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Freight Vessel

Grounded Freighter, Hillsborough Bay, Fla.

The Coast Guard is investigating the grounding of the 575-ft motor vessel Pollux, which ran aground two miles east of Gadsden Point in Hillsborough Bay, Fla., on Jan. 2. Watchstanders at Coast Guard Sector St. Petersburg received a call at 11:15 p.m., from the Cooperative Vessel Traffic Service that the Pollux had run aground and could not move under its own power. The Pollux, a Malta flagged freight vessel carrying a load of fertilizer, was inbound to Tampa Bay from Galveston, Texas. Members from Sector St. Petersburg are investigating the incident and are working with the vessel's crew and representatives to safely remove the vessel. Vessel traffic has not been affected, but all vessel operators are urged to use caution when transiting the area. No report of injuries or pollution has been received at this time.


ISM Code Implementation - Phase II

Certain freight vessels and self-propelled mobile offshore drilling units (MODUs) to which the ISM Code does not currently apply will come within its ambit on 1 July 2002. The U.S. Coast Guard will require, commencing January 15, 2002, that such vessels include in their advance notice of arrival to the United States a statement regarding their status under the ISM Code. At the same time, the Coast Guard will commence a pre-enforcement campaign to verify ISM Code compliance and issue letters to


Titan Receives Recognition

On Tuesday, September 24th, 2002 California State Senator Tom Torlakson honored Titan Maritime, its subcontractors, the USCG, and the California Office of Spill Prevention and Response (OSPR) for their success with the underwater oil cleanup of the freighter SS “Jacob Luckenbach”. Senator Torlakson presented Titan with a plaque in recognition for their successful efforts in protecting the sensitive California coastline and the Farallones National Marine Sanctuary from further oil pollution


Crowley to Operate Eco-Friendly Barges in Western Alaska

Image courtesy Crowley

Crowley announced its plans to construct two double-hulled, combination deck cargo and tank barges for service in Western Alaska. The vessels, named DBL 165-1 and DBL 165-2, are scheduled to be delivered in April and May of 2011, and will be home ported in Nome, Alaska. The double-hull barges will be used for shallow draft operations and beach landings for the delivery of fuel and cargo to the remote communities of Western Alaska.  


New Europe-Asia Heavylift Service

the BBC KARAN

BBC launches new heavy-lift cargo service between Europe and Asia.     On 26 March 2012, the BBC KARAN was the first vessel in the new Europe-Asia service of the multi-purpose and heavy-lift cargo shipping company BBC Chartering to berth at C. Steinweg (Süd West Terminal) in the Port of Hamburg.   In Hamburg, the new “BBC Euro-Asia Express Line” service will be offering bi-weekly eastward sailings to Asia


Asia-Europe Box Rates Plunge 27 pct

Image: file photo (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the third consecutive week of falling freight rates on the world's busiest route and rates are now nearly 60 percent lower than three weeks ago.


LNG Shipping's Dream Run Over?

LNG Carrier: Photo credit CCL2

Drewry's latest 'LNG Insight' saw heating demand subside in major importing regions in February & cargo availablilty also tightened. Regarding cargo availability, a few unplanned shutdowns, caused a 4% decline in the LNG  Freight Index. LNG shipping enjoyed a dream run during 2011 and 2012, owing largely to increasing tonne-mile demand and an almost stagnant fleet. Freight market prospects would be even brighter if fleet supply were to remain at current levels


Asia-Europe Container Shipping Rate Falls 5.5%

Container ships bow: Photo courtesy of APL

Reportedly, shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 5.5 percent to $1,230 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the second consecutive week of falling freight rates on the world's busiest route. Container freight rates have so far increased in nine weeks this year but fallen in 20 weeks.


CaroTrans Assures Seamless Transport on US West Coast

CaroTrans Logo

  CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces their U.S. West Coast port readiness program to address potential supply chain disruptions. Congestion and current labor issues are impacting the flow of cargo at U.S. West Coast ports and there is the likelihood of further instability. To address this infrastructure challenge, CaroTrans has developed alternative routing solutions to lessen the impact on supply


Asia-Europe Container Freight Rates Fell 6.5 pct

image: file photo

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the fourth consecutive week of falling freight rates on the world's busiest route. Container freight rates have so far increased two weeks this year but fallen for five.


CaroTrans Enhances India-US Network

CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, announced a new, direct less-than container load (LCL) import service from Nhava Sheva, India to Charleston, South Carolina for expedited delivery to the U.S. South Atlantic and Gulf regions. 


Fleet Growth Weighs on Product Tanker Earnings

Photo: Alex Sergienko

Healthy returns enjoyed by the product tanker market in recent years are under threat as impending fleet growth is expected to reduce the sector’s earnings over the medium term, according to the Product Tanker Market Annual Report 2015 published by global shipping consultancy Drewry.


CMA CGM's Profits Jump 67% in Q2

Photo: CMA CGM

 French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.    The world’s third largest container line says that its unit costs fell 10


China Shipping Line to Buy 10 Vessels

Photo: China Shipping Container Lines Co

 China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.   The company wants to fulfill capacity commitments in its Ocean Three alliance with


Challenging Times Ahead for LNG Shipping

Global LNG Trade and Drewry LNG Liquidity Ratio per quarter (2013-2015YTD). Source: Drewry Maritime Research

LNG carrier freight rates have come under severe pressure due to rising fleet supply and stabilizing LNG demand, as Japan prepares to restart its nuclear power plants. Despite the general market belief that new LNG supply from Australian projects will provide ample employment to the growing fleet


Market Weighs on Asia Dry Bulk-Capesize Rates

Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week, after falling to their lowest level in five weeks, due to a mounting supply of tonnage and uncertain cargo demand


Emergency Response Guidebook Features DOT/PHMSA Updates

Image: Labelmaster

Essential Resource for Transportation or Handling Incidents Involving Hazardous Materials   Labelmaster offers the 2016 edition of the Emergency Response Guidebook (ERG) – a must have for anyone who handles or transports dangerous goods (hazardous materials)


Dry Bulk Freight Market Recovery Slows

Image: China COSCO Bulk Shipping (Group) Co., Ltd

 The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants.  


Can Chinese Steel Support Freight Markets?

Is China’s steel exports enough to support the freight market?   No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market


World’s Dry Cargo Transport Rate Nosedives

Pic: Maersk Line

 The recession, gradually engulfing the world commodity production, has become apparent amid the dynamics of rates for international dry cargo transportation, reports abc.az   The key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26


Hapag-Lloyd Swings to Profit in H1 2015

Photo:  Hapag-Lloyd

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.  


Wärtsilä Scrubbers for Finnlines Vessels

A total of nine Finnlines vessels have now been contracted to be fitted with Wärtsilä scrubber systems (Photo: Wärtsilä)

Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems. The deal marks a repeat order for Wärtsilä


Strong Returns for Sovcomflot

Grand Aniva is one of two Sovcomflot LNG tankers chartered by the operator of the Sakhalin-2 project – Sakhalin Energy Investment Company (SEIC). The photo has been provided by SEIC.

 Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months.   It has posted a gross revenue increase of 11.8 per cent in the first half of 2015 worth USD 754


CMA CGM 2Q Post Higher Profit

CMA CGM

  In the second quarter, CMA CGM demonstrated the strength of its business model by significantly outperforming the market, despite a sharp fall in freight rates and industry overcapacity:   * Volumes carried during the second quarter increased by 6.2% year-on-year, to 3


Asia-N.Europe Box Rates Jump 26 pct

File Image: a Maersk Containership (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Shipping Exchange showed. The rise in spot freight rates came after all major container shipping






 
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