The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply.The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped to $90,000 to $95,000 a day this week from $75,000 a day at the end of August, brokers and traders said.
When Trygve Westergard bought the 98- by 28-foot Judi B in the spring of 2016 he was entering a new chapter in a varied marine career. Growing up on a remote island off Ketchikan, Alaska as the third generation of Norwegian-Danish family, he had fishing in his blood and his environment.
A generally sound assumption to make is that many recreational boaters operating power boats and sailing vessels are not very familiar with the maritime Rules of the Road that their professional mariner counterparts understand and adhere to. The unfortunate consequence is a wide array of marine casualties and incidents from collisions, allisions, capsizings, groundings, wake damage
MARAD Administrator RADM Buzby: “[American] mariners are a de facto layer of our national security.” The House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation held a hearing Wednesday on “The State of the U.S. Flag Maritime Industry” during which congressional and maritime leaders stressed the importance of the Jones Act.
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 73 points, or 5.6 percent, to 1,231 points, its lowest since June 4.
Swire Group’s shipping arm China Navigation Company establishes presence in Shanghai where it was founded 147 years ago!The China Navigation Company (CNCo) opened its China headquarters officially in Shanghai on 05 November 2018, marking a significant return to its birthplace 147 years ago, and a significant milestone in its history, said a press release from the company.
Innovative waterway concept vessel could deliver transportation savings for shippers on the Mississippi River. Plans to transport freight via innovative waterway vessels that backers say will revolutionize the inland waterway system and provide significant transportation cost savings for shippers, especially those accessing the Midwest by utilizing the Mississippi River and its tributaries
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, surged about 7 percent on Wednesday to register its biggest one-day percentage gain since November 2016, boosted by improving capesize activity. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 72 points, or 6.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, registered its first gain in 10 sessions on Friday, buoyed by higher rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 5 points, or 0.45 percent, to 1,122 points but was down 1.8 percent for the week.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday, snapping five consecutive days of gains, as rates for capesize vessels slipped to their lowest in a month. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, slipped 21 points, or 1.73 percent, to 1,191 points.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday as capesize vessel rates gained for the eighth straight session.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 15 points, or about one percent, at 1,570 points.
Weeks Marine, Inc. visited Northshore Technical Community College (NTCC) in Lacombe, La. on July 18 to announce major contributions, totaling $500,000, to support the college’s maritime training program and scholarship fund.Richard “Dick” Weeks, Chairman of Weeks Marine, travelled from the company’s headquarters in Cranford, N.J.