Tag: $Maersk

Danish shipping giant Maersk on Friday temporarily suspended two services linking the Middle East to Asia and Europe as the Iran war continues to disrupt global supply chains.

Danish shipping giant Maersk on Thursday posted stronger-than-expected third-quarter operating profit and raised the lower-end of its full-year guidance, bolstered by increasing container volumes.

Maersk suspended vessel transits of the Red Sea and Gulf of Aden in January after attacks on its vessels by Houthi rebels.

Danish shipping giant Maersk on Thursday flagged “high uncertainty” in its 2024 earnings outlook as Red Sea disruptions continue to weigh on the industry.

Danish shipping giant Maersk said Friday it would extend its diversion of vessels from the Red Sea for the “foreseeable future.”

Maersk’s decision to pause Red Sea transits until further notice underscores the difficulty for the U.S.-led Operation Prosperity Guardian.

There are tentative signs of a bounce back in global trade, according to the CEO of shipping titan Maersk.

The world’s second-largest shipping company, often seen as a bellwether for global trade, posted a second-quarter profit before interest, tax, depreciation and amortization (EBITDA) of $2.91 billion.