Maritime News Archives - Page 529 of 1000

Container Ships Increase Blank Sailing But Spot Rates Hopeful

18 June 2020

Container shipping has announced marginal capacity reductions in the third quarter on the transpacific and Asia-Europe lanes amid continuing strengthening of spot rates, according to analyst Sea-Intelligence.
Ocean Alliance have so far announced capacity reductions of 1% to 4% on Asia-Europe compared to 20% to 25% for 2M.
THE Alliance, while they have announced 2% to 5% on transpacific compared to 3% to 10% for 2M and 9% to 15% for THE Alliance.

A recently published article in the Seatrade...

https://mfame.guru/container-ships-increase-blank-sailing-but-spot-rates-hopeful/

U.S. Warns of Piracy Risk in Southern Gulf of Mexico

18 June 2020

MEXICO CITY, June 17 (Reuters) – The U.S. government on Wednesday issued a warning about the threat posed by pirates to boats and oil installations in the southern Gulf of Mexico, in the latest sign of concern about ongoing security challenges facing Mexico. “Armed criminal groups have been known...

http://feedproxy.google.com/~r/Gcaptain/~3/YDi-Y5mtqIA/

U.S. Refining Flexibility Behind Narrowing Spread

17 June 2020

Shipowners with scrubber-equipped tonnage are currently bemoaning.
This is due to narrow spreads between HSFO and VLSFO.
The spread was just $49.50/mt at Rotterdam down from $298/mt at the end of 2019.
US refiners have bought large quantities of high-sulfur straight-run fuel oil from Europe.
There was a sharp fall in the trading of fuel oil between Russia and Singapore.
More and more distillate-rich blends showing up in the market.

According to an article published in Ship and Bunker news and...

https://mfame.guru/u-s-refining-flexibility-behind-narrowing-spread/

Union Backs Seafarers’ Right to Stop Work Despite Risk to Global Trade

17 June 2020

The International Transport Workers’ Federation said it will now support ship crews’ rights to stop working, even if that comes at the cost of disrupting global trade. The change in messaging comes after it says governments took insufficient action to facilitate the repatriation of around 200,000...

http://feedproxy.google.com/~r/Gcaptain/~3/HBq0AENFGoc/

Cargo Ship Loaded With Grain Runs Aground

17 June 2020

According to an article published in Maritime Bulletin, a cargo ship loaded with grains ran aground.

What happened?

The general cargo ship GOLDEN ROSE loaded with grain, ran aground at the 155-kilometer mark, Volga-Caspian Sea Canal, at around 0730 Moscow time Jun 16, while en route from Astrakhan Russia to Amirabad Iran.

The grounded ship blocked Canal traffic, at least 28 ships lined up, waiting for fairway opening.

Refloating attempts underway

As of 17:30 Moscow time, the ship was reportedly,...

https://mfame.guru/cargo-ship-loaded-with-grain-runs-aground/

Maersk Reports Better-Than-Expected Second Quarter Results

17 June 2020

COPENHAGEN, June 17 (Reuters) – A.P. Moller-Maersk , the world’s top container shipping firm, said on Wednesday that market demand was developing “more favourable than originally expected” in the second quarter, sending its shares up 7%. The coronavirus crisis hit the container shipping trade as...

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Pope Francis Pays Tribute to Seafarers Stuck at Sea

17 June 2020

By Philip Pullella VATICAN CITY, June 17 (Reuters) – Pope Francis paid tribute on Wednesday to hundreds of thousands of seafarers stuck on ships due to the coronavirus pandemic, a situation the United Nations has said poses a risk to the safe operation of the world’s merchant fleet. In a special...

http://feedproxy.google.com/~r/Gcaptain/~3/VdEhwVRvw5w/

U.S. Federal Maritime Commission Launches Investigation Into Canadian Ballast Water Regulations

17 June 2020

The U.S. Federal Maritime Commission has formally launched its into claims that Canada’s pending ballast water regulations will be unfair and detrimental to U.S.-flagged vessels. The launching of the investigation follows a petition filed in March by the U.S.-based Lake Carriers’ Association to...

http://feedproxy.google.com/~r/Gcaptain/~3/OaeYnSb9tZk/

Capesizes Lead Baltic Dry Index’s Record Daily Surge

17 June 2020

June 17 (Reuters) – The Baltic Exchange’s main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects...

http://feedproxy.google.com/~r/Gcaptain/~3/bw38cl0Fzok/

Boxship Inactivity Leads To Increase in Charter Activity

17 June 2020

Inactive boxship has peaked, and there has been a sudden uptick in chartering activity.
It has decreased by 110,000 teu to 521 ships totalling 2.61m teu.
This downward trend will continue in the foreseeable future.
Carriers progressively resume suspended services and reinstate selected sailings initially planned to be blanked.
Demand for VLCS units of 7,500 teu and over entirely vanished at the peak of the COVID-19 crisis.

According to an article published in Splash 247 and authored by Sam...

https://mfame.guru/boxship-inactivity-leads-to-increase-in-charter-activity/

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