Keyword: shipping

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  • U.S. West Coast Ports Face New Crisis as Dockworkers Cease Contract Negotiations

    12/15/2014 7:12:42 AM PST · by Vigilanteman · 20 replies
    Supplychain 24/7 ^ | November 21, 2014 | Patrick Burnson
    Just when shippers thought things could not get any worse with the West Coast port labor “slowdown,” dockworkers proved them wrong. The latest tactic employed by the International Longshore and Warehouse Union (ILWU) has been to cease contract negotiations for next 12 days. “We have made it abundantly clear that we believe these negotiations are of the utmost importance and should continue at full strength until the Thanksgiving holiday,” said Pacific Maritime Association (PMA) spokesman Wade Gates. “We are disappointed the Union is not showing the same urgency to resolve the issues between us.” Three weeks after initiating a coordinated...
  • Cargo ship from Ebola-stricken Sierra Leone bound for Port Canaveral (Self-monitoring)

    10/31/2014 5:07:50 PM PDT · by 2ndDivisionVet · 60 replies
    WOFL-TV ^ | October 31, 2014 | Derrol Nail, Reporter
    (VIDEO-AT-LINK)PORT CANAVERAL, Fla. (WOFL FOX 35 ORLANDO) - The EOT Spar is a 300-foot-long cargo ship due in Port Canaveral just 17 days after leaving the port of Freetown, the capital of Sierra Leone in West Africa. The country has documented 5,235 Ebola cases so far, according to the World Health Organization. The U.S. Coast Guard says federal requirements already in place, as well as self-monitoring by the crew is enough to reduce risk to Central Floridians. The Coast Guard says it is in close communication with the EOT Spar, an American-flagged cargo ship out of Annapolis, Maryland. It's scheduled...
  • Container Ship Adrift off British Columbia Coast

    10/17/2014 3:08:08 PM PDT · by Oldeconomybuyer · 21 replies
    ABC News ^ | October 17, 2014
    A Russian container ship carrying hundreds of tons of fuel was drifting without power in rough seas off British Columbia's northern coast Friday, a scenario a nearby First Nation community described as its "worst fear." The Canadian Forces' joint rescue coordination center in Victoria said the Russian carrier Simushir lost power late Thursday night off Haida Gwaii, also known as the Queen Charlotte Islands, as it was making its way from Washington state to Russia. Canadian Navy Lt. Paul Penderghast said the ship was drifting nine nautical miles from shore, though he said it was largely maintaining that position. "It...
  • Ships without crew set for the seas

    09/11/2014 6:19:57 PM PDT · by 2ndDivisionVet · 61 replies
    The Local Europe AB ^ | September 11, 2014
    Researchers based in Norway believe that in around 10 years time cargo ships will have the technology to sail the seas without the need of a captain or crew. Marintek, part of the SINTEF group based in Norway, is one of a number of partners working on developing systems which can operate without the need for humans. The "Seatonomy" project is looking to have ships sailing without human crews in the next 10 to 20 years. The 12 million kroner ($1.9 million) research investment by SINTEF could actually improve ship safety as human error causes more than 75 percent of...
  • China To Build Nicaragua Canal, "World's Largest Infrastructure Project Ever"

    08/06/2014 9:14:07 PM PDT · by blam · 50 replies
    Zero Hedge ^ | 8-6-2014 | Tyler Durden
    Tyler Durden 08/06/2014 A month ago, a Nicaraguan committee approved Chinese billionaire Wang Jing's project to create The Nicaraguan Canal. With a planned capacity to accommodate ships with loaded displacement of 400,000 tons (notably bigger than The Panama Canal), the proposed 278-kilometer-long canal that will run across the Nicaragua isthmus would probably change the landscape of the world's maritime trade. "The project is the largest infrastructure project ever in the history of man in terms of engineering difficulty, investment scale, workload and its global impact," Wang told reporters, adding that with regard the project's financing, which is around $50 billion,...
  • Great Lakes ice blocks flow of grain, iron

    05/02/2014 1:44:55 AM PDT · by prisoner6 · 29 replies
    Boatnerd ^ | 5/02/2014 | NA
    Great Lakes ice blocks flow of grain, iron 5/2 - The biggest ice cover on the Great Lakes in decades is backing up shipments of everything from Canadian grain to U.S. iron and steel in one of North America's most important economic regions. The frigid winter and cool spring have hurt companies like Cliffs Natural Resources Inc. and United States Steel Corp, and also hampered efforts to clear an unprecedented buildup of grain and oilseeds in Western Canada. The Great Lakes region accounts for nearly one third of combined Canadian and U.S. output, jobs and exports, according to a report...
  • Rolls-Royce believes time of drone cargo ships has come

