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Daily Briefing July 9 2021

Free to read: Ever Given was human error but it won’t happen again, says Suez Canal chair | Holding Ever Given as a bargaining chip was an error | Greeks lead frenzied first-half second-hand buying

Good morning. Here’s our quick view of everything you need to know today.

The Lloyd’s List Daily Briefing is brought to you by the Lloyd’s List News Desk.

What to watch   |   Analysis   |   Markets   |   In other news




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What to watch


Suez Canal Authority chairman Osama Rabie tells Lloyd’s List about the circumstances that led to Ever Given becoming jammed across the canal in high winds on March 23, halting traffic in both directions and disrupting global trade.

Egypt should not have kept the boxship Ever Given sitting in the Great Bitter Lake for months on end simply to bolster its negotiating hand.


Analysis


Greek shipowners ran up a fivefold increase in bulk carrier purchases in the first half of 2021, according to secondhand sales recorded by Allied Shipbroking.

The World Shipping Council and environmental lobby group Transport & Environment have aired divisions over slow steaming and impending European Union green regulations.

Weekly Briefing: Box carrier spending spree | Bulker confidence wanes | Tanker outlook dims.


Markets


A battle of “shippers vs shippers” for equipment and cargo slots is helping to drive up freight rates and being used strategically by some shippers to compete with rivals.

Gerald Group said its SL Mining unit has resumed shipping iron ore from the Marampa mine in Sierra Leone following a two-year hiatus.


In other news


The master of an abandoned ship in Egypt has been allowed home after being on board for more than a year as legal guardian.

Authorities in Dubai say a fire that erupted on a containership at Jebel Ali port has been bought under control and that there is no damage to port infrastructure.

Shipowners can demand direct payment of freight under a bill of lading, even where it states that freight was payable ‘as per charterparty’ and the vessel’s time charterer was not in default, the English Commercial Court has ruled.

Cargo through the port of Vancouver, Canada has been delayed by damage to railway lines resulting from wildfires near the town of Lytton in southern British Columbia.

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