Free Porn
xbporn
6.3 C
Hamburg
Wednesday, November 13, 2024
Home News Financial difficulties for two of the biggest container lines

Financial difficulties for two of the biggest container lines

A.P. Moller-Maersk A/S is in an unusual place this year, as it finds itself the target of an attack by hedge funds. Shares in Maersk declined by more than 3% on Monday due to negative speculation brought about by rising fuel costs and the impact of the US-China trade war, according to Bloomberg.

Maersk Line, the biggest shipping container line in the world, has seen its short positions increase to about 6%, the highest on record, compared with 0.8% in September, as hedge funds fear the effect tariffs from U.S and China will have on transpacific trade.

Maersk Line, which has seen its shares drop by 20% this year alone, is not the only container line facing financial problems.

Hapag-Lloyd, the fifth biggest container line in the world, announced in July that it was going to cut costs in response to underwhelming profit forecasts that saw it lose almost $1.4 billion.

Read more on Bloomberg.





Latest Posts

Euroseas secures new charter contracts for two boxships

Euroseas, a Greek owner and operator of container vessels, has announced new time charter agreements for its 2001-built feeder container ships, EM Corfu and...

Iranian Ports Emerge as Chabahar Gains Strategic Edge in Regional Trade Network

Tehran Times recently reported that Iranian ports processed over 16.2 million tons of oil products and more than 30.1 million tons of non-oil goods...

Maersk announces MECL service rotation alterations

Danish ocean carrier Maersk has decided to make changes in the MECL service rotation to restore schedule reliability. As of February 2025, we will be...

APM Terminals selects CareGo consortium for Rotterdam’s Maasvlakte II expansion

APM Terminals has awarded the civil works and electrification contract for the expansion of its Maasvlakte II (MVII) container terminal in Rotterdam, Netherlands, to...

Supply chains in Middle East lose resilience amid geopolitical shifts

  The global economy's supply chains are currently strained due to geopolitical tensions, labor disruptions, and natural disasters. An analysis by S&P Global Market Intelligence indicates...