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AJOT | Top Story | January 26, 2024

Shipping sector to seize solutions to reduce underwater noise pollution

As a meeting of the International Maritime Organization’s Sub-Committee on Ship Design and Construction (SDC 10) closed today in London, the Clean Arctic Alliance welcomed the IMO’s agreement on reducing underwater noise pollution from shipping.

Red Sea chaos pushes fuel tanker costs above $100,000 a day

Bloomberg | January 26, 2024 | Maritime | Bulk

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

Maritime

AJOT | Top Story | January 25, 2024

ZIM launches ZIM Pacific Northwest Xpress (ZPX) an independent service connecting Asia, Canada and the US via Vancouver Gateway

ZIM Integrated Shipping Services Ltd. announced today the launch of ZIM PNW Xpress (ZPX), an independent service that will connect Asia, Canada and the USA via Vancouver Gateway.

Republic of the Marshall Islands Registry achieves 200 million quality gross tons

AJOT | January 25, 2024 | Maritime

Ships hauling US government cargo in Red Sea turn back after explosions nearby

Bloomberg | January 25, 2024 | Maritime | Liner Shipping

Two A.P. Moeller-Maersk A/S container ships that were hauling US government cargoes into the southern Red Sea performed u-turns after a navy escort intercepted nearby attacks.

Crowley accepts delivery of eWolf, the first fully electric tugboat in the U.S.

AJOT | January 24, 2024 | Green Shipping | Maritime | Technology

Crowley has accepted delivery of eWolf, the first all-electric, ship assist harbor tugboat in the U.S., a milestone advancing the company’s commitment to sustainability and decarbonization.

THE Alliance reaffirms commitment to unwavering cooperation

AJOT | January 24, 2024 | Maritime | Liner Shipping

[Freightos Weekly Update] Ocean rates up, but may be reaching ceiling from pre-Lunar New Year demand

Though US and UK strikes on Houthi targets continue, attacks on Red Sea vessels persist as well, as do carrier diversions away from the Suez Canal.

MSC EOS - scope: Turkey to USA & San Juan, Puerto Rico postponed

AJOT | January 23, 2024 | Maritime | Liner Shipping

MarineLINE maker Advanced Polymer Coatings breaks ground on multi-million dollar factory expansion to drive global sales

• Biggest investment in family run company’s history will almost double size of Avon, Ohio factory to 42,000 sq ft • New state-of-the-art automated production line will quadruple manufacturing capacity • Investment aims to drive sales of MarineLINE and ChemLINE products in the chemical tanker, rail, tank container and industrial coating markets • New partnership with Ohio freight forwarder UWL will speed up delivery times to shipyards globally

CMA CGM SCANDOLA, the group’s first LNG-powered containership to call West African ports

AJOT | January 23, 2024 | Maritime | Liner Shipping

Cost of shipping fuel to Asia jumps 182% since Yemen airstrikes

Bloomberg | January 23, 2024 | Energy | Maritime

A surge in oil tanker earnings extended, with one route jumping the most in a day since 2022, as the disruption to traffic through the Red Sea lifts the cost of hauling some barrels.

WinGD X-DF advances underpin QatarEnergy phase two success

AJOT | January 23, 2024 | Maritime | Bulk

Swiss marine power company WinGD is expecting to secure the majority of dual-fuel engine orders for LNG carriers being built in the second phase of QatarEnergy’s newbuilding project.

Chaos in the Red Sea is starting to bite into companies’ profits

Bloomberg | January 23, 2024 | Maritime

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply-chain strains show up in companies’ earnings reports.

Latest data from Xeneta forecasts ocean freight shipping rates are set to rise further in February

AJOT | January 23, 2024 | Maritime | Liner Shipping

Safety of seafarers is paramount say dry bulk ship owners

AJOT | January 23, 2024 | Maritime | Breakbulk News

CSL recognized as Top Employer for Young People for third consecutive year

AJOT | January 23, 2024 | Maritime | Breakbulk News

C3is Inc. announces closing of $7.0 million upsized underwritten public offering

AJOT | January 23, 2024 | Maritime | Breakbulk News

Ships told to transit Red Sea with ‘great care’ after strikes

Bloomberg | January 23, 2024 | Maritime | Bulk

A key trade group said the US has advised ships that continue to transit the Red Sea do so with “great care” after a fresh round of joint air strikes with the UK on Yemen’s Houthi militants.

US, UK airstrikes hit more Houthi targets in new escalation

Bloomberg | January 22, 2024 | Maritime

The US and UK launched new airstrikes against eight Houthi targets in Yemen on Monday, the latest salvo in an allied effort to stop the group from harassing commercial shipping in the Red Sea.

Maritime

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