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Warning: Holiday Lights on Vessels

The U.S. Coast Guard issued a safety alert reminding mariners, particularly during the holiday season, to not activate display lights that obscure the required navigational lights, unless operating in a holiday boat parade or when the vessel is secured dockside. Alert 09-09 (12/18/09). (Source: USCG Historian’s Office)

Tanker Trends: Markets Lose Steam During Asian Holidays

Tanker markets cooled as Asian holidays took the steam out of recent strength, but some brokers saw it starting to simmer again last week. Holidays in Japan and Korea this week coincided with the end of most charterers' May programs, brokers said May 5. Approximately 18 VLCC fixtures of five million tons were reported in the Middle East Gulf, down from 22 of six million tons the week before, according to broker E.A. Gibsons

Coast Guard Halts Carnival’s Holiday for Investigation

Coast Guard investigators, a law enforcement boarding team, and the Coast Guard Investigative Service are investigating the cruise ship, Holiday, after three separate breaches of security occurred Monday during the passenger embarkation process. The Coast Guard Captain of the Port New Orleans, Capt. Ron Branch, has ordered the Holiday to remain at the Julia Street Terminal until all passengers and luggage are screened again.

Good Friday Container Gate Operations at Charleston

Truck gates at Charleston's container terminals will be open on Friday, April 18th, 2014 with modified holiday work hours.   The interchange lanes and yard will be open from 0800 to 1200 and from 1300 to 1700. Empties, Dry Loads, and Chassis must be    Interchanged in by 1630. If the Ocean Carriers are providing Reefer Service, the Reefers must be Interchanged in by 1600.   In addition, drivers and dispatchers are encouraged to schedule and spread out work to avoid

Far East Holidays Cripple Shipbrokers' Forecasts

The panamax market is clouded by the prospect of Far Eastern holidays in less than two weeks, shipbrokers said on Wednesday. Brokers are unwilling to give forecasts beyond April 29 - the start of Golden Week. "We made it through Easter unscathed, but Golden Week is a different matter. Every year we're shocked at the slack trade, it's like we forget how important the Far Eastern market is," a broker said. Inquiry for Pacific basin panamaxes remained slow with modern tonnage hoping for $11

Carnival Reports Financial Impact of Katrina

Carnival Corporation announced that the severe weather caused by Hurricane Katrina and subsequent port closures resulted in the cancellation of one voyage and the shortening of two voyages, as well as other voyage disruptions and related costs, for the company's Carnival Cruise Lines brand. In addition, Carnival Cruise Lines has two vessels, the Carnival Conquest and Sensation, which homeported out of New Orleans. Given the tremendous damage to New Orleans

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year.   MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan's Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday.   Front-month Brent crude prices climbed over a percentage point to above $62 per

Korean Stocks Fall, Shipbuilders Lead the Way Down

According to a Reuters report, Seoul shares edged down the day after Christmas as holiday celebrations from a string of positive U.S. data were cut short by lingering doubts on the sustainability of a recovery amidst the unresolved debt crisis in Europe. Losses were led by shipbuilders, seen as most sensitive to economic downswings, with Hyundai Heavy Industries losing 2.36 percent while Daewoo Shipbuilding & Marine Engineering dipped 3.88 percent

Offshore Workers Earn More Paid Vacation

North Sea workers have won an extra 14 days of paid holiday in a tribunal held in Aberdeen, according to a report on The Offshore Industry Liaison Committee (OILC) and Unite sited the European Union working time directive in the bid to get more vacation for 10,000 offshore workers, including those in subsea, drilling and catering. In a 150-page ruling, the current 26 week field break was deemed compensatory rest for time workers could not take while offshore. (Source: www

Seaway Workers Ratify Contract

The agreement provides for annual wage increases of 3%, 3% and 3.25% over the three-year span of the contract, one additional paid holiday in February, and increases to shift and skilled trade allowances. The contract includes the necessary flexibility for the Corporation to move ahead with the development of new technology, which is expected to improve the system’s productivity and increase worker safety.

