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Investors wait to see Red Sea in shippers' Q1 numbers
By Jesus Calero and Louis van Boxel-Woolf (Reuters) - European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first q...
Thomson Reuters May 01, 2024
Exclusive-Russia is shipping oil to North Korea above UN mandated levels
By Steve Holland WASHINGTON (Reuters) - Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. o...
Thomson Reuters May 02, 2024
Turkey's Bosphorus traffic suspended after ship engine failure, agent says
ISTANBUL (Reuters) - Traffic was suspended in Turkey's Bosphorus on Tuesday after a bulk carrier had an engine failure at the southern end of the straits that run through Istanbul, shipping agent Trib...
Thomson Reuters May 07, 2024
New York Fed finds slightly higher supply chain pressure in January
By Michael S. Derby (Reuters) - Supply chain pressures rose but remained quite low at the start of the year suggesting shipping disruptions tied to trouble in the Middle East have yet to manifest them...
Thomson Reuters Feb 06, 2024
Renault expects closing of electric vans JV with Volvo and CMA CGM by early April
PARIS (Reuters) - Renault expects the closing of its joint venture in electric vans with Volvo and French shipping group CMA CGM to happen by the beginning of April, a spokeswoman told Reuters on Wedn...
Thomson Reuters Mar 13, 2024
Zara owner Inditex flags one-week delays due to Red Sea crisis
MADRID (Reuters) - The world's biggest apparel retailer Inditex said average shipping times have been delayed by about a week by the Red Sea crisis, as container ships carrying its products avoid the ...
Thomson Reuters Mar 14, 2024
Maersk will avoid Red Sea despite EU security operation
COPENHAGEN (Reuters) - Shipping company Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by the European Unio...
Thomson Reuters Mar 22, 2024
Peru to 'correct error' that gave Cosco exclusivity in megaport
LIMA (Reuters) - Peru's port authority said it hopes to fix an "administrative error" that gave China's Cosco Shipping exclusivity over operations at the new Chancay megaport. The National P...
Thomson Reuters Mar 23, 2024
Ship that collided with Baltimore bridge was chartered by Maersk
COPENHAGEN (Reuters) -The Dali container vessel that collided on Tuesday with a bridge in Baltimore was chartered by shipping company Maersk, the Danish group said in a statement. The ship carried Mae...
Thomson Reuters Mar 26, 2024
Baltimore port closure could dent US coal export volumes, EIA says
(Reuters) - Halted shipping traffic from the Port of Baltimore, the second-largest U.S. hub for coal exports, will slow the growth in U.S. coal exports and reduce bunker fuel use, the Energy Informati...
Thomson Reuters Mar 28, 2024