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Summary for April 5, - April 9, 2010:
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Monday, April 5, 2010

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COSCO vessel on Barrier Reef faces $1 mil fine

THE captain of a shipwrecked Chinese cargo ship spewing oil on to the Great Barrier Reef faces government legal action after straying into the off-limits marine reserve and ramming into a sandbar off Great Keppel Island.

Queensland Premier Anna Bligh said the crippled Shen Neng 1, which was leaking a 3km ribbon of oil from a ruptured fuel tank, was at risk of breaking apart overnight in what has the potential to become one of the country's worst environmental disasters.

The ship's owners, the Cosco Group -- China's largest shipping company -- could be fined more than $1 million and its captain $220,000, Ms Bligh said.
The 225m cargo ship picked up 65,000 tonnes of coal from Gladstone and was running at full speed when it crashed into Douglas Shoal, 120km east of Rockhampton, about 5pm on Saturday.

-The Australian

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MOL outlines three-year “Gear Up” plan

Japan’s Mitsui OSK Lines (MOL) announced its three-year “Gear up MOL! Plan” that includes increasing revenues from $14.4 billion in fiscal 2012 to $21.4 billion by 2015.

The shipping group said it also plans to expand its fleet, adding up to 350 ships by the end of fiscal 2015 through acquisition or long-term charter.

Other initiatives in the plan include strengthening business intelligence, improving customer relations, and increased focus on environmental issues

China, Indonesia in major infrastructure investment talks

JAKARTA, April 5 (Bernama) -- President Susilo Bambang Yudhoyono and Chinese Prime Minister Wen Jiabao will discuss a master plan on cooperation in transportation infrastructure development, Antara news agency reported.

Coordinating Minister for Economic Affairs Hatta Rajasa said here Monday the Chinese prime minister would arrive in Indonesia for a two-day visit on April 23, 2010.

According to Hatta the Chinese government had prepared investment funds of more than US$15 billion for the Southeast Asian region.

-Malaysian News Agency

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Ceva Logistics to manage Procter & Gamble supply chain out of Dubai

Ceva Logistics announced it has signed an agreement with Procter & Gamble, to provide chain services in Dubai. Ceva said it would manage customs clearance activities for Procter & Gamble's (P&G's) fast moving consumer goods, transporting the products from the port to Ceva's warehouse and office facility, recently opened in Dubai.

The logistics operator said it would offer pick and pack services and manage the outbound distribution of P&G's products in United Arab Emirates, Saudi Arabia.

Russian freight train blasted; Muslim rebels suspected

A freight train is reported to have been derailed Sunday after suspected Muslim rebels blasted a railroad track in Russia's turbulent North Caucasus region of Muslim-majority Dagestan Republic.

Eight freight cars of the train derailed near Inchkhe station and four of them overturned, but there were no casualties. An inquiry team reached the spot to investigate the incident.

The latest attack came just days after a series of suicide attacks in the country, including those against Moscow Metro and in the Daghestani town of Kizlyar, claimed 52 lives. It also came a day after two policemen were killed in another area of Daghestan.

The attacks have revived the specter of Islamist terrorism in Russia after last such strikes in 2004.

-RTT News

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