Oil Falls After Tariffs Pause
Oil prices retreated on Tuesday after U.S. President Donald Trump agreed to hold off imposing steep tariffs on Mexico and Canada, the two biggest foreign oil suppliers to the United States, for a month.Brent futures LCOc1 fell 41 cents, or 0.5%, to $75.55 a barrel at 0149 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 declined 75 cents, or 1%, to trade at $72.41.Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to…
Cyclones Delay Rio Tinto Exports from Australia
Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure damaged by a previous cyclone last month."Safety is our priority. As is procedure, we began sending ships from Cape Lambert Port at the weekend and Dampier Port last night, out to sea, to avoid high sea swells and wave conditions created by Tropical Cyclone Taliah and Tropical Cyclone Vince…
NTSB Studies Flight Data from Washington Plane Crash
The NTSB, in coordination with the U.S. Navy Supervisor of Salvage, has recovered the aft fuselage, right engine and right pylon of the Bombardier CRJ700 after its midair collision with a Sikorsky UH-60 Black Hawk helicopter near Ronald Reagan Washington National Airport.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas, to Reagan Washington National Airport, and the US Army helicopter collided at 8:47 p.m. ET on January 29, 2025, killing 67 people.The salvage of both aircraft is expected to take several days.
Sanmar Secures Landmark Tug Contract with New Bulgarian Client
SANMAR signed a contract with PORT FLOT – BURGAS, one of Bulgaria’s leading towage companies, to build a multi-purpose tug to join its fleet, providing services in the Bay of Burgas.The new tugboat will be one of the Turkish tug-builder and operator’s Boğaçay Series and to be known as BOĞAÇAY LXXXI while under construction. It will be based on the exclusive-to-SANMAR RAmparts 2400SX-MKII design from Canadian naval architect Robert Allan Ltd.PORT FLOT - BURGAS has more than 35 years of tradition in the maritime business at Burgas Port…
Owner Sentenced to Prison After Vessel Capsize
The owner of the vessel Stimulus Money, Richard Cruz, was sentenced to 18 months in prison on Thursday after pleading guilty for his role in the July 2022 capsizing of the vessel while underway on the Hudson River that resulted in the death of two passengers, a seven-year-old boy and 48-year-old woman.Cruz was arrested in March 2024 along with the operator of the vessel, Jaime Pinilla Gomez, and charged with one count of misconduct and neglect of a ship officer resulting in death…
Rubio Pressures Panama over Chinese Businesses Near Canal
U.S. Secretary of State Marco Rubio on Sunday warned Panama's President Jose Raul Mulino that Washington will "take measures necessary" if Panama does not immediately take steps to end what President Donald Trump sees as China's influence and control over the Panama Canal.Mulino, after the talks with the top U.S. diplomat in Panama City, signaled he would review agreements involving China and Chinese businesses, and announced further cooperation with the U.S. on migration, but…
U.S. Shipping Invests $150 Million in Great Lakes Region
With winter in full swing, the U.S.-flagged fleet of Lakers have tied up in ports across the Great Lakes region to perform critical maintenance before the navigational locks in Sault Ste Marie, Michigan reopen on March 25th.Hundreds of skilled shipyard workers will flock to the area to support the nearly $150 million maintenance investment being made on these massive ships. The state receiving the largest amount of work is Ohio with $51.5 million, followed closely by Wisconsin at $51 million…
US: China's Panama Canal presence "a security concern"
China's presence around the Panama Canal is a national security concern that Panama's government has to deal with, Mauricio Claver-Carone, the U.S. special envoy for Latin America, said on Friday, ahead of U.S. top diplomat Marco Rubio's visit to the country.Rubio will depart on Saturday on his first foreign trip, with a scheduled visit to the canal and a meeting with Panamanian President Jose Raul Mulino, the first talks between the countries since President Donald Trump's threat to take control of the U.S.-built canal.Rubio will also visit El Salvador…
Maersk to launch its new ocean network
On February 1, Maersk A/S (Maersk), an entity under A.P. Moller - Maersk, and Hapag-Lloyd AG (Hapag-Lloyd) launch their operational collaboration Gemini Cooperation. The ambition is to deliver a flexible and interconnected ocean network with industry-leading schedule reliability above 90 percent once fully phased in.Around 340 vessels will be phased in and be a part of Maersk and Hapag-Lloyd’s shared ocean network with the first sailings taking place on February 1, and more vessels will gradually sail on the new schedules.“We are now ready to commence the phase-in of the new network.
Lake Victoria's First Ro/Ro Vessel Sets Sail
East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of M.V. MPUNGU, the lake’s first scheduled roll-on / roll-off freight vessel.Offering faster and safer crossings and reduced carbon emissions, the fuel-efficient vessel is set to transform regional trade by cutting journey times from days to hours and supporting the decarbonisation of the region’s transport sector.Owned by East Africa Marine Transport (EAMT) and operated by Grindrod Logistics Africa - Uganda (GLAU)…
McQuilling Weighs in on 2025-2029 Tanker Outlook
McQuilling Services announced the release of its 28th anniversary edition, 2025-2029 Tanker Market Outlook.This 183-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel classes. The interaction of tanker demand and vessel supply variables is processed using advanced quantitative modeling to produce a five-year spot and time charter equivalent (TCE) forecast for eight vessel classes across 27 benchmark tanker trades, plus five triangulated trades.
Baltic Index snaps 13-day losing streak
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a thirteen-day losing streak on Friday, supported by strong rates across the capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 20 points to 735 points, recording gains for the first time since Jan. 13. The contract was down 8.1% this week.The capesize index gained 33 points to 874 points.