    03/02/2014 5:35:11 PM PST · by 2ndDivisionVet · 81 replies
    Russia Times ^ | February 26, 2014
    ​Marine innovation engineering department at Rolls-Royce has presented a draft design of an ocean-going robo-vessel that could enter service within a decade. Experts remain highly skeptical that computers could replace human instincts anytime soon. Rolls-Royce (RR/) Holdings Plc, which started designing autonomous cargo vessels in 2013, have presented in Bloomberg original computer design of crewless cargo ships. The vessels have a distinct difference from all modern ships: they lack any deck housing whatsoever. "The idea of a remote-controlled ship is not new, it has been around for decades, but the difference is the technology now exists,” announced Oskar Levander, head...
  • 38th Anniversary Of The Sinking Of The Edmund Fitzgerald

    11/10/2013 5:29:09 PM PST · by LukeL · 53 replies
    Fox 17 West Michigan ^ | 11/10/2013 | Chris Poturalski
    LAKE SUPERIOR- November 10th marks the day that the S. S. Edmund Fitzgerald sank on Lake Superior in 1975 with 29 souls on board.
  • Estonia becomes self-sufficient on shale gas boom

    09/02/2013 9:28:47 PM PDT · by 2ndDivisionVet · 10 replies
    The London Telegraph ^ | August 25, 2013 | Ambrose Evans-Pritchard
    The Baltic tiger of Estonia is the world’s first country to meet all its power needs from shale, with enough left over for neighbours and fuel exports for the shipping industry. “We are the most energy independent country in the European Union, and we will not compromise our energy security. We have a large neighbour,” said Juhan Parts, the economy minister. It is the same story wherever you go across Eastern Europe: the fuel debate comes down to Vladimir Putin’s Russia, and Gazprom’s stranglehold on gas supplies. Global warming inevitably plays second fiddle. “Estonia is not rich enough to experiment...
  • Longshore Union Quits the AFL-CIO (It's a sign of things to come)

    09/01/2013 6:48:21 PM PDT · by carlo3b · 43 replies
    LABORNOTES ^ | 08/31/2013 | Mark Brenner
    Longshore Union Quits the AFL-CIO In a surprise move, the 40,000-member International Longshore and Warehouse Union announced its disaffiliation from the AFL-CIO yesterday. The news comes just a week before the federation is set to hold its national convention in Los Angeles, the nation’s biggest port and an ILWU stronghold.. The ILWU, known for its militant traditions and progressive politics, has been drawn into turf wars with other unions in recent years—particularly in the grain export terminals of the Pacific Northwest, where longshore workers have been locked in a high-stakes battle over master contract standards since 2011. - See more...
  • Postal Service Considers Cutting Into Alcohol Shipping Business

    <p>Private carriers have been shipping alcohol for decades, but the postal service is prevented by law from engaging in the same business.</p> <p>On Thursday, Postmaster General Patrick Donahue said he hopes the agency can deliver alcoholic beverages and thereby raise $50 million a year.</p>
  • Maersk brings world's largest ship into service

    07/05/2013 9:53:09 AM PDT · by Pan_Yan · 29 replies
    Telegraph ^ | 1:15PM BST 05 Jul 2013 | Alan Tovey
    Shipping group Maersk is bringing the world's largest ship into service this month - but the vessel's sheer size could mean beginning its working life under capacity. The company has taken delivery of the first of 10 massive "Triple E" container ships each measuring 1,312ft long and capable of holding more than 18,000 standard 20ft shipping containers. Capable of carrying 16pc more cargo than Maersk's largest vessel currently plying the oceans, the Triple E class was designed to cut costs through economies of scale. However, the new ship - named Maersk Mc-Kinney Mřller - might not deliver those cost savings...
  • Chinese Trade Numbers Come In Massively Below Forecasts

    06/08/2013 6:36:27 AM PDT · by blam · 16 replies
    Business Insider ^ | 6-8-203 | Fran Wang, Agence France Presse
    Chinese Trade Numbers Come In Massively Below Forecasts Fran Wang, Agence France Presse June 8, 2013, 6:07 AM Reuters China on Saturday reported a sharp slowdown in exports in May compared to the previous month while imports unexpectedly dropped, as the world's second largest economy grapples with slowing growth and sluggish overseas demand. Overseas shipments rose just one percent to $182.8 billion last month, far lower than 14.7 percent recorded in April, customs authorities said in a statement. It also missed a medium forecast of 5.6 percent expansion in a Dow Jones Newswires' poll of economists. Imports dropped 0.3 percent...
  • Rail Traffic Confirms That The Economy Remains Sluggish

