Maersk and MSC to End Global Shipping Alliance
With the world’s two biggest shipping lines now breaking up, carriers in the remaining alliances may seek new partners.
With the world’s two biggest shipping lines now breaking up, carriers in the remaining alliances may seek new partners.
The movements suggest that, despite the impending collapse in Russian cargo deliveries to the EU, the U.S. may have an even more acute supply situation.
The move follows Frontline’s decision to withdraw merger plans after opposition from one of Belgium’s oldest shipping families.
The incident involving the 225-metre Marshall Islands-registered M/V Glory had sparked fears of a repeat of a blockage in 2021.
The Philippines is seeking loans from Beijing for infrastructure projects and Marcos has called China the country’s strongest partner in pandemic recovery.
Berlin fast-tracked its first LNG import terminals by renting five floating storage and re-gasification units.
Two years of logistics logjams have burdened ocean shippers with costly increases in demurrage, detention and storage fees.
At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.
Biden has repeatedly expressed his personal affinity for Amtrak, which he used for decades to commute to and from his home outside Wilmington, Delaware.
The first date will coincide with separate strikes by teachers and as many as 100,000 civil servants who are also demanding higher pay in the face of double-digit inflation.