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Red Sea shipping disruptions getting worse, Maersk says
May 6, 2024

Red Sea shipping disruptions getting worse, Maersk says

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Maersk is forecasting industry-wide capacity reduction of up to 20% for cargo shipping between Asia and Europe; Global growth in gasoline consumption is likely to slow, consulting group says; EU clears Nippon Steel’s buyout of U.S. Steel; Berkshire Hathaway trims stock holdings.