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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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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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