One of the first casualties of the Ever Given’s grounding in the Suez Canal was vessel visibility and shipping line schedule integrity. With so many vessels delayed, out of position or diverted, visibility of their cargo’s location was critical for shippers but, with most shipping lines unable to update schedules due to the unknown length …
There has been only one story in town for the last week! Even though the Ever Given has been re-floated and the Suez Canal is working to clear the backlog of waiting vessels, a huge amount of uncertainty remains and we should still expect a shortage of containers at many origins, vessel diversions and vessel …
At approximately 15:00 today The Ever Given has been successfully refloated within the Suez Canal and is currently leaving the grounding site with the assistance of tugboats. As soon as she is clear of the Canal, the authorities will resume normal operation and start to clear the hundreds of vessels currently waiting at either end …
As of noon today the ultra large container vessel Evergreen Ever Given remains lodged sideways in the main channel, blocking vessels in both directions along the Suez Canal, creating one of the worst shipping jams seen in years and threatening even more chaos, when the grounded vessel arrives in Europe, together with the vessels behind …
The sea freight bunker industry has been undergoing significant change since the introduction of the IMO2020 rule and the impact of measures taken in response to the Coronavirus pandemic have contributed to major shifts in oil market dynamics, with rising prices encouraging shipping lines to increase their BAF surcharges from April 1st 2021. The Bunker Adjustment …
With the 2nd quarter (Q2) of 2021 just a week away, we review five key issues, that are likely to impact maritime logistics platforms over the next three month period and the actions that you can take to protect your cargoes and the integrity of your supply chains. Equipment, space and congestion issues remain a …
Global lockdowns continue to drive consumer demand for goods, keeping ships full, sea freight rates high and leading shipping lines to take ever more desperate measures to increase their capability to take revenue opportunities. But, have they got their calculations right, or will their drive to add capacity lead to oversupply and rate softening. With …
At 7:40 am on 23 March 2021, the 20k TEU container ship Evergreen Ever Given was navigating the Suez Canal when it ran aground, turning the ship sideways and blocking the canal, with the potential to impact oil and sea freight prices if she cannot be freed quickly by the tugs currently trying to assist. Update …
The container shipping industry continues to face heavy port congestion and vessel delays worldwide. The situation adds to the severe lack of vessels and empty equipment availability, forcing carriers to blank sailings on some trades when these sailings could generate record revenues, encouraging the lines to impose a new round of peak season surcharges and rate increases. …
Environmentalists have long voiced concerns about the CO2 emission damage of the global shipping fleet. They believe that shipping laden containers are doing untold damage to the climate and are extremely concerned about the volume of empty containers that have been travelling the globe recently. Using public-access data in the United States, ‘green’ researchers found …