Tuesday, January 19th, 2021
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Tweet of the Day: Ryan Petersen, CEO, FLEXPORT (@typesfast)

Twitter Bird

PortandTerminal.com, January 19, 2021 HALIFAX, NOVA SCOTIA – Ryan Petersen, CEO of FLEXPORT shares a graph that shows the eye-watering rise in the cost of shipping a 40-foot container from Shanghai to Los Angeles. Credit is due to Drewy for the graph in Petersen’s link. What happened?— 🦁 Mariano (@mibaragiola) January 19, 2021 Bloomberg reported last week that the cost …

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Maersk on Piracy: “Effective military capacity needs to be deployed.”

Pirates. Guns. Boat. Camoflage

BLOOMBERG, JANUARY 18, 2021 “The risk has reached a level where effective military capacity needs to be deployed.” (Bloomberg) — The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number of attacks on vessels globally jumped 20% last year to 195, with 135 crew …

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VIDEO: Bulker sinks in Black Sea. 4 bodies recovered.

ship sinking in rough seas

PortandTerminal.com, January 17, 2021 ISTANBUL – Russian bulk cargo ship M/V ARVIN (IMO 8874316) sank in the Black Sea off the coast of Turkey on Sunday (January 17) in bad weather. The vessel is reported to have been underway from Poti Georgia to Burgas Bulgaria and sank after taking attempting to shelter from a storm. Four crew members’ bodies have …

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Crew Change: “It’s just a matter of time before something disastrous happens”

Ship crew on bridge of vessel

REUTERS, JANUARY 13, 2021 LONDON, Jan 13 (Reuters) – A group of leading investors on Wednesday called for an end to a crisis involving hundreds of thousands of seafarers stuck on ships for many months due to COVID-19, warning that the situation was creating bigger risks every day. About 90% of world trade is transported by sea, and coronavirus restrictions …

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LNG Cargo Prices Rising Faster Than Bitcoin

LNG tanker. Wind turbines

BLOOMBERG, JANUARY 13, 2021 Exxon, Total, Shell are among sellers with cargoes available |  Gunvor, Vitol and Trafigura snap up LNG tankers amid shortage By Anna Shiryaevskaya, Andy Hoffman, Stephen Stapczynski, and Sergio Chapa for Bloomberg After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of …

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Iran tells South Korea not to politicise seized vessel, demands release of funds

Red tanker

REUTERS, JANUARY 10, 2021 DUBAI (Reuters) – Iran said on Sunday that South Korea should avoid politicising the seizure of its vessel by Iranian Revolutionary Guards in the Gulf, Iranian state media reported, while pressing Seoul to release $7 billion in funds frozen amid U.S. sanctions. South Korea’s vice foreign minister, Choi Jong-kun, arrived in Tehran on Sunday to discuss …

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VIDEO: Iraqi forces detach and detonate limpet mine from tanker

Screen grab. Explosion in water.

PortandTerminal.com, January 5, 2021 BAGHDAD – Video has been released today showing Iraqi forces detonating a limpet mine that had been discovered attached to the MT Pola, a Liberian-flagged tanker sailing in the waters off the Iraqi port of Basra. Iraq’s military on Saturday said that explosives experts with its naval forces had successfully dismantled the mine. The discovery of …

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South Korean-flagged tanker seized by Iran, Seoul demands release

Aerial view of tanker in ocean

REUTERS, JANUARY 4, 2021 DUBAI/SEOUL (Reuters) – Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, Iranian media said on Monday, amid tensions between Tehran and Seoul over Iranian funds frozen in South Korean banks due to U.S. sanctions.   Seoul confirmed the seizure of a South Korean chemical tanker by Iranian authorities in …

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Evergreen container ship loses 36 boxes at sea

Side view of container ship with loose containers visible

PortandTerminal.com, January 3, 2021 TAIPEI – Taiwanese shipping company Evergreen Marine Corporation announced yesterday that 36 containers had fallen off its vessel EVER LIBERAL after leaving the Port of Busan en route to Los Angeles on December 30. According to Evergreen, the 8,452 TEU container ship encountered strong winds and rough seas 20 nautical miles south of Kyushu, Japan, causing …

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