Xeneta: Ocean Box Rates to Fall Again in February
Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February - with carriers now taking action to slow the market decline.Latest data from Xeneta – an ocean and air freight intelligence platform – shows average spot rates from the Far East stand at USD 3 795 per FEU (40ft container) into North Europe and USD 5 085 per FEU into the Mediterranean – down 22% and 13% respectively since 1 January.Early data suggests spot rates will fall further on 1 February…
Port of Oakland records 2.26 million TEUs in 2024
The Port of Oakland experienced a solid 2024, processing 2.26 million TEUs (twenty-foot containers), representing a 9.5% increase over 2023.The 2024 cargo data reflects a long-term growth trend in consumer spending in the San Francisco Bay Area and in the rest of the country.“Consumer demand has remained resilient, driving higher import volumes through the Port,” said Port of Oakland Maritime Director Bryan Brandes. “This performance underscores the port’s strong foundation for continued growth and its critical role in global trade.”On the full container side…
Germany: Heinrich Rönner and Lürssen Place Their Bids for FSG and Nobiskrug Shipyards
The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER, said they would accept the offers in the week following the official opening of insolvency proceedings.Lürssen…
Germany's Mosel River set to reopen after lock repairs
The Mosel river in western Germany could reopen to cargo shipping later this week as repairs to a damaged lock are making fast progress, navigation authorities said on Monday.The river, an important transit route for grains and rapeseed between Germany and France, was closed to inland waterways shipping in December after an accident which damaged a lock at Mueden south of Koblenz.New lock gates have now been installed and are being prepared for the first test vessel transits expected on Thursday to Friday…
Germany builds up LNG import terminals
Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension of Russian flows via Ukraine and U.S. President Donald Trump targeting Europe with liquefied natural gas exports.Plans also include shore-based regasification terminals and facilities to import and produce ammonia and green hydrogen under decarbonization strategies. A synopsis of changes and additions to Germany's energy plans and infrastructure is listed below:MUKRANMukran…
Rubio's LatAm, Panama Trip to Prioritize 'America First'
When Marco Rubio arrives in Latin America this weekend on his first foreign trip as Donald Trump's secretary of state, he'll find a region reeling from the new administration's shock-and-awe approach to diplomacy.In the first days of Trump's second term, the new president has doubled down on his intention to reclaim the Panama Canal, angered Brazilians by returning migrants in shackles and briefly imposed crushing sanctions and tariffs on Colombia in a tussle over deportee flights.Rubio's…
Baltic Index Falls Again as Capesize, Supramax disappoint
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses for the thirteenth straight session on Thursday, pressured by a dip in rates across capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 715 points, hitting its lowest in 23 months.The capesize index slipped 35 points to 841 points, dropping to its lowest level since February 2023.
Efen, Wilson Sons, Port of Açu partner on HVO testing in Brazil
This month, Wilson Sons received approval from ANP to conduct the first tests on using HVO (Hydrotreated Vegetable Oil) in the Brazilian maritime sector, with efen and Port of Açu as partners.To replace marine diesel oil, efen will import HVO, also known as renewable diesel or green diesel, to be tested on Wilson Sons' tugs in the Port of Açu, in São João da Barra (Rio de Janeiro). The liquid handling operation will be conducted at the Açu Liquid Bulk Terminal (TLA), owned by Vast Infraestrutura.“After the testing period, we expect to expand the distribution of HVO to Platform Supply Vessels (PSVs) and other offshore support vessels in the Port of Açu…
First Coastal Virginia Offshore Wind Substation Checks In at US Port
Port of Virginia’s Portsmouth Marine Terminal has welcomed the arrival of the first substation to be installed at the Coastal Virginia Offshore Wind (CVOW) project.The CS Wind Offshore and Semco Maritime consortium was selected by Dominion Energy in 2021 to deliver three 880 MW offshore substations for the project, under development by Dominion Energy.CVOW farm is located approximately 40 kilometers off the coast of Virginia Beach, and, once fully operational within the coming years…
Action Taken on Risks After Container Ship Breakaways
Two separate breakaways of container ships berthed at the Port of Brisbane, Australia, after heavy rains highlight the importance of robust emergency and risk management arrangements, according to an Australian Transport Safety Bureau investigation.The May 2022 incidents occurred after an unprecedented stretch of rainfall resulted in significant freshwater inflows into the Brisbane River following several controlled water releases from dams located upriver.This resulted in strong currents through the Port of Brisbane…
Glosten Designing Floating Nuclear Power Plant for US Ports Barge-Based Infrastructure
CORE POWER (US) Inc. has engaged with Glosten to help its team design a floating nuclear power plant (FNPP) to power U.S. ports. Created by CORE POWER, the FNPP concept is a nearshore infrastructure system that includes a barge-based nuclear power plant, barge support services, electrical grid integration, and operational teams. Easy to transport and rapidly deploy, the FNPP will provide an estimated 175GWh of clean electricity per year. The FNPP connection will allow ports to achieve zero-emissions electrical generation for visiting ships…
Port Protests Do Not Stall Oil Loadings in Libya
Libya's National Oil Corporation (NOC) said oil exports were continuing without disruption following talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday."Operations are proceeding smoothly across all fields and ports after discussions with protesters who held demonstrations this morning at the Es Sider and Ras Lanuf ports," the NOC said in a statement on its Facebook page.According to five engineers and a shipping source, protesters had temporarily blocked oil loadings at the ports.
