How Maersk grew its shipping empire and how it’s evolving
Each year about 90% of world trade is transported by ship, according to the World Economic Forum. While commodities like oil and grain make up 40% of that cargo, large…
Baltimore disaster may be largest ever marine insurance payout: Lloyd’s
Baltimore City Fire Boat 2 floats past the Dali container vessel after it struck the Francis Scott Key Bridge that collapsed into the Patapsco River in Baltimore, Maryland, U.S., on…
What we know about the container ship
The Key Bridge was hit by a ship and collapsed on March 26, 2024. The Washington Post | The Washington Post | Getty Images Six construction workers were presumed dead…
U.S. economy will feel minimal impact
The steel frame of the Francis Scott Key Bridge sits on top of a container ship after it struck the bridge in Baltimore, Maryland, on March 26, 2024. Roberto Schmidt…
Houthis claim ‘catastrophic’ attack in Red Sea as crew abandons ship
Aerial view of a tanker. Bugto | Moment | Getty Images The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel…
Biden designates Houthis terrorist group, as U.S. ramps up Red Sea counterstrikes
Houthi supporters hold up rifles as they rally to protest the killing of Saleh al-Samad, a senior Houthi official, by a Saudi-led coalition air strike in Hodeidah, Yemen April 25,…
Shipping boss says Red Sea disruption could hit global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the world’s largest container shipping firms said Thursday. Maersk CEO Vincent…
Global shipping delays cast shadow over strong December jobs report
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty…
Maersk to extend Red Sea diversion for ‘foreseeable future’
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Danish shipping giant Maersk…
Maersk shares gain after shipping firm extends Red Sea pause
Shipping giant Maersk on Wednesday notched a second consecutive session of strong gains as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel…