A.P. Moller - Maersk and Hapag-Lloyd said they will reroute one of their joint container services to transit the Red Sea and ...

The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf ...

As its 2M alliance with Mediterranean Shipping Company (MSC) is set to dissolve in January 2025, Maersk announced Wednesday it would enter a new vessel-sharing agreement with fellow container shipping ...

HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd. At the end of the year, the ...

Maersk and Hapag-Lloyd will resume selected Red Sea container services under naval escort from mid-February, starting with the ME11 route ...

Ben Ames has spent 30 years as a journalist since starting out as a reporter for daily newspapers in Pennsylvania and Massachusetts. He has focused on business and technology reporting since 1999 for ...

Hapag-Lloyd's investment thesis hinges on potential overcapacity in container vessels, similar to Maersk. Despite a 67% drop in net profit, Hapag-Lloyd raised FY 2024 EBIT guidance due to stronger ...

Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world's oceans has risen significantly in recent weeks but the upswing may be ...

MSC, the world's largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was attacked Friday while transiting the Red Sea under ...

The latest research on Hapag-Lloyd trims fair value only slightly, from €100.82 to €100.14, while keeping the discount rate effectively unchanged at 5.55%. This points to a more fine tuned model ...