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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


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 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.


U.S. Port Delay Boost February Air Freight

Global air freight volumes rose 11.7 percent year-on-year in February, driven by the Chinese New Year, the International Air Transport Association said on Wednesday. Freight volumes traditionally increase in the weeks leading up to the holiday, which last year occurred in January


S.Korea to Pay $380,000 to Ferry Victims Families

The South Korean government said on Wednesday it would pay about 420 million won ($380,000) as compensation for each of the 250 students who died or remain missing from last year's ferry disaster, in the first settlement offer to victims' families.


Three in Four Cruise Passengers in the World Will Soon be Chinese

Berth two at the Kai Tak Cruise Terminal in Hong Kong. Credit Hong Kong Tourism Board (HKTB)

 Almost three-quarters of all cruise passengers in the future could be Chinese, according to research by the Hong Kong Tourism Board (HKTB).   The study reveals a potential 83 million cruise passengers in seven source markets within Greater China


Singapore Records Fall in Bunker Fuel Sales Volumes

Image: Maritime and Port Authority of Singapore (MPA)

 Singapore bunker fuel sales fell 7.7% month on month but rose 3.62% year on year, to 3.4 million mt in February, official figures released by the Maritime and Port Authority of Singapore Friday.   Bunker volumes drop to lowest level in eight months


Smooth Sailing for MSC with GE Marine On Board

MSC Preliminary Courtesy GE Marine

  When it comes to taking thousands of passengers on the luxury cruise of a lifetime, it’s reassuring to have a name like GE ensuring you a smooth and pleasant journey.  While MSC with its next generation ships may be setting off to conquer more distant waters


US Navy Sub’s Motor Generator Restored

USS Rhode Island (SSBN 740). (U.S. Navy photo by Rex Nelson)

Portsmouth Naval Shipyard (PNSY) has completed the restoration of the motor generator set for the Ohio-class ballistic-missile submarine USS Rhode Island (SSBN 740) on February 23 – three days ahead of schedule, the U.S. Navy reported.  


German Cruise Market Looks Top Slot

Pic by CLIA Europe

 The ocean cruise market in Germany continues to be one of the fastest-growing tourism sectors. Going by current trends, Germany could rival the UK’s position as the second largest ocean cruise market.   Clia Germany revealed at ITB Berlin that 1


Imports Rising as West Coast Ports Work on Backlog

webContainership_Marad.jpg

  Import cargo volume at the nation’s major retail container ports is expected to rise an unusually high 16.9 percent this month over the same time last year as West Coast ports begin to dig out from a backlog of cargo that built up during just-concluded contract negotiations with


Britannia sails into Southampton

New cruise ship Britannia Credit: P&O

 Britain's newest ever superliner Britannia has arrived in its home port Southampton ahead of its official naming ceremony. It’s the largest cruise ship built for the British market.   It will bear the same name as the Queen's former Royal Yacht Britannia


Manila Port Congestion Eased: Palace

Manila International Container Terminal (by Philippine Ports Authority)

 Malacañang has declared that the congestion at the Port of Manila has been resolved, noting the various measures that the government and the private sector have implemented to address the problem.   Presidential Spokesperson Edwin Lacierda said the operations at the Port of


Maersk Line’s Chinese New Year 2015

Image by Maersk Line

 Eastbound Blank Sailings:  The 4713 Chinese New Year (CNY) begins on February 19th, 2015, and will run for 15 days as the people around the world reunite to celebrate the holiday.    Maersk Line has advised customers of nine blanked sailings over the CNY holiday period


Weak Vessel Demand Keeps Baltic Index at Record Lows

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit another record low on Wednesday as demand for vessels fell ahead of the Lunar New Year holiday. The overall index, which gauges the cost of shipping resources including iron ore, cement


U.S. Labor Secretary Joins West Coast Port Talks

U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.


West Coast Ports Reopen, Labor Sec. Arrives for Talks

U.S. West Coast ports that were closed to incoming cargo vessels during the holiday weekend reopened in full on Tuesday as Labor Secretary Tom Perez arrived in San Francisco seeking to broker a settlement ending months of shipping disruptions.


U.S. West Coast Ports Reopen Briefly

The ILWU has provided the media with several pictures disputing the PMA’s claims that West Coast ports are too congested to unload ships. In fact, they have acres of asphalt waiting for containers and hundreds of longshore

  Clogged ports along the U.S. West Coast reopened to cargo vessels on Friday after a daylong closure, but shippers planned to re-impose a partial shutdown through the holiday weekend barring a settlement in stalled labor talks with the dockworkers union.






 
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