European stocks followed Asian equities lower on Monday on reports that China could stop propping up its equity markets.» Read More
SAO PAULO, Sept 2- Denmark's shipping and oil group A.P. Moller-Maersk said one of its employees in Brazil received a request from authorities last month to provide additional information for a corruption investigation at state-run oil firm Petrobras. Prosecutors in the southern city of Curitiba, the epicenter of Brazil's largest-ever corruption...
*CEO says Maersk Line will defend its top market position. COPENHAGEN, Aug 13- A.P. Moller-Maersk plans to take action to defend and potentially expand its leading position in container shipping, sending a signal to rivals that it will become a more aggressive player in the market. It is a signal to the industry that we aim to keep our position as industry leader, "...
LIMA, June 1- A dockworkers strike at Peru's biggest port, Callao, has hit imports of basic goods in the Andean country and will likely stoke inflation, the main exporters association said Monday. The 18- day strike has nearly frozen activities at the northern terminal of Callao at the edge of the capital Lima, prompting $100 million in lost revenues for merchants,...
European equities reversed earlier gains to end lower on Wednesday with investors reacting to weaker-than-expected U.S. retail data.
COPENHAGEN, May 13- Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk's forecast-beating results on Wednesday had been helped by one-offs. While the world's largest container shipping business reported a jump in net profit to $714 million from $454 million, due largely to lower...
The chief executive of Danish oil and shipping group Moller-Maersk told CNBC that overcapacity continues to dog the shipping industry.
After the seizure of a Maersk cargo ship by Iran in the Strait of Hormuz, shipping experts said the action could destabilize global relations if repeated.
*Alcatel up 10.7 pct as Nokia enters takeover talks. LONDON, April 14- European shares edged higher on Tuesday, supported by mergers and acquisitions activity in the telecoms equipment sector after Nokia entered talks to buy Alcatel Lucent. Alcatel-Lucent was up 10.7 percent while Nokia fell 7.4 percent.
The world’s shipping lines risk bankruptcy and will have to shed assets in order to stay afloat, an industry expert has warned CNBC.
European equities closed down on Tuesday as investors reacted to fresh economic data from the euro zone and booked some profits after a stellar rally in the previous session.
*A.P. MOLLER-MAERSK down 10 pct on dividend pay. LONDON, March 31- European shares extended gains on Tuesday and headed for their best quarterly performance in several years, with Kingfisher leading the market higher after announcing it planned to sell about 60 B&Q stores in Britain. Shares in Europe's biggest home-improvement retailer were up nearly 5 percent...
COCOLI, Panama, March 26- As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships. It is being headed by Italy's Salini Impregilo and Spain's Sacyr, and should open on April 1, 2016. "Looking at our geology and...
Europe ended lower on Wednesday as investors focused on corporate earnings and U.S. Federal Reserve Chair Janet Yellen's speech to Congress.
Danish shipping and oil group Moller-Maersk predicted a rise in global demand for seaborne containers this year.
European stocks ended the day in the green on Tuesday afternoon, after fluctuating throughout in the day.
European shares closed higher on Tuesday, boosted by easing tensions in Ukraine and stellar earnings reports.
China's rejection of a game changing container shipping alliance has deepened pessimism in an industry plagued by overcapacity, analysts say.
European shares closed higher on Tuesday, bouncing back from Monday's losses.
A.P. Moller-Maersk said on Tuesday it had dropped its ship pooling plan after China's Ministry of Commerce announced it had not approved it.
European shares closed slightly up on Wednesday, after wavering throughout the day, as investors looked towards central bank policy.