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Commentary: Navigating risk
After the chaos of the pandemic years, 2023 brought a sense of normalcy and familiar market dynamics. By December, however, the industry was reminded of the fragility of global trade. Low water levels constrained transits at the Panama Canal, and the Suez Canal became virtually impassible by global container carriers due to terrorist attacks. As […]
Crisis in Baltimore
Since the March 26 container ship collision that collapsed the Francis Scott Key Bridge in Baltimore, ships previously bound for the Port of Baltimore have been diverted to other ports, including the Port of Virginia. The Singapore-flagged container vessel Dali hit the Key Bridge at about 1:30 a.m. March 26 after issuing a mayday following […]
Transportation 2023: WILLIAM E. ‘BILL’ WOODHOUR
Woodhour has spent 32 years with Maersk Line, starting in sales and marketing, working his way up to president and CEO in 2016. Maersk Line is the Virginia-based U.S. arm of Danish shipping giant A.P. Møller-Mærsk, founded in 1983 to support the Navy. With offices in Norfolk and Dulles, it specializes in providing transportation, ship […]
