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By Dominic Chopping A.P. Moeller-Maersk suspended its share buyback program in a move to preserve cash amid uncertainty surrounding disruption in the Red Sea and industry overcapacity that...
By Dominic Chopping A.P. Moeller-Maersk suspended its share buyback program as the Danish shipping giant moves to preserve cash, with uncertainty surrounding...
By Dominic Chopping A.P. Moeller-Maersk shares plummeted Thursday after the shipping giant suspended its share buyback and warned earnings will fall sharply...
By Dominic Chopping A.P. Moller-Maersk said it will cut more than 10,000 jobs as it steps up cost savings, with the industry facing a new normal of subdued demand, lower freight rates and...
COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted by muted economic growth and customers reducing inventories. The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%.