Maersk Ratchets Up Profit Guidance After Freight Rates Soar
A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.
Shipping Watchdog Urged to Speed Up Pace on Emission Curbs
Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.
Shipping Container Rates Top $10,000 From Asia to Europe
The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.
Maersk Can’t Find Enough Women to Pursue Top Jobs
The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.
Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit
A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.
March 10, 2021A.P. Moller-Maersk Reports Rebound in Business
The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Feb. 10 reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
February 10, 2021Maersk Loses 750 Containers as Seas Hammer L.A.-Bound Ship
One of AP Moller-Maersk’s containerships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.
Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
Maersk Warns of Africa Piracy Risk After Cargo Ship Attacked
A containership owned by A.P. Moller-Maersk A/S was attacked off the West African coast, prompting the company to warn of a rising risk from piracy in the area.
Maersk Raises Guidance for Second Time in as Many Months
A.P. Moller-Maersk A/S raised its guidance for a second time since October as the world’s biggest container shipping company enjoys stronger demand than originally projected amid the COVID crisis.