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
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
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.
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
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.
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
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
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)
Putin orders troops in military exercise back to base. U.S., EU warn Russia could face sanctions over Crimea; U.S. crude inventory likely rose 1 mln bbls last week. Oil fell more than $1 on Tuesday to below $110 a barrel after President Vladimir Putin recalled troops to base from military
Reuters - European physical coal prices rose on Monday along with gains in gas, power and crude oil markets across the region, reflecting escalating tensions between Russia and Ukraine. Cargos for delivery in April to the ports of Amsterdam, Rotterdam and Antwerp (ARA) were trading at $74
By Shadi Bushra, Reuters Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth. Libyan oil output plunged further over the weekend
Lloyd’s Register Marine has created an easy-to-use app for smartphones and tablets, enabling its clients to access ship and fleet data from anywhere in the world This new app, using the functionality of LR’s award-winning web service Class Direct
The Coast Guard is alerting residents of ice-breaking activities scheduled to begin Tuesday and last into the weekend. The nearest towns to Pere Marquette Lake are Ludington and Scottville, Mich. The research vessel Sikuliaq is scheduled to transit through Pere Marquette Lake multiple times in
The Panama Canal Authority (ACP) said talks will continue with Zurich American and Grupo Unidos por el Canal, S.A. (GUPC) (formed by the companies Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de Nul Group (Belgium) and Constructora Urbana, S.A
Victor Mooney of Flushing, New York, reunited with his 24' rowboat christended the Spirit of Malabo over the weekend. Mooney and his vessel are currently at Pasito Blanco Yacht Club in Maspalomas, Gran Canaria, in the Canary Islands. The Canary Islands is an archipelago of islands located off
In response to an announcement by Grupo Unidos por el Canal, S.A. (GUPC) that it intends to suspend work from Monday, 20, January 2014, the Panama Canal Authority (ACP) has responded that they consider that decision to be: "Not valid, lacks merit and goes against what is established in the
TOS conducted its first ship delivery for a client based in Paraguay. The GF Humaita has been purchased by a client in Singapore and will be delivered to Uruguay, Montevideo. The tug left Singapore in the beginning of December 2013. Last weekend the tug had a stop-over for bunkering in Cape Town
Montreal-based CANDEN Marine Fuel Services Ltd. announced the opening of its new East Coast Canadian office. The organization forms one of the independent marketers of marine fuels in Canada with a focus on the Canadian and American East Coast ports, as well as the ports in the Caribbean.
The Port of Kiel is getting an additional direct intermodal train service. From February 3, 2014, a complete block train will operate three times a week in both directions between the Port of Kiel and Duisburg. The trains are 490 meters long which means that 24 slots will be available per
The U.S. Coast Guard is responding to a disabled vessel approximately 86 miles south east of Montauk, N.Y., today. Coast Guard Sector Long Island Sound communication watchstanders, in New Haven, Conn., received notification from a good samaritan vessel relaying communications for the disabled
Greenpeace International said it has already posted bail for nine of the Arctic 30, but does not expect them to be released before the weekend. Lawyers say they are making bail payments - set at 2 million rubles (€45,000) for each detainee - as quickly as they can.
Eighteen Northrop Grumman Corporation employees received awards for their achievements at the 2013 Women of Color STEM (science, technology, engineering and mathematics) Conference in Dallas this weekend. The conference recognizes outstanding women in the STEM fields and provides opportunities for
With the announcement that the BART Strike is on, the SF Bay Ferry has implemented increased service on most routes. Enhanced service will begin with a 5 a.m. Vallejo departure to San Francisco on Friday, October 18. See sanfranciscobayferry.com for all BART strike schedules.