May 7, 2021
— No American boxport is among the top 50 most efficient in the world, a new study reveals, in another damning indictment on the lagging state of US maritime infrastructure. Released this week, the Container Port Performance Index 2020 (CPPI) ranks 351 of the world’s container ports based largely on dwell time, seen as a reflection of the ports’ processes and infrastructure.
May 6, 2021
— Estimates suggest 200,000 of the world’s 1.5m seafarers are still working beyond their contract levels, but with India, home to the world’s third largest source of seafarers, now made off limits by many jurisdictions, the workforce at sea is set to be stretched even more thin.
May 3, 2021
— Drewry believes there is sufficient equipment in the fleet to support trade and its growth, it is just that the containers are in the wrong places. Meanwhile, demand for new equipment continues to soar, and not just to cater for demand – as general rule, containers have a 15-year life and a large tranche of boxes delivered between 2005 and 2009 are coming to the end of their operational lives.
Apr 20, 2021
— The knock-on effects of the blockage of the Suez Canal is likely to impact North Europe supply chains until June. Container hub ports that used the week-long lull from ship arrival delays to prepare their landside facilities for the box onslaught are now “full to the brim”, according to a carrier source.
Apr 20, 2021
— Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more new ships are deployed, Fitch Ratings says. Fitch says demand for container shipping is high due to the mismatch between increased pandemic-induced trade and operational disruptions to the shipping supply chain, such as container box shortages and port congestions.
Apr 19, 2021
— The Hapag-Lloyd container ship Al Bahia arrived at Port Canaveral yesterday to begin the required conversion process to reflag the vessel in the United States. The Al Bahia will be renamed the Delaware Express and is the first of five Hapag-Lloyd container vessels owned and operated by the global shipping giant scheduled to undergo the U.S. reflagging process in Port Canaveral over the next several months. Once the U.S. reflagging process is completed, each vessel will be included in the federal Maritime Security Program (MSP) and made available for use when necessary by the U.S. government while it continues to operate commercially in international trade.
Apr 14, 2021
— The Suez Canal Authority yesterday formally arrested the Ever Given. An Egyptian judge granted permission for the SCA to seize the vessel after it lodged a $916m compensation claim against its Japanese vessel owner, Shoe Kisen.
Apr 12, 2021
— Incidents of armed robbery against ships continue to occur to ships while underway in the Singapore Strait. From April 8 to 11, three incidents were reported onboard ships while underway in the eastbound lane of the Traffic Separation Scheme (TSS) in the strait, one of the busiest waterways in the world.
Apr 7, 2021
— Forwarders in China are reporting a sudden spike in demand for Silk Road rail freight, post-Ever Given. According to Shanghai-based Marco Reichel, APAC business development director at Crane Worldwide Logistics, space on trains to Europe was already tight before the week-long Suez blockage.
Apr 1, 2021
— As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average. And while there is no reported damage to the cargo, and that to the vessel appeared to be minimal, the cost of the salvage operation could amount to a sizeable bill.
Mar 31, 2021
— An ocean-going tug from Dutch Harbor, Alaska has arrived at a Maersk containership which has been been broken down for more than two weeks in the Pacific Ocean. As of the latest update, the ship was located some 650 miles off Dutch Harbor.
Mar 30, 2021
— Following reports that shipping lines are predicting increases in spot rates and new surcharges due to the disruption, James Hookham, secretary general of the Global Shippers’ Forum (GSF), warned shippers “to be wary of this signalling of future prices and of demands for new surcharges”.
Mar 29, 2021
— Rescuers fully dislodged the "Ever Given" from the banks of the Suez Canal on Monday, sending the skyscraper-sized container ship on its way after six days of drama that paralyzed the vital shipping route, according to canal authorities.
Mar 24, 2021
— The 20,388 teu containership Ever Given has been freed after grounding against the seawall of the Suez Canal, and traffic on the waterway is expected to resume once the vessel is towed to an anchorage for inspection.
Mar 24, 2021
— Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on the tonnage with Alphaliner suggesting IMO’s 2050 decarbonisation deadline and ship lifespans are beginning to play into the minds of owners. Box shipping’s vessel orderbook-to-fleet ratio had steady decreased from 30% in 2010 to 8.8% six months ago.
Mar 23, 2021
— In their struggle to overcome supply chain disruptions, embattled shippers faced with massive increases in their transport costs have widened the net to source new service providers and indirectly encouraged the emergence of what one contact described as the “dark side of the industry”.
Nov 23, 2020
— FMC approved a Supplemental Order that expands the authority of Fact Finding 29, “International Ocean Transportation Supply Chain Engagement”. Commissioner Dye will lead the FMC's efforts into further investigation of ocean carriers operating in alliances, focusing on the Ports of Long Beach, Los Angeles and the Port Authority of New York and New Jersey. Specifically, the Commission will review policies and practices related to detention and demurrage, container return and container availability.