A.P. Møller - Mærsk A/S (AMKBY)
- Reuters
UPDATE 5-Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry's capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The risk zone has expanded, and attacks are reaching further offshore," Denmark's Maersk said.
- The Telegraph
Gazprom swings to £5bn loss in blow to Putin
Kremlin-owned natural gas giant Gazprom has plunged to its worst loss in at least 25 years in a blow to Vladimir Putin’s war economy.
- Bloomberg
Maersk Sees Improved Prospects for Global Container Trade
(Bloomberg) -- A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV MarketGlobal cont
