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Global trade
Maersk chief warns Red Sea shipping disruption may last for months
...“We are urging the international community to mobilise and do what it needs to do to reopen the [Bab-el-Mandeb] strait....
January 11, 2024
Pollution
Climate graphic of the week: World’s worst hotspot for oil pollution by ships
...For 40 of the slicks tracked in south-east Asia, SkyTruth identified a registration number for the most likely responsible vessel....
March 23, 2024
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
News in-depthEU-China relations
Europe turns on China’s Nuctech after decade of awarding security contracts
...Airports Council International Europe said Nuctech scanners were “legitimately procured in the course of official tenders on the basis of their certification” by EU and UK authorities....
April 25, 2024
War in Ukraine
Russian ‘dark fleet’ lacks disaster insurance, leaks suggest
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
March 15, 2024
Middle East conflict
Iran seizes Israel-linked container vessel
...Guy Platten, secretary-general of industry lobby group the International Chamber of Shipping, called the seizure of the MSC Aries a “flagrant breach of international law and an assault on freedom of navigation...
April 13, 2024
US-China relations
China’s ZPMC insists its US cranes present ‘no cyber security risk’
...But the company’s statement insisted its cranes were “designed, manufactured, transported, assembled, commissioned and delivered” strictly in accordance with international standards....
March 11, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
Shipping
India’s navy frees ship hijacked by Somali pirates
...The head of the UN’s International Maritime Organization last month told the Financial Times that shipping companies needed to bolster security when transiting waters off Somalia to prevent a return of widescale...
March 17, 2024
Container shipping
‘Opportunistic’ Chinese lines send ships to serve Red Sea ports
...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...
January 25, 2024
Houthi movement
US launches fresh strikes on Houthis as Red Sea trade disruption spreads
...Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said on Tuesday that the escalating attacks in the Red Sea had changed “how we view the international trade, how we view international shipping...
January 16, 2024
US-China trade dispute
China circumvents US tariffs by shipping more goods via Mexico
...China is shipping more goods to the US via Mexico, circumventing steep tariffs imposed by the Trump administration and retained by Joe Biden’s White House, according to a Financial Times analysis of trade...
February 21, 2024
Shipping
US and UK step up pressure on Houthi rebels to deter Red Sea shipping attacks
...Shapps said the assaults on shipping had forced 12 international companies, including energy group BP and Maersk, to suspend passage through the Red Sea, and caused insurance costs to increase 10-fold since...
January 1, 2024
Chinese foreign policy
China pushes for safety of Red Sea shipping as threat to its economy grows
...“The Red Sea shipping route is of great importance to Chinese merchant ships,” Yin said....
January 19, 2024
News in-depthShipping
Surge in maritime violence boosts demand for private security forces
...Jakob Larsen, head of safety and security for Bimco, a large international association of shipowners, said the search for security advice reflected how the shipping industry was “very worried” about the...
April 21, 2024
Shipping
Ships shun Red Sea and Suez Canal despite reduced Houthi menace
...They have instead been using the much longer and more expensive route between Europe and Asia via the Cape of Good Hope....
February 12, 2024
Container shipping
Shipping industry steers container production away from China
...Beyond Vietnam, container manufacturers had also recently been setting up in India, said Joyce Tai, Asia Pacific managing director at Freightos....
November 2, 2023
FT Live
Moral Money Summit Asia
Strategies for greener, fairer capitalism
Wednesday, 4 SeptemberSingapore
Middle East
US cracks down on money flow to Iran-backed Houthis
...“Today’s action underscores our resolve to restrict the illicit flow of funds to the Houthis, who continue to conduct dangerous attacks on international shipping and risk further destabilising the region...
December 28, 2023
Israel-Hamas war
Shipping companies avoid Red Sea after Houthi attacks
...“All eyes now will be on other shipping firms to see if they follow suit.” Oil prices were little changed on Friday, with the international benchmark Brent crude up 0.3 per cent at $76.84 a barrel....
December 15, 2023
Yemen
Houthi rebels defy US warning with new Red Sea explosion
...“These Houthi attacks are for sure destabilising and contrary to international law, and clearly as has been articulated by many, must stop immediately,” Cooper said....
January 4, 2024
Iran
US says Iran ‘deeply involved’ in Houthi Red Sea shipping attacks
...“We are engaging in intensive consultations with partners and allies over response options since this is an important issue for the international community,” Watson said on Friday....
December 22, 2023
The Big Read
Shipbuilding: the new battleground in the US-China trade war
...The case also has major international stakes. Missile attacks in the Red Sea and worries over Taiwanese sovereignty have brought the importance of naval power back into the global discussion....
March 12, 2024
Disrupted Times
From TikTok to shipbuilding: new fronts in US-China trade tussle
...China doubled production capacity last year and now makes three times more panels than global demand, according to the International Energy Agency and Wood Mackenzie....
March 13, 2024
Israel-Hamas war
Container ships abandon Red Sea as allies scramble to fend off attacks
...Maersk’s decision coincides with similar moves by other shipping groups....
December 19, 2023
Supply chains
Global pre-Christmas trade at risk from twin canal crises
...More than half of the container shipping by volume scheduled to link Asia and North America was set to cross either the Panama or Suez canals during the third quarter of this year, according to trade analysis...
December 8, 2023
The FT ViewThe editorial board
Global trade shudders over blockages in the Suez and Panama canals
...Many shipping companies have responded by postponing journeys through the region — a crucial passage between Asia and Europe....
December 20, 2023
Israel-Hamas war
US and UK carry out strikes against Houthi rebels in Yemen
...US Central Command said this was the 27th attack by the Houthis on international shipping in the past two months....
January 12, 2024

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