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Ocean Transportation: Page 77

Shipbuilder Samsung Ordered to Pay $290M Over Defects

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.

Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj

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

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

Maersk Stops All Red Sea Container Ship Traffic

Maersk said December 14 that its vessel, Maersk Gibraltar, was targeted by a missile when traveling from Salalah, Oman to Jeddah, Saudi Arabia.

Photo: iStock / Marina113

Two Cargo Ships Attacked by Houthis in Red Sea

Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.

Photo: iStock.com/SHansche

Star Bulk and Eagle Bulk Shipping Agree to $2.1B Merger

Star Bulk Carriers' shareholders will own 71% of the company while the remaining 29% will be owned by Eagle Bulk shareholders.

Photo: iStock.com/liorpt

Houthi Rebels Strike Norwegian Tanker with Missile

Houthi spokesperson Yahya Saree said that the ship was targeted December 11 after its crew failed to respond to warnings.

Photo: iStock.com/Dikuch

Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia

A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.

Cameroon is deemed “very high risk” as a ship registry by authorities. Photo: iStock.com/NatanaelGinting

Mastering Data Flow in Your Supply Chain

It’s not too late to course-correct your data practices, but you have to take that first step sooner rather than later.

Image: iStock.com/bestdesigns

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

Franchise business e-commerce online e-marketplace or digital marketing branch expansion for growth or use technology to analyze product consumer data website management plan for sale service concept.

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