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Global trade
Maersk chief warns Red Sea shipping disruption may last for months
...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...
January 11, 2024
Houthi movement
The mysterious Iranian ship accused of lining up the next Houthi targets
...The fatalities were the first since the Houthis began attacking commercial shipping in November in response to Israel’s offensive in Gaza....
March 9, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
LexContainer shipping
No one will win in container shipping’s game of chicken Premium content
...That seems to be the strategy adopted by big container shipping companies....
April 16, 2024
US-Iran tensions
US held secret talks with Iran over Red Sea attacks
...The group has launched 99 attacks in the Red Sea and surrounding waters — affecting 15 commercial ships, including four American vessels — since October....
March 14, 2024
News updates from January 2: Drone strike kills senior Hamas leader, Tesla overtaken as biggest EV maker
Oil jumps on concerns over Houthi attacks on Red Sea shipping
...Oil prices jumped on Tuesday on mounting concerns over Houthi rebel attacks on commercial vessels in the Red Sea, one of the world’s most important trade corridors....
January 2, 2024
Lex PopuliPersonal Finance
Shipping blues get a hand from Red Sea disruption
...Open seas and giant container ships have made globalisation and the wealth it creates possible....
January 5, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
International Maritime Organisation
Pirates targeting ships diverted from Red Sea, warns UN shipping chief
...Dominguez also expressed admiration for how the shipping industry had coped with the security crisis around the Red Sea. “Shipping continues to be resilient,” he said....
February 22, 2024
News updates from January 3: US job openings fall to 32-month low, Blasts kill about 100 in Iran
US and 11 other countries condemn Houthi attacks on Red Sea shipping
...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....
January 3, 2024
LexContainer shipping
Boost from Red Sea disruption will only carry shipping lines so far Premium content
...How long it lasts depends on when order is restored to shipping lanes....
January 4, 2024
CMA CGM SA
CMA CGM hit by scheduling chaos as attacks disrupt Red Sea shipping
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
January 19, 2024
CMA CGM SA
Red Sea crisis causes surge in container ship costs, warns CMA CGM
...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...
February 23, 2024
News updates from December 22: UK economy shrinks in Q3, Fed’s preferred measure of inflation falls
US says Iran ‘deeply involved’ in Houthi Red Sea shipping attacks
...The US has said Iran has been “deeply involved” in planning Houthi attacks on commercial vessels transiting the Red Sea and warned Tehran of a possible response amid the increased threat to shipping through...
December 22, 2023
Shipping
Ships diverted from Red Sea pump out more emissions in bid to speed up
...Shipping analysts at Sea Intelligence said that shipping line customers were “caught between a rock and a hard place” by the operators’ decisions to increase vessel speeds....
February 11, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
AP Møller-Maersk chief warns it may take months to reopen Red Sea shipping route
...The boss of shipping giant AP Møller-Maersk warned that it could take months to reopen the crucial Red Sea route to trade, risking an economic and inflationary hit to the global economy, companies, and consumers...
January 11, 2024
Michelle Wiese Bockmann
The Houthis are borrowing from the Iranian playbook in the Red Sea
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
January 11, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Shipping
Bulk commodities vessel owners face pressure to travel through Red Sea
...Figures from Clarksons, the London-based shipping services company, show that in the week to January 28 average daily arrivals of dry bulk vessels around the mouth of the Red Sea were down by 45 per cent...
January 30, 2024
Container shipping
Container lines ‘struggling’ with port congestion and ship shortages
...Container shipping lines are struggling to cope with congested ports and shortages of ships as the crisis in the Red Sea drags into a third month, one of the sector’s most senior executives has warned....
February 20, 2024
Shipping
Red Sea reroutings to further disrupt car supply chains, warn shipping executives
...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....
January 23, 2024
Houthi movement
US officials say Houthi bombing campaign hindered by intel gaps
...shipping attacks....
March 4, 2024
Israel-Hamas war
Maersk to resume Red Sea shipping under US-led naval coalition
...On Saturday, a tanker operating about 200 nautical miles from the coast of India was attacked by a drone, the first incident targeting a vessel far beyond the Red Sea....
December 25, 2023
Container shipping
Red Sea security fears cut container shipments through Suez Canal
...Shipping lines have increasingly been deserting Red Sea and Suez Canal routes since late November....
January 10, 2024
Letter
Letter: Shipping lives with arcane world of geopolitics
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
January 18, 2024
AP Møller-Maersk AS
Maersk shares drop after it warns on shipping outlook and suspends buybacks
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
February 8, 2024
News updates from December 15: Rudy Giuliani ordered to pay $148mn to 2020 election workers, Israel mistakenly kills three hostages in Gaza
Leading shipping companies move to halt journeys through Red Sea
...Some of the world’s biggest shipping companies have halted journeys through the Red Sea because of the threat of attack by Yemeni rebels, in moves that could disrupt trade through the Suez Canal....
December 15, 2023
Container shipping
‘Opportunistic’ Chinese lines send ships to serve Red Sea ports
...Chinese lines’ move to the Red Sea comes after most big container shipping lines — including China’s Cosco, operator of the industry’s fourth-biggest fleet — abandoned the southern Red Sea because of the...
January 25, 2024

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