The Ever Given saga continues, amid positive news for some of the crew

Shipping and Freight Resource Press Release

With the Ever Given still “legally” stuck in the Great Bitter Lakes in Suez Canal, discussions and concerns have turned to various other issues relating to the cargo, the ship’s crew and General Average.

The “arrest” of the ship by the Suez Canal Authority (SCA) which intends to recover losses of around $916 million including $300 million for salvage bonus and $300 million for loss of reputation, has further complicated life for the ship crew who must have been having anxious moments no doubt.

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What’s next, for the Ever Given and the shipping and freight industry

My Opinion

Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across the Suez Canal.. Although the vessel … Read more here..

Suez Canal Crisis and its aftermath – a legal perspective

Executive Insights - Shipping and Freight Resource - Philip Teoh

The fragility of trade routes which had been sorely tested by disruptions caused by Covid 19, shortage of containers and increased freight rates was once again exposed when the Ever … Read more here..

Suez Canal suspends navigation as work on freeing Ever Given continues

Ever Given - Shipping and Freight Resource - Suez Canal

The Suez Canal Authority officially announced on the 25th March 2021 that navigation through the Suez Canal is temporarily suspended. Announcing the suspension, Admiral Osama Rabie, Chairman and Managing Director … Read more here..

Panama and Suez Canals offer cost reductions for COVID-19

shipping and freight news

While the COVID-19 pandemic continues to affect and disrupt industries, jobs, lives, and economies around the world, there also seems to be a good fightback from the various industries, governments, and organisations.

Shipping lines have been offering time-sensitive cost-saving options for COVID-19 along with some relief in demurrage and detention charges etc.. Governments have been given tax breaks and business rescue packages to those most affected.

Now it seems to be the turn of the two main canals that serve the shipping and freight industry – the Panama Canal and the Suez Canal.

These canals save shipowners costs in terms of the transit, in terms of fuel costs, and also assists in reducing the carbon footprint of the transiting ships but of course both these canals have toll charges for the transit of ships.

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