Maersk Shares Plunge as Container Line Underperforms
A.P. Moller-Maersk A/S reported an unexpected loss after its container line, the world’s biggest, conceded market share and rising costs outpaced freight rates.
May 17, 2018Maersk Would Be Ready to Move Closer to Junk ‘For Right Reason’
A.P. Moller-Maersk A/S renewed a pledge to creditors to protect its investment-grade rating. But the man in charge of the shipping giant’s finances says there’s room to move a little closer to junk.
February 22, 2018World’s Biggest Container Liner Looks for Deals Outside Shipping
The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals.
February 20, 2018Maersk's CEO Can't Imagine Self-Sailing Box Ships in His Lifetime
The CEO of the world’s biggest shipping company says it’s unlikely container vessels will operate without humans in his lifetime.
February 16, 2018Amazon Threat Has Maersk Racing to Stop Clients From Becoming Rivals
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from becoming competitors in just a few years’ time.
Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year
A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders that profit at the world’s biggest shipping company will grow as much as 43% in 2018.
February 9, 2018Maersk, IBM Form New Blockchain Company for International Cargo
IBM and A.P. Moeller-Maersk A/S have started a company that will use new technologies such as blockchain, a digital ledger best known for underpinning bitcoin, to track cargo movements and automate paperwork for shipping across international borders.
A Caution From the World’s Biggest Shipping Line
The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery.
December 11, 2017AP Moller-Maersk Reports $1.5 Billion Loss in Third Quarter
Danish shipping and oil group AP Moller-Maersk reported a third-quarter net loss of $1.5 billion, the firm said Nov. 7, citing write-downs in its drilling division and costs from a cyberattack.
Maersk Stands to Get Another $7.5 Billion for Energy Divestments
Now that its oil and gas unit has been sold, A.P. Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division, with estimates valuing those businesses at $7.5 billion in total.
August 21, 2017