container ships

Viewpoint: Will the world’s largest container ship actually provide trade solutions?

This commentary was written by Lori Ann LaRocco. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The word “historic” in the maritime and logistics industry has become so overused that its meaning now is watered down (yes, pun intended). Every week, there seems to be more “historic” news to report. Take your pick: congestion at the ports, container prices, containers falling into the ocean, the denial of trade...

https://www.freightwaves.com/news/evergreen-ever-ace-worlds-largest-container-ship-trade-solutions-viewpoint-lori-ann-larocco

Port Of Felixstowe Welcomes World’s Largest Container Ship ‘Ever Ace’

port of felixstowe - Ever Ace

The Ever Ace, the world’s largest container ship, has made its maiden call at Hutchison Ports Port of Felixstowe.

Operated by Taiwanese line Evergreen Marine, the 24,000TEU capacity vessel arrived at the UK’s largest container port from Hamburg, having commenced its voyage at Qingdao, China in July.

Commenting on the arrival, Chris Lewis, Chief Executive Officer at the Port of Felixstowe, said:

“We are delighted to welcome the Ever Ace on its maiden call at the Port of Felixstowe. Our relationship...

https://www.marineinsight.com/shipping-news/port-of-felixstowe-welcomes-worlds-largest-container-ship-ever-ace/

Major Hurricane Larry heading toward Bermuda

Satellite photo of Hurricane Larry on Sep. 7, 2021.

Over the weekend, Larry became the third major hurricane (Category 3 or higher) of this year’s Atlantic season and the fifth hurricane overall.

Container ship captains will have to steer clear as the storm tracks toward the island of Bermuda this week, followed by eastern Canada.

As of early Tuesday morning, Larry was over open waters centered about 830 miles southeast of Bermuda. Larry was moving toward the northwest at about 10 mph, and this general motion will likely continue through...

https://www.freightwaves.com/news/major-hurricane-larry-heading-toward-bermuda

Why The Global Supply Chain Is In Chaos

The world’s supply chains are a mess. There are shortages in a bunch of different goods and components, which are getting further compounded by massive delays and gridlock in shipping and other forms of transport, reports Bloomberg.

The podcast

On this episode of Odd Lots, we speak with Ryan Peterson, the CEO of Flexport, which makes software that helps companies manage their supply chains. You can find the episode here. Transcripts have been lightly edited for clarity.

Tracy Alloway: Hello, and...

https://mfame.guru/why-the-global-supply-chain-is-in-chaos/

Liners Smash Decade-Old Record for Container Ship Orders

Transport corporations ordered a document quantity of container ships final month in an indication of the business’s confidence in booming international commerce following the pandemic, reports Financial Times.

Hovering Freight Charges

The bumper month smashed the earlier decade-old document and got here near matching orders for the entire of final yr as liners used earnings from hovering freight charges on the again of the ecommerce surge and container shortages to signal offers, in response to...

https://mfame.guru/liners-smash-decade-old-record-for-container-ship-orders/

Sandstorm, winds blamed for container ship fiasco in Suez Canal

Evergreen Marine container ship stuck in Suez Canal.

Officials say a sandstorm and high winds caused the ultra large container ship Ever Given to run aground Tuesday morning, blocking the Suez Canal.

Evergreen Marine, the Taiwanese transportation company that built and operates the Ever Given, said the ship was “suspected of being hit by a sudden strong wind, causing the hull to deviate … and accidentally hit the bottom and run aground.”

The Suez Canal Authority said in a statement Wednesday that 46-mph (40-knot) winds and a sandstorm caused low...

https://www.freightwaves.com/news/sandstorm-winds-blamed-for-container-ship-fiasco-in-suez-canal

Cargo Prices Increase Four Folds in Shipping Industry

  • A variation on that buy-low, sell-high strategy is exactly what some container shipowners are opting to do.
  • They are capitalizing on a hot ocean freight market that shows few signs of cooling off.
  • International Maritime Enterprises, based in Monaco, agreed to sell the container ship Crete I for $46 million.
  • It is more than four times the $11 million price tag it spent for the 12-year-old vessel in November 2016, TradeWinds reported on Wednesday, citing industry brokers.

A recent news article...

https://mfame.guru/cargo-prices-increase-four-folds-in-shipping-industry/

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