AP Moeller – Maersk A/S
‘Made in Mexico’ trade controversy is provoking another kind of border war
Mexico’s robust, and booming, trade with the United States has logistics companies clamoring for a slice of the pie and politicians taking a cautious look at how overseas firms may be using recent North American trade law to circumvent U.S. tariffs. Integrated logistics companies like Maersk are building out their capacity to handle the historic […]
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European stocks lower; defense firm Saab up 6%; German software giant SAP hits all-time high
HSBC names first female CFO, announces restructure LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square. Dan Kitwood | Getty Images News | Getty Images HSBC on Tuesday announced a […]
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Maersk slumps 5% as the end of U.S. port strikes weighs on European shipping stocks
An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Anna Moneymaker | Getty Images Shares of Moller-Maersk slumped more than 8% on the Friday market open as European shipping companies fell on the conclusion of a U.S. port strike. A major union for U.S. dockworkers and the United States Maritime Alliance […]
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European markets climb higher after U.S. jobs report; Maersk down 5%
A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. Staff | Reuters LONDON — European stocks climbed higher Friday after the latest U.S. jobs report soared past expectations. The pan-European Stoxx 600 was up 0.4% […]
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Stocks making the biggest moves premarket: Spirit Airlines, Summit Therapeutics, Rivian and more
Check out the companies making headlines before the bell. Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Summit […]
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A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Spencer Platt | Getty Images News | Getty Images A massive dockworker strike at seaports on the U.S. East and Gulf coasts is expected to wreak havoc on global supply chains and the economy, […]
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No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company’s chief executive said Wednesday. “We’ve seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that there has been,” Vincent […]
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Baltimore crucial transport channel entirely reopens just after Francis Scott Key Bridge collapse
Salvage crews keep on to get the job done on getting rid of particles from the Francis Scott Essential Bridge collapse just after it was struck by the container ship Dali, now docked at Seagirt Maritime Terminal in Baltimore. (Jerry Jackson/Baltimore Solar/Tribune Information Service by way of Getty Visuals) Jerry Jackson | Baltimore Sunlight | […]
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European markets move lower as positive momentum falters
Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images European markets were lower Tuesday, as positive momentum over the past few days falters. The pan-European Stoxx 600 was down 0.3% by 2:35 p.m. London time, with all […]
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Baltimore disaster may perhaps be the major-at any time marine insurance policies payout, Lloyd's manager says
Baltimore Town Hearth Boat 2 floats previous the Dali container vessel immediately after it struck the Francis Scott Essential Bridge that collapsed into the Patapsco River in Baltimore, Maryland, U.S., on Tuesday, March 26, 2024. Bloomberg | Bloomberg | Getty Photographs The collapse of a big Baltimore bridge and its knock-on outcomes could end result […]
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