Maritime

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[Freightos Weekly Update] N. America ocean rates starting to ease as carriers adjust to diversions

Houthi missile damages MSC container ship in Gulf of Aden

Bloomberg | March 05, 2024 | Maritime | Liner Shipping

Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.

Red Sea and Panama Canal disruptions: 2024 implications for shippers

When disruption in the Red Sea co-occurred with ongoing water level challenges in the Panama Canal, shippers were eager to understand immediate supply chain impacts.

Former Defense Secretary Gates says Suez disruptions could last indefinitely

Former Secretary of Defense Robert Gates said disruptions to the Red Sea by Houthi forces could go on indefinitely curtailing use of the Suez Canal and forcing ocean carriers to plan for long term redirection of shipping around the coast of Africa.

China reopens after Chinese New Year, container rates plateau - March Container Market Forecaster by Container xChange

AJOT | March 05, 2024 | Maritime | Liner Shipping

• Roughly one third of companies surveyed ‘reducing suppliers’ this year, 63% aiming to diversify suppliers in response to the continued geopolitical risks • Following Chinese New Year, container prices have plateaued but remain elevated since the onset of Houthi attacks in November 2023. • Liners see gains from tighter capacity and increased demand as they head into the contract negotiation season in March-April 2024.

MSC BRQ - scope: Australia, New Zealand, Noumea, Fiji, and Bell Bay to USA

AJOT | March 05, 2024 | Maritime | Liner Shipping

Effective April 1st, 2024, MSC BRQ quantum for Q2 2024 to be considered for Australia, New Zealand, Noumea, Fiji, and Bell Bay to USA will be as follows:

MSC BRC - scope: Australia, New Zealand, Fiji, Noumea & Bell Bay ports to USA

AJOT | March 05, 2024 | Maritime | Liner Shipping

MSC BRC levels applicable for Australia, New Zealand, Fiji, Noumea & Bell Bay to USA effective April 1st, 2024, will be the following:

MOL and TLT signs long-term charter deal for newbuilding LNG carrier

AJOT | March 05, 2024 | Energy | Maritime | Bulk

Maritime

AJOT | Top Story | March 05, 2024

Generational change at the helm of Liberty Maritime

After 35 years, Philip Shapiro turns over the leadership of the company to his son and daughter

Indian Register of Shipping partners GRSE for development of autonomous and green energy vessels

AJOT | March 05, 2024 | Green Shipping | Maritime | Technology

Billionaire shipping clan gives ‘exceptional’ donation to Louvre

Bloomberg | March 05, 2024 | Maritime | Liner Shipping

France’s billionaire Saade family has made a major donation to the Louvre museum through its shipping line, a further step by the clan to raise its business and philanthropic profile.

Jan De Nul Group extends contract with Castor Marine for full fleet hybrid LEO and GEO connectivity

AJOT | March 05, 2024 | Maritime | Technology

80+ dredgers, jack-up barges, cable installation vessels, fall-pipe rock installation vessels, multipurpose ships, heavy lift vessels, and Unmanned Survey Vessels to be served.

Sunken ship in Red Sea shows Houthi attacks’ environmental risk

Bloomberg | March 05, 2024 | Maritime | Liner Shipping

Port of South Louisiana sees back-to-back years of growth in tonnage

AJOT | March 04, 2024 | Maritime | Bulk | Ports & Terminals

Trend reversal leads to 10-million-ton increase in cargo for second largest tonnage port in the Western Hemisphere.

MOL Chemical Tankers completes acquisition of Fairfield Chemical Carriers

AJOT | March 04, 2024 | Maritime | Bulk

Houthis claim attack on MSC container ship, causing fire

Bloomberg | March 04, 2024 | Maritime | Liner Shipping

CMA CGM partners with Nike for sustainable shipping

AJOT | March 04, 2024 | Green Shipping | Maritime | Liner Shipping

The CMA CGM Group has announced a collaboration with Nike to reduce the carbon footprint of their maritime transport.

Svitzer strengthening organization ahead of intended listing

AJOT | March 04, 2024 | Maritime | Ports & Terminals | Equipment and Tech

EHRENBOGEN appointed Senior VP, Development & Strategic Account of the CMA CGM Group

The CMA CGM Group announces the appointment of Thierry EHRENBOGEN as Senior Vice President, Development & Strategic Account, effective from March 1st, 2024.

Hellmann and HMM collaborate to advance sustainable seafreight solutions

Hellmann Worldwide Logistics has committed itself to the strategic goal of making logistics of the future more sustainable in all product segments, thereby contributing to the Paris Agreement on climate change.

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