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...He added that Maersk had little visibility over the security situation around the Red Sea as it was “morphing” all the time as well as being linked to the Israeli-Palestinian conflict....
...Until recently, little was understood outside the shipping world about the extent of the dumping as it is almost impossible to monitor comprehensively....
...But, as goods travel shorter distances, that will dampen shipping demand relative to gross domestic product. This big bout of overcapacity will take longer to be absorbed. camilla.palladino@ft.com...
...That could, however, tighten by as much as 9 percentage points if the Red Sea route remains fully closed for the rest of the year, adds Damas....
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
...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...
...Nixon portrayed the issue as a short-term reflection of investments in ships that can run on cleaner fuels, ahead of new emissions rules expected from 2027....
...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....
...How long it lasts depends on when order is restored to shipping lanes....
...Emissions from container ships, car carriers and dry bulk ships diverting from the Red Sea are set to increase as much as 70 per cent as vessel operators increase speeds to compensate for the longer route...
...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....
...was before the delivery of new vessels....
...After the FT broke the news of the talks, Iran’s IRNA state news agency quoted an “informed source” as saying the discussions were limited to the lifting of US sanctions on Tehran....
...“The Red Sea shipping route is of great importance to Chinese merchant ships,” Yin said....
...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...
...News of the “Gemini Cooperation” comes as container lines grapple with disruption from terror attacks in the Red Sea that have forced them to divert nearly all services travelling though the Suez Canal to...
...“In this interim period, it looks a little chaotic,” he said, although he expected shipping lines to establish a “new, more reliable network” in “fairly short order”....
...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...
...Iranian forces seized an oil tanker off the coast of Oman as the threat to shipping in the Middle East spilled into one of the world’s most important oil export routes....
...One shipping executive — John Wobensmith, chief executive of New York-based dry bulk company Genco Shipping — said he had not had any push back from charterers on diverting his vessels....
...A spokesperson described the scene at Maghazi as a “massacre”....
...shipping attacks....
...than double the total as recently as December 21....
...Denmark’s government has fired the country’s top military official after embarrassing revelations about faulty air defences on a frigate it sent to the Red Sea to fend off Houthi attacks on commercial shipping...
...service, said an already bad situation in the Red Sea and Gulf of Aden had “got worse”....
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