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...Diverting container ships via the Cape of Good Hope adds about 13,000km in distance for an Asia-Europe round trip, and hundreds of dollars per container, Clerc said....
...In the late 1970s late patriarch Jacques Saadé bet that container ships would revolutionise world transport; not long after, the family fled from war-torn Beirut to Marseille....
...Despite Belgium imposing a ban on purchasing Nuctech equipment in 2023, some of its products remain in use, including several container and baggage scanners....
...That seems to be the strategy adopted by big container shipping companies....
...However, most container ships are avoiding the route as well as the Suez Canal because of attacks by the Houthis....
...ONE was formed in 2018 through the merger of the container businesses of Japan’s NYK Line, K Line and Mol. Container ships mostly carry manufactured goods in steel boxes....
...They are also an important route for container ships going to and from Khalifa and the vast container port at Jebel Ali, in Dubai....
...After coming around South Africa, many vessels are dropping off containers at ports on the western side of the Mediterranean such as Algeciras and Tangier....
...Oil prices jumped more than 2 per cent on Wednesday as the threat of Houthi rebel attacks on container ships in the Red Sea continued to roil commodity markets....
...Our Shipping Equity Research team pointed out that these bottlenecks will impact container trade most, with 8.1% of global container volume traversing the Panama Canal and 28% flowing through the Suez....
...The Clarksons research found that, on January 9, there were 364 container ships, with a capacity of 4.2mn 20-foot containers (TEUs), operating on routes diverted via the Cape of Good Hope....
...to $3,100 per standard 40-foot container from $1,400, according to Xeneta....
...The shortfall had left about 700,000 people stuck in more than 400 container cities, according to Afad....
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
...The waterway accounts for 30 per cent of all container ship traffic and is a vital conduit for crude oil shipments....
...Now the attacks on container ships navigating the Red Sea have forced vessels to take longer journeys around the Cape of Good Hope, cutting into expected excess capacity in the sector this year....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
...from China to Poland were 14,532 twenty-foot equivalent units (TEUs) of containers in January....
Move includes billions of dollars to replace container cranes amid concerns hackers could disrupt supply chains
...The operator of the world’s second-largest container ship fleet will resume sending vessels through the Red Sea after a US-led coalition began providing naval security against attacks by Iran-backed Houthi...
...Two container ships could be seen anchored downstream of the crumpled Francis Scott Key Bridge on Wednesday, waiting to enter Baltimore or be redirected to other east coast ports....
...According to the congressional letter, the company accounts for 80 per cent of cranes at US container terminals....
...Container throughput in Hong Kong fell 14 per cent last year to 14.3mn twenty-foot equivalent units (TEUs), according to figures from maritime consultancy Drewry....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said container ships in recent years had been operating at 14 knots, the equivalent of about 16 miles per hour...
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