Shipping 3/12

Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up

icarussmith20

Aug 4, 20222 min read

Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up

AP Moller-Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and...

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Maersk sees weaker container demand as durable goods sales dry up

icarussmith20

Aug 3, 20222 min read

Maersk sees weaker container demand as durable goods sales dry up

COPENHAGEN, Aug 3 (Reuters) - Shipping group Maersk (MAERSKb.CO) expects global container demand to fall this year as sales of durable...

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Shipping arrangements into Ukraine still not ready, Lloyd's official says

icarussmith20

Aug 2, 20223 min read

Shipping arrangements into Ukraine still not ready, Lloyd's official says

LONDON, Aug 1 (Reuters) - Key arrangements including procedures for ships still need to be worked out before empty vessels can come in...

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Clogged California ports face new labor risk from trucking

icarussmith20

Jul 19, 20222 min read

Clogged California ports face new labor risk from trucking

OAKLAND, July 18 (Reuters) - Truck drivers choked traffic at the Oakland, California, seaport on Monday protesting a state law that makes...

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icarussmith20

Jun 28, 20222 min read

American shipping law doesn’t sail

NEW YORK, June 27 (Reuters Breakingviews) - It cost $2.20 a barrel to ship gasoline from the Gulf Coast to Colombia earlier this month....

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Hackers can bring ships and planes to a grinding halt. And it could become much more common

icarussmith20

Jun 27, 20224 min read

Hackers can bring ships and planes to a grinding halt. And it could become much more common

Armed with little more than a computer, hackers are increasingly setting their sights on some of the biggest things that humans can...

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Maersk sees no let up in surging cost of shipping goods

icarussmith20

Jun 23, 20222 min read

Maersk sees no let up in surging cost of shipping goods

LONDON/DUBLIN, June 22 (Reuters) - The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of...

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Two students sue shipping giant Maersk, alleging sexual assault and harassment

icarussmith20

Jun 16, 20226 min read

Two students sue shipping giant Maersk, alleging sexual assault and harassment

(CNN)An 18-year-old US Merchant Marine Academy student who was repeatedly harassed and groped by older, male crew members during a...

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U.S. House passes ocean shipping bill to allay export backlogs

icarussmith20

Jun 14, 20222 min read

U.S. House passes ocean shipping bill to allay export backlogs

WASHINGTON, June 13 (Reuters) - The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping,...

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World's Biggest Ammonia Producer Joins Center for Zero-Carbon Shipping

icarussmith20

May 17, 20222 min read

World's Biggest Ammonia Producer Joins Center for Zero-Carbon Shipping

The world's largest producer of ammonia has signed on to the shipping industry's leading clean-fuel technology consortium, the Mærsk...

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Maersk in talks with buyers for stake as quits Russia

icarussmith20

May 4, 20222 min read

Maersk in talks with buyers for stake as quits Russia

COPENHAGEN, May 4 (Reuters) - Maersk (MAERSKb.CO) has found possible buyers for its stake in Global Ports Investments (GLPRq.L), which...

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Container shipping could rebound by late April as Covid eases in China, shipping investment firm exe

icarussmith20

Apr 20, 20222 min read

Container shipping could rebound by late April as Covid eases in China, shipping investment firm exe

The container shipping industry could see a “very strong” pickup starting late April as the Covid situation in China eases, Tim Huxley,...

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Ocean Shipping Reform Act Passed by U.S. Senate Voice Vote

icarussmith20

Apr 1, 20223 min read

Ocean Shipping Reform Act Passed by U.S. Senate Voice Vote

In a rare moment of bipartisanship in a deeply divided U.S. Congress, the Senate today passed the Ocean Shipping Reform Act with a simple...

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Maersk warns Shanghai city lockdown to boost transport costs further

icarussmith20

Mar 29, 20222 min read

Maersk warns Shanghai city lockdown to boost transport costs further

SHANGHAI, March 29 (Reuters) - Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase...

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With Inflation Surging, Biden Targets Ocean Shipping

icarussmith20

Mar 21, 20226 min read

With Inflation Surging, Biden Targets Ocean Shipping

With inflation surging at its fastest pace in 40 years, President Biden has identified a new culprit that he says is helping fuel...

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Cargo ship stuck in Maryland's Chesapeake Bay presenting Coast Guard 'logistical challenge'

icarussmith20

Mar 16, 20222 min read

Cargo ship stuck in Maryland's Chesapeake Bay presenting Coast Guard 'logistical challenge'

A loaded 1,095-foot cargo ship remained stuck Tuesday morning in Maryland's Chesapeake Bay, presenting Coast Guard officials with what...

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Shipping Giant Maersk Plans Shift to Green Fuel in Effort to Ditch Oil

icarussmith20

Mar 10, 20222 min read

Shipping Giant Maersk Plans Shift to Green Fuel in Effort to Ditch Oil

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, has partnered with six energy companies to jump-start the green...

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War in Ukraine Puts Shipping’s Recovery in Jeopardy

icarussmith20

Mar 10, 20223 min read

War in Ukraine Puts Shipping’s Recovery in Jeopardy

Russia’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced...

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Maersk explores digital slotting design solutions for warehousing

icarussmith20

Mar 7, 20222 min read

Maersk explores digital slotting design solutions for warehousing

Warehousing and Distribution operations are critical in integrated supply chains. As part of the company’s portfolio of technology...

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World's largest container lines suspend shipping to Russia

icarussmith20

Mar 2, 20222 min read

World's largest container lines suspend shipping to Russia

LONDON/COPENHAGEN, March 1 (Reuters) - The world's three biggest container lines on Tuesday temporarily suspended cargo shipments to and...

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