An oil tanker owned by shipping company Maersk Tankers rescued 27 migrants off the coast of Malta on August 4, the company said. After this, the ship – whose supplies began running out – was unable to dock anywhere, prompting Maersk Tankers to launch formal appeals to governments. On September […]
The CEO of shipping giant Maersk is projecting that demand for containers will decline globally in 2020. This expectation comes after Maersk beat its own Q2 forecast of operating profit. Maersk, which is seen as proxy for global trade, also reinstated its full-year guidance to be roughly $US6 billion to […]
Maersk the world’s biggest container shipping company beat its own forecast with a 25% increase in operating profit to $US1.7 billion in the second quarter of 2020 compared to Q2 2019.. Maersk said in June it was expecting operating profit of $US1.5 billion. Maersk withdrew its full-year guidance in March […]
Maersk, the world’s biggest shipping company said it expect volumes across all businesses to fall up to 25% in Q2. That would be “the biggest drop in demand on record,” according to CEO Soren Skou. Global trade has been battered by the coronavirus, with fewer non-essential goods being shipped around […]
AP Moller-Maersk, Air France-KLM, and Foxconn issued dire warnings about Wuhan coronavirus on Thursday. Shipping giant Maersk said the epidemic has “significantly lowered visibility” and anticipates a 4% drop in profits this year. Global airline Air-France KLM expects the outbreak to slash its operating profits by up to $US216 million […]
Maersk, the world’s biggest container-shipping company, is sounding the alarm on global trade in 2020. In its latest earnings report, the Danish company said that trade wars and Brexit “softened” global trade. “The continued weakening of global sentiment, above all in the manufacturing sector, reduces the likelihood of a growth […]
AP Moller-Maersk, the world’s biggest container shipping company, just gave a stark warning that global trade is slowing down – a sign that the trade war has been crushing the global economy. In its latest financial report, Maersk said that despite global container trade growing, “negative effects from escalating trade […]
The world’s largest shipping company estimated global container trade grew 1.7% in the first quarter, down from 3.6% in 2018. AP Moller-Maersk warned the recent escalation of the trade war could push growth in global container trade to the lower end of its forecast of 1% to 3% for 2019. […]
Eight months on from the opening salvos of President Donald Trump’s trade war, and the real-world impacts are starting to be felt across the globe. Business Insider took a look at some of the companies and industries blaming a downturn on the president’s trade policy. The world’s largest shipping company, […]
AP Moller-Maersk, the world’s biggest operator of container ships, is once again sounding the alarm on President Donald Trump’s trade war. Third-quarter profit beat expectations, but the firm said that global container trade lost momentum and that so far this year it had seen “a much slower pace of growth.” […]
The CEO of Maersk, the world’s largest shipping company, says the impact of President Donald Trump’s trade war will be bigger in the US than anywhere else. It could knock 4% off US trade annually, Soren Skou said at an event in Denmark. The impact would be particularly large, he […]
“Software as a Service”, or “SaaS”, is a term that companies began kicking around more as cloud services improved. But the term itself harks back as far as 2001, from this paper out of the Software & Information Industry Association, which describes the coming change: Following the maxim that “the […]
Shares of IBM gained about 1% Tuesday morning after the computer and software giant announced a blockchain partnership with Denmark’s Maersk, the world’s largest shipping company. The two companies will create an industry-wide trading platform that could speed up the movement of goods while saving billions of dollars by eliminating […]
The Danish shipping conglomerate Maersk painted...
The chief executive of Maersk, the world's...
The CEO of the biggest shipping company on...