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Crane barge arriving at Baltimore bridge tonight

  • : Agriculture, Coal, Coking coal, Fertilizers, Freight, Metals, Oil products, Petroleum coke
  • 24/03/28

The first major piece of equipment capable of beginning to clear the blocked Port of Baltimore, Maryland, is expected to arrive onsite tonight.

The Chesapeake 1000 crane barge, capable of lifting 1,000 short tons with its a 231ft-long boom, is expected to arrive at the site of the collapsed Francis Scott Key Bridge near Baltimore at 11pm ET on 28 March, the US Coast Guard (USCG) told Argus.

Both the crane and the tug pulling it, Atlantic Enterprise, are owned by Donjon Marine. It is currently the only crane on route to the collapsed bridge, the USCG said.

There is no official timetable for the reopening of the port after the Interstate 695 highway bridge over the Patapsco River was hit in the early hours of 26 March by a container ship and collapsed, with the debris and ship blocking the waterway.

The operator of the ship, Maersk, has contracted with marine salvage company Resolve Marine to refloat the vessel and remove it from the area, according to the USCG. It is not clear who has contracted for the Chesapeake 1000.

Despite the inbound crane, it could take weeks or even months to clear debris and reopen the waterway under the collapsed bridge according to a engineering professor at the nearby Johns Hopkins University.


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25/05/07

Asian airlines divert, cancel flights to avoid Pakistan

Asian airlines divert, cancel flights to avoid Pakistan

Singapore, 7 May (Argus) — Asian airlines have announced diversions or cancellation of flights to avoid the Pakistani airspace, against the backdrop of escalating tensions between India and Pakistan. Most regional airlines' flights have been avoiding the airspace above Pakistan and neighboring west India regions since 6 May, according to data from FlightRadar24. Just a handful of flights flew over Pakistan shortly after Pakistan's Airports Authority issued a safety notice to pilots, known as Notam, announcing the reopening of airspace over Lahore and Karachi on 7 May. Pakistan announced a 48-hour closure of its airspace on 6 May, suspending all domestic and international flights following India's attacks on nine targets in Pakistan . India's flag carrier Air India has cancelled all its flights to and from domestic stations including Jammu, Srinagar, Leh, Jodhpur, Amrisar, Bhuj, Jamnagar, Chandigarh and Rajkot, until at least noon of 7 May. Singapore Airlines Group's Singapore Airlines (SIA) and budget arm Scoot have also been avoiding Pakistani airspace and using alternative flight paths since 6 May, according to the group. Two major Taiwanese airlines also announced their protocols in response to the situation. Taiwan's Eva Air said on 7 May that flights to and from Europe region might be influenced because of the closure of Pakistan's airspace. Fellow Taiwanese airline China Airlines have also cancelled or diverted at least six flights between Taiwan and Europe since 6 May in response to the escalating tensions. Escalating conflicts could cause prolonged disruptions on flight schedules between the Middle East and Pakistan, as well as between Asia and Europe. This comes at a time when regional airlines are already negatively impacted by flight disruptions in the Middle East . Pakistan is a typical jet fuel importer in South Asia. The country has imported around 6,600 b/d jet fuel in the first quarter of 2025, according to Pakistan's Oil Companies Advisory Council (OCAC). Pakistan's state-owned PSO has a market share of 99pc of the country's jet fuel market. By Lu Yawen Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Scorpio Tankers' profits plunge in January-March


25/05/07
25/05/07

Scorpio Tankers' profits plunge in January-March

Singapore, 7 May (Argus) — New York-listed shipowner Scorpio Tankers' net income and time charter equivalent (TCE) revenue plunged by 76pc on the year in January-March, because of lower average daily TCE rates and a reduced fleet size. Scorpio's adjusted net income was at $49mn in the first quarter, down sharply from $206.6mn in the first quarter of 2024. The TCE rate for Scorpio's fleet decreased to $23,971/d in January-March from $39,660/d a year earlier. The company projects the TCE rate for the second quarter at $26,139/d. The company in early 2024 reported favourable market conditions, because of rising consumption and high export volumes. Disruptions in the Red Sea had prompted much of the global shipping fleet to divert around the Cape of Good Hope, and this rerouting significantly boosted tonne-mile demand. This boosted average daily spot TCE rates for the company's Long Range 2 (LR2) vessels, which are primarily used for these extended routes, to record highs during the first quarter of 2024. Red Sea transits remained limited throughout 2024, but global refined oil product supply chains adjusted, so tonne-mile demand fell to more typical levels during the second half of 2024 and into early 2025, according to Scorpio Tankers. Concurrently, refinery maintenances took place earlier than usual, peaking in February and March, which contributed to a drop in refined product exports. The company also said the average number of vessels operated was 99 during the three months ending 31 March, down from 110.9 during the same period in 2024. This contributed to Scorpio Tankers' lower TCE revenues in the first quarter of 2025. Scorpio's fleet consists of 99 ships, comprising 38 LR2 vessels, 47 Medium Range (MR) ships and 14 Handymaxes. The fleet's weighted average age is approximately 9 years. By Sureka Elangovan and Lisa Cheng Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

