Coca-Cola turns to bulk vessels normally used for grain and coal to transport manufacturing materials amid shipping crisis

ship carrying coal
Bulk shipping vessels, which typically transport items like coal and grain, are being used by Coca-Cola to transport materials to manufacturers.

  • Coca-Cola is going to great lengths to transport materials by using bulk shipping vessels.
  • Bulk shipping vessels are typically used for raw materials like grain and coal.
  • The ongoing shipping crisis has caused major supply chain disruptions, making many goods harder to find and more expensive.
  • See more stories on Insider’s business page.

Coca-Cola is going to great lengths to transport materials by using bulk shipping vessels amid the ongoing shipping crisis.

The carriers, which are normally used for loose goods such as grain, coal, and other raw materials, were chosen because the beverage company could not get the shipping containers and cargo space needed for transportation, Alan Smith, the procurement director of global logistics at Coca-Cola wrote in a post on LinkedIn. The company is currently using three of these ships to transport manufacturing materials.

Due to shortages delaying transportation, and in extreme cases halting it altogether, companies like Coca-Cola have had to get creative with the transportation of goods and materials across the world.

Retailers like Costco and Target have chartered their own cargo ships, finding creative ways to combat these issues, but ports are still backed up causing mass delays because of the ongoing labor shortage and the increasing number of ships back on the ocean.

Coca-Cola is attempting to avoid major ports to further prevent delays, according to comments on Smith’s post.

“For these we are heading to some non-congested ports so we are hoping for a smooth discharge,” Smith wrote. “Good coordination is vital on both the planning and the operations side for loading and discharge.”

Smith did not respond to Insider’s request for comment on the vessel before publishing.

Some, noticing Smith’s post have made note of it on social media, recognizing that this mode of transporting materials is abnormal for a company like Coca-Cola.

“No container, no problem,” one user wrote on Twitter. “No, this isn’t normal and it isn’t really a great sign either.”

The ongoing supply chain crisis combined with shipping delays have already created shortages and price hikes across the country. In September, Coca-Cola’s New York distributor said it’s having a hard time recruiting truckers, further disrupting the supply chain, Insider reported. Other goods and products like paper, Nike sneakers, toilet paper, computer chips, and plastic goods are also in short supply as manufacturers try to meet demand amid the delays.

Read the original article on Business Insider

I took a ride on an Uber Boat down the River Thames in London. It was much more fun than an Uber taxi and I got to see lots of landmarks.

Uber Boat coming towards Battersea platform
The Uber Boat approaching Battersea platform.

  • Uber Boat by Thames Clippers drops passengers off at 23 piers along the River Thames in London.
  • Passengers can grab drinks and snacks onboard, and spot famous London landmarks.
  • The boat arrived 20 minutes late, and the trip was meant to last 40 minutes but took an hour.
  • See more stories on Insider’s business page.
Uber Boat is a river bus service on the River Thames in London, England.

Uber Boat coming towards Battersea platform
Uber Boat approaching Battersea platform.

I’m always taking Uber taxis and wondered what it would be like to take an Uber Boat for a change.

Traveling down the Thames on an Uber Boat
Traveling down the River Thames.

I thought the price was reasonable for my journey from Battersea in southwest London to Canary Wharf in east London.

Screenshot of boat prices on Uber app
Screenshot of boat prices on Uber app.

Passengers can also pay at a ticket office or tap a machine with their credit card. The different payment options caused some confusion among boarding passengers. This added to the journey time.

Ticket station at Canary Wharf
Traveling down the Thames on an Uber Boat.

The timetable showed that the Uber Boat would arrive at 3:15.p.m. After it was 15 minutes late, passengers waiting on the platform began asking each other when it was due to arrive.

People waiting on boat platform
Passengers waiting for Uber Boat on the platform at Battersea.

After 20 minutes of standing on the bobbing platform, the boat rocked up.

Uber Boat coming towards Battersea platform
Uber Boat approaching Battersea platform.

Uber Boat’s interior is modern and spacious. The leather seats were comfortable and there was lots of light in the cabin. It felt like I was sitting on a first-class train.

