Container Shipping Rates Unaffected by Baltimore Key Bridge Collapse, Xeneta Says
The recent collapse of the Francis Scott Key Bridge in Baltimore has not led to an increase in ocean freight container shipping rates, according to ocean
Mike Schuler is the Managing Editor of gCaptain, where he has led editorial operations since June 2008. He oversees daily news coverage on global shipping, maritime security, offshore energy, and industry policy, and has built a reputation for delivering timely and insightful maritime news—often breaking key stories that influence industry discussions. Mike holds a Bachelor of Science in Business Administration with a focus on Financial Management from The Catholic University of America, and a certificate in Data Analytics and Visualization from the University of Arizona. Before joining gCaptain, he held positions at Intrawest Hospitality Management and Union Beer Distributors. His expertise spans supply chain and logistics, energy policy, global trade dynamics, and maritime security. Mike's reporting is known for its clarity, accuracy, and ability to explain complex maritime topics to broad audiences.
The recent collapse of the Francis Scott Key Bridge in Baltimore has not led to an increase in ocean freight container shipping rates, according to ocean
The 2024 Atlantic hurricane season is expected to be exceptionally active, according to researchers at Colorado State University. In their initial forecast,
Offshore wind developer Ørsted and Cadeler, a key supplier of offshore wind installation services, have entered into a long-term lease agreement for a
The U.S. Coast Guard icebreaker USCGC Polar Star and its crew have returned to the U.S. after a 138-day deployment to Antarctica. This year marked the Polar
European feeder shipping company X-Press Feeders, the world’s largest independent common carrier, has entered into a memorandum of understanding (MOU) with
In the wake of the Francis Scott Key Bridge collapse in Baltimore, Tradepoint Atlantic (TPA) is set to use an $8.26 million grant from the U.S. Department of
Ship recycling has plummeted to its lowest point in two decades as ships are kept in operation longer due to a combination of market shocks, strong demand, and
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against Oceanlink Maritime DMCC as part of an effort to disrupt
The United Kingdom Maritime Trade Operations (UKMTO) office reported an “electronic interference” incident involving a merchant ship in the Persian
South Korean ocean carrier HMM has inked a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG), China’s largest port operator, on
2023 proved to be a remarkable year for U.S. petroleum product exports, with propane leading the surge. The United States hit a new high in petroleum product
Roll-on/roll-off shipping company Wallenius Wilhelmsen has forecasted a financial impact ranging between $5 to $10 million due to the collapse of
Australia has successfully prosecuted a ship’s master and shipping company, Hong Kong-based Fu Ye Shipping, following a serious accident involving a ship’s
An accident involving a towing vessel striking the Natchez-Vidalia Bridge on the Mississippi River last year has been attributed to the complacency of a
The Biden Administration has given the green light to its eighth offshore wind project with the approval of the 2,600-megawatt New England Wind project located
By Rick Shema, CCM There has been much discussion regarding disruptions in maritime shipping through the Panama Canal primarily due to the drought
A group of California lawmakers led by Representative Michelle Steel has written a letter to Governor Gavin Newsom asking him to postpone the enforcement of a
Tokyo-based offshore floating platform expert, MODEC Inc. has announced being awarded the Front-End Engineering and Design (FEED) contract for a new Floating
The response to the collapse of the Francis Scott Key Bridge kicked into high gear on Friday, with significant resources and maritime assets arriving on scene
Chantier Davie Canada Inc., aka Davie Shipbuilding, has secured its first contract under Canada’s National Shipbuilding Strategy (NSS). The contract,
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