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Ocean Transportation: Page 75

ONE Announces Order for 12 Methanol Dual-Fuel Containerships

The vessels are designed to flex between methanol and conventional diesel bunker fuel and will include technologies such as optimized hull form, waste heat recovery systems and bow windshield.

A methanol-fueled ship. Image: Ocean Network Express Pte. Ltd. (ONE)

Samsung Heavy Industries Lands $235M Gas Carrier Deal

Samsung Heavy Industries said that the two very large ammonia carriers (VLACs) are scheduled to be delivered by the end of November 2027.

Photo: iStock.com/richard johnson

Continued Red Sea Attacks Could Cause Inflation, Shipping Rates to Rise

Mohamed El-Erian, the former CEO of the investment management firm PIMCO, warned that shipment disruptions caused by Houthi attacks could cause shipping costs to increase while hindering global economic growth.

Photo: iStock / IgorSPb

Hapag-Lloyd Maersk Partnership Means Shake-up in Global Shipping Alliances

The new cooperation between Hapag-Lloyd and Maersk will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU); Maersk will deploy 60% and Hapag-Lloyd 40%.

Photo: iStock.com/huettenhoelscher

Port of LA Ends 2023 with Five Straight Months of YoY Growth

The Port of Los Angeles ended up handling roughly 8.6 million TEUs in 2023, a 13% drop off when compared to 2022.

Los Angeles, California. Photo: iStock.com/wpd911

Chevron Still Plans to Ship Cargo Along Red Sea Route, CEO Says

The California-based oil giant is working with naval authorities in the U.S. and Middle East to move its cargoes through the region, said CEO Mike Wirth.

Davos, Switzerland. January 16, 2024. Photo: Bloomberg

Michelin to Pause Spanish Production Due to Red Sea Crisis

Michelin suspended shifts at Spanish plants during the weekend of January 13 due to raw material delivery delays that arrive by sea from Asia.

Clermont Ferrand, France. Photo: iStock.com/Eric Bascol

U.S.-Owned Cargo Ship Near Yemen Hit by Missile

The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.

Image: iStock.com/PeterHermesFurian

Tesla Pausing German Factory Operations Citing Red Sea Disruptions

Tesla is one of the first companies in the world to disclose that Houthi militant attacks in the Red Sea caused the organization to suffer output disruptions.

Upland, California. Photo: iStock.com/baileystock

UN Security Council Demands End to Red Sea Houthi Attacks

The resolution also called on the Houthis to release the Galaxy Leader, a Japanese-operated car carrier linked to an Israeli businessman that was commandeered by the group November 19.

Image: iStock.com/PeterHermesFurian

Container Fleet Headed for Over-Capacity When Red Sea Situation Resolves

BIMCO says record deliveries could push container fleet above 30 million TEU in 2024, with another 3 million TEU scheduled to be delivered 2025-2026.

Suez Canal. Photo: iStock.com/Peter Schaefer

‘Windshipped’ Offers a Vision of an Alternative to Commercial Trucking in Hudson Valley

John Bowermaster’s movie makes a compelling argument for figuring out how to send non-perishable goods by wind and water.

Schooner Apollonia sails across New York Harbor. Photo: Center for Post Carbon Logistics

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Recycled Tagging Fasteners: Small Changes Make a Big Impact

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