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A.P. Moller-Maersk A/S, the world's second-largest shipping company, saw a significant stock plunge following disappointing fourth-quarter earnings and the suspension of its stock repurchase program.
Yemens Houthi rebels have been menacing merchant shipping since mid-November, attempting to board vessels and hitting them with missiles and drones.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Mitsui OSK Lines Ltd. warns that shipping disruptions in the Red Sea could last from a few months to a year, posing significant risks to global supply chains.
(Bloomberg) -- The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui OSK Lines Ltd., threatening exports.Most Read from BloombergKing Charles Treated for Cancer in New Royal Health ScareWhy NYC Apartment Buildings Are on Sale Now for 50% OffXi to Discuss China Stocks With Regulators as Rescue Bets BuildChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsEastern Europe’s Richest Woman Pivots