The global shipping industry continues to fall victim to weakening demand with freight rates on some routes hitting all-time lows. » Read More
European equities ended Wednesday's trade sharply higher, as sentiment was boosted by a rally in banks and remarks from Fed Chair Janet Yellen.
European markets finished lower on Monday, as another fall in China's factory activity and a slide in oil prices troubled investors.
The CEO of one of Europe's biggest transportation and energy companies told CNBC that the collapse in energy prices was a boon for the region.
The shipping industry is set for consolidation on the back of a collapse in freight rates as growth in China slows.
The cash-rich Danish company said earlier on Monday it will pay $365 million upfront to buy 25 percent stakes in three licenses owned by Africa Oil Corporation in Kenya as well as a 25 percent stake in an exploration license in Ethiopia and a 15 percent stake in another Ethiopian license. Shares in Toronto- and Stockholm- listed Africa Oil Corporation soared 33...
European markets ended mixed after the latest U.S. employment report, which could influence the U.S. Federal Reserve's timing on rate hikes.
Danish shipping and oil giant Moller-Maersk is in "great shape" but is operating amid a "very tough" environment, the company's CEO told CNBC.
COPENHAGEN, Nov 6- Shipping and oil conglomerate A.P. Moller-Maersk said on Friday third-quarter profit almost halved and global demand for container transportation this year would grow at a slower pace than previously expected. The Danish company, which operates the largest container shipping business in the world, kept a reduced forecast made two weeks...
European stocks closed sharply higher Friday, as investors cheered China's central bank as it cut interest rates and digested more earnings.
Danish shipping & oil giant, Moller-Maersk said it has cut its profit outlook by more than half a billion U.S. dollar. Maersk's CEO talks to CNBC.
The shipping industry might be suffering a tough period but Moller-Maerskis prepared to weather the storm.
European stocks followed Asian equities lower on Monday on reports that China could stop propping up its equity markets.
Maersk is to lead a £3 billion project to develop the largest gasfield discovered in the U.K. North Sea for a decade, the FT reports.
Strength in the U.S. dollar continues to weigh on dividend payouts, which fell around the world for a third consecutive quarter between April and June, new data from Henderson Global Investors showed.
European equities closed higher on Thursday, as investors eyed developments in the Chinese yuan and Greece's third bailout program.
European equities reversed earlier gains to end lower on Wednesday with investors reacting to weaker-than-expected U.S. retail data.
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.
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.