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No visible flames on YM Mobility, says Yang Ming

No visible flames on YM Mobility, says Yang Ming

The fire on board YM Mobility seems to be under control with ‘no visible flames on board’ as cooling efforts continue following Friday’s explosion, according to Yang Ming.

There are ‘no visible flames’ on board the YM Mobility, following a massive explosion on Friday that ignited a fire on the Liberian-flagged container ship, according to an update from its operator, Yang Ming Marine Transport Corporation

As WorldCargo News reported on Friday, the Post Panamax containership (6,589 TEU) suffered a powerful explosion near its bow. The 2021-built vessel was reportedly berthed at the Ningbo Beilun Phase III Terminal when the blast occurred. The vessel operates on the AG2 service between the Far East and the Middle East Gulf region, a service string of THE Alliance involving Yang Ming (YML), COSCO, Hapag-Lloyd, HMM, and ONE.The fire prompted immediate firefighting measures. The company informed on Saturday that cooling efforts with water...

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Red Sea disruptions impacting entire ocean network

Red Sea disruptions impacting entire ocean network

News 18 Jul 2024  As the Red Sea crisis protracts into the third quarter of 2024, Maersk points to the domino effect of the disruptions across the global ocean network. The Red Sea crisis, which began in December 2023, has had massive impacts on global supply chains, a situation that...

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Some carriers are starting to omit Singapore, according to Sand

Some carriers are starting to omit Singapore, according to Sand

In a statement to WorldCargo News, Xeneta’s Chief Analyst discusses Singapore’s port congestion impacting global shipment networks significantly. Peter Sand, Xeneta’s Chief Analyst, provided WorldCargo News with updates on the situation in Singapore regarding vessel waiting...

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Freight rates to surpass Red Sea crisis peak

Freight rates to surpass Red Sea crisis peak

31 May 2024  Businesses are already shipping cargo for the Christmas period in May Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on 1 June, according to the latest data...

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Schedule reliability figures improve

Schedule reliability figures improve

Sea-Intelligence has unveiled its latest Global Liner Performance report, indicating an uptick in schedule reliability up to March 2024, albeit still below levels seen before the crisis. In their recent publication, Sea-Intelligence presents the most current Global Liner Performance report,...

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Ukraine to resume Ro-Ro and container shipping

Ukraine to resume Ro-Ro and container shipping

Ukraine to resume Ro-Ro and container shipping – March 2024 While Ukraine has managed to expand throughput via its sea harbours to 75% of pre-war levels, further growth is hindered by reduced production volumes With its Black Sea ports under threat from Russia’s navy and its...

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Baltimore bridge collapse could cause supply chain disruption, says Xeneta

Baltimore bridge collapse could cause supply chain disruption, says Xeneta

Supply chain disruption can be expected after the collapse of the Baltimore bridge, however, neighbouring New York/New Jersey and Virginia can handle additional container imports if Baltimore remains inaccessible The collapse of the Francis Scott Key Bridge in Baltimore is expected to result in...

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Maersk has said it is pausing all journeys through the Red Sea

Maersk has said it is pausing all journeys through the Red Sea

The decision comes after a spate of attacks on vessels launched from a part of Yemen controlled by the Houthis - an Iran-backed rebel movement. The group has declared their support for Hamas and say they are targeting ships travelling to Israel. The Red Sea is one the world's most important...

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BAN ON THE IMPORT OF IRON AND STEEL OF RUSSIAN ORIGIN

BAN ON THE IMPORT OF IRON AND STEEL OF RUSSIAN ORIGIN

As part of broader trade sanctions against Russia the UK introduced a ban on iron and steel of Russian origin with effect from 30th September 2023. The UK will enforce a ban on the import of third-country processed iron and steel of Russian origin. To help businesses comply, the Government has...

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Northern Ireland Duty Reimbursement Scheme Launches

Northern Ireland Duty Reimbursement Scheme Launches

Traders can now reclaim duty on “at risk” goods moving into Northern Ireland which do not subsequently move into the EU after HMRC launched the Duty Reimbursement Scheme today (June 30th). The scheme allows traders moving goods into Northern Ireland to reclaim EU duty where they...

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TARGET OPERATING MODEL (TOM) RELEASED

TARGET OPERATING MODEL (TOM) RELEASED

TARGET OPERATING MODEL (TOM) RELEASED The UK Government, in collaboration with the Scottish and Welsh Governments, has today (5 April 2023) published its plan to strengthen our borders against biosecurity threats and illegal imports. The draft Border Target Operating Model (TOM)...

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2M breakup throws carriers’ operating playbook out the window

2M breakup throws carriers’ operating playbook out the window

No one remotely familiar with container shipping, when they first saw the Jan. 25 announcement of the breakup of the 2M alliance, failed to recognize the thunderclap it represented for the industry and supply chains more broadly. The immediate recognition of seismic significance echoed that of the...

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Sourcing shift from China pulls US import share to more than a decade low

Sourcing shift from China pulls US import share to more than a decade low

Efforts by U.S. importers to reduce their reliance on China to mitigate the risks of pandemic-driven disruption and rising geopolitical tensions are finally showing up in containerized trade flow, reaccelerating a decades-long bleed of production out of the so-called world's factory. China,...

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Congestion in Shanghai

Congestion in Shanghai

Port congestion in mainland China continued to remain high with extended lockdown measures As COVID-19 lockdown measures were extended from Shanghai to more Chinese cities including parts of Beijing, port congestion rebounded in northern Chinese ports. Moreover, many vessels are trying to find...

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Schedule reliability drops to an all-time low in August

Schedule reliability drops to an all-time low in August

Sea-Intelligence’s latest figures on the main ocean trade lanes show that schedule reliability dropped to 33.6% in August, as Maersk explains how it is trying to maintain its ‘most reliable’ position Although schedule reliability has hovered between 35%-40% for most of the...

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CARRIER DISRUPTION / RELIABILITY 2021

CARRIER DISRUPTION / RELIABILITY 2021

CARRIER DISRUPTION / RELIABILITY (July 2021) The container shipping analyst’s latest Global Liner Performance (GLP) report, with schedule reliability figures up to and including July 2021, covers schedule reliability across 34 different trades lanes and 60+ carriers, and indicates...

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Liverpool recovering from severe port disruption

Liverpool recovering from severe port disruption

Monday, 21 June 2021 Northwest England port acknowledges serious problems in the last two weeks but said it had begun working through the backlog last week and implemented a number of measures it hopes will significantly ease the congestion and delays The Port of Liverpool is hoping to make...

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US ports ‘struggling to keep up’ amid more record imports

US ports ‘struggling to keep up’ amid more record imports

Thursday, 17 June 2021 With volumes up by more than a quarter on 2019 levels and with the traditional container shipping peak-season fast approaching, US west coast ports ‘will continue to face massive amounts of pressure’, says Bimco With consumer demand staying strong and with...

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UK looking to delay new EU border checks

UK looking to delay new EU border checks

Government considering relaxing post-Brexit plans next month for border checks on food and other imports from the European Union because of fears of severe shortages UK government Ministers are preparing to potentially relax post-Brexit plans for border checks on food and other imports from the...

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