Containers
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Cargo interests face long wait over Dali general average call
General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will not be known until well after the cargo has been delivered
Red Sea rerouting hits east Mediterranean transhipment hubs
The closure of the Red Sea route to the Mediterranean has seen larger vessels skip the region; this in turn has sent transhipped volumes elsewhere
Cargo interests face long wait over Dali general average call
General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will not be known until well after the cargo has been delivered
Shipping faces more fallout in wake of Iran’s attack on Israel
The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario, according to analysts, is that the Strait of Hormuz will become more like the Red Sea, with some ships continuing to transit and others steering clear
The week in newbuildings: China continues to win bulk of orders
Newbuilding contracts for seven dry cargo carriers, four containerships, six MPVs, one deck cargo carrier, two heavy lift ships, eight gas carriers and eight tankers were signed in the past week
Panama Canal finally begins to rebound after drought-driven dive
Despite positive momentum in March, neopanamax locks transits were 18%-20% below levels in the same month in 2022 and 2023, and panamax locks transits were down 36%. The nascent recovery has far to go
Resilient US economy continues to buoy container shipping demand
America’s economy remains a relative bright spot for container shipping demand. US imports held firm at healthy levels in March and are now aligning with the growth trend seen prior to the pandemic
APM Terminals steps up port efficiency drive as new alliance launch looms
Better productivity at transhipment hubs will improve throughput for the entire network and bolster resilience against continuous disruptions, port operator’s Asia chief Jonathan Goldner tells Lloyd’s List
No major east coast fallout from Baltimore container blockage
Container shipping flows have adjusted to the Baltimore bridge accident. Rates to the east coast continue to decline despite the port closure, driven lower by normalisation of supply chains following Cape of Good Hope diversions
War zone GPS jamming sees more ships show up at airports
More than 100 cargo-carrying vessels appeared to show up in Beirut airport yesterday. AIS manipulation, common in the region since Hamas’ October 7 attack on Israel, has taken off
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Latest From Ports and Logistics
FBI opens criminal investigation into Key Bridge allision
FBI agents boarded Dali on Monday as part of a criminal investigation into the catastrophic Key Bridge allision, the Washington Post reported. A port worker told a CNN affiliate in the days following the incident the ship was experiencing severe electrical problems while in port, but retracted their comments the following day. Determination of criminal negligence or wrongdoing could significantly impact the owner’s general average and limitation of liability claims
Protest groups disrupt ports
Several small-scale protests have temporarily blocked access roads at ports in a number of countries. But disruptions appear to be minor without any serious impact on operations
Singapore tops maritime clusters listing
As Singapore remains secure in its role as shipping’s largest maritime hub, Hong Kong slips out of the top 10. And while Europe still features strongly, the move to Asia is well underway
More from Containers
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Latest From Containers
Cargo interests face long wait over Dali general average call
General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will not be known until well after the cargo has been delivered
Hapag-Lloyd lays out ‘Strategy 2030’ to stay at the top
The new strategy is built on five pillars, including a target of a net zero fleet by 2045
Shipping faces more fallout in wake of Iran’s attack on Israel
The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario, according to analysts, is that the Strait of Hormuz will become more like the Red Sea, with some ships continuing to transit and others steering clear
High-priced boxship sales prompt increase in recycling candidates
The recycling sale of two vintage boxships for almost $600 per light displacement tonne has led to more containership proposals for scrapping, says cash buyer GMS
MSC Aries violated maritime law, says Iran
A government spokesperson claimed the containership failed to respond to calls from officials before it was boarded by Iranian troops
Protest groups disrupt ports
Several small-scale protests have temporarily blocked access roads at ports in a number of countries. But disruptions appear to be minor without any serious impact on operations
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