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SS&Y Capesize Indices

SS&Y Pacific Capesize Index Plummets 243 Points Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 243 points to 5,259 in the week ending May 8. "The Pacific Capesize index fell after the holidays in the Far East, with early vessels becoming the victims of a lack of inquiry," SS&Y said. "A $1 fall on the Queensland/Rotterdam route (120/150,000 ton cargo) was certainly not going to help the index, which witnessed its first serious decline since January," SS&Y added. SS&Y Atlantic Capesize Index Drops 131 Points Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index fell 131 points to 4,786 in the week ending May 8. "The Atlantic Capesize index dived on the back of weaker demand, which softened rates for early tonnage. However, iron ore demand in the Atlantic remained steady and limited the fall in rates to more moderate levels," SS&Y said. "There seems no real major cause for concern as the weakening was in line with the usual post-holiday malaise, and demand should begin to pick up in the near future," SS&Y said.


This Day in Coast Guard History – March 18

1909-  Stations Holly Beach, and Hereford Inlet, New Jersey: the schooner C.B. parted its chain while weighing anchor.  She set a distress signal which was discovered by the lookouts at both stations.  The surfboats proceeded to the scene and surfmen swept for the chain and assisted in securing it on board. 1943- USS Ingham, CG, rescued all hands from the torpedoed SS Matthew Luckenbach. 1967-The 378-foot high endurance cutter Hamilton, first in her class, was commissioned


SS&Y's Atlantic Capesize Index Rises 186 Points

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 186 points to 3,868 in the week ending Oct. 4. "The upward curve of the index remained steep this week due to the steady flow of new Atlantic inquiry," SS&Y reported. "Owners are beginning to feel positive, with prompt tonnage being fixed and cargo pressure adding to the bullishness," SS&Y added.


SS&Y Indicies Rise

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 102 points in the week ending Monday to 5,828. "Tonnage in the Pacific remained in tight supply," SS&Y said. "The index continues to march towards 6,000 and if the trend line of the past five months is maintained we will cross this mark by mid-November," SS&Y added. Its Atlantic Capesize Index rose 30 points in the week ending Monday to 5,926. "The 30-point gain shows that the market remains very firm," SS&Y said.


Crowley Shipmaster Receives 'Sandy' Relief Award

Spirit Awards: Photo credit Crowley

The master of Crowley’s 'S.S. Wright, Capt Fred Walley, receives the 'Spirit Award' in recognition of Hurricane Sandy relief efforts
. Capt Walley of the Ready Reserve Force (RRF) ship, was presented with the Spirit Award at the Nationals Park during a televised Major League Baseball game between the Washington Nationals and the Philadelphia Phillies on National Maritime Day, May 25. National Maritime Day is an annual observance that recognizes the U.S. maritime industry.


SS United States Will Not Return to Service

SS United States sits out of commission in Philadelphia. (Photo: SS United States Conservancy)

A comprehensive technical feasibility study has determined the SS Unites States to be structurally sound, but a number of insurmountable obstacles will keep America’s Flagship from returning to seagoing service. In February, Crystal Cruises reached a deal with the SS United States Conservancy to restore what was once the world’s fastest, safest and largest passenger liner to a fully operational modern luxury cruise ship, pending the results of a technical feasibility study


Shipwreck Causes Oil Spill

The California Office of Spill Prevention and Response (OSPR) stated that the U.S. Coast Guard and the OSPR have confirmed that an intermittent oil spill in San Mateo vicinity has been traced to the SS JACOB LUCKENBACH. The vessel sank on July 14, 1953 approximately seven miles southwest of the San Francisco Lightship after colliding with the SS HAWAIIAN PILOT. The Coast Guard's original Report of Investigation reveals that the collision was caused, in part, by poor use of radar.


This Day in Naval History - Aug. 17

From the Navy News Service 1812 - Frigate President captures British schooner L'Adeline in North Atlantic. 1942 - Submarines USS Nautilus (SS 168) and USS Argonaut (SS 166) land 222 Marines on Makin Island, first amphibious attack made from submarines. 1959 - Adm. Arleigh Burke re-appointed as Chief of Naval Operations (CNO) for third two-year term, serving longest term as CNO. 1962 - Navy's first hydrofoil patrol craft, USS High Point (PCH 1) launched at Seattle, Wash.


This Day in Coast Guard History – August 25

1945-CGC Magnolia was rammed amidships on 25 August 1945 by the cargo ship SS Marguerite Lehand off Mobile Bay.  She sank in two minutes and one of her crew was killed.  The other 49 were rescued.  Those survivors cross-decked to the new tender CGC Salvia (WAGL-400) which then took Magnolia's place. 1950-SS Benevolence collided with SS Mary Luckenbach.  CGC Gresham and other vessels responded and rescued 407 persons.


