Suez Canal to be expanded following Ever Given accident
In order to increase security and capacity in the Suez Canal, the canal authority plans to enlarge the southern part of the canal, resulting in two waterways. The expansion follows the accident with Ever Given in 2021.
The southern part of the Suez Canal will be given an extra waterway in order to increase security and capacity after the accident with container ship Ever Given, which blocked the canal for a week in March 2021.
Thursday’s board election at tanker operator Euronav may determine the fate of the large-scale merger with Frontline. The newly elected board will have to reconfirm the merger, states Euronav CEO to ShippingWatch.
Shanghai, which has been shut down for weeks and caused chaos in logistics chains, is heading for a gradual return to normal. But it could take significantly longer before container traffic sees stability return, says shipping analyst.
The technology available for carriers currently fits freight ships better than ferries, according to DFDS. The carrier thus expects to launch ’green’ freight vessels first and will soon choose which fuel to bank on, says top exec.