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Thursday, March 28, 2024
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Us East Coast News

27 Mar 2024

St. Johns Ship Building to Build Six Deck Barges for Seapath

(Photo: St. Johns Ship Building)

St. Johns Ship Building on Wednesday announced it has signed a contract with Seapath for construction of a series of six ABS deck barges in support of their Jones Act leasing business.The barges will be built at St Johns Ship Building’s facility in Palatka, Fla. and will be dispatched to multiple charterers along the US East Coast.Seapath is a subsidiary of the Libra Group, which is also parent to St. Johns’ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, “Domestic maritime transportation is the backbone of the US transportation system.

26 Mar 2024

Bridge Collapse Freezes Ship Traffic in Port of Baltimore

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

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted following a bridge collapse, shipping data showed on Tuesday.A 948-foot container ship smashed into a four-lane bridge in the port in darkness early on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Port traffic was suspended until further notice, Maryland transportation authorities said.At least 13 vessels that were expected to load coal were anchored near to Baltimore port…

26 Mar 2024

Cargo Ship Lost Power Before Slamming Bridge in Baltimore

Collapsed Francis Scott Key Bridge in Baltimore (Credit: Screenshot/StreamTime Live)

A massive cargo ship smashed into a bridge while sailing out of Baltimore early on Tuesday, sending cars and people into the river below and closing one of the busiest ports on the U.S. Eastern Seaboard.Rescuers pulled out two survivors, one of whom was hospitalized, and searched for more in the Patapsco River after huge metal spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the icy water around 1:30 a.m. (0530 GMT).The ship reported a power issue before impact…

26 Mar 2024

Ships Bound for Baltimore Drop Anchor After Traffic Stopped

Collapsed Key Bridge in Baltimore (Credit: Screenshot/StreamTime Live)

At least 10 commercial ships that were sailing to the U.S. port of Baltimore have dropped anchor in waters nearby, data from ship tracking and maritime analytics provider MarineTraffic showed on Tuesday.A container ship smashed into a four-lane bridge in the port on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Port traffic was suspended until further notice, Maryland transportation authorities said.The vessels that anchored included container and bulk carrier ships that were signaling their destination as Baltimore…

26 Mar 2024

Baltimore Bridge Collapse Could Disrupt Supply Chain -Xeneta

Collapsed Key Bridge in Baltimore (Credit: Screeshot/StreamTime Live)

The containership allision that caused the collapse of the Francis Scott Key Bridge in Baltimore could cause "significant disruption" to shipping supply chains, according to industry analyst Xeneta.The 10,000 TEU Singapore-flagged Dali was operating on a 2M alliance service between Baltimore and the Far East when it struck the bridge around 1:35 a.m. on Tuesday, sending cars and people plunging into the river below."The immediate focus is the rescue operation, but there will clearly…

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…

12 Feb 2024

US Import Volumes Seen Rising Despite Red Sea Disruptions

© Anthony Sanchez / Adobe Stock

Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.“Only about 12% of U.S.-bound cargo comes through the Suez Canal but the situation in the Red Sea is bringing volatility and uncertainty that are being felt around the globe,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “U.S.

30 Jan 2024

TDI-Brooks' New Vessel Ready for Work

(Photo: TDI-Brooks)

TDI-Brooks' newest vessel R/V Nautilus (formerly known as Nautical Geo) is ready to go to work following a 6-month retrofit period in Las Palmas.The DP2 vessel is currently enroute to the U.S. East Coast to provide support for offshore wind operations. It is expected to be fully prepared for the first offshore wind program by early March.Built in 2000, the 75-meter-long vessel is equipped with the newly-acquired Geomiil Manta-200 CPT, which can be deployed through the mid-ship moonpool.

17 Jan 2024

Maersk and Hapag-Lloyd Set Up Operational Cooperation

© STOCKSTUDIO / Adobe Stock
 

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement…

14 Jan 2024

Tesla, Volvo Car Pause Output as Red Sea Shipping Crisis Deepens

© Björn Wylezich / Adobe Stock

Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region.The United States and Britain launched a series of strikes on Yemen on Thursday, aimed at the Iran-backed Houthi militia whose attacks on international shipping have disrupted one of the world's most important shipping routes.Container shipping rates jumped…

12 Jan 2024

As Missiles Soar, Freight Rates Soar, too

Peter Sand, Chief Analyst, Xeneta. Image courtesy Xeneta

Missile strikes by the US and UK against Houthi militia in Yemen has brought heightened tensions across the region with disruption to ocean freight shipping set to deteriorate further.At approximately 2.30am (Sanaa/Red Sea time) today, Friday, the US and UK military carried out air strikes on targets in Yemen in response to Houthi militia attacks on merchant ships in the Red Sea, which have totalled 27 since November 19.“We want to see safe, risk-free voyages through the area for vessels and the situation must calm down for that to happen," said Peter Sand, Chief Analyst, Xeneta.

