Carriers disappointed as contract talks loom and rate hikes fail to stick
Container spot freight rates this week were virtually unchanged from last week, as planned mid-November ...
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
MAERSK: LITTLE TWEAKDSV: UPGRADEF: HUGE FINELINE: NEW LOW WTC: CLASS ACTION RISK XOM: ENERGY HEDGEXPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCH
Risks to container vessels passing through the Red Sea region have been further heightened after reports that an OOCL ship was attacked by a Houthi drone yesterday.
According to reports, the 4,250 teu Number 9 issued a distress call after reporting being hit by a rocket as it sailed some 40km from the Yemen coast, resulting in engine damage and the ship taking on water.
Splash247 reported that Houthi rebels subsequently ordered the vessel to dock at the port of Hodeidah, where the captured car-carrier Galaxy Leader is being held.
However, the vessel’s captain explained that the damaged engine meant he was unable to change course.
The vessel is deployed on the Ocean Alliance’s AAS Asia-Mediterranean service and, according to OOCL’s vessel tracking service, is continuing on its original schedule of a Suez Canal transit followed by a call at Alexandria, albeit a day late.
In the aftermath of the attack, maritime newspaper Tradewinds raised the interesting possibility that the Houthi rebels might be using outdated data in its targeting of shipping assets. The Number 9 was chartered by Israeli line Zim from October 2020 to December 2020, but the ship was subsequently chartered by Hong Kong-based Gold Star Line for a three-year fixture, beginning October 2021, and has been employed by Cosco-owned OOCL over the course of this year.
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