It’s only been just over a year since the Ever Given, a giant 20,000 TEU (Twenty-Foot Equivalent Unit) capacity container ship, ran aground in the Suez canal causing trade chaos for a week until it was freed. And now another of Evergreen’s massive, albeit half the size of the Ever Given, has run aground in…
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Roughly 2.5 million goods vehicles use the port of Dover each year. But with P&O cancelling sailings and making 800 staff redundant abruptly, what happens to the thousands of vehicles waiting to cross the Channel? Cancelling Ferry Services On 17th March, P&O made an announcement that they’d be making 800 of their staff redundant and…
The shipping industry was already suffering before the current economic sanctions imposed on Russia for their invasion of Ukraine, due to Brexit and COVID-19. The industry has been facing a shortage of vessels and containers when the sanctions meant an increase in the prices. In less than a fortnight, shipping rates have risen tenfold for…