INDUSTRIAL JENGA: THE BATTLE TO REOPEN BALTIMORE PORT The port of Baltimore could be up and running at full capacity by the end of next month under a tentative timetable released yesterday by the US Army Corps of Engineers (USACE), a plan which also sees another shipping channel open later this month. The …
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CASUALTIES EXPECTED AS SHIP STRIKE BRINGS DOWN BALTIMORE BRIDGE Container ship Dali is stuck under the collapsed bridge structure. Operator Synergy Marine Group has reported no injuries to the crew or the two pilots onboard. The 2015-built ship is 299 meters long with a 9,960 teu capacity and is under charter by Maersk. US agencies …
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IRAN THREATENS TANKERS AS PANAMA DENIES REGISTERING IRANIAN-OWNED VESSELS Iran is renewing its threats against tankers and retaliation for actions by the United States to “interfere” with the transportation of Iranian oil. The latest statements came in response to the U.S.’s move in February to seize another shipment of 500,000 barrels of Iranian fuel oil …
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INDIAN NAVY ASSISTS MSC SHIP WITH FIRE AFTER HOUTHI ATTACK MSC Mediterranean Shipping Company confirmed that its vessel MSC Sky II suffered minor damage including a fire after it was struck by the Houthis. The Indian Navy went to the vessel’s aid after the attack and reported that they also escorted the ship to safe waters. The 30,000-dwt vessel is operating …
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THREAT OF STRIKE LOOMS LARGE OVER EAST, GULF COAST PORTS There’s an increasing abundance of skittishness surrounding the future of East and Gulf Coast ports. The labor contract between the International Longshoremen’s Association and the United States Maritime Alliance (USMX) is set to expire at the end of September. The ILA represents some 70,000 dockworkers, …
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CMA CGM UNVEILS NEW-LOOK BOXSHIP From yards in Asia, new look containerships are emerging from drydocks as the sector ushers in a greener era, spending billions of dollars on a next generation of vessels. An eye-catching new delivery came out of South Korea’s Hyundai Heavy Industries (HHI) this week, the 2,000 teu LNG dual-fuel CMA CGM Mermaid (pictured), the first in a …
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ANGELA CHAO, CEO OF GLOBAL SHIPPING FIRM FOREMOST GROUP, DEAD AT 50 Angela Chao, the CEO of New York-based shipping company Foremost Group, has died in a car accident at the age of 50, according to a news release. The Foremost Group is a global dry bulk shipping company whose clients include Cargill Inc., Louis …
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Houthis Target Two More Merchant Ships with New Attacks The Houthi militants targeted both a British and an American ship overnight as they vowed to continue their attacks. This came just a day after the UK’s Defense Secretary Grant Shapps said the UK believed the militants still had “an appetite” to continue targeting ships despite …
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RED SEA-DRIVEN SURGE IN CONTAINER SHIPPING RATES LOSES MOMENTUM Mass diversions of container ships around Africa’s Cape of Good Hope caused spot rates to surge, but the Red Sea effect has a limit, which may have already been reached. Upward momentum has slackened. Rates in most lanes have leveled off. Several indexes for European lanes …
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