Containerships

Government, Business, Logistics

Suez Canal’s Claim Over Once-Stuck Ship Referred by Court

Suez Canal The Ever Given in Egypt's Great Bitter Lake. (AP Photo/Mohamed El-shahed, File)

CAIRO — An Egyptian appeals court said May 23 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.

Samy Magdy | Associated Press
May 24, 2021
Business, Logistics

Largest Containership Hits East Coast as Ports See Surge

The CMA CGM Marco Polo passes underneath the Bayonne Bridge in New Jersey on May 20. (Seth Wenig/Associated Press) The CMA CGM Marco Polo passes underneath the Bayonne Bridge in New Jersey on May 20. (Seth Wenig/Associated Press)

With the sun gleaming off the Manhattan skyline in the distance, the massive ship passed slowly underneath the Bayonne Bridge on the morning of May 20, tooting its horn to the delight of about two dozen onlookers on the bridge deck hundreds of feet up.

David Porter | Associated Press
May 20, 2021
Government, Business, Safety, Logistics

World’s Biggest Brands Adopt Checklist to Protect Seafarers

Since the start of the pandemic, some countries have halted or limited seafarer changes to prevent the spread of COVID-19. (Qilai Shen/Bloomberg News) Since the start of the pandemic, some countries have halted or limited seafarer changes to prevent the spread of COVID-19. (Qilai Shen/Bloomberg News)

Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.

K. Oanh Ha and Jack Wittels | Bloomberg News
May 6, 2021
Government, Business, Logistics

Conversation Begins About Who Will Pay for Suez Canal Crisis

Tug boats pull the Ever Given containership along the Suez Canal on March 29. Tug boats pull the Ever Given containership along the Suez Canal after dislodgement on March 29. (Islam Safwat/Bloomberg News)

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 beginning.

March 30, 2021
Business, Logistics

World’s Other Major Shipping Pileup Is Still Clogging Trade

Containerships wait offshore at the Port of Long Beach in California on March 25. Containerships wait offshore at the Port of Long Beach in California on March 25. (Bloomberg News)

Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal had threatened to tangle Europe’s supply chains.

Brendan Murray | Bloomberg News
March 29, 2021
Logistics

Cargo Ship Stuck in Suez Canal Finally Dislodged

Suez overhead MV Ever Given on March 28. (Planet Labs Inc. via AP)

SUEZ, Egypt — Workers have successfully set free a colossal containership that for nearly a week has been stuck sideways across the Suez Canal, one of the world’s most crucial arteries for trade, a canal service provider said.

Isabel Debre and Sam Magdy | Associated Press
March 29, 2021
Government, Business, Safety, Logistics

Blocked Suez Canal Compounds Stress to Supply Chains

Satellite image of Ever Given stuck in the Suez Canal Satellite image shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, March 26. (Maxar Technologies via AP)

Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars.

March 26, 2021
Government, Business, Fuel

Containership Blocking Suez Canal Remains Stuck

Canal Shipping containers during the southbound passage along the Suez Canal in Egypt. (Kristian Helgesen/Bloomberg News)

A giant containership remains stuck in the Suez Canal, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.

March 24, 2021
Business, Logistics

Shipping Container Crunch Shows Signs of Easing, Index Shows

Shipping containers sit aboard the CMA CGM SA Jacques Saade LNG container ship. (Nathan Lane/Bloomberg News) Shipping containers sit aboard the CMA CGM SA Jacques Saade LNG container ship at the Port of Le Havre in France on Jan. 21. (Nathan Lane/Bloomberg News)

A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.

Brendan Murray | Bloomberg News
January 25, 2021
Business, Logistics, Top 50

Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet

A container ship operated by Maersk leaves the Port of Felixstowe in the U.K. on December 2020. (Chris Ratcliffe/Bloomberg News) A container ship operated by Maersk leaves the Port of Felixstowe in the U.K. on December 2020. (Chris Ratcliffe/Bloomberg News)

A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.

Christian Wienberg | Bloomberg News
January 6, 2021

Pages