A look inside the Uber Boat
Comfortable seating.

The seating area at the back wasn’t as nice as the inside, but the views and blast of fresh air made it worth it.

Seats at the back of the boat
The outside seating area.

There was also a cafe onboard, where passengers could buy drinks and snacks. The barista brought hot drinks to people’s seats.

Cafe in the Uber Boat
Refreshments being served.

There was a range of drinks available to buy, including prosecco, wine, beer, and soft drinks.

Picture of drinks served at the cafe
The range of drinks in the cafe.

I bought a beer for the ride!

Reporter holds up a beer to the camera
One of many onboard drink options.

There were lots of other Uber Boats passing by on the River Thames. Uber and Thames Clipper said on their website they have a fleet of 20 boats.

An Uber Boat passing by on the river
Passing a fellow Uber Boat.

Each boat stops at 23 piers along the River Thames, starting at Putney pier in southwest London and ending at Woolwich pier in the southeast.

Uber Boat driving past London Eye
A view of the London Eye and other landmarks.

The best part of the trip was spotting some of city’s famous landmarks, including the London Eye, which you can’t properly see in a taxi.

View of the London Eye
A view of the London Eye from the back of the boat.

I sat on the back bench of the boat – a tourist hotspot – and enjoyed looking back on the river.

Selfie of reporter Kate Duffy holding a beer at the back of the boat
Traveling down the Thames on an Uber Boat.

Every now and then, I got sprayed with water from the engines. It’s not the type of transport to travel on when it’s wet and windy.

View of the river from seats at the back of the boat
Water spraying around the boat.

It was quite difficult to walk off the boat because of the water bobbing the platform. This, coupled with passengers’ confusion about tickets, meant there were long waiting times at each stop.

Lines of passengers leaving the boat
Passengers coming onboard.

For the remainder of the trip, I sat inside the boat.

Selfie of reporter inside Uber Boat
The inside seating area.

Although I was inside, I still had a great view of the sights because of the boat’s tall windows.

High windows inside Uber Boat
The boat passing London landmarks.

The windows, which are tinted on the outside, didn’t stop me from taking clear photos behind the glass either.

Uber Boat passing by on the river
City views.

Uber Boat’s website says it takes 26 minutes to get from my starting point, Battersea, to London Bridge City. Canary Wharf is two stops along from London Bridge City so it should have taken an extra 10 minutes to get to my destination.

View out the back of the boat
End of the journey.

The journey took an hour in total. This was because of the waiting times between each stop.

Canary Wharf
Canary Wharf.

A taxi back to where I started in Battersea took 15 minutes less but was almost double the price of the Uber Boat.

Screenshot of Uber taxi ride back to Battersea
Screenshot of Uber taxi ride back to Battersea.

Overall, I would much prefer to travel with Uber Boat than Uber taxis because of the comfort and sightseeing. But I can’t rely on the boat’s unreliable timetable and long waiting times.

Traveling in an Uber taxi
Traveling home in an Uber taxi.

Read the original article on Business Insider

Former SpaceX rocket engineers plan to build and sell a $300,000 electric speedboat that can reach 40 miles per hour and run for 5 hours per charge

Rendering of Arc One boat
Rendering of Arc One boat.

  • Former SpaceX engineers are building a commercial electric speedboat called the Arc One.
  • The boats, designed to reach speeds of 40 miles per hour, will sell for $300,000, the company said.
  • All of Arc’s employees other than its CEO previously worked at SpaceX.
  • See more stories on Insider’s business page.

A team of former SpaceX engineers is building $300,000 commercial electric speedboats.

California startup called Arc said has raised $4.25 million in seed funding to build a 475-horsepower electric speedboat, Bloomberg first reported on Thursday.

Arc plans to sell its first model, Arc One, by the end of the year, the company confirmed to Insider. The 24-foot boat is designed to reach top speeds of 40 miles per hour and its 200 kWh battery should last between three and five hours between charges, Arc said on its website.

You can reserve one of Arc’s electric boats by putting down a fully refundable $1,000 deposit, according to Arc’s website.

