It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.
August 17, 2016maersk News Updates
Worldās 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, 2016Maersk Profit Plunges as Oil, Container Units Suffer
A.P. Moeller-Maersk A/S reported an 84% plunge in 2015 profit after its oil unit was hit by lower energy prices andĀ the container divisionĀ got squeezed between sluggish trade growth and overcapacity. The shares fell the most in almost a year.
February 10, 2016Global GDP Worse Than Official Forecasts Show, Maersk Says
The worldās economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.
November 9, 2015Maersk Line to Cut Capacity and Jobs as Global Demand Sags
A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the worldās largest shipping line to adapt to a drop in demand.
, November 4, 2015Shipping Braces for Pollution Tax After Climate Talks
The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse-gas emissions likely.
November 2, 2015Trending
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