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AP Moeller - Maersk A/S

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  • *Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.

  • This has driven rates on the main routes between Asia and Northern Europe to loss-making levels. The so-called P3 alliance is between the world's three biggest container shipping lines- Maersk Line, a unit of A.P. Moller-Maersk, Switzerland- based MSC Mediterranean Shipping Company and France's CMA CGM.

  • PANAMA CITY, March 20- Panama's economy slowed in 2013 after two straight years of double-digit growth, but remained one of Latin America's fastest expanding economies thanks to heavy government infrastructure spending, official data showed on Thursday.

  • Business eyes a 3-way ocean shipping armada Saturday, 2 Nov 2013 | 7:00 AM ET
    CMA CMG shipping.

    The world's three largest ocean carriers are forming an "alliance" on the trade routes connecting the world's three biggest economic centers.

  • Moller-Maersk ups outlook as profit beats Friday, 16 Aug 2013 | 2:31 AM ET

    Shipping group Moller-Maersk delivered better-than-expected earnings on Friday and lifted its profit target, but the group's CEO warned that the outlook for container shipping remained challenging.

  • Europe Shares Close at Record Highs on Autos Rally Friday, 17 May 2013 | 12:03 PM ET

    European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.

  • Moller-Maersk CEO: No Need for New Capacity Friday, 17 May 2013 | 3:50 AM ET

    The chief executive of the world's largest container shipping company Moeller-Maersk told CNBC that the company would not order any new ships this year and it had idled 28 vessels around the world this year.

  • 'Significant Growth' in Asia-Europe Trade: Maersk CEO Thursday, 18 Apr 2013 | 12:00 PM ET
    Limossol Port, Cyprus

    The routes are getting investment from shippers, said Maersk CEO Nils S. Andersen.

  • Maersk Warns of Over-Capacity Risk in 2013 Sunday, 3 Mar 2013 | 11:03 PM ET

    Over-capacity in the global container ship market will continue to provide a drain on profit growth in 2013, according to Maersk CEO of North Asia, Tim Smith

  • U.S. stock index futures were higher across the board Friday after stocks logged their sharpest two-day drop this year and following comments from St. Louis Federal Reserve Bank President James Bullard that the central bank's aggressive easy money policy will stay for a "long time."

  • Denmark's Nokia Moment on $100 Billion Stock Friday, 1 Feb 2013 | 6:37 AM ET
    Copenhagen, Denmark

    Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.

  • Denmark Faces Nokia Moment on $100 Billion Stock Friday, 1 Feb 2013 | 5:28 AM ET

    Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.

  • US Union Accuses Maersk of Spying on It Thursday, 6 Dec 2012 | 5:13 AM ET
    A worker drives a Kalmar reachstacker truck loaded with an AP Moeller-Maersk A/S shipping container.

    A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.

  • *Maersk Line to cut Asia to Europe capacity further. COPENHAGEN, Oct 12- Danish oil and shipping group A.P. Moller-Maersk said on Friday its container shipping unit would cut further capacity on the core Asia to Europe trade following low demand which shows no sign of improving.

  • Maersk cuts Asia to Europe capacity on low demand Friday, 12 Oct 2012 | 4:07 AM ET

    COPENHAGEN, Oct 12- Danish oil and shipping group A.P. Moller-Maersk said on Friday it would cut further capacity on the core Asia to Europe trade on the back of low demand.

  • German ship owners call for state bailout Friday, 12 Oct 2012 | 12:41 AM ET

    FRANKFURT, Oct 12- German ship owners have called for a state bailout as the sector continues to struggle with overcapacity, rising fuel costs and hard-pressed banks pulling back from lending to the industry.

  • Europe Factors to Watch-Shares set to dip; EADS, BAE eyed Wednesday, 10 Oct 2012 | 2:38 AM ET

    PARIS, Oct 10- European stocks are set to fall on Wednesday, losing ground for the third straight session on mounting worries over corporate results as the earnings season gets under way. ,for Germany's DAX and for France's CAC were down 0.1-0.4 percent. Late on Tuesday, U.S. aluminium major Alcoa.

  • NORDIC STOCKS - Factors to watch on Oct 10 Wednesday, 10 Oct 2012 | 1:52 AM ET

    For more on the company, click on TELIASONERA. TeliaSonera's chief executive Lars Nyberg may resign before his term ends amid allegations of wrongdoings during its purchase of a 3 G licence in Uzbekistan in 2007, daily Dagens Nyheter reported, quoting sources. TeliaSonera was not immediately available for comment.

  • European shares fall, brace for gloomy earnings Tuesday, 9 Oct 2012 | 11:34 AM ET

    LONDON, Oct 9- European shares fell in thin trade on Tuesday as gloomy economic data and corporate reports set the backdrop for a tough start to the third-quarter reporting season in the United States.

  • *Group has $10 bln for investments. By Mette Fraende COPENHAGEN, Oct 9- Denmark's A.P. Moller-Maersk. "The group is facing significant investments to grow our business and has undrawn facilities of $10 billion," said Chief Financial Officer Trond Westlie.

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