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Rates Set

Seaway Stakeholders File Suit Against US Coast Guard

A bulk carrier alongside the pier (File photo: FedNav)

Ports and vessel operators challenge what they call “flawed pilotage fees”   A coalition of U.S. Great Lakes ports, vessel operating companies and maritime trade associations today filed suit in the U.S. District Court for the District of Columbia challenging the U.S. Coast Guard’s 2016 increase in Great Lakes pilotage rates, the American Great Lakes Ports Association (AGLPA) announced.   The complaint was filed by a coalition including the AGLPA, along with the Shipping Federation of Canada and the U.S. Great Lakes Shipping Association, as well as vessel operating companies Fednav International Ltd, Canfornav Inc., Polish Steamship Company, Spliethoff Transport, Brochart Shipping and Wagenborg Shipping.   The coalition disputes the agency's proposed 58 percent increase in pilotage fees to be implemented over 2016 and 2017, arguing flaws in the agency's work.   “Great Lakes pilotage costs have gone up 114 percent over the last 10 years. The Coast Guard wants to increase them another 58 percent by 2017. These increases are unsustainable and will ultimately erode the viability of international trade through Great Lakes ports,” said Will Friedman, President of the Cleveland-Cuyahoga County Port Authority.   Steve Fisher, Executive Director of the American Great Lakes Ports Association, said


NCL First with Onboard Cell Service

NCL Corporation will be the first cruise line to bring passengers on North American cruises the ability to use their cell phones even when communications towers are oceans away. The company is providing the innovative new offering through Wireless Maritime Services, a joint venture of AT&T Wireless and Maritime Telecommunications Network (MTN). Leading the way in shipboard technology, NCL pioneered the industry's first Internet access on the high seas with its Internet cafe in 1999


Container Ship Charter Rates Seen Surging In 2001

Container ship charter rates are reportedly set to recover from their current depression by 2001, according to shipping analysts.


CAT 3500 D-F Gensets Power Rio Fast Ferries

Fast ferry for Rio Olympics: Photo courtesy of Cat Marine

Caterpillar Marine with Cat Dealer Pon Power are pleased to announce the first Cat 3512C marine generator sets with Dynamic Gas Blending (DGB) have been selected to power Assessoria Transporte Aquaviaro fast ferries for the 2016 Olympics in Rio de Janeiro, Brazil. A total of 28 Cat generator sets will be installed on 7 aluminum-hull fast ferries, with 14x Cat 3512 generator sets and 14x Cat 9 generator sets providing prime and auxiliary power


USCG Sets 2015 Drug Testing Rate

The Coast Guard set the calendar year 2015 minimum drug testing rate at 25 percent of covered crewmembers. The minimum random drug testing rate is effective January 1, 2015 through December 31, 2015. The Coast Guard requires marine employers to establish random drug testing programs for covered crewmembers on inspected and uninspected vessels. Every marine employer is required to collect and maintain a record of drug testing program data for each calendar year


Maersk Line Lowers Asia-Europe Freight Rates

Photo courtesy of Maersk

Maersk Line, the world's largest container shipping company, told its clients on Tuesday it will set the maximum freight rate from Far East Asia to Europe at $1,250 per 20-foot container (TEU) as of August 1, down by $200 from the previous month's comparable rate.   The set rate, which applies to all kinds of freight, will not necessarily go through as the shipper is often forced to accept far lower rates because there are too many vessels available to ship goods.  


Panamax Rates Firmer

Panamax freight rates in the Atlantic were firmer March 13 and may edge up further due to a seasonal boost, brokers said. They said the market was seeing steady increases and that fixtures for Panamax voyage charters had risen slightly with the timecharter sector looking better. However, the Capesize freight rate declined and has made some cautious about the sector. Brokers said the 1990-built 69,306 dwt Ispat Umang had attracted a healthy rate of $11,400 daily for prompt delivery Ghent


Four Shipping Companies Upgraded By ING

It looks as though the notoriously cyclical shipping sector is heading back up the mountain, as last week one of the world's prestigious financial firms stamped four companies with an investment ratings uprade. ING Barings last Wednesday raised its ratings on four shipping companies to strong buy from buy. Analyst Stephen Gengaro raised his ratings on shares of Frontline Ltd., OMI Corp., Overseas Shipping Group and Teekay Shipping.


