Shipping

Grain Trader ADM Beats Quarterly Profit Estimates As Costs Ease

Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit as lower energy and manufacturing costs led to an increase o...

Bunge Quarterly Profit Tops Estimates As Processing Results Rise

Agricultural commodities trader Bunge Global reported better-than-expected first-quarter profit as strong oilseed processing results in Europe and Asia off...

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

Shipping Industry Urges UN To Protect Vessels After Iran Seizure

Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East, the industry said in a letter.

Kaufland Marketplace To Launch In Poland And Austria

German retailer Kaufland plans to launch online marketplaces in Poland and Austria by late summer.

Dollarama Forecasts Annual Sales Above Estimates On Strong Demand

Dollarama forecast annual and quarterly sales above estimates, betting on consistent demand for its discounted groceries and essentials.

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...