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  Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. “A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for longer than usual,” says Filipe Gouveia, Shipping Analyst at BIMCO. During the

  Crew recruitment is set to be accelerated thanks to the introduction of a new recruitment platform which aims to streamline communication with seafarers, enabling ship owners to swiftly fill vacancies with competent crew at a time when shortages are beginning to bite. Introduced by Danica Crewing Specialists, the recruitment platform – www.danica-crewing.com – utilises latest

  In the aftermath of the March 26 Baltimore bridge collision, supply chain professionals are anticipating price hikes, as indicated by a significant rise in sentiment for container price increases, reports Container xChange, a global container logistics online platform. A rebound of freight volumes into the US this year, coupled with the bridge incident and

  In a customer advisory note, Maersk Line has indicated it is prepared to offer special provisional services to several gateways in eastern Canada as long as the Port of Baltimore remains closed to ocean-going vessels following the March 26 collapse of the Francis Scott Bridge that was struck by the Dali containership. It did

  Kingston, Jamaica – The Council of the International Seabed Authority (ISA) has announced it successfully concluded the first part of its 29th session, marking significant progress in the ongoing negotiations of the draft exploitation regulations for mineral resources in the international seabed area. Under the new leadership of the President of the Council for

  In one of the latest developments since a container vessel struck the Francis Scott Bridge early last Tuesday morning, the US Corps of Engineers has begun working to remove the wreckage with a view to opening a temporary channel on the northeastern side of the main access channel to the Port of Baltimore. “This

  Within hours of receiving the request, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced the immediate availability of $60 million in “quick release” Emergency Relief (ER) funds for the Maryland Department of Transportation to rebuild the Francis Scott Key Bridge after a container ship, the Singapore-flagged Dali chartered by Maersk, struck the

  The M.V. Federal Franklin made history on March 28 by becoming the earliest international vessel (i.e. ‘salty’) to arrive in Port of Thunder Bay, surpassing the previous record set on March 30, 2006. That afternoon following its morning arrival, the ship and its crew were warmly received with the traditional Top Hat Ceremony. However, due

  Terminal 46 welcomed the Triumph Ace on March 27, marking the opening of the terminal to regular auto and breakbulk cargo service. Terminal 46, a key maritime property located in The Northwest Seaport Alliance’s (NWSA) Seattle Harbor offers 42 plus acres of cargo lay-down space for shippers. Pacific Terminal Services Company (PTSC) will operate