Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Maersk raises full-year profit forecast yet again on higher freight rates
The Straits Times
|August 05, 2024
It says global transport disruptions expected to continue at least until the end of 2024
-
The global transport disruptions caused by the conflict in the Red Sea will last longer than expected and will not be resolved in 2024, according to AP Moller-Maersk, a bellwether for world trade.
The comments come as Maersk on Aug 1 raised its financial guidance for a third time in three months as higher freight rates continue to boost the company's profits. The global liner industry has been upended by conflicts that are forcing ships to sail south of Africa rather than through the Suez Canal.
This story is from the August 05, 2024 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Shop for cosy, comfy fitness gear at these three Singapore brands
Entering your soft era?
4 mins
October 31, 2025
The Straits Times
AUTUMN MYSTERY ON DERBY MISSION
Little-known Victorian trainer ‘living the dream’ with live chance at maiden Gl glory
2 mins
October 31, 2025
The Straits Times
S'pore forms company to buy green jet fuel
A company has been set up to buy and manage a supply of sustainable aviation fuel for Singapore’s air hub, the Civil Aviation Authority of Singapore (CAAS) said on Oct 30.
4 mins
October 31, 2025
The Straits Times
Commuting Clearer queue markings needed at bus interchange
I recently visited the Woodlands Integrated Transport Hub to board service 168. The berth I went to has three different bus services sharing the same space.
1 min
October 31, 2025
The Straits Times
Property Review clause for lease renewal commissions in agency agreements
The Council for Estate Agencies (CEA) should review the \"renewal commission\" clause found in its prescribed Estate Agency Agreement for the Lease of Residential Property by a Landlord.
1 min
October 31, 2025
The Straits Times
Forget gold. Aluminium is the real metal of the moment
For the last 25 years, Beijing has single-handedly supplied the world's incremental demand for the metal.
1 mins
October 31, 2025
The Straits Times
ATHLEISURE RENEWED
It may have peaked in the West, but players here say the fashion trend is still alive and kicking in Singapore
8 mins
October 31, 2025
The Straits Times
Tech sector sees layoffs amid rising Al use
The axing of 14,000 roles announced by Amazon on Oct 28 comes amid increasing use of artificial intelligence (AI) tools for routine tasks.
3 mins
October 31, 2025
The Straits Times
My Best Shot to defy handicap in Algoa Cup
Oct 31 South Africa (Fairview/Greyville) preview
5 mins
October 31, 2025
The Straits Times
Manpower Perm Sec Ng Chee Khern to retire; changes to other posts
Manpower Permanent Secretary Ng Chee Khern will retire on Dec 1, marking an end to 41 years in the public service during a career filled with distinction.
2 mins
October 31, 2025
Listen
Translate
Change font size