World’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.
February 12, 2018Maersk 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.
January 16, 2018A 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.
November 8, 2017Maersk 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, 2017Maersk Says June Cyberattack Will Cost It Up to $300 Million
A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.
August 16, 2017The World’s Shipping Companies Are Going Super-Sized
A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.
August 16, 2017