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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...
icarussmith20
Jan 17, 20231 min read
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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...
icarussmith20
Dec 16, 20223 min read
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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...
icarussmith20
Dec 15, 20222 min read
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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....
icarussmith20
Dec 14, 20224 min read
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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...
icarussmith20
Dec 9, 20222 min read
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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...
icarussmith20
Dec 1, 20221 min read
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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...
icarussmith20
Nov 25, 20221 min read
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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...
icarussmith20
Nov 11, 20223 min read
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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...
icarussmith20
Nov 2, 20222 min read
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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...
icarussmith20
Oct 31, 20221 min read
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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...
icarussmith20
Oct 25, 20224 min read
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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...
icarussmith20
Oct 21, 20222 min read
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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,...
icarussmith20
Oct 13, 20221 min read
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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...
icarussmith20
Oct 11, 20224 min read
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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...
icarussmith20
Oct 5, 20221 min read
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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...
icarussmith20
Oct 4, 20223 min read
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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...
icarussmith20
Sep 29, 20222 min read
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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...
icarussmith20
Sep 9, 20222 min read
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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...
icarussmith20
Sep 8, 20222 min read
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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"...
icarussmith20
Sep 2, 20223 min read
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