A research team led by Sam Purkis, a professor and chair of the Department of Marine Geosciences at the University of Miami, ...

Maersk hiked its dividend after posting a better-than-expected fourth-quarter swing to profit, with results boosted by higher shipping rates due to Red Sea trade disruption.The Danish shipping company ...

Maersk returned $1.6bn to shareholders during 2024 through dividends and share buybacks. In February last year, the buyback ...

DUBAI, United Arab Emirates (AP) — An explosion has struck a Hong Kong-flagged container ship traveling north through the Red Sea, sparking a major fire that forced its crew to abandon the ...

Yemen’s Houthi rebels have released the crew of the Galaxy Leader, a vehicle carrier seized in November 2023 at the start of their attacks on shipping in the Red Sea corridor over the Israel-Hamas war ...

Explosion Forces Crew to Abandon Hong Kong-Flagged Container Ship in the Red Sea DUBAI, United Arab Emirates (AP) — An explosion has struck a Hong Kong-flagged container ship traveling north ...

A.P. Moeller-Maersk swung to a net profit in the fourth quarter that exceeded analysts' expectations, as disruptions to the Red Sea shipping supported higher shipping rates. The Danish shipping ...