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Ocean Transportation: Page 91

Maersk Sells Last Major Energy Asset as It Focuses on Logistics

Denmark’s biggest company outlined in 2016 a historic strategic shift to break up its century-old conglomerate structure and sell all its four big energy assets.

Photo: iStock.com/Marius Steinke

Port of Los Angeles Container Volumes Down 43% in February as Global Trade Slows

Extended lunar new year closures, well-stocked retailers and economic concerns point to soft first quarter.

Container ships at the Port of Los Angeles in Los Angeles, California, U.S., on Tuesday, Nov. 16, 2021. The historic traffic jam at the Port of Los Angeles has eased slightly as ocean carriers face fines for letting cargo linger and “sweeper ships” arrive to haul off empty containers. Photo: Bloomberg

Companies Are Balking at Spending for Green Freight Transport

Carriers say they are facing resistance to the growing array of sustainable transport operations they are bringing to markets.

Photo: iStock / audioundwerbung

Traders Marshal a Fleet of Supertankers to Haul U.S. Oil to Europe

Big importers like China and India have been picking up larger volumes as western buyers abandoned the cargoes due to sanctions on Moscow for the invasion of Ukraine.

Photo: Bloomberg

Port of LA to Establish Green Shipping Corridor with Tokyo & Yokohama Ports

MOUs finalized during the 2023 California Japan Clean Energy Trade Mission build on Port of LA’s pursuit of expanded global sustainability cooperation, and further its long-standing relationships with Japan’s ports.

Seated at left, Port of Yokohama Director General Hiroya Nakano signs Memorandum of Understanding along with Port of Los Angeles Executive Director Gene Seroka. Standing, from left, are Shinya Hitomi, President and CEO, Yokohama-Kawasaki International Port Corporation; California Lt. Governor Eleni Kounalakis and California Secretary of Transportation Toks Omishakin. Photo: Port of Los Angeles.

In the Switch to Green Ship Fuels, What Comes First — Investment or Demand?

Key to the success of ocean carriers' decarbonization efforts is the switch to green fuels.

Photo: iStock / audioundwerbung

Kuehne + Nagel Seeks Expansion, CEO Says

Stefan Paul believes Kuehne + Nagel is well positioned to weather freight volatility and that a cargo recovery could begin as soon as the second half of this year.

CEO Stefan Paul. Photo: Kuehne + Nagel

Can Container Lines Withstand a Massive Increase in Vessel Capacity?

Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium.

Photo: iStock.com/eyewave

Crew That Unstuck the Ever Given Says It’s Owed More Money

The firm, known for flying employees from one shipping crisis to the next, argued this week that the ship’s Japanese owners are preventing them for claiming a higher salvage award.

Photo: Bloomberg

Biden Envoy Says Automating Ports Doesn’t Have to Cost Jobs

It’s reasonable for businesses to look at investments in technology that would enhance production and efficiency, said Stephen Lyons.

The Port of Los Angeles' Pier 300 channel. Photo: Port of Los Angeles

Shell and Hapag-Lloyd Sign Multi-Year LNG Supply Agreement

Bunkering for these twelve new vessels is expected to commence during the second half of 2023, and LNG will be supplied in the Port of Rotterdam.

Photo: iStock.com/CreativeNature_nl

Patience Wanes Over West Coast Port-Labor Talks as Cargo Drops

Talks for a new labor pact between West Coast dockworkers and their employers are stretching into a 10th month, but with no agreement in sight.

The Port of Los Angeles' Pier 300 channel. Photo: Port of Los Angeles

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