Edition:
United Kingdom

Jonathan Saul

Coronavirus to cost Europe's retailers $4 billion in lost sales: study

28 Feb 2020

LONDON Supply disruptions caused by the coronavirus is expected to lead to 3.26 billion pounds ($4.24 billion) in missed sales for retailers in Europe in the six weeks to April 20, with China still struggling to resume full production, a study showed on Friday.

Shipping industry faces $370 million hit from new Panama Canal charge

21 Feb 2020

LONDON A new "freshwater" charge introduced this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus outbreak.

Shipping lines, ports count cost as coronavirus hits supply chains

20 Feb 2020

LONDON China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits container shipping lines and logistics chains, with goods stuck and costs mounting, industry officials say.

Shipping industry faces $370 mln hit from new Panama Canal charge

20 Feb 2020

LONDON, Feb 20 A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.

Global ship deliveries hit by coronavirus disruption to China yards

12 Feb 2020

BEIJING/LONDON Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels.

RPT-China's coronavirus disrupts global container shipping trade

07 Feb 2020

LONDON/LOS ANGELES, Feb 6 China's fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said.

China's coronavirus disrupts global container shipping trade

06 Feb 2020

LONDON/LOS ANGELES China's fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said.

Norwegian police raid shipping company office over waste export

30 Jan 2020

LONDON Norway's national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency, known as Okokrim, said on Thursday.

Norwegian police raid shipping company office over waste export

30 Jan 2020

LONDON, Jan 30 Norway's national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency, known as Okokrim, said on Thursday.

Credit Suisse, others back initiative to factor CO2 cuts into shipping finance

30 Jan 2020

LONDON Credit Suisse , BNP Paribas and French public investment bank Bpifrance are the latest lenders to join an initiative to link provision of shipping finance to cuts in carbon dioxide emissions.

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