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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


Long Beach CEO Expects Port Cutbacks This Weekend

Jon Slangerup (Photo courtesy of the Port of Long Beach)

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


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


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.


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


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.


Boat Migrant Found Dead in Mediterranean, 354 Rescued

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


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


San Francisco Bay Ferry Strike Service in Effect

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


Cambodia Urged ASEAN to Avoid Words That Escalate Tension

Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement, the country's foreign ministry said on Wednesday.   Cambodia's support for China's position on an international


Guzmán Re-elected Harbor Commission President, Long Beach Port

Courtesy Port of Long Beach

Harbor Commission President Lori Ann Guzmán was re-elected Monday evening to serve a second one-year term leading the board that oversees the Port of Long Beach, the nation’s second-busiest seaport. The five-member Long Beach Board of Harbor Commissioners also selected Lou Anne


Turkey Scrambles Fighter Jets in Search of Missing Vessels

Turkish F-16 fighter jets scrambled on Wednesday to check reports that missing Turkish coastguard vessels had appeared in Greek waters in the Aegean Sea, Turkish military sources said. They gave no further details. Some Turkish military hardware was seized and used in last weekend's failed coup


Med-Black Sea Oil Tanker Rates Weaken After Failed Coup in Turkey

The cost of shipping oil through the Black Sea and Mediterranean fell on Monday after a failed coup in Turkey over the weekend and shipping sources said there were no disruptions through Istanbul's vital Bosphorus Strait.   More than 290 people were killed and around 1


MPA Launches Inaugural Maritime Youth Festival

Photo: Maritime and Port Authority of Singapore (MPA)

 Senior Minister of State, Prime Minister's Office, Ministry of Foreign Affairs & Ministry of Transport, Mrs Josephine Teo officially opened the inaugural Maritime Youth Festival (MYF).    Organised by Maritime and Port Authority of Singapore (MPA)


LA Port Gears up for LA Fleet Week Inaugural

Image courtesy of  Port of Los Angeles

Organizers of this summer’s inaugural LA Fleet Week 2016 are in full planning mode for the week-long call of U.S. Navy ships on the LA Waterfront  in the days leading up to and including Labor Day Weekend.    Friday September 2, through Monday September 5


Italy Rescues 4,500 Migrants in Mediterranean in one day

In the Mediterranean Sea in 2014, Lt. Kathleen Kostka, from Memphis, Tenn., and Lt. John Yosay, from Boardman, Ohio, both attached to Fleet Surgical Team 4, provide medical attention to migrants aboard the multipurpose amphibious assault ship USS Bataan (LHD 5).  (U.S. Navy photo by Mass Communication Specialist 1st Class Julie Matyascik/Released)

ROME, July 5 (Reuters) - Some 4,500 migrants were rescued from rubber dinghies and a wooden boat in the Mediterranean on Tuesday, Italy's coast guard said, as the sea calmed after a rough weekend.   More than 67,000 migrants have arrived in Italy by sea so far this year


Panama Canal Expansion: Impacts on the Bunker Industry

Photo: Monjasa

The total volume of the Panama bunker market has increased in recent years as price levels are becoming increasingly competitive to U.S. bunker hubs like Houston, New Orleans and New York.   In 2015, reports indicate that approximately 5 percent of the global trade passes through the Panama


Blue Angels Resume Schedule

Blue Angels Crest

The U.S. Navy Blue Angels will return to its 2016 demonstration schedule July 2-4 in Traverse City, Mich., Commander, Naval Air Forces announced. The Blue Angels temporarily stood down, canceling three weekend shows following a crash on June 2 during a practice in Smyrna, Tenn


Vancouver Fraser Port Responds to Community Concerns

Centerm courtesy Vancouver Fraser Port Authority

The Vancouver Fraser Port Authority is aware that a public rally has been organized for this weekend by MP Jenny Kwan and community members in opposition to the proposed Centerm Expansion Project. The port authority respects the right of any group to voice concerns and opinions in a public way.


Greek Cruise Operators Fret over Strikes Sparked by Port Sale

(Photo: Piraeus Port Authority)

Greek cruise ship operators are worried of a lasting impact on the sector from an ongoing strike by port workers protesting against the sale of the country's biggest port Piraeus to Chinese shipping giant COSCO.   Greece in April agreed the sale of a 67 percent stake in Piraeus Port to


Tropical Storm Colin moves into Atlantic

Strong winds and heavy rainfall were expected across the southeastern United States on Tuesday even as the center of Tropical Storm Colin was moving into the Atlantic Ocean. The storm was 90 miles (145 km) southwest of Charleston, South Carolina, at 4 a.m


Port Canaveral Cruise Terminal Undergoes $48 Mln Makeover

Photo courtesy of Port Canaveral

After undergoing a $48.38 million transformation in order to handle larger and modern ships, Cruise Terminal 5 opened this past weekend hosting the Carnival Valor.   The improvements include an expanded terminal, a longer 120-foot longer pier, a new 1,044-space parking garage


Arctic Could Be Ice-Free for First Time in 100000 Years

The measured sea ice extent over 2016, compared to the 1981-2010 average and 2012, when the record low for sea ice minimum extent was set. Graph: National Snow and Ice Data Center

 For the first time in 100,000 years the chilling landscape of Arctic known for its snow-capped mountains and polar bears may be without its sea ice either this year or the next.   Cambridge University Professor Peter Wadhams has made headlines this weekend


Irish Ferries Splashes Out New $161 mln Vessel

Image: Irish Continental Group

 Irish Ferries’ parent company, Irish Continental Group  (ICG) has signed an agreement with German shipbuilder Flensburger Schiffbau-Gesellschaft  (FSG)  to construct a new cruise ferry costing EUR 144 million (USD 161 million).   






 
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