Shipping

Hapag-Lloyd More Than Trebles H1 Net Profit

German container shipper Hapag-Lloyd on Thursday posted a net profit of €8.7 billion ($8.94 billion) for the first half of 2022.

Maersk Sees Weaker Container Demand As Durable Goods Sales Dry Up

Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a 'standstill', leaving flat-screen TVs and furni...

Ship Insurers Seek More Assurances On Ukraine Grain Corridor

Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international nav...

Hapag-Lloyd Q1 Net Profit More Than Triples, Expects Strong Q2

Hapag-Lloyd on Thursday reported first-quarter net profit of €4.2 billion.

Maersk In Talks With Buyers For Stake As Quits Russia

Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following...

Maersk Revises Up Profit Guidance On Exceptional First Quarter

Maersk on Tuesday raised its guidance for the full year after first-quarter operating profit came in above its previous expect.

Maersk Calls At Russian Ports To Pick Up 50,000 Stranded Containers

Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers...