The Saudi Ports Authority (Mawani) will extend the services of Jeddah Islamic Port for ship transfers and container offloading to support shipping lines stranded at the south end of the Suez Canal on the Red Sea coast. Mawani’s initiative is aimed at assisting the shipping logistics industry to manage the unexpected situation in the Suez […]

A group of senior industry figures have analysed the post-Ever Given Suez Canal grounding in a critical reflection of the handling of disrupted supply chains by the industry and they concluded that data-sharing and significant digital collaboration through ports, acting as co-ordinators, can manage supply chain disruptions, benefitting all the stakeholders. Critical incidents such as […]

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 […]