03 Jan 2024

Ocean Cargo Rates Climb After New Red Sea Ship Attacks

© Sergey Novikov / Adobe Stock

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. It has forced ships to reroute around the southern tip of Africa…

28 Dec 2023

Red Sea Shipping Workarounds Add Costs, Delays for Suppliers

© EvrenKalinbacak / Adobe Stock

Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.Suppliers for the likes of IKEA, Home Depot, Amazon and retailers around the world are doing the same as businesses grapple with the biggest shipping upheaval since the COVID-19 pandemic threw global supply chains into disarray, sources in the logistics industry said.Florida-based Basic Fun usually ships all Europe-bound toys from its China factories via the Suez Canal…

19 Dec 2023

Markets Spike Following Houthi Attacks on Shipping

© Dragoș Asaftei / Adobe Stock

Continued missile attacks on merchant ships in the Red Sea have plunged supply chains into chaos, and consumers around the world will have to pay the price, according to Xeneta.Latest data from the industry analyst shows spot rates in the ocean freight shipping market spiked by 20% since Friday after major shipping liner companies such as Hapag Lloyd, MSC and Maersk announced they are avoiding the Red Sea amid the attacks by Houthi militia.Xeneta chief analyst Peter Sand said…

04 Dec 2023

Marine News' Top Vessels of 2023

Empire State (Photo: MARAD)

The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.

01 Dec 2023

McAllister Towing Releases Its First Sustainability Report

(L to R): Keegan Plaskon, ABS Director, Business Development; Buckley McAllister, Chairman and CEO of McAllister Towing; and Stergios Stamopoulos, ABS Manager, Sustainability; at the 2023 International WorkBoat Show in New Orleans.

McAllister Towing has released its inaugural sustainability report.ABS specialists worked with McAllister’s team to provide greenhouse gas inventory and sustainability reporting services, calculating the operational carbon intensity and benchmarking the performance of the McAllister fleet of more than 60 vessels, including tugboats, passenger ferries, offshore supply vessels, crew boats and barges in over 13 locations along the U.S. East Coast.The report covers topics such as McAllister’s fleet profile…

24 Oct 2023

Crowley to Launch LNG Bunkering at Panama Canal's Pacific Side

(Photo: Crowley)

Shipping and energy logistics company Crowley said Tuesday it is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.Crowley’s advanced energy group will operate the service to manage the ship-to-ship LNG transfer services. With a potential start date in 2024, Crowley is preparing to provide bunkering and related…

23 Oct 2023

Container Shippers in Store for Stormy 2024 - Xeneta

© TIMDAVIDCOLLECTION / Adobe Stock

Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024.Oslo-based Xeneta has carried out in-depth analysis of the latest ocean freight rates and branded the current market as unsustainable.Xeneta CEO Patrik Berglund said: “The cost of moving goods by sea has plummeted during 2023 by almost 60% for long term contracts on a global level and some corridors, such as the Transatlantic into US East Coast and Far East to Europe…

03 Oct 2023

Offshore Wind: Support Vessel Bottlenecks Loom in the US

(© David Maddock / Adobe Stock)

An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050.But as is the case for any new industry that is building up, there are going to be bumps along the way. The U.S. offshore wind industry is currently grappling with rising costs amid unprecedented supply chain issues and inflation, among other issues.One of the main challenges unique to offshore wind is a shortage of vessels.

01 Sep 2023

CMA CGM Completes New York Terminals Acquisition

© Mariusz / Adobe Stock

CMA CGM announced it has finalized its acquisition of two container terminals in the Port of New York and New Jersey as the France-based shipping and logistics group grows its supply chain presence in the United States.The company announced in December 2022 that it struck a deal to acquire the Bayonne and New York terminals from Canada's Global Container Terminals (GCT). Terms of the transaction were not disclosed, but media reports indicated the deal could be worth around $3 billion."Through this strategic investment…

30 Aug 2023

US Offshore Wind Sector Faces Key Test After Weak Gulf Auction

© Fokke Baarssen / Adobe Stock

The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U.S. officials had touted the auction as a key milestone in Biden’s agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change.But with only a single bid of $5.6 million emerging for the rights to 102…

25 Aug 2023

Port of Savannah Takes Delivery of More Ship-to-Shore Cranes

Source: Georgia Ports

The US Port of Savannah has taken delivery of four Super Post-Panamax ship-to-shore cranes, upgrading the crane fleet to 34 machines at Garden City Terminal after four older cranes are retired and recycled.Along with the completion of our project to improve Berth 1, these cranes will help deliver faster turn times to our ocean carrier customers, including the largest vessels calling on the U.S. East Coast, said Griff Lynch, Georgia Ports Authority president and CEO. “No other terminal in the nation can bring more cranes to bear…

21 Aug 2023

Labor Shortages, Climate Change & Technology: They’re All Related

© Pajaros Volando / Adobe Stock

Many problems in our “New World” can be solved more quickly than ever due to the speed at which information now travels. Gone are the countless long days of research, because often our questions can be answered instantaneously at a computer terminal or on a handheld mobile device. Traditional investment, research, science and industry have all attempted to reconfigure their business practices to accept that information speed. Unfortunately, government regulation and bureaucracy have not…