Maersk

Maersk, Hapag-Lloyd shift four more services to Suez Canal

Maersk A.P. Møller - Mærsk A/S announced on Monday that four more of its joint container services with Hapag-Lloyd will resume sailing through the Suez Canal, shifting away from the longer route around the Cape of Good Hope. The move…

Maersk extends booking suspensions across Gulf as Hormuz crisis deepens

A.P. Moller-Maersk A.P. Møller - Mærsk A/S continues to levy emergency freight charges on Middle East-bound cargo as the Strait of Hormuz crisis enters its seventh month, with the shipping giant's latest operational update confirming surcharges of $1,800 per 20-foot…

Maersk warns of shipping strains as Canada tariffs take effect

Maersk A.P. Møller - Mærsk A/S issued its September 2026 North America market update on Wednesday, warning shippers that a new round of U.S.-Canada tariffs, tightening domestic freight conditions, and lingering disruptions from typhoons and European port strikes are converging…

Maersk CEO says full Suez Canal return on track for 2026

Shipping giant Maersk A.P. Møller - Mærsk A/S has signaled that it expects the full resumption of navigation through the Suez Canal by the end of 2026, as the company continues gradually expanding services through the Red Sea corridor even…

Maersk doubles quarterly profit, raises outlook for second time this year

Maersk A.P. Møller - Mærsk A/S on Thursday reported second-quarter earnings that far exceeded expectations and raised its full-year guidance for the second time in 2026, as port congestion, strong Chinese exports, and disruptions from the Middle East conflict combined…

Hapag-Lloyd says Strait of Hormuz closure cost $600M in Q2

Hapag-Lloyd reported on Thursday that the closure of the Strait of Hormuz cost the company approximately $600 million in the second quarter of 2026, dragging net profit down sharply even as stronger freight rates and Asian export demand provided a…

Rerouted global shipping embeds new inflation pressures beyond oil prices

The containerized freight index stands 87% higher than a year ago, and analysts warn that the cascading costs of rerouted global shipping — not just elevated oil prices — are now embedding themselves in consumer prices worldwide in a form…

Hormuz shipping crisis drives up global food and freight costs

The collapse of the U.S.-Iran ceasefire in early July has plunged the Strait of Hormuz back into crisis, sending shockwaves through global supply chains that extend far beyond oil prices — driving up freight costs, insurance premiums, fertilizer prices, and…

Global shipping rates hit post-pandemic high as Hormuz traffic plunges

Container shipping rates have surged to their highest levels since the pandemic-era supply chain crisis of 2022, driven by a combination of rush shipments ahead of U.S. tariff deadlines, ongoing disruptions in the Strait of Hormuz, and port congestion that…

Maersk, Hapag-Lloyd resume Suez Canal sailings for Asia-Europe route

Shipping giants Maersk A.P. Møller - Mærsk A/S and Hapag-Lloyd announced on Monday that they will resume some sailings through the Suez Canal under their Gemini joint network, marking the first return of a major Asia-Europe service to the waterway…

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…