Business, Logistics

Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm

A Maersk ship at the Port of Los Angeles Lance M. Cunningham/Flickr

A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.

Christian Wienberg | Bloomberg News
July 23, 2018
Government, Business, Logistics, TCA

Great Lakes Shipping Supports 237,00 Jobs, Study Finds

Ports of Indiana

A new study found that Great Lakes shipping to ports such as the Port of Indiana-Burns Harbor and the Port of Chicago on the South Sides pumps $25.6 billion into the economy and supports 237,000 jobs, including 147,500 in the Midwest.

Joseph S. Pete | The Times (Munster, Ind.)
July 20, 2018

Cosco Clears US Hurdle on Orient Overseas With Wharf Sale

Frerk Meyer/Flickr

Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year.

Bloomberg News
July 9, 2018
Business, Logistics

World’s Biggest Shipping Market Booms as Trade War Shrugged Off

Anthony Kwan/Bloomberg News

Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry- bulk shipping rates are rallying despite an escalating trade war that may yet damage China’s economy.

Alaric Nightingale | Bloomberg News
July 6, 2018
Business, Logistics

Cosco Shipping to Sell $947 Million of Orient Overseas Shares

Jasper Juinen/Bloomberg News

Cosco Shipping Holding Co. plans to sell as much as HK$7.43 billion ($947 million) of shares in Orient Overseas International as part of efforts by China’s biggest container-shipping line to maintain the listing status of the rival it is acquiring.

Kyunghee Park | Bloomberg News
July 6, 2018
Government, Business, Equipment, Fuel, Logistics

Stormy Sailing Expected When Cargo Ship Fuel Standard Changes

Hapag-Lloyd AG

A surge in demand is coming for diesel and related fuels as shipping companies close in on a deadline to reduce sulfur emissions.

Alan Kovski | Bloomberg News
June 15, 2018
Business, Technology, Logistics

Blockchain on Verge of Revolutionizing Shipping Industry

Akos Stiller/Bloomberg News

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.

Kyunghee Park | Bloomberg News
April 18, 2018
Business, Logistics

Greek Shipper Bets $1 Billion on Fuel Rule Upending World Trade

Capital Maritime & Trading Corp.

A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it.

Firat Kayakiran | Bloomberg News
December 21, 2017

UPS Says Deliveries Are Back to Normal After Shopping Surge

Daniel Acker/Bloomberg News

United Parcel Service Inc. says it’s gotten deliveries under control after a surge of online shopping caused some delays following Thanksgiving.

Michael Sasso | Bloomberg News
December 14, 2017
Business, Logistics

Shipping Costs are Surging Globally

kees torn/Flickr

The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in almost four years.

Manisha Jha and Thomas Biesheuvel | Bloomberg News
December 11, 2017