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...The warning comes as the European Commission will on Wednesday propose more co-ordination among European ports, governments and private companies by setting up a “European Ports Alliance”, according to a...
...The cruise industry is now lobbying for a special amendment to the formula for passenger ships, which would calculate carbon intensity by analysing the mass of CO₂ emitted relative to the size of the ship...
...Flights departing from Europe emitted a total 164.5 megatonnes of CO₂ in 2023, T&E said, up 11 per cent on the previous year but still 12 per cent below 2019’s peak....
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...Lloyd’s List, the shipping news and analysis company, has estimated that if the EU carbon price remains between €80 to €90 per tonne of CO₂, total tax revenues from the coverage of shipping by the ETS could...
...“A constrained regulatory environment on some important markets did not allow us to co-operate in an optimal fashion,” the companies said....
...Dominated by a few huge companies like Switzerland’s MSC and Denmark’s Maersk, container lines operate like a regular conveyor belt across the oceans....
...Mediterranean Shipping Company and AP Møller-Maersk were always unlikely bedfellows....
...The writer is principal analyst at Lloyd’s List Intelligence A European naval officer recalled at a Hamburg shipping conference in 2012 how the Somali pirates captured by his warship were so malnourished...
...Several of the world’s biggest shipping companies, including MSC, Hapag-Lloyd and Maersk, have also paused travel through the Red Sea due to security risks....
...In the latest attack, on Monday, the Houthis fired two missiles at the MSC Sky II, a container ship operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...Indeed, given the market share dominance of shipping giants such as MSC, Maersk and CMA CGM, regulators hoped that the ability to club together might help the small fry compete....
...While the decision does not in itself end co-operation between shipping groups, it has the potential to upend the business of global trade, which has become increasingly dominated by a handful of container...
...With just 40mn outbound trips in the first half of 2023, Chinese tourism has yet to rebound to near the level of 2019’s 155mn trips....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...During the boom, Maersk was dethroned as the world’s largest container line by Mediterranean Shipping Company as the two companies have pursued widely different strategies....
...MSC Mediterranean Shipping Company and Maersk, the number one and two in the container shipping industry by volumes, said on Wednesday that they had agreed not to renew their alliance in 2025....
...AP Møller-Maersk, the world’s second-largest container shipping company, may be regretting the decision in 2015 to embrace its once smaller rival Mediterranean Shipping Company in a vessel-sharing alliance...
...MSC Mediterranean Shipping Company and Maersk, the number one and two in the container shipping industry by volumes respectively, agreed on Wednesday to terminate their 2M alliance in January 2025....
...“Girls who experienced [2012’s Superstorm] Sandy in utero saw a 20-fold increase in anxiety and a 30-fold increase in depression,” Aldern writes. “Boys saw a 60-fold increased risk of ADHD.”...
...If such a carbon levy was introduced, it would affect container shipping giants such as Switzerland’s MSC Mediterranean Shipping Company, Denmark’s AP Møller-Maersk, France’s CMA-CGM and their customers....
...The move against Russian metals follows the G7’s campaign to curb Moscow’s revenues from crude and petroleum exports, including through a price cap on seaborne oil trades involving western shipping servicers...
...The fallout has also affected Spirit AeroSystems, a major Boeing supplier that installs the MAX 9’s “door plug” (ie the unused emergency door)....
...AP Møller-Maersk and MSC Mediterranean Shipping Company have also been hit by the steep drop in freight rates over the last six months....
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