Wind-powered cargo ship sets sail in a move to make shipping greener
August 21, (CNN) - A large red cargo ship named Pyxis Ocean set out on its maiden voyage this month. But unlike most others before it,...
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SHIPPING
- Aug 21
- 4 min
Focus: Historic drought, hot seas slow Panama Canal shipping
LOS ANGELES/HOUSTON, Aug 21 (Reuters) - Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas...
- Aug 18
- 3 min
U.S. Importers Are Managing This Summer’s Higher Shipping Costs
This year, container shipping companies have managed to recover from a significant decrease in freight rates. However, according to...
- Jul 6
- 3 min
Airfreight market “getting pretty nasty” as rates fall
Airlines are offering lower airfreight rates to avoid losing volumes despite data showing that demand declines have bottomed out. The...
- Apr 6
- 4 min
Analysis: Western curbs on Russian oil products redraw global shipping map
NEW DELHI/LONDON, April 6 (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions...
- Mar 22
- 2 min
Global freight slump deepens at the start of 2023
LONDON, March 21 (Reuters) - Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and...
- Mar 13
- 6 min
‘Hard to ignore Julie Su’: Biden’s labor secretary pick fights for confirmation
Julie Su has come a long way since she first made headlines in 1995 when she, then just 26 years old, was lead lawyer for 72 Thai workers...
- Feb 7
- 4 min
Shipping lines return to proven power of wind
Use of rotor sail technology set to boom as new carbon efficiency regulations force change Shipping is going back to the future....
- Jan 17
- 1 min
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...
- 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...
- 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...
- 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....
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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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