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INSANE: 5 | Vintage Vibes

Shipper Maersk reports most profitable year, warns of drop

The world’s biggest shipper, Denmark’s A

The Independent UK

Turkish port of Iskenderun damaged, ships diverting -Maersk

The southern Turkish port of Iskenderun has suffered severe structural damage due to an earthquake with all operations halted until further notice, container shipping firm AP Moller Maersk said on Tuesday.

Reuters

World’s biggest ship Ever Alot skips India in blow to trade goals

NEW DELHI: Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure.

The Times of India

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As the world moves to a low carbon economy, has diesel fuel run its course?

New technology to replace diesel fuel could transform the freight industry and a lot of the machinery used in agriculture and mining. So what does that look like on the ground?

ABC News

Shipping congestion will ease once recession hits

Though economic contraction creates a raft of issues, a recession will see demand for freight pull back.

Newsroom.co.nz

Maersk warns of ‘dark clouds on the horizon’ as it cuts demand forecast amid growing recession fears

The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand

Evening Standard

Ruakura Superhub: Building Aotearoa's largest inland port

"In 20 years, it will be the epicentre of logistics in the North Island."

Newsroom.co.nz

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JCB says hundreds of jobs secured with global logistics deal

Digger maker recently revealed that sales and profits were up after taking a big hit during lockdown

Birmingham Post

Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen

For the giants of ocean trade, big ships aren't enough anymore; they need planes, too.

Bangkok Post

Global Freight Rates Are Going Down— Will This Lead To Chaos For Shipping Companies?

The international price of global freight shipping is dropping in a trend that could have ripple effects across the entire shipping industry.

Benzinga

How Much Money Do Shipping CEOs Make? Here's Their 2021 Pay Info

Managing ships is big business. It should come as no surprise that bosses of ship-operating companies are highly compensated. What may surprise you is that the CEOs with the largest fleets don't necessarily earn the highest compensation.

Benzinga

'Symbol of equality, inclusion and diversity' makes city pit stop on world tour

The container, which has already been around Asia and Europe, is now continuing its tour across the UK

Liverpool Echo

Ship owners sought CO2 exemption when the sea gets too wavy

The marine shipping industry is facing new regulations to address carbon pollution and documents show the industry is fighting back

The Independent UK

Corporates must make 'a pivot without precedent'

As pressure on companies to act on climate change rises, their ambitious-sounding headline claims all too often lack real substance. Even companies that are doing relatively well exaggera

Newsroom.co.nz

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The Independent UK

Shipping company Maersk sees record quarter as demand surges

The world’s biggest shipping company, Denmark’s A

Benzinga

Kirby Inks Offshore Wind Partnership With Maersk

Kirby Corp (NYSE:KEX) signed a commercial agreement to provide barge transportation services for offshore wind towers and turbines to Maersk Supply Service, a subsidiary of A. P. Moller Maersk A/S (OTC:AMKBY). Deal terms were not disclosed. Maersk Supply Service has been selected by Empire Offshore Wind, a joint venture between Equinor ASA (NYSE:EQNR) and BP plc (NYSE:BP), as the…

InsideEVs

US: Volvo Trucks Receives Record Orders For VNR Electric Trucks

Volvo Trucks announced two large electric truck orders in North America for a total of a three-digit number of Volvo VNR Electric trucks.

Benzinga

Maersk Warns Shanghai City Lockdown Will Severely Hurt Trucking Services And Bump-Up Transport Costs: Reuters

A. P.

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Asharq Al-Awsat

Egypt Inks Deal to Further Accelerate Supply of Green Fuels

Egypt signed on Monday a Memorandum of Understanding (MoU) with Maersk in a joint bid to further accelerate the supply of green fuels for ships as part of the shipping industry’s transition to net-zero. Egyptian Prime Minister Mostafa Madbouly witnessed the signing of the deal with the General Authority for…

Reuters

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

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 on Wednesday.

The Guardian - UK

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

Tribune News Service

Maersk logistics chief sees bumpy West Coast labor process

Contract-renewal talks for about 15,000 workers at the U.S.’s busiest ports on the West Coast are going to be a “bumpy process” amid the protracted congestion affecting those operations, according to the head logistics at A.P. Moller-Maersk A/S, the world’s largest container liner.

The Independent UK

Shipping company Maersk sees record profit as demand surges

Denmark’s A

Reuters

Maersk container ship runs aground off German island

One of the world's biggest container ships, the Mumbai Maersk, has run aground off the German island of Wangerooge in the North Sea, Germany's Central Command for Maritime Emergencies and Maersk said on Thursday.

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