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Pilotage Rates

Dredging Permits for Bayport & Barbours Cut Expected Soon

Port of Houston logo

Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items  of note were released. Dredging The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements. These significant dredging projects will begin, following issuance of U.S. Army Corps of Engineers permits and approval of its assumption of maintenance of the channels, Executive Director Roger Guenther reported. Pilotage rates agreement In her role as Chairman of the Board of Pilot Commissioners, Chairman Longoria commended the Houston Pilots and maritime industry representatives for working cooperatively, with goodwill, and on behalf of the best interests of port stakeholders as they reached an agreement for 2014, 2015 and 2016 pilot rates. The Pilot Board went on to approve the agreement at today's meeting. Port's monthy financial & cargo report The Port Authority's monthly financial and cargo report for February 2014 shows solid results, and Guenther added that facility operations showed strong results during the first two months of the year. Year-to-date operating revenue is up $2 million, net operating income is up $2 million, and cash flow is up $2.2 million, after setting aside two non-recurring revenue events from early 2013, which caused an overall decrease in those categories.


Shipping Associations, Danish Maritime Authorities Join Forces

In the wake of IMO resolution MSC.138(76) recommending the use of pilot for ships navigating through the entrances to the Baltic Sea, international shipping associations and Danish maritime authorities have joined forces to find ways to further enhance the safety of navigation through the entrances to the Baltic Sea. This will be accomplished by an open transparent dialogue between pilotage service providers and users


Intertanko/Intercargo, DMA Join Forces on Pilotage

As a result of mutual discussions, Intertanko and Intercargo and the Danish Maritime Authority (DMA) agree to set up a Joint Pilotage User Group. The group will also be joined by the Royal Danish Administration of Navigation and Hydrography (RDANH). Intertanko will also be seeking support from its industry partners to support this initiative and participate in the group. The background of this industry-government initiative relates to the concerns expressed by the Danish Maritime regarding the


Increase of Pilot use into Baltic Sea

On the September 6, the members of the Joint Pilotage User Group (JPUG) INTERTANKO, INTERCARGO, ICS, OCIMF, BIMCO, Danish Maritime Authority and Danish Royal Administration of Navigation and Hydrography expressed their satisfaction with the increase in ships that are using pilots to navigate through the entrance to the Baltic Sea, route-T. Current statistics indicate a continuing increase in the number of ships that take a pilot in this area and also an increase in the use of a Pilot


Ships Collide Causing Damage at Lagos Port

A container ship, the MSC Pillar, which was on its way to Tin Can Island Port, has run into another ship on anchorage, inflicting severe damage on the vessel at the Lagos Port Complex, Apapa. Josco Suzhou, a 35,000 metric tonne vessel laden with 6,524 metric tonnes of bulk gypsum, was discharging at Berth 19 of the port complex at the weekend inside the terminal owned by Greenview Development Nigeria Ltd. when the MSC Pilar came on it.


Louisiana Revises Pilotage Oversight

The Louisiana legislature has adopted and forwarded to the Governor a bill that will create a single Pilotage Fee Commission and the Board of Louisiana River Pilot Review and Oversight. Fees for pilotage in Louisiana waters will, under this bill, be established by the Pilotage Fee Commission, rather than by the various pilot associations. Meetings of the Commission will be open. House Bill 1708 (HK Law).


Seaway Launches E-Business Applications

The St. Lawrence Seaway Management Corporation (SLSMC) and the Saint Lawrence Seaway Development Corporation (SLSDC) announced today the launch of their E-Business Application Suite. Designed after extensive consultation with the marine industry, the suite provides a range of applications that will enhance the Seaway and Great Lakes as a key transportation artery within North America and gateway to global trade. Comprised of four applications


Shetland Cadets To Receive Advanced Simulator Complex From Transas

Transas UK has won a competitive tender for the design, supply and installation of a new simulation complex at the North Atlantic Fisheries College, Scalloway, Shetland. According to this contract, in early 2002, Transas will replace the customer’s existing Norcontrol simulation facilities. The new complex will comprise a full mission bridge simulator, with 180 degree visual system, including two ARPA radars /ECDIS /conning and ship controls


Le Havre Utilizes Transas Simulator

Pilotage Maritimes du Havre, the famous French pilot station, has chosen a Transas bridge simulator to be used for training professional seafarers at their premises. The contract for supplying and installing the simulator, as well as for dedicated Instructor training, has been secured by Transas Europe GmbH, the official representative of the Transas Group in Western Europe, in close cooperation with Electronic Equipment S.A., their local partner in France.


