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COPENHAGEN, Feb 8, 2024 (AFP) – Shipping giant Maersk reported on Thursday a massive drop in net profit in 2023 and warned of “uncertainty” in 2024 due to Yemeni rebel attacks on vessels in the Red Sea. An oversupply of container shipping last year caused prices to drop after they had soared in 2022 due to capacity shortages amid high demand following the end fo Covid pandemic restrictions, the Danish group said. “The high demand […]
COPENHAGEN, Jan 2, 2024 (AFP) – Shipping giant Maersk said on Tuesday it would not resume passage through a key Red Sea strait “until further notice,” after Yemeni rebels attacked one of its merchant ships. “We have decided to pause all transits through the Red Sea/Gulf of Aden until further notice,” Maersk said in a statement. “In cases where it makes most sense for our customers, vessels will be rerouted and continue their journey around […]
COPENHAGEN, Nov 3, 2023 (AFP) – Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates. Maersk’s net profit nosedived to $521 million between July and September against $8.9 billion a year earlier. “Our industry is facing a new normal with subdued demand, prices back in line with historical levels and inflationary pressure on our cost […]
By Camille BAS-WOHLERT Danish shipping giant Maersk on Thursday launched the world’s first container ship running on bio-methanol, a key step in its effort to lower its huge carbon footprint. Maersk, which sold its oil division to TotalEnergies in 2017, has set out a target to become carbon neutral by 2040. European Commission head Ursula von der Leyen christened the Laura at an inauguration ceremony in Copenhagen’s harbour, swinging a bottle of champagne across its […]
