The world’s major ocean container lines can’t get enough of big new ships — never mind the threat of severe overcapacity and a resulting downward pressure on freight rates.

The Houthis have been consistently attacking merchant shipping in the region for months in protest against Israel’s war with Hamas.

U.S. Central Command said the attack had caused an 18-mile oil slick, warning that the spillage of the cargo into the sea would worsen the environmental impact.

Carrier members of the Digital Container Shipping Association have committed to 100% implementation of electronic bills of lading by 2030, according to CEO Thomas Bagge.

The GXO bid complicates efforts by Ceva’s parent, container line CMA CGM, to expand its logistics reach.

BIMCO said that, so far in February, the number of ships transiting through the Gulf of Aden and the Suez Canal is 50% and 37% lower than last year respectively.

The approval is conditional upon full compliance with the commitments to divest some sea freight forwarding operations in Martinique, Guadeloupe, and French Guiana.

Thin film electronics is a rapidly evolving technology that has the potential to revolutionize supply chains and shipping as well as other industries.

Oil deliveries have generally become more long-distance since a reshuffling of global oil flows following Russia’s invasion of Ukraine.

The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.