Ferry Propulsion & The Total Package ... Sustainability, Safety & Siemens Energy
The ocean sector finds itself in a critical moment, especially as the demand to decarbonize grows. Though long-haul is still the biggest emitter in the maritime industry, the need to decarbonize smaller commercial and coastal vessels, including cruise ships, passenger ferries, platform supply vessels (PSVs), offshore service vessels (OSVs), and research ships, is on the rise. Particularly, passenger ferries are pushing into uncharted waters, increasingly being scrutinized by municipal, state, and federal regulators for their environmental impact.
Damen Hands Over Germany’s First All-Electric Ferry
Damen Shipyards has delivered Germany’s first, all-electric catamaran (E-Kat) ferry to its operator AG Reederei Norden-Frisia.Capable of taking up to 150 passengers, the vessel will operate between Norddeich and Norderney on the East Frisian Wadden Sea.The 32-metre E-Kat has been designed to operate on a 30-minute route with 28 minutes allowed at each end to disembark and embark passengers.Built at Damen shipyards in Poland and the Netherlands, the vessel is driven by two propellers…
China Grain Imports Plummet 51%
“In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused by low crusher margins. Although Chinese soya bean production decreased 1% y/y in 2024, inventories are high after a surge in imports in the first half of the year. Import demand for maize and wheat has also declined due to record high harvests in China in 2024,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.As the world’s largest grain importer, China has for a long time strived to reduce its import dependence.
Lithuanian Port Building Fuel Cell Powered Tanker
The hull of Lithuania’s first green hydrogen and electricity-powered ship has been launched by the Klaipėda State Seaport Authority.The tanker will accept waste from vessels entering the port when it enters operation later this year.The tanker’s main function is to collect storm water, sewage, sludge and garbage, and it will be equipped with special tanks and a modern rainwater treatment plant that will allow the treated water to be transferred to the city’s sewage treatment plants.
Van Oord Tests Electric Crane Vessel
Van Oord, in cooperation with ZEDHub, Smart Delta Drechtsteden, the Municipality of Dordrecht and Port of Rotterdam, has demonstrated the operation of the fully electric crane vessel Christiaan P, a first for the dredging industry.Christiaan P. is a crane vessel owned by Paans Van Oord which was retrofitted to remove its engines and replace them with electric motors. The crane was also replaced by an electric one. The vessel is used for various kinds of marine engineering work…
Passenger Vessel Designed with Parallel Hybrid System
All American Marine (AAM) has been contracted to design and build a 108’ x 32.5’ hybrid passenger vessel for Harbor Breeze Cruises that will operate in and around the Los Angeles/Long Beach port complex.The vessel will be designed with twin MAN D2862 EPA Tier 4 engines, supplied by Northern Lights, and including an SCR system and a diesel particulate filter. The engines will drive fixed-pitch propellers via a remote-mounted Reinjtes gearbox provided by Karl Senner Inc.This system will also be fitted with a parallel hybrid battery propulsion system supplied by ABB.
California Revisits At Berth Regulation Calculations
The California Air Resources Board (CARB) has provided new information about the Vessel Incident Event (VIE) and Terminal Incident Event (TIE) compliance option under its 2020 At Berth Regulation.Emission reduction requirements began on January 1, 2025, for tanker vessel visits to Los Angeles and Long Beach and for roll-on/roll-off (ro-ro) vessel visits statewide. To ensure these fleets and terminal operators were ready for the regulations, CARB issued VIEs and TIEs via email prior to December 31…
Live! ... from the PVA Maritrends 2025 Convention
The Passenger Vessel Association's annual Maritrends Convention is underway in Savannah, GA against a backdrop of melting snow (really!) and an impressive gathering of industry elite. The event never disappoints, and this year's version has something for everyone. It has been five years since I was fortunate enough to attend the Passenger Vessel Association's annual signature event known as Maritrends. That's five years too long. Always well attended, and a virtual "who's who" of the workboat OEM and services sector…
Port Houston Breaks Volume Record in 2024
Port Houston achieved a historic milestone in 2024, handling a record-breaking 53.07 million tons of cargo, a 6% increase over 2023 at its public terminals. Container volume also surged by 8%, reinforcing the port's critical role in facilitating trade and driving economic growth for Houston, the surrounding region, and the nation."Houston is at the heart of our nation’s trade, connecting our region to global markets," said Charlie Jenkins, CEO of Port Houston. "This record tonnage achievement reflects the dedication of our team and our strong partnerships with labor and key stakeholders.
Port of Savannah Receives Four New Ship-to-Shore Cranes
Port of Savannah received four new electric ship-to-shore cranes on January 25, 2025, bringing Ocean Terminal’s fleet to eight Super Post Panamax cranes, all designed by Finland-based Konecranes.Once all cranes are commissioned and berth construction is completed, the eight ship-to-shore cranes at Ocean Terminal will have the capability to service two vessels simultaneously. "The completion of this project in 2028 will enable Ocean Terminal to accommodate the largest vessels serving the U.S. East Coast," said Ed McCarthy, Chief Operating Officer of Georgia Ports.
INTERVIEW: Patrick Murphy, PVA President and President, Blue & Gold Fleet, LP
Patrick Murphy has been President of Blue & Gold Fleet, L.P., the San Francisco Bay Area’s largest and premier provider of Bay Cruises and ferry service, since 2016. Murphy grew up in the Maritime business. His father, Roger Murphy, founded Blue & Gold Fleet in 1979. Patrick Murphy began his career in 1982, working part-time in the Box Office and as a Deckhand before receiving his United States Coast Guard’s license in 1995 and was promoted to Captain in 1996. In 2005, Murphy advanced to Blue & Gold Fleet Operations Manager, and then to Director of Operations in 2009.
