1. Factbox-Shipping firms respond to Houthi attacks in Red Sea

    (Reuters) - Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea, impacting a shipping route vital to east-west trade. Some shipping companies have responded by instructing vessels to sail around southern Africa instead, a longer and therefore more expensive
  2. Maersk raises full-year profit guidance after strong quarter

    By: Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit guidance after posting better than expected quarterly earnings on Thursday, citing strong container shipping demand and the diverting of vessels around Africa to avoid the Red Sea. T
  3. Investors wait to see Red Sea in shippers' Q1 numbers

    By: Jesus Calero and Louis van Boxel-Woolf By Jesus Calero and Louis van Boxel-Woolf (Reuters) - European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about over
  4. Nigeria secures $600 million Maersk investment in seaport infrastructure

    ABUJA (Reuters) - Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday. The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman
  5. Maersk could offer limited Baltimore barge service

    COPENHAGEN (Reuters) - Denmark's Maersk may resume some shipping services at the U.S. Port of Baltimore when a temporary channel is opened to give access for commercially essential vessels that remain blocked by a collapsed bridge, the company said on Wednesday. "This channel, wit
  6. Baltimore's alternate shipping channels not deep enough, Maersk says

    OSLO (Reuters) - The Baltimore port's alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shipping group said in a statement on Wednesday. A container vessel chartered by Maersk collided wit
  7. YTO International Ships In New CEO As Its Revenue Fails To Deliver

    By The Bamboo Works Key Takeaways: YTO International’s profit fell 29.2% to HK$96.8 million last year, as its revenue fell at a similar rate to HK$5.29 billion The international arm of one of China’s leading delivery companies replaced its CEO Sun Jian with newcomer Zhou Jian, forme
  8. Case against brother of Zelensky's chief of staff closed, says anti-corruption agency

    By Oleg Sukhov A corruption case against the brother of presidential chief of staff Andriy Yermak has been closed, the National Anti-Corruption Bureau of Ukraine (NABU) told the Kyiv Independent. The case, which was investigated under the abuse of power article, was close
  9. Ship that hit Baltimore bridge also involved in 2016 Antwerp accident

    (Reuters) - The ship that caused the collapse of the Francis Scott Key Bridge in Baltimore early on Tuesday was also involved in an accident in the port of Antwerp, Belgium, in 2016. The Antwerp port authorities said the container ship Dali hit a quay on July 11, 2016, as it tried
  10. Maersk's Strategic Downsizing

    🚢 Maersk's strategic move to cut 10,000 jobs amid economic turbulence reflects the new normal in global shipping. A bold step towards sustainability in a rapidly changing industry. #Maersk #GlobalShipping #BusinessStrategy 🌍⚓️💼