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...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
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...The MSC Orion, owned by Geneva-based Mediterranean Shipping Company (MSC), operator of the world’s biggest container ship fleet, was hit by a drone between 300 and 400 nautical miles south-east of the Horn...
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...Denmark’s Ultrabulk, another big shipping company, and Drax, the UK power generator, are also collaborating on the project....
...There was also extra pressure on crucial “hub” ports, Nixon said: “What we see is increased volumes into the hub ports in Asia and the hub ports in the Mediterranean.”...
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
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...As the chief executive and founder of a wind-as-a-service shipping technology business that secured funding from Scottish Enterprise, the Japanese shipping company MOL Drybulk alongside UK and international...
...However, Judge Schaffer in the Insolvency and Companies List, part of the High Court, found against Staveley on a series of grounds....
...Car-carrier companies operate a total of 776 ships for cars, trucks and other roll-on, roll-off cargo such as agricultural machinery....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...Mediterranean Shipping Company, the world’s biggest container line, and Maersk, the market number two, have also expanded their logistics operations in recent years, both through organic growth and acquisition...
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...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...
...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....
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...“There’s so much shipping capacity coming on stream that in the long run the increase in rates evens out,” says Ryan Petersen, chief executive of the freight forwarding and logistics company Flexport....
...The company, also focused on Ireland, has clients including Ikea and Asda....
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