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Think Tank
Ocean Transportation: Page 79
Dealfeng Rotor Sail Installation Completed on Oil Tanker
The companies say a vessel using the rotor sails can achieve a reduction of around 8% of fuel and GHG emissions, while maintaining speed and travel time.
ONE Launches West India-North America Service to Enhance Connectivity in India
The ocean carrier said the new service will be conducted via a fleet of nine vessels, all of which are operated by ONE.
Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy
The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.
Tanker With Ties to Israeli Billionaire Ofer Boarded Off Yemen
The incident is the latest in a string of attacks since Iranian-backed Houthi rebels in Yemen issued a threat to target ships until Israel’s military operation against Hamas ends.
Climate Neutral Island Supply Vessel Commissioned for Marshall Islands
The ship is equipped with a semi-automated INDOSAIL wind propulsion system, enabling it to reach a speed of roughly 12 knots with a sailing area of 500 square meters.
Cargo Volumes Rise for Third-Straight Month at Port of LA
Through the first ten months of 2023, the Port has processed 7,123,900 TEUs, which represents a 16.6% drop-off when compared to the same period in 2022.
Israeli Vessel’s Capture Reignites Fears Over Mideast Shipping
While the impact of the Israel-Hamas war has been contained so far, markets have been wary that the fighting will draw in other nations in the region, particularly Iran.
NATO Members Seek to Reach Deal on Black Sea Mine-Sweeping Force
The mine-sweeping force wouldn’t be considered a NATO operation but would be the first major combined action of Black Sea allies since President Vladimir Putin ordered the war on Ukraine.
Europe's Auto Exports Boosted by EV Subsidies
German manufacturers exported around 2.6 million new passenger cars in the 10 months through October, up 22% year over year.
Moving Container Production From China Won't Ease Supply Chain Woes, SC Execs Say
Nineteen percent of responders said that they believe shifting production away from China would help supply chains while another 27% said this change could maybe alleviate supply issues.
U.S. Asks About 100 Tankers in Russia Oil Cap Violations Probe
The U.S. Treasury recently imposed its first sanctions on companies accused of violating an oil price cap.
U.S. to Build $553M Deep-Water Shipping Terminal in Sri Lanka
The Port of Colombo has been operating near its capacity since 2021, meaning the new terminal will enable the continued growth of economies located in the Bay of Bengal.
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