Federally Funded Shipping Company GEODIS to Lay Off Over 400 Employees in New Jersey
Monroe Township, NJ – A French company with millions of dollars in U.S. government contracts is laying off hundreds of employees in New Jersey in …
Shipping
Brooklyn Man Indicted for Shipping Endangered Turtles to China
BROOKLYN, NY—A New York resident faces federal charges for his role in the illegal wildlife trade, accused of shipping protected turtles from the United States …
RICHARD MINITER: Biden Twiddles His Thumbs While Iran Closes In On Critical Shipping Lane
Iran is about to choke off America’s use of the Suez Canal, through which threads almost one-third of all global shipping-container traffic. If Iran succeeds, the supply-chain …
Rhode Island Man Admits to Shipping Fentanyl to Australia
Felix Suarez, 25, pleaded guilty to conspiracy to distribute and to possess with intent to distribute fentanyl; two counts of attempt to distribute a controlled …
Baltimore’s alternate shipping channels not deep enough, Maersk says
OSLO (Reuters) – The Baltimore port’s alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, …
Second channel opens around collapsed Baltimore bridge, but not for shipping
By Daniel Trotta (Reuters) – Recovery teams opened a second channel enabling smaller vessels to navigate the Port of Baltimore on Tuesday but most commercial …
Former employee of Greek shipping company kills 3 in shooting incident
By Alkis Konstantinidis ATHENS (Reuters) -A disgruntled former employee shot dead the head of a Greek shipping company and two others before killing himself at …
Red Sea Shipping Has Sunk Amid Missile Attacks. Here’s What That Means For Americans’ Wallets
Red Sea Shipping Has Sunk Amid Missile Attacks. Here’s What That Means For Americans’ Wallets Will Kessler on January 27, 2024 Global shipping has been …
UK and US sanction senior Houthis over Red Sea shipping attacks
LONDON/WASHINGTON (Reuters) -Britain and the United States on Thursday said they had imposed co-ordinated sanctions on four key Houthi figures for their roles in supporting …
Seafarers’ safety must be enhanced in Red Sea, shipping industry says
By Jonathan Saul LONDON (Reuters) – Countries in the Red Sea region need to enhance security to protect seafarers at risk as attacks on merchant …
U.S. sanctions UAE shipping firm for violating Russian crude oil price cap
WASHINGTON (Reuters) – The U.S. Treasury on Thursday said it imposed sanctions on a United Arab Emirates-based shipping company for violating the $60-per-barrel price cap …
US Launches New Strikes On Yemen After Houthis Continue Attacks On Shipping
US Launches New Strikes On Yemen After Houthis Continue Attacks On Shipping Micaela Burrow on January 17, 2024 The U.S. launched additional strikes on 14 …
Maersk CEO sees Red Sea shipping disruption lasting ‘at least a few months’
By Jacob Gronholt-Pedersen and Megan Davies DAVOS, Switzerland (Reuters) -Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks …
US Conducts Additional Strikes On Houthis After Attacks On Shipping Continue
US Conducts Additional Strikes On Houthis After Attacks On Shipping Continue Micaela Burrow on January 12, 2024 The U.S. conducted additional strikes on Houthi-linked targets …
China’s COSCO halts shipping to Israel -Israeli media
JERUSALEM (Reuters) – Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not …
Shipping stocks rise, biggest gainers in Europe at start of 2024
By Samuel Indyk LONDON (Reuters) – Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for …
Shipping giant Maersk prepares to resume operations in Red Sea
WASHINGTON (Reuters) – Denmark’s Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, …
US-Led Coalition To Defend Shipping Against Houthi Attacks Doesn’t Hold Water, Experts Say
US-Led Coalition To Defend Shipping Against Houthi Attacks Doesn’t Hold Water, Experts Say Micaela Burrow on December 23, 2023 A U.S.-led coalition to deter the …
Pentagon Announces Task Force To Combat Drone, Missile Attacks In Crucial Shipping Sea Lane
Pentagon Announces Task Force To Combat Drone, Missile Attacks In Crucial Shipping Sea Lane Micaela Burrow on December 18, 2023 The U.S. and allies on …
Israel shipping costs rising as lines pull out and Red Sea attacks worsen
By Jonathan Saul LONDON (Reuters) – The cost of shipping goods to Israel by sea has risen in recent days as some container lines pull …
Shipping stocks extend rally as Red Sea traffic paused
MILAN (Reuters) -Shipping stocks kept rising across Europe on Monday after A.P. Moller-Maersk and other top freight firms paused journeys through the Suez Canal following …
Red Sea shipping costs rising after Houthis target more commercial vessels
By Jonathan Saul LONDON (Reuters) – The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships …
Biden Accepts Chinese Leader’s Promise to Stop Shipping Deadly Fentanyl to U.S.
