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September 17, 2021

SHIPPING

Fewer deals and shipping delays: Here are some early predictions for the holiday season

CNBC
CNBC – For more and to sign up click here A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images Shoppers have shown an eagerness to spend on new clothes, electronics and jewelry, in......

Amazon is now shipping cargo for outside customers in its latest move to compete with FedEx and UPS

CNBC
CNBC – For more and to sign up click here Amazon is on a spending spree to grow its shipping business and isn’t content with only delivering products purchased on its own site. The company is now moving cargo for outside customers in its latest move to compete directly with......

Walmart aims to hire 20,000 supply chain employees as it ramps up for the holiday season

CNBC
CNBC – For more and to sign up click here A shopper loads items into a vehicle outside a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart said Wednesday it plans to hire 20,000 employees to help......

US shipping 2.2 million Pfizer Covid-19 vaccine doses to South Africa

CNN
USA TODAY – For more and to sign up click here The 2,217,150 doses are being donated through the global vaccination program Covid-19 Vaccines Global Access, or COVAX, the official said. Cumulatively, the US will have donated nearly 8 million Covid-19 vaccine doses to South Africa. These latest doses are......

Supply-chain delays and skyrocketing shipping costs hit Cort furniture leasing company hard

CNBC
CNBC – For more and to sign up click here Containers are transferred from a truck to cargo ship at the international cargo terminal of a port in Hai Phong city on August 12, 2019. Nhac Nguyen | AFP | Getty Images Furniture rental company Cort is jumping through hoops......

China’s zero-Covid policy is so strict that it shut down a whole shipping terminal after just one case

CNBC
CNBC – For more and to sign up click here Heavy cranes at Ningbo Harbor in China. Philiphotographer | iStock | Getty Images China has shut down a key terminal at its Ningbo-Zhoushan port, the third busiest port in the world, after one worker was found to be infected by......

The world’s largest container shipping firm posts soaring second-quarter earnings

CNBC
CNBC – For more and to sign up click here A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue......

Another shipping crisis strikes, threatening delays to Black Friday shopping

CNBC
CNBC – For more and to sign up click here TOPSHOT – Aerial view shows an area completely destroyed by the floods in the Blessem district of Erftstadt, western Germany, on July 16, 2021. SEBASTIEN BOZON | AFP | Getty Images The 2021 holiday shopping season could be marred by......

Shipping prices may be heading higher but are ‘not super yet,’ analysts say

CNBC
CNBC – For more and to sign up click here A ship unloader unloads iron ore at a dock in Suzhou, Jiangsu province, China, April 6, 2021. Costfoto | Barcroft Media | Getty Images Shipping rates may be rising, but they are “not super yet,” according to one analyst. Dry......

Global shipping industry disrupted again, this time by floods in Europe and China

CNBC
CNBC – For more and to sign up click here The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday.  “Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin......

Shipping industry seeks to combat dark oil transfers at sea

Reuters
An oil tanker is seen in the sea east of Caracas in this 2003 file photo. REUTERS/Jorge Silva//File Photo Rise in volume of oil transfers by countries hit by sanctions Top oil shipping companies concerned over fake documentation LONDON/MEXICO CITY, July 13 (Reuters) – Top oil shipping companies say they......

The world’s largest carbon market is set for a historic revamp. Europe’s shipowners are concerned

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CNBC – For more and to sign up click here The container ship Maersk Murcia sits moored to a terminal in the port of Gothenburg, a busy shipping centre on the west coast of Sweden, as cargo is loaded onto it by crane before it sets sail on August 24,......

Biden seeking to boost rail, sea shipping competition -White House

Reuters
WASHINGTON, July 8 (Reuters) – President Joe Biden will soon order U.S. transportation agencies to crack down on anti-competitive conduct and unjust fees in the rail and sea shipping industries to try to lower costs to consumers, the White House said on Thursday. It said his executive order is aimed......

EU drafts plan to tighten carbon market, expand it to shipping, cars, heating

Reuters
A cargo ship is moored at the Piraeus Container Terminal, near Athens, Greece, September 20, 2017. REUTERS/Alkis Konstantinidis/File Photo BRUSSELS, June 30 (Reuters) – The European Union wants to overhaul its carbon market to cut planet-warming emissions faster and put a price on pollution from shipping, road transport and heating......

Flexport CEO says resolving global shipping delays ‘may take a while’

CNBC
CNBC – For more and to sign up click here Flexport CEO Ryan Petersen told CNBC on Friday there’s no single fix to resolve the shipping delays that have disrupted the global economy. That’s because one key reason they are happening — consumers buying more physical products during the Covid......

Toy companies are keeping an eye on China shipping delays as key holiday season nears

CNBC
CNBC – For more and to sign up click here A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania, November 20, 2020. Mark Makela | Reuters There may be fewer boxes under the tree this......

Ford begins shipping new Bronco SUVs for consumers

CNBC
CNBC – For more and to sign up click here Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Bronco SUVs are rolling off a Michigan assembly line and shipping to dealers for the first time in roughly 25 years,......

Another shipping crisis looms on Covid fears in southern China

CNBC
CNBC – For more and to sign up click here Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. – Mark Ralston | AFP |......

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