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AP Moeller - Maersk A/S

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  • Maersk expects P3 to start operations later than expected Wednesday, 21 May 2014 | 2:45 AM ET

    COPENHAGEN, May 21- Danish shipping and oil group A.P. Moller-Maersk said on Wednesday it expected the so-called P3 container shipping alliance to start operations in autumn and not in the second quarter as previously expected.

  • Moller-Maersk posts forecast-beating profit Wednesday, 21 May 2014 | 2:40 AM ET
    Shipping container trucks at the port in Long Beach, Calif.

    Danish shipping and oil group Moller-Maersk reported a first-quarter net profit above forecast thanks to doubling of profit in container shipping business Maersk Line.

  • *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.

  • Russia sanctions: Who’s losing out so far Monday, 24 Mar 2014 | 11:17 AM ET

    The sanctions taken against Russia by the West over its annexation of Crimea are already having an impact.

  • 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.

  • Europe stocks close down on Fed mixed signals Wednesday, 13 Nov 2013 | 11:30 AM ET

    European equities closed lower on Wednesday as investors continued to fret over mixed signals from U.S. Federal Reserve officials.

  • Moller-Maersk ups outlook as profit beats Tuesday, 12 Nov 2013 | 8:34 AM ET

    Danish shipping group delivered better-than-expected net profit and raised earnings outlook for the year on stronger Asia growth.

  • Three top stocks as European rally stalls: Pro Tuesday, 5 Nov 2013 | 2:30 PM ET

    "We are expecting the market to go through a consolidation phase," Katrina Dudley of Franklin Templeton.

  • 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.