Logistics > Ocean Transportation | SupplyChainBrain

Ocean Transportation: Page 88

Ocean Freight Rates Drop to 2019 Levels
With more capacity from shipbuilders on the way, shipping companies have limited leverage in what’s become a buyers’ container market.
Photo: iStock.com/SHansche
Strategies for Managing Port Congestion and Container Shortages
Companies around the world must adopt new strategies to limit supply chain disruptions.
Cargo ships waiting in Singapore Harbor. Photo: iStock.com/IgorSPb
Port of Los Angeles Shipping Volumes Fell 22% Year-on-Year
Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.
Port of Los Angeles. Photo: iStock.com/jgroup
FMC fines ONE and Wan Hai Lines $2.65mn
Ocean Network Express and Wan Hai Lines were fined for unwarranted container detention charges by the FMC.
Ocean Carrier Container Ship Maersk Altair
Tanker Companies Reaping Bonanza from Aging Ships Sold into ‘Shadow Fleet’
Owners of newer ships are also doing well, getting high prices for old ships while benefiting from strong tanker rates.

Photo: iStock.com/Stefan Lambauer
Europe Gas Extends Drop With Record Amounts of LNG Idling at Sea
Aggregated speed for the global LNG vessel fleet has declined, going from an average of about 14 knots for April in previous years, down to 13 knots in April 2023.
Photo: Bloomberg
Macquarie Seeks Buyer for Ceres Terminals
Macquarie is looking for $1 billion for the business but strategic buyers in the shipping sector may be limited.
Galveston Cruise Terminal with the Allure of the Seas docked. Ceres is a 50-50 partner in the terminal with Royal Caribbean. Photo: Royal Caribbean International.
OPEC+ Curbs Spark 85% Rout in Oil Tanker Rates After Boom
The pull-back will likely offer some relief to the oil market, where long-haul arbitrage cargoes have had more difficulty due to elevated freight rates.
Putin's to blame. Photo: Bloomberg
CMA CGM Committed to Buying Bolloré’s Logistics Unit
CMA CGM said it is committed to acquiring Bolloré Logistics for €5 billion in a deal that would add 14,000 employees to the company's workforce.
May 2021. Photo: iStock.com/eyewave
Bed Bath & Beyond Seeking Millions of Dollars from Container Shipping Lines
Bed Bath & Beyond filed a complaint stating Orient Overseas Container Line participated in practices that cost the world-famous retailer $31.7 million.
Pearland, Texas. February 19, 2022. Photo: iStock.com/JHVEPhoto
Iran Seizes Second Oil Tanker, Heightening Shipping Fears
The incident is the latest flare-up in one of the world’s most oil-rich regions, after Iran seized another tanker in the nearby Gulf of Oman April 27.
Photo: Bloomberg
Japan Adopts New Ocean Policy to Bolster Maritime Security
The new five-year policy aims to strengthen Japan's maritime security in response to increased assertive actions from China and other nations.
A view from Miho no Matsubara, Japan. Photo: iStock.com/Torsakarin
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