News & Events
21 April 2024
Maersk cutting at least 10,000 jobs as shipping boom unravels
COPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), opens new tab, reported a steep drop in third-quarter profit and revenue on Friday and...
19 April 2024
Cargo Ship Loses Containers in Northern Canada
Recovery operations are underway after a Canadian cargo ship lost about 20 containers overboard in northeastern Canada on Friday. The cargo loss involved the M/V...
17 April 2024
Some shipping lines are still posting 9-figure profits amid downturn
The predicted container shipping wipeout is not here yet. Several container lines are still posting nine-digit quarterly profits, despite a tepid peak season, slumpi...