Ins and Outs of Tanker Spot Rate Analysis Revealed

Analysis: Image credit McQuilling Services

Marine Transport Advisors, McQuilling Services, explain important elements of their forecasting process when they develop the final forecast set out in their recent '2014-2018 Tanker Market Outlook' analysis. The Outlook is synthesized from the following six components: Quantitative Modeling Sensitivity (reference, high and  low cases) Experiential Adjustments Tonnage Supply & Demand Bias (Capacity index) Previous Outlook & Market Performance


Cat Power Solution for Teekay Offshore

Image: Caterpillar Marine

Caterpillar Marine announced that Cat power and propulsion offerings have been selected to provide complete propulsion solutions for four ocean-going towing vessels designed by Ulstein Design and Solutions. Each vessel will have four 9 M 32 C propulsion engines, rated at 4,500 bkW at 600 rpm. Also onboard each vessel will be three Cat C32 auxiliary generator sets rated at 940 ekW at 1,800 rpm as well as one Cat C9 generator set to provide emergency power


Asia Dry Bulk-Capesize Rates Sliding as Overcapacity Weighs

File Image: a dry bulk vessel underway (CREDIT: Norden)

Capesize rates 26-33 pct higher than a year ago, but could fall towards Chinese New Year. Freight rates for large capesize dry cargo ships on key Asian routes may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand, ship brokers said.


Asia Tankers-VLCC rates to Slip from Eight-Month Highs

Rates gain 10 Worldscale points in a week; but rates in 2017 may be lower than this year -Bancosta. Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry, which propelled hire rates to an eight-month high on Thursday, peters out


Tanker Operators Brace for OPEC Cuts

© Jose Gil / Adobe Stock

Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.   Fewer Middle East cargoes will mean lower freight rates for operators of very large


Bumpy Ride for Car Carriers

Graph: Clarksons Research

 The car carrier sector has been yet another part of the shipping industry to have faced challenging conditions this year, says Clarksons Research.   The focus has largely been on demand side difficulties, with growth in global seaborne car trade appearing to have gone into reverse gear


No recovery for Container Traffic in sight - Drewry

Fig 1 Source Drewry Maritime Research, derived from Container Trade Statistics

Asia to West Africa container traffic fell by 19% in the third quarter; the end-year result will not be much better. The IMF’s latest World Economic Outlook, published last month, described “multispeed” growth for sub-Saharan Africa economies with the divide between the haves


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


India Aims to Boost Low-grade Coal Sales While Global Prices High

India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high, with the government hoping the moves will help cut imports.   State-controlled Coal India


Vessel Oversupply to Persist in the VLGC Shipping Sector

Graph: Drewry Shipping Consultants Limited

 High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.  


E-business in Forwarding - Threats and Opportunities

Image: Drewry Shipping Consultants Limited

 In this white paper, Drewry consultants investigate the drivers behind the accelerating use of new e-business models and online platforms in international shipping transactions and assess the implications for freight forwarders, ocean carriers and those investing in the technology and


Asia Tankers-VLCC Rates May Hit Multi-Month Highs

File Image of a VLCC (CREDIT: EURONAV)

VLCC rates last week hit highest since April, May; balanced tonnage supply-cargo demand support rates. Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs last week, could climb further if there is a flurry of pre-Christmas chartering activity


Oscar B: Power in the River Currants

Oscar B (Photo: Cummins)

Since 1925 there has been some form of car ferry crossing of the lower Columbia River from Puget Island on the Washington side to Westport Slough on the Oregon side. In 1959 Wahkiakum County took over operation of the ferry and in 1962 had a steel-hulled ferry, named for the county


Shallow-Draft Yukon River Tender

Photos courtesy of Haig Brown/Cummins

 “If it works well, then why change it?” might have been the idea of the owner of a new Yukon River salmon tender building at WCT Marine’s shipyard at Tongue Point on the Columbia River near Astoria, Oregon. Owner R. Bodey had Tullio Celano draw up a set of plans from a


Radio Zeeland Introduces TITAN Line Navigation Displays

Photo: Radio Zeeland DMP

Making its debut at the International WorkBoat Show, the new TITAN Line from Radio Zeeland DMP can be connected either to a network or to a wired system and provides wider flexibility and customization with the ability to have a combined digital or analogue display unit within the same panel


Market Forces Down Ship Operating Costs

© chrisberic / Adobe Stock

 The cost of operating cargo ships has fallen for two successive years but is forecast to rise in 2017 and beyond, according to the latest Ship Operating Costs Annual Review and Forecast 2016/17 report published by global shipping consultancy Drewry.  


Dry Bulk Owners Say the Worst is Over

© Volodymyr Kyrylyuk / Adobe Stock

The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday.   Dry bulk shipping






 
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