Memphian Logistics LLC

Maersk flags 2026 earnings hit as Suez return, overcapacity hit freight rates

Maersk flags 2026 earnings hit as Suez return, overcapacity hit freight rates Danish shipping giant Maersk said on Thursday falling freight rates, driven by container-vessel overcapacity and the gradual resumption of shorter Red Sea routes, could halve earnings in 2026, dragging its shares down sharply.

Global defense stocks surge after Trump calls for $1.5 trillion military budget in 2027 U.S. defense stocks rallied in pre-market moves, following their European counterparts.