Have you recently tried to buy a computer, Peloton exercise bike or new furniture? If so, you may well have experienced an unexpectedly delayed delivery. You’d be in the same boat as millions of other consumers and corporate buyers in the western world. Though your order may have been stuck in one of the many thousands of containers on the Ever Given, the ship held up in the Suez Canal for months, the most likely reason for delayed deliveries is the global shortage of containers. The metal boxes that make global trade possible are in very short supply – with a domino effect on supply chains worldwide. And it all began with the COVID-19 pandemic.
Any avid ship spotter or someone who has been on board a commercial ship knows that these are often painted red below the waterline. Since the ship hulls mostly remain underwater, one question that might be asked is ‘Why red is the color of choice?’ Well, the reason lies simply in shipping tradition – Oh, and worms!
South Korea is an absolute powerhouse when it comes to the shipbuilding industry. Samsung, Daewoo, and Hyundai are names that every shipping company knows, partially because every notable shipping company has at least one ship built from any of these shipyards. There’s a new company rising on the horizon, and that too has its roots deeply embedded in the South Korean lifestyle: Hyundai Merchant Marine (HMM).
Maersk Drilling eyes for investment in new carbon-negative energy. After it’s successful deployment in the Aerospace Industry, the shipping and offshore sector will soon see the deployment of carbon-neutral energy.
