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HOLIDAY

Warning: Holiday Lights on Vessels

The U.S. Coast Guard issued a safety alert reminding mariners, particularly during the holiday season, to not activate display lights that obscure the required navigational lights, unless operating in a holiday boat parade or when the vessel is secured dockside. Alert 09-09 (12/18/09). (Source: USCG Historian’s Office)


Tanker Trends: Markets Lose Steam During Asian Holidays

Tanker markets cooled as Asian holidays took the steam out of recent strength, but some brokers saw it starting to simmer again last week. Holidays in Japan and Korea this week coincided with the end of most charterers' May programs, brokers said May 5. Approximately 18 VLCC fixtures of five million tons were reported in the Middle East Gulf, down from 22 of six million tons the week before, according to broker E.A. Gibsons


Carnival Reports Financial Impact of Katrina

Carnival Corporation announced that the severe weather caused by Hurricane Katrina and subsequent port closures resulted in the cancellation of one voyage and the shortening of two voyages, as well as other voyage disruptions and related costs, for the company's Carnival Cruise Lines brand. In addition, Carnival Cruise Lines has two vessels, the Carnival Conquest and Sensation, which homeported out of New Orleans. Given the tremendous damage to New Orleans


Coast Guard Halts Carnival’s Holiday for Investigation

Coast Guard investigators, a law enforcement boarding team, and the Coast Guard Investigative Service are investigating the cruise ship, Holiday, after three separate breaches of security occurred Monday during the passenger embarkation process. The Coast Guard Captain of the Port New Orleans, Capt. Ron Branch, has ordered the Holiday to remain at the Julia Street Terminal until all passengers and luggage are screened again.


Far East Holidays Cripple Shipbrokers' Forecasts

The panamax market is clouded by the prospect of Far Eastern holidays in less than two weeks, shipbrokers said on Wednesday. Brokers are unwilling to give forecasts beyond April 29 - the start of Golden Week. "We made it through Easter unscathed, but Golden Week is a different matter. Every year we're shocked at the slack trade, it's like we forget how important the Far Eastern market is," a broker said. Inquiry for Pacific basin panamaxes remained slow with modern tonnage hoping for $11


Good Friday Container Gate Operations at Charleston

Truck gates at Charleston's container terminals will be open on Friday, April 18th, 2014 with modified holiday work hours.   The interchange lanes and yard will be open from 0800 to 1200 and from 1300 to 1700. Empties, Dry Loads, and Chassis must be    Interchanged in by 1630. If the Ocean Carriers are providing Reefer Service, the Reefers must be Interchanged in by 1600.   In addition, drivers and dispatchers are encouraged to schedule and spread out work to avoid


Offshore Workers Earn More Paid Vacation

North Sea workers have won an extra 14 days of paid holiday in a tribunal held in Aberdeen, according to a report on www.EnergyCurrent.com. The Offshore Industry Liaison Committee (OILC) and Unite sited the European Union working time directive in the bid to get more vacation for 10,000 offshore workers, including those in subsea, drilling and catering. In a 150-page ruling, the current 26 week field break was deemed compensatory rest for time workers could not take while offshore. (Source: www


Korean Stocks Fall, Shipbuilders Lead the Way Down

According to a Reuters report, Seoul shares edged down the day after Christmas as holiday celebrations from a string of positive U.S. data were cut short by lingering doubts on the sustainability of a recovery amidst the unresolved debt crisis in Europe. Losses were led by shipbuilders, seen as most sensitive to economic downswings, with Hyundai Heavy Industries losing 2.36 percent while Daewoo Shipbuilding & Marine Engineering dipped 3.88 percent


Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would likely remain above $60 for the rest of the year.   MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trade, while Japan's Nikkei stock average was up 0.4 percent ahead of a Japanese holiday on Tuesday.   Front-month Brent crude prices climbed over a percentage point to above $62 per


Baltic index Slips as China Holiday Dampens Capesize Demand

© Federico Rostagno / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its biggest one-day percentage decline in over one month, as a holiday in China weighed on demand for capesize vessels. The index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell for the fourth straight session on Tuesday. It slipped 27 points, or 2.1 percent - the biggest one-day percentage decline since Feb. 28 - to 1,255 points.


