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...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...
...The cargo was identified by Kpler as coming from Rosneft, Moscow’s state-owned oil champion and Russia’s largest producer....
...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....
...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....
...long as possible....
...That means earnings for shipping companies and their shareholders also have a tendency for exaggerated cyclicality....
...“They don’t have the scale to continue as they were.”...
...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...
...How long it lasts depends on when order is restored to shipping lanes....
...the volatility of container shipping and build a media business....
...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...
...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...
...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....
...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....
...There was, as he warned at the start, a lot of mathematics. The focus of Nvidia’s GTC (as in GPU Technology Conference) was the unveiling of the next generation of AI chips....
...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....
...On February 19, the US-owned Sea Champion was struck in a missile attack while delivering humanitarian aid....
...“It is always inevitable that Hong Kong would contract as a port,” said Tim Huxley, chair of Hong Kong-based shipping investment company Mandarin Shipping. “Manufacturing moved elsewhere....
...His company estimated that of all shipping segments only container shipping was suffering bigger upheaval as a result of the problems in the Red Sea....
...performing reigning world champion since 1886....
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