Aerial view of Dundalk Marine Terminal in Baltimore, Maryland, on October 3, 2024.
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Shares of Moller-Maersk fell more than 8% on Friday as European shipping companies fell as a U.S. port strike ended.
The American Longshoremen and the American Maritime Union reached a tentative agreement on wages on Thursday and extended the existing contract until Jan. 15 to provide time for negotiations on a new deal.
A prolonged strike would help European shippers capture a greater share of global supply chain demand.
As of 8:32 a.m. London time, Maersk shares fell 7.65%.
German lloyd table down 11.75%. Kuehne+Nagel Also down 1.79%.
This is a breaking news story. Please check back for updates.
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