container shipping

Cosco and OOCL begin Red Sea transits in broadening Suez Canal return

Chinese carriers Cosco Shipping and subsidiary Orient Overseas Container Line (OOCL) began resuming Red Sea transits on Tuesday, joining Ocean Alliance partner CMA CGM in a broadening industry return to the Suez Canal that is reshaping container shipping nearly three…

Maersk nearly doubles 2026 profit forecast on surging container demand

A.P. Moller-Maersk A.P. Møller - Mærsk A/S upgraded its full-year 2026 financial guidance on Monday, citing strong container market demand that has outpaced earlier expectations. The Copenhagen-based shipping giant now expects underlying EBITDA of $8 billion to $10 billion, up…