The disruptions caused by Houthi attacks on cargo ships in the Red Sea would be much worse were it not for the Lunar New Year holiday and the lingering.
A.P. Moller-Maersk halted its $1.6 billion share buyback plans as it warned attacks in the Red Sea could continue impacting its business throughout 2024
By Dominic Chopping A.P. Moeller-Maersk shares plummeted Thursday after the shipping giant suspended its share buyback and warned earnings will fall sharply.
A ship traveling through the southern Red Sea was attacked by a suspected Yemen Houthi rebel drone early on Tuesday, authorities said, the latest assault in.