    05/25/2013 5:53:15 AM PDT · by blam · 7 replies
    Business Insider ^ | 5-25-2013 | Cullen Roche
    Rail Traffic Confirms That The Economy Remains Sluggish Cullen Roche, Pragmatic Capitalism May 25, 2013, 7:54 AMThe good news from this week’s rail traffic report is that we’re not sliding into consistently negative readings that might lead us to a far less constructive position on the economy. The bad news is that the 12 week moving average has slid down to 2.4% and is consistent with an economy that remains sluggish. Here are the details on this week’s data from AAR: “The Association of American Railroads (AAR) reported an increase in traffic for the week ending May 18, 2013, with...
  • The Rail Traffic Chart That Should Eliminate Any Of Your Worries About The US Economy

    03/07/2013 1:42:08 PM PST · by blam · 32 replies
    TBI ^ | 3-7-2013 | Joe Weisenthal
    The Rail Traffic Chart That Should Eliminate Any Of Your Worries About The US Economy Joe WeisenthalMarch 7, 2013 Rail = the real economy. This is good. Highest 12 week moving average in rail traffic since 2011.… — Cullen Roche (@cullenroche) March 7, 2013
  • The Mississippi River's Water Levels Are Dropping, And Could Shut Down Trade Next Week

    12/28/2012 8:19:44 AM PST · by blam · 28 replies
    TBI - AP ^ | 12-28-2012 | Jim Salter
    The Mississippi River's Water Levels Are Dropping, And Could Shut Down Trade Next Week Jim Salter, Associated PressDecember 28, 2012Wikimedia Commons ST. LOUIS (AP) — The Mississippi River level is dropping again and barge industry trade groups warned Thursday that river commerce could essentially come to a halt as early as next week in an area south of St. Louis. Mike Petersen of the Army Corps of Engineers said ice on the northern Mississippi River is reducing the flow more than expected at the middle part of the river that is already at a low-water point unseen in decades, the...
  • RAIL INDICATORS: The Economy Continues To Soften

    12/16/2012 9:53:13 AM PST · by blam · 7 replies
    TBI - Pragmativ Capitalism ^ | 12-16-2012 | Cullen Roche
    RAIL INDICATORS: The Economy Continues To Soften Cullen Roche, Pragmatic CapitalismDec. 16, 2012, 10:39 AM More weakness in this week’s rail traffic report. The AAR reported a -0.3% reading in intermodal. This is the second consecutive negative weekly reading. This brings the 12 week moving average down to 1.3%. That’s about in-line with the consensus Q4 GDP predictions and indicative of an economy that is growing, but just slightly. Here’s more via AAR: “The Association of American Railroads (AAR) today reported declines in weekly rail traffic for the week ending December 8, 2012, with U.S. railroads originating 292,206 carloads, down...
  • Home Sweet Shipping Container: Detroit Housing Project

    11/23/2012 4:14:58 PM PST · by 2ndDivisionVet · 53 replies
    ABC News ^ | November 23, 2012 | Karin Halperin
    The first U.S. multi-family condo built of used shipping containers is slated to break ground in Detroit early next year. Strong, durable and portable, shipping containers stack easily and link together like Legos. About 25 million of these 20-by-40 feet multicolored boxes move through U.S. container ports a year, hauling children’s toys, flat-screen TVs, computers, car parts, sneakers and sweaters. But so much travel takes its toll, and eventually the containers wear out and are retired. That’s when architects and designers, especially those with a “green” bent, step in to turn these cast-off boxes into student housing in Amsterdam, artists’...
  • Military Ordnance In Gulf of Mexico Poses Threat To Shipping

    10/08/2012 9:33:10 PM PDT · by ExxonPatrolUs · 22 replies
    PRNewswire-USNewswire ^ | Sep. 28, 2012 | Texas A&M University
    Millions of pounds of unexploded bombs and other military ordnance that were dumped decades ago in the Gulf of Mexico, as well as off the coasts of both the Atlantic and Pacific oceans, could now pose serious threats to shipping lanes and the 4,000 oil and gas rigs in the Gulf, warns two Texas A&M University oceanographers. William Bryant and Neil Slowey, professors of oceanography who have more than 90 years of combined research experience in all of the Earth's oceans, along with fellow researcher Mike Kemp of Washington, D.C., say millions of pounds of bombs are scattered over the...
  • Save our ships (Prez vs. key US industry)

