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Ocean Transportation: Page 56

Drought Shrivels Mississippi River, Threatens to Disrupt U.S. Food Exports

Dry conditions across the Ohio River basin, which feeds the Mississippi, have worsened already-low water levels at the large river.

Low water levels on the Mississippi River in Memphis, Tennessee. Photo: Houston Cofield/Bloomberg

ILA Says Negotiating Parties are 'Very Far Apart' Ahead of Port Strike Deadline

The ILA is wrapping up a two-day "marathon" of meetings, where it's preparing its members for the possibility of an impending work stoppage.

Photo: iStock / Edgar Feliz

Sourcing from the Americas Now the Focus of U.S. Importers, Survey Says

Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.

Photo: iStock.com/buradaki

EU Responders Say it's Unsafe to Tow Burning Oil Tanker in Red Sea

Oil has yet to leak out of the vessel, but U.S. military leaders estimate that the Sounion could spill four times as much oil as the Exxon Valdez.

Fires burning aboard the Greek-flagged MV Sounion in the Red Sea. Photo: EUNAVFOR Aspides

Container Carrier Profits Soar on Record Volumes, Higher Rates

Demand has been especially strong in the U.S., where retailers and other importers are stocking up at warehouses amid worries about new tariffs a possible dockworkers strike.

A container ship at the Port of Felixstowe. Photographer: Chris Ratcliffe/Bloomberg

Maryland Awards $73M Contract to Start Rebuilding Collapsed Baltimore Bridge

The M/V Dali crashed in the Key Bridge on March 26, killing six maintenance workers and sending the bridge into Baltimore's main shipping channel in pieces.

The wreckage of the Dali container ship. Photo: David Adams, U.S. Army Corps of Engineers

Port of Portland Delivers Plan to Keep Container Service Running at Crucial Terminal

The port had announced plans in April to shut down container intake at T6 by October, after the terminal experienced $30 million in losses over three years.

Photo: Port of Portland

U.S. Warns Leaking Tanker Poses Growing Red Sea Pollution Risk

The 900-foot Sounion was hauling 150,000 tons of dense Iraqi crude oil when it was disabled by Houthi militants.

Fires onboard the Sounion, a Greek-flagged oil tanker. Yemen's Houthi group claimed responsibility for an attack targeting the vessel with an explosive-laden drone. (Photo by Houthi Media Center via Getty Images)

Indian Port Workers Agree to Deal on Eve of Planned Strike

The union representing 20,000 workers at India's 12 major shipping hubs had initially planned to go on strike indefinitely on August 28.

India's Port of Mumbai. Photo: iStock / mgstudyo

Walmart Offers Third-Party Fulfillment

The move means Walmart could redefine the e-commerce logistics landscape, offering an alternative to Amazon's Fulfillment by Amazon service.

East San Francisco Bay Area. November 2020. Photo: iStock.com/Sundry Photography

Panama Canal Eases Limits That Caused Global Shipping Bottleneck

The Panama Canal Authority has increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit.

Several freighters, assisted by tugboats, entering the Panama Canal at Gatun Locks on the Atlantic side. Photo: iStock / searagen

Are Container Freight Contract Derivatives Finally the Solution to Market Volatility?

Index-linked contracts combined with derivatives could actually create a completely predictable freight rate environment. Perhaps.

Image: iStock/z_wei

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Recycled Tagging Fasteners: Small Changes Make a Big Impact

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