Supply Chain - Shipping

Maersk Will Avoid Red Sea Despite EU Security Operation

Shipping company Maersk has said it is too early to resume sailings through the Red Sea due to a continued elevated risk level.

Container Rates Drop To Unsustainable Levels, Maersk CEO Says

The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk C...

Hapag-Lloyd Posts 83% Lower Net Profit In 2023

German container shipper Hapag-Lloyd has posted a net profit of €3.0 billion for 2023, down 83% from a year earlier, and cut its dividend by 85% in wh...

Geopolitical Upheaval And Legislative Change: More Turmoil For Shipping?

The maritime sector has been beset with disruption recently – geopolitical, legislative and climactic. Lena von Fritschen, director, market inte...

Red Sea Ship Attacks Not Driving Inflation, Moody's Says

Attacks on merchant vessels in the Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the im...

Ukraine Plans Same 2024 Sowing Area As 2023, Minister Says

Ukraine expects its 2024 spring sowing area to be the same as last year, though it could see a slight decrease in the worst case scenario, agriculture mini...

Maersk Warns Oversupply To Hit Profits Amid Red Sea Uncertainty

Maersk said Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year.

Givaudan's 2023 Sales Beats Estimates; Expects Little Red Sea Impact

Givaudan said its sales volumes were stabilising after it reported higher-than-forecast 2023 organic sales growth on strong performance in its fragrances b...