A.P. Moller-Maersk Group

02 Nov 2016
Damco posted another profit in the third quarter.
While traffic through APM Terminals facilities such as Pecem, Brazil, pictured, inched up in the third quarter, profit fell, albeit at a slower rate than the first two quarters of 2016.
02 Nov 2016
Weak market conditions and liner network changes contributed to a 28 percent year-over-year fall in third-quarter underlying profit at APM Terminals.
02 Nov 2016
Rising volume was not enough to offset a sharp fall in freight rates that dragged Maersk Line to a third-quarter loss of $116 million.
01 Nov 2016
Maersk Line will announce its third-quarter results on Nov. 2, the first set of financials by the world’s largest container line since CEO Soren Skou outlined a strategic review of the group in September.
20 Oct 2016
Maersk Line has resumed calls to Iran after a five-year hiatus.
Damco's new CEO Klaus Rud Sejling has held positions within the Maersk Group across its transportation and energy divisions.
27 Sep 2016
Damco has named a long-time executive as its new CEO as the company’s parent Maersk Group reorganizes itself.
APM Terminals has a new leader for the first time in 12 years.
22 Sep 2016
Morten Engelstoft is to take up the position of CEO of APM Terminals as part of a set of changes in the executive management of the Maersk Group.
22 Sep 2016
Maersk Group will be reorganized into two separate divisions, with the synergy efforts expected to deliver cost savings of around $600 million over the next three years.
The synergies APM Terminals provides for Maersk Line make it unlikely the Maersk Group will choose to divest itself of its terminal operating arm.
17 Aug 2016
Maersk will announce the results of its ongoing strategic and structural review of group operations at the end of September.
Damco's strong performance could renew speculation that the Maersk Group will try to sell the unit as the company is in the middle of a strategic and structural review.
12 Aug 2016
Damco’s recovery continued as it was the only Maersk Group unit to boost earnings in the second quarter of 2016.
12 Aug 2016
Volumes were up, but profit was well down at APM Terminals in the second quarter.
12 Aug 2016
All-time low rates dragged Maersk Line to a worse-than-expected loss.