And the longer bottlenecks last the higher the risk for 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
Presidential rivals’ protectionist plans will also pile pressure on struggling logistics sector
Move by CEO of Red Box Energy Services comes after company was designated by US Treasury
The Liberian-flagged dry bulk carrier is taking on water and no longer under the command of its crew
Chief Lars Barstad says any Gaza ceasefire would not immediately restore shipping
New study warns that up to $286bn in value is at risk in the fossil fuel shipping sector
Container shipping group raises financial guidance for second time in just over a month
Western allies step up strikes aimed at deterring Iranian-backed militants from attacks on shipping
Pirate attacks, Middle East instability and drought are causing disruption and congestion at the world’s ports
Companies prepare to ship goods for festive season early as attacks by Yemen’s Houthis force ships to take longer route
Operators who bought or ordered enough tankers early enough have found their own gushers
Back to the future
Peter Hebblethwaite says shipping company regrets laying off 800 sailors in 2022 but that decision was legal
US president’s investigation into Chinese maritime industrial supremacy could lead to new port fees
Annual rainfall in 2023 was down by about a quarter compared to normal levels, researchers said
Insurers are starting to pay up for the collapse of the Key Bridge in March
Shipping group raises forecast on higher volumes but fears new vessels from competitors will lead to overcapacity
Attacks on Moscow’s warships have helped to establish an export corridor that could boost Kyiv’s war effort
Maritime experts see new round of threats from Yemen after drone strike on container vessel
Warning from head of Wallenius Wilhelmsen comes as shipping capacity set to increase by 42% in three years
Operators say ports severely congested because of Red Sea disruptions
Shipowners pay for advice and armed guards as navies unable to fully protect vessels from pirates and Houthi attacks
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