Tuesday, April 20, 2021
port of rotterdam
Shipping

European Ports Now Bearing the Brunt of Suez Canal Blockage

By Mike Wackett (The Loadstar) – The knock-on effects of the blockage of the Suez Canal is likely to impact North Europe supply chains until June. Container hub ports that used the...

April 20, 2021
Total Views: 11610

Tuesday, April 13, 2021
ever given in great bitter lake
Accidents

Suez Canal Authority Holding Ever Given Over $916 Million Compensation Claim

By Yusri Mohamed and Jonathan Saul CAIRO, April 13 (Reuters) – A ship that blocked the Suez Canal for almost a week in March is being held in the waterway...

April 13, 2021
Total Views: 4599

Friday, April 9, 2021
Shipping

Reinsurers Set to Bear Brunt of Costs for Suez Canal Grounding

By Jonathan Saul and Carolyn Cohn LONDON, April 8 (Reuters) – Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez...

April 9, 2021
Total Views: 7305

port of los angeles and long beach
Shipping

Suez Ripples Raises Rates for All Containerships

By Mike Wackett (The Loadstar) – There are reports of “sharp increases” in Asia-Europe container spot rates this week, as the fallout from the week-long Suez Canal blockage restricts both vessel and...

April 9, 2021
Total Views: 11773

Thursday, April 8, 2021
port of los angeles and long beach
Ports

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES, April 8 (Reuters) – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near...

April 8, 2021
Total Views: 1520

Tuesday, April 6, 2021
port of rotterdam
Ports

Calm Before the Storm: European Ports Await Influx of Ships Impacted by Suez Blockage

By Mike Wackett (The Loadstar) – The main container ports in North Europe were eerily quiet at the weekend, due to the almost week-long blockage of the Suez Canal by the Ever Given....

April 6, 2021
Total Views: 2636

Shipping

Suez Canal Weighing Expanding Southern Channel, Chairman Says

By Nadeen Ebrahim and Patrick Werr ISMAILIA, Egypt, April 6 (Reuters) – The Suez Canal Authority is considering expanding the southern section of the waterway where the container ship Ever...

April 6, 2021
Total Views: 3740

Sunday, April 4, 2021
containership in suez canal
Shipping

Suez Canal Says Ship Backlog Cleared

AIRO, April 3 (Reuters) – All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by...

April 4, 2021
Total Views: 2431

Friday, April 2, 2021
tanker in suez canal
Shipping

Suez Canal Says it is Close to Clearing Ship Backlog

CAIRO, April 2 (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog ofshipping that built up when a giant container ship was grounded in the...

April 2, 2021
Total Views: 2749

maersk ship in suez canal
Shipping

Maersk Urges U.S. East Coast Ports to Use Suez Canal Delays to Clear Congestion

The world’s top shipping line Maersk is urging congested U.S. East Coast ports to use the Suez Canal delays to clear cargo from terminals. With shipping resumed through the Suez...

April 2, 2021
Total Views: 3235

Thursday, April 1, 2021
port of long beach
Shipping

Fitch: Soaring Shipping Costs Add To Near-Term Global Inflationary Pressures

Supply chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, says Fitch Ratings in a new report published Thursday. With global manufacturing demand is...

April 1, 2021
Total Views: 2834

containership in suez canal
Shipping

Suez Canal Urged to Upgrade Quickly to Avoid Future Disruption

By Jonathan Saul and Patrick Werr CAIRO, April 1 (Reuters) – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said,...

April 1, 2021
Total Views: 4661

Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal
Accidents

Egypt Wants $1 Billion In Compensation For Suez Blockage

By Tarek El-Tablawy (Bloomberg) — Egypt said it may seek around $1 billion in compensation after the giant containership Ever Given blocked the Suez Canal for almost a week and...

April 1, 2021
Total Views: 9899

Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

April 1, 2021
Total Views: 3101

Tuesday, March 30, 2021
china port
Shipping

Carriers Warned Against Price Gouging Shippers with Suez Chaos

By Mike Wackett (The Loadstar) – Ocean carriers have been warned not to take advantage of the capacity crunch resulting from the Suez blockage to “price-gouge” their customers. Following reports that shipping...

March 30, 2021
Total Views: 2472

Shipping

Convoys Resume as Suez Canal Races to Clear Huge Backlog of Ships

By Nadeen Ebrahim ISMAILIA, Egypt, March 30 (Reuters) – The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a...

March 30, 2021
Total Views: 3579

Maritime News

End of Suez Snarl Marks Beginning of New Stress on Global Trade

Brendan Murray (Bloomberg) – Now removed from the Suez Canal’s main channel, the Ever Given leaves in its wake several weeks or months of disruptions across a world economy where...

March 30, 2021
Total Views: 5915

ever given
Shipping

The Suez Canal Blockage Is Over. Time to Add Up the Damages

By Aaron Clark, Cindy Wang, Ann Koh and Verity Ratcliffe (Bloomberg) — The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just...

March 30, 2021
Total Views: 6627

Monday, March 29, 2021
ever given refloated
Shipping

Shipping Companies Counting Cost of Suez Chaos

By Jonathan Saul and Carolyn Cohn LONDON, March 29 (Reuters) – The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24...

March 29, 2021
Total Views: 5094

Spire AIS Global Ship Voyage Data
News

Ship Backlog from Suez Closure Will Take Months to Clear, Shipping Lines Say

COPENHAGEN/LONDON, March 29 (Reuters) – The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months...

March 29, 2021
Total Views: 5496