Expect the disruptions to container shipping in the Red Sea to linger into the third quarter, according to Maersk CEO Vincent Clerc. The ocean freight giant is still diverting its container ...

Container shipping has become so profitable in 2024 that Maersk is raising its full-year earnings guidance for the third time, increasing its expected income by $2 billion. The ocean carrier now ...

rates plummeted and so did Maersk’s results. A variety of factors have affected freight prices in just the past five years. Most recently, geopolitical tensions in the Red Sea have rerouted ...

Ocean fuel costs rose just 1.7% in 2024 despite the effects of the Red Sea crisis, which forced Maersk to reroute ships on longer voyages from Asia to the Mediterranean, Europe and North America ...

Denmark’s AP Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network.

A.P. Moller-Maersk A/S, a bellwether for global trade, raised its full-year profit forecast, saying the congestion in the Red Sea is having a larger than previously expected impact on the world ...

On Oct. 9, Maersk said they decided on the long route due to “continued safety concerns” along the shorter transit. Houthi attacks in the Red Sea have since late last year forced container ...

Container giant A.P. Moller-Maersk A/S expressed caution about any fast return to shipping through the Red Sea, after the Yemen-based Houthis signaled a pause in their attacks on commercial vessels.

A.P. Moller-Maersk A/S, a bellwether for global trade, increased its full-year guidance for a fourth time in less than six months, citing stronger demand and higher freight rates caused by supply ...

Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea.

Last month, when digesting Maersk’s first-quarter update, we spoke about how the ongoing disruptions in the Red Sea were offsetting the oversupply in container shipping markets, but that this ...

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact on the world’s supply lines. The Houthi ...