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MAERSK SHIPPING
'Start your engines'? Shippers wary on Hormuz reopeningShipping groups are hesitant to resume sailing through the Strait of Hormuz. An agreement between the US and Iran promises its reopening. H...- PM Modi strengthens India-Nordic ties with focus on clean energy, trade, digitalization focus at 3rd summitAhead of the 3rd India-Nordic Summit, Narendra Modi held key meetings with leaders from Iceland, Finland, and Denmark to strengthen coopera...
- Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...
- Maersk CEO sees passing higher oil shock costs to customersA.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to cust...
- US-Iran ceasefire: Uneasy calm after West Asia truce breachThe violence erupted after US President Donald Trump announced "Project Freedom," which he described as a humanitarian effort to guide neut...
- Oil Price Today (May 5): Crude oil falls but holds above $110 as Iran war tensions persist. What are experts saying?Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged v...
- Gold steady as investors weigh Middle East risks, stalled US–Iran peace talksGold prices remained largely steady as escalating Middle East tensions and stalled U.S.-Iran peace talks kept investors on edge. Despite re...
- Oil eases on signs US is loosening Iranian closure of Strait of HormuzOil prices saw a dip on Tuesday. This followed a significant rise after the U.S. Navy began operations to reopen the Strait of Hormuz. A U....
- Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is now offering its vast logistics network to other companies. Businesses can use Amazon's services for moving, storing, and deliver...
- US stocks today: Amazon opens up logistics network to other businesses in challenge to UPS, FedExAmazon is entering the logistics market. It will now offer its vast network for businesses to store and ship goods. This move directly chal...
- World’s largest container carrier plans route avoiding HormuzThe world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoi...
- The stunning way China is using America's own playbook to hit the US where it hurts most, and Washington has no idea how to respondChina Detains Panama-Flagged Ships: Nearly 70 Panamanian vessels held in Chinese ports. COSCO suspending operations at Balboa. A $2 billion...
- Trump’s Hormuz blockade has deepened a historic shipping crisisThe Strait of Hormuz has effectively shut to global shipping after the US, led by Donald Trump, imposed a blockade on Iran-linked vessels, ...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- How Iran plans to tax oil tankers passing through Strait of HormuzIran is reportedly tightening control over the Strait of Hormuz. Oil tankers may face cryptocurrency transit fees and detailed checks. This...
- Big jolt for Indian exporters as shipping rates up 40% on higher fuel & insurance costs amid Iran warAs the winds of global trade shift, Indian exporters are grappling with soaring shipping expenses. The cost of container transport is skyro...
- Maersk and Cochin Shipyard partner to explore ship repairs and shipbuilding activities in IndiaThe strategic alliance is in line with India’s vision to transform the maritime sector and establish itself as one of the top five global m...
- Maersk tankers to insist its ships can avoid the Red SeaHouthi militants, aligned with Iran, are attacking vessels with ties to Israel when they pass through the Red Sea, causing insurance costs ...
- Maersk to go green early as new fuel options speed up transitionMaersk, the world’s largest shipping line, consumes about 12 million tons of marine oil per year, roughly equal to all the oil produced in ...
- World's biggest shipper reports rebound in businessMaersk's business is closely watched within the shipping and other industries as it seen as a barometer of global trade.
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