According to a report from Xinhua, a German freight ship was seized on the morning of Oct. 24 by pirates off the coast of Kenya, a spokesman for the German army said. The spokesman said pirates attacked and captured the ship about 1,930 km east of the Kenyan city of Mombasa. The ship belongs to German shipping company Beluga-Reederei, but it was not immediately known how many people were on board, said German media reports. (Source: Xinhua)
The Coast Guard is searching for the master of a freight ship reported overboard approximately 60 miles east of Wake Island Sunday. Watchstanders at the Coast Guard Joint Rescue Coordination Center were notified at approximately 6 p.m. Saturday, regarding a 49-year-old male Polish national who was reported overboard from the 622-foot freight ship Toscana. The master was last seen at approximately 8 p.m. Friday
The Shipbuilding Joint Stock Company (SHINEC) has won a $200,000 contract to build the interiors for five ships owned by the RAON group of the Czech Republic. The work, covering wooden wall and floor planks, furniture, cupboards and lounge bars, is expected to last through the end of the year. The conversion of five ships owned by RAON into luxurious “floating hotels” is part of the largest-ever ship engineering project by the Republic of Czech
The U.S. Department of Justice announced that four individuals have agreed to plead guilty for their involvement in a conspiracy to eliminate competition and raise prices for moving freight between the Continental U.S. and . A fifth shipping executive has agreed to plead guilty to destroying evidence of the shipping conspiracy. The five executives charged work for large companies that provide freight shipping services to customers transporting goods between the continental and
The search for a crew member missing from a containership between Bayonne, N.J. and Ocean City, Md. was suspended, the U.S. Coast Guard reported. The crew member was last reported aboard the 600-foot, Marshall Islands flagged freight ship Ibrahim Dede after departing Bayonne. The crew discovered the man was missing while the ship was in transit to its next port, notifying Coast Guard watchstanders at Sector Hampton Roads at approximately 4:30 p.m. Tuesday.
Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry. Spot freight rates on the world's busiest trade route have halved since the start of the year after falling 26 percent to $545 per 20-foot container (TEU) this week -- a level not considered to be commercially viable for most vessels.
USCG inspectors in Dutch Harbor detained 281-ft. freight ship Jacha for the third time since Aug. 1998 due to Safety of Life At Sea violations (SOLAS). Inspectors found seven discrepancies aboard 14-year-old Jacha, including fire doors that didn't close properly, an incompetent fire drill and water leaks on the vessel's main engine. Due to Jacha's history of safety discrepancies, this time, it is not permitted to conduct any cargo operations
The Ports of Indiana today announced new key initiatives to expand its economic development role. After a year-long strategic planning process involving in-depth research and interviews with industry stakeholders, the organization made the decision to expand its current role and aggressively grow its core business. The Ports of Indiana's new initiatives include spearheading the evaluation of an inland intermodal rail port in Indiana and pursuing increased development financing authority.
The United Arabs Emirates Shipping Association, a representative body for UAE-based commercial shipping, is supporting the efforts of the UN, IMO, and UAE Ministry of Environment and Water and DMCA in advocating for a global and open verifiable emissions trading program. One of the challenges that face the marine industry is reconciling their global reach with local expectations. As of the last IMO Marine Environmental Protection Committee (MEPC) meeting there is no globally accepted or
A Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew, forward deployed in Cold Bay, Alaska, medevaced an ailing mariner off the Turkish-flagged 600-foot freight ship 26 Agustos approximately 230 miles southeast of Dutch Harbor, Alaska, Saturday morning. The Jayhawk crew safely hoisted the 46-year-old man and transported him to awaiting emergency medical services in Dutch Harbor. Watchstanders at Coast Guard Communication Station Kodiak received notification that
Freight ferry company Seatruck is reporting growth of more than 18pc in 2016 consolidating its position as the fastest growing operator on the Irish Sea, as more hauliers switch to its services. Seatruck chief executive Alistair Eagles said freight levels are also up 30pc in November 2016
Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the maritime transport of counterfeit goods. Leaders from global shipping firms, freight forwarders
Capesize rates 26-33 pct higher than a year ago, but could fall towards Chinese New Year. Freight rates for large capesize dry cargo ships on key Asian routes may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand, ship brokers said.
Rates gain 10 Worldscale points in a week; but rates in 2017 may be lower than this year -Bancosta. Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry, which propelled hire rates to an eight-month high on Thursday, peters out
Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their highest since July, driven by demand for loadings at the end of November at a time when many Aframaxes are storing oil at sea.
Following its bankruptcy filing, Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most of its chartered vessels to owners, reports Bloomberg. All but three of the remaining 14 ships are either stranded or have
South Korea’s Korea Line has been picked as the preferred bidder to buy the troubled shipper Hanjin Shipping’s Asia-US operations, beating Hyundai Merchant Marine, reports Reuters. The judge at the Seoul Central District Court
Rederij Doeksen has contracted Damen Shiprepair Harlingen to carry out the conversion of its 47.15-meter-long freight catamaran, Noord-Nederland. The conversion work will provide Rederij Doeksen with increased capacity to manage seasonal fluctuations in freight demands.
At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year. “Seaborne cargo throughput in the Port of Hamburg has stabilized and for the first three quarters of 2016 again
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
CMA CGM, the world's third-largest container shipping company, posted on Friday another net loss in the third quarter as freight rates remained weak and it integrated Singapore-based NOL, its biggest-ever acquisition. The sector was showing the "first signs of stabilisation" as
Aggressively deploying zero and near-zero emission trucks and cargo-handling equipment and expanding programs that reduce ship emissions are among the core strategies the ports of Los Angeles and Long Beach are proposing for the next version of San Pedro Bay Ports Clean Air Action Plan (CAAP).
In this white paper, Drewry consultants investigate the drivers behind the accelerating use of new e-business models and online platforms in international shipping transactions and assess the implications for freight forwarders, ocean carriers and those investing in the technology and
Belgium is Sweden’s eighth largest export market. The Swedish shipping company SOL is about to expand its departure frequency between the Port of Gothenburg and the Belgian port of Zeebrugge. The change will offer greater scope for Swedish import and export companies to ship freight to and