FERRY VESSELS: Facing up to a World of Challenges
CEO Mike Corrigan outlines Interferry’s mountain of objectives – including a game-changing campaign to keep ferries front and center in reducing GHG emissions.Interferry’s origins stem from the launch of a knowledge-sharing US networking initiative in 1976. Those relatively modest roots have grown beyond recognition into a highly respected global trade association with membership exceeding 270 companies – operators and suppliers – in more than 40 countries. We have consultative…
Accurate Data for Ship Logs, Voyage Optimization
SailTimer is using innovative technology to crowdsource weather data for ships. This type of data has never existed before, allowing ships to reduce fuel costs and greenhouse gas emissions.GRIB Weather Forecasts are Inaccurate: Let’s Stop Navigating With GRIBThe marine weather forecast visible in all major weather services comes from satellite imaging. It is only a prediction, and is only updated every 6 hours. For wind direction it has an average error of +/- 35 degrees offshore, and even worse for future predictions and in coastal areas where the wind flows around landforms.
USCG rescues 4 after collision south of Block Island
The Coast Guard rescued four people Thursday night from a fishing boat after a collision between two fishing boats occurred approximately 10 miles south of Block Island, Rhode Island. At approximately 8:30 p.m. Thursday, Coast Guard Sector Long Island Sound received a distress call via VHF-FM channel 16 of two fishing boats colliding.Coast Guard Sector Long Island Sound watchstanders issued an urgent marine information broadcast and dispatched crews aboard a Coast Guard Station…
Maersk rules out early return to Gulf of Aden
Maersk will continue to divert vessels away from the Gulf of Aden and Red Sea and toward the southern tip of Africa despite Yemen's Houthis announcing they will curb their attacks on ships, the container shipping giant said on Friday.The Danish shipping company said the announcement by the Iran-backed militant group was "a very welcome step in the right direction towards stability and eventual normality for the global shipping industry".However, it said the security risk for commercial…
Third Straight Weekly Loss for Baltic Index
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 46 points to 778 points, its lowest level since February 2023. The index was down over 21% for the week.The capesize index slipped 98 points to 983 points, dropping to its lowest level since March 2023.
Baltic index extends fall to 23-month low
The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on Thursday, dragged by weaker rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 69 points to 824 points, hitting its lowest since February 2023.The capesize index slipped 155 points to 1,081 points, dropping to over five-week low. Average daily earnings for capesize vessels…
Rubio to visit Panama, source says
U.S. Secretary of State Marco Rubio will visit Panama during his first overseas trip in the post, a source told Reuters on Thursday, as President Donald Trump makes a push for the United States to take back the Panama Canal that has angered the Central American country.Rubio is expected to depart on Jan. 31 and travel during the first week of February, making additional stops in Guatemala, Dominican Republic, Costa Rica and El Salvador, according to the source who was familiar with the plans.Planning for the trip is still ongoing and the itinerary is subject to change…
Texas ports begin resuming operations after winter storm
Several Texas ports began to resume operations on Wednesday, after winter storm Enzo moved out of the state, according to ports and a shipping notice seen by Reuters.The port of Freeport had resumed vessel operations on Wednesday morning, while the ports of Houston and Galveston were planning to reopen to vessel traffic later in the day.The storm brought several inches of snow to Texas, Louisiana and Florida, where extreme winter conditions are rare. It forced the shutdown of school districts…
Lyondell to begin closure of Houston Refinery this weekend
LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins, the sources said.A Lyondell spokesperson did not immediately reply to a request for comment.Lyondell plans to convert existing hydrotreaters at the refinery site along the Houston Ship Channel for use with…
John Deere unveils New Engines, Expanded HP for Workboats
Deere & Company announced the unveiling of new engines — the JD14 and JD18 marine engines.With the addition of these engines, John Deere will be able to offer marine customers heavier duty cycles* and a more comprehensive power range, from 298 up to 599 kW (400 up to 803 hp). Production is anticipated to begin in 2026.“The vessels powered by our marine engines are part of hardworking, relentless commercial operations that need uncompromising power and reliability,” said Pierre Guyot, senior vice president of John Deere Power Systems.
Schottel's SRP-D Efficiency Confirmed
The increased performance of the SCHOTTEL RudderPropeller Dynamic SRP-D has once again been confirmed by external sources. At the request of the Dutch Damen Group, the Maritime Research Institute Netherlands (MARIN) carried out extensive research to demonstrate the added value of the SRP-D for Commissioning Service Operation Vessels (CSOV).While an earlier study had already demonstrated a reduced DP footprint and fuel savings, Damen’s latest research focused particularly on propulsion efficiency during thruster interactions.
Wallenius Wilhelmsen Opens its Brunswick Terminal
Wallenius Wilhelmsen has marked the official opening of its South Atlantic hub - the Brunswick terminal, Equipment Processing Center (EPC) and Vehicle Processing Center (VPC). The grand opening marks another strategic investment for the Wallenius Wilhelmsen group with the signing of a 20-year lease with the Georgia Ports Authority (GPA), with options of up to 30 years. With this investment, Wallenius Wilhelmsen has enhanced its position to serve the American market and expanded the scope of our South Atlantic operations.“Brunswick…
Vantage Automation v7.2: Next-Level Control for Superior's Cones
Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and handling systems, announces the release of Vantage Automation version 7.2, the latest evolution of its cone crusher control platform.Designed to improve the user experience and enhance data gathering for diagnostics, v7.2 delivers a significant upgrade for both Patriot Cone and Dakota Cone Crushers. Improvements include:Enhanced User Interface: Redesigned screens provide clear…
New GAO Report addresses Maritime Cargo Security
GAO-25-106953, published today, says, "Additional Efforts Needed to Assess the Effectiveness of DHS's Approach."Fast FactsThe U.S. economy depends on the efficient flow of millions of tons of cargo each day throughout the global supply chain, most arriving by ship. The Coast Guard and U.S. Customs and Border Protection monitor these vessels for potential national security risks, like smuggling.At the 8 ports we reviewed, the agencies generally followed selected leading collaboration…
U.S.-Flag 2024 Cargo on Lakes Down 6.3 PCT
U.S.-flag Great Lakes freighters (lakers) moved 76.3 million tons of cargo in 2024, a decrease of 6.3 percent compared to 2023. The 2024 float was 4.6 percent below the fleet’s 5-year average.Compared to 2023, salt shipments increased by 5.8 percent while sand shipments increased by 15.2 percent. However, shipments of all other commodities decreased in 2024. Both iron ore and grain cargos decreased by less than one percent to 42 million tons and 312,345 tons, respectively. Coal cargos were down 12.7 percent to 7.3 million tons.
