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EXCLUSIVE Boris Johnson signals UK’s willingness to demine, help export grain from Ukraine

Reuters
KIGALI, June 23 (Reuters) – Prime Minister Boris Johnson said on Thursday Britain was willing to assist with demining operations off Ukraine’s southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country. Russia’s Feb. 24 invasion of Ukraine and blockade......

Sovcomflot fleet fully covered by Russian insurers, CEO says

Reuters
A flag depicting the logo of the Russian state-owned shipping conglomerate Sovcomflot, flies outside the company’s hearquarters in St. Petersburg, Russia, May 17, 2017. REUTERS/Anton Vaganov/File Photo Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – RRussia’s state-run Sovcomflot has insured all its cargo ships with......

Biden signs ocean shipping bill in bid to reduce export backlogs

Reuters
WASHINGTON, June 16 (Reuters) – President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had “promised......

Shipping giant CMA CGM sees uncertain outlook as earnings surge again

Reuters
The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Register now for FREE unlimited access to Reuters.com Register PARIS, June 3 (Reuters) – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite......

Russian oil’s Achilles’ heel: insurance

Reuters
LONDON/NEW DELHI/TOKYO, May 25 (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers from Europe and......

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

Swiss Re, UBS among founding buyers in carbon removal scheme

Reuters
LONDON, May 23 (Reuters) – Insurance firm Swiss Re (SRENH.S) and banking giant UBS (UBSG.S) are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions......

U.S. importers turn to prayer and the President as West Coast port labor talks begin

Reuters
Crude tankers are shown at the port of Long Beach, California, U.S., March 8, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, May 10 (Reuters) – For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and......

Maersk says shipping boom will stabilise in H2, revises up profit guidance

Reuters
COPENHAGEN, April 26 (Reuters) – Shipping group Maersk (MAERSKb.CO), often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of the year, even as it raised full-year guidance driven by high container freight rates. The shipping industry has seen record......

Biden bans Russian ships from U.S. ports over Ukraine invasion

Reuters
U.S. President Joe Biden speaks to guests after delivering remarks on administration efforts to strengthen national supply chains and increase the number of truck drivers, at the White House in Washington, U.S., April 4, 2022. REUTERS/Leah Millis/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 21......

Vopak quarterly earnings show balanced portfolio, boost shares

Reuters
A model of 3D printed oil barrels are seen in front of displayed Vopak logo in this illustration taken December 1, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Q1 net profit 74.7 mln euros beats 69.9 mln consensus forecast To continue operating terminals in Australia......

Analysis: China’s widening COVID curbs threaten global supply chain paralysis

Reuters
A worker in a protective suit walks at an entrance to a tunnel leading to the Pudong area across the Huangpu river, after restrictions on highway traffic amid the lockdown to contain the spread of the coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS/Aly Song TPX IMAGES OF......

Foreign ship sinks in Mariupol after missile attacks, says flag registry

Reuters
LONDON, April 5 (Reuters) – A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by Russian missile strikes, the vessel’s flag registry said. The Azburg was believed to have been without cargo and at berth in Mariupol when it was......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

Maersk curbs Belarus cargo due to Ukraine sanctions

Reuters
A cargo ship boat model is pictured in front of the Maersk logo in this illustration taken March 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register OSLO, March 4 (Reuters) – Shipping and logistics group Maersk will sharply curtail its transport of goods to Belarus......

Apple, Ford, other big US brands join corporate wave shunning Russia

Reuters
Apple stops Russia sales, makes some app changes ESG investors support company action Rouble hits new low March 2 (Reuters) – Some of America’s best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers......

Shipping giant Maersk steers clear of Russia as Western net tightens

Reuters
West imposes unprecedented sanctions after Ukraine invasion TotalEnergies says no capital for new projects in Russia Russia’s stock market “uninvestable” – MSCI executive March 1 (Reuters) – Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine......

Maersk considers suspending container shipments to Russia

Reuters
Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. REUTERS/Amr Abdallah Dalsh Register now for FREE unlimited access to Reuters.com Register COPENHAGEN, Feb 28 (Reuters) – Shipping group Maersk (MAERSKb.CO) said on Monday it was considering suspending all container bookings......

Companies shut Ukraine operations, assess impact of sanctions on Russia

Reuters
Backers of Nord Stream 2 pipeline from Russia knocked Wizz Air works to evacuate crews Britain’s Lloyds Bank on lookout for cyberattacks Jet engine makers have been ramping up titanium supplies Feb 25 (Reuters) – Brewer Carlsberg (CARLb.CO), Japan Tobacco (2914.T) and a Coca-Cola bottler were among firms shutting factories......

Ukraine shuts ports as conflict threatens grain supplies

Reuters
Russian Navy vessels are anchored in a bay of the Black Sea port of Sevastopol in Crimea May 8, 2014. REUTERS/Stringer/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW/KYIV, Feb 24 (Reuters) – Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the......

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