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...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...
...The huge wing sitting in a corner of the Scottish port of Hunterston does not look like part of a ship — but the 20m-long device could be one of the shipping industry’s weapons to fight carbon emissions....
...The shipping industry seems set for cyclical pain. On top of that, it faces a structural headwind....
...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....
...a slowdown in vehicle sales....
...Newcastle United football club director Amanda Staveley faces paying a Greek shipping magnate almost £3.5mn after losing a legal bid to prevent him from pursuing bankruptcy proceedings against her....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
...That means earnings for shipping companies and their shareholders also have a tendency for exaggerated cyclicality....
...Two of the world’s biggest container shipping lines have announced a new partnership, in a major reshaping of the industry’s commercial relationships....
...production in Europe because of a shortage of parts....
...Dominguez welcomed the establishment, announced on February 19, of Operation Aspides, a new unit of the EU’s EUNavfor naval task force to protect commercial shipping off Yemen....
...A reprieve will be welcomed by shareholders. How long it lasts depends on when order is restored to shipping lanes....
...Shipping magnate Rodolphe Saadé is expanding his media holdings in France by buying news channel BFM TV and RMC radio station from fellow billionaire Patrick Drahi....
...The abandonment of the bid is a setback for CMA CGM’s efforts to develop a stronger logistics function to complement its core shipping business....
...Shipping analysts at Sea Intelligence said that shipping line customers were “caught between a rock and a hard place” by the operators’ decisions to increase vessel speeds....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...rates,” said Emily Stausbøll, market analyst at Xeneta, a shipping data firm....
...Brent crude, the international oil benchmark, rose 2.3 per cent to $78.80 a barrel. WTI, the US equivalent, also rose 2.3 per cent to $73.27 a barrel....
...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....
...The US and 11 other countries condemned attacks by Houthi rebels on commercial shipping in the Red Sea and warned the militant group of potentially severe consequences if their attacks continued....
...“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....
...tycoon who has been a leading figure in the shipping industry for about two decades....
...The Red Sea crisis has caused a surge in costs for container shipping companies, France’s CMA CGM has warned, as it flagged a volatile and unpredictable year ahead after sliding into a fourth-quarter loss...
...As is noted in Sanna Nyqvist’s essay “Poetics of the Shipping Forecast”, the science of cartography is also a means by which to navigate and reflect upon ourselves....
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