Dredging has begun to free a cargo ship stranded in the Chesapeake Bay for more than a week, the U.S. Coast Guard said Monday.
A salvage company began dredging around the 1,095-foot (334-meter) Ever Forward on Sunday and the work is expected to continue throughout the week, Coast Guard Petty Officer 3rd Class Breanna Centeno said in an email. The grounded vessel is stable, poses no pollution threat and isn't impacting Port of Baltimore operations, Centano said.
State and federal agencies have issued all permits, Maryland Port Administration Executive Director William P. Doyle tweeted. Doyle said dredged materials will be used to help rebuild an island off the Eastern Shore, Poplar Island, which has suffered from severe erosion.
The Ever Forward was headed from the Port of Baltimore to Norfolk, Virginia, on March 13 when it ran aground north of the Chesapeake Bay Bridge, the U.S. Coast Guard said. The ship operated by Taiwan-based Evergreen Marine Corp. became stranded outside the shipping channel and officials have said there were no reports of injuries, damage or pollution.
Evergreen said Friday that a plan to refloat the Ever Forward involves dredging the bay's muddy floor, releasing ballast to lighten the ship's load and using tugboats and the ship’s main engine to free the vessel.
The Coast Guard has said officials have not yet determined what caused the Ever Forward to run aground. The ship isn't blocking navigation in the channel, unlike last year's high-profile grounding in the Suez Canal of its sister vessel, the Ever Given, which disrupted the global supply chain for days.
Taking a look at investment strategy as the new year gets into full swing.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
After Donald Trump's victory at the Iowa caucus, Nikki Haley and DeSantis continue their campaigns as New Hampshire's primary looms.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