India's Hindalco buys Jordanian DAP at $719.50/t cfr


25/05/07
25/05/07

India's Hindalco buys Jordanian DAP at $719.50/t cfr

London, 7 May (Argus) — Indian fertilizer importer Hindalco has bought 45,000t of Jordanian DAP at $719.50/t cfr from a trading firm. The cargo will ship from Aqaba in early June, destined for India's west coast. The price is almost $20/t higher than Saudi Arabian producer Ma'aden's sale of 50,000t of DAP each to Indian importers Indian Potash (IPL) and Coromandel (CIL), reported earlier this week . There are no days of credit included in the concluded price. The trading firm probably bought the cargo at around $696/t fob for loading at the end of this month. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

India launches attacks on Pakistan


25/05/06
25/05/06

India launches attacks on Pakistan

Houston, 6 May (Argus) — India's military said it launched attacks today against nine targets in Pakistan and Pakistan-occupied Jammu and Kashmir in retaliation for an April terrorist attack that killed dozens. India's ministry of defense said its strikes were a "precise and restrained response" to a 22 April incident near Pahalgam in Kashmir where 26 tourists were killed. They were focused on "terrorist infrastructure sites", the ministry said on the social media site X in a post Tuesday at 4:49pm ET. "Importantly, no Pakistani military facilities were hit, reflecting India's calibrated and non-escalatory approach," the ministry said. The government of Pakistan said on its own X account that five sites had been hit in the attacks. "Pakistan has every right to respond forcefully to this act of war imposed by India, and a forceful response is being given," the Pakistan government wrote. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump unlikely to lift tariffs on Canada


25/05/06
25/05/06

Trump unlikely to lift tariffs on Canada

Washington, 6 May (Argus) — President Donald Trump suggested today he would not lift tariffs on imports from Canada and told Canadian prime minister Mark Carney that the US-Canada-Mexico (USMCA) free trade agreement needs to be renegotiated. Trump, who hosted Carney at the White House today, told reporters that there was nothing Canada's leader could tell him to change his mind on stiff tariffs he imposed on Canadian steel, aluminum, cars and auto parts. "It's just the way it is," Trump said. While Trump has altered his tariff levels repeatedly, his administration has imposed a 25pc tariff on Canada-sourced steel and aluminum, and a 25pc tariff on some cars and autoparts imported from Canada. Any product that qualifies for duty-free treatment under the USMCA is exempt from tariffs Trump imposed. The 10pc tariff Trump imposed on Canadian crude and other energy imports only lasted from 4-7 March, causing turmoil in North American energy markets. But even the remaining tariffs are a significant hindrance for the integrated North American auto industry, executives in Canada and the US have said. Trump today described the USMCA, which he negotiated during his first administration, as merely a "transitional deal" and suggested that it could be either terminated or renegotiated completely. The USMCA includes a provision calling for it to be reviewed by all three countries in 2026. The existing free trade agreement is "a basis for broader negotiations," Carney said, adding that "some things about it are going to have to change." Carney made his first trip to Washington just a week after winning the 28 April parliamentary election, following a campaign centered around his opposition to Trump's policies. Trump and Carney offered polite compliments to each other, but there was little visible chemistry between the two men. Trump doubled down on his suggestion that Canada could become the 51st US state, prompting Carney to tell him that "as you know from real estate, there are some places that are never for sale." "Having met with the owners of Canada over the course of the campaign in the last several months, it's not for sale," Carney said. "Never say never", Trump retorted. Trump also repeated his past claims that "we don't do much business with Canada. From our standpoint, they do a lot of business with us." "We are the largest client of the United States," said Carney. "We have a tremendous auto sector between the two of us." By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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