Staff at Britain's largest container port, Felixstowe, have voted in favor of strike action in a dispute over pay, the Unite union said on Thursday, warning of huge disruption across the supply chain.The dockworkers join a growing wave of employees, in a range of sectors from rail to telecoms
China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.Analysts say the rebound in exports reflected an easing of supply chain disruptions and port congestion that hammered the world's
A.P. Moller-Maersk has withdrawn its board member from industry organization International Chamber of Shipping (ICS), partly over the trade association's stance on climate change, according to the company's website.Maersk, one of the world's largest shipping groups, has been part of ICS's board for around a decade
The German government made an offer to buy the insolvent MV Werften's Rostock shipyard for its navy, a defense ministry spokesperson said on Friday, in a move to top up capacities for repairing and servicing war ships.Germany, in response to Russia's invasion of Ukraine, has been scrambling to bring its military back in shape after decades of attrition following the Cold War.
Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying on Wednesday.Ukraine's Black Sea ports have been blocked since Russia sent thousands of troops into Ukraine on February 24 and more than 20 million tonnes of grain are
The United States has confiscated an Iranian oil cargo held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.Greek authorities last month impounded the Iranian-flagged Pegas, with 19 Russian crew members on board, near the coast of the southern island of Evia due to EU sanctions.
Shipping group Maersk, often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of the year, even as it raised full-year guidance driven by high container freight rates.The shipping industry has seen record profits in recent quarters as a surge in consumer demand, pandemic-related bottlenecks in U.S.
Tunisian authorities intensified efforts on Saturday to avoid an environmental disaster after a merchant fuel ship carrying one thousand tons of fuel sank off the coast of Gabes on Friday, two security sources told Reuters.The Tunisian navy had rescued all seven crew members from the ship, which was heading from Equatorial Guinea to Malta
Niels G. Stolt-Nielsen has decided to step down from his role as Chief Executive Officer of chemical tanker operator Stolt-Nielsen Limited.The company said Wednesday he'd continue as CEO and as a Director on the Board until the appointment process for a successor has been completed. Niels G.
Another eight current and former merchant mariners have been indicted in a a test score-fixing scheme at a U.S. Coast Guard exam center in Louisiana.The defendants are charged with obtaining, and intending to use, officer-level licenses that were procured through falsified exam scores.
Japan's Nippon Yusen KK (NYK) and its partners said on Tuesday they will conduct a demonstration project to develop commercial vessels equipped with ammonia-fueled engines to help reduce carbon dioxide emissions to tackle climate change.The shipping industry is examining a range of technologies as it looks to meet a target set by the UN's International Maritime Organization (IMO) of reducing
A.P. Moller-Maersk said on Tuesday it had ordered eight vessels which are able to run on carbon-neutral methanol to accelerate the decarbonization of its fleet and meet increased customer demand for greener transportation.The Danish company has vowed to only order new vessels which can use carbon-neutral fuel as it seeks to deliver net-zero emissions by 2050.