Pressure on Earnings in Container Shipping Industry
The low demand on the high volume trade lanes is surely increasing the pressure on earnings which is already felt in the container shipping industry. This was one of the views that, BIMCO’s Chief Shipping Analyst, Peter Sand shared with the participants at the Maritime Cyprus 2015 Conference as he played an active part as a panellist on the session that focused on the future of the shipping market.
336 Ships Transited Suez Canal Last Week
A total 336 ships transited the canal last week, carrying a total cargo of 19.5m tonnes, reports Daily News Egypt quoting new data from the Suez Canal. The average number of ships transiting the canal daily reached 48 throughout last week, with average cargos amounting to 2.8m tonnes per day, whereas the average cargo per ship reached 58,000 tonnes. The number of ships transiting the canal from the northern direction reached 147 ships…
Long Beach Port Weighs Options to Enhance Efficiency
The Port of Long Beach today announced plans to seek new ways to use a largely undeveloped 150-acre pier to help move cargo more efficiently as the Port continues to welcome increasing trade. With the looming closure at the end of this month of the temporary storage depot at the Terminal Island parcel known as “Pier S,” Harbor Department officials will begin a process to solicit input on potential uses from industry, environmental groups and the community.
4,700 Migrants Rescued off Libya Coast
Nearly 4,700 migrants were rescued off the coast of Libya on Saturday as they tried to reach Europe but one woman was found dead, Italy's coastguard said. Tens of thousands of people, mainly from Africa and the Middle East, have tried to cross the Mediterranean this year, often dangerously packed into small vessels unsuitable for the voyage. The coastguard said in a statement it had coordinated 20 rescue operations involving numerous vessels which picked up 4…
Migrants Brave Deadly Dinghies
It is nighttime on a beach near the resort town of Bodrum and a group of migrants look out nervously at two ships on the horizon, wondering if they can slip past the Turkish coastguard and cross the Aegean Sea into a new life in Europe. But their dinghies are poorly made and slow, and the coastguard has stepped up patrols in the area, where the body of toddler Aylan Kurdi washed up, sparking international outrage.
Struggle Continues at Vietnam Port
The deep-river port complex in the southern province of Ba Ria-Vung Tau is still struggling to reach its designed capacity, says local media reports. The seven deep-water seaports have been built by the Cai Mep – Thi Vai Port Group in the southern province of Ba Ria – Vung Tau in the past few years at a total cost of VND40 trillion (nearly US$1.8 billion). Statistics from the province's transport department showed that a total of 1.16 million TEUs were handled at Cai Mep-Thi Vai last year…
All Set for Hong Kong - Macau Yacht Races
Yacht races between Hong Kong and Macau will take place on 26 September (Saturday) and 28 September 2015 (Monday). About 25 sailing boats are expected to participate in the races. The outbound trip from Hong Kong to Macau will start at 1000 hours on 26 September 2015 in an area south-east of Lamma Island (in the vicinity of Yuen Kok Light). (b) Course 2 – a south-westerly route through the southern boundary of the Hong Kong Special Administrative Region…
Chile Earthquake - Ports Status
Chile's government has declared a state of emergency in the central region struck by Wednesday's earthquake, the biggest to hit the country since 2010 and the most powerful in the world this year. The 8.3-magnitude tremor struck off the coast of Coquimbo, 46km west of Illapel, at 19:54 local time (22:54 GMT) on Wednesday evening. Tsunami waves hit the coast at Coquimbo and further out from the epicentre, with waves half a metre higher than usual as far north as La Punta.
USCG Offload Drugs worth $ 11 mln
Crewmembers of Coast Guard Station Miami Beach, Florida, offloaded 254 kilograms of cocaine and 3,662 pounds of marijuana interdicted in the Caribbean Sea as part of Operation Martillo worth an estimated wholesale value of $11.8 million, at Base Miami Beach, Friday. On Sept. 3, a maritime patrol aircraft reported a suspicious Panamanian flagged sailing vessel southeast of Nicaragua. Coast Guard Cutter Robert Yered arrived on scene and attempted to contact the vessel.
