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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 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...
...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...
...Two of the world’s biggest container shipping lines have announced a new partnership, in a major reshaping of the industry’s commercial relationships....
...“I’m not so much of the view that there’s a huge oversupply in the container shipping industry,” Nixon said....
...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....
...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...
...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...
...moment when the defence of shipping routes has become more crucial....
...Mediterranean Shipping Company, operator of the world’s largest container ship fleet, has warned customers it will be “several months” before port operations return to normal and will omit Baltimore from...
...This article has been updated since first publication to reflect a statement from Transfar Shipping...
...Oh, and the Red Sea and Suez Canal aren’t the only pain points for container shipping! A severe drought in the Panama Canal also delayed shipping and raised freight costs late last year....
...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....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...“A constrained regulatory environment on some important markets did not allow us to co-operate in an optimal fashion,” the companies said....
...It’s always seemed one of the more yawning ironies that a nightly radio dispatch designed to protect sailors from the most treacherous stretches of water should have been co-opted by half of its audience...
...The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices...
...At the time when she and Machin were appointed co-CEOs, Nick Bubb, an independent retail analyst, described the move to appoint co-chief executives “not just a fudge, but an M&S fudge”....
...In the second phase of the deal, Egypt would co-ordinate talks between Palestinian factions to create a single government over Gaza and the West Bank, a total ceasefire and the completion of the hostage...
...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...
...But for F1, the Red Bull drama is a major, unwanted distraction. The head of F1’s governing body told the FT last week it was “damaging the sport”....
...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....
...Mediterranean Shipping Company and AP Møller-Maersk were always unlikely bedfellows....
...The Houthi rebels, who have controlled large parts of Yemen since 2014, have threatened to target any vessels heading to Israeli ports, according to S&P Global Commodity Insights....
...The PMI data showed that delivery times for eurozone manufacturers declined despite shipping disruption caused by the crisis in the Red Sea as weaker demand “took pressure off supply chains”, S&P said....
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