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...“There is no point keeping someone if we know quickly that it won’t work,” he told the Financial Times. Saadé conceded he was not averse to courting fear....
...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...
...“After that, the energy harvested from wind is free at the point of use,” she added....
...That seems to be the strategy adopted by big container shipping companies....
...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....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...However, Judge Schaffer in the Insolvency and Companies List, part of the High Court, found against Staveley on a series of grounds....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...That means earnings for shipping companies and their shareholders also have a tendency for exaggerated cyclicality....
...rates,” said Emily Stausbøll, market analyst at Xeneta, a shipping data firm....
...How long it lasts depends on when order is restored to shipping lanes....
...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....
...According to figures from Clarksons, a shipping services company, container ship arrivals in recent days at the mouth of the Red Sea are 90 per cent down on levels in early December last year....
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
...The company, also focused on Ireland, has clients including Ikea and Asda....
...The Dassault family, which owns a major defence company, holds Le Figaro newspaper....
...Many shipping companies have since December diverted sailings away from the Red Sea and Suez Canal to routes to avoid attacks by Yemen’s Houthi rebels....
...“Accelerated computing and generative AI have hit the tipping point,” said Nvidia founder and chief executive Jensen Huang. “Demand is surging worldwide across companies, industries and nations.”...
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
...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....
...The speed increases follow nearly a decade of “slow steaming” by most shipping companies in a bid to economise on fuel use and minimise their carbon emissions....
...An extra 8 per cent in container shipping capacity was likely to come online in 2024, similar to last year’s levels, the company said....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...But, like others in the sector, Gahagan was sceptical that shipping companies would continue to pay for security advice once the current, immediate threats went away....
...“Maersk and other shipping companies will now be thinking in months and quarters rather than days and weeks.”...
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