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.
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
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.
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.
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.
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
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.
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.
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.
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
Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million. A statement from the company says credit facility is already operational
1864 - CSS Tallahassee, commanded by Cmdr. John Taylor Wood, returns to Wilmington, N.C. to refuel on coal. During her more than two week raid, CSS Tallahassee destroys 26 vessels and captures seven others. 1927 - USS Los Angeles (ZR 3) rises to a near-vertical position due to the sudden
The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday, 27 August. Safety of navigation is at the centre of the Maritime
Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line. "We’re always looking for ways to improve cargo care on behalf of our customers
1790 - The Revenue Cutter Service is established by Congress, authorizing the construction of 10 vessels to enforce federal tariff and trade laws and prevent smuggling. The service receives its present name, U.S. Coast Guard, in 1915 under an act of Congress that merges the Revenue Cutter Service
1832 - USS Potomac, becomes the first U.S. Navy ship to entertain royalty, King and Queen of Sandwich Islands. 1858 - The last bit of cable is laid by USS Niagara and British ship Agamemnon to complete the first trans-Atlantic cable
As the maritime industry continues to evolve, the need for developing well-trained, knowledgeable and tech-savvy port leaders of the future has never been greater. Last April, the Port of Los Angeles announced its first-ever Fellows Program
August should be the busiest month of the year for import cargo volume at the nation’s major retail container ports now that retailers have stocked up for back-to-school and are getting a head start on holiday season merchandise. That’s according to the monthly Global Port Tracker
The GT Nexus Shipper Council, a community group of supply chain executives representing large global enterprises, has recognized Hapag-Lloyd, one of the world's leading container liner shipping companies, as the winner of the 2016 Ocean Performance Award.
1812 - The frigate USS Constitution captures and burns the brig, HMS Lady Warren, off Cape Race, off Labrador, Canada. 1831 - The U.S. flag gains the nickname of Old Glory from William Driver, master of the brig USS Charles Daggert.
1898 - USS Mohican and USS Philadelphia (C 4) crew members take part in official ceremonies marking the assumption of sovereignty of the Hawaiian Islands by the United States. 1918 - The Secretary of the Navy Josephus Daniels approves the acceptance of women in the Marine Corps
1822 - USS Grampus investigates and pursues a brig flying Spanish colors. When called upon to surrender, the privateer brig Palmyra from Puerto Rico fires cannon and musket fire. USS Grampus fires back on Palmyras broadsides reducing Palmyras rigging to a complete wreck
1812 - The frigate, USS President, captures British schooner, HMS L'Adeline, in the North Atlantic. 1841 - Secretary of the Navy George E. Badger signs that the Chief Clerk's signature is valid on the certified copy of the medal citation awarded to Capt
Adani Kattupalli Port Private Ltd (AKPPL), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, has been certified by the Indian Customs in its Authorized Economic Operator (AEO) programme
1812 - The frigate USS Constitution captures the frigate HMS Guerriere, off Halifax, Nova Scotia after an intense battle. 1818 - Capt. James Biddle, as commanding officer of USS Ontario, takes possession of Oregon Territory for United States.