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...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...
...The best way to win a game of chicken is to project fearlessness, unpredictability and a large dose of foolhardiness. That seems to be the strategy adopted by big container shipping companies....
...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....
...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....
...Brussels has launched a subsidy investigation into Chinese wind turbine companies as it steps up efforts to protect its domestic industry from cheap competition....
...However, Judge Schaffer in the Insolvency and Companies List, part of the High Court, found against Staveley on a series of grounds....
...rates,” said Emily Stausbøll, market analyst at Xeneta, a shipping data firm....
...“Some of the competitors in [the] Greater Bay Area continue to receive government incentives, hence able to offer attractive lower price option[s] to shipping lines,” the company added....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...Natural resources (sun, wind, hydropower) and other assets (storage, distribution, shipping) that support the green hydrogen economy are unevenly distributed around the globe....
...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....
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
...Officials are concerned that any threats could leave a region already vulnerable to energy supply shocks more exposed, particularly as governments push to expand offshore wind farms in the North and Baltic...
...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...
...The Dassault family, which owns a major defence company, holds Le Figaro newspaper....
...However, the group was working with a salvage company to have the ship towed to Djibouti....
...A reprieve will be welcomed by shareholders. How long it lasts depends on when order is restored to shipping lanes....
...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 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...
...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....
...Whether the turbines will be US-made is still uncertain: the company last year said it was taking a “wait-and-see” approach for plans to build a US factory because of a lack of market certainty....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...The congressional letter gave the company until March 14 to provide a formal response....
...On a long-term view, some of the FTSE 100’s less glamorous members, companies such as Compass, Intertek, Relx, Experian and Diploma as well as Bunzl and Howdens, have performed far better than the household...
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