AP Moeller – Maersk A/S

Drought in the Panama Canal is forcing Maersk to use a “land bridge” for Oceania cargo.

by
Drought in the Panama Canal is forcing Maersk to use a "land bridge" for Oceania cargo.

A view of stranded boats on Lake Alhajuela during the summer drought in Colon province, 50 km north of Panama City, Panama, April 21, 2023. Lake Alhajuela is one of the main lakes that supplies water to the Panama Canal locks and is at its lowest level since last years. Luis Acosta | Afp | … Read more

Shipping chief says continued Red Sea disruption could have ‘significant implications’ for global growth

by
Shipping chief says continued Red Sea disruption could have 'significant implications' for global growth

Continued disruptions to trade flows across the Red Sea could hit global economic growth, the head of one of the world’s largest container carriers said on Thursday. Maersk Chief executive Vincent Clerc said it remained unclear whether waterway passage would be restored in “days, weeks or months”, in comments first provided to the Financial Times … Read more