Page 6 - Al-Rashed Newsletter March 2021

SHIPPING WORLD
SHIPPING NEWS

Inside the now-booming business of building container ships
Container freight rates are spiking and container-ship newbuild
orders are surging at yards in China, South Korea and Japan.
According to the latest figures from Alphaliner, the orderbook as of
Friday was 401 container ships totaling 3.63 million twenty-foot
equivalent units (TEUs). The orderbook is 15.3% of the on-the-water
fleet’s capacity measured in TEUs, up from a multi-decade low of just
9.4% in mid-2020.

Iran proposes alternative shipping line to Suez Canal
Iranian Ambassador to Russia, Kazem Jalali, proposed activating a
shipping line that passes through Iran as an alternative to Egypt’s
Suez Canal.
The Suez Canal has been temporarily suspended since Tuesday
when a massive Panamanian container cargo ship, Ever Given, ran
aground while passing through the new channel in the canal.
Egypt inaugurated the New Suez Canal, which cost $8 billion, in
August 2015 as part of plans to revive the country's economy and
restore Egypt's position as an important center for trade.

Oman ports rated the world’s fastest in container handling
The United Nations Conference on Trade and Development
(UNCTAD) has rated Oman’s ports as No. 1 in the world in terms of
speed of container handling, as per the UNCTAD annual index 2020.
The index, issued recently about the development of maritime
transport last year, asserts that container vessels’ stay in the
Sultanate’s ports averaged only 12.5 hours, including all entry, exit,
loading and unloading operations, reported Oman News Agency
(ONA). The UNCTAD report affirmed that the Sultanate, Poland and
the United Arab Emirates are the most competent in handling
containers, benefiting from a massive stock of transient goods that
engage the three countries’ main stations as active destinations for
private international operators.

DID YOU KNOW?

The world wastes about 1 billion metric
tons of food each year.
Riding a roller coaster could help you
pass a kidney stone.

Source: Loadstar.com, aa.com.tr, Hellenicshippingnews.com