Suez Chair: Canal Expansion to be operational Q1 2025
The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.In a statement, Rabie said the navy would reissue navigational maps after adding the 10-km (6.2 mile) extension to the canal.Egypt said on Saturday it had successfully tested the new 10-km stretch near the canal's southern end, developed despite a drop in revenue due to Houthi attacks on vessels…
Baltic Index Declines to 1-year Low
The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, or 3.03%, to 928 points - its lowest since June 2023.The Baltic index is expected to decrease in the lead up to the Chinese new year, as this is typically a period of weaker demand for the sector…
OMSA's Aaron Smith Reflects on Offshore Wind Development Pause
The Offshore Marine Service Association (OMSA) views President Trump’s Presidential Memorandum to pause offshore wind development projects as a critical opportunity to reassess the industry’s direction.While offshore wind offers tremendous potential for economic growth and job creation in the U.S., OMSA agrees that over-reliance on foreign renewable energy companies, foreign vessels, and foreign mariners to build American offshore wind farms undermines these benefits and is deeply problematic.“The offshore oil industry was born in South Louisiana…
Hornblower Appoints Wolin as President of City Experiences
Hornblower Group is excited to announce the appointment of Len Wolin as President of City Experiences, effective January 20. In his new role, Wolin will lead the strategic direction of City Experiences, which encompasses Hornblower Group’s diverse portfolio of water- and land-based experience companies. Wolin will be responsible for driving the unified strategy across the City Cruises, Walks, and Devour Tours brands, with a sharp focus on optimizing operations, enhancing financial performance…
NOIA Ready to Drive Offshore Energy with Trump Administration
National Ocean Industries Association President Erik Milito issued the following statement regarding the inauguration of President Donald Trump:"American offshore energy stands as a cornerstone of our nation's greatness. We are committed to working alongside the new administration and Congress to advance all facets of American offshore energy. Our focus is clear: achieving American energy dominance, driving innovation, ensuring market stability, lowering energy costs for future generations…
SLSMC announces 2025 Increase of Seaway Tariffs
The St. Lawrence Seaway Management Corporation (SLSMC) announces a 3.5% increase of Tolls and Wharfage & Storage Charges for the upcoming navigation season.The Schedules of Tolls and Wharfage & Storage Charges are available on our web site: Seaway Handbook – Great Lakes St. Lawrence Seaway System (greatlakes-seaway.com)
Slow Speed Zone Established in Miami After Accidents
The Captain of the Port for Coast Guard Sector Miami has announced the establishment of a new regulated navigation area for certain waters surrounding Port Miami.The new rule establishes a slow speed zone for vessels less than 50 meters (164 feet) in length transiting throughout Fisherman’s Channel and the Main Ship Channel. Slow speed means the speed at which a vessel proceeds when it is fully off plane, completely settled in the water and not creating excessive wake.The new rule enters into effect January 29…
APA Applauds Withdrawal of NARW Speed Restriction Regulations
On January 16, 2025, the National Marine Fisheries Service (NMFS) formally withdrew its August 1, 2022, Notice of Proposed Rulemaking (NPRM) that sought amendments to the North Atlantic Right Whale Vessel Strike Reduction Rule that would have had the unintended consequences of endangering pilots, weakening navigation safety, and damaging the maritime supply chain on the East Coast. While the American Pilots’ Association (APA) announced that it welcomes the proposal’s withdrawal…
SouthCoast Wind gets final BOEM nod
The Bureau of Ocean Energy Management (BOEM) today announced its approval of the Construction and Operations Plan for the SouthCoast Wind Project. This is the final approval needed for the project from BOEM following the Department of the Interior’s December 2024 Record of Decision. “We are proud to announce BOEM’s final approval of the SouthCoast Wind project, the nation’s eleventh commercial-scale offshore wind energy project, which will power more than 840,000 homes,” said BOEM Director Elizabeth Klein. "...
Port of Long Beach Marks 20 Years of Leading Green
The Port of Long Beach is accomplishing its environmental, operational and commercial goals and is setting its sights on even greater achievements in the years ahead, CEO Mario Cordero said Thursday during his eighth annual State of the Port address.While reflecting on the Port’s record-setting 2024, with 9.6 million cargo containers moved with zero disruptions or backlogs, Cordero said Long Beach is making progress in transitioning operations to zero emissions, while marking…
Baltic Index logs second straight weekly drop
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week.
