A.P. Moeller-Maersk said Vincent Clerc will replace Soren Skou as chief executive officer on Jan. 1, 2023. (Dow Jones Newswires)
U.S. supplier price increases eased in November. (WSJ)
Industrial metals prices are rallying on signs that China will reopen its economy. (WSJ)
A World Trade Organization panel found the U.S. violated international trade rules with its tariffs on imported steel and aluminum. (WSJ)
TotalEnergies scaled back more ties to Russia with a $3.7 billion writedown of its stake in gas producer Novatek. (WSJ)
The alleged bomb-maker in the 1988 bombing of a Pan Am passenger jet over Lockerbie, Scotland, is in U.S. custody. (WSJ)
The U.S., Japan and other nations kicked off negotiations aimed at setting economic rules and standards in the Indo-Pacific region. (Japan Times)
Apple contract manufacturer Foxconn is investing $500 million in expanding its supply chain in India. (South China Morning Post)
China eased its Covid restrictions for seafarers and port workers. (Seatrade Maritime)
Costco Wholesale is dropping its ship-chartering operation and taking a $93 million charge. (Journal of Commerce)
Fitch Ratings says container lines face sharply lower profits next year while the tanker and dry-bulk sectors look more stable. (gCaptain)
John Fredriksen’s investment group sold 2 million shares in Euronav even as his Frontline business pursues a takeover of its tanker rival. (Maritime Executive)
The U.S. Senate confirmed Shailen Bhatt as head of the Federal Highway Administration. (Washington Post)
ShipMatrix says holiday-season parcel delivery performance has recovered to pre-pandemic levels. (Logistics Management)
Chinese aircraft maker COMAC delivered its first domestically produced C919 passenger plane to China Eastern Airlines. (Nikkei Asia)
Grocery-delivery company Getir is buying troubled rival Gorillas. (CNBC)
Fast fashion retailer Shein plans to spend $15 million over the next three or four years to improve working conditions at hundreds of its suppliers’ factories. (CNN)
British developer Russells is building a 120-acre logistics and industrial park with six warehouses outside Manchester. (Logistics Manager)
|