More Than 1,000 Barges Backed Up on Lower Mississippi River
More than 1,000 barges were backed up on the lower Mississippi River on Friday, according to the U.S. Coast Guard, while traders anxiously awaited an update on the shutdown of a portion of the waterway that is critical to U.S. crop exports.The…
Tanker Owners Ask to Switch Ports for Israel Oil Shipments
At least two tanker owners delivering crude oil to Israel have asked to divert from Ashkelon to the port of Haifa because of fighting, shipping sources said on Friday.The most serious fighting between Israel and Gaza militants since 2014 began…
Austal Delivers Two Patrol Boats to Trinidad and Tobago Coast Guard
Austal has delivered two 58-meter Cape-class Patrol Boats to the Trinidad and Tobago Coast Guard (TTCG). The patrol boats, TTS Port of Spain (CG41) and TTS Scarborough (CG42), were delivered at a handover ceremony held at Austal Australia’s Henderson shipyard Friday.
CN states that its proposal to acquire KCS is “deemed superior” by KCS Board
With both Class I railroads north of the border—Canadian Pacific CN—throwing their respective hats in the ring, with the objective of acquiring Kansas City Southern (KCS), CN said on Thursday night that after it submitting what it called an enhanced binding superior proposal agreement to the KCS Board of Directors that the KCS board has now determined that CN’s proposal is a “Company Superior Proposal.”
Jones Act Waiver Granted to Valero After Colonial Shutdown
U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and…
LA port making dent in backlog before peak season
The Port of Los Angeles says terminal operators are digging out of the cargo backlog that has built up since last fall, pointing to reduced rail dwell times last...
Baltic Dry Index Hits Near Two-week Low
The Baltic exchange's main sea freight index fell to a near two-week low on Thursday pressured by a decline in capesize and panamax vessel rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 62 points, or 2%, to 3,077, the low
Port of Los Angeles and Port of Long Beach turn in record-breaking April volumes
POLA reported that total April volume—at 946,966 TEU (Twenty-Foot Equivalent Units)—marked a 37.4% annual increase, for its busiest April in the port’s 114-year history. And POLB reported that April volumes turned in its highest-ever levels for April, in the port’s history, coming in at 746,188 TEU, for a 43.6% annual increase, paced, in large part, by the cargo boom derived from e-commerce activity.
Profiles in Training: Dr. Michael Ekow MANUEL, Professor, World Maritime University
The global seafarers crisis takes center stage at the World Maritime University (WMU), as Dr. Michael Ekow Manuel discusses the importance of seafarers, seafarer training and the MarTID 2021 survey.While many maritime professionals have the theoretical ‘salt in their veins’…
LSFO Raises Ship Operating Cost by $20,000 Per Year
New rules that entered force at the start of 2020 to reduce sulphur emissions from ships are leading to significant hikes in vessel operational expenditure, members of theshipping industry say.Using low sulphur fuel oil (LSFO) can add as much as $20…