    10/06/2012 6:30:23 AM PDT · by lowbridge · 8 replies
    NY Post ^ | october 6, 2012 | MICHAEL GRIMM
    In Wednesday’s debate, President Obama told the nation that he wants to stop sending jobs overseas. Funny: His administration has repeatedly circumvented a long-standing law that guarantees the employment of American maritime workers, in order to give the job to foreigners. Last year, the Obama administration waived the Jones Act dozens of times — making the rare practice almost commonplace. In doing so, he allowed foreign vessels and foreign crews to transport oil between our ports, leaving US vessels and American seafarers standing idly on the sidelines. Not many people outside the maritime industry have heard of this federal law,...
  • Brussels to launch shipping emissions monitoring system

    10/02/2012 12:05:16 AM PDT · by Olog-hai · 5 replies
    EurActiv ^ | 02 October 2012 | Marc Hall and Arthur Neslen
    The European Commission announced yesterday (2 October) that it intends to introduce an emissions monitoring system in early 2013, in a bid to curb the environmental footprint left by the shipping industry. The Commission said in a statement it would outline “a simple, robust and globally feasible approach towards setting a system for monitoring, reporting and verification of emissions based on fuel consumption”. This was “the necessary starting point” for further action on greenhouse gas emissions, it said, flagging market-based mechanisms. These could include a maritime emissions trading scheme (ETS) or bunker fuel levies. …
  • Marine fuel rules could cost billions, analysts say (European Union regs)

    08/21/2012 8:27:43 AM PDT · by Olog-hai · 8 replies
    EurActiv ^ | 21 August 2012 | ( with Reuters)
    A European crackdown on pollution from ships will require billions worth of investment by shipping firms on filter technology and by refineries on upgrades to produce cleaner fuels—burdens the industries say they can ill afford. The shipping industry is already struggling due to poor global demand and overcapacity, which have pushed freight rates to unprofitable levels for many operators. European refineries are under pressure from high crude costs, cheap refined product imports and weak demand. To comply with new European Union laws, shipping companies now face extra costs of €2.6 billion ($3.2 billion) to €11 billion ($13.7 billion) to switch...
  • Oh great, yet another new EPA regulation making things more expensive for everyone

    07/15/2012 5:28:30 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 07/14/2012 | Erika Johnsen
    Just in case you needed yet another example of Obama’s Environmental Protection Agency going above and beyond the call of duty in putting their own nebulous agenda before the concerns of the American people, here ya’ go.The EPA, working through the auspices of the U.S. Coast Guard, is set to begin enforcing a new rule on August 1st that will require all large marine vessels (like cargo and cruise ships) sailing in southern Alaska waters to use low-sulfur fuel. The EPA is justifying the regulation as an extension of an amendment to a treaty, the International Convention for the Prevention...
  • Roman Shipwreck Discovered Near Aeolian Islands

    07/02/2010 5:59:48 PM PDT · by SunkenCiv · 6 replies
    ANSAmed ^ | July 2010 | unattributed
    The wreck of a Roman ship from the first century AD which is still whole and has over 500 wide-mouthed amphorae onboard has been discovered to the south of the island of Panarea... [announced] by the Regional Councillor for Cultural Heritage, Gaetano Armao, and by the Superintendent, Sebastiano Tusa. ''From the first surveys,'' said Tusa, ''we can establish that it is a merchant shipping measuring around 25 metres, in perfect condition, which transported fruit and vegetables from Sicily to the markets in the north. The style of the amphorae is in fact typical of the 'workshops' of the island and...
  • John Paul Jones, Baranof Rescued 24 Filipino Mariners

    03/19/2012 10:50:48 AM PDT · by ThirdMate · 10 replies
    U.S. Naval Forces Central Command Public Affairs ^ | Mar. 15, 2012 | U.S. Naval Forces Central Command Public Affairs
    Mar. 15, 2012 FOR IMMEDIATE RELEASE Release #036-12 John Paul Jones, Baranof Rescued 24 Filipino Mariners By U.S. Naval Forces Central Command Public Affairs ARABIAN GULF – Guided-missile destroyer USS John Paul Jones (DDG 53) and U.S. Coast Guard Cutter Baranof (WPB 1318) rescued 24 Filipino mariners in Arabian Gulf, March 15. At approximately 2 a.m., local time, John Paul Jones, assigned to Combined Maritime Forces’ Commander, Task Force 152, responded to a distress call from the Liberian-flagged motor vessel Stolt Valor, operating within international waters 48 nautical miles southeast of Farsi Island, Iran. Once on scene, John Paul Jones...
  • Insurance fears see few tankers ready to haul Iran crude

