Authority (BPA), the new service will allow Centrans to handle its...