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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.


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.


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.


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.


SS&Y Atlantic Capesize Index Climbs 226 Points

Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 226 points to 4,367 in the week ending Nov. 22. "Gains of between five and 40 cents on many routes lifted the index this week, and Richards Bay remains active with several stems still uncovered for December," SS&Y reported.


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.


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


This Day In Naval History: April 26

USNS Soderman (T-AKR-317) launching ceremony (Photo: NASSCO)

1860 - The screw steamship Mohawk captures the slaver Wildfire with 530 slaves on board in the Bahama Channel, taking them to a camp in Key West guarded by Mohawks Marines until returned home.   1869 - As a post-Civil War push for re-enlistments, the Good Conduct Medal


This Day In Naval History: April 27

USS Daniel Webster (SSBN 626) was launched April 27, 1963. (Photo from the files of the Vallejo Naval & Historical Museum courtesy of Darryl L. Baker)

1805 - With naval bombardment from USS Nautilus, USS Hornet, and USS Argus, Lt. Presley OBannon leads his Marines to attack Derne, Tripoli, and raises the first U.S. flag over foreign soil. The Battle of Derna was the Marines' first battle on foreign soil


This Day In Naval History: April 28

Frank Knox (Official U.S. Navy Photograph)

1907 - A U.S. Marine Corps detachment from the patrol gunboat Paducah serves ashore at Laguna, Honduras, to protect Americans during a war between Honduras and Nicaragua.   1942 - The U.S. Navys Task Force 99, which consists of USS Wasp, USS Tuscaloosa and USS Wichita, plus four destroyers


This Day In Naval History: April 29

ex-USS Connolly (DD 979) is sunk during an exercise (U.S. Navy Photo by Chris Brown)

1814 - American sloop USS Peacock and HMS Epervier engage in battle. Peacock takes two 32-pound shots in her fore-yard with the first exchange, but her return broadside smashes most of Eperviers rigging and guns. After 45 minutes, Epervier is captured


This Day In Naval History: April 8

1823 - The barges USS Mosquito, USS Gallinipper, and sloop-of-war Peacock chase the pirate schooner, Pilot, which is driven ashore off Havana, Cuba.   1848 - The first U.S. flag is flown over the Sea of Galilee when Lt. William F. Lynch sails in an iron boat up the Jordan River


This Day In Naval History: April 11

Oil on canvas by the artist Tom Freeman entitled Homecoming, Annapolis Commissioning. The Annapolis (SSN-760) was commissioned 11 April 1992 at the Electric Boat Div., General Dynamics Corp, Groton, CT. (Courtesy of USNI)

1783 - Congress declares the cessation of arms against Great Britain, just a few days after British Parliament passed a similar resolution, thus ending hostilities of the American Revolution. 1944 - USS Redfin (SS 272) sinks the Japanese destroyer Akigumo in the eastern entrance to Basilan


This Day In Naval History: April 12

USS Mason (DDG 87). (U.S. Navy photo by Cliff Steenhoff)

1861 - The Civil War begins with Confederates firing on Fort Sumter, S.C. The Union Navy plays an integral part blockading Confederates, keeping them diplomatically and economically contained from other nations.   1911 - Lt. Theodore Ellyson completes his aviator training at the Glenn


Which way to Munich?

Table and Figure - Source: Drewry Supply Chain Advisors

 Drewry Supply Chain Advisors’ whitepaper finds that the traditional gateway ports in North-West Europe no longer hold all of the trump cards.   A recently published whitepaper from Drewry’s Supply Chain Advisors looking at the ‘Best Routes’ for containerised


GTT, AG&P to Tap Smaller Scale Modular LNG Market

GTT, (Gaztransport & Technigaz), an engineering company specialized in the design of membrane containment systems for the transportation and storage of liquefied gases, has signed a Technical Assistance and License Agreement (TALA) with AG&P (Atlantic, Gulf and Pacific Company)


Total, KOGAS Extend Cooperation on LNG

Image: Korea Gas Corp

 Korea Gas Corp, the world’s biggest importer of LNG, has struck deals with French giant Total to extend its reach into the liquefaction sector, reports Reuters.   Total has pledged to press forward with investment in LNG despite the downturn in oil and gas prices and has signed


This Day In Naval History: April 19

Program for the Commissioning Ceremony held of the USS The Sullivans DDG-68, held at Staten Island, New York on April 19, 1997.

1917 - The U.S. Naval Armed Guard crew on board SS Mongolia engages and damages a German U-boat, the first engagement against the enemy after declaration of war on April 6. 1920 - The first German submarine brought to the United States after World War I arrives at New York


Liner Reliability Bucks Downward Trend - Drewry

Drewry containership reliability by trade, March 2016.

Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The average on-time performance in March gained 5


This Day In Naval History: April 20

Official U.S. Navy file photo of of the amphibious assault ship USS Saipan (LHA 2)

1861 - Union forces burn screw frigate Merrimack and Gosport Shipyard, Portsmouth, Va., to prevent Yard facilities and ships from falling into Confederate hands during the Civil War. 1914 - The first call-to-action of naval aviators is given, creating an aviation detachment of three pilots


Liner Reliability Bucks Downward Trend

Graph: Drewry Shipping Consultants Limited

 Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.   The average on-time performance in March gained 5


This Day In Naval History: April 25

The crew of the guided-missile destroyer USS Truxtun (DDG 103) mans the rails after bringing the ship to life at the ships commissioning ceremony. (U.S. Navy photo by Rebekah Blowers)

1862 - Union Flag Officer David G. Farraguts fleet sails into New Orleans, La., after long preparation and fierce battles while passing through the Confederate defenses of Fort Jackson and Fort St. Philip the previous day.   1914 - In the first use of U.S






 
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