Red Sea

Maersk Says Red Sea Disruption Will Cut Capacity By 15% To 20% In Q2

The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry's capacity between the Far East and Europe...

Maersk Posts First Quarter Profits Above Expectations

Shipping group Maersk has reported first-quarter earnings above expectations and lifted the lower end of its full-year profit guidance range, supported by...

Prices Of European Flexible Packaging Materials Rise In First Quarter

The prices of European flexible packaging materials have increased in the first quarter of 2024 due to shipping disruptions in the Red Sea.

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.

Brazil Approaches 2024 Robusta Harvest As Prices Skyrocket

Brazilian farmers are preparing to start harvesting a larger robusta coffee crop this year just as local prices are at an all-time high and London robusta...

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.

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...

Retailers Demand More Action From EU To Resolve Red Sea Crisis

European retail industry body EuroCommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade,...

Britain's Tea Supply Facing Disruption From Red Sea Crisis