Shipping sector’s growth to slow down due to global economic woes November 29, 2022 The shipping sector’s growth is set to slow down next year as global economic and geopolitical woes impact trading. According to research published today by UN agency UNCTAD, the industry’s expected growth will slump to 1.4 per cent this year – 1.8 per cent down on 2021 levels. While for the wider 2023-2027 period, trade [...]
Global Ports expects 2023 passenger volumes above pre-pandemic levels October 17, 2022 Global Ports is expecting 11 million passengers to embark on its cruises next year, well above pre-pandemic levels. The cruise port operator announced today it was expecting 4,538 cruise call reservations from January to December 2023, 26 per cent up on pre-pandemic levels. The company – which has a presence in the Mediterranean as well [...]
Trevelyan commits to deliver reforms post P&O scandal October 13, 2022 Transport secretary Anne-Marie Trevelyan has committed to deliver reforms that will prevent scandals such as P&O from happening again. “I look forward to continuing to extend the work that my predecessor set running to build that relationship, to improve the workplace environment for our seafarers and to ensure that terrible decisions taken by P&O cannot [...]
Brittany Ferries calls on Govt to ‘refocus’ and improve seafarers’ conditions October 5, 2022 Brittany Ferries’ chief executive Christophe Mathieu has called on the UK Government to “refocus” its attention to improving conditions for those working in the Channel. “We welcomed former transport secretary Grant Shapps’ determination to drive up standards in the ferry sector and to set minimum wage requirements for ferry workers,” Mathieu said. “Now we urge [...]
Shipping titan CMA CGM creates £1.3bn fund to accelerate net-zero September 4, 2022 Shipping titan CMA CGM has created a $1.5bn (£1.3bn) energy fund to accelerate its transition to net-zero. “In the face of the climate emergency it is our duty to do more and accelerate our actions,” said chief executive Rodolphe Saade. The five-year fund will support the industrial production of renewable fuels as well as low-emission [...]
Braemar boasts of strong trading after boost in full-year profits August 30, 2022 Braemar has reported a hefty boost in profits, powered by a strong order book, as it looks to massively expand its operations.
Felixstowe dock workers begin eight-day strike over pay August 21, 2022 Dock workers gathered at a picket line at the UK’s largest port today as they commenced their first of eight days of planned strike action. Around 1,900 members of Unite at Felixstowe began their walk out today in a dispute over pay. It is the first strike to hit the port since 1989. The Felixstowe [...]
Shipping services provider Clarksons posts buoyant profit after ‘supply shortage’ in global fleet August 8, 2022 Shipping services provider Clarkson has posted a profit boost for the first six months of the year, with underlying profit before tax sitting at £42.2m. The London-listed firm saw underlying profit before tax rise some 53.5 per cent in the period. The shipping firm posted £266.7m in revenue for the six months to 30 June, [...]
MOD awards £55m contract to Titanic shipyard Harland & Wolff July 14, 2022 The Ministry of Defence (MOD) has awarded a £55m contract to a shipyard in Devon operated by Harland & Wolff, the Belfast group famous for building the Titanic. The company said this was a “watershed moment,” the Telegraph first reported. As part of the contract, the shipyard will refurbish an old Royal Navy mine hunter, [...]
P&O and DFDS to address competition concerns following CMA investigation June 13, 2022 Ferry operators P&O and DFDS will address concerns over their capacity-sharing agreement after the Competition and Markets Authority (CMA) launched an investigation. Under the agreement signed in May 2021, cargo customers on the Dover to Calais route can board the next available ship, regardless of who operates it. After it launched an inquiry in November [...]