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Top related persons:
Biden - 2 CNN — - 1 IRNA - 1 “ - 1 Eyal Ofer - 1 Joe Biden - 1 Daniel Hagari - 1 Israel - 1
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Mediterranean Shipping Company - 4 CNN - 2 Navy - 2 United - 2 MSC - 2 Maersk - 2 National Retail Federation - 2 Nike - 2

Search resuls for: "Mediterranean Shipping Company"


9 mentions found


☆ Iranian navy seizes Israel-linked container ship amid escalating tensions in Middle East
  + stars: | 2024-04-13 | by ( Adam Pourahmadi | Catherine Nicholls | ) edition.cnn.com   time to read: +2 min
Mediterranean Shipping Company (MSC) has confirmed the seizure, saying there are 25 crew on board. Portugal’s government said that it was in touch with the Iranian authorities. The Strait of Hormuz, at the northern end of the Gulf of Oman, is the biggest oil chokepoint in the world. The United Kingdom’s Foreign Secretary, David Cameron, wrote on social media platform X that he had spoken with Israeli war cabinet minister Benny Gantz. The two discussed their “shared concerns about Iranian threats to attack Israel,” Cameron wrote, adding that “further escalation in the region is in no-one’s interest and risks further loss of civilian life.”
Persons: CNN —, IRNA, “, Eyal Ofer, Joe Biden, Daniel Hagari, Israel, David Cameron, Benny Gantz, ” Cameron, ” Organizations: CNN, CNN — Iran’s Revolutionary Guards, Iran’s Revolutionary Guard Corps, Navy, Zodiac, Mediterranean Shipping Company, United, Israel Defense Forces, United Kingdom’s Locations: Israeli, Hormuz, Iran, Syria, Portuguese, Gulf of Oman, Tehran, Iranian, United States, Damascus, Gaza, The Iran, Yemen, Red, Israel
☆ Houthi attacks in the Red Sea are now wrecking world cruisers' vacation plans
  + stars: | 2024-01-31 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +3 min
The cruise industry is being hit by ongoing Houthi attacks in the Red Sea. Among the cancellations are some 20-day world cruise voyages. AdvertisementEscalating tensions in the Red Sea amid ongoing Houthi attacks have already hobbled global trade and prompted a US military response. Carnival Cruise Lines is the most recent player to confirm schedule changes because of the risks. MSC Cruises cancelled three sailings in April to avoid traversing the Red Sea, a spokesperson for the company told Business Insider.
Persons: —, Princess Cruise Organizations: Service, Cruise, Business, Princess, Carnival, Costa Cruises, United, CNN, Royal, Mediterranean Shipping Company, MSC Cruises, MSC Locations: Red, Iran, Los Angeles, East, Asia, Australia, South Africa, West Coast of Africa, Sydney, Costa, United Arab Emirates, Italy, Royal Caribbean, Europe, Africa
☆ 'The shooting has to stop': World's biggest shipping company pleads with Congress to help end Houthi Red Sea chaos
  + stars: | 2024-01-30 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +6 min
Ralby stressed the crisis in the Red Sea is not just a U.S. problem, but recent attacks by the U.S. military have led to greater targeting of its vessels. After those attacks, Maersk announced it would no longer be transiting the Red Sea. MSC announced on December 17 that it would divert its services that would typically transit the Red Sea and the Suez Canal around the Cape of Good Hope. Sailing around the Cape of Good Hope to avoid the Red Sea adds one to two weeks to a one-way shipping journey relative to the Red Sea and Suez Canal. Rising freight costs were a big component of inflation during Covid and the Red Sea crisis has renewed fears that another bout of supply chain-triggered inflation could occur.
Persons: Ralby, Ian Ralby, Darr, Charles, Bud, Salud Carbajal, Biden, Hapag Lloyd, Bab, Good Hope, Jon Gold, Phillips, Ralph Lauren, Levi Strauss, Gold Organizations: U.S, Mediterranean Shipping Company, U.S . Navy, Coast Guard, Maritime Transportation, MSC, Senate Foreign Relations Committee, Maersk, Maersk Detroit, Maersk Chesapeake, Navy, Intelligence, Suzuki, Volvo, Michelin, Ikea, National Retail Federation, Bank of America, Van Heusen Corporation, Birkenstock, Capri Holdings, Nike, Corp Locations: Suez, Ismailia, Egypt, Yemen, U.S, Iran, Gulf, Aden, Maersk, Good, Europe's, Asia, Europe, Vietnam
☆ Maersk has ways to grow again despite headwinds
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +2 min
