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. They said 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. This could push rates up on a positional basis, they said. - (Reuters)
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.
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 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
Shipping lines are expected to curtail cargo operations at U.S. West Coast ports again this weekend amid stalled labor talks between the companies and the union representing 20,000 dockworkers, the chief executive of the Port of Long Beach said on Wednesday. "This weekend is going to be yet another limited operating weekend, just like last weekend was," Long Beach port CEO Jon Slangerup said in an interview with Reuters in New York
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
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. The BART strike service schedules will be in effect until BART formally announces the strike is called off. If a partial day mid-day strike occurs
Rescuers found one migrant dead and saved 354 on a fishing boat in rough seas near the southwestern shore of Italy, the coast guard said on Monday. The body was found on Sunday night, adding to the weekend's Mediterranean death toll after 49 people were found dead, probably from suffocation, on an overcrowded fishing boat. Two Italian coast guard ships, a Croatian coast guard vessel deployed under the European Union's Triton maritime mission and a merchant ship carried out
Four refugees drowned and another six were missing off the Greek island of Farmakonisi after their boat sank, the Greek coastguard said on Monday. Four people were rescued, the coastguard said in a statement. The vessel the migrants were travelling on sank in an unknown location north of the
A washed-out road in Kenya has blocked the flow of goods from Kenya's Indian Ocean port of Mombasa for a second straight day, officials said on Wednesday, choking the main trade route into East Africa. Mombasa handles imports such as fuel and other vital goods for Uganda, Burundi, Rwanda
U.S. President Barack Obama said on Saturday that countries should stop building artificial islands and militarising their claims in the disputed South China Sea. "For the sake of regional stability the claimants should halt reclamation
Mayor Eric Garcetti and U.S. Navy officials announced today that Los Angeles has been selected as an official Fleet Week market for the U.S. Navy, beginning in 2016. LA Fleet Week will run through Labor Day, with active military ships beginning to arrive in the days preceding the
Tropical Storm Erika lashed Puerto Rico and the Virgin Islands with heavy rain and fierce winds on Friday, moving across the Caribbean and apparently heading for the Dominican Republic, northern Haiti and eventually South Florida, the U.S. National Hurricane Center said.
Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said. In the Platts window, Vitol sold an 80,000-tonne cargo of Urals from Novorossiisk on Sept
Hurricane Fred strengthened early Monday in the eastern Atlantic as it approached the Cape Verde Islands, while the remnants of Tropical Storm Erika brought flooding to parts of South Carolina, according to U.S. forecasters. The center of Fred is expected to pass near or over the
The Long Beach City Council on Tuesday confirmed the appointments of Long Beach City College executive Lou Anne Bynum and former City Councilman Doug Drummond to second terms on the Board of Harbor Commissioners. Mayor Robert Garcia announced the reappointments last month
The ouster of Australian Prime Minister Tony Abbott has further weakened a Japanese bid for one of the world's most lucrative defence contracts, a A$50 billion ($36 billion) programme to build stealth submarines for Australia, sources say.
Three South Africa youths made history in South Africa’s maritime economy sector at the weekend when they boarded the country’s first registered cargo ship since the dawn of democracy. Similarly, the city of Nelson Mandela Bay also marked its name in the country’s
Lerwick’s Holmsgarth North project reached a major milestone at the weekend with completion of the sheet pile walls of the new pier. Early completion of the piling is a splendid achievement by contractor Tulloch Developments and very timeous before the weather broke
APL today introduced a new fortnightly U.S.-flagged service to Guam and Saipan. The Guam Saipan Express (GSX) will connect with APL’s weekly U.S.-flagged Eagle Express service (EX1) in Yokohama, giving Guam and Saipan shippers an alternative for shipping from the U.S. mainland.
Work has begun to demolish the former Odin Seafood dock on the Prince Rupert waterfront in British Columbia, the Prince Rupert Port Authority announced today. Located between Atlin Terminal and Northland Cruise Terminal on Cow Bay Road
Tropical storm Olaf is strengthening in the Pacific between Mexico and Hawaii and is likely to become a hurricane by Saturday night or Sunday, but is not expected to make landfall, the National Hurricane Center said. The center said Olaf is forecast to become a major hurricane by Monday
Greek dock workers walked out on Thursday in protest at the planned privatisations of the country's two biggest ports, a condition of a multi-billion euro bailout from international lenders. Setting a date to submit binding bids for Piraeus and Thessaloniki ports is one of the actions that