Posts tagged “Suez Canal”

Deal reached on release of Ever Given 
The insurer of Ever Given said an agreement in principle has been reached to release the ship from the Suez Canal. 
The UK P&I Club said the deal followed extensive discussions with the Suez Canal Authority’s negotiating committee in recent weeks. 
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Post-Suez box port crunch in Europe less severe than feared 
While the Suez Canal blockage at the end of last month is set to prolong the current operational capacity issues in ocean freight, it has not led to the catastrophic congestion crisis some had feared, major forwarders have told Lloyd’s Loading List. 
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Evergreen blocked from offloading cargo from Ever Given 
Efforts by Evergreen, the operator of Ever Given, to have the vessel’s cargo separated from the ship in any legal action have failed. 
The 20,000 teu Ever Given (IMO: 9811000) was arrested by Egyptian authorities, pending settlement of the Suez Canal Authority’s almost $1bn claim for compensation, after the grounding of the vessel shut down the key waterway for six days last month. 
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Ports brace for 1.9m TEU post-Suez spike 
Logistics visibility specialist project44 has highlighted that container ships faced cumulative delays of more than 1,000 days following the Suez Canal incident late last month and that there is now more than 1.9 million TEU of capacity making their way to ports – “threatening to swamp ports with bottlenecked cargo for weeks to come”. 
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Maersk says post-Suez disruptions will last well into May 
Almost two weeks since the Ever Given was re-floated, box traffic through the Suez Canal has more or less returned to normal, but the knock-on effects will last well into May, Maersk has warned. 
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Ports prepare for Suez surge 
Following the refloating of the 20,000 teu Evergreen containership ‘Ever Given’ that has been blocking the Suez Canal for the best part of a week, attention is now turning to the surge of imports that are due to arrive at Europe’s shores as a backlog of vessels begin to transit the canal. 
Among those ships that have been waiting to transit the canal are 100 containerships with an aggregated capacity of 1m teu, according to figures from Lloyd’s List Intelligence. While some of that cargo is outbound or empties, on average 52% of canal capacity each week is northbound to Europe. 
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Ever Given under way after being floated off 
After a week of disruption, the Suez Canal is preparing to reopen after Ever Given finally gets under way 
The ship that has been blocking Suez Canal transits appears to have finally been pulled clear of the bank side and is now in mid channel, according to automatic identification system data from Lloyd’s List Intelligence. 
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Suez Canal remains blocked despite efforts to re-float grounded ‘Ever Given’ 
The Suez Canal remains closed following the grounding of a fully laden Evergreen-operated 20,000 teu containership on Tuesday, blocking traffic on one of the world’s most important waterways. 
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