Shipping

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.…

Read More Here

China-U.S. container shipping rates sail past $20,000 to record

Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add…

Read More Here

World faces shortage of merchant sailors to crew ships -study

There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a…

Read More Here

Rhine re-opens to shipping in south Germany as water drops

Germany's Rhine river has re-opened to shipping as water levels fell from recent highs in the last southern stretches blocked after last week's record rains, authorities said on Friday. Shipping…

Read More Here

U.N. adopts new measures to cut ship emissions, critics call for more

The U.N. shipping agency approved further measures to boost the energy efficiency of commercial vessels although critics said the move fell short of what was needed to cut the industry's…

Read More Here

Covid outbreaks in Chinese ports could cause global goods shortages

An outbreak of Covid-19 in southern China has combined with the rapid reopening of the world economy and a shortage of shipping containers to cause a surge in transport costs…

Read More Here

Disruption to shipping could delay Christmas orders

Disruption in the global container shipping industry shows no sign of being resolved quickly and could lead to shortages in the run-up to Christmas, say industry experts. An outbreak of…

Read More Here

EU presses shipping regulator for tougher carbon reduction standards

The European Union will push for tougher standards to cut the CO2 emissions intensity of ships at a meeting of the United Nations' maritime agency next week, a senior official…

Read More Here

Maritime shipping to fall short of net zero emissions target – IEA

The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report. The shipping industry is…

Read More Here

EU to tighten rules on ship recycling, restore areas of seas and oceans

The European Union on Monday said it would toughen its rules on ship recycling and decommissioning offshore oil and gas sites, and set new targets to restore damaged marine ecosystems.…

Read More Here

Shipping groups press EU to advance marine ‘fuels of future’

Shipping and trade groups are calling on the European Union to advance the development of ammonia and green hydrogen as the best marine fuel options to enable the industry to…

Read More Here

Global cargo logjam deepens, delaying goods bound for retailers, automakers

Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement…

Read More Here

UPDATE – Oil tanker attack in Saudi Arabia considered as a ‘terrorism’ act

Saudi Arabia said on Monday that a fuel transport ship anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack, after shipping…

Read More Here

U.N. urges designation of seafarers as key workers

The 193-member U.N. General Assembly urged all countries to designate seafarers and other marine personnel as key workers on Tuesday after travel restrictions to combat the spread of COVID-19 have…

Read More Here

Top global traders push to cut shipping emissions

Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the…

Read More Here

Maersk sees container demand at pre-COVID levels in first-half of 2021

Shipping group Maersk issued full-year earnings guidance above its forecast at the beginning of the year and said it expects demand for moving containers at sea to return to pre-COVID…

Read More Here

U.S. turns screws on maritime industry to cut off Venezuela’s oil

Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to…

Read More Here

More than 42,000 cruise ship workers still trapped at sea

More than 40,000 cruise ship workers are still stuck at sea because of concerns about the coronavirus. The Miami Herald reported that at least 42,000 workers remain trapped on cruise…

Read More Here

UN calls for seafarers to be designated ‘key workers’

Due to COVID-related travel restrictions, hundreds of thousands of the world’s two million seafarers have been “stranded at sea for months”, said the UN chief, calling for them to be…

Read More Here

New Zealand to allow some maritime vessels but cruise ships still banned

New Zealand said on Friday that it would allow entry of some maritime vessels as it looks to open up its economy after lifting all coronavirus restrictions earlier this week.…

Read More Here

Ocean shipping shrinks as pandemic pummels retailers

The $1 trillion container shipping industry is in a slowdown. Literally. Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking…

Read More Here

Carnival’s Princess Cruises extends suspension of some voyages

Carnival Corp's Princess Cruises on Thursday extended the suspension of some of its voyages in Australia, Canada and Taiwan as ports around the world remain shut due to the coronavirus…

Read More Here

Shipping industry goes digital in lockdown

The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry…

Read More Here

Royal Caribbean reveals coronavirus pandemic costing $150 million a month

The cost of keeping Royal Caribbean Cruises running is at least $150 million a month – even with the global pause in operations, the cruise line has revealed. The eye-watering…

Read More Here

Maersk sees drop in global container demand this year

Shipping group A.P. Moller-Maersk on Wednesday warned of a sharp drop in global container volumes due to the coronavirus pandemic, sending its shares down sharply. The coronavirus epidemic has thrown…

Read More Here

Rescue operation after ship splits in half in Maltese territorial waters

An operation in under way in Maltese territorial waters after a ship split in two because of bad weather. The Times of Malta reports that the ship Lady Sandra had…

Read More Here

Cruise ships seek safe harbour as coronavirus spreads

Cruise ships are looking for safe harbour on four continents amid fears they are spreading the new coronavirus that has infected more than 100,000 people worldwide. As the outbreak has…

