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Maersk CEO says an underlying demand for container transport is stretching capacity, leading to bottlenecks at ports in Europe, Africa and China

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With Maersk pausing operations through the Suez Canal amid a slew of drone attacks on container vessels in the region, CEO Vincent Clerc says re-routing traffic around the southern tip of Africa will cause shipping delays of two to four weeks.
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🇨🇳🇺🇸🇵🇦 BREAKING | China has told Danish shipping group Maersk and Switzerland-based Mediterranean ​Shipping Company (MSC Shipping) to cease operating ports ‌on the Panama Canal, the Financial Times reported on Wednesday. In a meeting with China's state planner last month, ​Maersk and MSC Shipping were told to ​withdraw from the Balboa and Cristóbal ports ⁠immediately, the report said, citing two people ​familiar with the talks. Maersk and MSC were told not to "engage ​in illegal activities that harm the interests of Chinese companies, ‌and ⁠to uphold commercial ethics and international rules," the report said. Panama has granted temporary 18-month concessions to keep the terminals operating, with APM Terminals, a unit ​of Maersk, ​managing Balboa ⁠and TIL Panama, a unit of MSC, handling Cristobal. CK Hutchison has faced heavy ​criticism from China since unveiling a ​plan ⁠in March 2025 to sell 43 ports in 23 countries, including the Balboa and Cristóbal ports, ⁠to ​a group led by BlackRock ​and Italian Gianluigi Aponte's family-run shipping firm MSC. See the latest updates with us: Visioner
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🇨🇳🇺🇸🇵🇦 BREAKING | China has told Danish shipping group Maersk and Switzerland-based Mediterranean ​Shipping Company (MSC Shipping) to cease operating ports ‌on the Panama Canal, the Financial Times reported on Wednesday. In a meeting with China's state planner last month, ​Maersk and MSC Shipping were told to ​withdraw from the Balboa and Cristóbal ports ⁠immediately, the report said, citing two people ​familiar with the talks. Maersk and MSC were told not to "engage ​in illegal activities that harm the interests of Chinese companies, ‌and ⁠to uphold commercial ethics and international rules," the report said. Panama has granted temporary 18-month concessions to keep the terminals operating, with APM Terminals, a unit ​of Maersk, ​managing Balboa ⁠and TIL Panama, a unit of MSC, handling Cristobal. CK Hutchison has faced heavy ​criticism from China since unveiling a ​plan ⁠in March 2025 to sell 43 ports in 23 countries, including the Balboa and Cristóbal ports, ⁠to ​a group led by BlackRock ​and Italian Gianluigi Aponte's family-run shipping firm MSC. See the latest updates with us: Visioner

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French President Emmanuel Macron, in Kenya for the Africa Forward summit, called for a ‘fundamental reset’ in Africa–Europe ties and announced $27 billion in investments for the continent. He says Europe is no longer dictating terms but seeking a ‘partnership of equals.’
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French President Emmanuel Macron, in Kenya for the Africa Forward summit, called for a ‘fundamental reset’ in Africa–Europe ties and announced $27 billion in investments for the continent. He says Europe is no longer dictating terms but seeking a ‘partnership of equals.’

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