Maersk group registers loss of $1.9B in 2016

Shipping and oil conglomerate A.P. Moller-Maersk recorded a loss of US$1.9 billion in 2016 from a profit of $925 million in 2015, saying its…

HMM says in advanced talks to join 2M

Financially troubled Hyundai Merchant Marine Co. (HMM) said that its talks to be part of the world’s largest shipping alliance have made significant progress,…