Logistics > Ocean Transportation | SupplyChainBrain

Ocean Transportation: Page 21

World’s Top Container Carriers Revise Sailings to Avoid Mideast

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges.

Photo: iStock / Marina113

Insurance Clubs to Halt Ship War-Risk Cover in Persian Gulf

Some P&I clubs are expected to issue similar cancellation notices to those published by other members of the International Group on March 2.

Image: iStock/bogdanserban

Major Threat to Supply Chains as Scope of U.S.-Iran War Widens

Update from the Guardian: Strait of Hormuz closed, Iran's Revolutionary Guards says.

Photo: iStock/TexBr

Shipping Lines Cut Mideast Routes Posing Risk to Trade Flows

Hapag-Lloyd on March 1 announced a “war risk surcharge” of $1,500 per 20-foot container, effective March 2. France’s CMA CGM SA will charge $2,000.

Smoke rises from Jebel Ali port after an Iranian missile attack in Dubai, March 1. Photographer: Christopher Pike/Bloomberg

Oil Tankers Avoiding Vital Hormuz Strait After U.S. Bombs Iran

The Strait is one of the most important focal points at times of tension with Iran, because a fifth of the world’s seaborne oil and liquefied natural gas goes through it each day.

An oil tanker in the Strait of Hormuz. Photographer: Kaveh Kazemi/Getty Images

Panama Backs Cancellation of IMO Shipping Carbon Levy

Many countries, including the U.K., continue to back the carbon levy, which would be the first time ships were charged for their emissions.

Photo: iStock.com/Suphanat Khumsap

Maersk, MSC Units to Temporarily Run Disputed Panama Ports

Panamanian officials are hoping to reassure carriers and shippers that operations will remain stable while a longer-term concession process unfolds.

Photo: iStock / Ceri Breeze

CMA CGM Finalizes Deal to Build Six LNG Ships in India

The order not only adds to CMA's growing fleet of alternative-fuel vessels, but also strengthens its ties in one of the world’s fastest-growing shipbuilding markets.

Photo: iStock / Baloncici

Port of Los Angeles Imports Slump in January

Seroka noted that despite the trade war uncertainty, “purchase orders that go out three months in advance to Asia look stable, a good sign.”

Photo: Eric Thayer / Bloomberg

Trump Admin Unveils Plan to Revive U.S. Shipbuilding

The administration says it will look to focus on special loans and tax breaks for American shipbuilders, as well as workplace development initiatives for U.S. mariners.

Photo: iStock / Lim Weixiang - Zeitgeist Photos

France Fines Russia-Linked Oil Tanker in Shadow Fleet Crackdown

More than 600 tankers have been sanctioned by a combination of the European Union, the U.K. and U.S. for their links to Russia.

The shadow fleet tanker Turbo Voyager transits through Denmark’s Great Belt carrying Russian oil to India. Russia shipped 3.28 million barrels a day of crude to overseas markets in the four weeks to Nov. 17. Photographer: Carsten Snejbjerg/Bloomberg

Hapag-Lloyd to Buy Competitor Zim in $4.2B Deal

There’s been increased consolidation pressure in the industry due to a slump in freight rates during the pandemic, when carriers ordered a record number of ships to meet demand.

ZIM Integrated Shipping Services freight containers. Photographer: Aaron McKenzie Fraser/Bloomberg

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