Sanmar to Build Fully Electric Tug
Sanmar has signed a contract with major towage and marine services provider Svitzer to build a fully electric tug to be deployed in Scandinavia to provide services between Denmark and Sweden.The Denmark-headquartered global operator has ordered a new ASD, 1,818 kWh, 70-ton bollard pull, tugboat based on the exclusive-to-Sanmar ElectRA 2500-SX design from Canadian naval architects Robert Allan Ltd.Measuring 25.4m LOA, with a 5.6m draft and 12.86m beam, the tug will be able to operate safely and efficiently on electrical power only.
Industry Executives: Red Sea too risky even after Gaza ceasefire
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the war in Gaza and continue its attacks on vessels or Israel…
Renewable Diesel Project for Passenger Ferry Underway in California
In partnership with Catalina Express and Harbor Breeze Cruises, the Port of Los Angeles will soon begin emission-reduction technology demonstration projects for specialized harbor craft, thanks to a $31 million grant awarded by the California Air Resources Board (CARB).The Los Angeles Marine Emission Reduction (LA MER) project will involve the design, construction and launch of a passenger ferry with Tier 4 engines and potentially a CARB-verified, U.S. Coast Guard-approved diesel particulate filter.Operated by Catalina Express…
AWS Foundation Accepting Applications for 2025 Welding Scholarships
The American Welding Society (AWS) Foundation is pleased to announce that it is currently accepting scholarship applications for 2025 from welding students across North America.The deadline to apply for AWS National, District, and Section Scholarships is March 1, 2025.In 2024, the AWS Foundation awarded scholarships to more than 1,200 welding students, providing financial support ranging from $1,000 to over $10,000 per recipient. These scholarships benefited students attending more than 400 academic and training institutions across all 50 U.S.
Maersk, Hapag-Lloyd: No immediate return to Red Sea
Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so."The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea…
Baltic Index sags again, dragged down by capesize, supramax rates
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 40 points at 1,023 points, its lowest level in a week.The capesize index fell 99 points to 1,482 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $815 to $12,294.Prices of iron ore futures rose to a four-week high, supported by reduced shipments from a major producer and growing expectations of further rate cuts by the Federal Reserve following cooler-than-expected U.S.
Philippines, China seek common ground on South China Sea
The Philippines and China agreed to seek common ground and find ways to cooperate despite their disagreements in the South China Sea, their foreign ministries said on Thursday, as heated rows persist over vessels deployed around disputed features.The two countries on Thursday held a 10th round of talks under a bilateral consultation mechanism set up to address issues in the South China Sea, where disputes have been frequent and tense, with ties at their lowest point in years.Both…
IMO Outlines 2025 Priorities
Secretary-General Arsenio Dominguez has highlighted several areas high on the agenda of the International Maritime Organization (IMO), as it embarks on a busy work schedule for 2025.Speaking at a news conference on 14 January 2025, Mr. Dominguez said that IMO’s 176 Member States continue to work together to find solutions to global challenges impacting the maritime sector.Dark fleetHe addressed rising concerns with the “dark fleet” or “shadow fleet” evading compliance with safety or environmental regulations, avoiding insurance costs or engaging in other illegal activities.Mr.
Burger to build Passenger Vessel for Wendella Sightseeing
Burger Boat Company has announced that is has been awarded a contract to construct an 89-foot passenger vessel for Wendella Sightseeing Co. Inc.This state-of-the-art passenger vessel will be built with Burger’s renowned craftsmanship and precision engineering, delivering the highest standards of safety, performance, and comfort. The 89-foot vessel is designed to enhance Wendella's commitment to providing exceptional experiences on Chicago’s iconic waterways, accommodating a wide range of tours and private events."We are honored to partner with Wendella Sightseeing Co. Inc.
Dozens of Migrants Feared Drowned, NGO says
As many as 50 migrants attempting to reach Spain by boat from West Africa may have drowned, migrant rights group Walking Borders said on Thursday.Moroccan authorities on Wednesday rescued 36 people from a boat that had departed from Mauritania on Jan. 2, the group based in Madrid and Navarra said, and had carried 86 migrants, including 66 Pakistanis.A record 10,457 migrants, or 30 people a day, died trying to reach Spain in 2024, most while attempting to cross the Atlantic route from West African countries such as Mauritania and Senegal to the Canary islands, according to Walking Borders.The rights group said it had alerted authorities from all countries involved six days ago about the missing boat.Alarm Phone…
Fincantieri Marinette Marine wins Harbor Assistance Grant
Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability, support waterborne freight and assist with economic development of Wisconsin’s coastal communities.
Colonial Pipeline's gasoline line likely shut until Friday
Colonial Pipeline's main U.S. gasoline artery is expected to be shut through Friday as the company continues to search for the source of a suspected leak in Paulding County, Georgia, the company said in a statement on Wednesday.Line 1, one of two mainlines on the more than 5,500-mile Colonial system, was shut on Monday night after Colonial received reports of a gasoline release and began investigating. The pipeline moves gasoline from Texas to North Carolina and was earlier expected to resume service on Tuesday night…
Baltic Index dragged lower across all sectors
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points.The capesize index fell 23 points to 1,581 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…
AAPA Announces Policy Agenda for America’s Ports
The American Association of Port Authorities (AAPA), the unified voice of our nation’s seaports, today released their policy agenda for the 119th Congress and the incoming Donald J. Trump Administration to revitalize America’s ports, keep America safe and secure, and unleash sustainable economic growth. The agenda was developed with extensive input from its 80 plus member public port authorities and will serve as an advocacy guide to inform the Federal Government and industry of the port industry’s top policy priorities.“There’s no such thing as a strong America without strong ports…
WSP-Led Partnership Secures Baltimore Bridge Rebuilding Contract
Maryland Transportation Authority selected Bridging Maryland Partnership as its general engineering consultant for rebuild of Baltimore bridge that collapsed after cargo ship collision.Just 10 months after the collapse of the Francis Scott Key Bridge, Maryland Transportation Authority (MDTA), owner, selected Bridging Maryland Partnership — a joint venture that includes WSP — to provide general engineering consultant services for the reconstruction of the strategically significant bridge.The $75 million contract with the WSP-led joint venture, including engineering firms Rummel, Klepper & Kahl (RK&K); and Johnson, Mirmiran & Thompson (JMT); was approved on Jan. 8 by the Maryland Board of Public Works.
