Shipping 8/12

Shipping Delays and Supply Shortages to Constrain Firms All Year

icarussmith20

May 2, 20212 min read

Shipping Delays and Supply Shortages to Constrain Firms All Year

Companies worldwide expect supply-chain constraints resulting from logistics backlogs and the global semiconductor shortage to continue...

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More Shipping Containers Were Lost At Sea In Two Months Than In An Entire Year

icarussmith20

Apr 29, 20213 min read

More Shipping Containers Were Lost At Sea In Two Months Than In An Entire Year

Thousands of shipping containers have fallen overboard in recent months as massive new ships, demand for products from overseas during...

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Are We Still Feeling The Effects Of The Suez Canal Blockage?

icarussmith20

Apr 27, 20213 min read

Are We Still Feeling The Effects Of The Suez Canal Blockage?

On the morning of March 23 2021, a 400-metre-long shipping tanker called the Ever Given wedged itself across the waterway of the Suez...

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Ship Operators Move Toward LNG to Pare Emissions

icarussmith20

Apr 23, 20214 min read

Ship Operators Move Toward LNG to Pare Emissions

The maritime industry, under growing pressure to reduce shipping’s carbon emissions, is coming to a growing consensus that liquefied...

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Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

icarussmith20

Apr 14, 20213 min read

Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

(CNN Business)Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a...

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Higher Shipping Costs Are Here to Stay, Sparking Price Increases

icarussmith20

Apr 12, 20214 min read

Higher Shipping Costs Are Here to Stay, Sparking Price Increases

Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the...

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Maersk claims progress in carbon neutral methanol hunt

icarussmith20

Apr 11, 20213 min read

Maersk claims progress in carbon neutral methanol hunt

Maersk’s head of decarbonisation believes that the company’s commitment to a having carbon neutral ship running on green methanol in 2023...

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Hapag-Lloyd CEO expects container market congestion to last until third quarter

icarussmith20

Apr 10, 20212 min read

Hapag-Lloyd CEO expects container market congestion to last until third quarter

In the wake of Ever Given blocking the Suez Canal for close to a week, Hapag-Lloyd CEO Rolf Habben Jansen expects the market to...

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Maersk opens for short-term bookings again after Suez blockage

icarussmith20

Apr 9, 20212 min read

Maersk opens for short-term bookings again after Suez blockage

The container market continues to be affected by the week-long traffic jam in the Suez Canal, which has further exacerbated container...

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Ocean-Shipping Demand Staying ‘Very Strong,’ Hapag CEO Says

icarussmith20

Apr 9, 20212 min read

Ocean-Shipping Demand Staying ‘Very Strong,’ Hapag CEO Says

Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest...

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Commodity Shipping Rates Are Surging and the Rally Isn’t Over

icarussmith20

Apr 7, 20214 min read

Commodity Shipping Rates Are Surging and the Rally Isn’t Over

For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw...

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Maersk adds new Asia/US East Coast string

icarussmith20

Apr 6, 20212 min read

Maersk adds new Asia/US East Coast string

Maersk Inc. North America has announced a new service linking ports in Vietnam and China with the US East Coast via the Panama Canal....

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Lead investigator in Suez Canal blockage probe boards ship

icarussmith20

Apr 2, 20212 min read

Lead investigator in Suez Canal blockage probe boards ship

Divers inspected the underside of a colossal container ship that had blocked the Suez Canal in Egypt, spotting some damage to the bow but...

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Suez Canal Opens, but Shipping Will Be Snarled for Months

icarussmith20

Mar 31, 20217 min read

Suez Canal Opens, but Shipping Will Be Snarled for Months

The bridge of the oil tanker Navig8 Aronaldo erupted in cheers after Capt. Malik Naushad told his crew to prepare to weigh anchor...

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Suez Canal reopens after Ever Given cargo ship successfully refloated

icarussmith20

Mar 30, 20213 min read

Suez Canal reopens after Ever Given cargo ship successfully refloated

SUEZ, Egypt — The giant container ship that blocked traffic in the Suez Canal for the last week resumed its journey on Monday after being...

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What Happened In The Suez Canal, And What Does It Mean For Global Trade?

icarussmith20

Mar 30, 20215 min read

What Happened In The Suez Canal, And What Does It Mean For Global Trade?

A giant container ship under the name Ever Given ran aground in the Suez Canal in Egypt on the 23rd March 2021. Here’s how it all...

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Hopes of reopening Suez Canal boosted by partial refloating of jammed ship

icarussmith20

Mar 29, 20213 min read

Hopes of reopening Suez Canal boosted by partial refloating of jammed ship

ISMAILIA, Egypt (Reuters) - A huge container ship blocking Egypt’s Suez Canal for nearly a week has been partially refloated, raising...

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Suez Canal steps up efforts to remove blockage as shipping rates surge, tankers diverted away

icarussmith20

Mar 28, 20214 min read

Suez Canal steps up efforts to remove blockage as shipping rates surge, tankers diverted away

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent...

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Ship in blocked convoy in Suez Canal on move, say source and witness

icarussmith20

Mar 25, 20211 min read

Ship in blocked convoy in Suez Canal on move, say source and witness

CAIRO (Reuters) - The first ship from a convoy that had been blocked by a stranded vessel in the Suez Canal is on the move, indicating a...

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Massive cargo ship that blocked Egypt’s Suez Canal is reportedly on the move

icarussmith20

Mar 24, 20212 min read

Massive cargo ship that blocked Egypt’s Suez Canal is reportedly on the move

A cargo container ship that’s among the largest in the world turned sideways and blocked all traffic in Egypt’s Suez Canal, officials...

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