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 …
Global supply chains face another major hit as ships avoid Suez Canal
Tihama, a Maltese Flag container ship of shipping line Hapag-Lloyd, at a European dock on August 13, 2022. Thierry Monasse | Getty Images News | Getty Images BP has become …
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 …
Maersk unveils world’s first vessel using green methanol
Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment for one of the world’s most polluting industries. The new …
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 …
Drought Poses a Threat to Key European River Trade Route, Impacting the Entire Continent
Barges of coal at the inland harbor in Duisburg, on the river Rhine in Germany, on Thursday, July 20 2023. Ben Kilb | Bloomberg | Getty Images The drought in …