Hybrid Waterjet Passenger Ferries Launched for Savannah, GA
Marine Jet Power (MJP), a global provider of waterjet propulsion, and Derecktor Shipyards New York announced the launch and christening of two groundbreaking passenger ferries for Chatham Area Transit (CAT) of Savannah, Georgia.These vessels represent a significant milestone as the first hybrid passenger ferries in the United States powered by waterjet propulsion.The two 65-foot ferries, The Juliette Gordon Low II and The Susie King Taylor II, powered by MJP UltraJet 305 waterjets, incorporate cutting-edge hybrid technology, marking a new era in sustainable maritime transportation.
VLCC Rates Spike as US Sanctions Bite
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No. 2 oil exporter's revenue due to its war in Ukraine.Many of the newly-targeted vessels, part of a so-called shadow fleet that seeks to avoid Western restrictions…
Egypt seeks four LNG cargoes for Feb-Mar delivery
Egypt has issued a tender seeking four cargoes of liquefied natural gas (LNG) for delivery between February and March, two trading sources told Reuters.The most populous Arab country has returned to being a net importer of natural gas, buying dozens of cargoes this year and abandoning plans to become a supplier to Europe after a steep decline in domestic gas output largely because of declining production from the Zohr gas field.The tender was issued by the Egyptian General Petroleum Corporation (EGPC) and closes on Jan. 27.
UN: Shadow Tanker Fleet Risks Rising
The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency said on Tuesday.The shadow fleet refers to hundreds of ships used by Russia to move oil, in violation of international restrictions imposed on it over the Ukraine war, as well as by oil exporters such as Iran and Venezuela hit by U.S. sanctions.At least 65 oil tankers dropped anchor this week at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10."The risk is growing in relation to the environmental impact and the safety of the seafarers as the shadow fleet grows…
U.S. Waterways Charterer opts for Fueltrax
The industry-leading fuel management systems from Fueltrax are typically installed by oceangoing vessels looking to cut costs, better manage their fuels, and reduce emissions. Now vessels that primarily operate on inland and near-coastal waterways are reaping the benefits as well.A major U.S. charterer and vessel owner has outfitted half a dozen of its vessels and is realizing the advantages. The operator uses the Fueltrax EFMS, the most widely deployed and effective system available.The Fueltrax EFMS is a state-of-the-art system designed and supported by former NASA engineers.
Baltic Index snaps three-session winning streak
The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining streak on Tuesday, as rates declined across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points at 1,080 points after hitting a more-than-one-month high on Monday.The capesize index fell 11 points to 1,604 points. Average daily earnings for capesize vessels, which typically transport 150…
Wallenius Takes Over Terminal Operations in Gothenburg
Wallenius Wilhelmsen has taken a strategic step to expand its logistics services by taking over the terminal operations in Gothenburg in Sweden.The Port of Gothenburg, the largest port in Scandinavia for vehicles, is strategically positioned and is a key hub that connects the Nordics with regions such as the Far East, North America, Africa, Australia and Northern Europe.With Wallenius Wilhelmsen being the terminal operator at the Port of Gothenburg, the aim is to develop a partnership…
EU naval force: Allegedly hijacked Chinese fishing vessel liberated
A Chinese fishing vessel that was allegedly hijacked last month in Somalia's waters, in the semi-autonomous Puntland region, has been liberated, the European Union's anti-piracy naval force said on Monday."According to the information provided (by the Chinese embassy to Somalia), no crew members were injured and the vessel is in transit to safe waters," it said in a statement.
Port of New Orleans wins $1 Million EPA Grant
The Port of New Orleans (Port NOLA) announced that it has been awarded $1,000,000 from the Environmental Protection Agency (EPA) for its Louisiana International Terminal (LIT) Sustainability Management Plan (SMP)."This funding is a crucial investment in Louisiana’s future, supporting sustainable infrastructure and creating meaningful opportunities for our communities. The Louisiana International Terminal represents economic growth and a commitment to environmental stewardship and workforce development that will benefit Violet, St. Bernard Parish and the entire state.
Dozens of tankers drop hook as US sanctions bite
At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship tracking data showed on Monday.Five of those tankers were stationary off Chinese ports and a further seven dropped anchor off Singapore, with others halting near Russia in the Baltic Sea and the Far East, according to Reuters' analysis based on MarineTraffic and LSEG ship tracking data.The U.S.
Capesize carries Baltic Index to One-month High
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points at 1,093 points, its highest level since Dec. 11.The capesize index rose 167 points to 1,615 points, a six-week peak. Average daily earnings for capesize vessels, which typically transport 150…
Finland: Tanker Sabotage Crew poised to cut cables when caught
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022. Leaders of the NATO member states around the Baltic Sea are set to meet in Helsinki on Tuesday to discuss the alliance's response to the threat.On Dec.
