Page 8 - Shipping Industry

Baltimore Bridge collapse: Ship behind mishap to be refloated and moved

The container ship that caused the deadly collapse of Baltimore's Francis Scott Key Bridge is scheduled to be refloated on Monday and moved to a nearby marine terminal. The Dali has remained at the collapse site since it lost power and crashed into one of the bridge's supporting columns on March 26, killing six construction workers and snarling traffic into Baltimore Harbour. High tide Monday morning is expected to bring the best conditions for crews to start refloating and transit work on the ship, according to a statement from the Key Bridge Response Unified Command. Up to five tugboats will escort the Dali on its 2.5-mile (4-kilometre) path to the marine terminal. The work is expected to last at least 21 hours. Crews conducted a controlled demolition on May 13 to break down the largest remaining span of the collapsed bridge. The Dali experienced four electrical blackouts within about 10 hours before leaving the Port of Baltimore for Sri Lanka and hitting the bridge, according t

Ministry aims for 80% landlord model at major ports by 2030: Ramachandran

The shipping ministry is working to shift to an 80 per cent landlord model by the end of this decade to increase efficiency and reduce logistics costs at major ports, a senior government said on Saturday. In the landlord model, private players take over the operational aspects, while the port authority acts as a regulator and landlord. Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model. The PPP (public-private partnership) model is considered an effective tool for attracting investment in the port sector. "We have 12 major ports, and we have a huge capacity...we want to shift to an 80 per cent landlord model by the end of this decade," Ramachandran said. He further said the four pillars that the Shipping ministry is working on to improve the cost and ease of doing busin

Geopolitics likely to weigh on Chabahar trade volumes, say experts

With Russia's borders with Europe shut and Iran under sanctions, port to focus on Central Asia

Shipping is a dirty business, but cleaning it up is lucrative; here's why

Investor's love for this exciting new company category may wane when the EV market picks up again, or the smartphone sector finally returns to growth. But, for now, ship maintenance is exciting

After long wait, India inks Chabahar port's 10-year deal with Iran

India's plans with the port go beyond commercial interests, according to the Centre

Crews prepare for demolition at Francis Scott Key bridge collapse site

After weeks of preparation, crews are scheduled to conduct a controlled demolition Sunday to break down the largest remaining span of the collapsed Francis Scott Key Bridge in Maryland, which came crashing down under the impact of a massive container ship on March 26. Of the crew members, 20 are from India and one is Sri Lankan. The steel span landed on the ship's bow after the Dali lost power and crashed into one of the bridge's support columns shortly after leaving Baltimore. Since then, the ship has been stuck among the wreckage and Baltimore's busy port has been closed to most maritime traffic. Six members of a roadwork crew plunged to their deaths in the collapse. The last of their bodies was recovered from the underwater wreckage earlier this week. All the victims were Latino immigrants who came to the U.S. for job opportunities. They were filling potholes on an overnight shift when the bridge was destroyed. The controlled demolition will allow the Dali to be refloated and ..

Red Sea crisis to cause 15-20% industry capacity loss, says Maersk

According to Maersk, the effects of the situation in the Red Sea are widening and continuing to cause industry-wide disruptions

Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk

Maersk is viewed as a barometer of world trade

Baltimore bridge collapse: Officials release timeline, cost for rebuilding

Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between USD 1.7 billion and USD 1.9 billion, a state transportation official said Thursday. The state plans to build a new span by fall of 2028, said David Broughton, a spokesperson for the Maryland Department of Transportation. He said the cost estimate is preliminary, and detailed engineering specifics have not been confirmed. As salvage efforts continue, authorities also announced late Wednesday they had recovered the body of a fifth person who was missing after the bridge's March 26 collapse, which shut down the port of Baltimore, one of the busiest ports in the country. Six members of a roadwork crew plunged to their deaths when a container ship lost power and crashed into one of the bridge's supporting columns. The Key Bridge Response Unified Command announced that the victim found Wednesday was identified as Miguel Angel Luna Gonzalez, 49, of Glen Burnie, Maryland. All of the .

Private ports outpace central peers in FY24; register double-digit growth

Coastal cargo major booster for private ports last fiscal

Ships moved 9% faster at Indian major ports in FY24 as infra improved

Greater participation by private companies is another reason for improvement

Ship that brought down Baltimore bridge to be removed from collapse site

At the site of the Francis Scott Key Bridge collapse, crews plan to refloat and remove the grounded Dali container ship within roughly the next 10 days, allowing more maritime traffic to resume through Baltimore's port. The ship, which lost power and crashed into one of the bridge's supporting columns, has been stationary amid the wreckage since the March 26 collapse. Officials expect to have it removed by May 10, according to a news release Tuesday from the Port of Baltimore. Six members of a roadwork crew plunged to their deaths in the disaster. Four bodies have been recovered while two remain missing. Crews have identified areas of interest where they believe the bodies could be, but they've been unable to access them so far, Maryland State Police Superintendent Roland Butler said during a news conference Tuesday afternoon. We're working in generalisations of areas where we think they should be, based on sonar images and other mapping techniques, he said. Officials declined to

Missile attack by Houthi rebels damages a ship in Red Sea: Officials

A missile attack by Yemen's Houthi rebels damaged a ship in the Red Sea on Monday, authorities said, the latest assault in their campaign against shipping in the crucial maritime route. The attack happened off the coast of Mokha, Yemen, the British military's United Kingdom Maritime Trade Operations centre said. The ship was damaged in the attack, the UKMTO said, though its crew was safe and heading to its next port of call. The agency urged vessels to exercise caution in the area. There was an explosion in close proximity to a merchant vessel, the UKMTO said. Vessel and crew are reported safe. The US military's Central Command identified the ship damaged as the Cyclades, a Malta-flagged, Greece-owned bulk carrier. The military separately shot down a drone on a flight path toward the USS Philippine Sea and USS Laboon, the military said Tuesday. Houthi military spokesman Brig. Gen. Yahya Saree claimed the attack on the Cyclades and targeting the US warships in a statement early ...

