WEEK 14 MARKET UPDATE
April 6, 2024
INDUSTRIAL JENGA: THE BATTLE TO REOPEN BALTIMORE PORT The port of Baltimore could be up and running at full capacity by the end
INDUSTRIAL JENGA: THE BATTLE TO REOPEN BALTIMORE PORT The port of Baltimore could be up and running at full capacity by the end
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
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
HOUTHIS VOW TO EXTEND ATTACKS DEEPER INTO THE INDIAN OCEAN Another ship has been damaged by the Houthis, who now claim to have hypersonic missiles
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
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.
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
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
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
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,
PORT OF NEW ORLEANS GETS $226M FOR INTERNATIONAL CONTAINER TERMINAL Efforts to build an international container terminal at the Port of New Orleans capable of
CONTAINER SHIPPING RATES SPIKE AS RED SEA CRISIS DRAWS FIRST BLOOD For cargo importers, the outlook is now clear: higher freight costs and longer delays.
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