Hapag Lloyd AG
Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images Some shipowners are opting to […]
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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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European stocks near somewhat decrease as Davos attracts to close Uk retail sales drop
European stock markets shut a little decreased Friday, erasing gains via the early morning and former session. The Stoxx 600 index provisionally ended .3% decreased, with big bourses and sectors pointing in reverse directions. Mining stocks led losses, down 1.4%, while engineering shares rose .6%. The Planet Financial Discussion board in Davos, Switzerland arrived to […]
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Crimson Sea crisis could jeopardize inflation battle as shipping and delivery prices spike globally
A ship transits the Suez Canal to the Crimson Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Pictures U.S. shipping fees are spiking as assaults in the Purple Sea disrupt global trade, boosting fears that inflation might decide up once again if the disruption persists. The diversion of container ships from […]
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Chinese delivery big reportedly suspends trips to Israel as Crimson Sea tensions mount
A container ship from China-owned Cosco Shipping on Aug. 7, 2023. Justin Sullivan | Getty Pictures News | Getty Photos Chinese point out-owned transport large Cosco suspended shipping and delivery to Israel by means of the Crimson Sea as tensions in the strategic shipping and delivery lane proceed to rise, Israeli state media noted. The […]
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Hapag-Lloyd to come to a decision on Wednesday about Crimson Sea routes
Tihama, a Maltese Flag container ship of delivery line Hapag-Lloyd, at a European dock on August 13, 2022. Thierry Monasse | Getty Photos News | Getty Images Germany’s Hapag-Lloyd will make your mind up on Wednesday no matter if to resume journeys by the Red Sea, a spokesperson said on Tuesday as Maersk organized to return […]
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Container fees strike $10,000 as ocean freight inflation soars in Pink Sea crisis
With the Red Sea diversions by shipping and delivery firms including Maersk continuing amid the risk of assaults by the Houthis, worldwide logistics managers are confronted with a two-front storm of increasing ocean and air freight price ranges and stranded cargo. Each are threats to the world wide supply chain following a few tumultuous a […]
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Ikea suggests products and solutions will be delayed thanks to Red Sea diversions
Ikea warned of delays on some solutions thanks to the mass diversion of delivery containers from the Pink Sea more than basic safety problems. “The predicament in the Suez Canal will end result in delays and may possibly induce availability constraints for particular IKEA products and solutions,” a spokesperson explained by electronic mail Thursday. They […]
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