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LONG WEEKEND

Pacific Panamax Rates Remain Steady

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.


Panamax Trades Firm

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


USCG Issues High Water Warnings

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.


LRAD Deployment Thwarts Pirate Attack

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.


SF Bay Ferry's Re-schedule After BART Strike Ends

Image courtesy of SF Bay Ferry

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


San Francisco Ferry Plans for Possible Transit Strike

Photo: SF Bay Ferry

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


USS Cole is Making Its Way Back

A significant step in the restoration of USS Cole (DDG 67) – which was severely damaged from a terrorist attack in Aden, Yemen, last year – was achieved over the Labor Day weekend when the Aegis destroyer was rolled onto the shipyard’s floating drydock in preparation for launch on Sept. 15, 2001. Northrop Grumman Ship Systems moved the ship over land via a system of electrically powered cars traveling over rails. The shipbuilders have completed the structural replacements and repairs


More AHL Shipping Tankers Facing Arrest

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)  


Royal Caribbean Cruise Ship Rocked in Heavy Seas

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)


SSV Oliver Hazard Perry Scheduled for Newport Appearance

Recent aft view of the hull of SSV Oliver Hazard Perry at Senesco Marine in North Kingstown, R.I. (Photo Credit Rod Smith)

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


Oil Pushes Lower, Undeterred by Bullish Jobs Report

Oil

  U.S. crude oil closed at its lowest since July 2009 on Friday as Brent averaged below $70 a barrel in the week for the first time since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood. Both contracts continued to slide as the market grappled with


Nigeria Maritime Workers' Strike Looms Large

Maritime Workers Threaten Pullout Nationwide

  There are strong indications that the Maritime Workers of Nigeria (MWUN) may shut down port operations nationwide from tomorrow (17 December), and begin an indefinite strike over a number of longstanding issues. At the weekend, the union notified the relevant authorities - such as the


Port of Houston Expecting Record Year

John Moseley, Sr. Director, PHA Trade Development; Ellen Goldberg, Indian Film Festival of Houston (IFFH) Board Member and Immediate Past President, Sister Cities of Houston; Port Commission Chairman Janiece Longoria; Sutapa Ghosh, Founder and Festival Director, IFFH; Atul Badwal, IFFH Board Member; and Port Commissioner John Kennedy

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director Roger Guenther reported to the port commission of the Port of Houston Authority at its monthly meeting Tuesday.  


Keeping to the Schedule in the Pacific Northwest

Photo courtesy of Cummins and Hansen Shipyard

When a tightly scheduled repower for the Kodiak-based trawler Sea Mac in early December took a very bad turn, Mike Fourtner used his 25 years of fishing experience and leadership to pull together a team at Cummins Northwest to solve the problem


Warships Heading to Albany

Albany Convoy Commemorative Event

  HMAS Stuart and Japanese Defense Ship Kirisame departed Fleet Base West late yesterday to participate in the Albany Convoy Commemorative Event this weekend.   The event will commemorate the 100th anniversary of the departure of the first convoy of troop ships to the First World War


St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.m. ET/2200 GMT. A strike would close the key shipping route. Five locals of Unifor, Canada's largest private sector union


St. Lawrence Seaway Workers Extend Strike Deadline

The union that represents workers on the St. Lawrence Seaway, the waterway that links the Great Lakes and the Atlantic Ocean, has extended a strike deadline to Monday at 5 p.m. ET/2200 GMT. A strike would close the key shipping route. Five locals of Unifor, Canada's largest private sector union


Flagship Niagara League Announces Partners

Moree Solar Farm

  Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for cadets at The Maritime Academy of Toledo, and a five-year port agreement with the Put-In-Bay Chamber of Commerce.  


Routine USACE Levee Work Halts Mississippi Traffic

An Inland Pushboat moves its cargo to market (file photo)

Fully loaded barges headed to export market abruptly halted. Waterways Council, Inc. (WCI) and its agricultural and other commodity shipper members and towboat operators are reacting to the U.S. Army Corps of Engineers’ decision to perform, over the next 13 days


PDVSA's Cardon Refinery Slowed by Equipment Outages

Venezuela's state oil company PDVSA said its 310,000 barrel-per-day Cardon refinery was hit by an electrical fault during a weekend storm, resulting in the halting of some units. A storm on the Paraguana peninsula knocked out electricity late on Saturday, the company said in a statement.


Oil Surges After Brent Crash

Oil

  Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply.


Keystone Debate: Obama Rhetoric Rings Half True

President Barack Obama's sharpest criticism yet of Keystone XL this weekend included a controversial contention that the huge pipeline would be used to pump Canadian oil sands crude to global markets, not to U.S. refiners. TransCanada Corp


USCG Assist Duck Hunters Near Harrington Beach Park

Duck decoys line the inside of a 14-foot boat in which two men required assistance from the Coast Guard and the Cedar Grove and Port Washington Fire Departments after the boat began taking on water on Lake Michigan, Nov. 21

  The Coast Guard and the Port Washington and Cedar Grove Fire Departments came to the assistance of two duck hunters on Lake Michigan Friday. The names of those involved are not being released. A 911 dispatcher contacted Coast Guard Station Sheboygan  at 11:30 a.m


China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China Sea that could be large enough to accommodate an airstrip. China lays claim to almost all of the entire South China Sea


Long Beach Port Helps Fund Westside “Livability” Study

The goal of both plans is to improve the quality of life in West Long Beach

  The public is invited to attend the first community workshop to discuss the Livable West Long Beach Plan and Green Terminal Island (TI) Plan on Saturday, Dec. 6, at 10 a.m. at Silverado Park, 1545 W. 31st St. “The goal of both plans is to improve the quality of life in West Long






 
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