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Temporary channel opening soon at Baltimore harbor

  • Spanish Market: Agriculture, Coal, Fertilizers, Freight, Metals
  • 01/04/24

Authorities at the site of the collapsed bridge in Baltimore, Maryland, are preparing to open a temporary alternate channel for "commercially essential" vessels to pass through the blocked waterway.

The 11-ft deep, 264-ft wide channel will be to the north of the containership Dali, which struck the bridge early on 26 March when it lost power, leading to its deadly collapse, according to the federal Unified Command handling the accident response. While the channel would be deep enough for some types of cargo-laden barges, it will most likely be used for smaller craft and those taking part in salvage operations.

"This will mark an important first step along the road to reopening the port of Baltimore," said David O'Connell, the federal on-scene coordinator. "By opening this alternate route, we will support the flow of marine traffic into Baltimore."

While no official timetable to reopen the port to regular traffic has been given so far, experts say it could take many weeks to months.

The Frances Scott Key Bridge was closed to vehicle traffic shortly before it collapsed when crew members on the Dali warned local authorities of the impending collision, but six construction workers on the bridge at the time are presumed dead.

Demolition crews began removing sections of the collapsed bridge over the weekend. The bridge's north section is being cut into smaller parts that can be removed by barge-mounted cranes. A roughly 4,000-ton section of the bridge, which rests on top of the ship, will also need to be removed before the vessel can be moved.

The port is the busiest in the US for automobile shipments and carmakers are adjusting supply routes for what is likely to be a lengthy closure. Coal exporters are expected to shift to terminals south in Hampton Roads, Virginia, while other commodities such as asphalt and caustic soda that move through the port may also face challenges.


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Nippon Steel condemns Biden move to block US Steel bid


03/01/25
03/01/25

Nippon Steel condemns Biden move to block US Steel bid

Tokyo, 4 January (Argus) — Japanese firm Nippon Steel has condemned President Joe Biden's decision to block its proposed $15bn acquisition of US Steel citing national security concerns arising from a Japanese company owning a major US steelmaker. The US president has "sacrificed the future of American steelworkers for his own political agenda", Nippon Steel said. "It is clear that the CFIUS (committee on foreign investment in the United States) process was deeply corrupted by politics and the outcome was pre-determined to satisfy the political objectives of the Biden administration," Nippon Steel added. The company pledged to save the deal by "taking all appropriate action to protect our legal rights". Nippon Steel warned that Biden's decision sends a chilling message to any company based in a US-allied country contemplating significant investment in the US. "It is shocking and deeply troubling that the US government would reject a pro-competitive transaction that advances US interests and treat an ally like Japan in this way," the company said. Biden's decision is hard to understand and regrettable, especially given that it was made after consideration of US national security, Japan's trade and industry minister, Yoji Muto, said. Tokyo will seek to clarify with the Biden administration the decision-making process followed by the CFIUS, Muto added. Japan's trade and industry ministry (Meti) agrees with Nippon Steel that the transaction would contribute to sustaining steel production capacity and employment in the US economy, Muto said, adding that the acquisition would be of mutual benefit. "The deal is to promote collaboration on advanced technologies and increase the competitiveness of the US and the Japanese steel industry," he added. The Japanese government must take this matter seriously, Muto reiterated, given growing concern among Japanese industries regarding the future US-Japan investment climate. Japanese business federation Keidanren in September wrote an open letter to US treasury secretary Janet Yellen, who chairs the CFIUS, expressing concern about political pressure being brought to bear on the committee. By Yusuke Maekawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Abu Dhabi's Adnoc raises January sulphur price by $9/t


03/01/25
03/01/25

Abu Dhabi's Adnoc raises January sulphur price by $9/t

London, 3 January (Argus) — Abu Dhabi's state-owned Adnoc set its January official sulphur selling price (OSP) for the Indian subcontinent at $174/t fob Ruwais, up by $9/t from its December OSP of $165/t fob. Adnoc's January OSP implies a delivered price of $191-193/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India having last been assessed at $17-19/t on 19 December. The announced OSP fob price has risen by $97/t in the space of a year, from $77/t fob Ruwais in January last year. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brasil busca leilão de hidrovias e terminais portuários


