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.


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.


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.


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.


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


New ABS Guide for LNG Bunkering

New Guide provides standards for growing LNG bunkering vessel sector.   ABS, a provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for LNG Bunkering. This new Guide provides standards for the design


Damen Briefs Local Suppliers Ahead of Australian OPV Bid

Perth briefing (Photo: Damen)

As Damen Shipyards Group prepares its SEA 1180 OPV Program tender to the Australian Ministry of Defense, the Dutch shipbuilder said it has held two industry briefings aimed at Australian companies active in the maritime and defense industries.  


Maersk Expects Healthier 2017 for Shippers

Photo: Maersk Line

 Bloomberg quoted Robbert van Trooijen, APAC CEO of Maersk Line, saying that the current year (2017) will be more profitable than the last.    Post-Hanjin, ocean freight customers now stressing stability and avoiding risk to supply chains, not just rates, he said.  


Spanish Stevedores Cancel Planned Strike

Spanish dock workers on Wednesday called off a planned three-day strike next week after the government said it would delay plans to reform the sector and instead open talks with the unions.   The standstill was due to take place every other hour on Feb


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


Troll Solution Wreck Removal Completed

(Photo: Ardent)

A stricken jack-up has been removed from the Mexican seabed in close proximity to a well head platform, making for the largest wreck removal project completed in 2016.   Weighing approximately 7,000 tons, the jack-up Troll Solution, contracted to operate in Pemex's Abkatun-Pol-Chuc shallow


Radio Holland Turns 100

Presentation of the anniversary book A Century Radio Holland during the festive celebration of the 100th anniversary of Radio Holland on board of the ss Rotterdam. From left; Paul Smulders (CEO Radio Holland Group), Ing. A. Aboutaleb (Mayor of Rotterdam), Erik van der Noordaa (CEO RH Marine Group) and Ben Vree (Chairman of the supervisory board of RH Marine Group). (Photo: Radio Holland)

Radio Holland celebrates its 100th anniversary and announces start of anniversary year Radio Holland Group (Rotterdam) celebrated its 100th anniversary in the maritime shipping industry. The event took place on board of the historical ship ss Rotterdam


US Navy, Queensland Partner with Industry

Deputy Under Secretary of the Navy for Management, Tom Hicks, left, meets with the Queensland Premier, the Honorable Annastacia Palaszczuk, center, and the Queensland Minister for Energy and Water Supply, the Honorable Mark Bailey prior to the open ceremony for the Biofutures Industry Forum at the Brisbane Convention and Exhibition Centre in Brisbane, Australia. (U.S. Navy photo courtesy of Queensland Officials/Released)

A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss


SCI Led JV Takes Delivery of LNG Carrier “PRACHI"

The joint venture partners comprising SCI, MOL, NYK and K-Line that owns MT Prachi, also operate the three vessels. Photo SCI

A Joint Venture comprising The Shipping Corporation of India Ltd. (SCI), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and Petronet LNG Ltd (PLL), have taken delivery of a new build Liquefied Natural Gas (LNG) carrier MT


Los Angeles Container Volumes Jump 23.6%

Photo: Port of Los Angeles

According to the Port of Los Angeles, containerized cargo flowing through the port surpassed all-time volumes for a Western Hemisphere port for the second consecutive month.   Port of Los Angeles terminals processed 877,564 Twenty-Foot Equivalent Units (TEUs)


India to Push Coastal Shipping

Indian Shipping Minister Nitin Gadkari. Photo by PIB, Govt of India

 Coastal shipping provides benefit in the form of less environmental pollution due to lower per km consumption of fuel.     However, unavailability of consolidated cargo, return cargo and general lack of awareness among shipper community make coastal shipping unviable.  


Sino-Global Shipping Enters Agreement With COSCO

Image: Sino Global

 Sino-Global Shipping America, a non-asset based global shipping and freight logistic integrated solution provider,  has announced the signing of an Inland Transportation Agreement  with COSCO Beijing International Freight Co in which COSFRE Beijing will utilize the Company's


APM Terminals Mumbai Mulls DPD Service

Photo: APM Terminals

 APM Terminals Mumbai, India’s busiest container terminal, has embraced ‘Direct Port Delivery’ (DPD)service initiated by the Indian government as part of its “Ease of Doing Business Program” to enhance India’s access to the global logistics chain. 


Seacat Set for Offshore Wind Rush

Courtesy Seacat Services

Class-leading OESV operator invests in personnel and moves into new Isle of Wight HQ as it prepares for ramp-up in offshore wind construction   9th January 2017, Isle of Wight – Class-leading offshore energy service vessel (OESV) operator, Seacat Services


Los Angeles Port sets Highest Western Hemisphere record

PORT OF LOS ANGELES 2016 CARGO VOLUMES BEST EVER FOR A WESTERN HEMISPHERE PORT Photo Port of Los Angeles

Cargo volumes at the Port of Los Angeles reached 8,856,782 Twenty-Foot Equivalent Units in 2016, marking the busiest year ever for a Western Hemisphere Port.  The previous record was set in 2006, when the Port of Los Angeles handled 8,469,853 TEUs.  






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