Shipping: latest news, insights and analysis | ESM Magazine

Kaufland Marketplace To Launch In Poland And Austria

German retailer Kaufland plans to launch online marketplaces in Poland and Austria by late summer.

Dollarama Forecasts Annual Sales Above Estimates On Strong Demand

Dollarama forecast annual and quarterly sales above estimates, betting on consistent demand for its discounted groceries and essentials.

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...

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,...