Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Crisis News

27 Mar 2024

Pilot Called for Tugboat Help Before Baltimore Bridge Disaster

Source: US Army Corps of Engineers

The pilot of the container ship that knocked down a highway bridge into Baltimore Harbor had radioed for tugboat help and reported a power loss minutes earlier, federal safety officials said on Wednesday, citing audio from the ship's "black box" data recorder.The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a traffic artery over the harbor built in 1976, lacked structural engineering redundancies common to newer spans, making it more…

27 Mar 2024

Divers Recover Two Bodies After Baltimore Bridge Collapse

Satellite image ©2024 Maxar Technologies.

Divers on Wednesday recovered the remains of two of the six workers missing since they were tossed into Baltimore Harbor from a highway bridge that collapsed into shipping lanes when a faltering cargo freighter rammed into the structure, officials said on Wednesday.The bodies were pulled from the mouth of the Patapsco River a day after the massive container ship lost power and its ability to maneuver before plowing into a support pylon of the Francis Scott Key Bridge, knocking…

27 Mar 2024

Authorities Warned of Ship Approach Moments Before Baltimore Bridge Collapse

(Photo: David Adams / U.S. Army Corps of Engineers)

Federal investigators on Wednesday examined the cargo ship that crashed into a Baltimore bridge while emergency teams searched for bodies and details emerged of the intense efforts to save lives in the minutes before the steel span collapsed."Hold all traffic on the Key Bridge. There's a ship approaching that just lost their steering," someone said on police radio minutes before the 1:30 a.m. crash on Tuesday.While voices were heard discussing next steps, including alerting any work crews to leave the bridge…

27 Mar 2024

Britain’s Forgotten Prison Island: Remembering the Thousands of Convicts Who Died Working in Bermuda’s Dockyards

An 1862 photo of a prison hulk docked in Ireland Island, Bermuda. (Photo: UK Royal Navy)

We think of Bermuda as a tiny paradise in the North Atlantic. But long before cruise ships moored up, prison ships carried hundreds of convicts to the island, first docking in 1824 and remaining there for decades.Islands have long been places to deport, exile and banish criminals. Think of Alcatraz, the infamous penitentiary in San Francisco, or Robben Island in South Africa, which held Nelson Mandela. The French penal colony Devil’s Island was immortalised in the Steve McQueen film Papillon…

27 Mar 2024

Baltimore Bridge Port Blockade Won't Trigger New Supply Chain Crisis, Experts Say

Satellite image ©2024 Maxar Technologies.

The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say.With six people still missing after a container ship collision destroyed the Francis Scott Key Bridge, it remained unclear how long the span's twisted superstructure would block the harbor's mouth.But port officials…

27 Mar 2024

Baltimore Rescuers Lose Hope for More Survivors from Bridge Collapse

Satellite image ©2024 Maxar Technologies

Rescuers have lost hope of finding more survivors of the Baltimore bridge collapse, the coast guard said, as efforts switched on Wednesday to looking for bodies of the missing and more answers to why a container ship smashed into the span.Search divers were expected to return near dawn to the waters surrounding the twisted ruins of the bridge in Baltimore Harbor to search for six workers missing and now presumed dead.The disaster has forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S.

27 Mar 2024

Divers to Search Baltimore Harbor

Search divers were expected to return near dawn on Wednesday to the waters surrounding the twisted ruins of a bridge knocked down in Baltimore Harbor by a faltering cargo ship, leaving six workers missing and presumed dead.The disaster also forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard, and created a traffic quagmire for Baltimore and the surrounding region.As the odds of their survival vanished, the search for the six workers was suspended on Tuesday evening…

25 Mar 2024

India Brings 35 Somali Pirates to Mumbai

Indian naval forces seized the Maltese-flagged bulk carrier Ruen that had been hijacked by Somali pirates, rescuing 17 crew members. All 35 pirates aboard the ship surrendered. (Photo: Indian Navy)

