Shipping 9/12

Global shipping could take a hit due to lack of vaccine access for seafarers

icarussmith20

Mar 22, 20213 min read

Global shipping could take a hit due to lack of vaccine access for seafarers

The International Chamber of Shipping is warning the global shipping community the lack of access to vaccines for seafarers will place...

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Russia’s Arctic MiGs Can Cover The Country’s Entire Northern Shipping Route

icarussmith20

Mar 21, 20212 min read

Russia’s Arctic MiGs Can Cover The Country’s Entire Northern Shipping Route

The U.S. Air Force is working hard to expand the number of bases that can support the service’s most powerful warplanes for missions over...

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Shipping Logjams Spread on Crush of Imports

icarussmith20

Mar 20, 20213 min read

Shipping Logjams Spread on Crush of Imports

Logjams at U.S. ports are spreading beyond Southern California’s choked gateways, and shipping officials are projecting the backups will...

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India’s Top Shipping Company Set to Kick Off Privatization Push

icarussmith20

Mar 11, 20213 min read

India’s Top Shipping Company Set to Kick Off Privatization Push

At least five maritime operators are in talks with the Indian government to buy a majority stake in the country’s biggest shipping...

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Uber Freight’s Market Access solution helps shippers manage supply chain risks

icarussmith20

Mar 10, 20212 min read

Uber Freight’s Market Access solution helps shippers manage supply chain risks

In February, Uber Technologies Inc. (NYSE:UBER) released its fourth-quarter earnings, showcasing its subsidiary, Uber Freight, which...

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Maersk to Launch World’s First Carbon Neutral Vessel in 2023, If Partners Play Along

icarussmith20

Mar 5, 20212 min read

Maersk to Launch World’s First Carbon Neutral Vessel in 2023, If Partners Play Along

AP Moller-Maersk says it will launch the world’s first carbon neutral liner vessel in 2023, seven years ahead of its original goal. The...

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US coffee roasters weigh price increases, cite shipping inflation

icarussmith20

Mar 3, 20212 min read

US coffee roasters weigh price increases, cite shipping inflation

Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their...

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ICE sees spike in shipping fuel and wet freight derivatives trade activity

icarussmith20

Feb 28, 20212 min read

ICE sees spike in shipping fuel and wet freight derivatives trade activity

SINGAPORE, Feb 26 (Reuters) - Trading in 0.5% Marine Fuel Oil (MFO) and Wet Freight contracts hit record levels this month, a year after...

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Post-Covid-19, Shipping Tailwinds Will Still Be Strong

icarussmith20

Feb 27, 20212 min read

Post-Covid-19, Shipping Tailwinds Will Still Be Strong

Shipping companies have steamed out of 2020 in ship shape as freight rates hit highs. The rollout of vaccines around the world will...

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The latest consequence of climate change: The Arctic is now open for business year-round

icarussmith20

Feb 23, 20214 min read

The latest consequence of climate change: The Arctic is now open for business year-round

The Arctic is now open for business year-round after a large commercial ship sailed the Northern Sea Route from Jiangsu, China, to a...

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Shipping climate change bill could be passed on to consumers

icarussmith20

Feb 22, 20212 min read

Shipping climate change bill could be passed on to consumers

Consumers could end up picking up the cost of increased shipping charges to tackle climate change, according to Maersk's (AMKBY) CEO. The...

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Shipping Container Shortage Gives Commodity Prices Extra Boost

icarussmith20

Feb 18, 20213 min read

Shipping Container Shortage Gives Commodity Prices Extra Boost

It has rarely been more expensive to move sugar, coffee and copper around the world by sea. Ocean freight rates began to soar last...

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Container shipping locked in a ‘significant bottleneck’ as demand surges back

icarussmith20

Feb 10, 20213 min read

Container shipping locked in a ‘significant bottleneck’ as demand surges back

Container shipping firms are locked in a “significant bottleneck” as resurgent global demand stretches capacity and drives up freight...

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Ocean container losses topple annual average in 2 months

icarussmith20

Feb 7, 20216 min read

Ocean container losses topple annual average in 2 months

The World Shipping Council issued an eye-opening report last July. What seemed like a steady stream of vessel fires, capesizes and...

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California asks Federal Maritime Commission to take action on agricultural shipping delays

icarussmith20

Feb 3, 20214 min read

California asks Federal Maritime Commission to take action on agricultural shipping delays

Just one week after CNBC’s two month investigation into shipping carriers’ rejection of U.S. agricultural exports, California is calling...

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Pete Buttigieg Is Confirmed as Biden’s Transportation Secretary

icarussmith20

Feb 3, 20214 min read

Pete Buttigieg Is Confirmed as Biden’s Transportation Secretary

WASHINGTON — The Senate on Tuesday confirmed Pete Buttigieg, a former mayor of South Bend, Ind., and a 2020 Democratic presidential...

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Ship Operators Seek Calmer U.S. Trade Waters Under Biden

icarussmith20

Jan 29, 20215 min read

Ship Operators Seek Calmer U.S. Trade Waters Under Biden

The global shipping industry is hoping that President Biden’s “America is back” declaration means the U.S. is returning to free-trade...

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Shipping carriers rejected tons of US agricultural exports, opting to send empty containers to China

icarussmith20

Jan 27, 20218 min read

Shipping carriers rejected tons of US agricultural exports, opting to send empty containers to China

Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November, instead...

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Coronavirus: Seafarers stuck at sea ‘a humanitarian crisis’

icarussmith20

Jan 26, 20212 min read

Coronavirus: Seafarers stuck at sea ‘a humanitarian crisis’

The fate of more than 200,000 seafarers who play a crucial role in keeping global trade flowing is being labelled a "humanitarian crisis...

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An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%

icarussmith20

Jan 25, 20214 min read

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%

SINGAPORE — A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and...

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