Maritime

Maritime transportation, goods, services and regulation news

Shipping billionaire’s family office CIO exits in pay drama

Bloomberg | December 20, 2023 | Maritime | Bulk

Houthi attacks in the Red Sea add $22 billion to valuations of shipping companies

Bloomberg | December 20, 2023 | Maritime | Liner Shipping

Houthi assaults on merchant ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities.

Maritime

Bloomberg | Top Story | December 20, 2023

Over 100 container ships reroute as US weighs Red Sea response

More than a hundred container ships are taking the long route around Africa to avoid violence in the Red Sea, creating extra costs and delays, as the US weighs up how to respond to the latest threat to the global economy.

Russia’s Sokol oil gets stuck on tankers while en route to India

Bloomberg | December 20, 2023 | Energy | Maritime | Bulk

Almost five million barrels of Russia’s Sokol grade crude should have reached Indian refiners over the past four weeks.

US announces new task force to counter Houthi Red Sea threat

Bloomberg | December 19, 2023 | Maritime

US Defense Secretary Lloyd Austin announced a new maritime task force intended to protect commercial vessels traveling through the Red Sea from attacks by Houthi militants.

Houthi attacks start shutting down Red Sea merchant shipping

Bloomberg | December 19, 2023 | Maritime

Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy.

MOL decided to expand its fleet with 5 New LNG-fueled Capesize bulkers

AJOT | December 19, 2023 | Green Shipping | Maritime | Bulk

Blue Orange Wave’s ‘Edumersive’ software earns ClassNK certification for maritime training excellence

AJOT | December 19, 2023 | Maritime | Technology

Edumersive introduced as new compliant and innovative solution for seafarers' education

INTERCARGO statement on Red Sea attacks

AJOT | December 19, 2023 | Maritime

CMA CGM FAK rates - From the Indian Subcontinent & Red Sea to North Europe & the Mediterranean

AJOT | December 19, 2023 | Maritime | Liner Shipping

New generation takes over at Exmar

Listed Belgian shipowner sets a strategic milestone as Carl-Antoine Saverys will be the new CEO, taking over from Francis Mottrie who will stay on board as COO.

Spain’s Ership receives the best-performing bulk handling mobile harbor crane from Konecranes

Spanish maritime transport company Ership received in September 2023 a Generation 6 ESP.9B Konecranes Gottwald Mobile Harbor Crane with hybrid drive for their terminal in Gijón, northern Spain.

Markets spike following Houthi missile attacks as concerns grow over impact on global supply chains

AJOT | December 19, 2023 | Maritime

Crowley vessels and crews recognized for environmental achievement

AJOT | December 19, 2023 | Maritime | Liner Shipping

The Chamber of Shipping of America (CSA) recognized 85 Crowley vessels and their crews for a cumulative 782 years of safe environmental practices and operations.

[Freightos Weekly Update] Red Sea diversion causing delays and climbing rates

Red Sea shipping chaos, by the numbers

Bloomberg | December 19, 2023 | Maritime

A chunk of global shipping is now avoiding the Red Sea after a run of attacks on vessels in the key waterway that is vital for the transportation of everything from oil to coal and televisions.

LouLouis Dreyfus Company chooses bound4blue to install four eSAILs® on juice vessel

AJOT | December 19, 2023 | Maritime

bound4blue and Louis Dreyfus Company (LDC) announced today a commercial agreement for the manufacture and installation of four eSAILs® on LDC’s chartered juice vessel, MV Atlantic Orchard, in collaboration with...

Russia’s war in Ukraine revives the Red Sea as a vital oil route

Bloomberg | December 19, 2023 | Maritime

Maritime

Bloomberg | Top Story | December 19, 2023

Maersk sails south of Africa to avoid Red Sea conflict area

A.P. Moller-Maersk A/S will redirect its vessels to sail south of Africa to avoid the Red Sea conflict area where Houthi militants have attacked several ships.