The Suez Canal blockage has delayed vessel traffic to European ports during the week, while European bunker hubs continue to have readily available supplies of low sulphur fuels, according to Marine Bunker Exchange (MABUX). Some East Mediterranean ports have seen stems delayed and cancelled, including Limassol in Cyprus. At the same time, suppliers were able […]

With the US election finalised and Biden now in office, VesselsValue’s AIS & Trade Manager Charlotte Cook – analyses trade data for the container sector and the impact that his appointment is expected to have on US Container demand. Biden’s win came at a time when container ship rates were, and continue to be, sky […]

Tugs and dredgers surrounding the Ever Given are working towards a major attempt to free the vessel later today as the tide rises. Salvage teams from the Suez Canal Authority (SCA) have said that they have successfully moved the bow of the stricken ship five metres as the tide rises, but the best chance for […]

Hopes of re-floating the stranded 20,388TEU Ever Given following this weekend increased when salvage teams using Suez Canal tugs reportedly succeeded in freeing the stern and rudder section of the vessel. Suez Canal tugs are assisting in trying to complete the re-floatation, which will be further assisted by the high tides on Sunday and Monday, […]

Taiwan carrier Yang Ming rode the crest of a wave of new e-commerce business as consumers reached for e-commerce solutions to the restrictions imposed by the spread of Covid-19, boosting the line’s income as a consequence. The container shipping market’s dramatic swing into the black in the last months of 2020 boosted Yang Ming results […]

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry and Trade (MOIT) has informed 12 liner operators, including Maersk Line and HMM, that they are required to report data about empty containers and shipping routes between Vietnam, Europe and […]

Ever Given’s technical manager Bernhard Schulte Shipmanagement (BSM), has confirmed that two more tugs are arriving to assist with the next attempt to re-float the stranded vessel, while also confirming that the bow thruster room and forepeak spaces, as revealed in Container News today. Smit Salvage will lead the salvage operation and they will concentrate […]

In preparation for the 76th Marine Environment Protection Committee meeting to be held in June the International Maritime Organization (IMO) has released vessel fuel consumption figures collected for 2019. Information reported to the IMO showed that 27,221 ships, of more than 5,000gt consumed 213 million tonnes of all the available marine fuels including LNG, and, […]

Maersk has announced on 24 March its participation in the methanol trade association, Methanol Institute. Source: https://www.vesselfinder.com A.P. Moller – Maersk becomes the first container shipping company to join the Methanol Institute (MI), the global trade association for the Methanol Industry, the members’ list of which includes Mitsui O.S.K. Lines, but not its container joint […]