The Russian Transport Ministry established a special headquarters to coordinate transportation and ensure cargo logistics in the Azov-Black Sea basin, responding to a tense situation caused by enemy drone attacks on seagoing vessels.
Russia plans to shift at least 15% of cargo transported by road over 200 km to inland waterways by 2035. This proposal, presented by Vladimir Timofeyev of the Association of River Transport Ports and Shipowners, aims for balanced transport development and reduced highway strain.
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
CEO of Danish shipping group says increased costs due to higher fuel bills passed on to customersBusiness live – latest updatesThe boss of the shipping company Maersk has said the reopening of the strait of Hormuz would have a “limited impact” on cargo flows, as the industry grapples with a sharp rise in energy costs.Vincent Clerc, chief executive of the Danish shipping group, said its fuel bill had nearly doubled since the start of the conflict, adding as much as $500m (£367m) in costs per month, but it had passed this on to its customers through higher freight rates. Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Cambodians are continuing to boycott Thai businesses despite economic pressures from the global fuel crisis, with smuggling of oil, fruit, meat and consumer goods surging as formal trade remains halted. The boycott reflects deep enmity between the neighbours following bloody border clashes last year that killed scores of soldiers and civilians and led to the closure of the 800km land border.
Cambodians are continuing to boycott Thai businesses despite economic pressures from the global fuel crisis, revealing deep-seated enmity following deadly border clashes that started in July 2025. Formal trade has collapsed since the 800km border was closed, while smuggling of oil, food and consumer goods has surged. Both countries blame each other for reviving a dormant border dispute, with a fragile ceasefire holding but no resolution in sight.
