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Abandoned burning ship ‘had $400m cargo of luxury cars’
An abandoned ship that caught fire in the mid-Atlantic last week was carrying $401m (£295m) worth of cars, including Porsche, Audi,...
icarussmith20
Feb 22, 20222 min read
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Maersk board nominates family heir as new chairman
COPENHAGEN, Feb 15 (Reuters) - A.P. Moller-Maersk's (MAERSKb.CO) board said on Tuesday it has nominated family heir Robert Maersk Uggla...
icarussmith20
Feb 15, 20221 min read
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Top European shippers warn freight costs to stay high
COPENHAGEN, Feb 9 (Reuters) - Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year,...
icarussmith20
Feb 9, 20222 min read
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Maersk container ship runs aground off German island
BERLIN, Feb 3 (Reuters) - Container ship Mumbai Maersk (MAERSKb.CO) has run aground off the German island of Wangerooge in the North Sea,...
icarussmith20
Feb 3, 20221 min read
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World's first hydrogen tanker to ship test cargo to Japan from Australia
MELBOURNE, Jan 21 (Reuters) - A Japanese-Australian venture producing hydrogen from brown coal is set to start loading its maiden cargo...
icarussmith20
Jan 21, 20222 min read
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Maersk speeds up decarbonisation target by a decade
COPENHAGEN, Jan 12 (Reuters) - (This Jan. 12 story, corrects paragraph 11 to say that Maersk's targets are not currently approved by the...
icarussmith20
Jan 13, 20222 min read
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Can Shipping Really Go Green?
In the past, shipping containers have been notoriously bad for the environment. Generally speaking, the environmental effects of...
icarussmith20
Jan 13, 20222 min read
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Shipping group Maersk expects cargo delays to persist
COPENHAGEN, Jan 11 (Reuters) - Top container shipping firm A.P. Moller-Maersk (MAERSKb.CO) on Tuesday warned its customers it was still...
icarussmith20
Jan 12, 20221 min read
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Shipping giants will plot course for landbound M&A
LONDON, Dec 22 (Reuters Breakingviews) - Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s...
icarussmith20
Dec 23, 20212 min read
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What’s the Green Fuel of the Future for Shipping?
Shipping is the backbone of the global economy, carrying more than 80% of traded goods. But it also accounts for almost 3% of man-made...
icarussmith20
Dec 1, 20214 min read
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The worst is over for global supply chains, but shipping association says industry faces lingering i
The worst is over for global supply chains, but not all problems the shipping industry faces have gone away, said the chairman of a...
icarussmith20
Nov 24, 20212 min read
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Cost of shipping a container from Asia jumped over 500% since last year, Traeger Grills CEO says
Traeger CEO Jeremy Andrus told CNBC’s Jim Cramer on Monday that rising shipping expenses were a major reason for the grill maker’s...
icarussmith20
Nov 23, 20212 min read
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Surging shipping costs will drive up prices for some consumer products by 10%, new UN report finds
BEIJING — The global surge in container shipping rates could send consumer prices 1.5% higher over the next year, according to a report...
icarussmith20
Nov 19, 20212 min read
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Shipping rate surge threatens global economy recovery, UNCTAD says
LONDON, Nov 18 (Reuters) - A surge in container shipping rates poses a threat to the global economic recovery, with small countries...
icarussmith20
Nov 18, 20211 min read
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California ports delay planned fines for shipping containers amid 'improvement' in backlog
The Ports of Los Angeles and Long Beach have delayed a plan to impose fees on backlogged shipping containers that was set to take effect...
icarussmith20
Nov 17, 20212 min read
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Supply chain disruptions will take ‘quite a long time’ to resolve, says shipping firm CEO
Disruptions in global supply chains — which have led to a shortage of some goods — will take “quite a long time” to resolve and push...
icarussmith20
Nov 3, 20212 min read
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Maersk profits triple on record freight prices
Shipping giant Maersk says profits tripled over the latest quarter. Earnings hit $6.9 billion on the back of record-high freight rates....
icarussmith20
Nov 2, 20211 min read
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Industry looks to U.N. climate talks to steer cleaner shipping
LONDON, Oct 28 (Reuters) - World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make...
icarussmith20
Oct 29, 20212 min read
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Shipping drifts off net-zero course without carbon levy -study
COPENHAGEN, Oct 25 (Reuters) - The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by...
icarussmith20
Oct 25, 20212 min read
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Shipping industry faces ESG heat from lenders
LONDON, Oct 19 (Reuters) - Banks are demanding much stricter environmental criteria when financing shipping companies as investor...
icarussmith20
Oct 20, 20212 min read
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