Threat of rising oil price adds to frustration for crisis-hit supply chain chiefs
New warnings from the World Bank of surging oil prices, adding to the continuing instability ...
CoLoadX‘s Fauad Shariff writes: “Last week, the shipping vessel MSC Zoe lost 270 containers at sea after it was caught in a major storm off the coast of the Netherlands. Among the cargo lost were scores of consumer goods that washed up on the beaches of Dutch and German islands near the spill. Even with the sheer volume of container traffic across the world’s waters, it’s hard to believe that some containers will fall off their vessels. People don’t simply fall off trains. While some estimates show as many as 10,000 containers going overboard a year, a recent industry survey by the World Shipping Council found that the number was closer to 1500.”
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