The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.The Drewry World Container Index's spot rate for such a shipment hit $9,387 on July 11.
Texas A&M Maritime Academy's training ship came to the aid of a small vessel disabled and in distress drifting in the central Gulf of Mexico.While traveling from Texas to Florida aboard TS Kennedy, cadets William Flores and Kai Ethridge spotted the stricken vessel near daybreak during their morning watch.“Shortly after sunrise, a small black object was spotted in the distance.
My brother and I had a discussion about methanol where we concluded that methanol is a promising sustainable liquid fuel for transportation devices when batteries cannot do the job. While Methanol is initially not carbon zero, as long as we focus on developing zero carbon electrical energy, eventually we can produce zero carbon green methanol.
Aqueous film-forming foam (AFFF) has been used to extinguish fires aboard maritime vessels since its introduction in the 1960s. For decades, AFFF was the foam of choice due to its effectiveness and affordability. However, over the last 15 years, its use has come under increased scrutiny due to health concerns related to its fluorinated materials.
Two-thirds of European green shipping fuel projects are at risk, a new Transport & Environment (T&E) study shows.T&E’s mapping of green hydrogen projects across Europe shows that nearly 4% of European shipping could run on green e-fuels by 2030. But fuel suppliers appear to be reluctant to commit financially to projects without more guarantees that there will be demand for these fuels in the
As May comes to an end, increasing vessel prices on the back of a firming demand from Alang recyclers has now seen local steel plate prices climb nearly $45/ton, reports cash buyer GMS.“Notwithstanding, an all too familiar lack of decent quality tonnage available to global recyclers to sink their teeth into
Despite the occasional smaller LDT candidate popping up for sale over recent weeks, there regrettably remains the ongoing scarcity of tonnage that is simply unable to fill the most basic of demands at the major ship-recycling destinations, reports cash buyer GMS.“As plots across Indian sub-continent markets gradually recycle through their respective shares of vessel deliveries through the first
Emergency responders on Wednesday battled a blaze that engulfed multiple vessels in the Anchorage Marina, on the Patapsco River in Baltimore.A good Samaritan alerted U.S. Coast Guard Sector Maryland-National Capital Region watchstanders to the fire at approximately 9 a.m. and reported that he heard a popping noise and saw two 55-foot boats engulfed in flames.