A U.S. delegation led by Andrew Peek and Michael Anton is pushing for a ceasefire in the Black Sea and an end to the war in Ukraine. Talks with Russian officials focus on maritime ceasefire, verification measures, and peacekeeping efforts. Despite ongoing strikes, efforts are being made to achieve a comprehensive ceasefire agreement by April 20.
The iconic SS United States arrived in Mobile, Alabama, ahead of schedule after being towed from Philadelphia. The vessel will be converted into the world’s largest artificial reef. Captain Mike Vinik reported a smooth journey, providing thrilling views for spectators along the coast. The project’s next phase involves extensive stripping and cleaning.
The Bureau of Safety and Environmental Enforcement (BSEE) has introduced new regulations for offshore drillers in the U.S., allowing them to operate at extreme underwater pressures and access vast untapped oil reserves. These regulations aim to enhance safety and clarity in the industry as operators shift towards deepwater assets for lower costs and emissions.
Experts caution that a potential strike by 45,000 longshoremen at East Coast and Gulf seaports could disrupt cargo traffic for weeks or even months. Major retailers like Walmart are rushing to import goods before the September 30 deadline. Shipping costs are skyrocketing amid fears of significant supply chain disruptions.
The USA and allies are escalating efforts to curb Houthi militia attacks, risking a peace agreement in Yemen. Blocking income sources, including funds from Saudi Arabia, could derail the UN plan. The Central Bank of Yemen is acting against Houthi-controlled banks, sparking tensions and potential economic repercussions in the region.
The Houthi militias allege a deadly airstrike by the US and UK in Yemen, resulting in 16 deaths. In response, they claimed attacking the US aircraft carrier, which was debunked by a US Defense official. Despite regular Houthi attacks on warships this year, none have been successful. Ongoing conflict disrupts global trade.
The refloat and transit of the stricken Dali containership to a Baltimore terminal is scheduled for Monday morning. Conditions are optimal for the 9,962 teu ship to move at high tide. The crew, stuck onboard for nearly two months, are in good health and receiving support from the vessel’s manager.
The Panama Canal is discussing increased demand for transit with U.S. LNG producers as water levels recover. Daily crossings were limited last year due to low water levels, prompting consideration of future options. The canal may change slot allocations to accommodate more LNG customers as tensions ease.
A 948-foot container ship collided with a four-lane bridge in the US port of Baltimore, causing it to collapse. Several vehicles and people fell into the Patapsco River below. Rescuers pulled out two survivors, with more missing. The ship’s crew, all Indian, are safe. The cause of the incident is under investigation.
Houthi fighters and their Iranian backers are preparing for a protracted confrontation with the US and its allies around the Red Sea, regardless of the outcome of the war between Israel and Hamas. The Yemen-based group is bolstering its military and defense capabilities to continue attacking ships around the vital waterway, according to several people familiar with the situation.
AMA Capital Partners and Skysail Advisors have formed a joint venture, combining their expertise in maritime technology and capital markets. Evangelos Efstathiou, founder of Skysail, sees a great opportunity to leverage AMA’s maritime capital markets expertise with Skysail’s market intelligence and advisory services. The partnership will operate out of AMA’s Stamford, Connecticut office and Skysail’s Boston, Massachusetts office.
