⚓️Flexport, a shipping company, has cargo on the container ship that struck the Baltimore bridge.
🚢Flexport is working to navigate the situation and recover the cargo.
🚧The incident has blocked the only route to a busy company, causing disruptions in shipping and logistics.
What is Flexport?
—Flexport is a shipping company that provides freight forwarding and customs brokerage services.
How is Flexport handling the situation?
—Flexport is coordinating with its customers to provide updates and contingency plans for the recovery of their cargo.
What are the risks and challenges in the shipping industry?
—The shipping industry faces risks such as accidents, delays, and disruptions, which can impact the timely delivery of goods.
09:19Flexport CEO Ryan Peterson expresses concern for the rescue workers and the lives lost in the incident involving a container ship striking a bridge in Baltimore.
09:45Flexport has a few containers on the ship and is working to inform customers that their cargo will not be available for the next few months.
09:59Flexport faced a similar situation when the Ever Given ship got stuck in the Suez Canal, resulting in a year-long delay in cargo delivery due to litigation.
10:22Flexport has over 800 containers bound for the Port of Baltimore and is working with ocean carriers to determine alternative delivery plans.