    02/16/2012 1:11:42 PM PST · by Razzz42 · 2 replies ^ | February 14, 2012 | Singapore (Platts)
    Asian buyers of Iranian crude are struggling to find vessels willing to call at ports in the Islamic Republic as shipowners fear losing insurance cover for their tankers because of European and US sanctions aimed at curbing Tehran's nuclear ambitions. Although the EU ban on the import and transportation of Iranian crude does not directly affect Iran's Asian customers, a provision in the sanctions legislation agreed January 23 is having an impact far beyond European shores. "It shall be prohibited to provide, directly or indirectly, financing or financial assistance, including financial derivatives, as well as insurance and reinsurance, related to...
  • Weekly FR Boating Thread ~ Vol. 3 ~ Feb. 10, 2012 ~ Boat Transportation

    02/10/2012 9:37:05 AM PST · by ImProudToBeAnAmerican · 22 replies
    Weekly FR Boating Thread ~ Vol. 3 ~ Feb. 10, 2012 ~ Boat Transportation Launching ~ Weekly FR Boating Thread ~ Vol. 1 ~ Jan. 27, 2012 Weekly FR Boating Thread ~ Vol. 2 ~ Feb 3, 2012 ~ “Off Season”Last week’s thread had 26 posts, including the source for this week’s thread – boat transportation. I have helped clients ship vessels of all sizes and types all over North America and overseas. Except for two small scratches, every shipping project was successful, albeit harrowing on occasion. To help ensure your boat shipping efforts are successful, I will provide boat...
  • Baltic Dry plumbs 25-year depths (Lower Than 2008 Catastrophe Levels!)

    02/02/2012 10:07:47 AM PST · by tcrlaf · 12 replies
    Globe+Mail ^ | 2-2-12 | david parkinson
    People often talk about the Baltic Dry Index as being a "canary in the coal mine". But right now, maybe "elephant in the room" might be more fitting. The index of shipping rates for dry bulk commodities - such as iron ore, coal and grains - has long been considered by market afficionados as an advance warning system for changes in economic fortunes. When the index surges, it means shipping demand is spiking, a strong sign for a pick-up in economic activity. When the index plunges, it means ships are sitting empty - a sign of evaporating demand for goods....
  • The TRUTH About The Massive Plunge In The Baltic Dry Index

    01/29/2012 7:45:48 PM PST · by blam · 8 replies
    TBI ^ | 1-29-2012 | Joe Weisenthal
    The TRUTH About The Massive Plunge In The Baltic Dry Index Joe Weisenthal January 29-2012 Lately we've been getting a lot of concerned emails about this chart. That chart is a 1-year look at the Baltic Dry Index, which measures the spot cost of shipping good by ship around the world. As you can see, it's plunged nearly 66% since its recent highs, and understandably, people are wondering whether this remarkable deflation means the global economy is falling straight off the cliff, or at a minimum indicative of a rapid hard landing in China. To answer this question, let's first...
  • Why Is The Baltic Dry Index Getting Crushed?

    01/25/2012 1:56:23 PM PST · by blam · 19 replies
    TBI ^ | 1-25-2012 | Sam Ro
    CHART OF THE DAY: Why Is The Baltic Dry Index Getting Crushed? Sam Ro Jan. 25, 2012, 9:48 AMPeople can't seem to decide if they're concerned or just confused by the Baltic Dry Index (BDIY), which has plunged 53% since the beginning of the year.The BDIY is a benchmark for dry bulk shipping rates and is often cited as a proxy for the global economy. Sure, the global economy isn't as healthy as it could be. Just yesterday, the IMF cut its global GDP growth forecast to 3.3% in 2012 and 3.9% in 2013. This compares to its previous forecast...
  • Tanker explodes off Incheon, 5 dead

