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.
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.
Europe ended lower on Wednesday as investors focused on corporate earnings and U.S. Federal Reserve Chair Janet Yellen's speech to Congress.