MSC Buys Bollore’s African Logistics Unit
MSC Mediterranean Shipping Co. agreed to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.3 billion) including debt.
Biden Takes on Ocean Shipping as FMC Sees Market Setting Rates
President Joe Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack both the jurisdiction and, for now, any evidence of wrongdoing.
World’s Largest Container Line Makes Play for Italian Air Carrier
Mediterranean Shipping Co. is seeking a controlling stake in new Italian flag carrier ITA Airways through a deal that would also include Deutsche Lufthansa AG.
What Can Freight Brokers Do When It’s Tough To Find Load Coverage?
Freight brokers are on the front lines of the trucking industry. They act as an intermediary between shippers and carriers, which is not an easy job.
December 1, 2021Pandemic Shopping Spree Fuels Rebound in Shipping Emissions
The pandemic-driven shopping spree is having at least one unintended consequence: Emissions from shipping are on the rise again.
The World’s Shippers Are Earning the Most Money Since 2008
The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.
Industry Group Backs Global Carbon Surcharge for Large Ships
BERLIN — The International Chamber of Shipping on Sept. 7 backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.
Goldman-Backed Exchange Raises Cash to Expand Shipping Contracts
The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15 million to expand contracts that can help protect companies’ supply chains from price hikes and other uncertainties.
WTO Says Record Global Trade in Goods Might Be Nearing a Peak
Global trade in goods might be close to plateauing — albeit at a record level — amid an outlook clouded by regional imbalances and coronavirus outbreaks that slow economic activity, the World Trade Organization said.
US Seeks to Lower Spiking Shipping Costs With Competition
The Biden administration is set to ask regulators to promote competition in the ocean shipping and rail industries after consolidation led to spikes in prices, according to a person familiar with a pending executive order.