Bad News for Shipping Has Been Good News for Shipping Stocks
Houthi attacks on ships and a drought in the Panama Canal have lifted shipping rates for companies like Genco.
Source: marketwatch.com
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Red Sea shipping disruption would be much worse if not for these factors: expert
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...
Source: marketwatch.com
A.P. Moller-Maersk stock plunges as shipping giant scraps share buybacks
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
Source: marketwatch.com
Maersk Suspends Share Buyback as It Navigates Uncertain Market; Shares Fall -- 2nd Update
By Dominic Chopping A.P. Moeller-Maersk shares plummeted Thursday after the shipping giant suspended its share buyback and warned earnings will fall sharply...
Source: marketwatch.com
U.K. cargo ship in the Red Sea attacked by a suspected Yemen Houthi rebel drone
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...
Source: marketwatch.com