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Freight Ship

Pirates Seize German Ship off Kenya

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)  


USCG Search for Man Overboard

  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


SHINEC Builds Interiors for RAON

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


Shipping Execs Agree to Plead Guilty

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


Search for Containership Crewman Suspended

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.  


Box Rates Drop, Chinese New Year No Help

File Image:Maersk

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 Detains Foreign Freight Vessel Again

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


Ports of Indiana Announces New Strategic Initiatives

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.


Dubai Maritime City Authority Supports Environmental Efforts

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


USCG Medevacs Mariner SE of Dutch Harbor, Alaska

Coast-Guard-MH-60-Jayhawk. Courtesy USCG

  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


Aframaxes Taken for Short-term Time Charters in Asia

File photo: Tsuneishi Shipbuilding Company

The Asian Aframax market is currently stable but seems to be facing a more positive outlook on the back of short-term time charters as well as an increase in third decade cargoes. Rates for an Indonesia/Japan run basis 80 kt are hovering around w100 to w102


EU to rule on Maersk-Hamburg Sud Deal by March 27

EU antitrust regulators will decide by March 27 whether to clear world No. 1 shipping company Maersk Line's bid for German rival Hamburg Sud, its first major deal for more than a decade.   The deal, one of several in a sector seeking consolidation to offset low freight rates and oversupply


Higher Shipping Rates Boost Baltic Index

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Tauranga Port Aims to Handle a Million Cargo Containers

Photo: Port of Tauranga

 New Zealand's largest freight gateway Port of Tauranga says it is on track to break the country's record for transporting more than one million containers in a single year.   "Our results show the Port of Tauranga is continuing to reinforce its position as the country's premier


Asia Dry Bulk-Capesize Rates to Hold Steady

Floor may have been reached on Western Australia-China rates; dry cargo demand could fall 5.4 pct in first quarter.   Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering


Gothenburg Port volumes Rise

Good year for new cars Photo Port of Gothenburg

Freight volumes at the Port of Gothenburg rose by almost three million tonnes in 2016 - up from 38.2 million tonnes in 2015 to 40.9 million tonnes last year. Car exports-imports and energy products enjoyed a particularly successful year with rises of 15 and 12 per cent respectively


New Total Lubmarine Head Shares His Vision

Robert Joore (Photo: Total Lubmarine)

Robert Joore, the new General Manager of marine lubricants supplier Total Lubmarine, has laid out his vision for the company, focusing on developing a range of innovative solutions for ship operators operating in poor freight markets in a low-sulphur era.   


Indian Ports Cargo Volumes Up after Demonetisation

Indian Prime Minister, Narendra Modi. Photo: PIB, Govt of India

 The cargo handled by 12 major Indian ports in November and December (Post demonetisation period)has witnessed a significant growth by registering an increase of 11.2 per cent and 12.7 per cent, respectively, reports PTI.   The Minister of State for Shipping Mansukh L


Has the Asian LR Tanker Market Hit Bottom?

© Shimpei Fukui / Adobe Stock

The Long Range (LR) 2 tanker market in the East of Suez has been languishing in the doldrums for almost two weeks. LR2 rates on the AG/Japan route, basis 75 kt, nosedived from w120 at the beginning of January to current levels of w80. Earnings for a round voyage on the benchmark route are hovering


Maersk Line posts $376 mln Loss

Courtesy Maersk Line

Maersk Line reported a 2016 result that is USD 1,679 million lower than the 2015 result (USD 1,303 million). The overriding reason for the loss is a 19% decline in freight rates compared to 2015. Revenue was USD 20.7 billion, which is 13% lower than 2015 (USD 23.7bn).  


Asia Dry Bulk-Capesize Rates could Diverge on Market Conditions

File Image (CREDIT: AdobeStock)

Australia-China rates could climb on improved weather. Brazil-China rates to hold steady, fall on lack of charters.   Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather


IANA Introduces Resource Center

Photo: Intermodal Association of North America.

 The Intermodal Association of North America has created a resource center, available on its website, to provide a wide range of information for prospective intermodal users and those who are new to the industry. The Intermodal Freight Resource Center offers educational tools


Maersk Expects Healthier 2017 for Shippers

Photo: Maersk Line

 Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last.    Post-Hanjin, ocean freight customers now stressing stability and avoiding risk to supply chains, not just rates, he said.  


Green Award Launches Certification of Inland Passenger Vessels

Schoonhoven (Photo: Green Award)

Green Award, the quality mark for ships that meet the above-industry standards, expands to a new ship type. From 1st of January 2017 the Green Award certificate is available for inland passenger vessels. Green Award certifies sea-going and inland navigation ships that go beyond the industry


Boxship Firms Sign up with Alibaba

File Image: A CMA CGM boxship condusting cargo operations alongside (CREDIT: Marad)

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.  






 
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