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Ocean Transportation: Page 76

Maersk, Hapag-Lloyd Deny Reported Safe Passage Deal With Houthis

ShippingWatch said the pact would involve shipping companies agreeing to not go to Israel in return for being allowed through safely.

The Red Sea with the Jordanian mountains, viewed from Eilat, Israel. Photo: iStock.com/Barbara Gabay

ONE Launching Service Between Georgia and West India

The new offering, consisting of nine vessels, will provide the Georgia Ports Authority with access to ten services via the Suez Canal, including nine routes to the Indian subcontinent.

Savannah, Georgia. Photo: iStock.com/Wirestock

Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began

Since the Houthi attacks began, an estimated 181 vessels have been rerouted around Africa, while another 26 ships are opting to drift

Suez Canal. Photo: iStock.com/Peter Schaefer

Cargo Ship Damaged by Russian Mine in Black Sea, Ukraine Says

Russia says it regards all cargo ships in the Black Sea bound for Ukraine as potential military targets, and mines remain a constant threat.

Photo: iStock.com/IherPhoto

China Names a New Naval Chief as Maritime Tensions Climb

The Chinese military has held major military drills around Taiwan twice since August 2022 because President Tsai Ing-wen met senior U.S. lawmakers.

Kaohsiung Harbor, Taiwan. Photo: iStock.com/JavenLin

Hapag-Lloyd Says Red Sea Route Still Too Dangerous

By contrast, both Maersk and CMA CGM said they were devising plans to gradually increase the number of ships they send through the Suez Canal.

Hamburg, Germany. Photo: iStock.com/n_prause

Maersk Prepares to Resume Shipping through Red Sea

Other shipping giants including Mediterranean Shipping Company (MSC), CMA CGM and Hapag-Lloyd have also been avoiding the Red Sea route because of the increased threat of attacks.

Photo: iStock.com/Marius Steinke

Capital Product Partners Finalizes $3B Acquisition of 11 LNG Vessels

Capital Product Partners entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, 2023 to acquire 11 LNG vessels from Capital Maritime.

Photo: iStock.com/Автор

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

Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments

Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.

Photo: iStock.com/Berezko

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

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