Shipping

Maersk Profit Rises As Unwanted Oil Business Drives Earnings

Shipping giant A.P. Moller-Maersk A/S reported a 16 percent advance in first-quarter profit, helped by better performance in the energy division that it&rs...

Global Shipping Fleet Braces For Chaos Of $60 Billion Fuel Shock

Little more than two and a half years from now, the global fleet of merchant ships will have to drastically reduce how much sulphur their engines belch int...

World’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 US that su...

World’s Biggest Shipping Company Maersk Wants More Mergers After Japan

A.P. Moller-Maersk A/S, owner of the world’s largest container line, said mergers like the combination of its three main Japanese rivals provide reli...

Kuehne & Nagel Falls As Transport Pricing Hurts Quarterly Profit

Kuehne & Nagel International AG fell to the lowest in almost four months as earnings at the Swiss freight-forwarding company missed analysts’...

CMA CGM Bonds Drop to Record as Weak Freight Rates Lower Profits

CMA CGM SA bonds hit a record low after the container-shipping line’s quarterly profit plunged on weak freight rates. The company’s 725 mill...

Maersk Exploring All Options As Report Points To 2-Way Split

A.P. Moeller-Maersk A/S said it’s still considering several options in its strategic review after a local newspaper reported that the Danish conglome...

Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger Plan

Hapag-Lloyd AG fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to...