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A.P. Møller - Mærsk A/S (AMKBF)

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  • Reuters

    Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

    COPENHAGEN (Reuters) -Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The risk zone has expanded, and attacks are reaching further offshore," Denmark's Maersk said.

  • Reuters

    UPDATE 5-Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

    Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The risk zone has expanded, and attacks are reaching further offshore," Denmark's Maersk said.

  • The Telegraph

    Gazprom swings to £5bn loss in blow to Putin

    Kremlin-owned natural gas giant Gazprom has plunged to its worst loss in at least 25 years in a blow to Vladimir Putin’s war economy.