Rendering of Arc One boat
Rendering of the interior of Arc One boat

Arc CEO Mitch Lee, who is the only Arc employee to not work for SpaceX, told Bloomberg that “the amount of carryover between rocket-building and boat-building is actually surprisingly high.”

Lee founded the startup with college friend Ryan Cook, he told Bloomberg.

After leaving his job at Boeing in 2013, Cook spent seven years working for Elon Musk’s rocket company, SpaceX, as an engineer, according to his LinkedIn profile.

Drawing of Arc Boat's new speedboat
Drawing of Arc Boat’s new electric speedboat

Kevin Wollscheid, Arc’s lead manufacturing engineer, previously worked at SpaceX for six years, per his LinkedIn profile.

Audrey Gaither, a mechanical engineer at Arc, and Robert Binkowski, Arc’s vehicle engineer, both worked at SpaceX as engineers before moving to the electric boat startup, according to their LinkedIn profiles.

Arc is facing competition from Swedish startup X Shore, which started selling electric boats in March for $329,000. Another Swedish company, Candela, also makes all-electric speedboats that can fly above the water.

Read the original article on Business Insider

Candela makes electric speedboats that can ‘fly’ above the water – and soon you’ll be able to try them out in New York

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

  • A Swedish company says it has made the world’s only all-electric, long-range speedboats.
  • The carbon fiber Candela C-7 mimics airplanes to fly above the water, according to the company.
  • The first batch arrived in New York Wednesday – and you’ll be able to test them out soon.
  • See more stories on Insider’s business page.
Candela said it was inspired by fighter jets and drones when it designed the C-7.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

It uses hydrofoils, combined with computers and sensors, to lift it over the surface of the water so that it almost looks like it’s flying.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

This reduces water friction by 80%, and Candela says this makes it “completely silent” as it glides over the water.

 

It’s powered by a 40Kw battery, and Candela says the cost of operating a C-7 is 95% lower than driving a conventional fossil fuel boat.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

Read more: Meet the 11 power players of the self-driving industry from leading companies like Tesla, Zoox, and Morgan Stanley

The 25-foot boat can fit six passengers …

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

… and reaches speeds of up to 30 knots.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

Candela says the boat can travel for 50 nautical miles at its cruising speed of 22 knots, which it says is about three times longer than the best electric boats on the market.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

The first batch of C-7s for the US east coast market arrived in New York on Wednesday …

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

… and people will be able to book test drives soon.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

Prices are available upon request, and European customers can get their boat two or three months after ordering.

The Candela C-7 electric speedboat.
The Candela C-7 electric speedboat.

Read the original article on Business Insider

White House says the US has offered help to re-open Suez Canal: ‘We’re tracking the situation very closely’

ever given suez canal
They’re trying their best.

  • White House press secretary Jen Psaki said the US has offered assistance to re-open the Suez Canal.
  • A massive cargo ship has blocked the major waterway in Egypt for days.
  • “We’re tracking the situation very closely,” Psaki said Friday.
  • See more stories on Insider’s business page.

White House press secretary Jen Psaki on Friday said the United States has offered assistance to help re-open the Suez Canal, a major waterway in Egypt that has been jammed by a massive cargo ship for days.

“We’re tracking the situation very closely,” Psaki told reporters during a press conference. “We understand that Egyptian officials are working to remove the tanker as soon as possible and continue traffic.”

“We’re consulting with our Egyptian partners about how we can best support their efforts,” Psaki added.

The Ever Given vessel is 1,300 feet long and nearly 200 feet wide, or about the size of the Empire State Building. It ran aground early Tuesday, likely due to strong winds and poor visibility, and has since been stuck sideways in the canal.

The blockage has disrupted one of the world’s most important trade routes, which connects Europe to Asia. Hundreds of container ships have been halted because of the enormous boat.

The ship’s owner, Japanese company Shoei Kisen, hopes to dislodge it on Saturday, according to Japanese newspaper Nikkei Asia. The timeframe seems optimistic, as shipping experts have said that it could take weeks to free the vessel.

