Freight rates for panamaxes trading the Pacific remained firm due to a flurry of business ahead of the Lunar New year, shipbrokers said on Tuesday. In the Far East, owners of larger panamax sizes have been negotiating firm returns recently and continue to do so. Chinese charterers told shipbrokers that business there will grind to a halt between January 24 and 30 in observance of the Lunar New Year celebrations. Brokers added that the impending holiday will start to affect the panamax markets by the end of the week and added that demand during the following week could be limited. Meanwhile, despite a firmer tone in the Atlantic panamax sector, many shipbrokers believe that in the near term, the sector will be at best steady, due to a recent sentiment that Atlantic rates could see a revival was based more on optimism than fact. Brokers pointed out that only limited orders were emerging in the U.S. Gulf due to a long weekend in the U.S. and saw no reason to hint that rate trends would change sharply for the better. However, severe weather patterns on Atlantic trading routes could cause disruption and delays in the weeks ahead for the panamax market, thus pushing rates up on a positional basis, brokers added. The Baltic Panamax Index saw fractionally better rates for Atlantic trades on Tuesday, hinting the sector is tending towards a more stable position.
Freight rates for Panamaxes trading the Pacific remained firm due to a flurry of business ahead of the Lunar New year, shipbrokers said on Tuesday. In the Far East, owners of larger Panamax sizes have been negotiating firm returns recently and continue to do so. Chinese charterers told shipbrokers that business there will grind to a halt between January 24 and 30 in observance of the Lunar New Year celebrations. Brokers added that the impending holiday will start to affect the Panamax
The U.S. Coast Guard issued a safety travel advisory for sections of the upper Mississippi and Missouri rivers due to rising water levels near St. Louis. The Coast Guard said barges traveling on the upper-Mississippi River near Alton, Illinois, to Cape Girardeau, Missouri, (mile markers 205.0 to 55.2) and on the Missouri River near St. Louis (mile markers 0.0 to 150.0) were advised to watch for sudden changes in river conditions over the next several days.
American Technology Corporation (ATC) (NASDAQ:ATCO), announced that its LRAD 1000X directed sound system was used by the Japanese Maritime Self-Defense Force to help prevent a pirate attack on a Singaporean tanker off the coast of Somalia on the weekend of April 4. Responding to a distress call from the tanker, a Japanese destroyer used LRAD’s powerful voice commands to identify itself and warn the pirates away.
With the ending of the BART workers' strike, SF Bay Ferry say they were pleased to do their part, having carried triple the number of commute passengers. Boats carried more than 54,000 passengers‹triple their pre-strike daily average. Below is a cumulative overview of total SF Bay Ferry ridership from July 1-3, 2013. UPDATED SCHEDULE: This weekend, July 6 and 7, SF Bay Ferry will be running regular weekend service between Vallejo and San Francisco
With the announcement that BART Unions and BART management have requested an extension of their negotiations for another day, the SF Bay Ferry will continue with its regular weekday schedule Wednesday, October 16. If a partial day midday strike occurs, San Francisco Bay Ferry will operate its strike schedule for the whole day and will return to its regular schedule the next morning. Weekend BART strike service will be provided to/from the Vallejo, Oakland
According to an April 19 report from Lloyd’s List, two more vessels owned by AHL Shipping face arrest after bunker suppliers brought lawsuits at the weekend. (Source: Lloyd’s List)
According to a Dec. 13 report from CBS, a Royal Caribbean cruise ship carrying about 1,000 Americans was jolted by high seas in the Mediterranean over the weekend, causing some damage and minor injuries onboard. (Source: CBS News)
Royal Caribbean International’s two Asian-based cruise ships Voyager of the Seas and Legend of the Seas both arrived at Marina Bay Cruise Center Singapore in the morning and were berthed side by side for the first time here. Voyager of the Seas, the largest cruise ship based in Asia, was starting on her eight-night cruise to Shanghai while her sister ship Legend of the Seas was leaving for a two-night Malacca weekend cruise as part of her Singapore season. www.royalcaribbean.com
Fundraiser, dedication ceremony and public visits to highlight ship’s visit over July 4 weekend. It’s not just Rhode Island but the whole of North America that is watching as the SSV Oliver Hazard Perry becomes a reality. The 196-foot, three-masted, square rigged tall ship, currently under construction and designated by the legislature and the Governor of Rhode Island as the state’s official “Sailing Education Vessel
An elongated area of low pressure located about 350 miles east of the Lesser Antilles has a 50 percent chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Thursday. "Environmental conditions are expected to be conducive for
The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water, is scheduled to arrive at the mouth of the Columbia Sunday
At least 25 migrants die during weekend Mediterranean crossings; Italy says has rescued almost 4,000 in last 48 hours. Italy's search and rescue services have found six more bodies in the Mediterranean to add to the death toll of 19 over the weekend, the navy said on Monday
Labor Day weekend marks the unofficial end of the boating season and is known as one of the busiest recreational boating weekends on the Ohio River. With approximately 2,000 boaters taking to the water, the increased recreational traffic presents additional safety hazards.
Iran and six world powers on Friday agreed to a four-month extension of negotiations on a long-term nuclear deal that would gradually end sanctions on Tehran in exchange for curbs on its nuclear programme, diplomats close to the talks said.
Italy's navy said it rescued nearly 1,800 migrants in overcrowded boats in the Mediterranean over the weekend, and a merchant ship recovered five bodies from a sinking rubber raft off the coast of Libya. Calmer summer seas have led to a surge in people trying to reach Italy from North Africa
Undergoing Repairs While Coast Guard Investigates The U.S. Coast Guard is investigating a weekend incident that caused pier damage and scattered concrete debris in the harbor on Sunday. No injuries occurred and cleanup continues today.
After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly unable to find enough buyers willing to take a risk on million-barrel cargoes of disputed crude
A fleet of seven cruise ships attract 600,000 visitors to the fourth Hamburg Cruise Days. It was ‘time to say goodbye’ to the Deutschland and AIDAstella last Sunday, not only for the cruise passengers, but also for the many visitors to the fourth Hamburg Cruise Days.
Brent crude slipped under $105 a barrel on Monday, dropping from a one-week high hit on Friday, as U.S. intervention in Iraq eased concerns over the risk of disruption to supply from OPEC's second-largest producer. * U.S. conducts air strikes on Islamic State targets in north Iraq
Three major maritime organizations, the Company of Master Mariners of India, the Institute of Chartered Shipbrokers and Shipping Professionals Network-Mumbai teamed up to focus on the recent International Maritime Organization’s (IMO) initiative on container weight verification
Coal miners have called on the government to extend the transition period for implementing a new coal-export rule that creates longer procedures before shipment. In a change to previous arrangements, from Sept. 1 Indonesia, the world’s biggest exporter of thermal coal
Bad weather was hampering a desperate search on Monday for two foreign tourists still missing after a boat travelling between two Indonesian islands sank at the weekend, although 13 more people had been plucked from the water alive, officials said.
Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said. Germany's Wintershall has also resumed production for the 220
China rejected Philippine complaints on Wednesday about Chinese survey vessels operating in a gas-rich area of Manila's exclusive economic zone, and has lodged a separate complaint about the detention of Chinese workers, as tensions persist.