Read More Here

Kuwait bans cruise ships from coronavirus-infected countries

Kuwait has barred foreign ships, except those carrying oil, from departing to or arriving from several countries to prevent the spread of the coronavirus, according to a notice seen by…

Read More Here

Innovative new Freeports across the UK as Government lays out plans to boost economy

Up to ten new innovative Freeports will be opened across the UK as the Government seeks to level up the country and seize on the opportunities leaving the EU has…

Read More Here

Cleaner Air in 2020: 0.5% sulphur cap for ships enters into force worldwide

From 1 January 2020, the maximum sulphur content of marine fuels is reduced to 0.5% (down from 3.5%) globally – reducing air pollution and protecting health and the environment. Sulphur…

Read More Here

A.P. Moller – Maersk announces new Executive Board to accelerate strategy execution

A.P. Moller - Maersk takes the next steps towards a more integrated company and changes the structure of its Executive Board by appointing Vincent Clerc as CEO of Ocean and…

Read More Here

European Commission approves maritime transport support schemes in Cyprus, Denmark, Estonia, Poland and Sweden

The European Commission has approved under EU State aid rules five schemes to support maritime transport in Cyprus, Denmark, Estonia, Poland and Sweden. The schemes encourage ship registration in…

Read More Here

Photo Story: Works start to tow Maltese registered ship ‘Blue Star’ in Spain

Tugs in Ares, La Coruna, Spain, manoeuvre for the transfer of the stranded Malta-flagged chemical vessel ‘Blue Star’ to Ferrol, Galicia. The ship got stranded on 22 November when it…

Read More Here

Pirates capture crew members of Hong Kong-flagged tanker

A Hong Kong-registered crude oil tanker was attacked, and its sailors kidnapped by pirates off the coast of Nigeria in the early hours of Wednesday, the South China Morning Post…

Read More Here

Maersk to lay off staff as part of cost cutting

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries. The company said it did not know yet…

Read More Here

Cargo ship full of sheep overturns off Romanian coast in the Black Sea

A handout photo made available by the ISU Constanta on 25 November 2019 shows The wreckage of the Queen Hind sheep is seen in the Black Sea waters from the…

Read More Here

Strong winds force Maltese flagged tanker Blue Star run aground in La Coruna, Spain

The chemical ship 'Blue Star' has run aground in Ares, La Coruna, Spain, 23 November 2019. The vessel under Maltese flag ran aground due to strongs winds, reports said. Chemical…

Read More Here

Tanker driven ashore during a heavy storm near Odessa, Ukraine

The tanker ‘Delfi’, was driven ashore during a heavy storm near the Black Sea port of Odessa, Ukraine, on the evening of Friday 22 November 2019. The tanker from Moldova…

Read More Here

UK lowers security level for its ships in Strait of Hormuz

Britain lowered its security risk level for UK-flagged ships traveling through the Strait of Hormuz on Thursday, more than a month after one of its tankers was finally released from…

Read More Here

Ports across England given £10 million to prepare for Brexit

Sixteen ports across England will receive a share of a multimillion-pound funding pot to help their preparations for Brexit on 31 October, Transport Secretary Grant Shapps announced. The Department for…

Read More Here

Boris Johnson pledges to bring shipbuilding back to the UK

Thousands of jobs in the British shipping industry will be created over the next decade, the Prime Minister Boris Johnson will announce on Thursday, as he pledges to bring shipbuilding…

Read More Here

Britain at risk of losing leading edge in maritime services

Britain’s position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said,…

Read More Here

Shipping companies sailing through Middle East Gulf urged not to use private security guards

Shipping companies sailing through the Middle East Gulf are being urged to avoid having private armed security guards onboard as the risk of escalation in the region rises, industry associations…

Read More Here

U.S. warns merchant ships of possible Iranian attacks

Iran could target U.S. commercial ships including oil tankers, the U.S. Maritime Administration said on Friday, as a senior Iranian cleric said a U.S. Navy fleet could be “destroyed with…

Read More Here

Libyan Navy warns NGOs’ not to sail into Libyan waters

The Libyan Navy and Coast Guard have warned NGOs not to enter the country's territorial waters or even operate close to the Libyan coastguards. In a statement, the Libyan Navy…

Read More Here

Italian shipping agents taking legal advice as to whether to sue ‘Atlantia’ for damages after Genoa Bridge collapse

Italian shipping agents who say their business has been affected by a deadly bridge collapse in Genoa are taking legal advice and considering whether to sue toll-road operator Atlantia, if…

Read More Here

China cancels upcoming trade talks with US

China has cancelled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. The Wall…

Read More Here

When Orange Stands for Road Safety

EXPRESS TRAILERS has chosen April as the Road Safety month and over the coming days, it will be launching a nationwide campaign to promote more responsible road sharing. FRANCO AZZOPARDI,…

Read More Here