The canal is responsible for around 10% of global trade, and an estimated 1.9 million barrels of oil are usually transported through the route every day. The London-based shipping-news journal, Lloyd’s List, reported that the maritime traffic jam is costing the global economy roughly $400 million an hour.

“We do see some potential impacts on energy markets,” Psaki said Friday. “Obviously, that’s one of the reasons we offered assistance from the United States.”

Read the original article on Business Insider

The company behind the Suez Canal blockage once spilled 28,800 plastic toys into the ocean in the 1990s

Suez canal ever given
The Ever Given, trapped in the Suez Canal, Egypt, as of Thursday March 25 2021.

  • 28,800 plastic toys were mysteriously dumped into the ocean in the 1990s, prompting a big investigation.
  • They were eventually traced back to a ship operated by Evergreen Marine.
  • Evergreen Marine is the company behind the Ever Given, the vessel currently blocking the Suez Canal.
  • See more stories on Insider’s business page.

A boat operated by the Evergreen Marine Corp., the company behind the vessel currently blocking the Suez Canal, once released 28,800 plastic toys into the Pacific Ocean by accident in the 1990s – and they were still washing up on shores around the world 15 years later.

The plastic toys included 7,200 red beavers, 7,200 green frogs, 7,200 blue turtles and 7,200 yellow ducks, according to the journalist Donovan Hohn, who wrote a book about it.

The boat was eventually confirmed to be the Ever Laurel, a boat operated by the Evergreen Marine Corp.

But the origin of the plastic toys remained unknown for years until Hohn pieced it together. He later explained the phenomenon in his book, titled “Moby-Duck: The true story of 28,800 bath toys lost at sea.”

Friendly_Floatees
Route taken by the plastic toys after they were accidentally spilled in the Pacific Ocean in 1992.

After the spillage, hundreds of the toys were found on shores around the world, prompting a scientific investigation.

Two oceanographers, Jim Ingraham and Curtis Ebbesmeyer, fed the coordinates of the plastic-toy sightings into their ocean current surface simulator, and traced the drift patterns back to the North Pacific.

They had been using the simulator to reconstruct drift routes for 200 Nike sneakers which had previously been lost to sea when a shipment of 80,000 shoes went overboard.

Using these coordinates and cross-referencing it with records, Hohn pieced together the history of the contamination back to the Ever Laurel, a ship operated by the Evergreen Marine, which had left Hong Kong on January 6, 1992 and arrived in Tacoma, Washington, on January 16.

The toys continued to be spotted for years, with the most recent sighting in the UK in 2007.

Evergreen Marine was back in the news this week for being the company behind the Ever Given, the container ship that has blocked the Suez Canal since Tuesday. The blockage is estimated to be costing the global economy an estimated $400 million per hour.

The ship’s owner, Japanese company Shoei Kisen, said Friday that it was sorry for the disruption, and said it hoped to free the vessel on Saturday, according to Nikkei Asia.

Read the original article on Business Insider

This $329,000 silent electric boat that was inspired by electric eels just debuted in the US

Eelex 8000_12
Eelex 8000.

  • X Shore sells fully electric, silent boats.
  • The two newest models, the Eelex 8000 and the Eelord 6000 were shown in January, and the Eelex 8000 is available in the US today.
  • The more expensive boat costs over $300,000.
  • Visit Business Insider’s homepage for more stories.

X Shore’s boats don’t necessarily look like eels, but the company says they were inspired by electric South American fish. The $329,000 Eelex 8000 is available in the US beginning March 25.

X Shore started taking orders for electric boats in 2018, and now has two models for sale, the Eelex 8000 and the Eelord 6000. They’re manufactured in Sweden, but can be transported globally. The larger Eelex 6500 and Eeltrek 8000 are also in the works, though not yet for sale.

Electric boats are quieter, and create less emissions than boats powered by fossil fuels. They’re also cheaper, according to X Shore, which says the cost of refueling an electric boat can be as low as one-tenth the cost for fossil fuels. At over $300,000 for the larger boat, X Shore boats seem to be going for the luxury crowd, but they’re smaller crafts than other electric yachts on the market.

See the Eelex 8000 here.

