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.
European equities ended Wednesday's trade sharply higher, as sentiment was boosted by a rally in banks and remarks from Fed Chair Janet Yellen.
Danish shipping and oil group A.P. Moller-Maersk reported a fourth-quarter net loss of $2.5 billion on Wednesday after booking impairments of $2.6 billion on its oil assets.
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.
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.
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.