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  • Writer's pictureStephen Fodor

2021 Container Spike Projected, AI to combat Maritime Piracy, Five Countries named in Aluminum Probe

Monday Morning Wake Up Call

October 26, 2020

Mounting evidence that container spike could last into 2021

(American Shipper) Bullish news on container shipping keeps pouring in, implying demand strength through February 2021 — if not longer.

The latest green light comes from container-equipment lessor Triton International (NYSE: TRTN). Triton, the largest player in its sector, reported Q3 2020 results Friday and described Q4 2020 demand for equipment as “exceptionally strong.”

Ocean carriers generally lease more than half their boxes from companies like Triton. The carriers’ forward visibility on shipper demand drives their box-leasing demand. If leasing volume and rates jump, it’s easy to connect the dots and anticipate higher future consumer demand.

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Steering With Artificial Intelligence To Combat Maritime Piracy

(Hellenic Shipping) Maritime piracy today remains a complex challenge to international law, world trade and the safety and security of seafarers. The International Maritime Organization (IMO) and other maritime safety advisories publish various counter-piracy guidelines and recommendation to help shipping companies protect their ships against the piracy menace. In reference to the guidelines, while it is essential to keep sharp look-outs or maintain a good radar watch when vessels transit high risk areas, approaching small skiffs can often be overlooked. The effectiveness of the IMO guidelines therefore relies greatly on the diligence of the crew in surveying the vast body of waters around them for threats.

Besides, the frailty of the human body can lead to lapses which are gleefully exploited by pirates to the detriment of the crew, sometimes with tragic consequences. It begs the uncomfortable question of whether the shipping industry is at the mercy of the pirates and robbers in the highs seas and what else, if any, can be done to improve the current situation. Seafarers who have encountered pirates hijack often say they never saw the pirates coming. In most of the cases, they are not able to identify it, especially when pirates use small fishing boats as a disguise.

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U.S. to probe aluminum foil imports from five countries

(Reuters) - The U.S. Department of Commerce will investigate aluminum foil imported from Armenia, Brazil, Oman, Russia and Turkey for potential dumping or unfair subsidies, it said in a statement on Tuesday.

The department said it would take up the probe following a petition from an industry trade group as well as three of its member companies.

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