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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


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.


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


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


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


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


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


Seaway Workers Ratify Contract

The agreement provides for annual wage increases of 3%, 3% and 3.25% over the three-year span of the contract, one additional paid holiday in February, and increases to shift and skilled trade allowances. The contract includes the necessary flexibility for the Corporation to move ahead with the development of new technology, which is expected to improve the system’s productivity and increase worker safety.


Fender Repairs Works for Dolphins at Hong Kong

  For approximately four months, fender repairing and replacement works for five of the dolphins will be carried out in the To Kwa Wan Typhoon Shelter. The works will be carried out by a crane barge. Only one dolphin will be occupied for the works at a time.


26-year Jail Term Sought for Concordia Master

Photo: The Parbuckling Project

An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people. Francesco Schettino was the commander of the vessel, a floating hotel as long as three football pitches


Indian Shipping Ministry Seeks Tax Sops

Image: Indian Ministry of Shipping

India's shipping ministry is asking for a tax holiday and more incentives for the shipbuilding industry in the upcoming Union budget, according to a report in the Economic Times. The Ministry has also prepared proposals to give a fillip to Prime Minister Narendra Modi’s Make in India campaign


New Flagship Joins CMV Cruise Line

Magellan (Image by CMV)

Britain's Cruise & Maritime Voyages (CMV) has taken delivery of new flagship Magellan ahead of its maiden voyage in March.   The former 1,250-passenger ship Grand Holiday, operated by Costa brand Iberocruceros, was built in 1985 and revamped in 2010.  


'Business as Usual' for Manila Port During Papal Visit

Image courtesy:Philippine Ports Authority

Philippines Government Cabinet Secretary Jose Rene Almendras issued a statement saying that the five-day visit of Pope Francis to the Philippines will not “significantly hamper continuous efforts for the efficient operations of the port of Manila.”  


Shipbuilder Davie Performs Double Launch

Photo courtesy of Davie

Davie launches Hull 718 (Cecon Excellence); refloats CCGS Des Groseilliers the same day; empties the largest dry dock in Canada for new work   Canada’s largest shipbuilder Davie announced a series of accomplishments, achieved over the past several weeks.  


Cheap Prices Drive Record Chinese Imports

Crude oil, iron ore and soybean shipments hit monthly record. China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home.


Imports Rising as West Coast Issues Continue

NRF Vice President for Supply Chain and Customs Policy Jonathan Gold

Year-over-year import cargo volume at the nation’s major retail container ports is expected to continue to rise during most of the first half of 2015 despite significant congestion still impacting West Coast ports, according to the monthly Global Port Tracker report released today by the


Asia Bulk-Capesize Rates at 6-year Low

Charter rates at 6-year lows as cargoes scarce; some owners anchoring ships rather than leasing at a loss. Rates for capesize bulk carriers have plunged to fresh six-year lows and could fall further with cargoes scarce in the post-holiday period, brokers said.


Manila Port Congestion Could Increase in Short Term

Pope Francis

Expecting worse congestion at the Ports of Manila to worsen with the arrival of Pope Francis on January 15, the Philippine Ports Authority (PPA) has urged shippers to clear out their cargo from the port by the weekend.   The Philippine Ports Authority says that the next seven days will be


Danish Maritime Authority Use Open Mail Lists

Open mail lists

  The Ministry of Health and the Danish Maritime Authority both take part in a pilot project with open mail lists, starting on 1 January 2015. The Danish Maritime Authority as well as the Ministry of Health have been appointed to take part in a pilot project on open mail lists


John Anthony Chamberlain

John Anthony Chamberlain (image: Signal Mutual Indemnity Association)

A Founding Father of Signal Passes Away (December 12, 1940 – January 1, 2015).   It is with great sadness that the Managers of Signal Mutual Indemnity Association Ltd. must report the unexpected passing of John Chamberlain at the age of 74


Global LNG Prices Hold Steady in Weak Trade

Asian spot liquefied natural gas (LNG) prices were little changed on Friday as mild demand and the extended holiday period kept a lid on trading activity.   The spot price for February was steady at about $10.10 per million British thermal units (mmBtu), in line with the previous week


Seawall Reinstatement at Royal Hong Kong Yacht Club

    For approximately four months, seawall reinstatement works will be carried out at the Yacht Club inside Causeway Bay Typhoon Shelter within the area bounded by straight lines joining the following coordinates (WGS 84 Datum) from (A) to (D) and the adjacent shoreline:


USCG Recruits Enjoy Christmas with Host Families

Recruits stand ready to be taken by their host family during the annual Operation Fireside pick up process at Coast Guard Training Center Cape May, N.J., Dec. 25, 2014. Nearly 300 recruits were assigned host families to spe

The Coast Guard and American Red Cross placed nearly 300 Coast Guard recruits with several dozen South Jersey families for Christmas as part of Operation Fireside. Operation Fireside has placed recruits with South Jersey families during the holiday season since 1981






 
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