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 ...

Hapag-Lloyd posted surprisingly strong results despite a challenging industry backdrop. But with the supply/demand balance poised to get worse before it gets better, it may be too early to underwrite ...

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 ...

Hapag-Lloyd (XTRA:HLAG) has been quietly recalibrating after a volatile stretch for container shipping, and the stock’s recent moves are making investors reassess how much long term value remains in ...

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 Hapag-Lloyd containership "Berlin Express" is moored at Burchardkai in the Port of Hamburg. Marcus Brandt/dpa The sharp drop in freight prices following the pandemic has caused a slump in sales ...

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 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 ...

Stream Connecticut News for free, 24/7, wherever you are. MSC, the world's largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM ...