Shipping group hopes to conclude a deal for its yards within weeks but sees ‘no return likely for shareholders’
Danish group will become world’s largest logistics management company with acquisition of Schenker
Legal loophole means law enforcers cannot get green light from Warsaw to search vessels at sea
Growing demand forces shipowners to turn to China despite its limited experience building complex containers
Fire onboard the Greek-owned Sounion had sparked warning of an imminent ‘ecological disaster’
The Sounion has a cargo of 1mn barrels of crude and is on fire after being attacked by Houthi rebels in Yemen
US says vessel targeted by Houthis appears to be leaking crude from its 1mn-barrel cargo
Red Sea attacks lead banks such as ING and Citigroup to monitor whether safety measures are being followed
Warning from EU task force comes after Houthis claim to have struck vessel carrying 150,000 tonnes of crude
Iran-backed Houthi rebels claim responsibility for strikes on Greek-owned vessel near Yemeni port
Group needs €2.7bn to manufacture vessels whose prices were negotiated when costs were lower
Industrial action at Canadian railways and Indian ports risks compounding trade problems ahead of Christmas season
Port operator’s profits plummet 60% but group ‘confident’ second-half earnings will improve
Shipbrokers say commodities traders have grown accustomed to longer routes
A deal between the US, Canada and Finland to build icebreakers is a model for smart friendshoring
Secretary-general of International Chamber of Shipping says threat is now at its highest level since second world war
‘People would rather have Christmas goods already in the warehouse,’ says chief of container shipping group
Container shipping group forecasts higher profits for third time since May
State-backed hackers present a fresh threat to an industry that has long faced security concerns
Acquisition spree has driven up prices of older vessels as Moscow prepares for tighter trade restrictions
Western officials believe the strategy is proving effective in undermining Moscow’s ability to export crude
The longer bottlenecks last, the higher the risk of another inflationary jolt for the world
Shift in logistics forces importers to move shipments earlier in the year and drives up freight rates in the process
Red Sea attacks push up costs and put pressure on profits during critical season for trade
Also in today’s newsletter, US shareholder meetings show a mixed picture on sustainability
