Suez Canal crisis

Hapag-Lloyd Improves Vessel Transparency After COVID Crisis

  • Shipping industry has been forced to deal with major operational challenges, such as congested ports, ship delays and infrastructural bottlenecks.
  • Hapag-Lloyd’s clear objective is to enhance transparency on the schedule performance of its vessels.
  • By also increasing the ships’ on-time performance, the carrier aims to improve supply-chain reliability for its customers.

Hapag-Lloyd, in a press release, has said it will aim to provide full transparency via its Customer Dashboard on vessel port...

https://mfame.guru/hapag-lloyd-improves-vessel-transparency-after-covid-crisis/

Suez Canal Blockage’s Ripple Effect Affects Shipping Industry

  • Suez Canal blockage effect has rippled and still affects the shipping industry.
  • Severe shortage of containers have pushed freight rates to an all-time high.

It’s been two months for the reason that Suez Canal blockage occurred, however its impression continues to fret the transport commerce as extreme scarcity of containers have pushed freight charges to an all-time excessive to key markets just like the US and Europe, reports The Hindu Business Line.

Worst affected Leather Industry

One of many...

https://mfame.guru/suez-canal-blockages-ripple-effect-affects-shipping-industry/

Appeals Court Lacks Authority To Look Into Suez Canal Financial Claims

An Egyptian appeals court said it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of the cargo ship that blocked the waterway in March, reports US News.

Dispute over the faulty

The authority and the ship’s owner dispute who was at fault when the Ever Given ran aground in the canal linking the Mediterranean Sea and the Red Sea and how much compensation should be paid.

The appeals chamber of the Ismailia Economic Court referred...

https://mfame.guru/appeals-court-lacks-authority-to-look-into-suez-canal-financial-claims/

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/

Suez Canal Expansion ‘Green Lit’ After Ever Given Crisis

  • The 200,000-tonne MV Ever Given got diagonally stuck in the narrow but crucial global trade artery in a sandstorm on March 23.
  • The canal will become 40 metres wider at the area where the Ever Given became stuck.
  • The global traffic jam caused by the Ever Given lasted for six days.
  • The ship remains held in the Suez Canal six weeks after the crisis.

Egyptian President Abdel Fattah El-Sisi has approved the widening and deepening of the southern part of the Suez Canal, after a stranded mega-ship...

https://mfame.guru/suez-canal-expansion-green-lit-after-ever-given-crisis/

Suez Canal Blockage Disrupts Supply Chain Operators

According to an article published in TT News, International freight transport and logistics insurer, TT Club alerts supply chain operators to the consequential impact of disruption stemming from recent blockage in the Suez Canal and urges a greater emphasis on resilience.

Back to Normal

Global supply chains already strained by the disruption caused by the pandemic have been further challenged recently by the blockage of the Suez Canal, an artery that carries 30% of the world’s container cargo...

https://mfame.guru/suez-canal-blockage-disrupts-supply-chain-operators/

Cheniere & Shell Oil Tankers ‘Reroute’ To Avoid Suez Canal Block

  • Cheniere and Shell/BG vessels change routes to avoid congestion at the Suez Canal in Egypt.
  • The logjam has disrupted one of the busiest trade routes in the world.
  • At least 10 tankers and container ships are altering course.

At least 10 tankers and container ships, including two that are carrying natural gas for Cheniere and Shell/BG Group, are averting their routes to avoid the congestion in the Suez Canal, CNBC reports.

Tankers change course

The outlet quoted MarineTraffic spokesman Georgios...

https://mfame.guru/cheniere-shell-oil-tankers-reroute-to-avoid-suez-canal-block/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.