One of the dangers in ocean shipping is calculating the stability of the vessel. As you can see, itis critical. One mistake, unchecked, led to over $200M damage. Plus a sunken ship!
Kim Biggar September 15, 2021
NTSB finds Golden Ray capsized due to inaccurate stability calculations – Splash247
YOu can now have service from Cleveland to Antwerp, Belgium, Europe on a dedicated container ship. It’s not a large one– 869 teu (twenty-foot equivalent units, half of a normal-40 foot ocean container). But it provides a link for Mid-American businesses that avoids using either coast. Antwerp is a major European port.
One of the risks in this trade is the two-month closure of the St Lawrence river locks for maintenance each year. If your goods will be trapped, there is a free-trade zone (FTZ) at Cleveland so you won’t have to pay duty on your detained cargo– it won’t actually be landed yet.
Previously the firm running it, Spliethoff, moved some container trade using a multipurpose ship.
People have been trying to revive the Great Lakes ship trade for a long time. We will see if this gambit works. It looks like Spliethoff has thought through a lot of the problems and brought solutions for some customers.
Sam Chambers September 13, 2021
Great Lakes welcomes regular dedicated liner service – Splash247
Posted in Logistics, Ports, Shipping, Supply Chains
Tagged container shipping, Great Lakes, Logistics, ocean shipping
The third largest liner firm just one-upped other container lines by announcing a freeze in spot rates.
Of course they are at an all-time high. And Hapag-Lloyd, a smaller liner firm, said they had ‘already frozen rates’. But it’s a great piece of publicity.
It is a bit like a car manufacturer saying they will freeze the price of a car at the MSRP (sticker price). No one tries to pay that anyway.
Sam Chambers September 10, 2021
CMA CGM startles rivals by vowing to stop spot rate increases for coming five months – Splash247
Some responses:
Posted in Logistics, Shipping, Strategy, Supply Chains
Tagged container shipping, Logistics, Shipping, spot rates
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