Logistics > Ocean Transportation | SupplyChainBrain

Ocean Transportation: Page 93

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
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.
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