General Rate

General Rate Increases, Transatlantic Trade

Since rates are at an unsustainable level in the transatlantic trade, Maersk Line announced a general rate increase effective 1 September 2009. The company said the rate increase is necessary to continue to operate its services with the same level of reliability. The filed increase is as follows: •    $400 per 20 ft container •    $500 per 40 ft/high cube/45 ft container The increases apply equally to all Eastbound and Westbound cargo moving between the US & Canada and Northern Europe.

MOL Announces GRI

MOL (Mitsui OSK Line) said it plans a general rate increase for all cargo moving southbound from Europe North Continent and Mediterranean to West Africa. The new rate of $219.4 per TEU will become effective 15 October 2009. The GRI is applicable to all commodities and equipment, including reefer containers. (www.MOLpower.com)

Rate Increase, Transatlantic Trade

As a result of market instability in the transatlantic trade, Maersk Line is announcing the following general rate increase, effective 1 April 2009. The filed increases are as follows between Northern Europe and the East Coast and Gulf Coast of North America: •    $160 per 20 ft dry container •    $220 per 40 ft container/high cube/45 ft container/reefer The filed increases are as follows between Northern Europe and the West Coast of North

Maersk Rate Hikes Hitting the High Notes

Do we sense a touch of desperation from the executive corridors of Maersk Line as the Triple-E delivery dates approach?    Maersk Line boss Nils Smedegaard Andersen was in a confident mood after his carrier posted a decent $204 million profit in the first quarter. Making a profit when Asia-Europe is a disaster and many other carriers are wallowing in red ink is impressive enough, but the Maersk CEO raised eyebrows when he addressed the rates issue.

AUV Cooperation Agreement Signed

General Atomics, Kongsberg Maritime and C & C Technologies have agreed to cooperate on the development of Autonomous Underwater Vehicles (AUVs) and associated technologies. Kongsberg Maritime, manufacturer of advanced hydroacoustic instruments, the HUGIN family of AUVs and other maritime electronic products, has signed a cooperative agreement with General Atomics and C&C Technologies via its affiliate, Kongsberg Underwater Technology Inc, located in Lynnwood, Wash

Mideast Clean Tanker Rates Slip On Kuwait Effect

Middle Eastern clean product tanker rates slipped as cargoes for some ship sizes became scarce as a result of the Kuwaiti refinery outage, brokers said on Friday, but in general markets remained strong, they added. Vessels were starting to become available in prompt positions, broker E.A. Gibson said in a report, and rates for 35,000 tons to the Far East slipped to W295. Short-haul cargoes were apparently scarce as a knock-on effect from the Kuwait refinery fire last week, Gibson said.

USACE Earns Safety Award

A record low accident rate and a command-wide emphasis on safety helped the USACE earn the 1998 Chief of Staff of Army's Major Army Command (MACOM) Safety Award. USACE, one of only two commands to earn the 1998 award, has earned it three of the past four years. The award recognizes the continued improvement of the USACE safety record in FY 98. In FY 98, there were no accidental federal employee fatalities during normal duty hours, and only 470 lost-time injuries and illnesses

London P&I Club Sets General Increase for Next Policy Year

The  London P&I Club has set a general increase of 12.5 per cent in annual P&I call rates for the 2013/2014 policy year.    Commenting on the background to the decision, Ian Gooch, chief executive of the Club’s management team, says, “Claims in the Club’s retention layer for the current policy year show some encouraging signs, especially at the attritional level, where increased deductibles seem to be playing a part

UK Detains 10 Ships in February

The Maritime & Coastguard Agency (MCA) announced that 10 foreign ships were under detention in UK ports during February2004 after failing Port State Control safety inspection. Latest monthly figures show that 4 foreign ships were detained in UK ports during February 2004 along with 6 other ships still under detention from previous months. The overall rate of detentions compared with inspections carried out over the last 12 months is 6.0% which is a decrease of 0

General Maritime to Acquire Tankers

General Maritime Corporation has agreed to acquire 19 tankers, including 14 Suezmax and 5 Aframax vessels from Metrostar Management Corporation, a Greek tanker operator. The acquisition of the vessels is expected to commence on March 1, and to be concluded by April 30, 2003 during which time the vessels will be integrated into General Maritime's fleet operations. The acquisition of the tankers will be made for cash and is subject to the customary conditions of delivery