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Baltimore insurance bill could be on the Costa Concordia scale
Owners may be able to limit liability under international convention, according to BonelliErde partner Vergani
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Red Sea rerouting hits east Mediterranean transhipment hubs
The closure of the Red Sea route to the Mediterranean has seen larger vessels skip the region; this in turn has sent transhipped volumes elsewhere
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Ever Given contract ruling highlights value of Lloyd’s Open Forms
‘The case serves as a reminder to parties to ensure, even when time is short, that a binding contract should be concluded between the parties on all matters,’ says Fiona Cain of Haynes Boone
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US shipbuilding’s China fixation recalls failed renaissance
Vessel-tracking data shows about 10% of merchant ships built in China called at US ports in recent months, highlighting the damage that retaliation from Washington could do. But penalising the Middle Kingdom will not be enough to resurrect US yards
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ONE’s ambitions throw down gauntlet
Ocean Network Express wants to play in container shipping’s premier league. But that raises questions over who faces relegation
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Vessels divert following Baltimore bridge collapse
Ships scheduled to call at Baltimore begin to reroute to alternative ports in the region following Tuesday’s tragedy in the US city
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Six still missing after Baltimore bridge collapse
Rescuers are searching the Patapsco river for six missing people after the Maersk-chartered boxship Dali lost power and crashed into a Baltimore bridge. All crew members, including two river pilots, have been accounted for and no pollution reported
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Somali piracy is back and a show of force from India may not be enough to stop it
There are four known pirate groups stalking the Indian Ocean for ships to hijack and 22 Indian naval assets trying to stop them. That may not be enough to deter the pirates and it will only take one successful ransom to spark a rapid escalation in piracy that stretched navies will struggle to contain
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The week in charts: Red Sea rerouting hits Med hubs | Novorossiysk-bound ships detour | Fresh flag of choice for Russia-calling dark fleet | ONE outlines growth plan
Red Sea crisis causes drop in eastern Mediterranean vessel calls heightened drone threat prompts Black Sea diversions, while Antigua and Barbuda become the latest flag of choice for Russia-bound dark fleet tankers
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Yard capacity control crucial to sustaining newbuild price surge
Although newbuilding orders are slowing, ship prices continue to soar to highest levels since the industry’s previous supercycle in 2008
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Latest From Ports and Logistics
Sanctioned Russian ships unload in Italy
When Pola Pelagia berths it will be the second time a Russian sanctioned ship delivers cargo to Italy in a month. So far this year just over 50 Russia-flagged ships have called at EU ports
Cosco Shipping Ports chief denies knowledge of Houthi-China deal
Zhu Tao, chief executive of state-owned Cosco Shipping Ports, claims to be unaware of a reported agreement between Houthi militants and China to ensure safe passage through the Bab el Mandab Strait
UPDATED: Dali pilot called for tugs minutes before catastrophic allision
The US National Transportation Safety Board has retrieved preliminary data from Dali’s voyage data recorder. It showed that a pilot on board the boxship called for tugs just over two minutes before it hit the Francis Scott Key Bridge. A little less than a minute later, he radioed that Dali had lost all power and was approaching the bridge
More from Containers
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Latest From Containers
Ever Given contract ruling highlights value of Lloyd’s Open Forms
‘The case serves as a reminder to parties to ensure, even when time is short, that a binding contract should be concluded between the parties on all matters,’ says Fiona Cain of Haynes Boone
Cosco Shipping Ports chief denies knowledge of Houthi-China deal
Zhu Tao, chief executive of state-owned Cosco Shipping Ports, claims to be unaware of a reported agreement between Houthi militants and China to ensure safe passage through the Bab el Mandab Strait
Nearshoring and low newbuilding orderbook to benefit ro-ro sector
Ro-ro operators changing their services to accommodate the nearshoring of European trade is sure to be a theme for 2024 and beyond, says BRS. The shipbroker draws attention to the dire need for the fleet renewal of smaller ro-ro cargoships
US shipbuilding’s China fixation recalls failed renaissance
Vessel-tracking data shows about 10% of merchant ships built in China called at US ports in recent months, highlighting the damage that retaliation from Washington could do. But penalising the Middle Kingdom will not be enough to resurrect US yards
ONE’s ambitions throw down gauntlet
Ocean Network Express wants to play in container shipping’s premier league. But that raises questions over who faces relegation
Box carriers begin to reroute following Baltimore bridge collapse
Neighbouring ports should be able to easily take vessels that can no longer call at Baltimore. But some delays to cargo are expected as networks are reshaped
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