Ultra large box ships and the distorted shipping cycle
Received wisdom – are the wheels coming off?
Kudos to our friends at Splash247 for following up on the arrest of the MSC Gayane, which now appears to be on its way to Rotterdam, after operator MSC paid $50m in security bonds to release the vessel from the clutches of US authorities in the port of Philadelphia. Last month US customs operatives seized the largest ever consignment of cocaine aboard the vessel, and not only arrested several crew members but the entire vessel itself. However, Splash247 also reports ...
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