Tag Archives: ports

Shipping giant Maersk raised its annual profit forecast after reporting stronger-than-expected quarterly earnings on Thursday, attributing the performance to robust container shipping demand and strategic vessel diversions around Africa to bypass the Red Sea. The Copenhagen-based company, considered a bellwether for global trade, noted that ocean container shipping demand growth …

Maersk, a global leader in container shipping, unveiled fourth-quarter profits that fell short of expectations on Thursday, projecting significantly lower earnings for 2024 amidst an oversupply of container vessels and ongoing uncertainties surrounding disruptions in the Red Sea. Fourth-Quarter Performance and Earnings Outlook Maersk reported a notable decline in underlying …

In a recent client update, A.P. Moller-Maersk highlighted the adverse impacts of weather disruptions in northern European ports and the rerouting of ships away from the Red Sea. The company cited bottlenecks at container receiving berths due to these factors. Vessels were redirected from the Red Sea and the Gulf …

Beijing scrambles to contain the worst outbreak China has seen since Wuhan in early 2020, as daily infections surpass 5,000. Lockdowns in coastal cities, including the first imposed on Shenzhen, prompt warning that situation has ‘deteriorated at an alarming pace’, with big economic hit ahead. China faces biggest Covid-19 crisis …

U. S. logistics still need time to catch up with manufacturing pace. Improving conditions for supply chain labour is an efficient solution. Some call for changing the U. S. transportation age and drug testing rules by the Transportation Department for truck drivers to make taking these jobs easier.Others urge the …

The executive director of the Port of Long Beach warned on Monday of an industry crisis over supply chain disruptions.Mario Cordero, the official who is in charge of the largest container port complex in the United States, said that the supply chain is definitely disrupted and has been for some …