Business, Logistics

Maersk Would Be Ready to Move Closer to Junk ‘For Right Reason’

Daniel Rodrigues/Bloomberg News

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.

Christian Wienberg | Bloomberg News
February 22, 2018
Business, Logistics

World’s Biggest Container Liner Looks for Deals Outside Shipping

Snejbjerg/Bloomberg News

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.

Christian Wienberg | Bloomberg News
February 20, 2018
Business, Technology, Equipment, Autonomous

Maersk'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.

Christian Wienberg | Bloomberg News
February 16, 2018
Business, Technology, Equipment, Logistics

Amazon Threat Has Maersk Racing to Stop Clients From Becoming Rivals


The world’s biggest container shipping line is trying to stop customers like Inc. and Alibaba Group Holding Ltd. from becoming competitors in just a few years’ time.

Christian Wienberg and Alaric Nightingale | Bloomberg News
February 12, 2018
Business, Logistics

Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year

Maersk Line

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.

Christian Wienberg | Bloomberg News
February 9, 2018
Business, Equipment, Logistics

Maersk, IBM Form New Blockchain Company for International Cargo

Tomohiro Ohsumi/Bloomberg News

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.

Jing Cao and Olga Kharif | Bloomberg News
January 16, 2018
Business, Equipment

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.

By Dhwani Pandya and Anirban Nag | Bloomberg News
December 11, 2017
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