    01/15/2012 10:18:40 PM PST · by Rabin · 10 replies · 1+ views
    Korea Joongang Daily ^ | 1/15/2012 | (AP Soul) HYUNG-JIN KIM
    INCHEON - A freighter exploded in waters off Incheon, killing five sailors and causing six others to go missing. According to the Incheon Coast Guard, the 4,191-ton oil carrier Doola No. 3 exploded yesterday for unknown reasons 4.8 kilometers (3 miles) north of Jawol Island in Ongjin County, Incheon
  • Navy Readies For Chinese Power Grab On Shipping

    01/11/2012 7:06:20 PM PST · by edpc · 3 replies
    The Washington Times ^ | 11 Jan 2012 | Rowan Scarborough
    The Navy’s top officer detailed Tuesday the strategy for making sure the South China Sea and Western Pacific remain open to international shipping, saying an emerging China might try to “limit access in the region.” The remarks by Adm. Jonathan Greenert, chief of naval operations, represented a frank assessment of China’s potential power grabs as it continues a military buildup that includes more ships and anti-ship weapons.
  • This Might Be The Most Exciting Chart In America

    11/06/2011 11:23:06 AM PST · by blam · 21 replies
    TBI ^ | 11-6-2011 | Joe Weisenthal
    This Might Be The Most Exciting Chart In America Joe Weisenthal Nov. 6, 2011, 9:26 AM Last night we were examining the latest rail industry data supplied by the Association of American Railroads in its monthly Rail Time Indicators Report (.pdf). This chart really caught our eye. Image: Association of American Railroads Suddenly, domestic transfer of petroleum products, via rail, is growing like crazy, far surpassing pre-crisis levels. See, there's a shale boom in America, most prominently in North Dakota, in a big area called the Bakken. This chart from the Energy Policy Research Institute (a pro-domestic energy DC-based lobbying...
  • Woman scavenging through Athens rubbish bins is a Greek heiress called ONASSIS

    10/21/2011 5:42:37 AM PDT · by Niuhuru · 9 replies
    Daily Mail ^ | 9:22 AM on 21st October 2011 | By Allan Hall
    She looks like any old bag lady scavenging for cast-offs in the rubbish as the world looks the other way. But this is no ordinary woman - she is Olga Onassis, 90, a woman linked by marriage to one of the richest dynasties in the world. She has now fallen, like her country, on desperate times. She is a regular at a church soup kitchen in the Greek capital Athens and roots around in the overflowing garbage containers of the city for clothes.
  • Canadian Miner - Holed and Breaking Up.

    10/08/2011 8:37:26 PM PDT · by prisoner6 · 22 replies
    Various including ^ | October 7th, 2011 | Various
    Canadian Miner Update - Holed and Breaking Up The Canadian Miner was struck by a storm where 40 foot waves broke over the grounded vessel near Scaterie Island. Reports state the vessel has a 50 foot hole on the side of the vessel near the stern and the hull has cracked in several places. The storm winds reached gusts up to 131 kilometers per hour. Waves have pushed the Canadian Miner closer to shore with the bow of the vessel now resting on the beach. Luckily, salvagers were able remove 6,000 liters of engine oil and diesel fuel before the...
  • Tehran's Ghost Fleet--Chinese state-owned firm in HK helping Iranian ships get around U.S. sanctions

    08/28/2011 10:48:14 AM PDT · by Ooh-Ah · 8 replies
    Wall Street Journal ^ | AUGUST 28, 2011 | CLAUDIA ROSETT
    This June, a merchant ship flying the Hong Kong flag and sailing under the name of the Atlantic called at the Mexican port of Lazaro Cardenas—the southern end of a trade corridor to the U.S., advertised as "the fastest route to the heart of North America." That might be unremarkable, except the Atlantic, formerly called the Dreamland, and before that the Iran Saeidi, belongs to a curious network of 19 bulk carriers, all flagged out of Hong Kong and all blacklisted by the U.S. Treasury for their links to Iran. ...Hong Kong's Marine Department Shipping Register, the Atlantic is owned...
  • Baltic Dry Index Up 16% In A Week

    08/23/2011 10:43:15 AM PDT · by blam · 5 replies
    Seeking Alpha ^ | 8-22-2011 | Bespoke Investment Group
    Baltic Dry Index Up 16% In A Week by: Bespoke Investment Group August 22, 2011 Baltic Dry Index is often cited by economists as a bellwether of global economic activity. The index, which measures the price of transporting raw materials by sea, has now risen by more than 21% from its recent lows and is also up 16% in the last week alone. The index, however, is not immune from critics who argue that the index is extremely volatile and has often provided false alarms on both the upside and downside. That being said, in an environment where investors are...
  • Container-Ship Plunge Signals U.S. Slowdown

