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- Massive Blaze as Cargo Ship Explodes Off Baltimore đ„
Massive Blaze as Cargo Ship Explodes Off Baltimore đ„
Welcome to all our new subscribers and a warm âAhoyâ to our loyal readers. Another new week, let's take a look đ
In todayâs email:
Coal Fire: đ„ Liberian cargo ship erupts near Baltimoreâs Key Bridge.
Dam Disasters: đ Epic failures caught on camera worldwide.
Freight Scam: đŠ Man sentenced in California for nationwide shipping fraud scheme.
Shipping Blues: â Sovcomflot posts $393M loss amid new Western sanctions.
SHIPPING NEWS
Baltimore Coal Ship Erupts in Fire Near Key Bridge
A Liberian-flagged bulk cargo ship, the W Sapphire, erupted into flames near Baltimoreâs Francis Scott Key Bridgeârecently the site of a major structural collapse. The vessel, loaded with coal and en route to Port Louis, Mauritius after departing Baltimore, became engulfed in smoke and fire, prompting widespread concern about a potential explosion. Fortunately, officials later confirmed the blaze was fully contained with no casualties.
Fire crews responded swiftlyâincluding fireboatsâand successfully extinguished the under-deck fire. Authorities moved the vessel away from the harbor to ensure safety, and confirmed that damage was limited to the ship itself, with no harm to port infrastructure or personnel.
Local witnesses captured dramatic footage of the incident. One sailor recounted hearing âa huge explosion,â and observed a towering plume of smoke rising above the ship. Crewmembers aboard the W Sapphire reportedly feared further explosions, though rescue and containment operations progressed efficiently.
This latest emergency comes as Baltimore continues to recover from the Key Bridge disaster and other recent industrial accidents. The port remains operational, but the episode is a stark reminder of how quickly risks can escalate when handling bulk cargoes such as coal.
VIDEO OF THE WEEK
Epic Dam failures caught on camera
Nothing deep this week just 9 major dam, spillway, and hydroelectric failures worldwide: Banqiao, St. Francis, Vajont, Machhu II, SayanoâShushenskaya, Kegworth, Oroville, Malpasset, and Tokwe Mukorsiâtragic events highlighting engineering risks and consequences.
TRADE SNIPPETS
California man sentenced in nationwide shipping fraud scheme. A California man has been sentenced for orchestrating a nationwide shipping fraud scheme, manipulating logistics systems to secure fraudulent refunds and cause millions in losses. He faces prison time and restitution orders.
Russian shipping giant Sovcomflot no longer profitable under new sanctions. Sovcomflot, Russiaâs largest tanker operator, slumped to a $393 million net loss in Q1âŻ2025 as Western sanctions idled vessels and slashed revenuesâmarking a sharp decline in profitability.
Cheap Chinese imports flood Europe as US tariffs redirect trade. A surge in lowâcost Chinese goodsâsome with shipments up over 20Ă and prices plummeting by up to 95%âis overwhelming European markets after US tariffs rerouted supply chains toward the EU.
Africaâs richest country sees farm exports to US jump 26% before tariff hit. South Africaâs farm exports to the U.S. surged 26% in Q2 2025, but a looming 30% tariff threatens to curb future growth and strain agricultural trade ties.
Big investors are buying this âunlistedâ stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. Thatâs why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.
Paid advertisement for Pacasoâs Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
CLIPS ON âXâ
The insane curvature of an aircraft carrier, and why it doesn't tip over
â non aesthetic things (@PicturesFoIder)
9:03 PM âą Aug 5, 2025
LETS MEME

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