Nik Delmeire, the newly appointed secretary general of the European Shippers' Council (ESC), has said it is time for businesses to measure, monitor and reduce emissions by freight transport. At the same time, the new European Commission should reduce existing trade barriers in the European Union. "Together these innovations can spur economic growth and create jobs," says Delmeire.
The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study.
Carriers can still make money despite falling freight rates, according to Drewry's latest Container Annual Review & Forecast 2014/15. Surprisingly, some medium-sized lines retain unit cost advantages.
Denmark's A.P. Moller-Maersk said it would invest billions of dollars in new ships, reap hundreds of millions in savings and announced valuable contracts for its drilling rigs.
A vote for independence from the UK would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by international accountant and shipping adviser Moore Stephens.
The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the "next playground for hackers."
Reefer capacity on the containership fleet is expected to increase by 22 percent over the next five years, at the expense of a declining specialized reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast.
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion-dollar project to expand trade along the fastest shipping route between Europe and Asia.
Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organization TSA said on Wednesday.
