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...Additional reporting by David Sheppard, Michael Peel and Ian Smith in London...
...AP Møller-Maersk, which operates the world’s second-largest container shipping fleet, became the latest to reroute its vessels around Africa via the Cape of Good Hope because of the “highly escalated security...
...“The geopolitical aspect is a key topic for Siemens,” said Michael Klinger, a supply chain executive at the company....
...Westlie has served as CFO at numerous companies, including AP Møller-Maersk, and Harnett currently serves as Ørsted’s head of European execution programmes....
...AP Møller-Maersk, one of the world’s largest shipping conglomerates, has said it is halting production of dry containers until at least 2024, though it said it might resume building 20ft boxes sooner than...
...Businesses including German container carrier Hapag-Lloyd and Denmark-based AP Møller-Maersk have invested in ports, warehouses and other logistics infrastructure....
...Michael Pearce’s follow-up to Beast has serious tonality issues, notably when Malik’s past catches up with him and sci-fi goes out the window, but Ahmed pulls it off with a carefully calibrated turn that...
...Carl Lorenz, managing director for eastern Africa at AP Moller-Maersk, the world’s biggest container shipping group, believes Djibouti’s container terminal is “among the most productive” in Africa....
...“Not only us but the industry has been very agile in terms of adjusting capacity to demand,” Soren Skou, chief executive of AP Moller-Maersk, told investors on a recent call....
...“The demand shock was even stronger than during the global financial crisis,” says Morten Bo Christiansen, head of strategy at Denmark’s AP Moller-Maersk, the world’s biggest container shipping company....
...This month it also abstained on a vote to re-elect two board members at shipping giant AP Moller-Maersk over issues with its executive compensation package....
...“As banks, we recognise that our role in the shipping industry enables us to promote responsible environmental stewardship,” said Michael Parker, global industry head of shipping and logistics at Citi and...
...They also promise to deepen the “massive convergence” happening in the market for mature private companies, where all types of investors have become big players, Cambridge Associates’ Michael Larsen told...
...You can email me on michael.mackenzie@ft.com and follow me on Twitter at @michaellachlan....
...Moller-Maersk, the world’s biggest shipping container group, has issued a profit warning because of lower freight rates and higher marine fuel costs, but its shares rose more than 6 per cent after the downgrade...
...The world’s biggest shipping container company AP Moller-Maersk is offloading its energy businesses to concentrate on transport and logistics, while German pharmaceuticals and chemicals group Bayer spun...
...Shipping companies such as AP Moller-Maersk and Hyundai Merchant Marine are testing their own systems, which are not guaranteed to mesh with those of the banks....
...It is due to be headed by Michael White, the former president of Maersk Line in North America, and be located in New York....
...Go deeper on the topic with this piece by the FT’s Michael Pooler and Patrick McGee here....
...Maersk begins break-up with sale of oil business AP Moller-Maersk called time on its day as a conglomerate as the Danish group sold its oil unit to France’s Total for $7.5bn, writes Richard Milne....
...Maersk will also change chairman with Michael Pram Rasmussen, who has been in the role for 14 years, to be replaced by Jim Hagemann Snabe....
...Michael Tanenbaum, an executive vice-president at insurer Chubb, says: “We ask what a supply chain breach looks like....
...AP Moller-Maersk on Wednesday unveiled one of the biggest losses in Danish corporate history as the conglomerate suffered from a weak container shipping industry and massive writedowns on its oil businesses...
...Møller – Mærsk A/S in the form of joint-ventures, mergers or listing....
...At 51, he is more than a decade younger than Michael Pram Rasmussen, whom he is succeeding at Maersk and a full 23 years younger than Gerhard Cromme, whom he replaces at Siemens....
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