Shipping group Maersk, often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of the year, even as it raised full-year guidance driven by high container freight rates.The shipping industry has seen record profits in recent quarters as a surge in consumer demand, pandemic-related bottlenecks in U.S.
A unified command consisting of the U.S. Coast Guard, Alaska Department of Environmental Conservation, and Western Towboat, continues to lead the response efforts for the grounded tug in the Neva Strait, which initially occurred Monday morning.The tug owner, Western Towboat, contracted Hanson Maritime, SEAPRO
Offshore installation contractor Jan De Nul has informed that its newbuild offshore jack-up installation vessel Voltaire has been fitted with what it says is the world's largest leg encircling crane.The vessel, being built for offshore wind and decommissioning work, was recently launched at the COSCO Shipping Shipyard in Nantong, China.
Staten Island Ferry's second new Ollis-class vessel, Sandy Ground, was commissioned Friday by New York City Mayor Eric Adams.“I am honored to commission a new Staten Island Ferry named for a community of New Yorkers who represent the best of our city and our country,” said Mayor Adams.
Cadeler CEO Mikkel Gleerup shares insights on the path ahead for his company in the fast-growing offshore wind sector, with details on Cadeler’s new X-Class Wind Turbine Installation Vessels.The last two years were big year for your company, with a name change from Swire Blue Ocean and IPO at the end of 2020 and a rebranding through 2021.
Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling "containergeddon", according to traders.Container-based transportation has been hit by sky-high costs and delays amid booming shipping demand
More oil from a massive offshore spill landed on the southern California shore on Monday, with beaches closed and dead fish and birds washing up on shore as officials investigated whether a ship anchor striking a pipeline could have triggered the leak.Crews dressed in white coveralls and helmets raced against an approaching storm as they cleaned damage from 3,000 barrels (126
A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, prompting local officials to call it an environmental catastrophe.The U.S. Coast Guard, heading a clean-up response involving federal, state, and city agencies, said on Sunday there was an around-the-clock investigation into how the spill occurred.
A private dive team will try to locate the source of a suspected oil spill spotted in the Bay Marchand area of the Gulf of Mexico on Sunday, after Hurricane Ida wreaked havoc in the region this week, the U.S. Coast Guard said on Saturday.U.S. National Oceanic and Atmospheric Administration satellite images, first reported by the Associated Press on Wednesday
A 120-foot dredge barge capsized in the Charleston Harbor Resort and Marina, Wednesday, the U.S. Coast Guard said.Coast Guard Sector Charleston watchstanders received a call at 3:34 a.m. from the Charleston Harbor Resort and Marina staff stating the dredge barge rolled over on its side in the marina.
The Port of Los Angeles hit a new volume record in June as U.S. businesses race to replenish stocks and build inventories for the back-to-school, Christmas and other holiday shopping seasons.Total volume at the Port of Los Angeles hit 876,430 20-foot equivalent units (TEU) in June, up 27% versus the year earlier, port authorities said.
Sub-continent markets continue to fire on during the summer / monsoon months, as firmer steel plate prices and an increasing lack of available tonnage has invariably pushed sub-continent offerings on to previously unthinkable levels.Not since the boom year of 2008 have we seen levels quite so high, and as the mythical $600/LDT draws ever closer