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Month: September 2012

Freight rate price war not an option: Maersk CEO

U.S. and European debt crises are paralyzing consumer demand for goods exported from China and putting downward pressure on some shipping rates, said Nils Andersen, chief executive of Danish shipping and oil group A.P....

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Arctic ice shrinks to all-time low; half 1980 size

In a critical climate indicator showing an ever warming world, the amount of ice in the Arctic Ocean shrank to an all-time low this year, obliterating old records. The ice cap at the North Pole measured 1.32 million square miles...

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