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...More than 80 per cent of the world’s container shipping capacity is controlled by nine companies, including China’s Cosco and Switzerland’s Mediterranean Shipping Company, according to data provider Alphaliner...
...The boss of shipping giant AP Møller-Maersk has warned it could take months to reopen the crucial Red Sea trading route, risking an economic and inflationary hit to the global economy, companies and consumers...
...The best way to win a game of chicken is to project fearlessness, unpredictability and a large dose of foolhardiness. That seems to be the strategy adopted by big container shipping companies....
...Maersk, operator of the second-biggest container ship fleet, announced last year that from January 2025 it would end its 2M alliance with Mediterranean Shipping Company, the world’s biggest container line...
...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....
...“I’m not so much of the view that there’s a huge oversupply in the container shipping industry,” Nixon said....
...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...
...However, Judge Schaffer in the Insolvency and Companies List, part of the High Court, found against Staveley on a series of grounds....
...“Some of the competitors in [the] Greater Bay Area continue to receive government incentives, hence able to offer attractive lower price option[s] to shipping lines,” the company added....
...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...
...It trades at a 45 per cent discount to the S&P 500 on forward earnings, partly because of its lack of large tech companies....
...This article has been updated since first publication to reflect a statement from Transfar Shipping...
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...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....
...“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....
...Maersk has ordered substantially less ships than rivals such as industry leader Mediterranean Shipping Company, as it funnelled its earnings into warehousing, planes and broader logistics services....
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
...Although QatarEnergy has yet to issue a formal statement as to the rerouting of its fleet, sources say the company is seeking out security advice on passage (“Cargo ship hit by missile in Red Sea after new...
...The Dassault family, which owns a major defence company, holds Le Figaro newspaper....
...However, the group was working with a salvage company to have the ship towed to Djibouti....
...A reprieve will be welcomed by shareholders. How long it lasts depends on when order is restored to shipping lanes....
...The announcement this year that the world’s two largest container shipping groups, Mediterranean Shipping Company and AP Møller-Maersk, had decided to end their vessel-sharing alliance had prompted speculation...
...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....
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