Red Sea

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...

Freight Group Kuehne+Nagel Reports Decline In Second-Quarter Profit

Swiss group Kuehne und Nagel has reported a 23% drop in its second-quarter operating profit, beating expectations.

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...

Pepco's First Half Earnings Boosted By New Store Openings, Margin Growth

Pepco Group has reported a 28% rise in first-half core earnings, reflecting new store openings and an improved gross margin, and forecast growth for the fu...

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...

Hapag-Lloyd Posts Q1 Profit Drop, Raises Lower End Of Outlook

German container firm Hapag-Lloyd has posted an 84% drop in first-quarter net profit but raised the lower end of its 2024 outlook amid rising demand and fr...