Large swell in 22-knot wind caused idling Madrid Bridge to roll and lose boxes

New evidence has emerged as to the cause of the container collapse on the ONE-operated Madrid Bridge, which has the dubious distinction of being the first overboard box incident of 2022.
An initial investigation – a copy of which has been passed to The Loadstar – reveals that the vessel had begun idling south of the Azores, in the mid-Atlantic, on 2 January to delay its arrival at the port of New …

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https://theloadstar.com/large-swell-in-22-knot-wind-caused-idling-madrid-bridge-to-roll-and-lose-boxes/

In the dock: Echoes of the decade-old CMA CGM Libra grounding still resonate

“It is incredible to think that the momentary decision of a master to pass Xiamen channel buoy 14-1 to port, the circumstances that led up to that decision and consequences that followed, are still being debated some 10 ½ years later and yet, here we are, having waited with bated breath for the supreme court to hand down one of the industry’s most hotly anticipated judgments of recent times.”

So write Claire …

The post In the dock: Echoes of the decade-old CMA CGM Libra grounding still resonate...

https://theloadstar.com/in-the-dock-echoes-of-the-decade-old-cma-cgm-libra-grounding-still-resonate/

Supply chain radar: The box lines Super League – risking world trade?

(Note to the reader: Mr Hidden Lead, a senior executive from the global logistics community, had something to say this week. Something so strong that it couldn’t possibly pass unnoticed. If you disagree with what follows, we invite you to submit your rebuttal. You can get in touch with Premium here.)
TWELVE global football super powers (well, some more “global” than others) were taught a painful lesson this week, when their pursuit …

The post Supply chain radar: The box lines Super League –...

https://theloadstar.com/supply-chain-radar-the-box-lines-super-league-risking-world-trade/

Ever Given: arrest and GA – what happens to vessel and cargo next?

The Suez Canal Authority’s decision to arrest the Ever Given, following the six-day closure of the waterway, as leverage for its $916m insurance claim against the vessel owner, is likely to further delay the General Average process.
Jose Guerrero, president of independent claims consultancy Virtual Claims, told The Loadstar one of the key elements of GA was that “the goods and the ship must successfully reach the destination, otherwise, there is no …

The post Ever Given: arrest and GA – what...

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Against the odds: Up in (northern) lights – Part 2

From “Whatever (and whichever) canal floats your boat – Part 1” to my coverage today is a small, albeit meaningful, step.
Here it goes.
Russia’s northern trade route 
A brief recap, as I argued yesterday towards the end of my post:
“Russia has been touting its Northern Trade Route, an Arctic Ocean route to Asia, since the Ever Given issue.
Claiming to trim 4,000 nautical miles and 15 days off the southern alternative via the …

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https://theloadstar.com/against-the-odds-up-in-northern-lights-part-2/

Against the odds: Whatever (and whichever canal) floats your boat – Part 1 

I may have been a little salty towards Maersk’s Mr. Skou in my last spoiler alert column after he stated something supply chain practitioners and logisticians worth their pay packet – which in most instances is much smaller than his – would have been contemplating several moons ago. 
I just expected a leader of one of the world’s largest shipping lines to offer up something more visionary or insightful. For example, …

The post Against the odds: Whatever (and whichever canal) floats your boat –...

https://theloadstar.com/against-the-odds-whatever-and-whichever-canal-floats-your-boat-part-1/

Anger as SCA arrests Ever Given and submits $916m compensation claim

The Suez Canal Authority yesterday formally arrested the Ever Given.
An Egyptian judge granted permission for the SCA to seize the vessel after it lodged a $916m compensation claim against its Japanese vessel owner, Shoe Kisen.
The SCA says it intends to maintain the vessel’s arrest until the claim is paid, a position that has caused fury among the ship’s insurers and ship managers, and led charterer Evergreen to investigate whether it could …

The post Anger as SCA arrests Ever Given and submits...

https://theloadstar.com/anger-as-sca-arrests-ever-given-and-submits-916m-compensation-claim/

Cargo owners still ‘in the dark’ as Ever Given compensation row heats up

The stand-off between the Suez Canal Authority (SCA) and the Japanese owner of the 20,124 teu Ever Given over compensation has entered a third week.
Meanwhile, European cargo owners are still none the wiser as to when and where their containers will be made available, or the percentage of the value of their cargo that will be required by the average adjusters in the form of an insurance bond or cash …

The post Cargo owners still ‘in the dark’ as Ever Given compensation row heats up appeared...

https://theloadstar.com/cargo-owners-still-in-the-dark-as-ever-given-compensation-row-heats-up/

Lengthy wait for cargo as Ever Given owner declares General Average

As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average.
And a customer circular from Evergreen, seen by The Loadstar, confirms that Shoe Kisen this morning appointed Richard Hogg Lindley as adjustor.
For the vessel, now at anchor at the Bitter Lakes area undergoing technical inspections, a possible date of departure to ports of discharge has …

The post Lengthy wait for cargo as Ever Given...

https://theloadstar.com/lengthy-wait-for-cargo-as-ever-given-owner-declares-general-average/

Specialist salvors on their way as more vessels queue behind Ever Given

Salvage teams from the Netherlands and Japan are on their way to the stricken 20,388 teu Ever Given, which is still stuck fast in the Suez Canal, blocking the vital shipping artery.
Evergreen said today Japanese shipowner Shoei Kisen Kaisha had appointed Dutch specialist Smit Salvage and compatriot Nippon Salvage to re-float the vessel after two days of unsuccessful attempts involving all available tugs and equipment at the disposal of the …

The post Specialist salvors on their way as more...

https://theloadstar.com/specialist-salvors-on-their-way-as-more-vessels-queue-behind-ever-given/

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