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HOLIDAY

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


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


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.


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


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


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 www.EnergyCurrent.com. 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.


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


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


US Retail Import Patterns Still Uneven

File photo: Port of Los Angeles

Import cargo volume at the nation’s major retail container ports is expected to be mostly down through the summer but should see a significant uptick just before the winter holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation


MSC Cruises, Marlink Enhance Guest Connectivity

MSC Cruises, a privately-owned cruise line and market leader in Europe, South America and South Africa announced that it has worked together with Marlink – the pioneer of business critical communication solutions for customers operating in remote environments – to launch a


US Says It Will Stay in Black Sea despite Russian Warning

USS Mason (DDG 87) (U.S. Navy photo by Casey J. Hopkins)

The United States will maintain its presence in the Black Sea despite a Russian warning that a U.S. destroyer patrolling there undermined regional security, the U.S. Navy Secretary said.   The USS Porter entered the Black Sea this month, drawing heavy criticism from Moscow


Shetland Race Yachts Due at Lerwick

Yachting - Lerwick  Courtesy Lerwick Port

The annual Shetland Race from Bergen will be at Lerwick from Thursday 23 to Saturday 25 June. 2016 marks the 30th annual race which started in 1987 – that first year with only one competitor actually making the trip but it still ranked as a qualifying race


Port Of Hong Kong Volumes Down

Image: The Port of Hong Kong

 Hong Kong port recorded a 16% overall throughput drop in February to 1.2m teu from 1.4m teu in previous corresponding period, accelerating from the 9.6% drop seen in the first month of the year.   The container turnover at port since the beginning of 2016 decrease by 12


Oil Prices Rise in Thin Asian Trade after Break

Oil prices rose in early Asian trading on Monday after a three-day break, but volumes were tiny as a number of markets remain on holiday for Easter.   U.S. crude's front-month contract was up 37 cents at 39.83 a barrel at 0055 GMT.  


Asia Tankers-VLCC Rate Direction Uncertain

File Image: A VLCC transits the Suez Canal (credit: Suez Canal)

MidEast VLCC rates rise by more than $24,000 per day; China and Saudi Arabia fuel chartering surge. Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an uncertain direction next week, brokers said.


Europort to Partner IRANIMEX

Logo Iranimex, powered by Europort,

Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran   Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the maritime


Crimea to be the Hub of Russian Shipbuilding

Image:  Sevastopol Shipyard

 Russia is considering a massive shipbuilding program, utilizing the facilities of Crimean enterprises and plants, reports Pravda.   Russian Deputy Prime Minister Dmitry Rogozin said when paying a visit to a shipyard in Crimea that used to be powerful and promising in the past.


US Imports Rise Steady after 2015 Rollercoaster

File photo: Northwest Seaport Alliance

Import cargo volume at the United States’ major retail container ports has begun its annual climb toward summer levels but is expected to be largely flat when compared with last year’s record high numbers, according to the monthly Global Port Tracker report released today by the


Qatargas' Beach Clean-up Day at Al Ghariya

Qatargas beach clean up day Photo Qatargas

A large number of Qatargas employees participated in the third annual Qatargas beach clean-up held on Saturday (23rd April) at Al Ghariya beach, 85 kilometers North of Doha. Qatargas launched the annual beach clean-up day initiative in 2013 in coordination with the Ministry of Municipality and


Officer Sentenced for Role in Fatal Ferry Crash

The second officer who admitted his actions were responsible for the death of a fisherman, has been sent to prison.   Pasquale Miccio pleaded guilty to a breach of section 58 of the Merchant Shipping Act 1995 as amended, on March 24, 2016 in the High Court of Justiciary, Glasgow


Baltic Dry Bulk Index Dips on Weak Demand

File Image: a FedNav bulk carrier alongside in the St. Lawrence Seaway

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Asia Dry Bulk-Capesize Rates Under Pressure

A so-called ValeMax bulk carrier at the berth (File image: Vale)

Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships on key Asian routes are set to drift lower next week unless there is an uptick in chartering activity from major miners


Tropical Storm Colin moves into Atlantic

Strong winds and heavy rainfall were expected across the southeastern United States on Tuesday even as the center of Tropical Storm Colin was moving into the Atlantic Ocean. The storm was 90 miles (145 km) southwest of Charleston, South Carolina, at 4 a.m






 
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