Responsible Investor — ExxonMobil, one of the oil companies whose stance on climate change disclosure has been under scrutiny from investors, has revealed that it expects the implied cost of CO2 emissions to reach $80 per metric ton [tonne] in 2040 in developed economies.
Maersk Line, the world’s biggest container shipping company, said demand for trade on the Asia- Europe route is expected to grow until Lunar New Year in February as Chinese manufacturers produce and export more.
Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong Kong port from next year if the government doesn’t mandate higher quality oil for carriers berthing in the city.
Tim Smith, chief executive officer for North Asia at Maersk Line, comments on the outlook for the container-shipping market in an Oct. 12 interview in Shenzhen. Maersk Line is a unit of Copenhagen-based A.P. Moeller-Maersk A/S.
American Airlines and American Eagle canceled 707 flights, or 20 percent of their daily schedule, and pulled 89 planes from service after hail battered the carriers’ biggest hub and storms raked across the central U.S.
Maersk Line, the world’s largest container vessel operator, said the global shipping industry may have to cut box cargo capacity from the fourth quarter as demand growth slows at U.S. and European retailers.
AMR Corp.’s American Airlines, the world’s second-biggest carrier, will end free meal service in the coach cabin of flights between the U.S. and Central America and the Dominican Republic, and offer food for sale.