Water levels on Germany's Rhine river are so low that some vessels cannot sail even when empty, a shipping cooperative said on Friday, although long-awaited rain has begun to ease bottlenecks on one of the country's main commercial routes.Weeks of drought across Europe and beyond have added to supply chain problems as vessels have had to lighten their loads to ensure they can travel along
Hundreds of dockworkers at one of Britain's largest container ports will be balloted for strike action in a dispute over pay and conditions, a union representing them said on Tuesday, threatening disruption to supply chains.Staff from a range of sectors, including rail and aviation, have resorted to strikes as pay hikes fail to keep up with British inflation, which reached a 40-year peak of 9.
In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions
A vessel has been attacked 34 nautical miles (63 km) southwest of Yemen's Hodeidah, the United Kingdom Maritime Trade Organisation (UKMTO) reported on its website on Thursday, adding an investigation is underway.British maritime security company Ambrey Intelligence said the incident involved a sailing vessel that managed to escape an attempted boarding from occupants of skiffs
Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.
Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia's invasion of Ukraine, the Danish firm said on Wednesday.Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port on Monday, but still has 20,000 containers stranded in Russia.
London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, is watched closely and influences underwriters’ considerations over insurance premiums.
The UN's shipping agency will seek to create a safe maritime corridor to enable merchant ships and their crews stuck in the Black Sea and Sea of Azov to sail away without the risk of being hit, it said on Friday.Russia's military took control of waterways when it invaded Ukraine on Feb. 24, in what Moscow calls a "special operation".
London’s marine insurance market on Tuesday added the Ukrainian and Russian waters around the Black Sea and Sea of Azov to its list of areas deemed high risk as tensions persist in the region, a senior official said.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market
Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to two-way traffic, while widening and deepening another 30 kilometers, the chairman of the authority managing the waterway said on Tuesday.Suez Canal Authority Chairman Osama Rabie, giving the first news conference on the expansion which began in June
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 pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe, but knock-on effects have also been felt around the world.
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 of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent of 4,284 million twenty-foot containers, Alphaliner said. That compares with Maersk's 4,282 million.