03/01/25
03/01/25

Brasil busca leilão de hidrovias e terminais portuários

Sao Paulo, 3 January (Argus) — O governo federal planeja uma série de leilões de terminais portuários e hidrovias para 2025, totalizando R$8,5 bilhões. O Ministério de Portos e Aeroportos e a Agência Nacional de Transportes Aquaviários (Antaq) serão responsáveis pelos leilões, buscando parcerias público-privadas (PPPs) que aumentarão a eficiência e expandirão as opções de transporte do país. O Brasil espera realizar 21 leilões e uma concessão em 2025. Muitas áreas do país carecem de infraestrutura adequada para o transporte de grãos e fertilizantes e são altamente dependentes do transporte rodoviário para o fluxo de carga. Portos PAR14: O terminal do porto de Paranaguá, no Paraná, movimenta e armazena granéis vegetais sólidos, como soja, farelo de soja, açúcar, trigo e milho. O leilão está programado para o primeiro trimestre de 2025, com um investimento estimado de R$529,2 milhões e uma concessão de 35 anos. O terminal terá capacidade para movimentar 6,8 milhões de toneladas (t)/ano. PAR15: Esse outro terminal de Paranaguá se concentra na movimentação e armazenamento de granéis vegetais. O projeto prevê investimentos de R$293,2 milhões e terá capacidade para movimentar 4 milhões de t/ano. O período de concessão será de 35 anos e o leilão está programado para 21 de fevereiro. PAR25: Outro terminal em Paranaguá voltado para a movimentação e armazenamento de granéis vegetais. Com capacidade para movimentar 4,3 milhões de t/ano, espera-se que os investimentos cheguem a R$564,1 milhões. O terminal será concedido por 35 anos e o leilão está programado para o segundo trimestre. MCP01: Localizado no porto de Santana, no Amapá, movimenta granéis sólidos vegetais, especialmente madeira. O terminal foi objeto de um leilão realizado em 2018, mas nenhuma proposta foi apresentada e o projeto foi reavaliado. Um novo leilão está programado para o segundo trimestre, com investimentos esperados de R$84,6 milhões e um período de concessão de 25 anos. VDC29: Um terminal no porto de Vila do Conde, no Pará, com um investimento estimado de R$716 milhões. Terá capacidade para movimentar 7 milhões de t/ano, com foco na movimentação e armazenamento de granéis vegetais sólidos, especialmente soja e milho. O leilão está programado para o terceiro trimestre, com um prazo de concessão de 25 anos. POA26: No porto de Porto Alegre, no Rio Grande do Sul, será usado para movimentar e armazenar granéis sólidos vegetais e minerais. O período de concessão será de dez anos, com investimentos estimados em R$21,1 milhões. O leilão está programado para o terceiro trimestre. SSB01: O leilão desse terminal no porto de São Sebastião, em São Paulo, está programado para o quarto trimestre. O prazo da concessão será de 35 anos, com um investimento de R$544,8 milhões. Seu foco será a movimentação e o armazenamento de granéis sólidos vegetais e minerais, com uma capacidade estimada de 4,3 milhões de t/ano. IQI16: O terminal está localizado no porto do Itaqui, no Maranhão, com um leilão programado para o quarto trimestre. A área será dedicada ao armazenamento e movimentação de granéis minerais sólidos, especialmente fertilizantes. O período de concessão será de 25 anos, com um investimento estimado em R$63,9 milhões. Canal de acesso aos portos de Paranaguá e Antonina: O projeto de concessão da infraestrutura de acesso aquaviário aos portos do estado do Paraná é inédito no Brasil. O Capex é estimado em R$1,1 bilhão, com um prazo de concessão de 25 anos. O leilão está programado para o segundo trimestre. A concessão abrangerá as funções de administração portuária relacionadas à gestão da infraestrutura, expansão, manutenção e operação do canal de acesso aos portos do Paraná. Hidrovias Hidrovia do Rio Madeira: Importante para o transporte de grãos e combustíveis, tem uma extensão navegável de 1.075 km, ligando a cidade de Porto Velho, em Rondônia, a Itacoatiara, no Amazonas. A Hidrovia do Madeira movimentou mais de 10 milhões de t em 2023, mas pode movimentar mais de 25 milhões de t/ano, de acordo com a Antaq. Os termos do projeto de concessão ainda estão sendo desenvolvidos e o leilão está programado para o segundo trimestre, com um prazo de 10 a 20 anos. Hidrovia do Paraguai: A hidrovia é importante para o transporte de minério de ferro e soja. Tem 1.323 km de extensão e vai da cidade de Ponta Porã, em Mato Grosso do Sul, até a cidade de Cáceres, em Mato Grosso. A via movimentou mais de 7 milhões de t em 2023, com potencial para atingir mais de 25 milhões de t/ano, de acordo com a Antaq. A hidrovia também conecta o Brasil à Argentina, Uruguai e Paraguai. O modelo de leilão também está sendo desenvolvido e está programado para o quarto trimestre. O período de concessão seria de 10 a 20 anos. Por João Petrini Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2025. Argus Media group . Todos os direitos reservados.

Biden blocks Nippon Steel’s bid for US Steel


03/01/25
03/01/25

Biden blocks Nippon Steel’s bid for US Steel

Pittsburgh, 3 January (Argus) — President Joe Biden blocked Nippon Steel's proposed $15bn acquisition of US Steel today citing national security concerns with a Japanese company owning a major US steelmaker. Biden said evidence suggests that Nippon Steel "might take action that threatens to impair the national security of the US" if it owned US Steel. Nippon Steel, based in Tokyo, proposed buying US Steel in December 2023, outbidding other suitors, including US steelmaker Cleveland-Cliffs. US Steel corporate leadership said Nippon's investment would be the best way forward for the Pennsylvania company's aging integrated steel mills in Pittsburgh and northern Indiana. The United Steelworkers labor union opposed the sale to Nippon from the outset. US Steel shareholders approved the acquisition last year, but the merger became a political issue during the presidential election, which centered around Pennsylvania's electoral votes. Both Biden and president-elect Donald Trump vowed to block the sale of US Steel, which is among the top four US steelmakers, but no longer the powerhouse it was in the 20th century. Biden's move could have broader implications for foreign investment, in part because Japan is a staunch US ally in Asia. Nippon Steel did not immediately respond to a request for comment on its plans for the deal. Biden's statement today said Nippon must abandon the deal within 30 days. By James Marshall Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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