Shipping
The seizure by Iranian forces of a Portuguese-flagged container ship as it left the Persian Gulf has prompted global shipping companies to demand the United Nations provide increased military protection, with shippers already having been forced to take lengthy detours to maintain European trade flows amid the intensifying conflict in the wider region. Iranian Revolutionary Guards in the Strait of Hormuz seized the MSC Aries on Saturday morning (13 April), increasing unease within a shipping industry that has found itself in the crossfire of tit-for-tat hostilities in the Middle East, and promp...
Euronews (English)
The collapse of the Francis Scott Key Bridge in Baltimore, US, due to a container ship collision, has led to increased worries about worldwide supply chain disruptions. The ship, called the Dali, is estimated to have experienced a power issue shortly before the accident, which took place on Tuesday morning. The Francis Scott Key Bridge lies across the entrance to the Port of Baltimore, which is a crucial port for automobile exports in the US. The port saw more than 47 million tonnes of foreign cargo in 2023. Marco Forgione, director general at The Institute of Export and International Trade, a...
Euronews (English)
Environment ministers have broadly contested the inclusion of maritime transport in EU rules to counter microplastic pollution, arguing during an Environment Council meeting that unilateral European action would have limited impact and the International Maritime Organisation (IMO) should take the lead. Cyprus, Czech Republic, Finland, Germany, Greece, Italy, Latvia, Poland and Slovenia are among the member states which on Monday (March 25) have been vocal against the inclusion of maritime transport in the European Commission proposal to reduce microplastic pollution from industrial pellet loss...
Euronews (English)
The transport of freight along Germany's large inland waterways network continued its long-term decline last year, when 172 million tons were shipped, the Federal Statistical Office (Destatis) reported on Monday. The figure in 2022 was 10 million tons higher, largely as a result of increased shipping of coal used for generating electricity. Freight transport on the inland waterways has fallen by 25.9% since 1990, the year of German reunification, even though total economic output has risen. Compared with 2019, the year before the coronavirus pandemic, the decline up to last year was 16.3%. In ...
DPA International
The transport of freight along Germany's large inland waterways network continued its long-term decline last year, when 172 million tons were shipped, the Federal Statistical Office (Destatis) reported on Monday. The figure in 2022 was 10 million tons higher, largely as a result of increased shipping of coal used for generating electricity. Freight transport on the inland waterways has fallen by 25.9% since 1990, the year of German reunification, even though total economic output has risen. Compared with 2019, the year before the coronavirus pandemic, the decline up to last year was 16.3%. In ...
DPA
The transport of freight along Germany's large inland waterways network continued its long-term decline last year, when 172 million tons were shipped, the Federal Statistical Office (Destatis) reported on Monday. The figure in 2022 was 10 million tons higher, largely as a result of increased shipping of coal used for generating electricity. Freight transport on the inland waterways has fallen by 25.9% since 1990, the year of German reunification, even though total economic output has risen. Compared with 2019, the year before the coronavirus pandemic, the decline up to last year was 16.3%. In ...
DPA Breaking News
Transport alone is set to make up almost half of Europe’s greenhouse gas emissions in 2030, a new analysis from campaign group Transport & Environment (T&E) has found. Emissions from transport across the continent have increased by more than a quarter since 1990 despite overall emissions being in decline. Since its peak in 2007, transport has been decarbonising more than three times slower than the rest of the economy, T&E found. “The good news is transport emissions in Europe have peaked. The bad news is other sectors are decarbonising three times faster,” says William Todts, executive direct...
Euronews (English)
Container shipping through the Red Sea and Suez Canal has declined again in response to the conflict in the Middle East, after recovering to some extent, a German economic think tank reported on Monday. Around 40 container ships are continuing to use the route - which connects Europe to Asia - every day, down from considerably more than 100 a year ago, the Kiel Institute for the World Economy reported in its Trade Indicator. After falling to a low in mid-January as a result of attacks mounted by Yemen's Houthi rebels on commercial vessels in the Red Sea, the number rose to around 50, but has n...
DPA Breaking News
Washington (AFP) - Operatives from Iran and its Lebanese ally Hezbollah are working inside Yemen to support Huthi insurgents' attacks on international shipping, a US official said Tuesday. Tim Lenderking, the US special envoy for Yemen, told a Senate subcommittee that Iran's clerical state was "equipping and facilitating" the Huthi attacks, which have triggered retaliatory US and British strikes on Yemen. "Credible public reports suggest a significant number of Iranian and Lebanese Hezbollah operatives are supporting Huthi attacks from inside Yemen," Lenderking said. "I can't imagine the Yemen...
AFP
Fewer goods passed through Germany's Port of Hamburg last year, with turnover down by 4.7% compared to the previous year, the operator said on Tuesday. A total of 114.3 million tons of cargo were handled at the port in 2023, according to Axel Mattern, head of Port of Hamburg marketing. Imports accounted for 65.6 million tons, while exports amounted to 48.6 million tons, Mattern said. "We have another particularly challenging year behind us in 2023," he said. The port continued to see the impact of "slowing momentum in global trade" as well as "reduced demand in all of the Port of Hamburg's key...
DPA Breaking News
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