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Ocean Transportation: Page 89

Oil Tanker Seized by Iran Had Indian Crew, Says Operator

U.S. officials believe the seizure was a retaliation against a decision by the Department of Justice to force a tanker headed to China with Iranian oil to redirect to America

Photo: Bloomberg

Five California Ports Sign Memorandum of Understanding for Data Partnership

Under the agreement, the five Californian ports will use computerized and cloud-based data to improve freight system resilience, goods movement efficiency, emissions reduction and economic competitiveness.

Photo: iStock.com/MattGush

U.S. Demands Iran Release Oil Tanker Seized in Gulf of Oman

Iran’s state-run IRNA news agency reported that a Marshall Islands-flagged tanker collided with an Iranian vessel in the Persian Gulf, prompting Iran’s navy to seize the vessel in Gulf of Oman.

Photo: Bloomberg

U.S. Navy Chooses Interos to Develop Supply Chain Risk Management Platform

Interos will be integrated into the Navy’s Program Executive Office Integrated Warfare Systems organization, providing preemptive responses to identify, assess and reduce supply chain risks.

Photo: iStock.com/alzay

Global Oil Benchmark Clears Hurdle as U.S. Ship Transfers Granted

The change will bring much-needed liquidity into the benchmark, which for years has been suffering from shrinking supplies.

Photo: Bloomberg

Tanker Company Moving Russian Oil Loses Insurance Over G-7 Cap

The P&I insurance that Gatik lost is important for vessels when they enter ports or sail through key waterways like Turkey’s ardanelles shipping straits.

Photo: Bloomberg

Global Supply Chains Are Operating More Efficiently, Report Finds

The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight.

Photo: iStock.com/Nuthawut Somsuk

French Tycoons Enter Talks for $5.5bn Logistics Deal

Rodolphe Saade, the French billionaire at the helm of shipping giant CMA CGM SA, has made an unsolicited $5.5 billion offer to buy Bollore SE’s logistics arm.

Rodolphe Saade. Photo: Bloomberg

Port of Los Angeles Shipping Volumes Down for Eighth Consecutive Month

Marking the end of a “soft first quarter,” the Port of Los Angeles processed 623,234 TEUs in March 2023, marking continued volume decline.

An aerial view of Pier 400 at the Port of Los Angeles. Photo: Port of Los Angeles.

Germany is Reviewing If Cosco Can Buy Hamburg Terminal Stake

Berlin is expected to adopt a more critical stance on China following Beijing’s increasingly militaristic threats against Taiwan.

Photo: Bloomberg

Brookfield Infrastructure to Buy Triton in $4.7bn Deal

Brookfield agreed to buy Triton International Ltd., the world’s largest owner of intermodal shipping containers, for $4.7 billion.

Photo: Bloomberg

Dramatic Improvements in U.S. West Coast Dwell Times, Figures Show

The decrease in dwell time has been aided by the shift in trade patterns, with many shippers opting to use the Port of New York and New Jersey instead.

Morgan's Point - The Port of Houston. Photo: iStock.com/Art Wager

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