February 13, 2024
May 8, 2026
February 12, 2024
A.P. Moller – Maersk delivered solid 2023 financial results in a difficult environment
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered solid financial results for 2023 in line with our financial guidance for the year. While volumes were up across most products and strong cost control helped
February 12, 2024
Maersk to look at DB Schenker acquisition
COPENHAGEN : Maersk could look at a potential acquisition of DB Schenker with greater synergies from such a deal than it believed would be the case in the past. German rail operator Deutsche Bahn
February 12, 2024
Hydrogen revenue jumps for world’s biggest maker of shipping containers
NEW DELHI : The world’s biggest manufacturer of shipping containers sees a surge in revenues from its hydrogen business, in a sign the clean fuel is starting to gain commercial traction. China International Marine Containers Group
February 12, 2024
Maersk pilots Shanghai as new global gateway for LCL shipments
COPENHAGEN : Maersk pilots Shanghai as its new global gateway of Less-than-Container-Load (LCL) shipments. The Danish company described this initiative as a “groundbreaking milestone” in the industry for shipments from different nearby countries and
February 12, 2024
COSCO SHIPPING Lines opens new office branch in Morocco
SHANGHAI : COSCO SHIPPING Lines has opened its new branch office, SARL, in Casablanca, Morocco. Diamond Line, a subsidiary of COSCO Shipping Lines (Europe) GmbH, will play an important role in expanding the North
February 10, 2024
A.P. Moller-Maersk is the first to secure SBTi validation with new maritime guidance
COPENHAGEN : The greenhouse gas emissions targets set by A.P. Moller-Maersk have received validation from the Science Based Targets initiative (SBTi), aligning them with the 1.5-degree pathway outlined in the Paris Agreement. This achievement
February 10, 2024
Red Sea crisis reflects on India Inc’s Q3 show
NEW DELHI : Indian companies are beginning to report early signs of the Israel-Hamas conflict’s impact on business operations, limited to those with exposures to either commodity supplies or related foreign markets. The rise
February 10, 2024
Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%
NEW DELHI : Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing in international trade, a report by credit ratings agency Ind-Ra
February 9, 2024