“The double whammy effect of Suez reopening and Gemini cooperation on container shipping operations could be nothing short of revolutionary,” said Marc Iampieri, Global Co-Leader of ...

Shipping rival Hapag-Lloyd said separately that the global oversupply of container ships and the crisis in the Red Sea will force it to cut costs in 2024.

A.P. Moller-Maersk (OTCPK:AMKBY) (OTCPK:AMKBF) -3% in European trading Wednesday as Morgan Stanley downgrades shares to Underweight from Equal Weight, as concerns about oversupply in the shipping ...