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...Maersk is a bellwether of global trade, carrying about a fifth of ocean freight....
...Announcing the passing of the Ocean Shipping Reform Act, President Joe Biden drew attention to the “nine foreign-owned” businesses that dominate shipping and promised to “crack down on ocean carriers whose...
...The images are taken every six to 12 days and do not cover the entirety of the world’s oceans....
...The Behshad is registered as an ordinary dry bulk carrier, and outwardly looks like any of the thousands of such vessels that ply the oceans....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said alliances were vital for shipping lines and their customers....
...This has sent vessels into waters in the Indian Ocean and off West Africa that generally attract less traffic....
...Jeremy Nixon, chief executive of Japan’s Ocean Network Express, said many shipping lines were facing scheduling problems....
...The Ruen, owned by Bulgarian shipping company Navibulgar, had been seized by pirates in December....
...Dominated by a few huge companies like Switzerland’s MSC and Denmark’s Maersk, container lines operate like a regular conveyor belt across the oceans....
...freight shipping rates,” said Emily Stausbøll, market analyst at Xeneta, a shipping data firm....
...A chemical tanker operating in the Indian Ocean has been attacked by a drone launched from Iran, according to the US military, expanding the threat faced by international merchant shipping....
...One night in 1889, the Phaeton caught fire and drifted across the lagoon of a remote Indian Ocean atoll....
...The oceans face further pressure as other industrial activities in the sea increase, according to the study....
...She is concerned with the waters beyond national borders that make up most of the world’s oceans....
...The channel between the Pacific and Atlantic Ocean is operating at only 55 per cent of its normal capacity, according to Capital Economics....
...These days the real chokepoints of globalisation are more varied in function and location, from the ocean floor to space orbit, and their resilience more uncertain....
...The commission’s decision has been resisted by the shipping industry, which also faces growing pressure in the US, where President Joe Biden last year promised to “crack down on ocean carriers whose price...
...Theories for the unexpected warming range from a rise in solar activity ahead of a predicted solar maximum to new rules on cleaner shipping fuel that aim to cut sulphur emissions....
...The launch of Hoa Phat’s factory followed plans announced by South Korea’s state-owned Korea Ocean Business Corporation to boost production at another container factory in Vietnam, which opened last year...
...The number of cars shipped across the oceans is expected to have risen 17 per cent in 2023 to a record high of 23.4mn, beating the previous record set in 2018, according to shipping agent Clarksons....
...The survey reported that rising ocean freight rates contributed to the cost burden for factories, with these rising at the fastest pace since March 2023....
...The canal authority said October was the driest in the region since 1950, partly fuelled by the El Niño phenomenon, which warms the Pacific Ocean and affects temperature and rainfall around the world....
...The current hostilities also underline the risks of leaving the policing of ocean trade to a single superpower....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...There have been some concerns that the shipping disruption could raise inflation....
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