Inflation

Hapag-Lloyd Posts 77% Drop In Nine-Month Net Profit, Cuts Outlook

Hapag-Lloyd Posts 77% Drop In Nine-Month Net Profit, Cuts Outlook

German container shipper Hapag-Lloyd recently posted a net profit of €3.2 billion for the first nine months of 2023, down by 77% from a year earl...

Maersk To Cut 10,000 Jobs, Sees Weaker Full Year Profit As Shipping Demand Wanes

Shipping group A.P. Moller-Maersk recently reported a steep drop in profit and revenue in the third-quarter, and said it would cut 10,000 jobs as it b...

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