Shipping

Hapag-Lloyd Sees Net Profit Fall Two Thirds In First Half

German container shipper Hapag-Lloyd has posted a net profit of €2.9 billion for the first half of 2023, down by 67% from a year earlier, but maintain...

Maersk Posts Second-Quarter Profits Above Forecast, Adjusts FY Guidance

Shipping group A.P. Møller-Mærsk has reported second-quarter earnings above expectations, and adjusted its profit guidance for the full year u...

Countries Adopt New Shipping Greenhouse Gas Emissions Target

Several countries have adopted a revised greenhouse gas (GHG) strategy for shipping that sets a net zero emissions target 'by or around 2050', which was vi...

UK Food Production Costs Fall For First Time Since 2016: Lloyds

British food manufacturers reported the first drop in their production costs since 2016 in May as lower commodity and energy prices and cheaper shipping ou...

Maersk Secures Fuel For First Methanol Container Ship Journey

Denmark's Maersk has secured fuel for the first container vessel able to run on carbon-neutral methanol for its inaugural journey from South Korea to Denma...

Grain Trader Viterra In Talks To Merge With Bunge: Source

Global grain trader Viterra is in talks to merge with US rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would resha...

Global Freight Cycle May Have Reached Lowest Point: Kemp

Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide...

Maersk Reports Lower Container Volumes, Keeps Full-Year Guidance

Shipping group Maersk has reported first-quarter earnings above expectations and maintained its profit guidance for the full year even as container volumes...