European stocks leaped to close higher on Thursday as global investors reacted to the Fed's decision to hold interest rates steady.
A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.
The focus will be on establishing an integrated transport and logistics company, while oil business will be separated from company.
Europe stocks closed higher on Wednesday after the Bank of Japan announced new measures, but pared some gains as investors awaited news from the Fed.
Hanjin Shipping’s asset sales started last week, potentially setting off a fall in ship values worldwide amid a glut in the market.
Hanjin's recent filing for court receivership is putting global shipping in a tight spot ahead of the key holiday season.
The downfall of the South Korean shipper, Hanjin Shipping, has sent shockwaves across businesses globally.
Maersk Line's Robbert Van Trooijen says Q2 net profit fell due to low freight rates, but the company managed to utilize its assets more efficiently.
European stocks closed under slight pressure on Friday as a sharp decline in mining stocks, offset optimism surrounding the sharp uptick in oil prices.
James Baker, editor of Containerisation International at Lloyd’s List, discusses Maersk Group's latest results and talks about the shipping industry.
Trond Westlie, group chief financial officer of Maersk Group, discusses the latest earning results and explains why low oil and freight prices pushed down profit.
Moller-Maersk kept its downbeat 2016 profit forecast on Friday as the Danish shipping and oil giant reported net profit way under expectations.
European stock indexes finished sharply higher on Thursday, as investors speculated whether Britain would remain a member of the EU after the referendum.
While the company's first quarter results were as expected, Robbert Van Trooijen, APAC CEO of Maersk Line explains which business areas need more progress.
European stocks ended Wednesday sharply lower, after a raft of major earnings, a decline in mining stocks and renewed pressure on oil weighed on sentiment.
Moeller-Maersk reported a first-quarter net profit above analysts' forecasts, supported by higher container volumes and increased oil production.
Nils S. Andersen, CEO of Moller-Maersk, discusses the conglomerate's latest results and says the oil price edging up helped earnings.
The global shipping industry continues to fall victim to weakening demand with freight rates on some routes hitting all-time lows.
Robbert Van Trooijen, APAC Ceo at Maersk Line, on whether China's manufacturers can make a comeback.
Robbert Van Trooijen, APAC CEO of Maersk Line, says the slowdown in export-driven shipping demand isn't not across the board.