Maersk’s Profit Warning Amid Shipping Overcapacity and Red Sea Disruptions
By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than
By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than
By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make
By Mike Wackett (The Loadstar) – Asia-North Europe shippers have adapted their supply chains to the longer transit times around Africa, but now they
CANBERRA, Feb 5 (Reuters) – The Australian government said on Monday it had refused a request by a livestock exporter to send a ship carrying around
By Phil Stewart, Idrees Ali, Mohammed Ghobari and Timour Azhari WASHINGTON/ADEN/BAGHDAD, Feb 4 (Reuters) – The United States intends to launch further
By Alisa Odenheimer and Brendan Murray (Bloomberg) –An Israeli software startup and one of the world’s biggest shipping lines are among companies
PARIS, Feb 2 (Reuters) – Shipping group CMA CGM on Friday suspended until further notice all crossings by its vessels of the Bab al-Mandab
(Bloomberg) — A missile attack on Friday on a tanker taking Russian fuel through the Gulf of Aden may prove to be a defining moment for an oil
(Bloomberg) — Piracy off Somalia’s coast has increased since maritime security was disrupted by Houthi militants’ attacks on ships in the Red Sea in
By Parisa Hafezi and Andrew Hayley DUBAI, Jan 26 (Reuters) – Chinese officials have asked their Iranian counterparts to help rein in attacks on ships
By Marwa Rashad and Pietro Lombardi LONDON/MADRID, Jan 25 (Reuters) – Qatar, one of the world’s largest liquefied natural gas (LNG) exporters,
Jan 25 (Reuters) – Australian mining giant BHP Group said on Thursday that the Red Sea disruptions are forcing some of its freight service
(Bloomberg) — Qatar, one of the world’s biggest liquefied natural gas exporters, is delaying some shipments to Europe as the crisis in the Red Sea
(Bloomberg) — A far-reaching plan to channel Europe–Asia trade through the Middle East is at risk of stalling before it even gets started. The
Jan 23 (Reuters) – Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted
SHANGHAI/BEIJING, Jan 19 (Reuters) – For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his
BERLIN, Jan 22 (Reuters) – German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until further notice due
LONDON, Jan 19 (Reuters) – The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply
With the ongoing Suez Canal diversions, container shipping costs are expected to rise as long as the risks to shipping remain. However, shipping industry
(Bloomberg) — African ports from Namibia to Mauritius are becoming more popular as refueling stops for vessels shunning security threats in the Red
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