China's COSCO SHIPPING Holdings to pay over $800 mln for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG, Jan 17 (Reuters) - China's COSCO SHIPPING Holdings (601919.SS) has agreed to pay 5.5 billion yuan ($814 million) to...
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icarussmith20
- Dec 16, 2022
- 3 min
Why is Maersk shaking things up at the executive level?
Shipping giant A.P. Moller-Maersk has confirmed the appointment of Vincent Clerc as its new chief executive officer as they prepare to...
28 views0 comments
icarussmith20
- Dec 15, 2022
- 2 min
US government sues Arizona governor for using shipping containers as barrier on Mexico border
The US government has sued Republican governor Doug Ducey and the state of Arizona for building a wall with shipping containers along...
2 views0 comments
icarussmith20
- Dec 14, 2022
- 4 min
Protesters block construction of Arizona border wall made of shipping containers
What started as a small demonstration has turned into a two-week standoff as residents and environmentalists fight outgoing Arizona Gov....
2 views0 comments
icarussmith20
- Dec 9, 2022
- 2 min
Deepening Turkey tanker logjam snarls Russia oil sanctions
ISTANBUL, Dec 9 (Reuters) - Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
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icarussmith20
- Dec 1, 2022
- 1 min
The container-shipping industry's era of crazy-high profits has finally peaked
Container-shipping profits have soared during the pandemic to levels that industry veteran John McCown has variously described as...
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icarussmith20
- Nov 25, 2022
- 1 min
Oil Freight Boom Makes $1 Million Waiting Bills More Common
With soaring shipping costs comes soaring bills for ships doing nothing. In the oil-tanker market, day rates for delayed vessels -- think...
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icarussmith20
- Nov 11, 2022
- 3 min
The global shipping industry is facing a new problem — too many containers
While there was a shortage of containers at the height of the Covid pandemic, the global economy is now facing the opposite problem: too...
5 views0 comments
icarussmith20
- Nov 2, 2022
- 2 min
World’s largest container shipping firm Maersk, a barometer for global trade, warns of ‘dark clouds
Maersk, the world’s largest container shipping firm, on Wednesday posted record profit for the third quarter on the back of high ocean...
10 views0 comments
icarussmith20
- Oct 31, 2022
- 1 min
COSCO Shipping says to buy $2.7 bln port assets from parent, in $2.9 bln ship building deal
Oct 31 (Reuters) - COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7...
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icarussmith20
- Oct 25, 2022
- 4 min
Rising shipping costs prompt businesses to get creative with deliveries
Rising shipping costs are primed to squeeze profits for businesses of all sizes this holiday season. Entrepreneurs and executives say...
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icarussmith20
- Oct 21, 2022
- 2 min
Global supply chain woes have seen ‘huge improvement,’ Flexport founder says
Global supply chain woes have eased ahead of the holiday season, according to Flexport founder and co-CEO Ryan Petersen. Ports are less...
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icarussmith20
- Oct 13, 2022
- 1 min
Mississippi River levels are dropping too low for barges to float
The Mississippi River is flowing at its lowest level in at least a decade, and until rain relieves a worsening drought in the region,...
2 views0 comments
icarussmith20
- Oct 11, 2022
- 4 min
Luxury cruise industry aims to lower carbon footprint through design technology, alternative fuels
The luxury cruise industry wants to cut its carbon footprint by making more energy efficient ships, tapping new fuels, and improving its...
2 views0 comments
icarussmith20
- Oct 5, 2022
- 1 min
Maersk orders six more vessels fuelled by carbon neutral methanol
OSLO, Oct 5 (Reuters) - Container shipping firm A.P. Moller-Maersk (MAERSKb.CO) said on Wednesday it has ordered six additional vessels...
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icarussmith20
- Oct 4, 2022
- 3 min
Ocean freight orders are signaling a big drop in consumer demand
A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop in ocean...
1 view0 comments
icarussmith20
- Sep 29, 2022
- 2 min
U.S. Approves Temporary Shipping Waiver for Puerto Rico After Hurricane
By David Shepardson (Reuters) -The Biden administration on Wednesday approved a waiver of U.S. shipping rules to address Puerto Rico’s...
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icarussmith20
- Sep 9, 2022
- 2 min
Can Shipping Ever Be Low Emission?
This week Reuters reported that a group of shipping companies have come together to launch an initiative to research the different ways...
16 views0 comments
icarussmith20
- Sep 8, 2022
- 2 min
Shipping rates are still falling, in another sign that a global recession may be coming
Freight rates have continued to fall as global trade volumes slow as a result of shrinking demand for goods, the latest data from S&P...
2 views0 comments
icarussmith20
- Sep 2, 2022
- 3 min
Gibraltar races to stop 'significant' oil leak from ship collision with gas tanker
(CNN) A cargo ship that collided with a natural gas tanker earlier this week off Gibraltar has "crumpled" and is leaking a "significant"...
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