    07/28/2011 6:47:20 PM PDT · by Vince Ferrer · 15 replies
    Hellenic Shipping News ^ | July 29, 2011 | Hellenic Shipping News
    Plunging rates for chartering container vessels that carry sneakers, furniture and flat-screen TVs may signal a U.S. consumer slowdown and losses for shipping lines in what is traditionally their busiest time of the year. Fees for hiring vessels have fallen 9.3 percent since the end of April, according to the Howe Robinson Container Index, which tracks charter rates for a range of vessels. Last year, the index surged 56 percent in the period, as lines added ships on demand from U.S. and European retailers restocking for the back-to-school and holiday shopping periods. “The troubling part is that charter rates are...
  • From containerized cargos they can’t rob to Voter Id they can’t cheat Dems always fight honesty

    07/11/2011 8:09:21 AM PDT · by jmaroneps37 · 7 replies ^ | July 11, 2011 | Kevin “Coach” Collins
    The fight to force honesty into the voting process has a familiar ring. Students of American history have seen its likes in the analogous battle to stop cargo thefts from America’s docks. Across the country the tsunami that flipped so many state legislatures is beginning to prove how profound our side’s version of “change” is and will be. Among the top priorities of the new Republican majorities in state Senates and Assemblies has been fixing the problem of Democrat voter fraud. The most obvious and easily accomplished remedy to cure this social cancer is a photo identification card for anyone...
  • Los Angeles Signs Labor Deal Covering $1.5B in Port Projects

    07/06/2011 6:53:38 PM PDT · by Eva · 28 replies
    Pacific Maritime Online ^ | June 30, 2011 | editors
    Los Angeles Mayor Antonio Villaraigosa signed a five-year labor agreement on Tuesday that will cover more than $1.5 billion in planned Port of Los Angeles construction projects. Approved by the port governing board in March and the City Council in May, the agreement sets guidelines on the types of workers that must be hired by contractors for all capital projects at the port. The terms cover about 95 percent of the port's projected capital projects outlays for the next five years. "This project labor agreement gives thousands of our local workers in some of the most economically disadvantaged communities the...
  • Iranian shipping line charged for using U.S. banks to support terrorists

    The Islamic Republic of Iran Shipping Lines (IRISL) was charged in the United States on Monday in a 317-count indictment for providing support to terrorists and proliferators of weapons of mass destruction, prosecutors said. IRISL, one of the world`s largest shipping companies, its regional offices, and its agents were indicted for their roles in a conspiracy that illegally used financial institutions in Manhattan and evaded U.S. economic sanctions on foreign countries. "Today our office is shining a spotlight on the fraudulent activities of IRISL, which has been sanctioned by the United States, the European Union, and the United Nations for...
  • Opinion: Rethink the ‘Just-in-Time’ Delivery System

    05/23/2011 3:21:47 PM PDT · by Beaten Valve · 23 replies
    Transport Topics ^ | May 23, 2011 | Julian Keeling
    Fewer than five months into 2011, New Zealand and Japan have been slammed by powerful earthquakes that in Japan’s case also led to a killer tsunami and potentially deadly damage to a nuclear power plant. Turmoil has erupted in the Middle East with seemingly solid regimes falling and civil war breaking out, while the United States and Europe have experienced unusually cold winters. There has been “slow steaming” on the world’s shipping lanes, all-freighter flights have been reduced or eliminated, and the shortage of qualified truck drivers is back, partly in reaction to the Federal Motor Carrier Safety Administration’s new...
  • Al-Qaida Eyed Oil Tankers as Bombing Targets

    05/20/2011 10:26:03 PM PDT · by lbryce · 42 replies · 1+ views
    Yahoo via AP ^ | May 21, 2011 | Staff
    Osama bin Laden's personal files revealed a brazen idea to hijack oil tankers and blow them up at sea last summer, creating explosions he hoped would rattle the world's economy and send oil prices skyrocketing, the U.S. said Friday. The newly disclosed plot showed that while bin Laden was always scheming for the next big strike that would kill thousands of Americans, he also believed a relatively simpler attack on the oil industry could create a worldwide panic that would hurt Westerners every time they gassed up their cars. U.S. officials said the tanker idea, included in documents found in...
  • China's Yangtze river closed to ships by severe drought