Panama Canal Slots Going Unfilled
The average number of vessels that passed through the Panama Canal in December increased to 34.2 per day, according to a notice from its authority seen on Monday, but the waterway did not fill all the slots on offer, a sign that some ships continue taking alternative routes.The canal, the world's second busiest and the only interoceanic way that operates with freshwater, between August and September lifted passage restrictions following a severe drought that forced a limit to…
Tanker hit by Houthis salvaged, Red Sea disaster averted
A risky operation to salvage an oil tanker attacked by Houthi militants in the Red Sea and avert what could have been one of the largest oil spills in recorded history has been completed, British maritime security company Ambrey and Greece have said.The 900-foot Greek-registered MT Sounion, carrying 150,000 tonnes of crude oil, was struck by several missiles and drones and caught fire on Aug. 21, triggering fears of an oil spill that could cause catastrophic environmental damage in the area.Months later, the vessel has been declared safe and its cargo has been removed, said Ambrey, which led the salvage operation.Greece had urged all nations to assist with the case with political negotiations extending from the Houthis…
Ostseestaal/Ampereship will build all-electric ferry
Stralsunder Ostseestaal GmbH & Co. KG has been commissioned by Hafenprojektgesellschaft Helgoland mbH with the development and construction of an all-electric ferry.The so-called dune ferry will connect the German North Sea island of Heligoland with the neighbouring island of Dune. It will replace the ‘Witte Kliff’ ferry, which has been operating on the approximately one kilometre-long route since 1997 and is powered by conventional marine fuel. The new electric-solar ferry will…
An (Electric) Jolt for the Passenger Vessel Industry
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders. Older fleet vessels, some approaching financial and operational obsolescence – also environmentally undesirable on a waterfront that more than ever demands cleaner carbon signatures – are going the way of the dinosaur.
Glamox to Illuminate Fjord1’s Autonomous Ferries
Lighting solutions specialist Glamox has booked a contract to light four Fjord1’s autonomous-ready ferries, expected to be the first in the world to operate independently of human intervention.Glamox was awarded the lighting contract from Tersan Shipyard in Turkey where the vessels are being built for the Norwegian operator Fjord1.The company will provide a total of approximately 2,160 marine-certified lights to light the interior and exterior of the four vessels.For each ferry…
Israel Bombs Houthi-controlled Power Station, Ports
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli Prime Minister Benjamin Netanyahu said the Iran-backed Houthi militia were "paying and will continue to pay a heavy price for their aggression against us".A series of airstrikes targeted the Red Sea port of Ras Issa and six others the major port of Hodeidah…
Baltic Index Gains Again on Capesize Strength
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 79 points to 1,048 points. However, it was down 2.2% for the week.The capesize index rose 284 points at 1,448 points, its highest level since Dec. 10, 2024. The index gained about 5.3% this week.
BOEM Boosts Monetary Penalties for Oil & Gas firms
Today, the Bureau of Ocean Energy Management (BOEM) announced a final rule that implements the 2025 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal Civil Penalties Inflation Adjustment Act Improvements Act (FCPIAA Improvements Act) of 2015 requires Federal agencies to adjust the level of civil monetary penalties for inflation annually. These adjustments are intended to maintain the deterrent…
NRF: Import Cargo to Remain Elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen a surge in imports that is expected to continue because of potential increases in tariffs, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“The new contract brings certainty and avoids disruptions, and we hope to see it ratified as soon as possible,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
US Container Imports Strong, For Now
Descartes Systems Group has released its January Global Shipping Report, highlighting the continuing a trend of higher year-on-year container volumes throughout 2024.December 2024 U.S. container import volumes closed at 2,367,271 TEU, just shy of the 2.4 million TEU threshold that has typically strained port capacity. Despite elevated volumes, overall transit delays decreased across the top 10 U.S. ports.Following two months of volume declines, December imports from China were up by 1.7% to 902,519 TEUs and by 14.5% over December 2023, highlighting the continued strength of U.S.-China trade.
OP/ED: When it Comes to Offshore Energy, Be Careful What You Wish For
You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on, it is likely that some of those edicts will be quickly reversed by the incoming President. Of course, much of this is likely irreversible. No where is that more apparent than Biden's order to withdraw 625 million acres of ocean from new offshore oil and gas development.U.S.
Bulk Carrier Aground in Philadelphia
The U.S. Coast Guard is responding to the grounding of the 623-foot bulk carrier Algoma Verity approximately a mile north of the Benjamin Franklin Bridge in the Delaware River.At 6:30 p.m., Wednesday, Coast Guard Sector Delaware Bay watchstanders received a report from the pilot aboard the Algoma Verity stating the vessel had run aground. No injuries or pollution have been reported.The vessel was northbound with a cargo of approximately 45,000 tons of solar salt when the incident occurred.Watchstanders deployed a Station Philadelphia 29-foot Response Boat-Small crew to the area.As of 8 a.m.…
Capesize Segment Buoys Baltic Index
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 3 points to 969 points.The capesize index was up 64 points at 1,164 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $530 to $9,653.Dalian iron ore futures prices snapped a four-day losing streak…
Port of Oakland kicks off 2025 paid Internships
The Port of Oakland is excited to announce the kick-off of its 2025 paid Summer College Internship Program.Qualified applicants can competitively apply for summer internships in a variety of professional fields at the Port including Aviation, Communications, Engineering, Environmental Programs & Planning, Governmental Affairs, Human Resources, Technology & Innovation, Legal, Maritime Logistics, and Utilities.The Port has proudly supported internship opportunities for college students for nearly 20 years.
Box Shipping Rates may fall as US Port Strikes Averted
Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off – with ocean container freight rate growth now expected to slow or fall.The strikes were set to begin on 15 January and would have forced the closure of ports from Maine to Texas. This has now been averted after a tentative agreement over a new six-year master contract was reached between the International Longshoremen’s Association (ILA), which represents port workers…