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Global Logistics: Page 25

DTN Aims to Improve Safety and Efficiency with Optimal Speed Routing

DTN said the feature will allow ship owners and charterers to better plan for and adapt to potential voyage disruptions that can affect a company’s performance, bottom line or emissions.

Photo: iStock.com/SHansche

Ocean Shipping Gears up to Meet Low Carbon Fuel Target

The International Maritime Organization’s goal is that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030, while striving to hit 10%.

Photo: iStock / audioundwerbung

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

The long and more expensive way is around the Cape of Good Hope. Photo: iStock.com/Felipe Meneses

Companies Will Embrace Near- and Friendshoring Over the Next Five Years

Sixty-three percent of survey participants said they are planning to restructure their supply chain over the next five years.

Photo: iStock.com/DINphotogallery

World Courier Opening Three New U.S. Transportation Stations

World Courier said the stations will allow the company to expand its capacity to store, handle and transport pharmaceutical products, including those that require cryogenic storage.

Photo: iStock/sorn340

China Produces Over Half the World’s Deadweight Tonnage

China’s shipbuilding output increased by 12% year-on-year to 38 million dwt during the period running from January 2023 to November, making up50.1% of the planet’s total output.

An LNG carrier vessel. Photo: iStock / nikkytok

Container Lines Rerouting Ships Away From Suez Canal in Response to Red Sea Missile Attacks

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

Suez Canal. Photo: iStock.com/IgorSPb

Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

Bridges Crossing the Rio Grande in Eagle Pass, Texas. Photo: iStock.com/halbergman

U.S. Announces New Task Force to Counter Houthi Red Sea Threat

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

Image: iStock.com/PeterHermesFurian

BP Suspends Oil and Gas Shipment through Red Sea

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage

More Major Ocean Carriers Cease Red Sea Routes After Attacks

About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.

Stade, Germany. Photo: iStock.com/eyewave

Global Manufacturing Slump Could Continue into 2024

The current level of spare capacity indicates that the end of a global manufacturing recession “is still some way off,” said GEP’s vice president of consulting, Todd Bremer.

Munich, Germany. Photo: iStock.com/Wirestock

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