Newsletter – July 07, 2023

OCEAN FREIGHT UPDATES

Canadians need the Parties to find common ground, restore stability

bcmeanegotiations.com
At seventeen missed shifts and six days of ILWU Canada’s strike action, we are learning of layoffs in related industries, cargo diversions and disastrous economic impacts in real-time. The BCMEA calls on ILWU Canada to join us in a voluntary mediation-arbitration process to restore stability for Canadians as soon as possible. Read more here

Nagoya port resumes some operations after ransomware attack

ajot.com
The Port of Nagoya began gradually resuming operations Thursday afternoon, the Nagoya Harbor Transportation Association said, after an alleged Russian ransomware attack disrupted cargo packing procedures earlier this week.
Operations at one cargo terminal resumed Thursday at 3 p.m., the association said in a statement. It aims to restart another terminal by 5:30 p.m., and three others by 6:30 pm. Read more here

Ships leave Chittagong half-empty as factories remain closed

theloadstar.com
With Bangladeshi factories remaining shut throughout this week, due to Eid-ul-Azha holidays, vessels are having to leave Chittagong port half empty owing to a lack of cargo.
The factories closed on June 26, and will only reopen this weekend. Read more here (login required).

No kidding, folks – MSC’s ‘erratic M&A journey’ makes a splash

theloadstar.com
At the height of the credit crunch when Lehman Brothers collapsed, Mediterranean Shipping Company (MSC) was just moments away from sinking.
That multi-faceted, collateral-backed and unconfirmed background story concerning the secretive container shipping firm, often behaving and investing well beyond the scope of its core business, occasionally floats around in our circles. Read more here (login required).

The case for offshore container ports

splash247.com
Container ports have evolved significantly since their inception in the 1950s. These ports, where ships dock in protected coastal waters and cargo is unloaded using cantilever cranes on skids, have undergone changes in size, technology, and optimisation. However, despite these adaptations, the traditional design falls short in providing effective solutions for crucial aspects such as high performance, expansion, environmental sustainability, climate change resilience, port congestion, shallow depths, and the accommodation of larger vessels. Read more here