By our economics editors Jan 18, 2024 at 10:59 AM Update: an hour ago Winter weather and avoidance of the Red Sea are causing congestion and delays in ports in Northern Europe, container shipping company Maersk warns. The Danish freight carrier calls on its customers to collect their containers quickly after unloading. Maersk no longer … Read more
The US Navy sank three vessels belonging to Yemen’s Huthi rebels, who had attacked a Danish container ship in the Red Sea, reports AFP. According to that news agency, which cites a statement from the US Military Command for the Middle East (Centcom), US Navy helicopters “returned fire in self-defense, sinking three of the four … Read more
Dec 24, 2023 at 8:56 PM Update: 2 hours ago Maersk is preparing to sail via the Red Sea and the Suez Canal again. Due to attacks on cargo ships by Yemen’s Houthi rebels, the container carrier decided to avoid the Red Sea earlier this month. Maersk cites the formation of the Red Sea coalition … Read more
By our economics editors 23 dec 2023 om 06:33 Maersk takes into account that the chaos in the Red Sea will continue for months. The container carrier said this in a press statement on Friday about the attacks on cargo ships by Yemeni Houthi rebels. According to Maersk, fifteen routes between Asia and Europe and … Read more
[The Epoch Times, December 16, 2023](Comprehensive report by Epoch Times reporter Zhang Ting) Continuous attacks on merchant ships by the Iran-backed Houthi armed group have triggered trade disruptions. Maersk, the world’s second largest container shipping giant, on Friday ( December 15) stated that it would suspend all container ship transportation through the Red Sea; Germany’s … Read more
The world’s largest container shipping company AP Moller-Maersk is cutting 10,000 jobs. The staff cuts represent a 9% reduction in headcount and are driven by lower freight rates and increased competition in maritime transport. About 6,500 of those positions have already been cut, CEO Vincent Clerk told Bloomberg TV. After the job cuts were announced, … Read more
The drug flows in through European ports, and figures from the monitoring body EMCDDA show that a record 303 tonnes of cocaine entered the EU in 2021. On Wednesday, the European Commission will propose a plan to crack down on smuggling via global shipping routes, writes Financial Times. ONE OF THE WORLD’S LARGEST: The container … Read more