Odyssey Recovers 1.8 Million Ounces of Silver From Shipwreck

Gairsoppa - Silver

The latest recovery from SS Gairsoppa reportedly set the world record for deepest, largest precious metal recovery. Odyssey Marine Exploration said it has recovered more than 61 tons of silver bullion this month from a depth of nearly three miles. This recovery of bullion from the SS Gairsoppa, a 412-foot steel-hulled British cargo ship that sank in February 1941, consists of 1,574 silver ingots weighing about 1,100 ounces each or almost 1


Two New SEA\LNG Partners

SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development.  


Aker/DNV GL Ink Frame Agreement

Kjell Einar Eriksson Photo DNV GL

Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension


Steel Handling Facility for London Thamesport

London Thamesport and the Armitt Group have signed an agreement for a purpose-built, 120,000 square feet specialist steel handling facility. Pictured at the signing are (l to r) Nicholas Marshall, Commercial Director Armitt, Clemence Cheng, Managing Director Hutchison Ports Europe (seated), Allan Seedhouse, Director Armitt, Charles Gray, Managing Director Armitt (seated), Mark Taylor, Director, Hutchison Logistics (UK) Photo  Hutchison Ports)

London Thamesport has signed an agreement with UK shipping agent and logistics company The Armitt Group for a purpose-built, 120,000 square feet specialist steel handling facility at the Kent port.   Construction of the first phase of 60,000 square feet is well underway


Industry to Prevent Shipping of Counterfeit Goods

Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the maritime transport of counterfeit goods. Leaders from global shipping firms, freight forwarders


Hoover Container Solutions, Ferguson, CCCC Merge

Hoover Ferguson Logo

Hoover Container Solutions (“Hoover”), Ferguson Group (“Ferguson”) and CHEP Catalyst & Chemical Containers (“CCC”), three leading global providers of container solutions products in the energy, petrochemical and general industrial markets


APM Orders 12 STS, 32 ARMGs Cranes

APM Terminals Medport Tangier port development photo APM

APM Terminals has announced orders for 12 remote-controlled Ship-to-Shore (STS) cranes and 32 Automated Rail-Mounted Gantry Cranes (ARMGs) to equip the new five million TEU* APM Terminals MedPort Tangier facility now under construction at the Tanger-Med II port complex.


Roadshow to help Australian companies participate in Naval Ship building Deals

Adelaide Future Frigate Industry Photo DoD Australian Govt

A national roadshow for the Future Frigates and Offshore Patrol Vessels has kicked off to help Australian companies get involved in the multibillion dollar projects. The Minister for Defence industry, The Hon Christopher Pyne MP today launched the roadshow in Adelaide before it heads to Perth


LNG Fuel is Not a Cure-all Solution

Liquefied natural gas (LNG) is not a panacea to reducing greenhouse gas emissions, and its increasing use as a marine fuel could be worse for the environment than burning heavy fuel oil, said Ian Adams, the former CEO of the International Bunker Industry Association.  


BAE Systems to Begin Building Next UK Warships in 2017

(Image: BAE Systems)

BAE Systems said it will cut first steel for the U.K. Royal Navy’s Type 26 Global Combat Ships in Glasgow in summer 2017, subject to final contract negotiations with the U.K. Ministry of Defense (MOD).   “Backed by Britain’s rising defense budget


Adani Ports Organize Trade Meet in Rajkot

Shahzad Athar, GM, APSEZ - Container Marketing, addressing the audience, Photo APSEZ

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator’s, container terminal, Mundra, recently organized a trade meet at Rajkot with the intent of showcasing the capabilities of Mundra Port and recent developments thereat, to their stakeholders.


COSCO Shipping, DEME Signs Umbrella Agreement

Photo: DEME

 The Belgian dredging, environmental and marine engineering group DEME and COSCO Shipping - the largest shipping company in the world - will work closely on the development of offshore wind energy in China.    The umbrella agreement was signed today in the presence of Belgian


DNV GL Debuts Tool to Support Wider Adoption of LNG as Fuel

Fitness for purpose of LNG - New tool helps overcome quality issues and protect engines by calculating the PKI methane number

New easy-to-use calculator helps overcome quality issues and protect engines European Autumn Gas Conference, The Hague: Greater use of LNG as fuel would reduce global emissions of greenhouse gases, but barriers remain to its widespread adoption


Hawes Joins TMG

Kevin Hawes  (Photo: TMG)

Kevin Hawes has started at  Seattle-based maritime services company and consultancy The Maritime Group (TMG) International Ltd., as Business Development Manager and Senior Consultant. Based at TMG’s London office at Victoria Embankment


Port of LA and GE Transportation to Digitize Shipping

Photo: GE

 The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster.   First-of-its-kind port information portal delivers fast, data-driven insights to enhance maritime supply chain performance and better serve ultra-large


Signet Launches New Tug for E.N. Bisso

Photo: Signet

On the morning of October 12, 2016, E.N. Bisso and Signet Shipbuilding & Repair (SS&R) Pascagoula, Miss., christened and launched E.N. Bisso’s newest high technology Robert Allan Ltd. (RAL) design tug.  Mrs. Deborah F. McDonald, wife of Mr. William H. McDonald, President, E.N






 
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