Dry Bulk Demand Pushed the Market Higher During the First Half of 2024
A combination of strong demand and low tonnage supply has triggered a dry bulk market upside during the first half…
Salvage Crews Wait for Heavy Weather to Subside to Board Grounded Bulker
Salvage teams working to prevent an oil leak and pollution from the grounded Ultrabulk vessel Ultra Galaxy are waiting for…
FMC Defers Approval of Maersk-Hapag Cooperation for Competitive Review
The U.S. Federal Maritime Commission on Friday, July 12, reported that it is deferring its review and approval of the…
India Opens Vizhinjam Transshipment Port with Arrival of Maersk Ship
India’s first new deep-water port designed to facilitate the transshipment of containers celebrated its opening today as the first vessel,…
IMB: Violence Against Crew on the Rise Amidst Drop in Piracy
The safety of crews on merchant ships is increasingly becoming a major concern owing to the rise in violent attacks…
CBP Recovers Over 1,300 Stolen Cars Being Smuggled Overseas from U.S. Ports
U.S. Customs and Border Protection is reporting a strong increase in the recovery of stolen vehicles being smuggled out of…
US Imports Remain High With Signs of Softening of Container Spot Prices
Container import volumes remain strong at U.S. ports and significantly ahead of 2023 levels despite the first signs of softening…
MARAD Awards Grants to 15 Small Shipyards to Boost Productivity and Jobs
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $8.75 million in grant awards to 15 small shipyards in 12…
California Invests $27 Million in Port Data System Development
The California Governor’s Office of Business and Economic Development (GO-Biz) today announced the award of $27 million to support data…
US resilience continues to be challenged
The half-time review Back in December, we were forecasting a swift slowdown in US growth that would allow inflation to…