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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


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


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 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.


Asia-N.Europe Box Rates Jump 58 pct

File Image: A CMA CGM Containership (Marad)

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters. The rise in freight rates on the world's busiest route came after major container shipping companies started to implement earlier announced price hikes around August 1.


BG Freight Line Orders Four Containerships

Image: BG Freight Line

BG Freight Line, a fully owned subsidiary of Peel Ports Group, is to receive new tailor-made short sea container feeder vessels optimized for the company’s Irish Sea Hub services.    The new class of ‘green’ vessels has been developed by BG Freight Line operation with ARKON Shipping as project initiator/commercial manager, technical managers Jüngerhans Maritime Services and designers CIMC ORIC.  


Start of 2017 Looks Rocky for Asian Tankers

© Carabay / Adobe Stock

Dirty Tankers Asia’s crude tanker market faces the double whammy of a flood of newbuild deliveries and a cut in OPEC production in Q1 2017. On the supply side, net capacity growth is estimated to be around 5 percent for VLCCs, 9.6 percent for Suezmaxes and 7 percent for the Aframaxes/LR2


Spot Box Rates Rise Above 5-Year Average

Graph: Drewry Shipping Consultants Limited

 Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, said a report by Drewry.   The latest weekly reading is $1,770/40ft container for the composite index


Spot box rates rise above 5-year average - Drewry

Image Drewry

Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years. The latest weekly reading is $1,770/40ft container for the composite index, reflecting increases on individual lanes to $1


Laugfs Buys Third LPG Carrier Vessel

Photo: LAUGFS Holdings

 Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas,  has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports  Lanka Business Online quoting company sources.  


Freight Rates Jump after Hanjin Collapse

Photo: Hanjin Shpiping Co

 The cost of transporting containers from ports now shows signs of recovery after the fall of Hanjin Shpiping Co after a period of down play, says a report in Business Korea.   It appears that the strategy of Maersk Line, the world’s largest shipping group which cuts down


How Will OPEC’s Cuts Affect Tanker Markets?

© Evren Kalinbacak / Adobe Stock

After a year of tumultuous political and policy upheaval, both oil and tanker markets are undergoing a process of rebalancing.   The fourth quarter of 2016 is capping what has been a mixed 12 months for the tanker markets. The agreement by OPEC members and non-members alike to cut


Innovative Boats: Marine News' Best of 2016

Image: Vard Marine

Marine News looks back at the past 12 months and showcases the best of North America’s workboat design shop and shipyard output.   In a year where some stakeholders might not rank 2016 as the best of years in the shipyard or on the waterfront, we might disagree


Sino-Global Shipping Enters Agreement With COSCO

Image: Sino Global

 Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider,  has announced the signing of an Inland Transportation Agreement  with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's


Port Infrastructure and the Role of Government

The new South Harbor of America’s Central Port, located just north of downtown St. Louis in southwestern Madison County, Illinois. Significant TIGER grants from the U.S. Department of Transportation helped make this possible. (Photo: America’s Central Port)

We are in the midst of a revolution over port infrastructure. This revolution is not about the role of ports as silent engines for our economy and the need for better intermodal infrastructure. Rather, it is about why governments – local, state and federal – believe ports exist


TFI Acquires National Fast Freight

Image: National Fast Freight

 TFI International Inc., formerly known as TransForce Inc., a North American leader in the transportation and logistics industry, has announced that a wholly-owned subsidiary of TFI International has acquired Brampton, Ontario based National Fast Freight (NFF) from Calyx Transportation Group


Global Container Fleet Market to Grow 3% in 2017-21

Photo by CMA CGM

 A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC.   To calculate the market size, the report by Research and Markets  considers volume based on


Chakraborty Appointed Branch Manager, GAC Bangalore

Mukesh Chakraborty Photo GAC

GAC Shipping (India) Pvt Ltd has appointed Mukesh Chakraborty as the Branch Manager, Logistics Services for its Bangalore office. Mukesh brings 13 years of experience in freight forwarding, customs clearance, transportation and warehousing and distribution to his new role.


Maersk, Alibaba Team up to offer Online Booking

File Image: A maersk vessel alongside working cargo (Maersk)

Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.  


Polferries, Sup4Nav Ink Navdec system Deal

JakubKomers, Technical Director of Polferries (on the right) and Piotr Wołejsza, CEO of Sup4Nav, after signing agreement (photo Weronika Bulicz)Maritime University of Szczecin

The Navdec system designed to improve safety of passengers and freight and aimed to support navigators in collision situations was tested on board the ferry m/f Wawel and m/f Mazovia in 2016. This invention will also be installed now on m/f Baltivia sailing from Świnoujście to Ystad


Asia Dry Bulk-Capesize Rates Firm as Weather Delays Weigh

File Image: a large bulk carrier underway (CREDIT: BSM)

Brazil-China rates climb to a 15-month high; about 80 capesize, panamax ships waiting to unload around Tianjin.   Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help






 
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