Maritime

Maritime transportation, goods, services and regulation news

What happened to five oil tankers sanctioned for Russia violations

Bloomberg | November 22, 2023 | Energy | Maritime | Bulk

Over the past month, the US has sanctioned five vessels for hauling crude above $60-a-barrel price cap set by the Group of Seven and its allies.

Maritime

Bloomberg | November 22, 2023

South African port gridlock sees ships pile up

A maritime gridlock at South African ports has kept nearly 100 vessels waiting to dock as Transnet SOC Ltd., the state-owned logistics firm, struggles with breakdowns and bad weather.

Hapag-Lloyd opens Technology Center in Chennai

AJOT Newsroom | November 22, 2023 | Maritime

Housed in the World Trade Center Chennai, HLTC will be operated as part of a joint venture that Hapag-Lloyd established with the Indian technology company Solverminds in June this year...

US to review terrorist label for Houthis after ship seized

Bloomberg | November 21, 2023 | Maritime | Breakbulk News

Nigeria revives oil tanker tax issue that drove up freight rates

Bloomberg | November 21, 2023 | Maritime | Bulk

Green Shipping

Bloomberg | November 21, 2023

Global shipping’s $3.6 billion carbon bill is six weeks away

Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s almost certainly going to rise as the continent steps up efforts to combat climate change.

Emerson and Frugal Technologies join forces to reduce fuel consumption in shipping

AJOT Newsroom | November 21, 2023 | Green Shipping | Maritime | Technology

Global automation technology leader Emerson has made a strategic investment in Frugal Technologies, which will use Emerson's global organization to accelerate sales of its fuel-saving AI technology for ships.

Hamburg-based ship finance platform oceanis dives into the green financing landscape in its Q4 state of ship finance report

AJOT Newsroom | November 21, 2023 | Maritime | Bulk

The Strait of Hormuz: the world’s most important oil transit chokepoint

AJOT Newsroom | November 21, 2023 | Energy | Maritime | Bulk

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.

ITIC reveals pitfalls in maritime dealings: Neglecting information transfer leads to US$ 60,000 AWRP dispute

AJOT Newsroom | November 21, 2023 | Maritime | Bulk

CMA CGM Panama Adjustment Factor implementation

AJOT Newsroom | November 21, 2023 | Maritime | Liner Shipping

Container xChange unveils ‘The Future of Shipping in 2024’ report

AJOT Newsroom | November 21, 2023 | Maritime | Liner Shipping

• Majority of supply chain professionals predict China Plus One to prominently emerge in 2024 • Competition and shrinking profits to necessitate market consolidation in 2024

[Freightos Weekly Update] Ocean rate slide show mixed GRI impact; air rates climbing

Billlionaire shipping scion warns of difficult time for industry

Bloomberg | November 20, 2023 | Maritime | Liner Shipping

Rodolphe Saade, the billionaire head of the world’s third-largest container line, warned the industry is entering a choppy period as new vessels ordered during the pandemic shipping boom enter service in 2024.

Marfin trial of SulNOxEco™ demonstrates fuel savings of up to 6.4%

Marfin Management S.A.M. confirms an expanded trial of SulNOx products onboard up to six vessels following successful initial trial of drop-in fuel conditioner SulNOxEco™.

WinGD to supply methanol-fueled engines for six green container vessels

Swiss marine power company WinGD will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China.

Maritime

Bloomberg | November 20, 2023

Israeli vessel’s capture reignites fears over Mideast shipping

A Israeli-owned ship seized in the Red Sea by Iran-backed Houthi rebels in retaliation for the war in Gaza is raising fears over more widespread disruption in one of the world’s busiest shipping routes.