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...He added that continued pay cuts were in line with the general tone at China’s Central Financial Work Conference in October chaired by Xi. “You have to listen to the calling from the party,” he said....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...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....
...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....
...He anticipated most shipping lines would follow a “hybrid” approach, increasing speeds only to 15 or 16 knots....
...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....
...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....
...Woldbye, who switched to the aviation industry after 27 years at shipping and logistics giant Møller-Mærsk, including leading its global shipping and ferry divisions, is an “operational type”, according...
...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....
...The line-up of concerts is impressive, not least because Pappano himself will be conducting a high proportion of them....
...Maersk, the world’s second-largest container shipping line, said it would no longer send its US-flagged fleet through the area....
Administrators raise $884mn from partial sale of stake in AI start-up Anthropic
...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....
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