Hapag Lloyd AG
Shipping and delivery big Maersk starts rerouting ships owing to Pink Sea turmoil
Danish shipping and delivery huge Maersk confirmed on Tuesday that its vessels thanks to transit the Purple Sea and Gulf of Aden would take the Cape of Great Hope route all over the south of Africa after a spate of attacks by Houthi militants from Yemen. Together with a host of other firms, the company […]
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Right here's how the Houthi attacks in the Purple Sea threaten the international offer chain
A container ship sails via the new part of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the funds Cairo on Oct 10, 2019. Khaled Desouki | AFP | Getty Pictures Assaults by Iran-backed Houthi militants on ships in the Pink Sea have now rocked world wide trade. And […]
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Container ships are waiting around at Asian ports as stores battle to change excess inventory
Ships in the Singapore Strait. Andrew Merry | Second | Getty Images It’s been a gradual summer for shipping and delivery routes from Asia to Europe and beyond — and hopes of a classic peak season when vacation orders are imported are fading. As corporations producing goods from clothing to electronics keep excess stock, you […]
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Drought threatens important European river trade route with ripples throughout the 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 Visuals The drought in Europe is not only causing wildfires and pitfalls to food stuff stability but is also threatening the shipments carried on the continent’s rivers, due to […]
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‘Never been so cheap’: Fund supervisor explains why he loves shipping and delivery stocks appropriate now
There are a host of motives to take into consideration investing in transport firms, in accordance to Pure Price Metrics’ Richard-Mark Dodds, who said many of the stocks had interesting entry points. Shares of European delivery corporations AP Moeller Maersk and Hapag-Lloyd are down by a lot more than 30% this year, even though Asian […]
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Railroad bottleneck at nation’s busiest West Coast ports reaches inflection point
A Union Pacific freight train carries goods east near Palm Springs, California, a key link in the roadways and railways that connect the southern California metropolitan areas, as well as the busiest port complex in the nation, with the rest of the U.S. David Mcnew | Getty Images News | Getty Images Rail congestion from […]
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The housing market slowdown is showing up in shipping data from China
Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by U.S. importers of 20-30%, as recently reported by CNBC, and more recent data from U.S. shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across […]
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