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.
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
HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017.
Which safety level should be established for small passenger ships and what is it technically possible to acquire? These are some of the items on next week's IMO agenda. At the 97th session of the Maritime Safety Committee (MSC), the IMO is to take a final position on the choice between these
Philippine President Rodrigo Duterte will issue an executive order declaring part of the disputed Scarborough Shoal a marine sanctuary off-limits to all fishermen, a move his office said was supported by Chinese counterpart Xi Jinping.
Norway’s Kleven has delivered a 116 m superyacht to its owner, Graeme Hart. The vessel left Kleven Verft in Ulsteinvik, Norway this weekend, heading for Germany, where the final completion of the vessel is to be carried out by mid 2017.
Owners seeking to push rates higher, close to year-long highs; dry bulk sector to see greater consolidation - BIMCO. Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain steady next week even as owners try to push rates up close to year-highs
As Western firms wait to for Arctic shipping to show its worth, Asian countries are already betting on the emergence of an Arctic economic rim, reports The Arctic Journal. For centuries, a harsh climate and ice-choked seas dashed the dreams of sailors attempting to cross the
Bumi Armada Berhad, Malaysia-based international offshore energy facilities and services provider celebrated the naming ceremony of the Armada Olombendo Floating Production Storage and Offloading (FPSO) last weekend. Armada Olombendo FPSO represents Bumi Armada’s largest FPSO and it will
Damen delivers stock CSD450 dredger within three working days On Monday, September 19, a Damen CSD450 started winning sand at the Frisian motorway project contractor Van der Lee is working on, just days after the sales contract was signed the previous Thursday
The death toll on the Mediterranean has nearly matched that of all last year, with more than 3,740 migrants and refugees having drowned on their way to Europe, and perilous winter months still to come, aid agencies said on Tuesday. Smugglers are now sending thousands of people on flimsy
China said on Monday the situation at the disputed Scarborough Shoal in the South China Sea "has not changed and will not change", after the Philippines said Chinese vessels that blocked the area for four years had stopped harassing its fishermen.
The Port of Long Beach is helping to clear a significant backlog of empty cargo containers from Southern California and free up the chassis they sit on, as part of an agreement with terminal operator Total Terminals International (TTI) to bring in a container ship to remove up to 4
APL is expanding its Intra-Asia service network with the launch of a new Japan Taiwan 6 (JT6) Service and an upgraded Japan Thailand 2 (JT2) Service. The new JT6 Service links the markets of Japan, Taiwan, South China with the Philippines.
By Erik Matzen and Nikolaj Skydsgaard Swedish utility Vattenfall has won a tender to build Denmark's biggest offshore wind farm, but still faces the potential cancellation of a separate wind project in the country, the Danish energy ministry said on Wednesday.
Mediterranean Shipping Company (MSC) has announced the launch of its sixth service, named SEQUOIA, from Asia to the U.S. West Coast. The new trade provides a direct connections from South China to Long Beach, as well as a shuttle service from South China and transit time of 12 days
APL has announced the introduction of a second vessel to its Guam Saipan Express (GSX) service. Serving both Guam and Saipan, the APL U.S. flagged service will be refined from a fortnightly to a weekly service. “The enhancement of the GSX service is timely as