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
30 Jan 2014
Maersk Container Industry has teamed up with Primaira, a Boston-based technology company, to develop a high ozone air cleaning system for refrigerated containers...
07 Jan 2014
A.P. Moller-Maersk today announced it is selling the majority of its stake in Denmark’s largest supermarket chain in the latest move to divest non-core operations and focus on container shipping and energy.
06 Jan 2014
Maersk Tankers has sold its fleet of 15 very large crude carriers to Euronav, a Belgian tanker operator, for $980 million, allowing A.P. Moller-Maersk to focus on its core businesses.
02 Jan 2014
Maersk is reportedly close to selling its fleet of 15 very large crude carriers as it continues to offload non-core operations to focus on container shipping.
10 Dec 2013
The international shipping and logistics industry has welcomed the far-reaching trade facilitation reforms agreed to in Bali last week as part of the World Trade Organization’s latest effort to revitalize the Doha round of global trade talks.
14 Nov 2013
Maersk Line Limited’s board of directors has named J. Russell Bruner as its next president and CEO.
13 Nov 2013
Damco’s profit collapsed to $1 million in the third quarter of 2013, from $15 million a year ago, driven by higher restructuring and overhead costs.
13 Nov 2013
APM Terminals boosted third quarter profit to $203 million, from $156 million a year earlier, driven by sharply higher earnings at associated companies and joint ventures.
13 Nov 2013
Maersk Line’s third quarter profit rose to $554 million in the third quarter of 2013, from $498 million a year earlier...
29 Oct 2013
Damco has named Hanne B. Sørensen as CEO, effective Jan. 1, 2014.
16 Oct 2013
John F. Reinhart will retire as president and CEO of Maersk Line Limited at the end of January 2014.
