Time Running Out for World’s Top Shipbuilder as Creditors Argue
South Korea’s National Pension Service has a decision to make — help the world’s biggest shipmaker survive, or let it die.
Container Shipping Lines Ordered to Testify in US Sector Probe
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.
Sanity Returning to Shipping as Freight Rates Gain, Maersk Says
The bankruptcy of South Korean ocean carrier Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
February 10, 2017World’s Biggest Shipping Company Voices Alarm at Trump Trade War
A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, is paying particular attention to noises coming from the United States that suggest the new administration is moving closer to a trade war with China.
February 8, 2017Maersk Slumps as It Unveils Second Loss Since World War II
A.P. Moller-Maersk A/S unexpectedly lost money in 2016 as Denmark’s biggest company wrote down the value of some of the energy assets it plans to split off.
February 8, 2017Maersk, Alibaba Partner to Offer Online Ship Booking
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.
Analysis: Maersk Faces Rough Waters From Spare Capacity and Trump
For many folks, 2016 has been a year to forget, and the shipping industry is no exception. But looking ahead, A.P. Moller-Maersk A/S is determined to put a positive spin on things — maybe too positive.
Maersk Line to Buy German Rival Hamburg Süd
Global shipping giant A/S Maersk Line of Denmark on Dec. 1 announced plans to grow its business by buying German rival Hamburg Süd, the world's seventh largest container shipper.
December 1, 2016Profits at World’s Largest Container Line Drop 43%
A.P. Møller-Maersk A/S, owner of the world’s largest container line, reported a 43% decline in third-quarter profit as the shipping industry continues to suffer from overcapacity.
November 2, 2016Analysis: Maersk Is Taking on Water
It's hard to think of two more challenged industries than oil and shipping. AP Moller-Maersk A/S's misfortune is to be heavily involved in both. Investors were starting to hope the worst was over.