Suez Canal reopens as the Ever Given Ship is finally freed by salvage crews

The stranded container ship is seen finally on the move and no longer blocking the canal.

Traffic has resumed in Egypt’s Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews.

Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the help of dredgers.

Hundreds of ships are waiting to pass through the canal which links the Mediterranean to the Red Sea.

Read more from the BBC >

Suez Canal blocked for the fourth day in a row

The huge 400m-long ship called Ever Given, operated by a Taiwanese company called Evergreen Marine is one of the largest container vessels in the world. Weighing in at 200,000 tonnes it has a maximum capacity of 20,000 containers.

A gust of wind blew the ship off course on Tuesday, causing it to run aground, blocking one of the key waterways in the world, and affecting many other ships.

Blocking one of the world’s busiest trade routes, work is underway to clear the blockage which has created a massive tailback of other ships – more than 160 vessels – which are trying to pass through the canal.

The Suez Canal has long been an important trade route which separates Africa from the Middle East and Asia. As long as it continues the blockage is holding up billions of pounds worth of goods per day.

There is now an effort to refloat the wedged container ship. Read more from the BBC >

Related page: Ocean Freight >

COVID-19 VACCINE: The largest international delivery ever

COVID-19 VACCINE: The largest international delivery everHow do you vaccinate a population of billions?
It’s the news the world has been waiting for: the Covid-19 vaccines are here. However, with a population of billions waiting to be vaccinated, the work has only just begun. As the largest international delivery in history gets underway, our partner DHL, looks at the logistical challenges facing the global rollout, and the integral role supply chain infrastructure will play to get the world back on its feet.
Read more from DHL >

Looking for a ‘freight-forwarding’ service to bolster your exports?  Simply call our friendly and helpful team on: +44 (0) 1709 610 000, send a message or complete our IFS Shipment Note >

Stenn launches $500 million Covid-19 Recovery Program

Stenn launches $500 million Covid-19 Recovery ProgramFollowing the continued disruption to global supply chains due to the Covid-19 pandemic, international trade finance provider Stenn, has announced the launch of a $500 million fund to support the restart of global trade.

Stenn is a UK-based data and financial technology company providing flexible financing to companies engaged in cross-border trade.

Developed to ensure the liquidity of international trade, this $500m program is for importers in the US, EU and beyond and is designed to help their suppliers. Importers can return to pre-Covid-19 payment terms while suppliers are paid at shipment, meaning liquidity is no longer locked in inventory or transport and suppliers get their money fast.

For further information and to apply for funding visit: www.c19-trade-recovery-program.com

Looking for a ‘freight-forwarding’ service to bolster your exports?  Simply call our friendly and helpful team on: +44 (0) 1709 610 000, send a message or complete our IFS Shipment Note >

The Forwarding Sector – Remaining strong in changing times

Remaining strong in changing timesThe threat of digitalisation is no threat at all says the Director General of the British International Freight Association (BIFA), Robert Keen.

As Covid-19 accelerates digitalisation there has been fear that traditional freight forwarding may lose its niche in the market. Over the last five years reports have suggested the rise of software start-ups would mean the end for forwarders. But is this really the case? History often repeats itself as the saying goes…

“There’s this idea that if forwarders do not adapt, they will die – but you just need to look back at the sector’s history, it has always adapted. One forwarder I know – a family-owned European firm – has in their archive a letter from a great-grandparent proclaiming the company’s demise with the arrival of rail in the mid-1800s… it’s still going strong.

 

We keep hearing the usual spin from digital start-ups on how their presence in the sector will lead to the death of traditional forwarders, it’s a load of rubbish. We have strong empirical evidence showing what our members are up to in regards to digital transformation of their role in the supply chain. BIFA members are already developing and delivering technology-led products and services that will meet their customers needs more effectively, enhance their experience and cut their costs.” – Robert Keen

Read more at UK Hauler’s website >:

Pandemic Culture: what happens next?

Pandemic Culture: what happens next?In this article our partner DHL, looks at what kind of new world we might emerge into, and what that means for the e-commerce sector. Which consumer behaviors will stay? Which were just a ‘lockdown fad’? And what should your business do to adapt?

The pandemic arrived like a whirlwind, turning businesses upside down almost overnight, leaving them scrambling to adjust. As we’ve previously explored, many commerce businesses have had to adapt quickly to survive, whether that has meant selling online for the first time, exploring the direct-to-consumer (D2C) model, or working creatively to take an experience-based business into people’s homes. Read more >

If you have any questions or just need some advice, we are here to help you. Please don’t hesitate to call us on +44 (0) 1709 610 000 or send a message.