Maersk reports improved earnings; Hapag-Lloyd achieves ‘respectable results’

Despite lower container demand, A.P. Moller-Maersk reported improved profitability across the business in the third quarter, while Hapag-Lloyd achieved good results in the first…

Solid growth in Q3 for Maersk and OOCL; Maersk raises EBITDA outlook

Both A.P. Moller-Maersk and Orient Overseas (International) Limited (OOIL) reported solid results in the third quarter of the year for their respective shipping businesses,…

Despite higher earnings in 2018, Maersk says ‘profitability needs to improve’

A.P. Moller-Maersk said profitability last year was in line with the latest guidance for 2018, with earnings before interest, taxes, depreciation and amortization (EBITDA)…

Maersk delivers profit in a challenged market

A.P. Moller-Maersk said it showed progress in the second quarter as it swung to profit, saw revenue growth, and realized synergies through further business…

Maersk reports wider loss after ‘unsatisfactory’ Q1

Danish shipping giant A.P. Moller-Maersk said its revenue in the first quarter of the year increased by 30% to US$9.3 billion year-over-year, but saw…

Maersk posted $356M profit in 2017

A.P. Moller-Maersk did not hit its earnings target for 2017 but said it improved both revenue and profit, the growth primarily driven by its…

Plunging freight rates drive Maersk Line to $151M loss

Danish shipping giant Maersk Line has reported a loss of US$151 million in the second quarter of the year from a profit of $507…