lars jensen

Evergreen has plan to refloat Ever Forward

Evergreen Line has a plan to refloat the container ship aground in Chesapeake Bay.

“Donjon Smit, the salvor appointed by Evergreen, has conducted several underwater inspections of Ever Forward. The data collected has been analyzed and an effective refloating plan has been designed. This plan can be implemented after approval by the competent authority,” an Evergreen spokesman said in a Friday afternoon email to American Shipper. 

The Ever Forward, with a carrying capacity of 11,850 twenty-foot...

https://www.freightwaves.com/news/evergreen-has-plan-to-refloat-ever-forward

Ever more speculation about Evergreen groundings

#EverForward, #EverGiven, #EverStuck. There have been many comparisons on social media this week between two Evergreen Marine container ships that, almost a year apart, became stuck while laden with cargo. 

The Ever Forward ran aground Sunday night in Chesapeake Bay after departing from the Port of Baltimore. As of late Thursday afternoon, the container ship, with a carrying capacity of 11,850 twenty-foot equivalent units, still had not been refloated. On March 23, 2021, another Evergreen Marine...

https://www.freightwaves.com/news/ever-more-speculation-about-evergreen-groundings

GSCW chat: A look at potential supply chain pitfalls in 2022

Kevin Hill and Lars Jensen at FreightWaves’ Global Supply Chain Week

This fireside chat recap is from Day 1 of FreightWaves’ Global Supply Chain Week.

FIRESIDE CHAT TOPIC: 3 curveballs to watch out for in global trade

DETAILS: A look back at global shipping in 2021 and a discussion on what lies ahead this year.

INTERVIEWER AND SPEAKER: Kevin Hill, executive publisher at FreightWaves, and Lars Jensen, CEO and partner at Vespucci Maritime.

BIO: Jensen has 20 years of experience as an insider in the container shipping industry. Prior to his current role as an...

https://www.freightwaves.com/news/gscw-chat-a-look-at-potential-supply-chain-pitfalls-in-2022

Yantian port congestion blocks more boxes than Suez Canal incident

The ongoing container disruption in the Port of Yantian, caused by the Covid-19 outbreak, has already blocked a larger number of containers than the number of boxes that were unable to move due to the Suez Canal blockage by Ever Given, according to the container shipping analyst, Lars Jensen.

During the 14 days of Yantian port congestion, the port has been unable to handle approximately 357,000TEU, while Suez Canal blockage was impacting a daily flow of 55,000TEU for six days, which translates...

https://container-news.com/yantian-port-congestion-blocks-more-boxes-than-suez-canal-incident/

Scores of container ships waiting to transit Suez Canal

Speculation is swirling that wind blew one of the world’s largest container ships off course and caused it to be lodged between the banks of the Suez Canal.

Social media also was flooded Wednesday with varying reports on the status of the Ever Given, which ran aground Tuesday morning. 

MarineTraffic imagery shows the backup in the Suez Canal Wednesday.

What is certain is that dozens of ships are waiting to transit the roughly 119-mile-long canal. Fifty ships on average use the canal between the...

https://www.freightwaves.com/news/scores-of-container-ships-waiting-to-transit-suez-canal

First Quantified View on The Current Market Strength

Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade, says an article published in the loadstar.

Predicting Record Earnings

The shipping lines are confidently predicting record earnings for the first quarter, with the expectation that the current profitability purple patch will continue at least as far as Q2, underpinned by sky-high spot rates, and beyond that boosted by annual contract rate increases being reported of 75% over the...

https://mfame.guru/first-quantified-view-on-the-current-market-strength/

ONE has second quarter of ‘significantly increased’ profit

Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements. ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800% — from $5 million in 2019 to $944 million in 2020.

ONE’s fiscal year runs from April 1 to March 31. The Singapore-headquartered ocean carrier, which launched service in April 2018, has been steadily gaining steam, turning the ship around from a fiscal-year loss of $585...

https://www.freightwaves.com/news/one-has-second-quarter-of-significantly-increased-profit

ONE makes giant leap in quarterly profit

Ocean Network Express (ONE) reported Friday that its quarterly profit “significantly increased” — by a whopping 326%.

The Singapore-based container carrier said the profit for the second quarter of its 2020 fiscal year was $515 million, a $394 million leap from the $121 million profit in the same period last year. ONE’s fiscal year runs from April 1 to March 31.

“This increase is mainly due to the improvements in the short-term freight market following a return to steady cargo demand,” ONE said....

https://s29755.pcdn.co/news/one-makes-giant-leap-in-quarterly-profit

OOCL Q3 revenue climbs 16.3%

Orient Overseas Container Line (OOCL) posted a 16.3% increase in revenue — a healthy third-quarter recovery from the height of the COVID-19 pandemic.

The Hong Kong-based container carrier reported total Q3 revenue was $1.91 billion. Revenue on trans-Pacific trade was up 18.4% to $825.3 million and 2.4% on the trans-Atlantic to $151.6 million. 

Total volumes were up 9.5% from Q3 2019, driven in large part by a 22.6% jump on the trans-Atlantic trade to 141,584 twenty-foot equivalent units (TEUs)....

https://s29755.pcdn.co/news/oocl-q3-revenue-climbs-163

Cyber attacks challenge maritime industry with IMO confirming hacking attack

A cyber attack on the International Maritime Organization (IMO) has shut down its website since Wednesday, 30 September, and left staff unable to access key materials for upcoming events.

In its latest post on Twitter, IMO confirmed that the interruption of service was caused by a cyber attack against its IT (Information Technology) systems.

An IMO source told Container News that some of the systems had now been restored, but the attack had shut down all of the IMO’s web connections.

“IMO is...

https://container-news.com/cyber-attacks-challenge-maritime-industry-with-imo-confirming-hacking-attack/

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