Container rate rise momentum easing

LONDON –– Container freight rates on the westbound Asia-Europe corridor increased 19 percent last week, but pricing on the eastbound transpacific trade was unaffected by moves by carriers to impose general rate increases (GRI), according to Drewry. The global maritime consultants cited Thursday’s Shanghai-Rotterdam container freight rate assessment by the World Container Index (WCI), a […]

Posted by: on May 08, 2012 read more

BW Rhine released from pirate control

After a four days under the control of west African pirates, BW Shipping reports that the product tanker, BW Rhine, has been released off Nigeria by its captors.   All 24 crew members are safe. “We are all very relieved and our immediate priority is to ensure the wellbeing of our employees,” says BW Maritime CEO […]

Posted by: on May 04, 2012 read more

UFS Rotterdam at 15

Friends of UFS-Rotterdam has celebrated its 15th  anniversary foundation last Saturday, April 14 at the Chinese Restaurant Ocean Paradise in one of the world’s biggest ports, Rotterdam. For the past one and a half decade Filipino seafarers have always had someone to assist them through FUFS-Rotterdam, which would provide a helping hand whenever needed. FUFS-Rotterdam […]

Posted by: on Apr 22, 2012 read more

Concordia: U.S. firm wins bid to remove capsized cruise ship

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Salvage work to remove the capsized Costa Concordia cruise ship from its rocky perch off Tuscany, where 32 people died, will begin early next month and is expected to take a year, the Italian owner announced Saturday. The U.S.-owned company Titan Salvage won the bid to remove the ship, which struck a reef off the […]

Posted by: on Apr 22, 2012 read more

Desperate hunt for asylum seekers

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INDONESIA scoured its waters yesterday for a drifting boat carrying dozens of Afghan asylum seekers. The action came as an Australian refugee advocate said the people on board were still alive after fears the vessel had sunk. The boat has been missing since it called for help near Sumbawa island in eastern Indonesia at 0650 […]

Posted by: on Apr 14, 2012 read more