Supply Chain - Shipping

Hapag-Lloyd Keeps Recently Raised Outlook Despite Nine-Month Profit Drop

German container firm Hapag-Lloyd on Thursday posted a 47% drop in net profit for the first nine months of 2024 but retained its recently raised earnings o...

Maersk Raises Profit Outlook On Strong Market

A.P. Moller-Maersk raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption&n...

Ukrainian Wheat Offered Lowest At $244 Per Metric Tonne At Huge Egypt Tender

Ukrainian wheat has been offered lowest at $244 per metric tonne at Egypt's largest single tender, a price traders say is at a premium due to delayed payme...

Maersk Sees Container Demand Growing At A Slower Pace

Shipping company Maersk has said the global demand for container transport is expected to continue to grow in the next few quarters albeit at a slower pace...

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Higher Shipping Rates Feeding Through To Higher Manufacturing Costs

Higher shipping rates, resulting from attacks on ships in the Red Sea, as well as low water levels in the Panama Canal, are having a knock-on effect on man...

Retailers' Early US Back-To-School Sales Hasten Peak Ocean Shipping Season

Retailers Walmart, Target and Shein kicked off back-to-school sales early to stop Amazon.com's Prime Day event from siphoning US sales of backpacks and lap...

AI Can Help Shipping Industry Cut Down Emissions, Report Says

The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence fo...

Shipping Group CMA CGM Gets Q1 Boost But Sees Overcapacity Looming

CMA CGM benefited in the first quarter from a rebound in demand for consumer goods and higher freight rates linked to Red Sea disruption, but expects an in...