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Shipping

All articles tagged with #shipping

ZIM to be sold for $4.2B to German-Israeli partners, drawing domestic opposition
business-and-innovation12 days ago

ZIM to be sold for $4.2B to German-Israeli partners, drawing domestic opposition

Israel's ZIM will be sold for about $4.2 billion to a German-Israeli partnership of Hapag-Lloyd and FIMI Opportunity Funds, with Hapag-Lloyd running international operations and FIMI Israeli assets. The deal, approved by ZIM’s board, aims to bypass the government’s golden share but faces pushback from workers, politicians and Haifa officials who warn it could threaten Israel’s economy and security.

EU Expands Oil Sanctions, Bans Maritime Services for Russian Crude
world21 days ago

EU Expands Oil Sanctions, Bans Maritime Services for Russian Crude

The European Commission proposed its broadest sanctions package yet on Russian crude, banning European firms from providing shipping, insurance, financing and other maritime services for Russian oil at any price. The plan would also widen Moscow’s shadow fleet sanctions (adding dozens of vessels to the blacklist) and tighten import bans on metals, chemicals and minerals. European Commission President Ursula von der Leyen says the measures will raise the cost and risk of selling Russian oil and push Moscow toward peace talks, as the US tightens enforcement on related fronts. While unlikely to halt flows entirely, the package would push more oil into high-friction channels, increasing logistics complexity and shrinking margins; EU unanimity on the measures remains a hurdle.

Ice Melt Unlocks Shorter Global Trade Routes in the Arctic
world26 days ago

Ice Melt Unlocks Shorter Global Trade Routes in the Arctic

Rapid Arctic warming is opening significant shortcuts for global trade: Arctic shipping has risen 37% over the past decade, and 2025 alone saw the Greenland ice sheet shrink by 129 billion metric tons while the Arctic’s minimal ice extent fell about 39% since 1980. Key routes like the Northern Sea Route and Northwest Passage are shortening distances—2025 China–Europe transit took about 20 days (7,850 nautical miles) compared with the Suez route’s ~27 days (11,167 nautical miles)—and the proposed Transpolar Route could become viable by 2059, boosting navigable seasons and geopolitics around Russia and others. The visualization aggregates data from NASA, World Bank, NOAA, and ArcData.

Iran’s Hormuz Threat: Could a Strait Closure Reshape Global Markets?
world1 month ago

Iran’s Hormuz Threat: Could a Strait Closure Reshape Global Markets?

A 19FortyFive piece argues Iran has used the threat of closing the Strait of Hormuz as a coercive bargaining tool. It notes that while a full, sustained closure is unlikely given U.S. and allied naval superiority, even intermittent disruption could raise insurance costs, disrupt routes, and push global oil prices higher. Iran’s asymmetric toolkit—mines, drones, missiles, fast boats—could cause episodic traffic halts, but maintaining long-term denial would be difficult. The likely global response would involve a U.S.-led naval surge, mine countermeasures, coalition involvement, and potential strategic oil reserve releases, with the broader takeaway that Hormuz is a critical leverage point that could hurt both sides and trigger economic spillovers.

UPS Q3 2025 Earnings Preview and Investor Outlook
business4 months ago

UPS Q3 2025 Earnings Preview and Investor Outlook

UPS reported better-than-expected third-quarter earnings of $1.74 per share on $21.4 billion in sales, leading to a 14% premarket stock increase, despite ongoing challenges from lower volumes and higher costs. The company's stock has declined significantly this year, with a high dividend yield signaling investor concern about future cuts. Analysts have adjusted their earnings estimates downward for 2026 due to ongoing volume challenges, but the stock remains a focus of investor attention amid a challenging shipping environment.

iPhone 17 and Air Launch: Early Shipping and Positive Reviews
technology5 months ago

iPhone 17 and Air Launch: Early Shipping and Positive Reviews

Apple has begun shipping the first pre-orders of the iPhone 17, iPhone 17 Pro, Pro Max, and iPhone Air, with some customers seeing their orders marked as 'Shipped' ahead of the official release date on September 19. Customers can check their order status for updates, and even if not yet shipped, their devices are likely on the way. Apple often updates shipping statuses close to the release date, and delivery may occur earlier than expected.