The United States Coast Guard (USCG) initiated the Qualship program on January 1, 2001 to reward quality owners. Lloyd's Register classed ships dominate the latest USCG list, with more quality ratings than any other classification society. These ships will all benefit from less frequent USCG inspections. Among the 41% of ships that are classed by Lloyd's Register are those owned by AP Moller, P & O Nedlloyd, Overseas Shipholding Group, Shell International and BP Amoco. "I am very supportive of the USCG Qualship initiative", said Alan Gavin, Marine Director at Lloyd's Register. " It is an important step in the right direction. We have many owners who run quality ships and who do not deserve to be treated the same as the substandard owner and be continually subjected to unnecessary inspections." The level of reward for quality ship operation varies with ship type. Ships carrying freight will benefit the most by having only biennial examinations in future. Annual inspections continue for tankers, but intermediate examinations will be less detailed.
U.S. President Barack Obama recognizes port projects as nationally and regionally significant The projects announced are the first seven of 43 additional projects that will be expedited under the Executive Order. The names of the other projects will be announced in the coming weeks. The seven projects include five harbor improvements to deepen federal navigation channels for larger ships (in Jacksonville, Miami, Charleston, Savannah and New York/New Jersey)
The American Association of Port Authorities (AAPA) welcomed the recent release of the U.S. Department of Transportation (U.S. DOT) "Report to Congress on National Highway System (NHS) Intermodal Freight Connectors." The report, requested by Congress under the provisions of the Transportation Equity Act for the 21st Century (TEA-21), reviews connectors to seaports, airports, and major intermodal terminals to determine: (1) their condition; (2) improvements or investments made or planned; and
After a downtrend in the freight shipping tanker market since the middle of 2007, the industry has seen nothing but rate increases in the last month. This freight rate increase can affect consumers across the board, according to the freight transportation The cost of freight shipping can mean an increase in the cost of many consumer products, according to FreightBrokering.info, which is why it's so important to keep freight transportation costs down
At MarineMoney's New York City event earlier this summer, tanker operators were in a somber mood, and Michael Reardon, Manager Global Strategy and Freight Traiding, ConocoPhillips, was quoted as saying: “Floating storage took VLCCs out of the market and sent false signals to the market ... We are at or near the bottom; things can get worse, but not much worse.” Don't look now, but things have gotten worse.
'Intermodal Container Leasing in the US Industry' market research report published by IBISWorld Excerpts from the report are as follows: The Intermodal Container Leasing industry is heavily dependent on large-scale domestic and international trade levels. Thus, as consumer spending fell during the recession and demand for goods across the economy dipped, fewer containers were needed for the transport of products. However, China's resilience and strong growth throughout the past five years
The Bureau of Transportation Statistics issued a Press Release
China's state oil giant China National Petroleum Corp. (CNPC) is expected to more than double its overseas oil output to around 120,000 barrels per day (bpd) this year, Chinese industry sources said on Wednesday. CNPC produced about 2.5 million tons of crude oil in 1999, or 51,000 bpd, up one third from the previous year. Overseas production increases this year would come primarily from the company's operations in Sudan where it is expected to reach 60,000 bpd, from Kazakhstan at 30
Drewry Maritime Research, the global leader in freight rate benchmarking, has expanded its flagship Container Freight Rate Insight publication and now provides freight rate benchmarks on 550 international trade routes. Published monthly, the report provides all-in spot rates on all the key shipping routes of the world, including both headhaul and backhaul trades. In addition to the monthly report, subscribers also have access to an online database of both current and historical freight
Overseas Reymar cleared to sail; Coast Guard Calls on Harbor Safety Committee to review Critical Maneuvering Areas; investigation continues. The U.S. Coast Guard has completed interviews, evidence collection, and a thorough safety inspection onboard the oil tanker Overseas Reymar which has been anchored in San Francisco Bay’s Anchorage 7 since the vessel’s allision with a support tower of the San Francisco-Oakland Bay Bridge Monday morning.
Geodis Wilson honored its employees who have shown particular creative prowess as the company announces the winners of its annual Innovation Masters Award recognizing outstanding internal innovative initiatives throughout the logistic service provider’s global network.
Hamburg Süd’s performance in brief Following the powerful recovery of the world economy in 2010 and a weaker 2011, global growth continued in the past financial year, albeit at a slower pace. Against this backdrop, container shipments increased once again
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight. Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last
The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month. Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1
Belgian firm TransEuropa has suspended all sailings between Ramsgate (UK) and Ostend (Belgium) amid fears over its future. TransEuropa had run passenger and freight ferry services between Ramsgate and Ostend for the last 15 years, and was the only passenger service out of the Port of Ramsgate
GE Marine said it will provide Austal USA, Mobile, Ala., with four LM2500 marine aeroderivative gas turbines to power the United States Navy’s 14th and 16th Independence-variant Littoral Combat Ships (LCS). GE is providing 20 LM2500 gas turbines for the Austal USA LCS program
Attempts by carriers to tackle the capacity overhang are being undone as new orders for Ultra Large Container Vessels (ULCVs) continue to make the headlines, according to Drewry’s monthly report Sea & Air Shipper Insight. The news that China Shipping Container Lines will join Maersk
Hong Kong dockworkers accept Hutchison Port Holdings 9.8% pay offer, end 40-day strike at the container terminal. The workers settled their dispute late Monday by agreeing to the pay offer from four middleman contractors that provide staff to a container terminal operator controlled by Hong Kong
The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking
National Retail Systems, Inc. (NRS), a provider of logistics services to U.S. retailers, pharmaceutical companies and consumer goods manufacturers, announced it has been selected by Pep Boys, an automotive aftermarket service and retail chain
APL won the Intra-Asia Best Shipping Line accolade at the 27th Asian Freight and Supply Chain Awards (AFSCAs). Based on the highest number of votes received from readers of Cargonews Asia, the award lauds APL’s outstanding performance in schedule integrity, customer service support
Fifteen warships from nine countries around the world, including the latest patrol vessels, frigates, corvettes and destroyers, sailed into Singapore for the Warships Display at IMDEX Asia 2013, taking place at Changi Exhibition Center from May 14-16, 2013.The U.S
The Port of Long Beach earned “Best Seaport in North America” honors at the 2013 Asian Freight and Supply Chain Awards in Beijing. The 2013 Asian Freight and Supply Chain Awards recently hosted in Beijing by the Cargonews Asia shipping trade publication
Market strategy focuses on delivering innovative supply chain solutions that complement Kuwait’s growing reputation as a major logistics hub. Globe Express Services announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions
This Day U.S. Naval History - May 14 1801 - Tripoli declares war against the United States 1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major scientific expedition overseas. Lt