Seafarers make the world work………They deserve our support

seafarers are keyworkers who make the world work and seafarers deserve our support

BIMCO has launched an initiative to raise awareness about the crucial role of shipping and its seafarers. Seafarers are keyworkers who make the world work and seafarers deserve our support.

Help raise awareness outside the shipping industry by sharing these videos which reflect the struggle faced by seafarers on a daily basis.

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Update 27.05.2021 – X-Press Pearl fire off Colombo

News - Shipping and Freight Resource

As you may have read, the X-Press Pearl, a 1400+ TEU capacity, 2 month old feeder vessel operated by X-Press feeders on their Singapore/Middle East service is currently burning in the Indian Ocean close to the port of Colombo.

The fire which started on the 19th of May 2021 while waiting at anchorage, was subsequently brought under control with the help of the Sri Lanka Ports Authority (SLPA), Sri Lanka Navy and the Sri Lankan Airforce which dropped fire suppressing powder on the vessel, but the fire started again followed by an explosion which is still burning.

Here is the latest update on the situation.

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Suez Canal Authority softens stand on Ever Given while blame game continues

news - shipping and freight resource

It’s been a while since we wrote about the Ever Given, the main character in one of the most complicated stories in shipping history which ironically didn’t involve any damage to the ship or containers on board..

No one knows though about the status of the cargoes on board – especially perishable cargo in reefer containers or cargoes with a shelf life still inside the containers on board or any hazardous cargoes that maybe stewing in the hot African sun..

Just in case you have forgotten what happened, here is a recap and also the current status..

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Is bigger always better – Economies of scale and gigantism in shipping

Opinion Piece

The winds of change within the context of containerized shipping have been sweeping to say the least. In the pursuit of environmental sustainability, digitalization, operational and commercial efficiency, and collaborative practices the containerized fleet and the industries commercial practices have been radically modified over a significantly short period of time.

With gigantism being the most popular trend currently pursued by the world’s major carriers a new global context has concurrently begun to rear its head.

The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes.

Thus, whilst the argument for economies of scale relative to container vessel sizes makes for a seemingly sensible commercial case, such developments have the potential to seriously impact ports and the entirety of logistics chain, including production.

This begs the question is bigger always better and what alternatives exist?

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Blank sailing schedules portend delays well into the summer – project44

News - Shipping and Freight Resource

A project44 analysis of the schedules of various shipping lines indicates that cargo delays could last well into the summer with several blank sailings seen in the schedules.

With maxed-out vessels skipping more ports, project44 is warning shippers to adopt proactive supply chain strategies that anticipate delays.

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Supply chain delay worsens as container rollover rates rises across many ports

cargo rollover

“Rising Rollover Rates Show Worsening Maritime Supply Chain Delays”.. This is the gist of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.

The report and figures indicate that maritime supply chain woes are worsening, with little indication that carriers are addressing the industry’s serious capacity issues.

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Rainbow containers, a symbol of diversity and #InclusionAlltheway

rainbow flag - inclusion and diversity - shipping and freight resource

In their Sustainability Report of 2020, Maersk mentioned that “Diversity and inclusion are part of our value system, and our support for social justice and anti-discrimination is also expected by our employees“.

In line with this, Maersk launched their Maersk for Inclusion Excellence groups in the North American Region.. As part of this initiative, Maersk painted two (1×20′ & 1×40′) of their shipping containers with a rainbow to symbolise inclusion and diversity and integrated these containers into their fleet.

These containers are on a world tour and have currently reached Netherlands.

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When can a bank guarantee against a lost bill of lading be cancelled..??

In cases where an original bill of lading is lost, there are several steps that need to be taken to carry on business and secure release without an original.. I previously wrote about What to do when an Original Bill of lading is lost so I am not discussing it again here..

One of the solutions for release without original bill of lading is a Bank Guarantee..

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Ever Given in a nutshell

Shared article

Whether for its size and status as one of the largest container ships in the world or because it was famously termed as a “boat that was stuck in a canal”, the Ever Given will remain in people’s minds either as a memorable incident (to those who worked to free it) or as a haunting incident (to the ship owner, ship operator, ship crew and soon maybe the customers)..

Muthu Jagannath of NAU Pte Ltd., provides relevant and pertinent information about the Ever Given, its arrest, the implications of the arrest, insurance and counter claims in this article originally published on their website..

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Hire payment in time charters: a condition or not – a legal perspective

chartering

Chartering is an important concept of the global maritime trade sector and it consists of different types. One of the forms of carrying out a maritime business is a time charter.

Under a time charter, the owners undertake to place their ship at the disposal of the charterers for a defined period of time for the carriage of goods in accordance with the charterer’s instruction, while the ship remains in both the ownership and possession of the owners, and the officers and crew who man her will be the employees of the owners, not the charterers.

In this article we are going to look at some particulars of time charters and, in particular, New York Produce Exchange Form 1993 (NYPE 1993) recommended by BIMCO and FONASBA.

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Analyzing the cost of container scarcity and port congestion on freight operations – market survey & results

Ever Given - Shipping and Freight Resource - Suez Canal

The weight of COVID-19 saw supply chains buckle, as stakeholders had little visibility into end-to-end logistics operations. Last summer, an unexpected surge in consumption levels caught container lines by surprise, … Read more here..

Update on FMC’s Fact Finding 29 on Global Container Alliance practices

global container alliance - shipping and freight resource

Fact Finding 29 is an order by the Federal Maritime Commission to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act. Commissioner … Read more here..

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