Business, Logistics

Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets

Maersk Chris Ratcliffe/Bloomberg News

Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.

Christian Wienberg | Bloomberg News
August 2, 2019
Government, Business

Maersk Shares Tank After CEO Talks to Analysts About Trade War

Maersk shipping container A reach stacker drives past an AP Moller-Maersk branded shipping container in Kaluga, Russia. (Andrey Rudakov/Bloomberg)

Shares in the world’s biggest shipping company slumped May 24 after its CEO started discussing the fallout of global trade tensions on his industry.

May 24, 2019
Business, Equipment, TCA

Maersk Container Vessel First to Take Arctic Shortcut

Maersk containers Thomas Borberg/Polfoto via AP

COPENHAGEN — A shipping vessel operated by the world’s largest container shipping company, Maersk, has for the first time managed to sail through Arctic waters off northern Russia, Danish public broadcaster DR reported Sept. 17.

September 18, 2018
Government, Business, Fuel

Maersk Sees Fuel Bill Soaring by $2 Billion From 2020 Rules

Maersk Emerald The container ship Maersk Emerald is unloaded at the Port of Oakland. (Ben Margot/AP)

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.

Jack Wittels | Bloomberg News
August 29, 2018
Business, Logistics

World’s Biggest Shipping Firm Maersk to Test Russian Arctic Route

A.P. Moller-Maersk oil rig Claus Bonnerup/Polfoto File via AP

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.

Jan M. Olsen | Associated Press
August 23, 2018
Business, Logistics

Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm

A Maersk ship at the Port of Los Angeles Lance M. Cunningham/Flickr

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, 2018

Maersk Appoints First Female Executive in 114-Year History

Duncan Rawlinson/Flickr

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.

June 20, 2018
Business, Logistics

Maersk Shares Plunge as Container Line Underperforms

Snejbjerg/Bloomberg News

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, 2018
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.

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.

February 20, 2018