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
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
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.
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
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
A tanker that had been blocked for three weeks in a stand-off over oil exports at the eastern Libyan port of Marsa al-Hariga entered the port and began loading on Thursday, officials said. The Seachance, which had been waiting to load oil for Glencore on behalf of the Tripoli-based National Oil
At its third annual Celebrating Education event, held at McBride High School on Thursday, May 12, the Port of Long Beach recognized scholarship and high school internship recipients and announced a new initiative to broaden its educational outreach through a specialized academy at Cabrillo High
Subsidy extended, largest marine terminal adds functions to night gates A $1.5 million subsidy program to stimulate night and weekend business at the Port of Oakland has been extended. The port’s largest marine terminal operator responded saying it will use the program to further
An estimated 113 people died in four shipwrecks between Libya and Italy at the weekend as the crossing becomes the preferred sea route for migrants to Europe, the International Organization for Migration (IOM) said on Tuesday. With the closing of land routes in the Balkans and a recent deal
An outbreak of the norovirus stomach bug has sickened 160 people aboard a Fred. Olsen Cruise Lines ship docked at Norfolk, Virginia, U.S. health officials and the company said on Friday. The norovirus outbreak took place aboard the Britain-based line's Balmoral during a transatlantic
A large number of Qatargas employees participated in the third annual Qatargas beach clean-up held on Saturday (23rd April) at Al Ghariya beach, 85 kilometers North of Doha. Qatargas launched the annual beach clean-up day initiative in 2013 in coordination with the Ministry of Municipality and
German Chancellor Angela Merkel will use a visit to Turkey this weekend to try to soothe tensions over a deal meant to stem the flow of migrants to Europe as questions about its effectiveness and long-term viability mount. The pact, which came into force almost three weeks ago
OSV@Vivo has been taken to the heart of the Singapore public with an anticipated 4,000 visitors, expected to throng the two state-of-the-art Offshore Support Vessels (OSV) “Pacific Legacy” and “VOS Prince” moored at local shopping mall Vivocity Waterfront Promenade from 21
The National Shipping Company of Saudi Arabia (Bahri) has inked a Murabaha Facility Agreement with Riyad Bank over the weekend to fund an order for five very large crude carriers it made with Hyundai Samho Heavy Industries. The Islamic financing facility was secured with Riyad Bank
The first saltie of the 2016 season, the Albanyborg, is underway and expected to sail into the Port of Duluth-Superior this weekend. ETA is approx. 5 p.m. Sunday, April 3. The ship will pass through the Duluth Ship Canal and beneath the Aerial Bridge before making its way to the Clure Public
China's Foreign Ministry said on Monday that a Chinese coast guard vessel did not enter Indonesian waters after Indonesia protested against what it called an infringement of its waters by a Chinese vessel near a disputed area of the South China Sea over the weekend.
If the price of the product your company produced had just experienced a 20 percent price surge in one day, its biggest jump ever, it would be reasonable for you to be overjoyed. But maybe not if you are an iron ore miner. This month's leap in Asian spot iron ore prices coincided with the
The German flagship of Standing NATO Maritime Group Two (SNMG2) FGS BONN is the first NATO ship to enter the area of activity for a first patrol around the Greek island of Lesbos. Over the weekend, NATO had expanded the area of activity into the territorial waters of Turkey and Greece
Officials to inaugurate French container vessel CMA CGM Benjamin Franklin, biggest ever to visit North America The largest containership ever to dock at a North American seaport has returned to Southern California. The Benjamin Franklin will officially enter service for the first time on
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California. It will visit Long Beach Thursday bringing goods from China.