The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
Seaspan Shipyards has announced the appointment of Amy MacLeod as the organization’s new Vice President, Corporate Affairs & External Communications. Based in Ottawa, MacLeod will be responsible for developing, managing and maintaining strategic public relations and external communications plans and tactics to support Seaspan Shipyards’ business and marketing objectives.
Kent-based Saga sails into its future, as the first of two new boutique cruise ships, Spirit of Discovery, arrived at her home port of Dover for the first time. Sailing past the iconic White Cliffs and into Dover’s recently developed Western Docks, Spirit of Discovery’s British arrival marks the start of a new chapter for cruising in the UK.
The Baltic Exchange's main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 13 points, or 2.8%, to 453.The capesize index decreased 31 points to a negative 133, a fresh all-time low.
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up
The Baltic Exchange's main sea freight index fell for the 12th straight session on Monday, weighed down by falling demand across segments amid muted vessel activity in China due to the coronavirus outbreak.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 21 points, or 4.3%, to 466.
The Baltic Exchange's main sea freight index fell on Friday, with rates for the capesize segment slipping into the negative for the first time ever on lower demand and as the coronavirus outbreak muted activity.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 11 points, or 2.2%, to 487 — its lowest level since April 2016.
The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 69 points, or 7%, to 907 points, its lowest level since end-April 2019.
The Baltic Exchange's main sea freight index fell for a ninth-straight session on Monday, as the capesize index hit its lowest level in nearly six months.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 40 points, or 3%, to 1,315, its lowest since Nov. 22.* The capesize index slid 121 points, or 4.
The Baltic Exchange's main sea freight index fell on Friday weighed by weaker capesize demand, but the index ended the week up 2% on higher rates across the panamax and supramax segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped by 17 points, or 1.1%, to 1,558 points, its lowest since Nov. 29.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Friday and recorded its steepest percentage fall in two months, as Chinese steel mill restrictions continued to drag down capesize rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, declined 106 points, or 5.4%, to 1,857 points.
Californian Port of Oakland supports 84,144 jobs in the Bay Area and 20 percent of those jobs are Oakland-based, according to an economic impact study.The study by Martin Associates shows that the Port’s overall economic value—from business revenue, consumer spending, and total value of goods and services—tops $130 billion.