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New Record

SMET Sets Record

Superior Midwest Energy Terminal (SMET) in Superior, Wis., loaded 2,548,173 net tons of coal in July, a new record for the most coal to be shipped by a single dock in one month in the entire history of Great Lakes shipping. The previous peak was 2,468,619 net tons loaded at the Chesapeake & Ohio dock in Toledo in October 1946. Before that, the record was held by Sandusky - 2,200,737 net tons in October 1944. For the season, coal loadings at SMET stand at 8,208,187 net tons, essentially the same level as a year ago.


Vale: Q4 Iron Ore Output a Record

Brazilian miner Vale SA said on Thursday it produced 88.4 million tonnes of iron ore in the fourth quarter, a new record for the company.   The world's largest producer of the steel-making raw material also produced 82,700 tonnes of nickel and 1.59 million tonnes of coal in the period.   For full-year 2015, Vale produced 345.9 million tonnes of iron ore and 291,000 tonnes of nickel.     (Reporting by Jeb Blount and Luciana Bruno; Editing by Mark


Maersk Containership Is Largest To Call U.S.

History was made by Maersk Lines last June when the Line's containership, Susan Maersk sailed into the Port of Long Beach, Calif. on its maiden voyage - establishing a new record as the largest ever to call a U.S. port. Measuring twice the length of the Washington Monument, wider than the Panama Canal and equal in length to about four football fields, the 6,600 TEU vessel was deployed into Maersk's Asia/U.S. West Coast TP6 Service.


Posidonia in Retrospect

The recent Posidonia 2012 went out with a bang, (not with a whimper) according to the expo organizers It seemed the whole world revolved around Posidonia 2012 which has closed with a bang, setting a new record in terms of visitor numbers and number of countries represented in a stellar week which also saw the signing of many deals and partnerships on the floor of the Metropolitan Expo. Αlmost 19,000 visitors from 92 countries attended Posidonia 2012


Petrobras Sets Record in Brazil

  Consolidated Oil and Gas Petrobras in Brazil and abroad, production amounted to 2 million 795 thousand barrels of oil equivalent per day (boe) in October. This volume was 0.5% higher than in September, which was 2 million 781 thousand boe. Oil production in Brazil grew by 0.4% compared to September, and reaches a new high. Oil production from Petrobras in Brazil reached in October average of 2 million 126 thousand barrels / day (bpd), 0


APM Terminals Mumbai Hits Record Throughput

APM Terminals Mumbai

  APM Terminals Mumbai established a new record for Indian ports by handling a total of 2.01 million TEUs during the Fiscal Year of 2014-15, representing the period between April 1, 2014 to March 31, 2015.   APM Terminals Mumbai is one of three terminals currently operating at Jawaharlal Nehru Port (JNP), India’s largest container port, accounting for 45% of JNP’s throughput, and approximately 20% of India’s total container traffic.  


Latest World Oil Market Recap

Global refinery capacity increases vastly; typhoons deplete Japan oil stocks; and Qatari marketing sends signals on price direction, reports PIRA Energy Group's latest 'Weekly Oil Market Recap'. Big Increase in 2014 (and 2015) Global Refinery Capacity The biggest capacity increase over the two years comes from new construction projects in China and the Middle East. Despite the fact that the world currently has a surplus of refining capacity, new additions are on the way


Record Freight Throughput Year at Port of Antwerp

Container Terminal: Photo credit Port of Antwerp

Freight volume was up by 3.5% to 190.6 million tonnes which represents an increase of 3.5% compared with 2012 when the volume came to 184.1 million tonnes, making 2013 a new record year for Belgium's principal port. The previous record dates from 2008, the last year before the global financial crisis. The main driving force behind the growth in volume was liquid bulk, with the container volume being slightly down as a result of the continuing recession.


Baltimore Port Shipments Hit New Record

Pic: Helen Delich Bentley Port of Baltimore

 Helen Delich Bentley Port of Baltimore's public terminals shipped a record 9.74 million tons of general cargo in the 2015 fiscal year ending June 30, it said Monday. That was up about 1.5 percent from 9.6 million tons in 2014.   General cargo includes automobiles, forest products, farm equipment and construction machinery. It also includes containers, a key point of emphasis lately for port officials trying to grow traffic.  


Baltic Index Hits Record Low for 12th Straight Session

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, plunged to a new record low for the 12th straight session on Wednesday amid concerns over vessel oversupply and low demand.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser, fell five points, or 1.38 percent, to a low of 358 points.  


Dry Bulk Shipping: Improved Frieght Rates Despite Continues Fleet Growth

Graph: BIMCO

 On 10 February 2016, the Baltic Dry Index (BDI) hit 290. At that point, a bulk carrier regardless of its size, age and fuel-efficient qualities earned a time charter average of USD 2,417-2,776 per day.   Whereas the three smaller segments have seen higher earnings since then


BEST Sets Container Handling Record

Image: Barcelona Europe South Terminal (BEST)

 Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST) achieved a new record when it moved 7,760 TEU on the call of MSC Beatrice.    A total of eight ship-to-shore gantry cranes were deployed simultaneously for the operation


This Day in Naval History: June 16

USS Monterey (CG 61) (U.S. Navy photo by Christian Eskelund)

1943 - At Guadalcanal, Solomon Islands, Japanese aircraft conduct the largest raid since April 7. Although a large number of enemy planes are shot down, LST-340 and USS Celeno (AK-76) are damaged. 1944 - Marine Gunnery Sgt. Robert H. McCard serves as a platoon sergeant with Company A


World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge.  


Asia Dry Bulk-Capesize Rates Likely to Remain Flat

File Image: a so-called ValeMax Bulk Carrier

Chinese iron ore and coal imports to fall in 2016 - Clarkson Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday


Dry Bulker Business Down, Says MOL

Dry Bulker. By Mitsui O.S.K. Lines

 In the dry bulker business, the market is deteriorating to a new record low due to the imbalance of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last fall, says Mitsui O.S.K. Lines, Ltd.  


Baltic Index Continues Fall to New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, continued its fall to close at a fresh record low on Friday.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser


Dry Bulk Suffers From Poseidon’s Potent Prongs

Graph: Clarksons Research

 It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year so far, says Clarksons Research.   With a nearly constant stream of negative news continuing to emerge across each of the key dry bulk


Baltic Index Touches New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser


Diversification Protects Port Metro Vancouver from Economic Downturn

Port Metro Vancouver today released its 2015 year-end statistics. Overall volume remained steady at 138 million tonnes of cargo as sectors experiencing declines were offset by others that hit new records. This is the port’s third consecutive year of strong cargo volumes


Port NY/NJ Sees Record Cargo Volume in 2015

Photo: Port of New York and New Jersey

Annual cargo volumes at the Port of New York and New Jersey beat the previous record by more than 10 percent, according to figures released by the port.   The port said it handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers) in 2015, an increase of 10


Crude Prices Firm Ahead of US Data

U.S. payroll, jobs data may support oil prices; demand outlook improving. Crude oil futures edged up on Friday, building on the week's gains, as traders and analysts eyed U.S. jobs data which could give further momentum to rising prices.


Strong Growth in Container Traffic between Austria and Hamburg

In 2015 around 295,000 TEU – 20-ft standard containers – were transported between the Port of Hamburg and intermodal terminals in Austria by rail. That represents a 9.3 percent gain, setting a new record for Hamburg’s seaport-hinterland services with Austria


Demand Boosts Container Market Outlook -MSI

File photo: Chamendra Wimalasena

The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers.   Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Mixed Prospects for Container Shipping

Photo: Cosco

 The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side.    Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner






 
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