SHIPPING

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...

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,...

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...

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...

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...

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...

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...

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...

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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