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WEEK 25 MARKET UPDATE

CREWS EVACUATED FROM TWO SHIPS HIT BY THE HOUTHIS   The crews of two vessels struck by the Houthis in recent days were forced to evacuate ship over the weekend with the Yemeni militants showing no let-up in their attacks on merchant shipping. Both ships are reportedly at risk of sinking. The Houthis have displayed greater …

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Ocean freight services

WEEK 24 MARKET UPDATE

Baltimore shipping channel reopens 11 weeks after Key Bridge collapse   The main ship channel to the Port of Baltimore has been fully cleared of debris and was reopened Monday evening, 11 weeks after a cargo ship lost power and struck the Francis Scott Key Bridge. The Fort McHenry Channel had been blocked since March 26, …

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WEEK 23 MARKET UPDATE

AMERICAN PORTS SEEN LAGGING WHEN IT COMES TO PORT EFFICIENCY   The newest global Container Port Performance Index (CPPI) reveals that East and Southeast Asian ports excelled in 2023, accounting for 13 of the top 20 places. Key takeaways from the report include the fact that there are no American ports within the top 50 rankings, …

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Cargos in lane

WEEK 22 MARKET UPDATE

MSC RESUMES FAR EAST – BALTIMORE SERVICE  The containership Dali, which struck the bridge causing its collapse and the death of six workers, was refloated earlier  last week allowing for the main channel to the port to be reopened. Starting from the first voyage provided by YM  Trust, it is scheduled to call Yantian on …

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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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