Maersk Oil
Red Sea crisis to cause 15-20% industry capacity loss, says Maersk
According to Maersk, the effects of the situation in the Red Sea are widening and continuing to cause industry-wide disruptions
 "Red Sea crisis to cause 15-20% industry capacity loss, says Maersk")
Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk
Maersk is viewed as a barometer of world trade
 "Red Sea disruption to traffic cuts Q2 capacity by 15%-20%, says Maersk")
Maersk sends two container ships carrying goods for US army through Red Sea
With a fleet of 20 smaller container vessels, the unit ships goods for U.S. agencies including the Department of Defense, State Department and USAID, Maersk said
Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60 per cent and insurance premium by 20 per cent, a report by economic think tank GTRI said on Saturday. This conflict could also result in increased shipping costs (40-60 per cent) and delays due to rerouting (up to 20 days more), higher insurance premiums (15-20 per cent), and potential cargo loss from piracy and attacks. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants. Due to these attacks, the shippers are taking consignments through the Cape of Good Hope, resulting in delays of about 20 days. The Houthi conflict's disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said. It said that India, heavily rel
 "Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI")
War, weather put global ocean shippers on notice for rough seas in 2024
Maersk on Friday joined other major ocean carriers in rerouting ships away from the Red Sea to avoid missile and drone attacks in an area that leads to the vital Asia-Europe Suez Canal shortcut
 "War, weather put global ocean shippers on notice for rough seas in 2024")
Oil prices rise as Blinken begins week-long sweep through the Middle East
Shipping giant Maersk said it will divert all vessels away from the Red Sea for the foreseeable future, warning customers of disruptions
Brazilian prosecutors sue Maersk over corruption, seek to freeze $200 mn
Prosecutors said there was evidence of bribe payments to Petrobras employees in exchange for privileged information that allowed Maersk to secure shipping contracts
 "Brazilian prosecutors sue Maersk over corruption, seek to freeze $200 mn")
Total boosts North Sea business with $7.5-bn Maersk Oil deal
Purchase also signals some oil majors are prepared to invest to replenish reserves, boost production
 "Total boosts North Sea business with $7.5-bn Maersk Oil deal")
