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Global trade
Maersk chief warns Red Sea shipping disruption may last for months
...Vincent Clerc, Maersk’s chief executive, told the Financial Times on Thursday that the closure of the Red Sea to most container shipping after a series of attacks from Yemen’s Houthi militants was “brutal...
January 11, 2024
Shipping
Shipowners press UK to diverge from EU on antitrust rules
...on container carriers....
November 6, 2023
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Supply chains
Mediterranean ports warn of overflowing storage yards in latest threat to supply chain
...Most large container shipping lines operating on the Asia-Europe route redirected traffic via the Cape of Good Hope, instead of the Suez Canal, following attacks by Iranian-backed Houthis....
April 23, 2024
CMA CGM SA
Red Sea crisis causes surge in container ship costs, warns CMA CGM
...An extra 8 per cent in container shipping capacity was likely to come online in 2024, similar to last year’s levels, the company said....
February 23, 2024
Container shipping
Container lines ‘struggling’ with port congestion and ship shortages
...weekly services....
February 20, 2024
Container shipping
Red Sea security fears cut container shipments through Suez Canal
...The research, by the London-based shipping services company Clarksons, also showed that the number of container ships diverting from the Red Sea to travel round the Cape of Good Hope on January 9 was more...
January 10, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Wincanton PLC
CMA CGM abandons bidding for UK logistics specialist Wincanton
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
March 5, 2024
Middle East conflict
Iran seizes Israel-linked container vessel
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
April 13, 2024
Container shipping
Hapag-Lloyd Maersk deal signals shake-up in global shipping alliances
...Container shipping alliances offer customers a wider range of destinations and services because lines share space on each other’s ships....
January 17, 2024
Shipping
Ships diverted from Red Sea pump out more emissions in bid to speed up
...Maersk, operator of the world’s second-biggest container ship fleet, said it had “suspended” slow-steaming on some services to catch up on “some of the delay” from sailing around the Cape of Good Hope....
February 11, 2024
Hong Kong economy
Hong Kong’s port loses ground as exporters pivot to mainland China
...“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....
April 1, 2024
Lex PopuliPersonal Finance
Shipping blues get a hand from Red Sea disruption
...Open seas and giant container ships have made globalisation and the wealth it creates possible....
January 5, 2024
Supply chains
European manufacturers and retailers face ‘chaotic’ period after Red Sea attacks
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
January 21, 2024
Shipping
Red Sea reroutings to further disrupt car supply chains, warn shipping executives
...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....
January 23, 2024
Israel-Hamas war
Container ships abandon Red Sea as allies scramble to fend off attacks
...AP Møller-Maersk, which operates the world’s second-largest container shipping fleet, became the latest to reroute its vessels around Africa via the Cape of Good Hope because of the “highly escalated security...
December 19, 2023
FT Live
Commodities Asia Summit
Enabling decarbonisation in a time of disrupted trade flows
Wednesday, 6 NovemberSingapore
European companies
Hapag-Lloyd hit by downward spiral in freight rates
...Spot rates for shipping containers were at that point above $20,000 a 40ft container....
November 9, 2023
Wincanton PLC
Bidding war for Wincanton drives up UK logistics group shares
...The sector has consolidated in recent years, partly because container shipping lines have sought to use the profits they made during the pandemic to buy logistics businesses and expand the scope of their...
February 29, 2024
Container shipping
‘Opportunistic’ Chinese lines send ships to serve Red Sea ports
...Figures from Clarksons, the shipping services company, show that arrivals of container ships in mid-January near the mouth of the Red Sea were 90 per cent down on the average for the first half of December...
January 25, 2024
Rail
Russia’s rail boosted by demand to move goods to Europe after Red Sea attacks
...Logistics companies have looked anew at routes through Russia following the decision of most large container shipping lines to divert Asia to Europe sailings that would normally go through the Suez Canal...
March 10, 2024
Shipping
CMA CGM and Air France-KLM abandon air cargo alliance
...Recent Houthi attacks on container ships in the Red Sea have begun to push up air freight rates and shown fresh pockets of demand for such services....
January 16, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Denmark’s Maersk, the world’s second-biggest container shipping line, confirmed that it had chartered Dali....
March 27, 2024
News in-depthShipping
Surge in maritime violence boosts demand for private security forces
...“We only provide that service to a very select clientele now,” Johnson said of the armed guards....
April 21, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...its services “for the foreseeable future”....
March 28, 2024
Houthi movement
US launches fresh strikes on Houthis as Red Sea trade disruption spreads
...Figures from Clarksons, the London-based shipping services company, suggested that more classes of ships were beginning to divert: between January 13 and 15, arrivals of dry bulk carriers in the Gulf of...
January 16, 2024
Shipping
Bulk commodities vessel owners face pressure to travel through Red Sea
...Figures from Clarksons, the London-based shipping services company, show that in the week to January 28 average daily arrivals of dry bulk vessels around the mouth of the Red Sea were down by 45 per cent...
January 30, 2024

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