Shipping

HyperX Now Shipping Cloud Stinger 2 Wireless Gaming Headset

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Article content Adding 2.4GHz Wireless Connectivity to Signature HyperX Comfort and Immersive Sound Featuring DTS Headphone:X Article content FOUNTAIN VALLEY, Calif. — HyperX, the gaming peripherals team at HP Inc. and brand leader in gaming and esports, today announced the release of the HyperX Cloud Stinger™ 2 wireless gaming headset. Offering signature HyperX comfort and … Read more

Maersk CEO says shipping slowdown is signaling a recession

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London CNN Business  —  The spike in shipping rates since the onset of the pandemic has been a huge boon for Maersk. But the Danish shipping giant is warning its business will have to endure tougher times soon. The company said Wednesday that a looming global recession is expected to reduce container demand by between … Read more

White House: North Korea covertly shipping artillery to Russia

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The White House has accused North Korea of covertly shipping a “significant number” of artillery shells to Russia in support of its invasion of Ukraine The White House has accused North Korea of covertly shipping a “significant number” of artillery shells to Russia in support of its invasion of Ukraine The White House on November … Read more

Drought disrupts “irreplaceable” Mississippi River shipping corridor

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St. Louis, Missouri — The Mighty Mississippi might need a new nickname. North of Memphis, the river looks more like a desert than a river, as barge traffic up and down the crucial corridor is slowed or stranded amid a historic drought.  Paul Rohde, who represents the river’s shipping and towing industry, says the Mississippi … Read more

Drought disrupts Mississippi River shipping

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Drought disrupts Mississippi River shipping – CBS News Watch CBS News Water levels are hitting record lows along the Mississippi River, meaning big trouble for the economy. The drought is expected to last through January, threatening the critical supply chain for food, coal, petroleum and more. Ben Tracy has more. Be the first to know … Read more

One of the world’s biggest container shipping companies is ‘too compelling to ignore,’ says analyst

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With valuation at a trough and a dividend lined up for 2022, A.P. Moeller-Maersk is “too compelling to ignore” and investors should buy the shares. That’s according to analysts at Berenberg, who upgraded the Danish container-shipping company MAERSK.B, -2.29% MAERSK.A, -2.17% to buy from hold in a note to clients on Friday. “As freight rates … Read more

EU sanctions, price cap on Russian oil to raise shipping hurdles

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Breadcrumb Trail Links PMN Business Author of the article: Reuters Jeslyn Lerh and Emily Chow Article content SINGAPORE — Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and … Read more

FedEx will raise its shipping rates starting in January

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FedEx plans to increase shipping rates by an average of 6.9% starting in January as it copes with weaker business demand.  “Effective January 2, 2023, FedEx Express, FedEx Ground and FedEx Home Delivery rates will increase by an average of 6.9%,” the company said in a statement on Thursday. “FedEx Freight rates will increase by an average … Read more

Indian national convicted of corruption in shipping company deals in Singapore

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A 51-year-old Indian national was on September 22 convicted of seven corruption and related charges for committing the offences while working as a managing director of a department of an international shipping company in Singapore. Ananthakrishnan Nanda had pleaded guilty to the charges—two under the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) … Read more