President Joe Biden recently discussed the issue of fentanyl and its impact on the United States, particularly in relation to China. In a meeting with …
Hapag Lloyd expects three tough years for shipping industry -Welt am Sonntag
BERLIN (Reuters) – The head of German shipping firm Hapag Lloyd, Rolf Habben Jansen, expects the next three years to be difficult because demand for …
Brazil shipping agents warn clients drought disrupting corn shipping on barges
By Ana Mano SAO PAULO (Reuters) – A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told …
Alaska Mayor Mulls Shipping Off Homeless To Liberal City
Alaska Mayor Mulls Shipping Off Homeless To Liberal City Brandon Poulter on August 10, 2023 Republican Anchorage Mayor Dave Bronson wants to send the city’s …
Shipping group CMA CGM braced for weaker profit before demand picks up in 2024
PARIS (Reuters) – French shipping group CMA CGM expects container freight demand to improve from next year but the group’s profits will continue to ease …
Electric Car Fires Pose Serious Risk To Shipping Industry, NYC Ports and Workers
NEWARK, NJ – This year, Port Newark became fully aware of the dangers of shipping cars with lithium-ion batteries when a container ship caught fire …
White House: Russia may attack civilian shipping in Black Sea
WASHINGTON (Reuters) – The White House warned on Wednesday that Russia may expand its targeting of Ukrainian grain facilities to include attacks against civilian shipping …
Key US Allies Break With Biden Over Shipping Cluster Bombs To Ukraine
Key US Allies Break With Biden Over Shipping Cluster Bombs To Ukraine Nick Pope on July 8, 2023 Political leaders from Spain and the United …
Expecting A Package? One Of America’s Shipping Giants Could Grind To A Halt In Just Days
Expecting A Package? One Of America’s Shipping Giants Could Grind To A Halt In Just Days Will Kessler on July 2, 2023 Labor union giant …
Fashion industry driving demand for green shipping, Maersk says
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the …
China COSCO SHIPPING subsidiary climbs on German nod of port terminal deal
(Reuters) – Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it …
Japan’s MUFG sets emissions targets for real estate, shipping, steel
By David Dolan and Simon Jessop TOKYO (Reuters) – Japan’s Mitsubishi UFJ Financial Group on Tuesday laid out emissions-cutting targets for lending to the real …
Yellen: Inflation likely to come down on lower supply chain pressures, shipping costs
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that supply chain pressures and shipping costs were coming down and were eventually likely …
As US importers liquidate and destroy unsold goods, ports eye shipping turnaround
By Lisa Baertlein LOS ANGELES (Reuters) – The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since …
Shipping industry grapples with ways to cut cargo fires at sea
LONDON (Reuters) – Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in …
Union County man caught shipping fentanyl from Mexico City
UNION CITY, NJ – A Union County man has admitted to having large quantities of fentanyl shipped to New Jersey from Mexico after U.S. Customs …
Greece bails Bulgarian accused by U.S. of shipping computer chips to Russia
ATHENS/SOFIA (Reuters) – A 49-year-old Bulgarian arrested by police in northern Greece in December following a U.S. warrant has been released on bail pending a …
South32 sees shipping delays tying up cash in inventory
MELBOURNE (Reuters) – Australian diversified miner South32 Ltd on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had …
China’s COSCO SHIPPING Holdings to pay over $800 million for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG (Reuters) – China’s COSCO SHIPPING Holdings has agreed to pay 5.5 billion yuan ($814 million) to buy a 5.8% stake in COFCO Fortune, …
New Jersey shipping company admits employee overbilled U.S. government for military freight
A New Jersey shipping company based out of Edison, New Jersey has agreed to pay $1.89 million to settle allegations that it overbilled the United …
Hapag-Lloyd CEO sees bounce in shipping demand as short-lived
FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday …
St. Paul Felon Sentenced to 240 Months for Shipping Drugs into Minnesota Correctional Facilities
MINNEAPOLIS – A St. Paul man has been sentenced to 240 months in prison, followed by five years of supervised release, for distribution of a …
Florida Man Sentenced To More Than 10 Years In Federal Prison For Shipping Himself Over 18 Pounds Of Methamphetamine
Tampa, Florida – U.S. District Judge Virginia M. Hernandez Covington has sentenced Jason Ryan Hardy (40, Tarpon Springs) to 10 years and 10 months in …
Global shipping growth at risk from economic gloom, UNCTAD says
By Jonathan Saul LONDON (Reuters) – The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine …
Ivory Coast completes second shipping container terminal
By Loucoumane Coulibaly ABIDJAN (Reuters) – Ivory Coast has completed construction of a second container terminal at its main port in Abidjan, paving the way …
France’s CMA CGM sees profits ebbing as shipping boom fades
PARIS (Reuters) -CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging …
COSCO Shipping says to buy $2.7 billion port assets from parent, in $2.9 billion ship building deal
(Reuters) – COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion …
U.S. corn, soy exports lag normal autumn pace amid river shipping woes
By Karl Plume (Reuters) – U.S. soybean exports are trailing their normal autumn pace despite rising supplies from an accelerating harvest, as low river levels …