Category: Shipping

[ad_1] Aug. 7, 2018 1:48 p.m. ET A.P. Moeller-Maersk AMKBY 6.87% A/S, the world’s biggest cargo carrier, warned Tuesday its earnings would be weaker than expected this year due to rising fuel prices, soft freight rates and escalating trade tensions. Maersk, which moves about 18% of all containers and is considered a barometer of global…

[ad_1] Decades ago, the U.S. entered into a global agreement created by the Universal Postal Union, a U.N. agency that sets postal rates for delivering letters and packages around the world. Its terms are easy enough to understand in their basic structure. If a person or company sends a letter or package from Norway to…

[ad_1] Container shipping lines and port operators are seeking a change in the bilateral coastal shipping agreement signed between India and Bangladesh to permit transshipment of Bangladesh cargo from Indian ports. The India-Bangladesh coastal shipping agreement covers only origin-destination cargo between the two neighbouring countries. “We have started discussions with authorities in Bangladesh to allow…