Category: Shipping
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Direct shipping to Israel could resume soon
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The vehicle industry in Israel is preparing to resume direct charging of vehicles to Israeli ports from East Asia via the Suez Canal and the Red Sea instead of Africa. This provides a ceasefire in Gaza and is investigating security stability in the region. Industry sources estimate that in the…
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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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US dockworkers strike, halting half the nation’s ocean shipping By Reuters
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By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) – Port workers on the U.S. East Coast and Gulf Coast began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the nation’s shipping, after negotiations for a new labor contract collapsed over wages.…
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Hapag-Lloyd CEO sees solid shipping demand driving up freight rates By Reuters
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FRANKFURT (Reuters) – Strong demand for container shipping has pushed freight rates higher in the past two months, Hapag-Lloyd Chief Executive Rolf Habben Jansen said on a call with reporters on Wednesday. He said attacks on ships by Yemen-based Houthi militants had prompted shipping companies to avoid the Red Sea,…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Wellborn Capital buys 45% stake in shipping co BHM
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Wellborn Capital, an investment firm owned by Tzvika Sobel and part of the Morris Kahn family, is investing about NIS 10 million in Israeli shipping company BHM for a 45% stake. The investment will be implemented through the allocation of new shares in order to inject capital to support the…
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Growing armada shipping sanctioned oil burns dirty fuel in a setback for clean-up efforts By Reuters
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Written by Jonathan Saul LONDON (Reuters) – The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hampering industry efforts to use cleaner fuels to cut shipping emissions, according to shipping data and sources. The global shipping industry is…
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US Postal Service wants 25% price hike for high-volume package shipping By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service said on Friday it is seeking an average 25% price increase for high-volume shippers to enter packages for regional delivery through its Parcel Select service. The price hike, which will take effect on July 14 and must be approved…