Red Sea crisis sees 2M separation go into reverse
SANNA : Following the announcement of the dissolution of the 2M Alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in
Maersk suspends Methanol Ship order to Chinese Shipbuilder
COPENHAGEN : Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly due to Maersk’s objections to design drawings submitted
Hapag-Lloyd and Maersk navigate shipping struggles amid Red Sea hazards
HAMBURG : German container shipping company Hapag-Lloyd reiterated its cautious approach to maritime routes, announcing on Monday that it continues to steer clear of the Red Sea and the Gulf of Aden due to
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
COPENHAGEN : Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter. Maersk and
Maersk Q1 results in line with expectations amid ongoing Red Sea disruptions
COPENHAGEN : A.P. Moller – Maersk (Maersk) delivered a first quarter in line with expectations showing a strong recovery in earnings compared to the fourth quarter of 2023. Results were driven by a good
Maersk issues Trade Advisory about their operations in Israel
COPENHAGEN : Maersk is continuing to keep a close eye on the ongoing geopolitical situation involving Israel, with the main aim of ensuring the safety and well being of our staff and the best-possible
Maersk implements new PSS from Asia
COPENHAGEN : Maersk is implementing the Peak Season Surcharge–PSS for China from China to Dar es Salaam, Tanzania effective 22-Apr-24 for all 20 dry, all 20 reefer, all 40 dry, all 40 reefer and
Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade
MUMBAI : India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red Sea crisis on the larger trade