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...The container ship Gibraltar Eagle was targeted on January 15, as was the Genco Picardy two days later, the Maersk Detroit on January 24 and the Marlin Luanda on January 26....
...Shares in Copenhagen-listed Maersk fell more than 13 per cent in early trading on Thursday....
...Maersk is part of Denmark’s AP Møller-Maersk....
...Maersk added that terminals in Algeciras and Tangier were also suffering....
...Danish shipping line AP Møller-Maersk will cut 10,000 jobs, almost a tenth of its workforce, after it reported sharp falls in revenues and profits in “a difficult market environment”....
...Denmark’s AP Møller-Maersk offered an update on the situation at its third-quarter results on Friday. The container line operator reported steep falls in profits and revenues compared to last year....
...But the disruption has been something of a gift to shipping lines. Danish containerline Maersk joined other groups and confirmed this week that transits along the route would pause....
...Denmark’s Maersk, the world’s second-biggest container shipping line, confirmed that it had chartered Dali....
...Container shipping lines had already warned this year would be much tougher, but the outlook has deteriorated....
...That is also boosting share prices for shipping lines. Maersk and Germany’s Hapag-Lloyd are up about 20 per cent over the same period....
...He anticipated most shipping lines would follow a “hybrid” approach, increasing speeds only to 15 or 16 knots....
...Maersk had flagged 10,000 job cuts at the end of last year. Logistics now account for 15 per cent of CMA CGM’s core profits, compared with under 4 per cent a year earlier....
...Shares in Denmark’s AP Møller-Maersk, operator of the world’s second-largest container ship fleet, fell sharply this month after its chief executive warned that industry overcapacity would put the company...
...Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand....
...“We’re doing severe export controls, in line with applicable sanctions,” said DHL....
...During the boom, Maersk was dethroned as the world’s largest container line by Mediterranean Shipping Company as the two companies have pursued widely different strategies....
...Maersk, the world’s second-largest container shipping line, said it would no longer send its US-flagged fleet through the area....
...The number of diversions has increased since an attack on December 30 on the Maersk Hangzhou, operated by Denmark’s AP Møller-Maersk....
...Mediterranean Shipping Company, the world’s biggest container line, and Maersk, the market number two, have also expanded their logistics operations in recent years, both through organic growth and acquisition...
...Maersk and Hapag-Lloyd’s agreement this year to shift cargo to Shenzhen’s Yantian port instead of Hong Kong underlines the trend, according to analysts....
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
...Authorities and shipping lines are trying to raise the industry’s appeal to women....
...AP Møller-Maersk warned of a “radically changed business environment” as profits plunged at the world’s second-largest container shipping line following a sharp drop in demand and freight rates....
...In 2019, Maersk was the market leader by capacity in 38 countries out of 153 served by container shipping lines, 10 more than MSC....
...AP Møller-Maersk warned of a “radically changed business environment” as profits plunged at the world’s second-largest container shipping line and worries grew about a wave of new ships soon to add to pressure...
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