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...The small group of billionaires at the pinnacle of French business that includes LVMH boss Bernard Arnault and corporate raider Vincent Bolloré has lately had to make room for a new kid on the block: shipping...
...He added that Maersk had little visibility over the security situation around the Red Sea as it was “morphing” all the time as well as being linked to the Israeli-Palestinian conflict....
...The chief of Germany’s largest military contractor Rheinmetall has urged European countries to ditch their preference for national champions and build bigger, more specialised defence groups to compete with...
...As well as the MSC Orion attack, the Houthis also on Friday hit the Andromeda Star, an oil tanker sailing through the Red Sea....
...But, as goods travel shorter distances, that will dampen shipping demand relative to gross domestic product. This big bout of overcapacity will take longer to be absorbed. camilla.palladino@ft.com...
...A US hedge fund is seeking to reverse a high-profile deal between Frontline, controlled by shipping magnate John Fredriksen, and one of Belgium’s oldest shipping dynasties....
...Vessels have to pass through the strait to reach Gulf ports such as Dubai....
...Among other means being tested to cut shipping emissions are the uses of methanol, ammonia and hydrogen as fuel....
...Newcastle United football club director Amanda Staveley on Wednesday called on a judge to block a shipping magnate from pushing her into bankruptcy as her lawyers called a multimillion-pound demand he has...
...Her lawyer Ted Loveday also told the court that Restis was now demanding only about £3.5mn, not the approximately £36mn he had initially sought, as he had abandoned an attempt to pursue her for more than...
...Ambrey described it as “UK registered and Lebanon operated”. The Sea Champion’s registered owner is New York-based MKM Chartering....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...He said lines were using facilities as far away as Malta and Italy’s Gioia Tauro....
...long as possible....
...CMA CGM, the world’s third-biggest container shipping group, said some of its vessels were continuing to go through the Suez Canal but warned of scheduling chaos and worried clients as attacks by Houthi...
...“They don’t have the scale to continue as they were.”...
...That means earnings for shipping companies and their shareholders also have a tendency for exaggerated cyclicality....
...How long it lasts depends on when order is restored to shipping lanes....
...the volatility of container shipping and build a media business....
...Emissions from container ships, car carriers and dry bulk ships diverting from the Red Sea are set to increase as much as 70 per cent as vessel operators increase speeds to compensate for the longer route...
...Lina Khan, Federal Trade Commission chair, presents Boeing as a cautionary tale of the pitfalls of “national champions”; turning it into a too-big-to-fail domestic monopoly in commercial aircraft lessened...
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...However, they are still more than twice what they were as recently as January 18, the day before the announcement of the initial CMA CGM bid....
...On February 19, the US-owned Sea Champion was struck in a missile attack while delivering humanitarian aid....
...Container ships as large as the Dali did not routinely call at US east coast ports until the Panama Canal lock upgrade in 2016, said Simon Heaney, at London-based Drewry Shipping Consultants....
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