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...Diverting container ships via the Cape of Good Hope adds about 13,000km in distance for an Asia-Europe round trip, and hundreds of dollars per container, Clerc said....
...to the continent’s biggest seaports handling tens of millions of containers each year....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...The company’s scanners are also used at Rotterdam, Europe’s largest port, for checks on containers, trucks, travellers’ luggage and parcels entering or leaving the EU....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The risks have risen as international trade in goods has increased and ships have grown larger....
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...The moves come as major container shipping companies continue to avoid the Red Sea, and following explosions on Wednesday in Kerman, south Iran, which reportedly killed more than 100 people....
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...One hit the container ship MSC Sky II on Monday, while the US warship USS Carney shot down another. It did not say what happened to the other two weapons....
...Brent crude oil, the international benchmark, settled at a two-week high of $79.23 per barrel on Tuesday, up 1.6 per cent on the day....
...According to the congressional letter, the company accounts for 80 per cent of cranes at US container terminals....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...French container shipping magnate pivots to media Rodolphe Saadé, the head of French container shipping giant CMA CGM, has long shunned the limelight at the helm of his family-owned company in Marseille...
...Ofcom considered that International Media Investments, a majority partner in the takeover vehicle’s owner, “may have the incentive to influence TMG in a way that could potentially act against the public...
...An official involved in the talks said the deal would also mean the EU had met its international commitments....
...On Tuesday, International Paper confirmed that it had made a takeover proposal for UK group DS Smith, raising the possibility of a bidding war for the company, which has already reached a deal with Mondi...
...Barrack’s comments come after Brent crude, the international benchmark, climbed above $90 per barrel last week for the first time since October, driven by fears of a widening conflict in the Middle East....
...Within China, CIMC had a 52 per cent share in container production as of June this year, Dong Fang International Containers 11 per cent and CXIC Group Containers 7 per cent, according to Drewry....
...The Copenhagen-based company’s other vessels have been travelling via the Cape of Good Hope since December....
...The line had been one of the few big international container lines still sailing through the area....
...Results: General Motors, Philip Morris International, PepsiCo, Spotify and Visa are among the companies reporting....
...These smaller Chinese lines have been serving ports such as Doraleh in Djibouti, Hodeidah in Yemen and Jeddah in Saudi Arabia, all of which have faced big falls in traffic as international container shipping...
...Companies have emphasised, however, that while painful, the jump in shipping costs is nowhere near as bad as during the pandemic, when supply chain disruptions drove them as high as $20,000 per container...
...Sheikh Mansour owns Premier League football club Manchester City, while RedBird IMI last month agreed to buy a British television production company, All3Media, for more than £1.1bn....
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