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,…

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…