Business
Maersk to return to Red Sea as stability improves in region
The opening of one of the world’s busiest transport bottlenecks is set to pressure profit margins amid an oversupply of vessels Danish…
Tag
Maersk
Business
Maersk explores more ethanol use for green fuel to cut reliance on China
Danish shipping company Maersk is looking at increasing its use of ethanol as a fuel, which could reduce its dependence on China and boost…
Business
Seatrium, Maersk vessel contract dispute to be resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk vessel contract dispute resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the…
Business
Maersk completes first Red Sea voyage in nearly two years
The shipping company says it has no plans to fully reopen the route but may gradually resume sailing via Suez and the Red Sea Danish…
Business
Maersk sees better safety in Red Sea as it eyes eventual return
Shippers have been routing their vessels around Africa, adding thousands of miles and costs to voyages AP MOLLER-MAERSK said that the…
Business
Maersk lifts full-year profit guidance range, posts Q3 profit above forecast
Shipping group AP Moller-Maersk on Thursday (Nov 6) reported third-quarter operating profit above expectations and raised the lower end of…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
Business
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
Business
Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination
This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado Shares of Seatrium plunged as…
Business
Record short against Maersk backfires in trade-war defying rally
Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors…
Unsorted
Shipping firm Maersk temporarily pauses Haifa port calls
Container shipping company Maersk said on Friday (Jun 20) it had temporarily paused vessel calls at Israel’s Haifa port, amid the…
Business
Maersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9…
Business
How will shipping giant's move affect major port?
As a major container shipping company announces its larger vessels will stop using the Port of Felixstowe, what impact will that have?…
Business
Maersk raises profit outlook on strong market
Danish shipping group AP Moller-Maersk said on Monday (Oct 21) it had raised its full-year forecasts on the back of strong third quarter…