Maersk, the world"s largest shipping company, says the Suez Canal blockage"s economic fallout will continue into second half of May

Denmark's shipping Maersk is the world's largest shipping company, and it is thus safe to say that what it sees in terms of global trade is indicative of real trade conditio.....»»

Maersk, the world's largest container shipping company, has announced that the ongoing disruptions in the Red Sea will significantly impact the industry's capacity in the second quarter. read more.....»»

Oil futures end higher Monday, shaking off earlier losses, with traders expecting shipping delays to persist, even as one of the world's largest container vessels has been freed in the Suez Canal......»»

Crude-oil futures finished higher Friday as a 220,000 ton cargo ship blocked the Suez Canal for a fourth straight day and efforts to dislodge one of the world's largest container vessels from the critical trade waterway proved unsuccessful......»»

'Weak Start To The Year' - Maersk Warns Paralyzed Chinese Factories To Damage Global Economy A.P. Moller-Maersk A/S, the world's largest container shipping company, warned Thursday that the Covid-19 outbreak in China, and quickly sprea.....»»

Reuters CEO of Maersk, the world's largest shipping company, warns the impact of President Donald Trump's trade war will be bigger in the US than anywhere else. It could knock 4% off US trade annually, Soren .....»»

Shares in Maersk, the world's largest shipping company, tumbled Thursday after it warned of a serious trade slowdown in 2019......»»

COVID-19 and the Suez Canal blockage have disrupted the global supply chain and changed demand. Mary Meisenzahl/Insider I visited four stores to see how shipping delays and worker shor.....»»

The whole world - including Egypt - made memes about the Ever Given's grounding. They were on the rescue team's mind when the ship was freed. A man waves an Egyptian flag the Ever Given sails in the Suez Canal, Egypt on March 29, 20.....»»

Maersk "Suspends" Many Short-Term Bookings As Suez Backup Strains Capacity  The Suez Canal blockage's ripple effect on the global supply chain has forced Maersk to suspend bookings of short-term contract.....»»

The giant container ship Ever Given shipping vessel, after being stuck on the world's busiest trading channel Suez Canal for nearly a week, is near to being fully refloated by engineers on read more.....»»

Congestion in the Suez canal may cause shipping delays with instant coffee and other products......»»

The Suez Canal, which cuts through Egypt to connect the Mediterranean and Red seas, is so important to world trade that world powers have fought over it since it was completed in 1869. That strategic shipping lane was completely blocked on Marc.....»»

The Cow Guy at AG Optimus Scott Shellady and former investment banker Carol Roth weigh in on the economic impact of lodged cargo ship in the Suez Canal......»»

JPMorgan said if this situation is not resolved soon, investors can expect shipping rates to soar and global inflation to continue to rise. The Ever Given, tr.....»»

Bond yields fell for the third day as investors reacted to rising coronavirus cases in Europe and Fed dovishness. Bond yields continued to fall, while US tech stock futures picked up. Lucas Ja.....»»

Ever Given, a nearly 200-foot-wide and 1,300-foot-long cargo ship has caused a logjam in the canal, which directly connects Europe to Asia. Ever Given, the large yellow vessel pictured, stuck in the middl.....»»

Reuters Maersk, the world's biggest shipping company said it expect volumes across all businesses to fall .....»»

STAMFORD, Conn., May 07, 2020 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ:EGLE) ("Eagle Bulk", "Eagle" or the "Company"), one of the world's largest ow.....»»

Economic fallout of the coronavirus pandemic isn’t just hurting small business — it’s hitting some of the biggest companies in the world. Google LLC parent company Alphabet Inc. CEO Sundar Pichai told his workforce in a widely cited email on .....»»