Maersk to Split Group Into Separate Transport, Energy Companies
A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmark’s 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.
World’s Biggest Shipping Firm Warns Against US Protectionism
A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s 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 world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses.
Maersk Chairman Says ‘Strategic Options’ Include Company Split
A.P. Moeller-Maersk A/S replaced its CEO as the owner of the world’s biggest shipping company explores a number of “strategic options” 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 world’s 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 and the container division 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 world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.
November 9, 2015