Shipping

Maersk Cuts 2018 Profit Forecast, But Eyes Market Recovery

Shipping giant A.P. Moller-Maersk has cut its 2018 earnings forecast due to higher fuel prices, although the downgrade was smaller than some analysts had f...

Shipping Group CMA CGM's Founder Jacques Saade Dies At 81

Jacques Saade, the Lebanese immigrant who founded French shipbuilding firm CMA CGM and oversaw its rise to become a leading player in its global sector, di...

Maersk Poaches New Finance Chief From Assa Abloy

Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new chief financial officer, it said on Wednesday. Happe will take the position at...

Maersk First Quarter Profit Lags Forecasts; Flags Geopolitical, Trade Risks

Shipping group A.P. Moller-Maersk missed first-quarter core profit expectations on Thursday but kept guidance for the year unchanged, even though it flagge...

Shipping Firm MSC Stops Trade With Sanctions-Hit Russian Entities

Mediterranean Shipping Company (MSC) has stopped any new trade with Russian entities targeted by U.S. sanctions, the world’s number two container gro...

Maersk CEO Can't Imagine Self-Sailing Box Ships In His Lifetime

The chief executive officer of the world’s biggest shipping company says it’s unlikely container vessels will operate without humans in his lif...

Amazon Threat Has Maersk Racing To Stop Clients Becoming Rivals

The world’s biggest container shipping line is trying to stop customers like Amazon and Alibaba Group from becoming competitors in just a few years&r...

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 profit at the world’s biggest shipping company wil...