maersk
Business, Logistics, TCA

AP Moller-Maersk Reports $1.5 Billion Loss in Third Quarter

kees torn/Flickr

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.

DPA | Hamburg, Germany
November 8, 2017
Business, Fuel

Maersk Stands to Get Another $7.5 Billion for Energy Divestments

Drilling rig Maersk Drilling

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.

Christian Wienberg | Bloomberg News
August 21, 2017
Business, Logistics

Maersk Says June Cyberattack Will Cost It Up to $300 Million

Maersk ship Emma Maersk Line

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.

Christian Wienberg | Bloomberg News
August 16, 2017
Business, Logistics

The World’s Shipping Companies Are Going Super-Sized

A Maersk Ship kees torn/Flickr

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.

Kyunghee Park | Bloomberg News
August 16, 2017
Business

World’s Largest Container Line Hit By Global Cyber Attack

Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.

Bloomberg News
June 28, 2017
Business

Biggest Containership Ever to Call at a Florida Port Arrives at PortMiami

The Maersk Shanghai slipped into Government Cut before dawn June 14 and headed to its berth at PortMiami, becoming the largest containership to ever call at a Florida port.

Mimi Whitefield | Miami Herald
June 15, 2017
Business, Logistics

World's Biggest Container Line Scales Down Bond-Market Reliance

Tomohiro Ohsumi/Flickr

The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future.

Christian Wienberg | Bloomberg News
May 15, 2017
Business, Logistics

Maersk Soars as CFO Says Liner Business `Definitely' Improving

Simon Dawson/Bloomberg News;

Shares in A.P. Moller-Maersk A/S soared as the company behind the world’s biggest container shipping liner pointed to an improvement in its transport business that it said wasn’t yet reflected in first-quarter results.

Christian Wienberg | Bloomberg News
May 11, 2017
Business, Logistics

Time Running Out for World’s Top Shipbuilder as Creditors Argue

SeongJoon Cho/Bloomberg News

South Korea’s National Pension Service has a decision to make — help the world’s biggest shipmaker survive, or let it die.

Abhishek Vishnoi | Bloomberg News
Kyunghee Park and Jung Park
April 13, 2017
Business, Logistics

Container Shipping Lines Ordered to Testify in US Sector Probe

Carsten Snejbjerg/Bloomberg News

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on March 22.   

Jonathan Saul and Keith Wallis | Reuters
March 22, 2017

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