Maersk, Hapag-Lloyd will add more vessels to alliance if Red Sea disruption continues

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Maersk, Hapag-Lloyd will add more vessels to alliance if Red Sea disruption continues
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Maersk and Hapag-Lloyd could add more container vessels to an alliance announced earlier this year if shipping disruptions in the Red Sea continue, the...

Maersk and Hapag-Lloyd could add more container vessels to an alliance announced earlier this year if shipping disruptions in the Red Sea continue, the companies said on Tuesday. Attacks in the Red Sea by Iran-aligned Houthi militants have since late last year forced shipping companies to reroute traffic away from the Suez Canal and instead sail around Africa, a longer journey that ties up more capacity.

German airline Lufthansa is considering taking a stake in Latvia's state-owned carrier airBaltic ahead of its IPO, a source familiar with the matter told Reuters on Tuesday. Europe's airline industry has gradually consolidated over the past 20 years but remains fragmented, with small national carriers struggling to compete with larger rivals. Lufthansa is assessing its options but it is in the early stages, the source said.

Click on the links below or scroll down for full scores from the five matches in the 12th round of the 2024 Vitality County Championship.Israel-based Quantum Source has raised $50 million to help produce quantum computers that use a light-based technology to crunch data, the company said on Tuesday. Tech giants such as Alphabet's Google and Intel are working on various approaches to constructing a commercially useful quantum computer.

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