British business feeling the impact of Red Sea disruption as strikes against the Houthis continue February 26, 2024 Research from the British Chamber of Commerce (BCC) showed that 55 per cent of UK exporters have been impacted by disruption of shipping to the Red Sea.
Houthi strikes: Drone and missile launch sites destroyed, Rishi Sunak tells MPs January 15, 2024 Drone and ballistic missile launch sites were destroyed in “carefully targeted” strikes by Britain and the US in Yemen last week, Rishi Sunak has told MPs.
Cameron: We’ll strike the Houthis again if attacks continue January 14, 2024 The UK is “prepared to back our words with actions”, David Cameron has said, after military action was taken against the Houthis over their attacks in the Red Sea.
After four years, supply chain issues are easing – but it’s not all smooth sailing yet December 18, 2023 Global supply chain issues have finally eased, but if there's anything we've learnt, it's not to become complacent, writes Anne Sophie Fribourg
New laws introduced to boost ship workers’ pay in bid to close P&O Ferries loophole March 24, 2023 In wake of the P&O Ferries scandal, new laws have been introduced to ensure seafarers with close links to Britain are paid the national minimum wage. The move has been taken in a bid to improve working conditions on ships after P&O Ferries decision to fire 800 of its staff last year. Shipowners will now [...]
UK losing out on £2bn a year by not taxing shipping pollution, green groups say February 6, 2023 The UK government is missing out on £2bn a year by not taxing shipping pollution, environmentalists say, if plans to extend the Emissions Trading Scheme to the sector are applied more broadly. Introduced by the UK government after Brexit, the ETS caps the amount of greenhouse gas emissions energy-intensive sectors – such as aviation and [...]
Hapag-Lloyd forecasts small increase in shipping demand towards year’s end December 13, 2022 Shipping giant Hapag-Lloyd has forecast a small and short-lived uptick in demand towards the year’s end. The world’s fifth-largest shipping company saw a decline in demand in September and October as the cost-of-living crisis weakened consumers’ appetite. “I don’t think the market is as weak as it was four or eight weeks ago,” chief executive [...]
Felixstowe: Workers reach deal and accept 8.5 per cent pay increase December 13, 2022 Workers at the port of Felixstowe have finally reached a deal and accepted an 8.5 per cent pay increase for 2023. The port said that over 90 per cent of workers agreed to the rise, which also includes an additional £1,000 lump sum. “We are pleased to have reached an agreement on the 2023 pay [...]
Maersk appoints logistics boss Vincent Clerc to top job December 12, 2022 Maersk has appointed shipping veteran Vincent Clerc to the top job as outgoing boss Soren Skou stepped down after over six years at the company’s helm. Chairman Robert M. Uggla said Clerc – who has led Maersk’s ocean and logistics branch since 2019 and will take over from Skou on 1 January – was the [...]
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 [...]