Conn. Marine Pilot License Solicitation

As authorized by the Connecticut General Statute Sec 15-13, the Commissioner of the Connecticut Department of Transportation is soliciting applications from qualified mariners interested in receiving a marine pilot license from the State of Connecticut to work on the Connecticut side of the Joint Rotation of Pilots.  Application packages are to include the following information with documented proof: Name Social Security Number Date of birth


Trans Atlantic Tanker Rates Higher

Clean tanker rates on the transatlantic route edged higher on Monday helped by light bookings although the market continued to struggle with a glut of vessels. Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124


Venezuela: New Exchange Rate for Foreign Vessels

GAC said a new exchange rate has come into effect in Venezuela for services rendered to foreign-flagged vessels performing international trading. The official rate, as per SICAD II public currency exchange auctions, is BsF. 49.06 per USD.


Baltic Sea Freight Index down on Weak Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for a 14th straight session on Friday, driven mainly by falling capesize rates. The overall index, which factors in the average daily earnings of capesize, panamax


McQuilling Services Industry's Spot Market Review for First Quarter

Fig1

 There’s no denying that the wave owners rode into 2014 on was a welcome way to start the new year (at least from their perspective).  Earnings in the large crude tanker segment reached levels that hadn’t been obtained in three years and in the smaller dirty segment


Bourbon's Revenues up in 2013

Net Income Group share up 174% to €115 million. Increased operating margin1 and capital gains generated €575.7 million EBITDA, up 41.7% compared to 2012.   EBITDAR2 (excluding capital gains) reached €450.3 million (+17.6%), an increase of 2.1 pts to 34


Mediterranean/N.American Freight Rate Stagnancy

Image credit APM

Ocean carriers were unable to increase freight rates between the Mediterranean and North America from November to January due to continuing poor vessel utilisation and the approaching threat of P3, according to the latest edition of Drewry's Container Insight Weekly. Westbound


Greece's Box Ships Stays the Course in FY 2013 Despite ...

Container ship file image CCL3

Container ship owners Box Ships announce its financial results for the fourth quarter and year ended December 31, 2013, showing an increased EBITDA in the past year. Excerpts as follows: Adjusted EBITDA was $42.087-million in year 2012 which rose to $47.209-million in 2013.


Electric Rates Reduced at Port of Long Beach

Photo: Port of Long Beach

Reduced electric rates help the port improve air quality; discounts will save tenants $350 million, keep port competitive   The California Public Utilities Commission (CPUC) approved reduced electric rates at the Port of Long Beach for the next 24 years and a program for Southern California


East-West Freight Rates Remain Down After Chinese New Year

Image courtesy of Drewry

Following three consecutive months of price rises, freight rates on the East-West trades declined in February, according to Drewry’s online Container Freight Rate Insight. Rates came under most pressure on the Asia-Europe trade, which weakened following a meteoric rise in the run-up to the


Global Forwarders Favour Index-Linked Container Contracts

Fluctuations:Image courtesy of World Container Index assessed by Drewry

Index-linked contracts between shippers and carriers, and between shippers and forwarders, appear to be increasing for valid reasons, according to the latest edition of Drewry's Container Insight Weekly. According to Freight Investor Services


Shipping Confidence at Highest Level Since 2008

Richard Greiner

Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


Rickmers Maritime Report Fair Sailing in 2013

Chairman (L) & CEO: Image Rickmers

In a letter to unitholders introducing its 2013 financial results, the chairman and the CEO of Rickmers Maritime, state that its commitment to long-term, fixed-rate container ship time charter agreements has provided insulation from the continued pressure on time charter rates


Container Industry Stuck in a Vicious Cycle

Photo: Maersk

The industry is stuck in a vicious cycle, Drewry reports – although new ships may give carriers lower slot costs, the supply/demand dynamics are out of kilter and freight rates remain very volatile. Drewry Maritime Research’s 1Q14 Container Forecaster report highlights that the


First Vessel of 2014 Arrives at St. Lambert

Inchcape Shipping Services (ISS) advised that the St. Lawrence Seaway has now opened for its 2014 season at St. Lambert by accepting the first vessel of the year, the MT Charlotte Theresa, destination Lake Ontario, followed by several Canadian ships.


Baltic Sea Freight Index Down

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a ninth straight session on Friday on lower vessel activity. The overall index, which factors in the average daily earnings of capesize, panamax


 
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