Shipping 4/12

Container lines suspend shipments to Russia, Maersk considering

icarussmith20

Mar 1, 20222 min read

Container lines suspend shipments to Russia, Maersk considering

LONDON/COPENHAGEN, Feb 28 (Reuters) - Container shipping company Ocean Network Express (ONE) on Monday suspended bookings to and from...

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Maersk halts seaborne shipping to Ukraine until end of Feb

icarussmith20

Feb 25, 20221 min read

Maersk halts seaborne shipping to Ukraine until end of Feb

COPENHAGEN, Feb 24 (Reuters) - Shipping group Maersk said on Thursday it has halted all port calls in Ukraine until the end of February...

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Abandoned burning ship ‘had $400m cargo of luxury cars’

icarussmith20

Feb 22, 20222 min read

Abandoned burning ship ‘had $400m cargo of luxury cars’

An abandoned ship that caught fire in the mid-Atlantic last week was carrying $401m (£295m) worth of cars, including Porsche, Audi,...

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Maersk board nominates family heir as new chairman

icarussmith20

Feb 15, 20221 min read

Maersk board nominates family heir as new chairman

COPENHAGEN, Feb 15 (Reuters) - A.P. Moller-Maersk's (MAERSKb.CO) board said on Tuesday it has nominated family heir Robert Maersk Uggla...

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Top European shippers warn freight costs to stay high

icarussmith20

Feb 9, 20222 min read

Top European shippers warn freight costs to stay high

COPENHAGEN, Feb 9 (Reuters) - Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year,...

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Maersk container ship runs aground off German island

icarussmith20

Feb 3, 20221 min read

Maersk container ship runs aground off German island

BERLIN, Feb 3 (Reuters) - Container ship Mumbai Maersk (MAERSKb.CO) has run aground off the German island of Wangerooge in the North Sea,...

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World's first hydrogen tanker to ship test cargo to Japan from Australia

icarussmith20

Jan 21, 20222 min read

World's first hydrogen tanker to ship test cargo to Japan from Australia

MELBOURNE, Jan 21 (Reuters) - A Japanese-Australian venture producing hydrogen from brown coal is set to start loading its maiden cargo...

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Maersk speeds up decarbonisation target by a decade

icarussmith20

Jan 13, 20222 min read

Maersk speeds up decarbonisation target by a decade

COPENHAGEN, Jan 12 (Reuters) - (This Jan. 12 story, corrects paragraph 11 to say that Maersk's targets are not currently approved by the...

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icarussmith20

Jan 13, 20222 min read

Can Shipping Really Go Green?

In the past, shipping containers have been notoriously bad for the environment. Generally speaking, the environmental effects of...

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Shipping group Maersk expects cargo delays to persist

icarussmith20

Jan 12, 20221 min read

Shipping group Maersk expects cargo delays to persist

COPENHAGEN, Jan 11 (Reuters) - Top container shipping firm A.P. Moller-Maersk (MAERSKb.CO) on Tuesday warned its customers it was still...

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Shipping giants will plot course for landbound M&A

icarussmith20

Dec 23, 20212 min read

Shipping giants will plot course for landbound M&A

LONDON, Dec 22 (Reuters Breakingviews) - Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s...

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What’s the Green Fuel of the Future for Shipping?

icarussmith20

Dec 1, 20214 min read

What’s the Green Fuel of the Future for Shipping?

Shipping is the backbone of the global economy, carrying more than 80% of traded goods. But it also accounts for almost 3% of man-made...

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The worst is over for global supply chains, but shipping association says industry faces lingering i

icarussmith20

Nov 24, 20212 min read

The worst is over for global supply chains, but shipping association says industry faces lingering i

The worst is over for global supply chains, but not all problems the shipping industry faces have gone away, said the chairman of a...

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Cost of shipping a container from Asia jumped over 500% since last year, Traeger Grills CEO says

icarussmith20

Nov 23, 20212 min read

Cost of shipping a container from Asia jumped over 500% since last year, Traeger Grills CEO says

Traeger CEO Jeremy Andrus told CNBC’s Jim Cramer on Monday that rising shipping expenses were a major reason for the grill maker’s...

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Surging shipping costs will drive up prices for some consumer products by 10%, new UN report finds

icarussmith20

Nov 19, 20212 min read

Surging shipping costs will drive up prices for some consumer products by 10%, new UN report finds

BEIJING — The global surge in container shipping rates could send consumer prices 1.5% higher over the next year, according to a report...

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Shipping rate surge threatens global economy recovery, UNCTAD says

icarussmith20

Nov 18, 20211 min read

Shipping rate surge threatens global economy recovery, UNCTAD says

LONDON, Nov 18 (Reuters) - A surge in container shipping rates poses a threat to the global economic recovery, with small countries...

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California ports delay planned fines for shipping containers amid 'improvement' in backlog

icarussmith20

Nov 17, 20212 min read

California ports delay planned fines for shipping containers amid 'improvement' in backlog

The Ports of Los Angeles and Long Beach have delayed a plan to impose fees on backlogged shipping containers that was set to take effect...

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Supply chain disruptions will take ‘quite a long time’ to resolve, says shipping firm CEO

icarussmith20

Nov 3, 20212 min read

Supply chain disruptions will take ‘quite a long time’ to resolve, says shipping firm CEO

Disruptions in global supply chains — which have led to a shortage of some goods — will take “quite a long time” to resolve and push...

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Maersk profits triple on record freight prices

icarussmith20

Nov 2, 20211 min read

Maersk profits triple on record freight prices

Shipping giant Maersk says profits tripled over the latest quarter. Earnings hit $6.9 billion on the back of record-high freight rates....

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Industry looks to U.N. climate talks to steer cleaner shipping

icarussmith20

Oct 29, 20212 min read

Industry looks to U.N. climate talks to steer cleaner shipping

LONDON, Oct 28 (Reuters) - World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make...

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