Containers
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Baltimore insurance bill could be on the Costa Concordia scale
Owners may be able to limit liability under international convention, according to BonelliErde partner Vergani
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
Transpacific contract negotiations going down to the wire
The upside scenario for shipping lines – Houthi-inflated spot rates spur big gains in annual transpacific rates – is not happening, says Flexport. Carriers are seeking relatively small year-on-year increases
Ever Given contract ruling highlights value of Lloyd’s Open Forms
‘The case serves as a reminder to parties to ensure, even when time is short, that a binding contract should be concluded between the parties on all matters,’ says Fiona Cain of Haynes Boone
US shipbuilding’s China fixation recalls failed renaissance
Vessel-tracking data shows about 10% of merchant ships built in China called at US ports in recent months, highlighting the damage that retaliation from Washington could do. But penalising the Middle Kingdom will not be enough to resurrect US yards
ONE’s ambitions throw down gauntlet
Ocean Network Express wants to play in container shipping’s premier league. But that raises questions over who faces relegation
Vessels divert following Baltimore bridge collapse
Ships scheduled to call at Baltimore begin to reroute to alternative ports in the region following Tuesday’s tragedy in the US city
Six still missing after Baltimore bridge collapse
Rescuers are searching the Patapsco river for six missing people after the Maersk-chartered boxship Dali lost power and crashed into a Baltimore bridge. All crew members, including two river pilots, have been accounted for and no pollution reported
Somali piracy is back and a show of force from India may not be enough to stop it
There are four known pirate groups stalking the Indian Ocean for ships to hijack and 22 Indian naval assets trying to stop them. That may not be enough to deter the pirates and it will only take one successful ransom to spark a rapid escalation in piracy that stretched navies will struggle to contain
The week in charts: Red Sea rerouting hits Med hubs | Novorossiysk-bound ships detour | Fresh flag of choice for Russia-calling dark fleet | ONE outlines growth plan
Red Sea crisis causes drop in eastern Mediterranean vessel calls heightened drone threat prompts Black Sea diversions, while Antigua and Barbuda become the latest flag of choice for Russia-bound dark fleet tankers
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Latest From Ports and Logistics
White House provides $60m in initial emergency funds to Key Bridge disaster
First round of funds towards the debris removal and reconstruction of the critical artery was allocated by the US Department of Transportation on Thursday. Meanwhile, officials said 14 of the 56 containers onboard the Dali carrying hazardous materials – soaps, perfumes, or not otherwise specified resin – were breached. They did not immediately confirm whether any were submerged
Sanctioned Russian ships unload in Italy
When Pola Pelagia berths it will be the second time a Russian sanctioned ship delivers cargo to Italy in a month. So far this year just over 50 Russia-flagged ships have called at EU ports
Cosco Shipping Ports chief denies knowledge of Houthi-China deal
Zhu Tao, chief executive of state-owned Cosco Shipping Ports, claims to be unaware of a reported agreement between Houthi militants and China to ensure safe passage through the Bab el Mandab Strait
More from Containers
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Latest From Containers
Transpacific contract negotiations going down to the wire
The upside scenario for shipping lines – Houthi-inflated spot rates spur big gains in annual transpacific rates – is not happening, says Flexport. Carriers are seeking relatively small year-on-year increases
Ever Given contract ruling highlights value of Lloyd’s Open Forms
‘The case serves as a reminder to parties to ensure, even when time is short, that a binding contract should be concluded between the parties on all matters,’ says Fiona Cain of Haynes Boone
Cosco Shipping Ports chief denies knowledge of Houthi-China deal
Zhu Tao, chief executive of state-owned Cosco Shipping Ports, claims to be unaware of a reported agreement between Houthi militants and China to ensure safe passage through the Bab el Mandab Strait
Nearshoring and low newbuilding orderbook to benefit ro-ro sector
Ro-ro operators changing their services to accommodate the nearshoring of European trade is sure to be a theme for 2024 and beyond, says BRS. The shipbroker draws attention to the dire need for the fleet renewal of smaller ro-ro cargoships
US shipbuilding’s China fixation recalls failed renaissance
Vessel-tracking data shows about 10% of merchant ships built in China called at US ports in recent months, highlighting the damage that retaliation from Washington could do. But penalising the Middle Kingdom will not be enough to resurrect US yards
ONE’s ambitions throw down gauntlet
Ocean Network Express wants to play in container shipping’s premier league. But that raises questions over who faces relegation
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