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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...

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...

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...

Hapag Lloyd's Sees Nine-Month Net Profit Down 77%, Cuts Outlook

German container shipper Hapag-Lloyd has posted a net profit of €3.2 billion for the first nine months of 2023, down by 77% from a year earlier, and c...

Shipping Group Maersk Triples Quarterly Profit Despite Lower Volumes

Shipping group A.P. Moller-Maersk has said that record-high freight rates boosted quarterly earnings in its third quarter, despite lower container volumes...

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...

CMA CGM Sees Strong Shipping Rebound After Coronavirus Storm

Container shipping group CMA CGM has reported higher second-quarter profits and said it expects results to improve again in the current quarter, as the shi...

EU-Singapore Agreement Likely To Reap Benefits, Says Port Of Hamburg

The recently-announced trade agreement between the European Union and Singapore is likely to provide 'additional upswing' for foreign trade in the EU, the...

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World's Biggest Container Line Scales Down Bond-Market Reliance

Biggest SE Asia Container Shipper In Talks With France’s CMA CGM

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