Suspends share buybacks amid Red Sea disruption
Giant gantry cranes and off loading freighter in Haifa container port, Israel. Ucg | Universal Images Group | Getty Images LONDON — Shares of Danish shipping giant Maersk slumped more …
AP Moeller – Maersk A/S
World’s No. 1 shipper pleads with Congress to help end Houthi ‘chaos’
A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. Fareed Kotb | Anadolu | Getty Images The world’s …
Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes
Houthi supporters hold up rifles as they rally to protest the killing of Saleh al-Samad, a senior Houthi official, by a Saudi-led coalition air strike in Hodeidah, Yemen April 25, …
Red Sea crisis could jeopardize inflation fight as shipping costs spike globally
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images U.S. shipping costs are spiking as attacks in …
Panama Canal drought moves Maersk to start using land bridge for cargo
View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one …
Maersk to extend Red Sea diversion for ‘foreseeable future’
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Danish shipping giant Maersk …
Global shipping delays cast shadow over strong December jobs report
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty …
Hawkish Fed minutes chill markets further
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Dec. 28, 2023. Valerie Plesch | Bloomberg | Getty Images This report is from today’s CNBC Daily …
Maersk shares gain after shipping firm extends Red Sea pause
Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to …
Container prices hit $10,000, freight inflation soars in Red Sea chaos
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising …