GENERAL AVERAGE DECLARED ON MAERSK FRANKFURT General average has been declared on the badly burnt Maersk Frankfurt, a brand new 5,500 teu boxship which caught fire a week ago. Once the onboard containers are discharged from the vessel at a safe location, they will not be released for on-carriage or delivery until cargo interests have …
GLOBAL SUPPLY CHAIN DISRUPTIONS CONTINUE DUE TO RED SEA SITUATION The fallout from the ongoing Red Sea situation continues to create significant challenges for global supply chains and customers, according to Maersk’s Asia Pacific July Market Update. Since December 2023, industry-wide disruptions have forced vessels to divert around the Cape of Good Hope, causing unprecedented …
THREAT OF PORT STRIKES ACROSS NORTH AMERICA HAS SHIPPERS ON EDGE The threat of port strikes across North America continues to send jitters across already stressed supply chains. Canada’s Industrial Relations Board (CIRB) over the weekend ruled that a planned 72-hour strike against DP World in Canada went against the country’s labour code, narrowly averting …
THIS UP THEIR KAMIKAZE DRONE BOAT CAMPAIGN The Houthis are preparing to deploy more drone boats packed with explosives in their ongoing campaign against merchant shipping in support of Hamas’s war with Israel. United Kingdom Maritime Trade Operations (UKMTO) reported an incident where the bulk carrier Summer Lady was approached yesterday morning by 12 small craft in the southern end of the Red …
HOUTHIS ASSERT ATTACKS IN MED AND RED SEA INCLUDING FIVE MISSILES AT A SHIP The Houthis are asserting a broad array of attacks conducted on a range of ships in both the Mediterranean and the Red Sea, including a barrage at one vessel and targeting a Maersk vessel. Spokesperson Yahya Saree asserted all the attacks …
CREWS EVACUATED FROM TWO SHIPS HIT BY THE HOUTHIS The crews of two vessels struck by the Houthis in recent days were forced to evacuate ship over the weekend with the Yemeni militants showing no let-up in their attacks on merchant shipping. Both ships are reportedly at risk of sinking. The Houthis have displayed greater …
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