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AP Møller-Maersk AS
Maersk shares drop after it warns on shipping outlook and suspends buybacks
...Shares in Copenhagen-listed Maersk fell more than 13 per cent in early trading on Thursday....
February 8, 2024
Container shipping
Hapag-Lloyd Maersk deal signals shake-up in global shipping alliances
...Maersk is part of Denmark’s AP Møller-Maersk....
January 17, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
LexContainer shipping
No one will win in container shipping’s game of chicken Premium content
...While disruptions in the Red Sea have raised spot freight rates, most vessels are contracted under long-term agreements so the benefits to shipowners are expected to be limited....
April 16, 2024
News updates from November 3: US jobs growth slows more than forecast, Maersk to cut 10,000 jobs
Maersk to cut 10,000 jobs as revenues plunge
...Danish shipping line AP Møller-Maersk will cut 10,000 jobs, almost a tenth of its workforce, after it reported sharp falls in revenues and profits in “a difficult market environment”....
November 3, 2023
LexAP Møller-Maersk AS
Maersk: oversupply set to extend shipping downturn Premium content
...Denmark’s AP Møller-Maersk offered an update on the situation at its third-quarter results on Friday. The container line operator reported steep falls in profits and revenues compared to last year....
November 3, 2023
LexContainer shipping
Boost from Red Sea disruption will only carry shipping lines so far Premium content
...But the disruption has been something of a gift to shipping lines. Danish containerline Maersk joined other groups and confirmed this week that transits along the route would pause....
January 4, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Denmark’s Maersk, the world’s second-biggest container shipping line, confirmed that it had chartered Dali....
March 27, 2024
AP Møller-Maersk AS
Maersk cuts 10,000 jobs as shipping boom ends
...Container shipping lines had already warned this year would be much tougher, but the outlook has deteriorated....
November 3, 2023
Live news: Oil prices climb following strikes in Iran
Israel looks to draw line under Iran strikes as life for citizens continues as normal
...Analysts viewed the Israeli strikes in Iran to be a limited retaliation aimed at sending a clear message to Iran while avoiding full-blown conflict....
April 19, 2024
Shipping
Ships diverted from Red Sea pump out more emissions in bid to speed up
...He anticipated most shipping lines would follow a “hybrid” approach, increasing speeds only to 15 or 16 knots....
February 11, 2024
Lex PopuliPersonal Finance
Shipping blues get a hand from Red Sea disruption
...That is also boosting share prices for shipping lines. Maersk and Germany’s Hapag-Lloyd are up about 20 per cent over the same period....
January 5, 2024
AP Møller-Maersk AS
Maersk forms green methanol start-up in decarbonisation push
...At present, green methanol, which is made from biomass or captured carbon and hydrogen produced by renewable energy, is limited and expensive....
September 14, 2023
CMA CGM SA
Red Sea crisis causes surge in container ship costs, warns CMA CGM
...Maersk had flagged 10,000 job cuts at the end of last year. Logistics now account for 15 per cent of CMA CGM’s core profits, compared with under 4 per cent a year earlier....
February 23, 2024
Container shipping
Container lines ‘struggling’ with port congestion and ship shortages
...Shares in Denmark’s AP Møller-Maersk, operator of the world’s second-largest container ship fleet, fell sharply this month after its chief executive warned that industry overcapacity would put the company...
February 20, 2024
Container shipping
A freightful time for container ships
...Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand....
January 4, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Rail
Russia’s rail boosted by demand to move goods to Europe after Red Sea attacks
...“We’re doing severe export controls, in line with applicable sanctions,” said DHL....
March 10, 2024
AP Møller-Maersk AS
Maersk forecasts long and deep contraction in global trade
...During the boom, Maersk was dethroned as the world’s largest container line by Mediterranean Shipping Company as the two companies have pursued widely different strategies....
August 4, 2023
Houthi movement
Fuel tanker’s crew extinguish fire after hours of struggle
...Maersk, the world’s second-largest container shipping line, said it would no longer send its US-flagged fleet through the area....
January 27, 2024
Container shipping
Red Sea security fears cut container shipments through Suez Canal
...The number of diversions has increased since an attack on December 30 on the Maersk Hangzhou, operated by Denmark’s AP Møller-Maersk....
January 10, 2024
Wincanton PLC
Bidding war for Wincanton drives up UK logistics group shares
...Mediterranean Shipping Company, the world’s biggest container line, and Maersk, the market number two, have also expanded their logistics operations in recent years, both through organic growth and acquisition...
February 29, 2024
FT SeriesThe interiors edit
Bottom lines: an eclectic selection of chairs and sofas
...Big Girl chair by Lara Bohinc, £18,075 Part of a limited edition of 10, currently on display at Phillips London gallery in an exhibition titled “Seeing Red”. bohincstudio.com Staple stool by Dirk van der...
March 16, 2024
Hong Kong economy
Hong Kong’s port loses ground as exporters pivot to mainland China
...Maersk and Hapag-Lloyd’s agreement this year to shift cargo to Shenzhen’s Yantian port instead of Hong Kong underlines the trend, according to analysts....
April 1, 2024
CMA CGM SA
CMA CGM hit by scheduling chaos as attacks disrupt Red Sea shipping
...Some rival shipping groups including AP Møller-Maersk have suspended the Red Sea route linking Europe and Asia....
January 19, 2024
News in-depthHeathrow Airport Holdings Ltd
Thomas Woldbye, the Dane now charting Heathrow’s future
...Woldbye, who switched to the aviation industry after 27 years at shipping and logistics giant Møller-Mærsk, including leading its global shipping and ferry divisions, is an “operational type”, according...
February 23, 2024
Richard Haass
Israel has no good choices on Iran
...This strengthens the argument for limited strikes against military targets in Iran....
April 16, 2024

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