The Ever Given is proving hard to refloat. - The Washington Post - 0 views
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the grounding of Ever Given also has exposed how the complex ownership structures in global shipping might make it difficult to hold anyone accountable. The Ever Given is operated by Taiwan-based shipping company Evergreen Maritime. Evergreen charters the ship from a Japanese firm; a Dubai-based company acts as the agent for the ship in ports; and the ship flies the flag of Panama
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Flags of convenience, or open registries, have more lax labor and environmental regulations, and lower thresholds for safety and insurance provisions.
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Last summer, the Wakashio, another ship owned by a Japanese firm but flagged to Panama, ran aground in Mauritius, spilling oil into the island’s sensitive marine ecosystem. The fracturing of ownership and operation across different legal jurisdictions and national boundaries also makes it much harder to assign responsibility for accidents such as the grounding of Wakashio and Ever Given.
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Egypt is not collecting tolls on ships’ passage. And ships, including those operated by Evergreen, have begun to reroute around the Cape of Good Hope.
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For now, the knock-on effect of the stoppage is the accumulation of insurance claims and late fees, and delays in the delivery of cargo. But in the longer term, much as it did in the mid-twentieth century, the 2021 blockage of the Suez Canal, combined with the effects of the pandemic, may precipitate a reckoning in how maritime transport operates.