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Oil prices retreat to pre-war levels as vital shipping route reopens
FILE PHOTO - A sign showing fuel prices is displayed at a gas station. (is associated with: «Oil prices retreat to pre-war levels as vital…
Tag
shipping
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Ways to Save Money on Global Shipping
Shipping overseas can be incredibly expensive, regardless of your company’s size or the volume of your overseas trade. Here are a few ways…
Business
Hapag-Lloyd in talks to buy Israel’s Zim Integrated Shipping; sale price to exceed US$3.5 billion
Zim will be delisted from the New York Stock Exchange once the necessary regulatory and government approvals come through G-LLOYD is in…
Business
Shipping firms face tough 2026 as reopening of Red Sea looms
Maersk has made two successful passages for the first time since Yemen-based Houthis began attacking vessels in 2023 Global container…
Business
Geo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy said on Thursday (Jan 8) that it has completed its acquisition of majority stakes in two Indonesian…
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Ocean Network Express, MTI form JV to advance shipping industry’s digital transformation
It aims to promote the digital transformation of operations and business models using artificial intelligence Singapore-based shipping…
Business
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container…
Business
Shipping giants race to speed up China-Peru trade with new route
The ports of Callao and Chancay are only about 50 miles apart, or a few hours by truck, and both are close to Lima. Competition to…
Business
Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists
Security risks and US policy shifts unsettle demand and freight rates, hurting shipping profits German container shipping firm Hapag-Lloyd…
Business
Apple begins shipping AI servers from Houston factory
Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans…
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Royal Mail moves quickly to diversify non-home parcel shipping points
Royal Mail plans to almost double the number of parcel exchanges — including shops, lockers and parcel post boxes — to 45,000 locations by…
Business
China hits back at US on shipping with Hanwha curbs, probe
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance China has…
Business
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
Chinese lines Cosco Shipping Holdings and Orient Overseas (International) could be hit by US port fees amounting to more than US$2.1…
Business
Cosco Shipping, Orient Overseas could be staring at over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
Business
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy is proposing to acquire 51 per cent stakes in two Indonesian shipping companies for a US$127.5 million…
Business
Samudera Shipping H1 profit doubles to US$41.8 million
Samudera Shipping reported a 100.4 per cent increase in net profit to US$41.8 million for its first half ended Jun 30, from US$20.9…
Business
China threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block…
Business
Surging UK shipping costs threaten to deliver a new price shock
The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade war, threatening to push up consumer…
Business
Target explores factory-direct shipping model used by Temu
Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort…
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Shipping on high alert in Middle East After US strikes on Iran
The shipping industry was placed on high alert on Sunday (Jun 22) with warnings that Tehran could retaliate against commercial vessels…
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Shipping firm Maersk temporarily pauses Haifa port calls
Container shipping company Maersk said on Friday (Jun 20) it had temporarily paused vessel calls at Israel’s Haifa port, amid the…
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Shell is being ‘very careful’ with shipping in the Middle East: CEO
Shell CEO Wael Sawan said on Thursday the oil and gas major was being “very careful” with its shipping through the Middle East given the…
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Baltic Exchange Shipping Insights
Capesize The Capesize market enjoyed a strong upward trajectory this week, driven by consistent gains in the Pacific and mounting support…
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Container shipping rates soar, impact on shippers outside China felt
Sea cargo rates have surged, with those for the voyage from Shanghai to the US particularly steep, fuelled by pent-up demand and…