How London can reclaim its spot as a global shipping capital November 21, 2024 London was once a global leader in maritime and shipping, it still has unique advantages that can propel it back to number one, says Adrian Beciri The vibrant activity in the City of London and Canary Wharf, now bustling post-Covid, serve as a powerful reminder of London’s historic and ongoing prowess in financial and professional [...]
Maersk: Shipping giant to relocate from Felixstowe to London Gateway November 20, 2024 Container shipping giant Maersk is to relocate from the Port of Felixstowe to London Gateway following a strategic review of its Asia to Europe services. The Danish firm said the London hub, which carries more than a quarter of the UK’s deep sea shipping cargo, was the “most optimal port” to serve its import and [...]
Insolvencies at fashion manufacturers jump on cocktail of cost pressures October 29, 2024 Insolvencies at UK fashion manufacturers have risen by nearly a quarter in the past year as a combination of supply and demand pressures has driven firms under while customers switch to pre-loved clothing. According to Forvis Mazars, the international tax and advisory firm, over 100 companies went bust in the year to July 2024, up [...]
Prestige oil spill: Insurer London P&I Club faces French and Spanish states in English court October 28, 2024 Insurer London P&I Club is facing both the French State and the Kingdom of Spain in a London court on Tuesday in a legal battle that stems over 20 years
Ocean Wilsons sells off Brazilian arm to Mediterranean Shipping Company October 21, 2024 London-listed Bermuda investment company Ocean Wilsons has sold off its Brazilian arm to Mediterranean Shipping Company (MSC) for 4.32bn Brazilian real (£590m). Wilson Sons, which is currently one of the largest port and maritime logistics operators in Brazil, is currently majority owned by Ocean Wilsons with a 56.5 per cent interest. It is also one [...]
DP World: P&O Ferries owner unveils £1bn London Gateway investment following row October 14, 2024 DP World had threatened to cancel the announcement after Transport Secretary Louise Haigh described its subsidiary as a "cowboy operator."
Why London is a ‘very positive’ story for UK shipping October 10, 2024 More than a quarter of the UK's deep sea shipping cargo travels through London Gateway port, with a ramp up in capacity expected this decade.
Braemar: Shipbroker meets expectations despite choppy geopolitical backdrop September 19, 2024 Shipbroker Braemar has traded in line with expectations and “remains confident” of the outlook for the rest of the financial year, it said in an update to investors. The London-listed firm, one of the largest shipbrokers in the UK, said it had “continued to trade well” in since the start of April, when its reporting [...]
‘Extremely frustrated and angry’: Harland & Wolff shareholders despair as buyers circle beleaguered Titanic builder September 18, 2024 The crisis at Harland & Wolff reached a head on Monday when the shipyard revealed it would likely enter administration later this week.
Lessons must be learned from the demise of Harland & Wolff September 17, 2024 Harland & Wolff on Monday declared insolvency following weeks of turmoil since the government refused to provide financial support.