Building capacity

Cargo terminals will boost efficiency

Likely missile attack by Houthi rebels targets container ship in Red Sea

A suspected missile attack by Yemen's Houthi rebels targeted a container ship in the Red Sea on Monday, authorities said, the latest assault in their campaign against international shipping in the crucial maritime route. The attack happened off the coast of Mokha, Yemen, the British military's United Kingdom Maritime Trade Operations center said, without offering any other immediate details. It urged vessels to exercise caution in the area. The private security firm Ambrey said a salvo of three missiles targeted a Malta-flagged container ship traveling from Djibouti onward to Jeddah, Saudi Arabia. The vessel was targeted due to its listed operator's ongoing trade with Israel, Ambrey said. CMA CGM, a Marseille, France-based shipper, had its Malta-flagged CMA CGM Manta Ray due to sail to Jeddah from Djibouti on Monday. However, the shipper said the vessel remained at harbor in Djibouti and could not have been targeted in the incident. The Houthis did not immediately acknowledge any

CII asks startups to keep their valuations 'as realistic as possible'

It further stated that the start-up should be maintained as a separate legal entity with the organisation's assets distinct from the founders' assets

Loved ones await recovery of 2 bodies from Baltimore bridge wreckage

A wooden cross is laden with Miguel Luna's personal belongings his construction uniform and work boots, a family photo, the flag of his native El Salvador but his body remains missing after the collapse of the Francis Scott Key Bridge. More than a month has passed since six members of a roadwork crew plunged to their deaths when a container ship lost power and crashed into one of the bridge's supporting columns. Four bodies have been recovered, but Luna and another worker, Jose Mynor Lopez, have not been found. They were all Latino immigrants who came to the United States from Mexico, Guatemala, El Salvador and Honduras. They were fathers and husbands, brothers and grandfathers. They shared a common dream and a determination to achieve it. In an effort to honour their lives and their work, Baltimore County's close-knit Latino community has constructed an elaborate memorial near the south end of the bridge. It includes decorated wooden crosses, a painted canvas backdrop, bunches of

Baltimore leaders accuse ship's owner of negligence in bridge collapse

The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore's mayor and city council. The two companies filed a petition soon after the March 26 collapse asking a court to cap their liability under a pre-Civil War provision of an 1851 maritime law a routine but important procedure for such cases. A federal court in Maryland will ultimately decide who's responsible and how much they owe in what could become one of the most expensive maritime disasters in history. Singapore-based Grace Ocean Private Ltd. owns the Dali, the vessel that veered off course and slammed into the bridge. Synergy Marine Pte Ltd., also based in Singapore, is the ship's manager. In their filing Monday, attorneys for the city accused them of negligence, arguing the companies should have realised the Dali was unfit for its voyage and manned the ship wi

Temporary channel opens for vessels to Baltimore port after bridge collapse

A third temporary channel for boats to enter and depart the Port of Baltimore has opened, expanding further shipping access as collapsed sections of the Francis Scott Key Bridge are salvaged before the span can ultimately be rebuilt. The alternate channel, located to the northeast of the fallen bridge, is open to commercially essential vessels, port officials announced late Friday. The new temporary path, with a controlling depth of 20 feet (6.1 meters), a horizontal clearance of 300 feet (91.4 meters) and a vertical clearance of 135 feet (41.2 meters), allows a greater variety of vessels to access the port while crews work to reopen the main channel, Coast Guard and port Capt. David O'Connell said in a news release. With the new channel open, about 15% of pre-collapse commercial activity will resume, O'Connell said. The first temporary channel opened April 1. The bridge collapsed early March 26 after it was struck by the cargo ship Dali. Officials hope to open a channel by the end

Baltimore bridge collapse: Crews to remove debris from ship's deck

Salvage crews at the site of the collapsed Francis Scott Key Bridge in Baltimore are turning their focus to the thousands of tons of debris sitting atop the Dali, a massive cargo ship that veered off course and caused the deadly catastrophe last month. An estimated 3,000 to 4,000 tons of steel and concrete landed on the ship's deck after it crashed into one of the bridge's supporting columns and toppled the span, officials said at a news conference Friday. Crews will have to remove all that before refloating the stationary ship and guiding it back into the Port of Baltimore. Officials displayed overhead photos of the ship with an entire section of fallen roadway crushing its bow. So far, cranes have lifted about 120 containers from the Dali, with another 20 to go before workers can build a staging area and begin removing pieces of the mangled steel and crumbling concrete. The ship was laden with about 4,000 containers and headed for Sri Lanka when it lost power shortly after leaving