Shipping: latest news, insights and analysis | ESM Magazine

Bunge Quarterly Profit Tops Estimates As Processing Results Rise

Agricultural commodities trader Bunge Global reported better-than-expected first-quarter profit as strong oilseed processing results in Europe and Asia off...

Freight Forwarder Kuehne+Nagel's Profit Falls, Beats Forecast

Swiss freight forwarder Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures ami...

Shipping Industry Urges UN To Protect Vessels After Iran Seizure

Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East, the industry said in a letter.

Maersk Will Avoid Red Sea Despite EU Security Operation

Shipping company Maersk has said it is too early to resume sailings through the Red Sea due to a continued elevated risk level.

Container Rates Drop To Unsustainable Levels, Maersk CEO Says

The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk C...

Hapag-Lloyd Posts 83% Lower Net Profit In 2023

German container shipper Hapag-Lloyd has posted a net profit of €3.0 billion for 2023, down 83% from a year earlier, and cut its dividend by 85% in wh...

Geopolitical Upheaval And Legislative Change: More Turmoil For Shipping?

The maritime sector has been beset with disruption recently – geopolitical, legislative and climactic. Lena von Fritschen, director, market inte...

Red Sea Ship Attacks Not Driving Inflation, Moody's Says

Attacks on merchant vessels in the Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the im...