This week, the resurgence of Covid-19 in China and Russia’s aggression in Ukraine continue to dominate events with Beijing’s pandemic restrictions sending a chill through container ship markets while geopolitical shifts and Russia sanctions continued to redraw markets.

Elsewhere, the Evergreen Marine-owned, 12,118-teu container ship Ever Forward (built 2020) was finally refloated after five weeks aground off Baltimore, the dash for containership and car carrier newbuildings continued unabated, while Atlantic MR tanker rates took a tumble, and readers were treated to the fantastical tale of a stolen tanker that somehow ended up on a scrapping beach.