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...The containers will first appear this year in Austria, the Netherlands, the UK and Germany, and then other countries in Europe by 2025....
...Oil prices jumped more than 2 per cent on Wednesday as the threat of Houthi rebel attacks on container ships in the Red Sea continued to roil commodity markets....
...Ben May, director of global macro research at consultants Oxford Economics, said that based on IMF research the recent rise in shipping costs could add about 0.6 percentage points to global inflation if...
...Suselya Yolcu has worked hard to rebuild her life since the devastating February 6 earthquake, from sleeping in her car to now selling Turkish delight in a kaleidoscope of colours at a makeshift market in...
...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....
...Of the six other Chinese ports in Drewry’s top 10, five reported a rise in container throughput last year. Shenzhen remained flat with a slight 0.5 per cent drop to an annual 29.9mn TEUs....
...Hapag-Lloyd operates 6.9 per cent of global container ship capacity, according to figures from Alphaliner, an information service....
...France’s CMA CGM, operator of the world’s third-largest container ship fleet, on Monday increased its offer for Wincanton by 6.7 per cent to 480p after Wincanton said it had received a “potential competing...
...The IMF calculates that the cost of transporting a container from China to the Mediterranean Sea has quadrupled from $1,000 to $4,000 since the start of the Gaza war....
...The large, sheer sides of these container ships can also make them more vulnerable to high winds....
...Sales at Primark, the FTSE 100’s jewel in the crown, rose 6 per cent to £4.5bn, while adjusted operating profit jumped 45 per cent to £508mn, in spite of continued “cost of living pressures”....
...However, the challenges for car-carrier operators are fundamentally different from those for container lines because there was a global excess of container ships before the latest crisis....
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
...Benchmark wheat prices rose 1.4 per cent to $6.06 a bushel on Wednesday over the heightened risk to Ukrainian grain exports....
...The spot price is now down below €30 again, with shipments of future natural gas for Europe on offer next winter at €34.6 a MWh....
...was one of the most incisive analysts of the snarl-ups in container traffic back in 2021-22....
...Net of scrappage, the global fleet might grow by 6.4 per cent in 2024, thinks consultancy Drewry....
...This had the effect of pushing up rates in container markets that have been under pressure from the amount of new supply entering the market....
...Figures from Container Trades Statistics, analysed by Xeneta, show the number of 20ft containers shipped from China to Mexico hit 881,000 in the first three quarters of 2023, the most recent period for which...
...Maersk estimated global container demand fell by 4-6.5 per cent in the second quarter compared with a year earlier as companies worked through existing inventories, an economic slowdown in China and recession...
...Clerc said that, as part of the staff reduction, Maersk had already let 6,500 workers go, with “all offices” globally affected by its cost-cutting measures....
...Tesla recently had to suspend production for about two weeks because the disruption to container traffic caused by Houthi missile attacks on shipping in the Red Sea deprived it of crucial parts....
...The Houthis have only launched a handful of serious attacks since January 6, with most missiles failing to hit their targets....
...Outdoors, ever more of us now grow vegetables in casual containers, whether buckets or old metal dustbins, or in raised rectangular beds, held in at all four sides by wooden planks up to 9in high and 2in...
...She said the ECB was “in the process of winning the battle” against inflation, which has fallen from a eurozone record of 10.6 per cent in October 2022 to 2.9 per cent last month, but remains above the central...
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