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The Latest Breaking News from Maersk

Maersk Ups Profit Target By $2bn On Red Sea Shipping Woes

Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea.

International Business Times

Houthi Rebels Target US-Flagged Ship In Gulf Of Aden

Houthi rebels attack U.S.-flagged ship in Gulf of Aden, escalating tensions in the region. U.N. staff detained, ongoing conflicts.

Top News

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa – but can that last?

The Guardian - UK

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Maersk suffers ‘capacity loss of 15-20%’ due to Red Sea crisis

Maersk faces 15-20% capacity loss due to Red Sea crisis, leading to rerouting, delays, and increased costs for customers.

The Hindu

Maersk's Net Profit Sinks Amid Red Sea Attacks

Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.

International Business Times

Nigeria Secures 0M Maersk Investment In Seaport Infrastructure

Nigeria secures 0 million investment from Maersk to revolutionize seaport infrastructure and boost maritime sector competitiveness.

Top News

Yemen’s Houthis launch attacks on US, Israeli vessels as warships defend

New attack comes two weeks after Iran-aligned group said it targeted three vessels and a US warship.

Al Jazeera

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Maersk To Offer Limited Baltimore Barge Service

Maersk considers limited barge service in Baltimore post-incident to maintain operational continuity.

Top News

Engineer Says Baltimore Bridge Collapse 'Unusual': 'Unconnected Bridge Decks Should Never Have Collapsed'

An engineer reveals that while the collision is substantial, a continuous through truss bridge like the Key Bridge is most unlikely to collapse.

International Business Times UK

US Embassy In Singapore Coordinates With Maritime Authority After Bridge Collapse

US Embassy in Singapore coordinates with Maritime Authority after a Singapore-flagged tanker causes the Francis Scott Key Bridge collapse in Baltimore.

Top News

Baltimore bridge collapse: What we know so far

A cargo ship rammed into Baltimore’s Francis Scott Key Bridge early Tuesday, causing the span to collapse and rescuers to launch a massive search for at least six people who are missing.

France 24

Maersk Drops Baltimore Port Services Due To Bridge Collapse

Maersk suspends services to Baltimore port after bridge collapse, redirecting ships to nearby ports.

Top News

Crew of cargo ship that lost power and collided with bridge in Baltimore, U.S. are all Indian

Cargo ship with all Indian crew collides with bridge in Baltimore, causing it to collapse; no injuries reported.

The Hindu

Maryland Declares State of Emergency After Collapse of Baltimore's Francis Scott Key Bridge

Two people have been rescued from the water but authorities are still searching for more

Latin Times

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The Guardian - US

Cargo ship that hit Baltimore bridge was involved in Antwerp collision in 2016

The Dali was reportedly detained in Belgium after scraping side of quay and significantly damaging part of hull in good weather

Top News

Container Ship Collision At Francis Scott Key Bridge In Baltimore

Maersk-chartered ship collision with a bridge in Baltimore raises concerns about maritime safety and the need for enhanced safety measures.

Top News

Maersk CEO Warns Container Rates At Unsustainable Levels

Maersk faces challenges with dropping container rates affecting revenue and profitability. CEO emphasizes sustainable rates and strategic decisions to navi...

The Guardian - UK

Houthi missile attack forces cargo ships with US navy escort to turn around

US navy shoots down two missiles and a third lands in sea as Iran-aligned group continues strikes against Red Sea shipping

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WEKU

As Houthi attacks on ships escalate, experts look to COVID supply chain lessons

Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.

Top News

Middle East unrest increasing costs and impacting global supply chains

Learn about the potential impact of unrest in the Middle East on business operations, shipping costs, and global supply chains, as discussed by industry le...

The Guardian - UK

What impact have UK and US strikes had on Red Sea shipping disruption?

At least 60 targets in Houthi areas of Yemen were hit but the rebels say attacks will continue until Israel stops its Gaza war

Al Jazeera

UK takes centre stage in Red Sea action, targeting Yemen’s Houthis

Three Royal Navy Frigates are now in the region, as the UK ramps up to its biggest military footprint since the Cold War

International Business Times UK

Billionaire Elon Musk's Tesla Halts German Production Amidst Shipping Attacks in Red Sea

The production pause brought about by the shipping attacks in the Red Sea may result in the non-production of approximately 5,000 to 7,000 cars.

The Conversation

Red Sea crisis: Suez Canal is not the only 'choke point' that threatens to disrupt global supply chains

The air strikes against targets in Yemen by the US and UK military have not been without criticism. They aim to keep the Houthis from attacking merchant vessels in the Bab el-Mandeb strait. Less than 30 ships have been attacked by Houthis since they seized the Israeli-linked Galaxy Leader vessel…

The Guardian - UK

Tesla pauses German production after Red Sea shipping attacks

Delays in delivery of parts result in suspension of manufacturing at factory near Berlin for two weeks

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