Ken Wood News

Descartes Systems Group announced that ocean carriers and nonvessel operating common carriers (NVOCCs) have selected Descartes' Japan Ocean Advanced Filing Rule (AFR) solution to help them comply with Japan's new advanced cargo security initiative, which takes effect March 10, 2014. Japan's AFR mandate requires ocean carriers and NVOCCs to electronically submit data to Japan Customs on maritime container cargo intended for a port in Japan no later than 24 hours before departure of the vessel from the port of loading.

In a move that is likely to increase repairs of U.S.-flagged ships at Bahrain’s ASRY, the Bahraini Government has entered into an agreement with the U.S. Government to designate Bahrain as a ‘home port’ for U.S. ships. ASRY has been repairing U.S. Navy and MSC ships for a number of years, especially during the Kuwait and Iraq Wars. On the commercial side, ASRY has also been carrying out emergency repairs to U.S.-flagged ships. However, under this new agreement, U.S.-flagged commercial vessels can now repair in ASRY without paying the 50% levy to the U.S. Government by repairing overseas. Bahrain is the only major Gulf shiprepair country to enter into this agreement with the U.S. Authorities.

(Sale Prices in Millions of $) Date Name DWT Built (age) $ BULKCARRIERS 12/04/06 STX QINGDAO 16,500 98( 8) $18.5 12/12/06 ASEAN EXPRESS 17,665 77(29) $2.8 12/04/06 SIDER TIS 18,200 98( 8) $18.5 12/12/06 BOLKAR 18,427 81(25) $4.8 12/12/06 SIDER PINK 18,500 06( 0) $22.5 12/12/06 DS REGENT 20,001 03( 3) $21.5 12/20/06 NEW EXPLORER 22,201 93(13) $18 12/12/06 LARK 23,723 96(10) $21.5 12/12/06 ANODAD NAREE 25,502 80(26) $5.3 12/12/06 ATLANTIC ZEUS 26,842 86(20) $12 12/12/06 CK GOODFAITH 27,308 94(12) $20 12/12/06 OCEAN PREMIER 27,348 96(10) $22 12/20/06 BLU MISTRAL II 28,835 89(17) $17 12/12/06 CLIPPER HARVEST 33,418 04( 2) $36 12/12/06 CLIPPER HORIZON 33,418 04( 2) $36 12/04/06 CRUSADER 38,110 82(24) $7 12/04/06 LEADER 38,110 83(23) $7.8 12/04/06 NICHOLA