The Eelex 8000 is the most expensive boat currently sold by X Shore, at about $329,000.

Eelex 8000_Palma_
Eelex 8000.

Deck and hull colors are customizable, with three options: moss, sandy, and coffee.

X Shore Eelex 8000 (41)
Eelex 8000.

It weighs about 5,700 pounds, with a width of 8 feet and a length of 26 feet.

Eelex 8000_6
Eelex 8000.

It fully charges in eight hours, or in only one hour on supercharging mode.

Eelex 8000_7
Eelex 8000.

Cruising speed is 24 knots, but it can reach up to 40 knots.

Eelex 8000_8
Eelex 8000.

It has a range of up to 100 nautical miles, depending on travel speed.

Eelex 8000_10
Eelex 8000.

X Shore calls its engine design a “clean and efficient powerhouse.”

Eelex 8000_11
Eelex 8000.

Along with the wheel, controls are on a 24 inch waterproof and glare-proof touch screen.

electric boat X Shore
Eelex 8000.

The boat is powered by lithium ion batteries, which power the single shaft propulsion system.

Eelex 8000_12
Eelex 8000.

Electric power is quieter than fossil fuel powered-boats, and X Shore emphasizes that its boats are silent.

Eelex 8000_4
Eelex 8000.

Quieter craft mean boaters can explore the water without as much harm to the natural environment, or scaring wildlife away.

Eelex 8000_9
Eelex 8000.

Or, as X Shore puts it, “You have become One with Nature.”

Eelex 8000_5
Eelex 8000.

Electric power also means fewer fossil fuel emissions, which can contribute to climate change.

Eelex 8000_3
Eelex 8000.

X Shore credits this care for the natural world with its Swedish heritage, “where people and the sea have lived in harmony for centuries.”

Eelex 8000_2
Eelex 8000.

The minimalist Scandinavian design was inspired by the South American Electric Eel.

Eelex 8000_1
Eelex 8000.

“We modeled our boats after the eel’s robust head and its sleek, streamlined body” X Shore said.

electric eel
Electric eel.

The eel ornament on the boat nods to that inspiration, and also acts as a handle for passengers.

electric boat X Shore
Eelex 8000.

Of course, the eel’s electric abilities also partially inspired the design.

Eelex 8000_1
Eelex 8000.

The Eelex 8000 has a sunroof and roofrack.

Eelex 8000_2
Eelex 8000.

It has two rows of seating, enough for four passengers.

Eelex 8000_4
Eelex 8000.

X Shore offers test drives for interested buyers.

Eelex 8000_details
Eelex 8000.

Read the original article on Business Insider

Florida stone crab claws are one of the priciest seafoods you can buy. Here’s what makes them so expensive.

  • Stone crab claws are one of the most expensive seafoods you can buy.
  • A plate of four 7-ounce stone crab claws at a restaurant can cost you $140.
  • They’re partly pricey due to how they’re caught, which is can be exhaustive and sometimes dangerous.

Following is a transcript of the video.

Narrator: Stone crab claws are one of the priciest seafoods you can buy. And depending on their size, a pound of claws at a restaurant can cost as much as $70. But catching these crabs is hard work. Strangely enough, fishers can only harvest the claws from the crabs, while the bodies must be returned to the ocean. So, what makes these claws so coveted? And why are they so expensive?

You can only fish for stone crab on the southeastern coast of the US, Cuba, the Bahamas, and Mexico. And it’s Florida where more stone crabs are caught than anywhere else. These crustaceans are markedly more expensive than other popular crabs. A pound of claws can cost two times the price of Alaskan snow crab legs. Part of what makes these crabs so costly is the labor-intensive process of catching them.

Ernie Piton: There’s a nice crab.

Narrator: Ernie Piton Jr. has been commercially fishing for stone crabs for over 40 years. With limited time to harvest each year, his crew must start their days early, sailing out before the sun rises. The process begins with dropping traps down to the ocean floor.

Kevin Henry: This is probably the funnest part, you know? You get to be a little more physical, you know what I mean? It’s a little bit of a rhythm thing going on here. It’s like dancing mariachi.