USCG Talks Tough - Ship Detentions
In their recent published Annual Report 2014 Top US Coast Guard official says there will be no let-up in the battle to end ship-sourced waste-oil pollution and ISM Code deficiencies, with even tougher inspection procedures on the way. The safety performance of ships calling at US ports appears to be deteriorating, according to the latest figures, but the US Coast Guard (USCG) says it is because its inspectors and inspections are getting better.
Felixstowe Port Goes Green
The Port of Felixstowe is creating an environmental corridor as part of the Go Green campaign launched by Hutchison Port Holdings (HPH) and a number of other global port operators. The initiative at Felixstowe will include the refurbishment of part of a system of dykes within the port. The work will include the improvement of habitats for wildlife as well as enhancing green areas within a busy industrial complex by planting a mixture of trees, grasses and wild flowers.
Seaspan Acquires Eighth Boxship
Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the Maersk Guayaquil. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's eighth 10000 TEU SAVER design containership and seventh delivery in 2015. The Maersk Guayaquil will commence a five-year, fixed-rate time charter with Maersk Line A/S. Maersk may extend the charter with two consecutive one-year options.
Injured Fisherman Medevaced from Midway Atoll
A 46-year-old man is receiving treatment in Oahu after being medevaced from Midway Atoll, Saturday. The Hercules crew flew more than 1,300 miles from Oahu to Midway to complete the medevac. Watchstanders at the Coast Guard Joint Rescue Command Center Honolulu received a medevac request from the Chinese-flagged fishing vessel Kiafuhao regarding an injured crewmember. The duty Coast Guard flight surgeon was briefed and recommended a medevac based on the patient’s condition.
Newport International Boat Show Annouces NFNP Winners
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards. A highlight of the industry, NFNP entries were open to domestic and foreign products launched in the U.S. after April 1, 2015 that made their boat show debut at Newport. safety and aesthetics. “We were extremely impressed by the number and quality of entries this year…
Star Bulk Sells Supramax Ship
Dry bulk shipper Star Bulk Carriers Corp. announced the sale of a 58,722 dwt Supramax vessel, M/V Maiden Voyage, built in 2012 (tbr Astakos). Star Bulk said the vessel was delivered to its buyers…
NYK to Launch Car Carrier Service from Canaveral
NYK will begin car carrier transport service from Port Canaveral to Central and South Americas, starting October 10, 2015. The first vessel will be the MV Neptune Leader V 65.
LGH Expands Equipment Rental Fleet
Lifting Gear Hire (LGH), a company providing lifting and moving equipment for rent and sale, announced the addition of several new products to its equipment rental fleet. Joining the company’s rental portfolio is a 4x4x2 Gated Material Basket, as well as several new rigging rollers, including include Beam Clamp Rigging Rollers, Beam Clamp Multi-Rollers and Rack Rollers – each piece of equipment tested, inspected and certified upon request, and all available for immediate rental.
Wireless Crane Camera System: BlokCam
A new wireless crane camera system called BlokCam delivers live video from the hook block to the operator in the cabin. Manufactured by 4Site Technology exclusively for BlokCam Limited…
One Migrant Child Dead, 13 Missing Off Greek Island
A girl believed to be five years old died and as many as 13 migrants may be missing at sea off the Greek island of Lesbos on Saturday, the Greek coastguard said. Nikos Lagkadianos, a coastguard spokesman, said 11 people were rescued from the sea between Lesbos and Turkey and one swam ashore in the early hours. The survivors said they thought 13 of their number were missing. The girl was found unconscious and was declared dead later at hospital, Lagkadianos said.
General Dynamics Wins USN Submarine Deal
The U.S. Navy has awarded a $321.7 million contract option to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics. Under this option, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. submarines and submersibles.