Supply Chain - Shipping

Maersk Hikes Outlook As Disruptions Push Up Shipping Rates

The world's biggest container shipping company A.P. Moller-Maersk lifted its full-year earnings outlook on the back of strong preliminary quarter...

Shipping Giant Maersk Improves Outlook Due to Surge In Demand

Shipping group A.P. Møller - Mærsk A/S has announced an improved full-year guidance after a strong first-quarter performance driven by high de...

US Coffee Roasters Weigh Price Increases, Cite Shipping Inflation

Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their operations, mostly...

Rotterdam Port Traffic Sees Biggest Drop In Volumes In Decade In 2020

Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been...

Hapag-Lloyd CEO Says Container Delays Could Be Resolved In Q2/Q3

Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or...

Maersk Sees First-Quarter Boost From Strong Container Demand

Shipping group A.P. Møller - Mærsk has said that a surge in demand for container shipping will boost earnings in the company's first quarter a...

Maersk Says European Lockdowns Have Not Dented Demand For Shipping

High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise...

Thai Rice Exports To Stay Low In 2021 On Global Shipping Container Crunch

Thailand's rice exports are headed for another gloomy year after sinking to the lowest volume in two decades in 2020, exporters said, as a global shortage...