Sulnox shares jump as it unveils new shipping partnership Energy Shares in greentech firm Sulnox have jumped Monday after it unveiled a new contract with a major shipping business. The Aquis-listed company, which develops lower emissions fuel technology, said its Sulnox Eco fuel was set to be adopted across the 28-strong fleet of Greek shipping business Spring Marine Group. It comes after a trial period [...]
Port of London exports boom despite tariff threats Economics The Port of London Authority (PLA), the UK’s largest port, recorded a boom in trade volumes over the second quarter of the year despite fears around President Trump’s higher global tariffs. In its first ever report on quarterly trade data, the PLA said 14m tonnes of shipments moved through the port during the period. A [...]
London shipowner looks to wind to propel green transition Transport and infrastructure A London-based private shipowner is spearheading a drive to bring wind-powered shipping to the forefront of the UK’s bid to decarbonise. Union Maritime will take delivery of a 115,000-tonne oil tanker fitted with 120ft sails later this month. It is aiming to build a fleet of up to 34 wind-assisted ships, which would be the [...]
Clarkson: Shipping giant shrugs off uncertainty to report higher profit March 10, 2025 Clarkson has reported robust preliminary results for the year ending 31 December 2024, despite a challenging global shipping environment. The company, the world’s leading provider of integrated shipping services, offers broking, financial, support, and research services to clients worldwide. It reported revenue of £661.4m, up from £639.4m in 2023. Underlying profit before taxation rose six [...]
Shipping giants face landmark cartel class action for overcharging UK motorists January 13, 2025 First follow-on cartel class action to hit a trial in the UK kicks off over allegations that shipping firms overcharged British consumers for car deliveries
Defence minister greenlights military sealift deal to secure 150 UK jobs December 20, 2024 London-based Foreland Shipping will run a seven-year contract with the Ministry of Defence, under a new deal announced on Friday.
Navantia on cusp of £70m rescue deal for Titanic shipyard Harland & Wolff December 17, 2024 Ministers are hoping to announce Harland's acquisition by the Spanish shipbuilder Navantia as early as Thursday, according to Sky News.
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 [...]