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Ocean Transportation: Page 92
Center for Post Carbon Logistics Appoints Sustainable Logistics Fellow for Sail Freight
Vogel's mission is expanding and strengthening the logistical backbone of a sustainable sail freight network of distribution, storage, transport, and fulfillment services.
Marubeni and Pembina Sign Low-Carbon Ammonia Supply Chain Agreement
Pembina and Marubeni will establish a large-scale low-carbon ammonia supply chain in Canada with access to Japanese and Canadian governmental support.
Malaysian Maritime Agency Detains Chinese Barge
The Malaysian Maritime Enforcement Agency said it was investigating if the barge was involved in the looting of two WWII British shipwrecks in the South China Sea.
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.
Strategies for Managing Port Congestion and Container Shortages
Companies around the world must adopt new strategies to limit supply chain disruptions.
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.
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.
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.
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.
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.
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.
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.
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