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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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WEEK 13 MARKET UPDATE

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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Ports_RTWLogistics

WEEK 12 MARKET UPDATE

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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WORLDWIDE SERVICES

WEEK 11 MARKET UPDATE

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 in their armoury and will  expand their target zone deeper into the Indian Ocean to try and prevent enemy vessels from passing via the Cape of  Good Hope. To date, …

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WEEK 10 MARKET UPDATE

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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