The lines of fully loaded container vessels waiting to unload thousands of containers in Los Angeles/Long Beach are getting longer and longer.
According to new figures from shipping analyst, CEO and partner of Vespucci Maritime Lars Jensen, the pile-up of container vessels has grown to 59 vessels, demonstrating that the pressure from congestion in the container market isn't improving but worsening, as he states on LinkedIn.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.