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PPI
Business, Logistics

Shares of World’s Biggest Shipping Line Fall Amid Fears of Trade Wars

A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall Nov. 9 as the outcome of the U.S. presidential election fanned concern there will be a shift toward policies that are hostile toward global trade.

November 9, 2016
Business, Logistics

Top Japanese Shipping Lines to Merge Container Businesses

Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.

Chris Cooper and Kiyotaka Matsuda | Bloomberg News
October 31, 2016
Business, Logistics

Shippers Brace for New Rules to Cut Deadly Sulfur Emissions

SINGAPORE — The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades.

Roslan Khasawneh and Keith Wallis
October 11, 2016
Business, Logistics

Hanjin Shipping Files for Court Protection After Revamp Rejected

Hanjin Shipping Co. applied for court protection Aug. 31 after failed efforts to secure credit and tide over a cash shortage.

Sohee Kim and Kyunghee Park | Bloomberg News
August 31, 2016
Business, Logistics

Distressed Hanjin Shipping Co. Becomes Symbol of Industry in Pain

Hanjin Shipping Co., the distressed Korean container mover that filed for court protection Aug. 31, is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.

Kyunghee Park and Christian Wienberg | Bloomberg News
August 31, 2016
Business, Logistics

Shipping Firms Promise the EU Steps to Prevent Price Hike Collusion

BRUSSELS — Several container shipping companies have promised to change practices that potentially allowed them to raise the price of global goods transport, the European Commission announced July 7, following an investigation.

Helen Maguire | Deutsche Presse-Agentur GmbH (Hamburg, Germany)
July 7, 2016
Business, Logistics

Global Shipping Slumps on Fears of Trade Crisis

The world’s largest ship broker admitted its business has been battered by weak global trade – underlining the crisis engulfing the shipping industry.

Hugo Duncan | Daily Mail (London)
July 5, 2016
Business, Logistics

Ocean Carriers, Six Ports Reach Deal on Container Weight Procedures

Container carriers that belong to the Ocean Carrier Equipment Management Association trade group and six ports have announced the first united approach to meeting new international freight weight requirements that take effect July 1.

May 20, 2016
Business, Logistics

Container Shipping Firms' Costs Soar on New Fuel Rules, New Report Shows

COPENHAGEN — Container shipping firms' annual costs have risen by a total $500 million due to new sulfur emissions regulations that have forced vessels to use higher-cost fuel, the Organization for Economic Co-operation and Development said in a May 19 report.

Ole Mikkelsen | Reuters
May 19, 2016
Business, Logistics

China Wants Its Cargo Ships to Use Faster Northwest Passage in Arctic Ocean

BEIJING — China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper reported April 20.

Ben Blanchard | Reuters
April 20, 2016

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