The ECB’s growing confidence that the eurozone economy was on the mend may suffer a setback as the continent reels from the economic fallout of the coronavirus, a leading economist has said.

Back in 1904, Arnold Peter Møller and his father founded what would later become Denmark’s biggest company and the largest container ship and supply vessel operator in the world.

Capable of handling some of the largest liners in Cobh, the Port of Cork welcomed over 243,000 passengers and crew in 2019, writes Brendan Keating

Women may only account for just 6.5% of the Naval Service but for the first time in its history, three of its ships - a third of the fleet - are being captained by female Lieutenant Commanders.

Businesses and governments around the world are counting the cost of a software epidemic that has disrupted ports, hospitals and banks.

Update 8:11pm: Shipping group Maersk has been affected by the ongoing global cyber attack as its computer systems failed across multiple regions, including Ireland and the UK.

AP Moeller-Maersk, the Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in US policy threatens to reduce global trade.

Port of Cork has scored a major coup in landing a potentially lucrative spot on the first direct freight shipping service from northern Europe to Cuba since economic sanctions were removed on the Caribbean country.

Development of the largest new gas field in the UK North Sea for a decade has been given the green light.

The Port of Cork has seen its profits before tax rise by more than €150,000 last year driven by an increase in the volume of goods passing through the port.

Pending increases in freight prices threaten to hit Irish food exporters’ profits by up to €10m per year and could lead to many companies withdrawing from selling to non-EU countries.

Tullow Oil has added Greenland to its increasingly diversified international presence — takinga 40% stake in a licence located in Baffin Bay.

Billionaire Arnold Maersk Mc-Kinney Moeller, the Dane who created the global shipping and oil conglomerate A.P. Moller-Maersk A/S, has died aged 98.

HAPAG-LLOYD and Maersk Line are among ship owners facing a $100 billion (€77.5bn) bill to cleanse ballast water that spreads diseases such as cholera and invasive species, including mitten crabs, adding to costs as cargo rates slump.

MALACCA MAX is not a James Bond villain. It is the codename for a 370,000-ton container ship, far bigger than the current Suez Max and Panamax giants, and it might help Ireland out of our present mess.

The unassuming ship’s captain who escaped the clutches of Somali pirates made a triumphant return home, insisting he was no hero.

French forces captured 11 pirates in a raid on a supply ship off the coast of Kenya today as attacks and counterattacks raised tensions in one of the world’s most important shipping lanes.

More US warships – as well as pirate reinforcements with an international gallery of hostages – today rushed to where four Somali bandits are holding a US sea captain hostage.

Somali pirates and their hostage American sea captain were adrift in a lifeboat off the Horn of Africa, shadowed by a US destroyer with more warships on the way in a US show of force.

FBI hostage negotiators joined US navy efforts yesterday to free an American cargo ship captain held captive on a lifeboat by Somali pirates.

PENTAGON officials said yesterday that the American crew of a US-flagged cargo ship had retaken control from Somali pirates who hijacked the vessel far off the Horn of Africa.

Somali pirates hijacked a cargo ship with 21 Americans on board today.

SOMALI pirates have collected more than $150 million (€120m) in ransoms over the past year, Kenya’s foreign affairs minister said yesterday, calling on ship owners not to pay when their vessels are hijacked.

The world’s largest shipping company announced its oil tankers would make a major detour to avoid the pirate-plagued waters off the Somali coast, it was reported today.

A UK citizen is among seven people who have been killed in a helicopter crash off the coast of Dubai, officials said today.

AN IRISH union inspector got his first full meal in 36 hours yesterday as a dispute between a Russian-crewed ship and its owners moves into a fourth day.

Shipping group P&O today reported early signs of revival at its ferries business, despite higher fuel costs and disruptions to a key cross-channel route.

Ports and ferries group P&O ended its interest in container shipping today when it raised £378m (€569.8m) from the sale of its stake in Royal P&O Nedlloyd.

The FTSE 100 Index ended Wednesday in the doldrums after a poor start on Wall Street compounded the gloom in London.

Relief at a stronger-than-expected trading statement from retailer Dixons failed to keep the London market in positive territory today.

Container shipping group P&O Nedlloyd looked set to be taken over by larger rival Maersk after the pair unveiled a deal worth €2.3bn.

Fresh retail misery gave investors an excuse to bank profits today, leaving the London market in the red for the second session in a row.

Container shipping giant Royal P&O Nedlloyd today said it was in talks regarding a possible takeover by Danish rival AP Moeller Maersk.

Investors shrugged off more gloom in the retail sector to keep the London market in positive territory today.

Suriname’s state oil company Staatsolie has signed an agreement with Denmark-based Maersk Oil for seismic exploration off the South American country’s shores.

NO-FRILLS airlines warned yesterday that more and more carriers could follow British airline Duo in going bust in the increasingly risky low-cost flight market, but denied that the bubble had burst on the demand for cheaper flights.

Air passengers due to return to the UK were left stranded around Europe today after the collapse of a carrier which had operated for just seven months.

TRANSIT times between one of the country’s key ports and the Netherlands is to be significantly cut, following the launch of a new container ship yesterday.