Shipping

Why the shipping industry’s increased climate ambition spells the end for its fossil fuel use

A revised strategy to reduce global shipping emissions has emerged from two weeks of intense talks in London. It marks a significant increase in the industry’s climate ambition. The revised…

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Express Trailers Invests in New Structure for Ħal Far Bonds Section

Increased activity at Express Trailers’ bond depot in Ħal Far which consists of warehouses and an unloading area where all imports arriving in Malta are sorted for delivery, has led…

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UN ship agency chief urges decisive action at environment talks

Countries must take decisive action at talks aimed at accelerating decarbonisation in the shipping industry, the United Nations' shipping agency chief said on Monday, as pressure for change builds. Shipping,…

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US, UK, others seek to target illicit oil shipping transfers at sea

LONDON, May 18 (Reuters) - The U.S., UK, Denmark and other countries have called for more action, including increased surveillance, over the booming practice of unregulated oil transfers at sea,…

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Western curbs on Russian oil products redraw global shipping map

By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and…

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Top U.S. shipping gateway mostly closes due to port worker shortage – employer group

By Laila Kearney (Reuters) - A shortage of West Coast port workers has forced the busiest U.S. ocean trade gateway to largely shut on Friday, after months of strained labor…

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Philippine leader cheers European Commission’s move as job losses for 50,000 seafarers averted

MANILA, April 2 (Reuters) - Philippine President Ferdinand Marcos Jr on Sunday welcomed the European Commission's (EC) decision to continue recognising certificates issued by his country for Filipino seafarers, saying…

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Amazon, other retailers revamp ‘free’ shipping as costs soar

By Lisa Baertlein LOS ANGELES (Reuters) - There is no such thing as free shipping. Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate…

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EU moves towards limiting carbon emissions from shipping

BRUSSELS, March 23 (Reuters) - EU countries on Thursday reached a preliminary agreement to reduce greenhouse gas emissions in the maritime sector by increasing the use of renewable fuels on…

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Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they…

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A Maritime Court is necessary and consistent with the Country’s Aspirations to remain a Centre of Excellence – the Malta Maritime Forum

The Malta Maritime Forum has expressed support to a call made by Chief Justice Mark Chetcuti for the exclusive jurisdiction of the Civil Court (Commercial Section) to be extended to cover…

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Shipping prices drop as parts of Rhine return to normal depths

HAMBURG, Sept 30 (Reuters) - Water levels on the Rhine in Germany have risen sharply after rain this week, returning to normal levels of parts of the river and pushing…

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New Zealand bans export of live animals by sea

WELLINGTON, Sept 28 (Reuters) - New Zealand on Wednesday banned the export of livestock by sea from April 2023, citing animal welfare concerns in a decision that will affect major…

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APPEC-EU sanctions, price cap on Russian oil to raise shipping hurdles

SINGAPORE, Sept 26 (Reuters) - Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and…

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Photo Story: Largest container ship in the world arrives in Rotterdam

People watch from the shoreline as the Ever Alot container ship on Friday arrived in the port of Rotterdam, Netherlands. The largest container ship in the world measures 400 meters…

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UPDATED: BASF may have to cut production due to low Rhine water levels

BERLIN, Aug 5 (Reuters) - German chemicals giant BASF said it could not rule out needing to make cuts to production in the coming weeks due to low water levels on the Rhine…

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Shipping prices rise as Rhine water in Germany falls again, water level hits output at Staudinger 5 and Datteln 4 plants

HAMBURG, (Reuters) - Water levels on the river Rhine in Germany fell again in hot, dry weather this week and cargo vessels are sailing with reduced loads with transport prices rising, vessel…

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Seafarer shortage stands in way of Ukraine grain corridor

Finding enough seafarers willing to sail ships stuck inside Ukraine's ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis.…

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Ship insurers sail into unknown with Ukraine grain risks after deal reached

LONDON, (Reuters) - A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the…

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Sea freight rates likely to decrease further, CMA CGM boss says

PARIS, (Reuters) - Sea freight rates, which over the last weeks started to decrease after reaching a high, are likely to fall further, the head of French shipping giant CMA CGM said…

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Shrugging off Russia maritime business loss, Cyprus targets Asia shipping

LONDON, (Reuters) - Cyprus has already overcome the loss of Russian maritime trade due to European sanctions and the Mediterranean shipping hub is chasing business expansion in Japan and elsewhere in Asia…

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China’s exports pick up speed, but global headwinds darken trade outlook

BEIJING, July 13 (Reuters) - China's exports grew at their fastest pace in five months in June, as factories revved up after the lifting of strict COVID lockdowns, but a slowdown in…

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Photo Story: Ship stranded off the cliffs in south of Sydney, Australia

The Portland Bay cargo ship sits stranded approximately one kilometre off the cliffs the of Royal National Park, south of Sydney, Australia. A cargo ship is without power and stranded…

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Sky-high cost of ageing ships sounds inflation SOS

Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic lockdowns…

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Biden signs ocean shipping bill in bid to reduce export backlogs

WASHINGTON (Reuters) - President Joe Biden signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House…

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Shipping giant CMA CGM sees uncertain outlook

CMA CGM said that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated shipping market. French-based CMA CGM, one of the world's…

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Ship insurance claims to rise as Black Sea remains high risk area

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate &…

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Ship fuel suppliers stop serving Russian vessels in the Mediterranean, Malta not allowing any Russian ships to come to its ports

Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports, five industry sources with knowledge…

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Ukraine crisis has raised shipping transit fees -Suez Canal chairman

CAIRO, March 31 (Reuters) - The war in Ukraine has lead to an increase in shipping transit fees, Suez Canal Authority Chairman Osama Rabie told Asharq television on Thursday. The canal is…

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Russia dropped from ship certification body as sanctions bite

LONDON, March 14 (Reuters) - The world's top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after…

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Malta among countries seeking UN meeting over shipping dangers after Ukraine invasion

Over 15 countries have called for a special meeting with the UN's shipping agency to discuss the safety of ships and their crews sailing through the Black Sea and Sea…

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Shipping delays may spoil food, medical shipments to Russia, Maersk warns

COPENHAGEN, March 2 (Reuters) - Shipments of foodstuff and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs, shipping group Maersk told its customers…

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Global container flows struggle to pick up speed, data shows

LONDON (Reuters) - Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and…

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MSC overtakes Maersk as the world’s biggest shipper

COPENHAGEN, Jan 6 (Reuters) - Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking delivery…

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Shipping giants will plot course for landbound M&A

Shipping giants are heading for port, but not in the traditional sense. Companies like Denmark’s A.P. Moller-Maersk and Germany’s Hapag-Lloyd are riding a record valuation wave thanks to a year…

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Walnuts for holiday baking languish as U.S. shipping crisis hurts farmers

ESCALON, Calif., Dec 9 (Reuters) - The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton's California packing facility should be headed to Europe for…

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Saudi-led coalition warns of danger to global trade south of Red Sea

CAIRO, Nov 22 (Reuters) - The Saudi-led coalition fighting the Iran-backed Houthi movement in Yemen said it detected indications of an imminent danger to navigation and global trade south of…

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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 dependent on deliveries by sea expected to be…

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Gadget gifting may get costly this holiday season as supply chain plays The Grinch

Shoppers could be looking at an expensive Christmas as supply chain snafus force companies to make and deliver their latest higher margin electronic gadgets to market faster, leaving fewer cheaper…

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Countries agree to create green shipping lanes in pursuit of zero carbon

GLASGOW, Nov 10 (Reuters) - A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed…

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

World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonise by 2050, a senior industry official involved in the meeting…

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Shipping drifts off net-zero course without carbon levy -study

The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is…

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California ports, key to U.S. supply chain, among world’s least efficient

Southern California’s Los Angeles and Long Beach ports handle the most ocean cargo of any ports in the United States, but are some of the least efficient in the world,…

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Greece wants ‘realistic’ EU green policy for shipping

EU shipping power Greece has told the European Commission that adding the industry to the bloc's carbon emissions trading scheme should be proportionate and tightly enforced to secure a level…

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Photo Story: Ships queue to enter terminals in Los Angeles and Long Beach

A handout satellite image available by the National Aeronautics and Space Administration (NASA) shows dozens of cargo ships waiting offshore for their turn to unload goods in the Port of…

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How Target, Home Depot, UPS, FedEx plan to ease U.S. port congestion

President Joe Biden on Wednesday pushed to ease supply chain logjams that are threatening the all-important U.S. holiday shopping season. A port in Los Angeles will join Long Beach, California,…

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Biden enlists Target, Walmart to fix bottlenecks threatening holiday sales

President Joe Biden urged the private sector to help ease supply chain blockages that are threatening to disrupt the U.S. holiday season and said the White House plans a nationwide…

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Dubai’s DP World says long time until shipping supply chain disruptions end

There is no end in sight to the shortage of shipping containers, port congestion and sky rocketing freight rates that have rattled global trade, the chairman of Dubai ports giant…

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‘Containergeddon’: Supply crisis drives Walmart and rivals to hire their own ships

The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile…

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Britain has 10 days to save Christmas, retail sector says

LONDON, Sept 24 (Reuters) - Britain's retail industry warned the government on Friday that unless it moves to alleviate an acute shortage of truckers in the next 10 days then…

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Shipping industry proposes levy to speed up zero carbon future

Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry's efforts to go greener. With about 90% of world trade…

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Putin calls for launch of regular cargo shipments via northern sea route next year

President Vladimir Putin said on Friday that Russia should start regular container shipments via the Northern Sea Route across its northern flank from Vladivostok to St Petersburg next year. Russia…

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Chinese ports choke over ‘zero tolerance’ COVID-19 policy

Several Chinese ports are facing congestion as vessels due to call at Ningbo are being diverted and cargo processing is slowed partly due to stricter disinfection measures under China's "zero-tolerance"…

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Hapag-Lloyd sees no let-up in tight shipping capacity

German container shipping line Hapag-Lloyd said this week it sees no let-up in tight shipping capacity this year which has driven up its net profit in the first six months…

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Port, shipping firms divert vessels after a Ningbo terminal shuts

Ports and shipping companies are diverting vessels from a container terminal in China's busiest marine transportation hub which was forced to close after a coronavirus case emerged, as the pandemic…

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Major container ports in eastern China see worsening congestion after COVID cases

Congestion off China's top two container ports Shanghai and Ningbo is worsening following the shutdown of a container terminal in Ningbo where a COVID-19 case was detected this week. Tighter…

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Shipping group Maersk continues shopping spree after strong earnings

Maersk announced it had bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.…

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