Maersk ups profit target by $2bn on Red Sea shipping woes
COPENHAGEN : Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the
Maersk sees global trade disruptions lasting throughout 2024
COPENHAGEN : The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and won’t be solved this year, according to AP Moller-Maersk, a bellwether for world trade.
Houthi threat to Red Sea shipping is growing : UN Envoy to Yemen
YEMEN : Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen’s Houthis is growing, U.N. Special Envoy to Yemen Hans Grundberg told the U.N. Security Council on Tuesday. In
Xeneta sees first crack in container carrier spot rate consensus
OSLO : With some 450 million data points Xeneta believes that it is well positioned to feel container shipping’s pulse and its latest information has shown a blip in the spot rate’s recent beat.
PSA Group and Singapore Mitigate impact of Global Supply Chain Disruptions
SINGAPORE : PSA Singapore (PSA), a major global transhipment hub, has significantly ramped up its capabilities to support increased activity and mitigate the impact of global supply chain disruptions since the beginning of 2024.
Shipping delays surge at Singapore Port
SINGAPORE : The number of vessels arriving at the Port of Singapore which was 2,303 last month increased 66 per cent compared to May 2023. Through May, Singapore has seen nearly 50 per cent
90% of container vessels delayed in Singapore amid Red Sea crisis : Chee Hong Tat
SINGAPORE : Singapore’s Transport Minister Chee Hong Tat informed parliament in his recent written response that around 90% of container vessels are arriving off-schedule in Singapore due to the Red Sea crisis, contrasting with
Hapag-Lloyd CEO sees solid shipping demand driving up freight rates
HAMBURG : Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd Chief Executive Mr. Rolf Habben Jansen said in a call with reporters on Wednesday. Attacks on vessels