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Maersk, Hapag-Lloyd Resume Suez Canal Route for Key Shipping Service

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Danish shipping company Maersk and Germany’s Hapag-Lloyd have announced that one of their joint Gemini network services will resume transiting through the Suez Canal instead of taking the longer route around Africa’s Cape of Good Hope. The move marks a significant step toward restoring normal operations on the crucial Asia-Europe shipping corridor. The two companies […]

Ukraine Drone Strikes Deepen Fuel Crisis in Russian-Occupied Territories

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Ukraine’s intensified drone campaign against Russian-controlled territories is disrupting key supply routes and worsening fuel shortages in occupied Crimea and other southern regions. Recent attacks on highways, bridges, fuel tankers, and logistics infrastructure have significantly reduced the movement of military and civilian supplies, causing long queues at petrol

Maersk cuts 10,000 jobs as shipping demand falls

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One of the world’s largest shipping companies, AP Moller-Maersk, has announced plans to cut an additional 3,500 jobs, following a previous reduction of 6,500 positions earlier in the year. The decision comes as a response to diminished demand and reduced freight rates. Maersk experienced a significant decline in profits, plummeting by 92% during the latest […]