Ikea warns of product delays
Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns. “The situation in the Suez Canal will result …
AP Moeller – Maersk A/S
Maersk begins rerouting via southern Africa
Danish shipping giant Maersk confirmed on Tuesday that its vessels due to transit the Red Sea and Gulf of Aden would take the Cape of Good Hope route around the …
An eighth week of gains for markets?
The Wall Street bull statue is pictured in the Manhattan Borough of New York. Carlo Allegri | Reuters This report is from today’s CNBC Daily Open, our new, international markets …
Maersk, MSC suspend Red Sea route amid Houthi attacks
An oil tanker anchored in the Red Sea off the coast of Yemen’s contested western province of Hodeida on July 15, 2023. Mohammed Huwais | Afp | Getty Images Oil …
How Houthi attacks in Red Sea threaten global supply chain
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019. …
Global supply chains face another major hit as ships avoid Suez Canal
BP has become the latest firm to pause travel through the Suez Canal following a series of attacks on vessels by Houthi militants from Yemen. In a statement Monday, the oil major said …
Shipping giant Maersk announces 10,000 job cuts, warns of volatility
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Shipping giant Maersk, a bellwether for …
Going green will add to inflation ‘no question’ says CEO
The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. “There will be an inflationary impact coming from …
Shipping giant Maersk unveils first vessel operating on green methanol
A.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG …
Ships wait at Asian ports as retailers struggle to shift excess stock
Ships in the Singapore Strait. Andrew Merry | Moment | Getty Images It’s been a slow summer for shipping routes from Asia to Europe and beyond — and hopes of …