Taiwanese container shipping line Evergreen Marine Corp (長榮海運) has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa due to safety concerns, a customer note said.
This is one of the first force majeures declared since Hamas launched attacks on Israel on Oct. 7 and amid preparations by Israel’s military to launch ground operations into Gaza in retaliation.
The Ever Cozy on Tuesday was sailing toward Haifa, data from ship tracking and maritime analytics provider MarineTraffic showed.
Photo: AFP
While the smaller Ashkelon port, which is the closest terminal to Gaza, has shut, Ashdod has remained opened with restrictions on the transport of hazardous goods, including flammable and explosive materials.
In a note to customers dated Monday, Evergreen said that it was informed about the “persisting unsafe situation” at Ashdod port since Oct. 7.
“As the situation is beyond Evergreen Line’s control, we are formally declaring force majeure,” the advisory said. “All cargoes which were originally destined for Ashdod, Israel, will be discharged at Port of Haifa, Israel. Thereafter, the subject contract of carriage is treated as terminated and all carrier’s responsibilities shall cease.”
In the latest update, Ashdod port said on its Web site that employees continued to work “at a time when the port is operating with constant siren alerts for incoming missiles.”
On Tuesday, three ships, including an oil tanker, remained at anchor waiting to enter Ashdod, while 16 ships were anchored near Haifa, the MarineTraffic data showed.
Ashdod and Haifa are vital goods gateways for Israel.
War risk insurance rates have soared more than 10-fold in the past few days to Israeli ports with growing concerns over an escalation in hostilities.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious US tariff policies. However, the uncertainty about US tariffs has weighed on the chipmaker’s business visibility for the second half of this year, UMC chief financial officer Liu Chi-tung (劉啟東) said at an online earnings conference yesterday. “Although the escalating trade tensions and global tariff policies have increased uncertainty in the semiconductor industry, we have not
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its