A.P. Moeller-Maersk A/Sās container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Koreaās two biggest shipping firms, according to Jefferies International Ltd.
September 26, 2016maersk News Updates
Maersk Ends Megaship Building Era With New Acquisition Plans
The owner of the worldās largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.
September 23, 2016Maersk to Split Group Into Separate Transport, Energy Companies
A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmarkās biggest company moves ahead with an historic shake-up of the conglomerate.
September 22, 2016Maersk Exploring All Options as Report Points to 2-Way Split
A.P. Moeller-Maersk A/S said it's still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.
August 19, 2016Analysis: Maersk's Sinking Feeling
It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.
August 17, 2016Worldās Biggest Shipping Firm Warns Against US Protectionism
A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the worldās largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.
August 16, 2016Hyundai Merchant to Join Maersk Alliance
Hyundai Merchant Marine Co. will join the worldās biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.
July 19, 2016Maersk Chairman Says āStrategic Optionsā Include Company Split
A.P. Moeller-Maersk A/S replaced its CEO as the owner of the worldās biggest shipping company explores a number of āstrategic optionsā that may include splitting up its operations.
June 23, 2016Maersk Earnings Fall, Hurt by Weaker Ocean Freight Rates
Danish firm Maersk Group, owner of the largest ocean carrier, earlier this month reported first-quarter earnings plummeted nearly 90% to $224 million, weighed down by an even greater profit decline at Maersk Line due to downward pressure on container freight rates.
May 9, 2016World's Biggest Shipping Company Pours Billions Into Expansion
The worldās biggest shipping company is taking advantage of low industry prices to build its business across units.
April 6, 2016Trending
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