Tag - container ship

Suez Canal Container Ship Blockage Threatens to Undermine Global Supply Chains

On March 24, ultra-large container ship MV Ever Given (Evergreen) ran aground at around 07:40 local time and caused all traffic to be blocked off in the Suez Canal — one of the world’s busiest shipping arteries. The accident is already causing considerable impacts on global supply chains and the passage of...

Trends in Supply Chain Risks: Why Container Ship Fires are Here to Stay

Executive Summary In early 2019, two of the world’s largest container vessels caught fire, highlighting an accelerating trend and the growing need for companies to manage this new type of supply chain disruptionInsurance companies estimate that major fire on a cargo vessel at sea occurs every 60 daysContainerization of seaborne...