A derelict tugboat began taking on water and sank Monday morning in Salmon Bay near Ballard in Seattle.The vessel, which had been abandoned for a number of years, was moored at a dock just east of the Hiram M. Chittenden Locks and tied off to two additional abandoned vessels at the time of the incident.
A Washington State Ferries (WSF) vessel has been repaired after it allided into the Fauntleroy dock in Seattle last summer.Everett, Wash. repair yard Everett Ship Repair (ESR) served as the prime contractor for emergency repairs to WSF's Cathlamet, and it subcontracted sister-company Nichols Brothers Boat Builders (NBBB) to construct a new steel pickle fork at its facility on Whidbey Island.
Global container shipping rates are a widely used gauge of overall consumer sentiment, with high and rising costs indicating strong demand for goods, gadgets, and clothes, while falling rates attest to slowing or falling buyer interest.As the main conduit for global trade in finished and intermediate goods - including an overwhelming majority of the parts and machinery needed to produce other
The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said on Tuesday. The world's largest investment banks expect global economic growth to slow further in 2023, following a year roiled by Russia's invasion of Ukraine and soaring inflation.
Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the same month a year earlier, confirming the slackening of merchandise trade and downturn in the business cycle.The ports of New York-New Jersey, Los Angeles, Long Beach, Savannah, Houston, Norfolk, Charleston
A new plan proposed by the International Chamber of Shipping (ICS) aims to reward ships and energy producers that invest in low/net zero emission fuels.The organization, which represents 80% of the world’s merchant fleet, on Tuesday said it send a notice to UN regulator the International Maritime Organization (IMO) proposing a "fund and reward" system to catalyze the adoption of alternative fuels
Jeffersonville, Ind.-headquartered marine transportation company American Commercial Barge Line (ACBL) is expected to operate Hydrogen One, a first-of-its-kind towboat that will run on emissions-reducing methanol-to-hydrogen generator technology—without diesel propulsion.The groundbreaking vessel is being developed by Louisiana-based Maritime Partners, the U.S.
Washington State Ferries said one of its vessels suffered "significant damage" as the result of a "hard landing" at the Fauntleroy terminal in Seattle on Thursday.The Cathlamet, which was traveling from Vashon Island to West Seattle during a 7:55 a.m. sailing, reportedly struck an offshore dolphin (pilings, not the aquatic mammal) before alliding with the dock.
A Norwegian Cruise Line ship has canceled the remainder of its voyage and will return to Seattle after striking an iceberg off the coast of Alaska on Saturday.The Norwegian Sun was transitioning to Hubbard Glacier in Alaska when the ship made contact with a small iceberg. No injuries were reported.
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs
Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.Shares of the London-listed company closed up 19% at 109 pence and marked their best day in two years after Global Ports confirmed a Bloomberg report that MSC was considering taking a controlling stake
Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.