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Declining freight rates weigh down Maersk, as the Red Sea reopens. The logistics giant looks to counter with job cuts and a focus on cost discipline...
A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou discusses first quarter results, congestion issues and sanctions. source
Each year, about 90% of world trade is transported by ship. While commodities like oil and grain make up 40% of that cargo, large steel containers,...
Houthi militants off the coast of Yemen have attacked container ships in the Red Sea. A.P. Moller-Maersk A/S and Hapag-Lloyd … source
The global container business is in chaos. Surging consumer demand, covid outbreaks and a shortage of containers has led to higher volume for ocean carriers and...
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