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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


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.


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


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


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


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


Baltic Index Down as Rates for Large Vessels Stay Weak

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Broad Declines drag Baltic Index down

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on lower rates for capesize, panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


New Ferry MV Woods Hole Delivered

M/V Woods Hole during sea trials (Photo: Brian King)

The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket.   Built by Conrad Industries of Morgan City, La., the Elliott Bay Design Group (EBDG) designed ferry is the naval architects’ second design for The Steamship Authority


Baltic Index Falls on Weak Freight Rates

Freight rates across most bulk sectors fell on Monday. File Image (Credit BSM)

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


Asia-N.Europe Box Rates Fall 8.1 pct

File Image (Credit: GPA)

Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday, the Shanghai Containerized Freight Index showed according to a source with access to the data.


Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs

file image: a VLCC transits the Suez Canal (Suez Canal Authority)

"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs) are likely to hold steady around existing levels as new vessel deliveries and a reduction in port delays weigh on a ample


Baltic Index Falls for Third Straight Day

File Image: A FedNav Bulk Vessel (FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third straight day on Thursday due to weaker rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Asia Dry Bulk-Capesize Owners Remain Confident

File Image: typical bulk carrier underway (BSM)

Number of idle ships down to around 15, from 70 in early 2016 - broker. Freight rates for large capesize dry cargo ships on key Asian routes could nudge lower next week although they are generally expected to remain around the current levels, ship brokers said.


Capesize, Panamax Vessels Drag down Baltic Index

file image: a so-called ValeMax Bulk Carrier (Vale)

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


Antwerp Port Inks Iranian Collaboration

Eddy Bruyninckx signed the agreement on behalf of the Antwerp Port Auhority, Saeed Nejad on behalf of the Ports & Maritime Organisation. Photo Antwerp Port

Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran.   Bandar Abbas accounts for 90% of the in- and outgoing containers of Iran and for nearly half of the 200 million tonnes of freight handled by


Maersk Line Lowers Asia-Europe Freight Rates

Photo courtesy of Maersk

Maersk Line, the world's largest container shipping company, told its clients on Tuesday it will set the maximum freight rate from Far East Asia to Europe at $1,250 per 20-foot container (TEU) as of August 1, down by $200 from the previous month's comparable rate.  


Baltic Index Dips on Capesize Rates

File image: a typical bulk carrier underway (BSM)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on weaker capesize vessel rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 2 points, or 0


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


Baltic Index Firms on Panamax, Smaller Vessels

File image: a Bulk carrier underway (BSM)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on firmer rates for panamaxes and smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0


Higher Rates Continue to Perk Up Baltic Index

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






 
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