Container ship "Evelyn Maersk" is loaded during snowfall at a container terminal in a harbour amid the coronavirus disease (COVID-19) pandemic, in Hamburg, Germany, April 6, 2021. Arch rival and privately-owned Mediterranean Shipping Company (MSC) is deploying cash reserves on acquisitions to diversify away from container shipping. Maersk also needs to strengthen its logistics and services unit, where organic revenue fell 19%, dragged down by lower retail demand, particularly in North America. Last year's purchases of Pilot and LF Logistics helped prop up the division, but Maersk needs to invest more. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Evelyn Maersk, Fabian Bimmer, A.P, Moller, Boss Vincent Clerc, EBITDA, Clerc, Pamela Barbaglia, Pierre Briancon, Streisand Neto Organizations: REUTERS, Fabian Bimmer LONDON, Reuters, Maersk, Walmart, Nike, Unilever, CMA CGM, Mediterranean Shipping Company, LF Logistics, Twitter, Adidas, InBev, Thomson Locations: Hamburg, Germany, North America
☆ West Coast port customers press Biden to intervene as pay fight hits operations
  + stars: | 2023-06-05 | by ( Lisa Baertlein | Thomson Reuters | Lisa Baertlein Covers The Movement Of Goods Around The World | ) www.reuters.com   time to read: +3 min
The Port of Long Beach is the second-busiest U.S. container terminal and a key driver of economic activity. That industry accounts for about half of the volume at the nation's container ports and is gearing up for back-to-school, Christmas and key sales events. That facility is majority owned by container shipping giant Mediterranean Shipping Company SA (MSC). Pacific Container Terminal, owned by Carrix Inc's SSA Marine, was closed on Monday for normal operational reasons having nothing to do with labor, terminal general manager Randy Galosic told Reuters. Many West Coast terminals are fully or partly owned by those shipping companies.
Persons: Biden, dockworkers, David French, TTI, Lee Peterson, Randy Galosic, Lisa Baertlein, Will Dunham, Chizu Organizations: National Retail Federation, Mediterranean Shipping Company SA, Warehouse Union, Coast, Container, Carrix, SSA, Reuters, ILWU, Long, Thomson Locations: ANGELES, West Coast, Southern California's Port, Long, Oakland , California, California, Washington, TTI, Los Angeles, Oakland, Long Beach, West
☆ MSC, world's biggest shipping company and U.S.-China trade bellwether, isn't talking like a recession is coming for economy
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +5 min
"The return post-Chinese New Year has been positive," Toft said. SONAR FreightWaves data shows the slow pick up in global freight orders post-Chinese New Year. Ocean freight rates, which were the largest inflationary pressure on products, have dropped sharply back to pre-pandemic levels. Rejections for ocean freight have increased, which means containers filled with product for the current or upcoming season are delayed. At a time when ocean carriers are increasingly canceling sailings because of the decrease in ocean freight orders, MSC has responded by increasing the size of its fleet.
☆ Shipper MSC, barometer of global trade, is predicting a rebound
  + stars: | 2023-03-01 | by ( Lori Ann Larocco | Sara Lindsay | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShipper MSC, barometer of global trade, is predicting a reboundDespite the recent drop in global trade demand and inventory gluts in the U.S. and Europe, Mediterranean Shipping Company CEO Soren Toft tells CNBC he is optimistic about the future of freight and the U.S. economy. Toft joined CNBC's Lori Ann LaRocco to discuss the Switzerland-based company's growth plans.
☆ Whales are turning up dead on beaches — and our online shopping addiction is partly to blame
  + stars: | 2023-02-28 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +4 min
Nearly two dozen whales have washed up dead along the East Coast in recent months. Scientists blame it on climate change sending whales into the path of cargo ships. The surge in online shopping means ships are bigger and more plentiful than ever before. Two whales that washed up dead along the Atlantic Coast this month were determined to have been struck by vessels, USA Today reported. A year ago, scientists began calling for cargo ships to start rerouting in order to protect endangered blue whales that live off the coast of Sri Lanka.
☆ World's largest container line is rerouting its fleet to avoid collisions with endangered blue whales, the largest animals on earth
  + stars: | 2022-09-11 | by ( Kelsey Vlamis | ) www.businessinsider.com   time to read: +4 min
Blue whales, which are endangered, grow to be 80 feet long and can live for 80 years. "By ensuring these small changes, MSC is making a significant difference for these endangered whales. Tharaka Basnayaka/NurPhoto/Getty Images"Re-routeing is the key hope to turn the tide for blue whales off Sri Lanka. Blue whales are the largest living animals on earth. While hunting blue whales is prohibited, the species continues to be threatened, primarily due to declines in its primary food source, krill.
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