Two bicameral bills were introduced in Congress on March 11 to incentivize the maritime and shipping industries to transition to hydrogen power. “As we grapple with energy affordability and our responsibilities to the future, we need to encourage energy innovation and pursue an ‘all-of-the-above’ approach,” Rep. Gus Bilirakis (R-Fla.) said in a statement. “Hydrogen fuel…
Bipartisan Bills to Promote Hydrogen Power in Maritime, Ground Shipping
March 14, 2022
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ground transportationhydrogenLocal Newsmaritime shippingRegional NewsRegional-Local Newsshipping industrySouthern CaliforniaUncategorizedUS
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Top Container Lines Cancel Shipping to Russia, Essentials Allowed With Increase in Scrutiny
March 1, 2022
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Business & EconomyEuropeHapag LloydMaersk LineMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine Warshipping industryWorld
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Two of the biggest container lines in the world, the Mediterranean Shipping Company (MSC) and Maersk, have announced the temporary suspension of shipping activities to and from Russia after the country was subject to international sanctions and other isolating measures. The MSC suspension came into effect on March 1 and will cover all access areas…
Freight Liners Log In Record Profits, Small Businesses Complain of Anti-Competitive Pricing
January 18, 2022
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Business & EconomyBusinesses in COVID-19container shippingEuropeinflationshipping industryshipping rateWorld
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Shipping companies have registered a record $150 billion in profits with prices rising nearly 10 times while small business owners claim that the major container lines are exploiting their monopolistic positions to charge exorbitant fares. In 2021, the spot rate for a 40-foot container from Asia to the United States was priced at over $20,000…
Shipping Companies Log Record Profits, Small Businesses Complain of Anti-Competitive Pricing
January 18, 2022
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Business & EconomyBusinesses in COVID-19container shippingEuropeinflationshipping industryshipping rateWorld
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Shipping companies have registered a record $150 billion in profits with prices rising nearly 10 times while small business owners claim that the major container lines are exploiting their monopolistic positions to charge exorbitant fares. In 2021, the spot rate for a 40-foot container from Asia to the United States was priced at over $20,000…
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