Maersk Sees Fuel Bill Soaring by $2 Billion From 2020 Rules
A.P. Moller-Maersk, the world’s largest container shipping line, said adhering to stricter environmental standards could add at least $2 billion to its annual fuel bill from 2020.
World’s Biggest Shipping Firm Maersk to Test Russian Arctic Route
COPENHAGEN, Denmark — Danish shipping group A.P. Moller-Maersk said Aug. 23 it will send a cargo vessel through the Russian Arctic for the first time as a result of melting sea ice.
Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.
July 23, 2018Maersk Appoints First Female Executive in 114-Year History
A.P. Moller-Maersk A/S, the world’s biggest shipping company, has appointed a woman to be its chief financial officer for the first time in its 114-year history. Carolina Dybeck Happe, 45, who has held various high-ranking posts at lockmaker Assa Abloy AB, will start at Maersk by the beginning of next year.
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, 2018