AP Moeller – Maersk A/S
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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Here's what we know about the Singapore-flagged container ship that hit the Baltimore bridge
The Important Bridge was strike by a ship and collapsed on March 26, 2024. The Washington Article | The Washington Submit | Getty Visuals Six building personnel were being presumed lifeless on Wednesday after a enormous cargo ship struck the Francis Scott Essential Bridge in Baltimore, resulting in it to partly collapse into the Patapsco […]
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Logistics providers scramble immediately after bridge collapse closes Port of Baltimore until eventually further notice
The steel frame of the Francis Scott Key Bridge sits on top rated of the container ship Dali immediately after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. Roberto Schmidt | Afp | Getty Pictures Logistics providers up and down the East Coast had been urgently relaying messages back and forth to purchasers Tuesday […]
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Worries about union strikes at East Coastline, Gulf ports increase, major to trade diversions
The possible for a strike by the premier union of maritime employees in North The usa, the Intercontinental Longshoremen’s Affiliation, is starting to rise on the record of fears amid logistics decision-makers and advisors in a 12 months now fraught with a multitude of trade uncertainties. Pink Sea diversions and Panama Canal drought restrictions are […]
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Houthis claim ⟊tastrophic' attack in Crimson Sea that prompted crew to abandon ship
Aerial see of a tanker. Bugto | Moment | Getty Photographs The Iran-backed Houthi militant team on Sunday broken a ship offshore Yemen, prompting its crew to abandon the vessel in the most recent escalation of maritime tensions that have disrupted critical trade routes in the Purple Sea. The U.K. Maritime Trade Operations explained on […]
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