http://www.fairplay.co.ukContinuously updated news for the shipping and maritime community from Fairplay International Shipping Weekly.60TheNewsSystemSat, 10 May 2008 02:29:32 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000038DAEWOO Shipbuilding is to join with Russia's United Industrial Corporation to develop a new shipyard, according to media reports in St Petersburg.Fri, 09 May 2008 16:16:00 GMTCompany: Daewoo Shipbuilding & Marine Engineering Cohttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000036THE Philippine Supreme Court has rejected an appeal by the country’s ship management firms and crewing agencies to intervene in the 120-day disability case on seafarers’ claims.Fri, 09 May 2008 15:56:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000026RIO de Janeiro headquartered Log-In Logistica has secured a $1Bn contract to transport bauxite for Brazilian steel company Alumina do Norte do Brasil (or Alunorte) over the next 20 years.Fri, 09 May 2008 14:17:00 GMTPort: TrombetasPort: Vila do CondeCompany: Companhia Vale do Rio Doce Valehttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000024LAPTOP files seized from Colombian guerilla group FARC are said to contain details on a Venezuelan plan to supply FARC with weapons shipped in containers through Maracaibo.Fri, 09 May 2008 13:47:00 GMTPort: Maracaibohttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000023FEARS have been rekindled that a work stoppage may result from the continuing labour talks with West Coast dockers.Fri, 09 May 2008 13:30:00 GMTCompany: International Longshore & Warehouse Union (ILWA)http://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000021A SHORTSEA scheme to save ocean-going ships more than $40M each year in fuel costs has been proposed by a maritime business development specialist.Fri, 09 May 2008 13:10:00 GMTCompany: APM Terminals International BVCompany: Horizon Lines Inchttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000016KOREA Shipyard has dismissed rumours of liquidation asserting that the company has been functioning “normally”.Fri, 09 May 2008 11:49:00 GMTCompany: Genel Denizcilik Nakliyati AS (GEDEN LINES)Company: DryShips IncCompany: Quintana Maritime Ltdhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000014DS TORM, the listed Danish bulk shipping company, posted a 1Q08 net profit of $52.2M in line with market expectations despite unstable trading conditions on its core product tanker market.Fri, 09 May 2008 11:36:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000010RISING ship prices and high-value products such as semi-submersibles have allowed Daewoo Shipbuilding to report increased profits and turnover.Fri, 09 May 2008 11:12:00 GMTCompany: Daewoo Shipbuilding & Marine Engineering Cohttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000007THERE is no shortage of oil in the market, said OPEC secretary general Abdalla Salem El-Badri yesterday, and “commercial oil stocks remain above the five-year average”, he added.Fri, 09 May 2008 10:37:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000004ARGENTINA’S ranchers and farmers came out on strike again yesterday after talks with government officials were suspended.Fri, 09 May 2008 10:14:00 GMThttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000001BULK commodities trader and shipping and logistics services provider Noble Group has almost tripled its net profits for 1Q07.Fri, 09 May 2008 08:06:00 GMTCompany: Noble Chartering LtdCompany: Noble Chartering LtdCompany: Fleet Management Ltdhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080509000000DRY bulk operator Courage Marine has achieved higher turnover and profits after cutting down operating and administrative expenses.Fri, 09 May 2008 07:56:00 GMTPort: GuangzhouCompany: Courage Marine Co Ltdhttp://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080508000024THE EC has closed the file in the chemical parcel tanker freight rate fixing case, and will not issue fines against Odfjell.Thu, 08 May 2008 15:21:00 GMTCompany: Odfjell ASACompany: Tokyo Marine Co LtdCompany: Jo Tankers ASCompany: Stolt-Nielsen SA (SNSA)http://www.fairplay.co.uk/secure/display.aspx?articlename=dn0020080508000019CONTAINERS must be weighed if the problem of lost boxes is to be solved, believes Jan-Olaf Probst, vice president in Germanischer Lloyd’s newbuilding division.Thu, 08 May 2008 14:04:00 GMTCompany: Germanischer Lloyd AG (GL)