Monthly Archives: June 2021

EXTREME FREIGHT RATES BEGIN TO CHANGE SHIPPERS’ CALCULATIONS

30 JUNE 2021  The containerized shipping industry has been essential to global commerce for its low shipping costs. However, high freight rates are starting to have an impact on consumer goods. Already, consumers have started to feel the pinch of the surge on items such as furniture and coffee. Along …

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ERDOGAN LAUNCHES ISTANBUL CANAL PROJECT

28 JUNE 2021  On Saturday, Turkish President Recep Tayyip Erdogan held a groundbreaking ceremony for the Sazlidere Bridge, part of the Northern Marmara Highway project. Erdogan described it as the long-awaited launch of construction for the massive Kanal Istanbul project, which would cut a bypass route from the Black Sea …

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FRENCH FISHERMEN ATTEMPT TO BLOCKADE WIND FARM INSTALLATION VESSEL

27 JUNE 2021  Last week, after a coordinated social media campaign to raise support for an anti-wind-farm movement, a flotilla of French fishing vessels surrounded the offshore support vessel Aethra at a position near the future Saint-Brieuc wind installation. The Aethra was off the coast of Brittany, conducting repair work on electrical cables for …

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BIMCO EXPECTS WORLD FLEET WILL GROW AT SLOWER PACE IN THE NEXT 5 YEARS

26 JUNE 2021  Despite the recent flurry of construction orders coming primarily in the containership and gas carrier segments, BIMCO in its new analysis of global shipbuilding in forecasting a slowing growth rate for the world’s fleet in the next five years compared to the last five years.  The shipping …

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EVER GIVEN’S OWNER REACHES SETTLEMENT WITH SUEZ CANAL AUTHORITY

25 JUNE 2021  Representatives for ship owner Shoei Kisen Kaisha have reached a tentative agreement with the Suez Canal Authority (SCA) to secure the release of the boxship Ever Given, which has been held in Egyptian custody ever since she ran aground in the Suez Canal in March.  The vessel is carrying …

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WHICH IS THE BEST VACCINE FOR COVID? EXPERTS HAVE AN ANSWER, OF SORTS

24 JUNE 2021 With the rollout of COVID-19 vaccines accelerating, people are increasingly asking which vaccine is best? Even if we tried to answer this question, defining which vaccine is “best” is not simple. Does that mean the vaccine better at protecting you from serious disease? The one that protects you from whichever …

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LEADING SCIENTIST WARNS AN IRREVERSIBLE ARCTIC TIPPING POINT MAY ALREADY BE TRIGGERED

23 JUNE 2021 The tipping point for irreversible global warming may have already been triggered, the scientist who led the biggest-ever expedition to the Arctic warned on Tuesday. “The disappearance of summer sea ice in the Arctic is one of the first landmines in this minefield, one of the tipping …

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SECOND VESSEL REFUSED PERMISSION TO LAND DECEASED CAPTAIN

22 JUNE 2021  For more than a year, leading shipping organizations and charities have been alerting to the hardships faced by seafarers due to the restrictions put in place to control the pandemic. For the second time in a week, news has come out of a deceased seafarer being prevented …

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REPORTS ARE EMERGING OF ‘COVID NAILS’. HERE’S WHAT YOU NEED TO KNOW VASSILIOS VASSILIOU ET AL., THE CONVERSATION

21 JUNE 2021 The main signs of COVID-19 are fever, a cough, fatigue and a loss of your sense of taste and smell. Signs of COVID-19 in the skin have been noted too. But there’s another part of the body where the virus appears to have an impact: the fingernails. Following a COVID-19 infection, for a small …

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X-PRESS PEARL SETTLES TO THE BOTTOM

20 JUNE 2021  More than two weeks after the containership X-Press Pearl began sinking off Sri Lanka, the owners of the vessel have confirmed that the vessel has finally settled to the bottom. The sinking of the burnt-out vessel complicates an already challenging salvage situation with predictions that it could be months …

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