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KLAUS MICHAEL KUEHNE
Shipping tycoon Klaus-Michael Kuehne dies at 89 in SwitzerlandKlaus-Michael Kuehne, the richest man in Germany, has passed away at the age of 89. Under his leadership, Kuehne + Nagel transformed into a...- French shipping giant expects slump in cargo ratesCMA CGM SA anticipates lower ocean freight rates as new vessel deliveries boost capacity impacted by ship diversions to avoid the Red Sea c...
- World’s no. 3 container carrier warns against price warCMA CGM SA’s third-quarter net income fell 94% to $388 million from $7.04 billion in the same three months a year earlier.
- Shipping companies are on a spending spreeMajor shipping firms are spending record profits on new models mostly from shipyards of Korea and China.
- Shipping giant CMA CGM paints gloomy outlook as profit plummetsThere has been a rapid downturn in the last six months of 2022 which has troubled the container transport industry.
- French shipping giant CMA CGM warns demand is deterioratingThe French transporter's gloomy outlook aligns with with European rivals Hapag-Lloyd AG and A.P. Moller-Maersk A/S.
- TUI to sell Hapag-Lloyd shipping unit for $6.04 bnGerman tourism company TUI AG said on Sunday it will sell its marine shipping unit Hapag-Lloyd to a consortium of investors in a euro4.45 b...
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