Friday, November 22

Tag: shipping

The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.
1Dec By adminNo Comments
World

The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.

Climate change may be making winters more unpredictable. It could make your winter heating bills more unpredictable too, particularly if you live at the end of long and vulnerable fuel supply chains.The price of liquefied petroleum gas, a significant U.S. export, has rocketed higher recently in Asia, a remarkable development given that crude oil prices have been falling. Prices for Brent crude, the main global benchmark, are down about $9 a barrel, or about 10%, since mid-September. But Asian propane LPG prices are lower only by 3%, data from Argus Media shows, trading around $665 per metric ton in late November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Former Norwegian Cruise Line CEO Frank Del Rio Asks $15.9 Million for Florida Home
18Nov By adminNo Comments
World

Former Norwegian Cruise Line CEO Frank Del Rio Asks $15.9 Million for Florida Home

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.Former Norwegian Cruise Line CEO Frank Del Rio is listing his Florida vacation home for $15.9 million, he said, because now that he’s retired, he’ll be too busy cruising to spend time there.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Major Australian Ports Reopen After Cyberattack Halts Operations
13Nov By adminNo Comments
World

Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 12, 2023 11:20 pm ETSYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure.Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems on Friday. Operations at the four terminals, which handle almost 40% of goods in and out of the country, resumed on Monday morning after it successfully tested key systems.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ukraine Damages Russian Cruise Missile Carrier In Latest Strike On Crimea
5Nov By adminNo Comments
World

Ukraine Damages Russian Cruise Missile Carrier In Latest Strike On Crimea

Moscow said a Ukrainian strike had damaged a Russian ship moored in occupied Crimea, the latest sign that Ukraine’s stepped-up attacks are dealing further blows to the Russian Navy. Russia’s statement came after Ukraine’s Air Force on Saturday said it had launched cruise missiles at a shipbuilding facility in Kerch, in east Crimea, that had damaged one of Russia’s most modern cruise missile carriers. The hit to the ship came as Ukraine’s top military commanders describe the battlefield situation as a stalemate.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Maersk to Cut 10,000 Jobs as Shipping-Industry Boom Ends
4Nov By adminNo Comments
World

Maersk to Cut 10,000 Jobs as Shipping-Industry Boom Ends

Updated Nov. 3, 2023 8:16 am ETShipping and logistics giant A.P. Moller-Maersk said it would cut more than 10,000 jobs, as a pandemic-fueled cargo boom has ended, leaving the industry with a surplus of ships and sharply lower freight rates. Maersk, a bellwether for global trade, saw its third-quarter profit plummet to $521 million from $8.88 billion last year. Its main Ocean division posted a quarterly loss for the first time in many years.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Panama Canal to Halve Daily Sailings This Winter Due to Drought
1Nov By adminNo Comments
World

Panama Canal to Halve Daily Sailings This Winter Due to Drought

Panama Canal officials will cut available slots for ship transits by half this winter as extreme drought leaves the man-made waterway lacking enough water.  The changes come after Panama Canal experienced its driest October on record, continuing a monthslong spell of warmer temperatures and low rainfall. Officials have already restricted traffic on the waterway, which handles around 7% of global seaborne trade.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise
31Oct By adminNo Comments
World

Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise

The collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market.XPO, ABF Freight and Saia are among the carriers reporting strong growth in pricing power, shipment volumes and other key measures during the most recent quarter in trucking’s less-than-truckload sector, a high-stakes corner of the market in which carriers combine freight from multiple customers in a single trailer. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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