The collapse of the Francis Scott Key Bridge on Tuesday after it was struck by a container ship has disrupted the Port of Baltimore’s container shipping services, which will impact the economy of the city and beyond, analysts said.
Tag: cargo
U.S. Safety Firm Withdraws Certification for Two Oil Tankers Over Iran Sanctions
According to documents obtained by Reuters, two tankers had their environmental and safety certification revoked by a U.S. company that provides such certification, following accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil. Countries targeted by tougher US sanctions, such as Iran and Venezuela, have responded with elaborate strategies to… Continue reading U.S. Safety Firm Withdraws Certification for Two Oil Tankers Over Iran Sanctions
Southern California Ports Struggle to Trim Cargo Backlog as Omicron Surges
As infections among Southern California dockworkers rise, the Covid-19 Omicron variant is impeding efforts to clear a backlog of about 100 container ships at the nation’s busiest port complex. According to the Pacific Maritime Association, approximately 800 dockworkers—roughly one-tenth of the daily workforce at the ports of Los Angeles and Long Beach—were unavailable for Covid-related… Continue reading Southern California Ports Struggle to Trim Cargo Backlog as Omicron Surges
Supply-Chain Disruption Hits Production of Trailers Required to Haul Goods
Parts and labor shortages are crimping production at truck-trailer factories, undermining trucking companies’ efforts to expand capacity in a constrained freight transport market. According to transportation data provider ACT Research, manufacturers produced 25% more dry vans—the most common type of semitrailer used to haul goods—in 2019 than they do now, and industry turnaround times for… Continue reading Supply-Chain Disruption Hits Production of Trailers Required to Haul Goods
Trade Credit Insurance Freeze Snarls U.S. Supply Chains
An obscure part of the insurance industry that helps commodities flow smoothly around the world is seizing up, presenting another obstacle to the U.S. economy’s fitful recovery. Trade-credit insurance, a financial tool that protects trade, has been severely cut back for U.S. companies, say insurance executives, brokers and policyholders. Companies are often reluctant to move… Continue reading Trade Credit Insurance Freeze Snarls U.S. Supply Chains
COVID-19 Confirmed on Gjertrud Maersk
The Gjertrud Maersk has become what is believed to be the first container ship in the world reported to carry the coronavirus. Seven crew members were evacuated from the vessel in Ningbo, China, on Thursday. “One of the seafarers has been diagnosed with COVID-19 and four seafarers are asymptomatic infected individuals. The other two tested… Continue reading COVID-19 Confirmed on Gjertrud Maersk