The Indian navy handed over 35 Somali pirates to the police in Mumbai on Saturday, after 100 days of anti-piracy operations east of the Red Sea, where piracy has resurfaced for the first time in nearly a decade.India, the largest national force in the Gulf of Aden and northern Arabian Sea region, captured the pirates from the cargo ship Ruen last week, three months after it was hijacked off the Somali coast.Taking advantage of Western forces' focus on protecting shipping from attacks in the Red Sea by Yemen's Iranian-backed Houthi militants…

25 Mar 2024

Greek Shipping Tycoon Wins in Legal Battle with Newcastle United Co-owner

© Alexandre Rotenberg / Adobe Stock

Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million).Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a sum that had snowballed with interest to over 36 million pounds.The total bill had included around 31 million pounds in interest, accruing at 505,000 pounds per day. Restis' lawyers…

21 Mar 2024

Red Sea Attacks Temporarily Increase Demand for Ships

© Yellow Boat / Adobe Stock

The BIMCO Container Shipping Market Overview & Outlook for March 2024 has been published, and Niels Rasmussen, BIMCO’s Chief Shipping Analyst, highlights that ship supply is expected to grow on average 9.1% in 2024 and 4.1% in 2025.Rerouting via Cape of Good Hope is assumed to impact the first half of 2024. Ship demand increases an estimated 9.5% in 2024 and falls 0.5% in 2025. The supply/demand balance is expected to tighten in the first half of 2024 but then weaken when ships can return to the Suez Canal routing.According to the IMF…

21 Mar 2024

Somali Pirates' Return Adds to Crisis for Global Shipping Companies

© Antony / Adobe Stock

As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline.No one reached them in time. The pirates clambered aboard the Abdullah, firing warning shots and taking the captain and second officer hostage, Chief Officer Atiq Ullah Khan said in an audio message to the ship's owners."By the grace of Allah no one has been harmed so far," Khan said in the message, recorded before the pirates took the crew's phones.

20 Mar 2024

Red Sea Crisis Adds 100,000 Bpd to Global Fuel Demand

© moofushi / Adobe Stock

The shipping industry is consuming an additional 100,000 barrels per day of fuel to sail longer distances needed to avoid traversing the Red Sea, Vitol Chief Executive Officer Russell Hardy said on Wednesday.Total distance traveled by ships is about 3% more than it was before Yemen's Houthi group started attacking shipping, Hardy said.Tanker traffic in the Red Sea is higher today than it was five years ago, he said, but global conflicts have shifted global trade flows."We have had to re-orientate so much all over," he said at a panel during the CERAWeek conference in Houston, Texas.

14 Mar 2024

Hapag-Lloyd to Seek Cost Cuts After Net Profit Slump

© olrat / Adobe Stock

German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with those of competitors such as Maersk and CMA CGM, exacerbated by the arrival of additional ships orde

10 Mar 2024

Gaza Aid Ship Waiting to Sail

Source: World Central Kitchen

A ship carrying tonnes of food for Gaza remained docked in a Cyprus port on Sunday as preparations were underway to launch a yet untested maritime aid route to the enclave, where the United Nations estimates a quarter of the population faces starvation.The Open Arms, a salvage vessel, plans to tow a barge with 200 tonnes of food, mostly funded by the UAE. The supplies were sourced by charity World Central Kitchen (WCK), which is working with Spanish non-governmental organisation Proactiva Open Arms.WCK said it has another 500 tonnes of supplies in Cyprus…

05 Mar 2024

Egypt's Non-oil Business Sector Hurt by Suez Canal Disruption

© loicbocquet/ Adobe Stock

A downturn in Egypt's private sector activity deepened in February as a drop in Suez Canal freight due to attacks on shipping in the Red Sea worsened a long-running foreign currency shortage, a survey showed on Tuesday.The S&P Global Purchasing Managers' Index (PMI) for Egypt slipped to 47.1 in February from 48.1 in January, remaining below the 50.0 threshold that separates growth from contraction for a 39th consecutive month.The overall index reading was the lowest for 11 months…

01 Mar 2024

US Offshore Wind: Down but Not Out

© Eric Dale Creative / Adobe Stock

“The winds of change are blowing wild and free.” – Bob DylanIn the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven that harnessing its power offshore is anything but. In fact, far from it, as rising materials costs, high interest rates, labor shortages and supply chain delays, among other issues, have delivered heavy blows to the commercial viability of several projects.