Asia Dry Bulk-Capesize Rates Impacted by China Holidays

Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said.

A Pleasant Sub-prise for Penang Ferry Passengers

The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia.  The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port for the crewmen’s holiday before they start a joint exercise with a Malaysian submarine later.  Penang Port Sdn Bhd senior general manager (corporate support division) Md Derick Basir said the vessel, which is 77.8m long and 7.8m wide, will be here until Oct

 The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia.   The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port for the crewmen’s holiday before they

Dry bulk shipping, Tankers Fall Down

Graph: Drewry Maritime Equity Research

 All stocks under Drewry Maritime Equity Research (DMER)’s dry bulk coverage were down and recorded double-digit negative returns, taking cues from vessel earnings.   The BDI shed its gain of the previous two months and nudged down 20% m/m in August led by a fall in the Capesize

Finland Ports Strike on September 18

Image: Port of HaminaKotka Ltd

 Finland's three big trade union federations plan industrial action on Friday against the government's labor reform program.   Hence, Finnish ports, already suffering from container traffic declines, are set to shut on Friday 18 September.  

US Imports Climb Ahead of Holiday Season

Photo: Port of Los Angeles

Retailers eying the approaching holiday season is expected to spur a 1.2 percent increase in import cargo volume at the United States’ major retail container ports month over the same time last year as season, according to the monthly Global Port Tracker report released today by the National

Dry Bulkers - Spot Market

Dry Bulker: Mitsui O.S.K. Lines

 Capesize - With the Chinese away from there desks during the final part of the week, conditions slowed down considerably with rumors of fixing out of West Australia already showing softer numbers.    Nevertheless, the Pacific basin was still closing on a week-on-week rise thanks

ICTSI Manila Starts Container Booking System


  The Manila International Container Terminal (MICT) in the Port of Manila has started implementing a vehicle appointment system called Terminal Appointment Booking System (TABS) for selected user groups.  Largely seen as a proactive alternative to counterproductive truck bans

Asia-Europe Box Rates Soar Again

A Maersk containership alongside loading (file image: courtesy Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 29 percent to $763 per 20-foot container (TEU) this week data from the Shanghai Shipping Exchange showed. It was the second consecutive week with rises of more than 25 percent for spot rates on the

Boat with 40 African Migrants Arrives on Spanish Island

A boat containing around 40 African migrants including a toddler girl landed on a beach on the Spanish island of Gran Canaria, sea rescue services said on Wednesday. The Spanish Canary Islands off the Moroccan coast were a key route around 10 years ago for migrants from Africa trying to reach

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.   In the Platts window, Vitol sold an 80,000-tonne cargo of Urals from Novorossiisk on Sept

July Surge Leads Long Beach to Record Volumes

Photo: Port of Long Beach

Cargo container volumes surged through the Port of Long Beach in July, with an 18.4 percent increase over the same month in 2014, making July a record month in the port’s 104-year history.   Previously, the port’s best year was 2007, just before 2008’s recession

Greece Sends Cruise Ship, Extra Police to Help with Migrant Crisis

Greece bolstered security at a holiday island struggling to cope with an influx of refugees on Wednesday, a day after frustrated migrants scuffled with police, and pledged to ease the plight of the hundreds arriving daily on its shores.  

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration (MARAD) published a Federal Register Notice of Intent (NOI) advising the public that the agency, in coordination with the U.S

21 Dead as Cargo Ship Hits Party Boat North of Cairo

Image courtesy: SOLYMONE

 Egypt's health ministry said that the death toll from a collision of a cargo ship with a boat carrying people celebrating an engagement, on the Nile the night before has risen to 21, as divers searched for missing passengers.   There were more than 35 people attending a party on board

Striking Ferry Workers to Ease Blockade of Calais Port

Striking ferry workers blocking access to Calais port in northern France agreed on Wednesday to let some boats through, partly lifting a blockade in its third day.   Workers at ferry service MyFerryLink are trying to prevent job cuts after their company was sold to a Danish company

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