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UAE's Jebel Ali port explodes while container ship is docked

A container ship docked at the port of Jebel Ali in the United Arab Emirates (UAE), the largest shipping hub in the Middle East, exploded on August 8, local time. The container ship that caused the explosion was the Ocean Trader, and it appears that a container loaded on the ship exploded. The cause of the explosion is unknown. According to the Dubai government authorities, no one was killed or injured in the explosion.


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CCFI Summary week 19

Ocean freight rates increased via the West Coast of North America (+1.5% week-on-week), Europe (+4.0%), and Korea (+3.3%). Freight rates via the East Coast of North America (-0.9%) decreased.


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