#Maritime

Ocean freight rates steady despite Baltimore bridge collapse

The March 26 collapse of the Francis Scott Key Bridge in Baltimore has significantly disrupted U.S. East Coast supply chains. However, ocean freight container shipping rates have remained relatively stable, according to Xeneta, an ocean freight rate benchmarking and intelligence platform.

Xeneta’s data reveals that average spot rates from the Far East to the East Coast, including Baltimore, have fallen by 1% since the bridge collapse, standing at $5,421 per forty-foot equivalent unit. When...

https://www.freightwaves.com/news/ocean-freight-rates-steady-despite-baltimore-bridge-collapse

Rerouting trucks and ships away from Baltimore: What early data shows

As the days add up after the March 26 collapse of the Francis Scott Key Bridge, companies that gather data from trucks and supply chains are beginning to get an idea of where trucks are rerouting in the catastrophe’s wake. Data on ship rerouting is less conclusive.

While some of that data is clear, a lot remains murky as shippers and carriers figure out how to loosen the logistical choke points the collapse created.

One of the clearest data series in the market, because it is fed by decisions...

https://www.freightwaves.com/news/rerouting-trucks-and-ships-away-from-baltimore-what-early-data-shows

Demand shocks keeping aging fleet afloat, argue shipowners

Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council (BIMCO). 

BIMCO — a trade group representing shipowners — states that capacity has been overtaxed by the Red Sea crisis, which has forced shipping lines to take a longer route around Africa’s Cape of Good Hope. Prior to the emergence of this latest choke point, BIMCO points to the impact of Western sanctions on Russian oil and coal, which similarly stressed tanker and...

https://www.freightwaves.com/news/demand-shocks-keeping-aging-fleet-afloat-argue-shipowners

236 Tatiana Liperti, Content Writer for the maritime industry

Advice on marketing – how to become an influencer and attract new clients

Let’s craft compelling content for your business to boost your visibility on LinkedIn. That’s Tatiana Lipertis‘ mission; she knows how to build your brand on LinkedIn.

Tatiana is a Content Writer for the maritime industry, and she has 11,000+ followers on that social media platform. In this episode, we discuss how and why the maritime people are not as eager to get involved as other people we know. We also discuss the...

https://shippingpodcast.com/236-tatiana-liperti-content-writer-for-the-maritime-industry/

FMC fears glut of container fee disputes after Baltimore bridge collapse

WASHINGTON — Federal regulators are bracing for disputes over container fees caused by routing cancellations in the wake of the Francis Scott Key Bridge collapse.

Shortly after the collapse early on March 26 that closed the Port of Baltimore, MSC, the world’s largest ocean carrier, advised customers that containers en route to the port would be diverted for unloading at alternate U.S. East Coast ports, and that the carriage contract would be declared terminated at the alternate port instead of...

https://www.freightwaves.com/news/fmc-fears-glut-of-container-fee-disputes-after-baltimore-bridge-collapse

Trans-Pacific container rates plunge again

Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year.

The Freightos Baltic Daily Index spot rate for China to the West Coast of North America fell from $3,620 per forty-foot equivalent unit to $2,976 per FEU this week, a drop of 17.8%. The rate has come down more than 36% since March 1 as steamship line networks have adjusted and capacity has loosened...

https://www.freightwaves.com/news/trans-pacific-container-rates-plunge-again

Dali owner, manager seek to cap liability in Baltimore bridge collapse

The owner and operator of the Dali, the cargo ship that struck the Francis Scott Key Bridge in Baltimore, are asking a federal court to limit their liability in the disaster that collapsed the bridge and killed six people.

Grace Ocean, the owner of the Singapore-flagged Dali, and Synergy Marine, the manager of the ship, filed a joint petition Monday in the U.S. District Court for the District of Maryland seeking to cap liability at about $43.7 million. The Dali, which was carrying about 4,700...

https://www.freightwaves.com/news/dali-owner-manager-seek-to-cap-liability-in-baltimore-bridge-collapse

Port of Baltimore calamity shows supply chain’s vulnerabilities

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Companies continue to make their supply chains more resilient to respond very quickly to supply chain disruptions. Some disruptions can be modeled or even predicted in some cases. But others are hard to predict and show that even with all the technology and process improvements in the world, supply chains remain vulnerable.

We’ve seen this over...

https://www.freightwaves.com/news/port-of-baltimore-calamity-shows-supply-chains-vulnerabilities

Red Sea crisis nears boiling point, unable to heat up spot rates

Russian warships entered the Red Sea last Thursday, for what the Russian Pacific Fleet’s press service has stated was the performance of “assigned tasks within the framework of the long-range sea campaign.” This intentional vagueness has invited no small amount of speculation as to the ships’ true objectives.

Theories range from retaliatory pressure on Israel, which decided in late February to co-sponsor a United Nations resolution condemning Russia’s invasion of Ukraine, to supporting...

https://www.freightwaves.com/news/red-sea-crisis-nears-boiling-point-unable-to-heat-up-spot-rates

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