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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


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).


Bureau Veritas Issues ISPO Certificate to Port of Cork

Cork Pilot disembarking  (Photo: Bureau Veritas)

Classification society Bureau Veritas has issued its first certificate under the ISPO (International Standard for Maritime Pilot Organizations) standard of best practice for pilots and pilot organizations to the Pilotage Authority, Port of Cork, Ireland. The ISPO certification covers the Pilotage services and Vessel Traffic Management System. The ISPO is an accessible industry specific standard, managed by a group of users


ICS Pilotage, Towing and Mooring Survey 2016 Now Underway

Photo:  International Chamber of Shipping

 The role of the pilot in mitigating the potential economic and environmental risk from today's large vessels is one of the most important in maritime safety.    In recognition of this, the International Chamber of Shipping (ICS) has embarked upon its first comprehensive survey of pilotage, towing and mooring services provided in ports and terminals around the world.   The aim of the ICS Pilotage


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.


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


Sydney Ports Closed

Sydney Harbour is Australias premier cruise ship destination and the only port in Australia with two dedicated cruise passenger terminals

  Sydney Ports advises that all pilotage services have been suspended at Port Botany from 0630 hours local time September 23, and at Sydney (Port Jackson) from 0730, due strong winds and high swells of up to 7 meters. Sydney Ports advises that all pilotage services have been suspended at Port Botany from 0630 September 23 , and at Sydney (Port Jackson) from 0730  September 23 due to strong winds and high swells, up to 7 meters.


Higher Shipping Rates Boost Baltic Index

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Asia Dry Bulk-Capesize Rates Up on Increased Traffic

File Image (CREDIT: AdobeStock)

Record iron ore prices fuelling capesize chartering boom; freight rates rise by around $1 per tonne in a week.   Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo


Asia-North Europe Box Rates Up 7 pct

File Image: Credit Port of Boston

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday.    Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU


Asia Tankers-VLCC Rates to Slide Further

File Image (CREDIT: EuroNav)

Around 30 VLCC charters in Feb so far, versus 50 last month. About 40 refinery facilities to close for maintenance.   Freight rates for very large crude carriers (VLCCs), which fell to multi-week lows on Thursday, could slip further as refinery maintenance in Asia weighs on cargo volumes


Along For the Ride on Leeuwin

‘Ready to go’ Navy Cadets give the thumbs up as they depart HMAS Leeuwin. Photo: Royal Australian Navy

 Early in January HMAS Leeuwin set sail from Cairns to begin a transit to conduct military data gathering operations in the Bass Strait.   A number of Australian Navy Cadets and family members for ship's company joined the ship for the first day of the deployment.  


Container lines earned $42 less per TEU

Notes US Trade based on USD per forty foot unit -FEU

The container shipping lines received an average rate 7% (USD 42) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016


Navios Maritime Midstream Posts 4Q Profit

Image: Navios Midstream Partners L.P

 Maritime Midstream Partners LP (NAP), an owner and operator of tanker vessels, has reported fourth-quarter earnings of $6 million. On a per-share basis, the company has a net income of 28 cents.   The operator of contracted crude oil tankers posted revenue of $22


Strong Fleet Growth to Keep LNG Shipping Rates in Check

Graph: Drewry Shipping Consultants Limited

2017 will be a tough year for LNG shipowners as rates are expected to remain under pressure, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.   This year has started on a positive note for LNG shipowners as spot rates have firmed


Vessel Oversupply to Continue in Chemical Shipping

Graph: Drewry Shipping Consultants Limited

 Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries and swing tankers flooding the market. As a result, freight rates on long-haul routes will continue to be challenged by surplus large vessels over the next two years


Asia Dry Bulk-Capesize Rates to Hold Steady

Floor may have been reached on Western Australia-China rates; dry cargo demand could fall 5.4 pct in first quarter.   Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering


Asia Tankers-VLCC Rates to Hold Steady

File image of a typical VLCC underway (Credit: EuroNav)

25 MidEast cargoes still to be fixed; VLCC rates fall to 4-month low.   Freight rates for very large crude carriers (VLCCs), which hit a four-month low on Thursday, are likely to hold around current levels or nudge higher as charterers fix the final charters in February's loading


Has the Asian LR Tanker Market Hit Bottom?

© Shimpei Fukui / Adobe Stock

The Long Range (LR) 2 tanker market in the East of Suez has been languishing in the doldrums for almost two weeks. LR2 rates on the AG/Japan route, basis 75 kt, nosedived from w120 at the beginning of January to current levels of w80. Earnings for a round voyage on the benchmark route are hovering


Asia Dry Bulk-Capesize Rates could Diverge on Market Conditions

File Image (CREDIT: AdobeStock)

Australia-China rates could climb on improved weather. Brazil-China rates to hold steady, fall on lack of charters.   Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather


Moody's Upgrades HMM Credit Rating

Photo: Hyundai Merchant Marine

 South Korean Container carrier Hyundai Merchant Marine (HMM), which collaborates with the 2M alliance, has had its rating improved from the default rating D to instead BB, informs the carrier.   "Korea Investor Service (a Moody’s Affiliate)  has upgraded Hyundai


Oversupply Pressure on LPG Shipping Rates

Graph: Drewry Shipping Consultants Limited

 The LPG shipping trade will continue to grow at a healthy pace on the back of strong Asian demand, but fleet growth will outpace it, keeping rates under pressure in 2017, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.  






 
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