    05/15/2011 8:48:58 AM PDT · by TigerLikesRooster · 24 replies
    Telegraph ^ | 05/12/11 | Peter Foster
    China's Yangtze river closed to ships by severe drought The Yangtze river, the longest waterway in Asia and China's most important shipping route, has been closed by the worst drought in 50 years that has left cargo ships stranded and 400,000 people without drinking water. Chinese fishing boats berth on the dried river banks as the annual dry winter season caused the water level along the Yangtze river to be so low By Peter Foster, Beijing 2:26PM BST 12 May 2011 Follow Peter Foster on Twitter Water-levels have sunk as low as 10ft in the main thoroughfare of the 3,900-mile...
  • Judges uphold California's offshore ship emissions rules

    03/29/2011 8:19:46 AM PDT · by SmithL · 23 replies
    Sacramento Bee ^ | 3/29/11 | Denny Walsh
    The merchant shipping industry has failed a second time to short-circuit California's effort to combat the toll on the health of its population from air pollution caused by oceangoing vessels. The industry is contesting California's authority to regulate fuel used by seagoing vessels up to 24 miles off its coast. The Air Resources Board estimates the vessels' emissions of particulate matter cause 300 premature deaths across the state every year. California mandates that ships "use cleaner marine fuels in diesel and diesel-electric engines, main propulsion engines, and auxiliary boilers" while operating far beyond the traditional three-mile jurisdictional limit. The Pacific...
  • Galveston port poised to outsource its operations (Li Ka-shing's first U.S. toehold)

    03/05/2011 2:48:20 AM PST · by Cincinatus' Wife · 26 replies · 1+ views
    Houston Chronicle ^ | March 4, 2011 | Harvey Rice
    GALVESTON — The Port of Galveston is in final negotiations to lease its facilities to a major investment group, which could make it the first U.S. port to turn over its entire operation to the private sector. Several U.S. ports lease terminal operations to private operators, but "in this case it is the entire port structure, which is really a unique opportunity," said economist John Martin, who heads Martin Associates, based in Lancaster, Pa. Martin Associates had done work for every U.S. port and did the economic study for the proposed lease, a 50/50 joint venture of global investment firm...
  • Chinese ship 'arrested' in Portsmouth crane mishap

    02/25/2011 6:53:42 AM PST · by csvset · 8 replies
    The Virginian-Pilot ^ | February 25, 2011 | Robert McCabe
    The U.S. Marshals Service has "arrested" a Chinese ship after a crane aboard the vessel damaged a towering new container crane at APM Terminals in Portsmouth. The arrest came after the Virginia Port Authority and its operating affiliate sued the Chinese company that made and delivered two new cranes. The suit in Norfolk's federal court seeks $14.65 million in damages. The court then issued an arrest warrant for the ship. While still berthed at APM Terminals, it's now in federal custody. "From the time that it's under arrest, it belongs to the United States Marshals Service - until the courts...
  • Law of the Sea Treaty

    02/17/2011 11:04:24 AM PST · by NavVet · 7 replies
    Does anybody know of a list of which Senators support and which Senators oppose the Law of the Sea Treaty.
  • Shipping traffic nearing pre-recession levels (Great Lakes)

    10/26/2010 3:36:20 AM PDT · by prisoner6 · 25 replies
    Shipping traffic nearing pre-recession levels (Great Lakes) 10/26 - Superior, Wis. - A significant increase in demand for raw materials in the Great Lakes so far this year is being hailed as a strong indicator of a recovering economy. Increases in grain shipments combined with more demand for iron ore and coal from last year is nudging Great Lakes shipping closer to levels before the recession began two years ago. St. Lawrence Seaway Development Corporation Administrator Terry Johnson in Washington says overall demand for Great Lakes commodities is up 20 percent from last year. Despite the increase, overall shipping in...
  • Rail Traffic Throttles Back, But Remains Strong

    10/15/2010 4:16:33 AM PDT · by blam · 3 replies
    Seeking Alpha ^ | 10-15-2010 | Cullen Roche
    Rail Traffic Throttles Back, But Remains Strong by: Cullen Roche October 15, 2010 Year over year rail traffic remains strong, but there are signs that the data may have peaked earlier this year. In addition to declining year on year gains we are also seeing a weakening in the breadth of the commodity groups. AAR reports: The Association of American Railroads (AAR) today reported that weekly rail traffic continues to post gains over 2009 levels with U.S. railroads originating 297,029 carloads for the week ending Oct. 9, 2010, up 8.8 percent compared with the same week last year. AAR will...