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June 9, 2021

SHIPPING

Illinois craft brewers fight for direct-to-consumer shipping rights

WashingtonExaminer
USA TODAY – For more and to sign up click here Kevin Bessler, The Center Square Illinois craft breweries trying to survive the COVID-19 pandemic will get new privileges following action by the Illinois legislature. The industry was pushing for passage of the Brewers Economic and Equity Relief Act, or......

30 Amazing-Looking Houses Built From Recycled Shipping Containers

IA
Everybody deserves a home. And if that home is very affordable, made from recycled materials, and looks unique, that’s even more of a reason to move in! And don’t let the fact that you’ll be living in a shipping container get you down—that’s part of the appeal for some people.......

Second Life for Shipping Containers: Selling Bao Buns and Baked Goods

New York Times
To drum up publicity for his downtown Indianapolis food hall, Craig Baker posted photos of orange, turquoise and hot pink shipping containers on Instagram. They might seem like an odd way to promote a food emporium and culinary incubator, but the steel boxes piqued locals’ curiosity. “They’re very much like......

Pfizer to start shipping coronavirus vaccine to Canada

Reuters
A person walks past a Pfizer logo amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 1, 2021. REUTERS/Carlo Allegri Pfizer Inc (PFE.N) will next week start supplying Canada with COVID-19 vaccine made in its U.S. plant, a senior official said......

Climate change: Shipping industry calls for new global carbon tax

BBC
https://www.bbc.co.uk/news/business-56835352 Professor McKinnon, one of the authors of a 2014 report by the Intergovernmental Panel on Climate Change (IPCC), said: “Although the proportion of the world’s fleet of cargo vessels registered in the US is relatively small, the country can help to drive down the carbon intensity of global shipping......

U.S. to join effort to curb climate-warming emissions from shipping -Kerry

Reuters
The United States will join an effort by the International Maritime Organization (IMO) to achieve net zero emissions by 2050 in the global shipping industry, climate envoy John Kerry announced on Tuesday ahead of a climate leaders summit President Joe Biden will host this week. “I want to announce that......

As China builds islands, Biden WH must assert itself in vital shipping artery

NYPost
Dean Cheng As the Biden administration strives to reinforce ties with key Asian allies from India to Japan, tensions in the South China Sea region are again on the rise. Both the Philippines and Vietnam have expressed concern as hundreds of Chinese fishing boats congregate near Whitsun Reef in the......

Suez canal ends shipping backlog: statement

Reuters
CAIRO (Reuters) – Suez Canal Authority (SCA) said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal by Saturday, ending the backlog caused by the blockage. Reporting by Moamen Said Atallah; writing by Mahmoud Mourad; editing by John Stonestreet Source......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Shipping restarts at Suez Canal after ship refloated- sources, agency

Reuters
ISMAILIA, Egypt March 29 (Reuters) – Shipping is on the move again in the Suez Canal after a container ship that had blocked the waterway for nearly a week was refloated, two marine sources and a shipping agency said on Monday. A marine source said ships were travelling southwards towards......

Suez Canal blockage could cause problems for the globe: Here’s what you need to know

CNBC
CNBC – For more and to sign up click here Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 25, 2021. Suez Canal Authority | Reuters The behemoth cargo ship stuck in the Suez Canal and......

FedEx is named top pick at Barclays, but another transports stock looks set to break out, trader says

CNBC
CNBC – For more and to sign up click here FedEx is taking an exciting ride. Shares of the shipping giant closed half of 1% higher on Wednesday after Barclays named the stock its top pick among the transports. The analysts cited the company’s “exceptional growth,” fueled in large part......

Satellite imagery shows mega container ship blocking Egypt’s Suez Canal

CNBC
CNBC – For more and to sign up click here Satellite imagery captured on March 23, 2021 shows the cargo container ship Ever Given blocking the Suez Canal in Egypt. Planet Labs Satellite imagery gives another perspective on the developing situation in Egypt’s Suez Canal, where a mega cargo container......

Nike set to overcome short-term shipping woes, most analysts say

Reuters
(Reuters) – The supply chain hiccups that dented Nike Inc’s third quarter sales are mostly behind them, analysts said on Friday, after executives said the sporting goods giant had adjusted inventories and other areas to avoid a recurrence. FILE PHOTO: The Nike swoosh logo is seen outside the store on......

FedEx earnings beat estimates on ‘unprecedented’ holiday shipping season

CNBC
CNBC – For more and to sign up click here Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx on Thursday reported better-than-expected profits and revenues in its most recent......

Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge

CNBC
CNBC – For more and to sign up click here Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate......

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

CNBC
CNBC – For more and to sign up click here The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby......

Container shipping locked in a ‘significant bottleneck’ as demand surges back

CNBC
CNBC – For more and to sign up click here Maersk containers onboard the container ship Hammonia Husum, as it leaves Portsmouth harbour. (Photo by Andrew Matthews/PA Images via Getty Images) Andrew Matthews | PA Images | Getty Images Container shipping firms are locked in a “significant bottleneck” as resurgent......

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