For almost three months now, the spot freight rate for containerized goods shipped by sea from North Europe to the U.S. East Coast has been 210% higher than last year (July 1 – September 23), according to shipping organization BIMCO.It wasn’t until April 1, 2021 that we saw the ripple effects from the globally stretched supply chains impacting front-haul freight rates on the Transatlantic
The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident.The ship, en route from the United Kingdom to China, crossed the canal among a convoy of 26 vessels sailing from the Mediterranean Sea to the Red Sea, the Suez Canal Authority (SCA) said in a statement.
The container ship Ever Given, which got stuck in the Suez Canal for six days in March, arrived in the Dutch port of Rotterdam on Thursday after being released by authorities in Egypt.It was scheduled to dock at Rotterdam's ECT Delta terminal for unloading until Aug. 3 before departing for Felixstowe, England, the port said.
The U.S. Navy’s three Global class oceanographic research ships (AGORs) have received a new lease on life. The ships-- R/V Thomas G. Thompson (AGOR 23), R/V Roger Revelle (AGOR 24) and R/V Atlantis (AGOR 25)-- which entered service between 1991 and 1998--were built with 30-year expected service lives.
Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.The new unit plans to replace 23 vessels and expand its fleet
German container shipping company Hapag-Lloyd announced on Tuesday that it has placed orders for an additional six ultra large containerships amid continued strong demand in the box shipping market.The 23,500+ TEU newbuilds are in addition to six of the same size and type ordered from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering at the end of 2020.
An Egyptian court on Tuesday ruled that the containership which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said.The Ever Given, one of the world's largest container ships, got jammed across the canal on March 23 and remained stuck for six days, stopping traffic in both directions.
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, or 0.7%, to 2,808, a high since September 2010.
The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for six days last month.The 400-meter Ever Given became wedged diagonally across the canal in high winds on March 23, blocking all traffic.
The number of 15,000+ TEU ultra-large containership (ULCS) ordered reached record heights in March, reflecting the confidence of shipowners and investors amid continued strong demand in the container shipping sector.According to shipping organization BIMCO, the record-breaking 45 ULCSs and 27 additional "smaller" box ships ordered last month bring the total order capacity to 866,060 TEU
All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, the canal authority said.The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday
German container liner Hapag-Lloyd has ordered six ultra-large container vessels from the Korean shipbuilder Daewoo Shipbuilding & Marine Engineering.DSME will build the 23,500+ TEU vessels and deliver them to Hapag-Lloyd between April and December 2023. The shipowner said Wednesday the investment would be around $1 billion and that the respective financing had already been secured.