01 Mar 2024

Texas A&M to Reduce Tuition For Merchant Mariner License Students

(Photo: Texas A&M University at Galveston)

Texas A&M University at Galveston said it will reduce fees for current and future out-of-state students seeking a merchant mariner license from the Texas A&M Maritime Academy, in an effort that aims to help the maritime industry fill worsening labor gaps.Texas A&M Maritime Academy students earn their U.S. Coast Guard license while completing one of several license-option four-year bachelor’s degree programs at Texas A&M at Galveston.Effective September 1, under a new three-tiered fee structure approved by the Texas A&M University System Board of Regents…

29 Feb 2024

BIMCO: Tanker Supply/Demand Balance will Tighten

© alexyz3d / Adobe Stock

The BIMCO Tanker Shipping Market Overview & Outlook February 2024 by Niels Rasmussen, BIMCO’s Chief Shipping Analyst, forecasts that the supply/demand balance will tighten further during both 2024 and 2025.Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing of growth in oil demand. The product tanker supply/demand balance is also expected to tighten in 2024 but weaken in 2025. Like the crude tanker market, longer sailing distances support demand growth despite slowing oil demand.

26 Feb 2024

Spain's Ports See Goods Traffic Rise as Red Sea Crisis Continues

© donvictori0 / Adobe Stock

The volume of goods moving through Spain's top ports rose by as much as 25% in January as attacks on shipping in the Red Sea caused companies to divert Europe-bound vessels around southern Africa instead.Spain's northern ports have also seen volumes in transit jump by up to triple as traders opt to avoid moving goods by truck through Europe because of widespread blockades by farmers, Spanish retail and food industry association Aecoc says.Ports such as Las Palmas in the Canary Islands and Barcelona saw a 25.4% and 7.6% increase in the volume of merchandise respectively…

26 Feb 2024

Houthis Keep Up Pressure with Near Miss on US-flagged Tanker

FILE PHOTO: Torm Thor (Photo: Torm)

Yemen's Houthis fired a missile that likely targeted the Torm Thor in the Gulf of Aden on Feb. 24 but missed the U.S.-flagged oil tanker, the U.S. Central Command (CENTCOM) said on Monday, as the Iran-aligned militia steps up attacks on ships.Shipping risks have escalated due to repeated Houthi drone and missile strikes in the Red Sea and Bab al-Mandab Strait since November in support of Palestinians in Gaza. U.S. and British forces have responded with several strikes on Houthi…

23 Feb 2024

Hanwha Ocean Secures $258M Order for Two VLCCs

(Credit: Hanwha Ocean)

South Korean shipbuilder Hanwha Ocean has received an order to construct two very large crude carriers (VLCCs) for a shipping company in Oceania.The order for VLCCs, worth $257.8 million (342 billion won), is the first such order for Hanwha Ocean in the last three years. This is also the highest price for the vessels in 16 years, since the 2008 global financial crisis, the company said.The ships will be built at the Geoje plant and delivered to the shipowner in the first and second half of 2026…

16 Feb 2024

Red Sea: Far East-US Spiraling Ocean Freight Rates Set for Decline

© MAGNIFIER / Adobe Stock

Spiraling ocean freight rates from the Far East to the United States, caused by the Red Sea crisis, may have peaked, with some relief on the horizon emerging for the shippers, according to the latest analysis from Xeneta, and ocean and air freight rate benchmarking and market analytics platform.The latest data released by Xeneta indicates a peak may have been reached after spot rates from the Far East into the US declined slightly since the last round of General Rate Increases (GRIs) were implemented at the start of February.Into the US East Coast…

11 Feb 2024

FMC Mulls Investigation into Suez and Panama Canal Impacts

© Pabkov / Adobe Stock

The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals.“What is at stake is severe international economic disruption. The United States is still recovering from the aftershock of the pandemic induced supply chain disruption that that saw 30% increases…