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Ever Forward, a ship of Taiwan shipowner Evergreen, ran aground in the Chesapeake Bay on March 13. The container ship Ever Forward was refloated after a few weeks when the conditions were most favorable, with the help of a full moon and a high spring tide. Ever Forward refloated The Ever Forward container ship, over …
More than 10 million tons of plastic waste end up in our oceans every year. CMA CGM, one of the largest shipping companies, has announced that it will not accept plastic scrap anymore. What is other shipowners’ position on transporting plastic waste? Transporting plastic waste CMA CGM has joined large sea carriers who have decided …
On March 28, lockdown measures on one side of Shanghai, Pudong, came into effect. On April 1, the other side of Shanghai, Puxi, entered lockdown. It is estimated that the measures will impact China’s GDP 2022 growth by 0.15 percent. To prevent the slowdown, the authorities announced new stimulus policies. Shanghai is not only the …
The recent armed conflict in Ukraine endangers the safety and life of many people, and its effects are felt outside the occupied territory. Without a doubt, the invasion has an impact on the New Silk Road rail freight. The war in Ukraine and rail freight – do freight trains run despite the circumstances? China-EU rail …
Lifting restrictions related to Covid-19 is the overall global trend – China is an exception. The recent Shanghai lockdown has affected not only ship delays in China; this temporary measure may impact the global economy. Chinese approach to virus Amid the pandemic, China introduced a “zero-Covid” policy. In practice, even a single detected positive case …
Ever Given From Tuesday, the 23rd of March, the mega-container ship Ever Given (owned by Evergreen) has been blocking the ship traffic in the Suez Canal near Suez in Egypt. The ship was sailing from the Port of Tanjung Pelepas in Malaysia to Rotterdam in the Netherlands. According to a shipping agent GAC, it ran …
The “new normal” has also impacted transportation. At the end of 2020, freight rates skyrocketed, which has never happened before to such an extent. What caused the unprecedented increase in freight rates? Reasons for the increase in freight rates: how has it changed? Previously, the cost of shipping a 40-foot-long container by rail from China …
American and Chinese airlines problem is ongoing. Washington accused Beijing of blocking US carriers from resuming flights to China, which prompted the US authorities to tighten controls on Chinese airlines. The exchange of blows started after the US Department of Transportation stated that Beijing’s regulatory authorities are preventing US carriers from flying between the two …
The coronavirus pandemic and the oil price war, fuelled by Saudi Arabia and Russia, brought oil prices down to record low levels. This must-have affected the condition of oil trading and storage companies. Hin Leong Trading, a huge Singaporean oil trading and storage company has announced its collapse. 800 million USD of losses to Hin …
Zhi Fei – Flying Wisdom – is the name of the first autonomous containership being constructed in China. The construction was launched with a steel cutting ceremony held in mid-May at the Qingdao Shipyard. First Chinese autonomous containership under construction Autonomous container ships (MASS) are seaborne vessels that transport cargo with little or no human …