Divers Recover Body in Baltimore
Unified Command dive teams have recovered the body of a missing person at the Key Bridge incident site in Baltimore.The recovered individual was identified as 38-year-old Maynor Yasir Suazo-Sandoval.Unified Command salvage dive teams located what they believed to be the missing construction worker and notified the Maryland Department of State Police. Maryland State Police Underwater Recovery Team deployedā¦
All FMC Statutes & Regulations in Full Effect Following Baltimore Bridge Collapse
The U.S. Federal Maritime Commission (FMC) on Friday issued a notice reminding regulated entities that all statutes administered by the agency remain in effect while disruption to regular service at the Port of Baltimore is causing many shippers to adjust supply chain operations.Common carriers and marine terminal operators (MTOs) must continue to comply with all statutory and regulatory requirements governing their operations, the FMC said.Demurrage and detention fees must be reasonable.
OpEd: Why the Wall Street Journal Got It Wrong and 74% of Their Poll Respondents Got It Right
A recent article in The Wall Street Journal claims that the assessment by 74% of poll respondents in election swing states who believe inflation moved in the wrong direction last year is incorrect. The piece went on to state that the respondentsā perceptions were ācontradicted by hard economic dataā.Like many of us, I just love āhard dataā, especially when itās āeconomicā.One great aspect of āhard dataā is that we must assume itās correct; otherwise, how could it be āhardā?
Baltic Dry Index Falls for Third Week
The Baltic Exchange's dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 41 points or 2.5% to 1,628 points, its lowest level in seven weeks.The index was down over 10% for the week.The capesize index was down by 80 points, or 3.4%, at 2,274.
Baltimore Can Use Grant to Boost Cargo Shipments
The U.S. Transportation Department on Friday said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo to Sparrows Point at the Port of Baltimore, which is outside the area affected by last weekās collapse of Baltimoreās Francis Scott Key Bridge and continuesā¦
Japanese Partner Up on Anti-Roll Tank Research for Large Containerships
ClassNK has signed a joint R&D agreement with Nihon Shipyard and IMC to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large containerships.Under the R&D agreement, Nihon Shipyard, IMC, and ClassNK will work together to expand the application of ART to large containerships.Utilizing the obtained data and knowledge, each party will collaborate to ensure the safer application of ART on an actual ship and performance evaluation.AS part of the partnershipā¦
MDL Assists Saipem on Gastradeās LNG Development Off Greece
Maritime Developments (MDL) has assisted Saipem in progressing an LNG project offshore Greece, which included work on the connection of Gastradeās Alexandroupolis floating storage regasification unit (FSRU) to the countryās gas transmission system.The project consisted of a FSRU and a mooring and pipeline system, connecting the floating unit to the Greek National Natural Gas Transmission System (NNGTS).An MDL flex-lay spread was used for the installation of two flexible risersā¦
SEACOR Marine Upgrades PSV with Hybrid Battery Power System
U.S.-based SEACOR Marine has completed the installation of a hybrid power system on its platform supply vessel (PSV) SEACOR Yangtze.Beginning in February 2024 in Norway, Kongsberg Maritime started the upgrade of the UT771 CDL SEACOR Yangtze with the Deckhouse Energy Storage System.The installation of the system has been completed, SEACOR Marine informed on April 4, 2024, adding to its fleet of hybrid battery-powered PSVs.To remind, SEACOR Marine announced it will convert four other of its PSVs t
MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation
Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero), Marubeni Corporation, Sojitz Corporation, and other partners.Built by Samsung Heavy Industries in South Korea, the Jawa Satu FSRU has a storage capacity of 170ā¦
