In the face of an anticipated increase in shipping capacity and a global economic downturn, CMA CGM SA is bracing for a potential price war that could depress freight rates. The...
By Vera Eckert and Elke Ahlswede FRANKFURT (Reuters) - German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine...
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -Europe's benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by interest rate-sensitive...
Investing.com -- Shares in AP Møller-Maersk (CSE:MAERSKb) slumped on Friday, touching their lowest mark in three years, after the Danish shipping group announced that it would...
A.P. Moeller-Maersk, a Danish shipping giant listed on the Copenhagen stock exchange, intends to eliminate approximately 10,000 jobs by the end of next year as part of a $350...
By Robert Harvey and Natalie Grover LONDON (Reuters) - U.S. penalties on shippers transporting Russian oil in breach of the G7's price cap could push more Russian cargoes onto...
Global shipping giants A.P. Moller - Maersk A/S (Maersk) and CMA CGM announced a collaborative effort aimed at accelerating the decarbonization of the shipping industry. The...