Costa Concordia Captain Sentenced to 16 Years in Prison

© Samuele Gallini / Adobe Stock

The former captain of the Costa Concordia cruise liner was sentenced to 16 years in prison on Friday by Italy's highest court for his role in the 2012 shipwreck, which killed 32 people off the island of Giglio, a court official said. Francesco Schettino was originally found guilty in 2015 of


KVH Introduces YOURlink

Photo courtesy of KVH

KVH Industries, Inc. has announced that it is introducing KVH YOURlink, a content delivery service that fleet managers and owners can use to distribute company-produced videos to all vessels in their fleet. The company will be presenting the new service at Nor-Shipping in Lillestrom, Norway


China: Engine of the Asian Cruise Industry

File photo: Dream Cruises

Cruise holidays. Despite the now mundane miracle of aviation travel, Earth's deep oceans and seas still beckon to millions of holidaymakers year on year. Or, if perhaps not the water herself, then the concomitant aspects of contemporary cruise travel


Search Continues after Colombia Tourist Boat Accident

Rescue workers searched on Monday for 13 people believed to be missing after a tourist boat sank the previous day in a reservoir in north-central Colombia, killing seven.   The cause of the accident was still unclear, officials said. Use of the Penol-Guatape reservoir


Asia, Mideast Product Tankers Idled on Oversupply

File Image: Credit BMT

Lower product shipments from India, Mideast; diesel comes off floating storage, frees up ships.   Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of


Stricken Norwegian Star Cruise Ship Towed to Melbourne for Repairs

Norgwegian Star. Photo: NCL Corporation Ltd

 The luxury cruiseliner Norgwegian Star,lost power en route from Australia to New Zealand, has docked back in Melbourne after becoming stranded off the coast for two days, says company sources.   Engine problems struck The Norwegian Starr on Friday morning after leaving port and


TEN declares cash dividend

Photo TEN

TEN Ltd. a leading crude, product, and LNG tanker operator, today announced that its Board of Directors declared a cash dividend of $0.546875 per share for its 8.75% Series D Cumulative Perpetual Preferred Shares (the "Series D Preferred Shares"; NYSE; TNPPRD) for the period from


Los Angeles Port logs Highest January Throughput

File Image (DP world)

The Port of Los Angeles handled 826,640 Twenty-Foot Equivalent Units (TEUs) in January 2017, an increase of 17.4 percent compared to January 2016.   It was the busiest January in the port’s 110-year history, outpacing last January


Steel Cut for World's First LNG Cruise Liner

(Photo: AIDA Cruises)

German shipbuilder MEYER WERFT held a steel cutting ceremony on February 21 in Papenburg marking the ceremonial start of construction for the newest cruise liner for Rostock-based cruise company AIDA Cruises. The new cruise ship will be the world’s first capable of operating completely on


Seattle/Tacoma Container Volumes Up 8% for 2017

Photo: Northwest Seaport Alliance

The Northwest Seaport Alliance, consisting of the ports of Seattle and Tacoma, has recorded an 8 percent year-to-date increase in container cargo through February.   International container volumes for the month of February remained steady with a 9


Baltic Index Down For Sixth Straight Session

File Image (CREDIT: AdobeStock)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dipped for the sixth consecutive session on Thursday on softer capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


US Navy to Celebrate Earth Day

Photo: United States Navy

 Performing missions at sea, on land and in the skies daily around the globe, the Navy is a constant presence in the environment. To emphasize stewardship on all fronts, the Navy workforce is taking part in Earth Day-related activities throughout the month of April.   


New Horizons: Cruise Industry Challenges & Solutions for 2017

Image: GE

Approximately 130 million Chinese citizens travel internationally, making China the world’s largest outbound travel market in the world. With one-sixth of the world’s population, many recognize this country as a market with huge potential.  


Weaker Vessel Rates Weigh on Baltic Index

© Eugene Sergeev / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the tenth straight session on Tuesday, hurt by weaker rates across all vessel segments. The overall index, which factors in rates for capesize, panamax


Is 'Seablindness' a Myth?

© Gerhard1302 / Adobe Stock

 UK politicians and the general public have demonstrated overwhelmingly that they recognize shipping as the biggest mover of the nation’s imports and exports, according to a new study commissioned by the UK Chamber of Shipping.  






 
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