Insights

Fleet-Heavy Ocean Carriers Also Stuck With too Many Containers. Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In its latest Container Equipment Forecaster report, Drewry says it expects the global pool of shipping containers to contract, both this year and next. Some 55 million teu of [...]

Maersk And Ever Given Operator Reach Settlement Over Suez Canal Dispute. A settlement has been reached between Maersk Group and the Danish government regarding the Ever Given, a large container ship grounded in 2021 and closed the Suez Canal for six days. The massive Danish shipping company sued unknown parties, requesting damages in the neighbourhood of $45 million. For months, [...]

Israeli-owned ship targeted in suspected drone attack: Reports The vessel reportedly had its tracker turned off, a sign that crew members likely expected a threat in the region. A suspected drone attack has hit a container ship owned by an Israeli businessman in the Indian Ocean, according to a United States defence official. The attack was likely carried out using [...]