Narrator: But plucking these claws can be a dangerous process.

Bill Kelly: The claws on an adult crab can have as much as 9,000 pounds of pressure per square inch. With the enormous pressure that’s exerted, they could actually pop a finger off at the joint.

Kevin: These crabs, they have a mind of their own. You can easily get bit, you know, if you’re not careful. I’ve only been bit maybe, say, eight times in my career. Popped over a million claws in my day.

Narrator: The crew leaves the traps in the water for about two weeks before they’re pulled in by a rope. Then each one must be sorted thoroughly.

Kevin: We come back in a couple weeks, and then got a couple in the trap, we’re gonna pull them out. We’re gonna pop their claws and hope for a good day.

Narrator: Crews break off the claws quickly, so they don’t keep the crabs out of water for too long. But even if a trap is full of crabs, Kevin can’t necessarily take every claw. The state requires all harvested claws to be at least 2 7/8 inches long. Crabbers can legally break off both claws if they meet the required size.

Ernie: The ones that look smaller, we measure them on the gauge. Like that one.

Narrator: Crabs are one of few animals that can regenerate. When a crab loses a claw — or two — it can grow each one back in time. On average, claws can take up to three years to grow large enough to harvest again, which is why the state requires that crabbers pay close attention to each claw’s size. This ensures fishers don’t remove one prematurely. But despite the claws’ ability to regrow, some researchers have questioned the sustainability of this system.

The Florida Fish and Wildlife Conservation Commission found that 46% to 82% of crabs died from the loss of two claws, while 23% to 59% died from the removal of one. That’s compared to just 12.8% of crabs that died when no claws were removed. Crabs can also only regrow a claw if the joint that linked it is left intact. Otherwise, it’ll bleed to death. This makes the way these claws are broken all the more important for preserving the fishery’s future.

Hiring enough people to make the operation run smoothly is another reason for the high price of these claws. And then there’s one other cost you’d never expect. Each trip requires 900 pounds of pig’s feet for bait. And that’s just about half of the total cost of fishing for the day.

Ernie: Normal running cost to go stone crabbing today is about $1,100 to leave the dock. Bait prices have gone up, fuel prices have gone up. You know, the track tag prices have gone up.

Narrator: After 10 hours on the boat, Ernie’s crew must boil and ice their catch as soon as they return, otherwise the claws won’t stay fresh. They finish the day by weighing each claw, which ultimately sets the final value. Claws are sold in four sizes. At Billy’s Stone Crab, restaurant prices range from $35 to $70 per pound.

Brian Hershey: We run about 4,000 pounds of stone crab through the restaurant each week. On a busy weekend, we sell 700 to 800 pounds of stone crab.

Narrator: The most expensive order costs $140. The plate is made up of four 7-ounce colossal claws, which yields just under 1 pound of crabmeat. Fresh-cooked claws sold on ice are less expensive, but even then, the mediums will cost you $29 per pound.

Years ago, stone crabs weren’t such valuable food. In the 1890s, they were nothing more than bycatch in spiny-lobster traps. Fishers began to keep the crabs that fell into those traps, and by the late 20th century, the stone crab fishery had become one of the most valuable industries in Florida. Today, it’s worth $30 million, and the prices of these claws aren’t likely to drop anytime soon.

Data from the FWC show the number of crabs caught each year has declined by 712,000 pounds. That’s since peak harvest in the late 1990s. Many commercial harvesters have also started fishing farther offshore, pointing to a lesser number of crabs in the area. The FWC says both of these changes signify a threat of overfishing, and prices have gone up in order to keep the fishery profitable.

To further protect the species’ future, the FWC instated even stricter regulations last year. Two changes include an increase in the minimum size of harvestable claws and cutting the fishing season short by two weeks. These limitations aren’t likely to lower the cost of stone crab claws. But the goal is to help preserve them and keep Florida fishers busy for years to come.

Kevin: One crab, I remember, my favorite crab I ever saw, it looked like a Louis Vuitton pattern. Bunch of diamonds. And it was just a pretty thing.

Read the original article on Business Insider