Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates.
A.P. Moller-Maersk Group
24 Sep 2013
Hapag-Lloyd has recruited Rolf Habben-Jansen, the head of Damco, A.P. Moller-Maersk’s global logistics unit, to succeed Michael Behrendt, CEO of the German ocean carrier.
05 Sep 2013
A.P. Moller-Maersk is selling its 31.3 percent stake in DFDS, a Danish shipping and logistics company, in a further divestment of non-core assets...
14 Jun 2013
A.P. Moller-Maersk will pay about $100 million less than expected for its 20 Triple E vessels ordered from South Korea’s Daewoo Shipbuilding & Marine Engineering, The Economic Times reports.
17 May 2013
Maersk Line swung to a $204 million operating profit in the first quarter from a $599 million loss a year ago, its fourth successive quarter in the black, driven by cost savings, higher freight rates and a lower fuel bill that more than compensated for flat container volumes.
19 Apr 2013
The marine freight transportation industry’s revenue is expected to reach $411.6 billion by 2017, according to Luctinel’s “Top 5 Global Marine Freight Transportation Service Companies: Performance, Strategies and Competitive Analysis” report.