Category: Shipping

  • Europe braces for summer ‘like no other’

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    Procurement-Newz
    in

    [ad_1] Stocks dropped for the second day in a row after the Nasdaq broke its 6-day winning streak on Tuesday. Investors and health officials appear to be growing increasingly worried about a potential second wave of Covid-19 cases and further economic downturn as states and foreign governments move ahead with lifting restrictions. Early data out of…

  • Maersk Expects Container Shipping Volumes to Fall Up to 25%

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    Procurement-Newz
    in

    [ad_1] A.P. Moeller-Maersk A/S expects container volumes to fall up to 25% this quarter and plans to cancel dozens of sailings as the Danish shipping giant copes with sliding demand in consumer and industrial markets from the coronavirus pandemic lockdowns. Maersk, which moves 17% of all containers world-wide, posted better-than-expected first-quarter earnings on Wednesday as…

  • Coronavirus live updates: Amazon loosens shipping restrictions

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    by

    Procurement-Newz
    in

    [ad_1] Stocks dropped for the second day in a row, after the Nasdaq broke its 6-day winning streak on Tuesday. Investors and health officials appear to be growing increasingly worried about a potential second wave of Covid-19 cases and further economic downturn as states and foreign governments move ahead with lifting restrictions. Early data out…