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WEEK 21 MARKET UPDATE

Ship that caused Baltimore bridge collapse moved back to port.  Almost two months after colliding with Baltimore’s Francis Scott Key Bridge, the MV Dali cargo ship was hauled away from the site and taken to shore Monday. The Unified Command, a group of local and federal agencies managing the operation, said the Dali was floated …

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containers at port_RTW

WEEK 20 MARKET UPDATE

PRELIMINARY REPORT INTO BALTIMORE BRIDGE DISASTER PINPOINTS POWER OUTAGES ON THE DALI  CONTAINERSHIP   The National Transportation Safety Board (NTSB) in the US released a preliminary report yesterday into the Dali  containership’s fatal allision with Baltimore’s largest bridge. The first power outage occurred after a crewmember mistakenly closed an exhaust damper while conducting maintenance, causing one …

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containers at port_RTW

WEEK 18 MARKET UPDATE

DALI BOXSHIP TO BE REMOVED BY MAY 10   Officials expect to have removed the Dali containership from its lodged position in Baltimore port by May 10. The 9,962 teus ship took out the Francis Scott Key Bridge on March 26 and has been wedged onto the bed of the Patapsco River ever since. So far, 3,300 tons of debris …

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Logistics _ OceanFreight

WEEK 17 MARKET UPDATE

SHIPPING HITS OUT AT SCANT COVERAGE OF HIJACKED CREWS   The world’s leading shipping associations have highlighted the inequality seafarers face as hostages. “The world would be outraged if four airliners were seized and held hostage with innocent souls onboard. Regrettably, there does not seem to be the same response or concern for the four commercial …

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Logistics port

WEEK 15 MARKET UPDATE

PANAMA CANAL AUTHORITY WARNS RESTRICTIONS WILL REMAIN IN PLACE THROUGHOUT 2024  The Panama Canal Authority (ACP) has claimed that the tide has turned in its ongoing battle to get back to normal operations, following a debilitating year of drought-induced cuts to drafts and transits. “Current forecasts indicate that steady rainfall will arrive in late April …

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WORLDWIDE SERVICES

WEEK 14 MARKET UPDATE

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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