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What Happened In The Suez Canal, And What Does It Mean For Global Trade?
A giant container ship under the name Ever Given ran aground in the Suez Canal in Egypt on the 23rd March 2021. Here’s how it all...
icarussmith20
Mar 30, 20215 min read


Hopes of reopening Suez Canal boosted by partial refloating of jammed ship
ISMAILIA, Egypt (Reuters) - A huge container ship blocking Egypt’s Suez Canal for nearly a week has been partially refloated, raising...
icarussmith20
Mar 29, 20213 min read


Suez Canal steps up efforts to remove blockage as shipping rates surge, tankers diverted away
CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a giant stuck container ship and end a blockage that has sent...
icarussmith20
Mar 28, 20214 min read


Ship in blocked convoy in Suez Canal on move, say source and witness
CAIRO (Reuters) - The first ship from a convoy that had been blocked by a stranded vessel in the Suez Canal is on the move, indicating a...
icarussmith20
Mar 25, 20211 min read


Massive cargo ship that blocked Egypt’s Suez Canal is reportedly on the move
A cargo container ship that’s among the largest in the world turned sideways and blocked all traffic in Egypt’s Suez Canal, officials...
icarussmith20
Mar 24, 20212 min read


Global shipping could take a hit due to lack of vaccine access for seafarers
The International Chamber of Shipping is warning the global shipping community the lack of access to vaccines for seafarers will place...
icarussmith20
Mar 22, 20213 min read


Russia’s Arctic MiGs Can Cover The Country’s Entire Northern Shipping Route
The U.S. Air Force is working hard to expand the number of bases that can support the service’s most powerful warplanes for missions over...
icarussmith20
Mar 21, 20212 min read


Shipping Logjams Spread on Crush of Imports
Logjams at U.S. ports are spreading beyond Southern California’s choked gateways, and shipping officials are projecting the backups will...
icarussmith20
Mar 20, 20213 min read


India’s Top Shipping Company Set to Kick Off Privatization Push
At least five maritime operators are in talks with the Indian government to buy a majority stake in the country’s biggest shipping...
icarussmith20
Mar 11, 20213 min read


Uber Freight’s Market Access solution helps shippers manage supply chain risks
In February, Uber Technologies Inc. (NYSE:UBER) released its fourth-quarter earnings, showcasing its subsidiary, Uber Freight, which...
icarussmith20
Mar 10, 20212 min read


Maersk to Launch World’s First Carbon Neutral Vessel in 2023, If Partners Play Along
AP Moller-Maersk says it will launch the world’s first carbon neutral liner vessel in 2023, seven years ahead of its original goal. The...
icarussmith20
Mar 5, 20212 min read


US coffee roasters weigh price increases, cite shipping inflation
Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their...
icarussmith20
Mar 3, 20212 min read


ICE sees spike in shipping fuel and wet freight derivatives trade activity
SINGAPORE, Feb 26 (Reuters) - Trading in 0.5% Marine Fuel Oil (MFO) and Wet Freight contracts hit record levels this month, a year after...
icarussmith20
Feb 28, 20212 min read


Post-Covid-19, Shipping Tailwinds Will Still Be Strong
Shipping companies have steamed out of 2020 in ship shape as freight rates hit highs. The rollout of vaccines around the world will...
icarussmith20
Feb 27, 20212 min read


The latest consequence of climate change: The Arctic is now open for business year-round
The Arctic is now open for business year-round after a large commercial ship sailed the Northern Sea Route from Jiangsu, China, to a...
icarussmith20
Feb 23, 20214 min read


Shipping climate change bill could be passed on to consumers
Consumers could end up picking up the cost of increased shipping charges to tackle climate change, according to Maersk's (AMKBY) CEO. The...
icarussmith20
Feb 22, 20212 min read


Shipping Container Shortage Gives Commodity Prices Extra Boost
It has rarely been more expensive to move sugar, coffee and copper around the world by sea. Ocean freight rates began to soar last...
icarussmith20
Feb 18, 20213 min read


Container shipping locked in a ‘significant bottleneck’ as demand surges back
Container shipping firms are locked in a “significant bottleneck” as resurgent global demand stretches capacity and drives up freight...
icarussmith20
Feb 10, 20213 min read


Ocean container losses topple annual average in 2 months
The World Shipping Council issued an eye-opening report last July. What seemed like a steady stream of vessel fires, capesizes and...
icarussmith20
Feb 7, 20216 min read


California asks Federal Maritime Commission to take action on agricultural shipping delays
Just one week after CNBC’s two month investigation into shipping carriers’ rejection of U.S. agricultural exports, California is calling...
icarussmith20
Feb 3, 20214 min read
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