Marine link
 

Ss Chain

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.


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.


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'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.


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


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&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.


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


World's Largest Ship Sparks Outrage

Pieter Schelte (Pic: Allseas Group)

 Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named after a Dutch officer in the Waffen-SS.  The Pieter Schelte, which is so big it can lift oil rigs out of the water


Maersk Line Gets new AEO number

  Maersk Line has been re-certified as an Authorised Economic Operator (AEO) with the AEO-F, the highest achievable accreditation in the European Union programme. The status benefits customers in several ways. The AEO-F certificate is granted to companies that meet particularly high


InterMoor Completes Juniper Mooring Installation Contract

Photo courtesy of InterMoor

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation installation campaign offshore Trinidad and Tobago to date.   InterMoor provided engineering and design services to


CakeBoxx, Globe Tracker Partner for Asset Tracking

Globe Tracker International, a company in global autonomous asset tracking, monitoring, remote management and data sharing services, and CakeBoxx Technologies, developer of CakeBoxx door-less intermodal shipping containers, today announce their strategic partnership.


Images of Historic San Francisco Wreck Revealed

Coda Octopus 3-D Echoscope sonar, downward view of the shipwreck SS City of Chester with sternpost, (left side of sonar image) compound steam engine and boilers (in blue middle of sonar image), and bow (right side of sonar image). Credit: Coda Octopus/NOAA

NOAA, partners reveal first images of historic San Francisco shipwreck, SS City of Rio de Janeiro NOAA and partners released three-dimensional sonar maps and images of an immigrant steamship lost more than 100 years ago in what many consider the worst maritime disaster in San Francisco history.


ISS Appoints Schollaert

Steve Schollaert as Executive Vice President for North America region.

  Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region.


Antwerp Port Showcases Barge Transport Initiatives

Logo

  Each week more than 915 barges call at the port of Antwerp carrying project cargo, containers and dry and liquid bulk to and from northern France, the Netherlands, Germany, Switzerland and Austria. Keeping this barge traffic flowing smoothly requires efficient collaboration between all


Hoists Facilitate Offshore Crane Repairs

Photo courtesy of JD Neuhaus

When the diesel engine of a deck crane failed, it caused major handling problems for an offshore platform operating in the Dutch sector of the southern North Sea, problems that were solved with the use of J D Neuhaus air operated hoists. The crane was operating at 40 meters above sea level and


Royal IHC Acquires Majority Stake in Brastec Technologies

Royal IHC has acquired a majority stake in Brazilian-based Brastec Technologies, a designer and builder of tailor-made production lines for the production of umbilicals and flexible pipes.   According to IHC, the agreement fulfils two important elements of its business strategy: a foothold


Antwerp Port Promoting Barge Projects

Instream campaign

Antwerp is the leading barge port in Europe. Now with its Instream campaign it is showcasing its barge facilities. Each week more than 915 barges call at the port of Antwerp carrying project cargo, containers and dry and liquid bulk to and from northern France, the Netherlands, Germany


World's Largest Crane Ship Arrives in Rotterdam

Pieter Schelte Heerema, one of the largest ships in the world with a length of more than three football fields, arrives at the port of Rotterdam for the last works before it is operational.     Pieter Schelte Heerema, one of the largest ships in the world


Lukoil Supplies Lubricants for MSC Oscar

MSC Oscar (Photo: Lukoil Marine)

With the launch of MSC Oscar, Mediterranean Shipping Company (MSC) sets a new record in terms of TEU capacity; at 19,224 TEU, the vessel is largest containership ever built.The ship was officially inaugurated at the Daewoo Shipbuilding and Marine Engineering (DSME) Shipyard in South Korea on


FMC: US Port Congestion a Top Priority

Photo: Port of Long Beach

Federal Maritime Commission (FMC) Chairman Mario Cordero announced to staff January 13 that his priority for the Commission in 2015 is addressing congestion issues that are plaguing U.S. ports.    Starting in September 2014, FMC Commissioners led public forums concerning port


EU Mulls Green Maritime Transport in Greece

Courtesy: INEA

The EU’s TEN-T Program will invest almost €600,000 in a study for the promotion of LNG use in Greek maritime transport.  The greener and cheaper LNG could contribute to reducing transport emissions and fuel supply costs in the Aegean Sea, INEA


NZ Manufacturer Bags Anchor Supply Deal

Para Sea Anchor testing with the U.S Navy off the Coast of San Diego (Image by Coppins Para Sea Anchors)

New Zealand maritime manufacturer Coppins Para Sea Anchors has secured a multimillion-dollar contract to supply anchors to a Norwegian salvage company.    The family business firm based in Motueka on the South Island has sent the first of two one-tonne sea anchors to the Norwegian






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright