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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


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 required standards. Established in 1994 as a certification scheme for sea-going oil tankers, Green Award has grown to a world-wide recognized quality assessment organization accepting 5 types of


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.  


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


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


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.


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.  


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


Baltic Index Streaks to Highest Level since 2014

© corlaffra / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Tuesday with a fresh more-than-two-year high, driven by strong demand for large iron ore vessels. The overall index, which factors in rates for capesize


Antwerp Focuses on India, China and Eastern Europe

Map with international representatives: Port of Antwerp

 Malini Dutt, Robert Feng and Martin Hubenack have recently been appointed to represent the port of Antwerp in India, China and Eastern Europe respectively.   This brings the number of port representatives to 12, reinforcing Antwerp's presence in its core hinterland and important


Baltic Index Rises on Strong Demand for Larger Vessels

© Lidian Neeleman / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, hit a more than two-year high on Monday on higher demand for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Hapag-Lloyd Expects Rising Freight Rates in 2017

File Image: CREDIT - Port of Boston

Moderate increases in freights to be achieved in 2016; new Alliance membership starts on April 1.   German container shipping line Hapag-Lloyd expects freight rates to be several percentage points higher this year than in 2016, one of a number of factors that should help the company


Hapag-Lloyd: Positive Operating Result in a Challenging Environment

Photo: Hapag-Lloyd AG

 Hapag-Lloyd AG remains bullish on the substantial earnings contribution from synergies from CSAV acquisition and OCTAVE cost-cutting programme alongwith further synergies expected due to the merger with UASC.   Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607


Hapag-Lloyd Says Prospects Buoyed by Rising Freight Rates

File photo: Hapag-Lloyd

German container shipping company Hapag-Lloyd expects increased operating earnings this year, it said on Friday, citing a rise in freight rates as market conditions improve.   The shipping industry has been grappling with a prolonged downturn brought about by overcapacity in a faltering


Baltic Index Rises to Over 4-month High

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments.   The overall index, which factors in rates for capesize, panamax


VLCC Rates to Remain Weak on Output, Tonnage Woes

© Björn Wylezich / Adobe Stock

Freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end.   "I haven't seen a collapse in rates like this for some time


Baltic Index Inches Up on Firmer Panamax Rates

Photo: FotoFlite / DS Norden

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Thursday as panamax rates increased. The overall index, which also factors in rates for capesize, supramax and handysize vessels, closed up 6 points, or 0.5 percent, at 1,196 points


Falling Capesize Rates Weigh on Baltic Index

© Martin Lueke / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 10 points, or 0


Maersk Line, Hamburg Sud Offer Merger Concessions to Gain EU Approval

File photo: Hamburg Süd

Maersk Line, the world's biggest container shipping firm and part of Danish conglomerate A.P. Moller-Maersk, has offered concessions to EU antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud.  


Baltic Index Snaps 14-day Winning Streak

© jieophoto / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a 14-session winning streak on Tuesday as rates for larger vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Market Volatility Affects Sovcomflot

Tanker SCF Baltica. Photo:  PAO Sovcomflot

 Russia’s largest shipping company PAO Sovcomflot (SCF Group) has announced its results for the full year to 31 December 2016 that the compay claims to be an example of 'robust strategy delivering solid results despite market volatility in 2016.'  


Robust Capesize Vessel Rates Buoy Baltic Index

File photo: Star Bulk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the 14th straight session on Monday as capesize rates strengthened. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, climbed 9 points


Strong Capesize Rates Keep Baltic Index at over 3-month High

© lidian neeleman / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a fresh over three-month peak on Friday as capezise rates rallied.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels






 
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