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Top related persons:
” Clerc - 2 ” - 1 Marcus Baker - 1 Marsh McLennan - 1 Baker - 1 Vicent Clerc - 1 CNN’s Richard Quest - 1 Mark Zandi - 1
Top related locs:
Israel Marsh Suez Africa China Davos Switzerland “
Top related orgs:
Maersk - 2 CNN - 1 US - 1 US Central Command - 1 International Monetary Fund - 1 Oxford University . Shipping - 1 P - 1 Moody’s - 1

Search resuls for: "” Clerc"


2 mentions found


☆ Insurers shun many ships carrying goods through the Red Sea as attacks continue
  + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.
Persons: ”, Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, “, Asia, Europe, Germany, Wells Fargo, Iran
☆ Shipping Company Maersk to Slash 10,000 Jobs, Citing the Difficult Container Trade Environment
  + stars: | 2023-11-03 | by ( Associated Press | Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
COPENHAGEN, Denmark (AP) — Maersk, the world’s biggest shipping company, said Friday that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. The company said the move would result in savings of $600 million in 2024. The report cited “challenging market conditions resulting in substantially lower freight rates compared to the abnormally high rates in 2022.”A.P. Moller-Maersk CEO Vincent Clerc said the company will continue to streamline its organization and operations. The company said it now expected annual global container volume growth in the range of -2% to -0.5% compared to -4% to -1% previously.
Persons: — Maersk, ” A.P, Moller, Vincent Clerc, ” Clerc, “ Organizations: Maersk Locations: COPENHAGEN, Denmark, Copenhagen
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