European stocks closed higher on Wednesday as the earnings season continued to be the main focus for investors.
Danish shipping and oil group A.P. Moller-Maersk missed fourth-quarter net profit forecasts on Wednesday but said it expects a higher annual underlying profit this year.
The CEO of the world's largest shipping firm by capacity has given his unique insight into the rebound seen in global shipping prices in the last few months.
Maersk Group CEO Søren Skou talks about the logistics company’s strategic outlook while commenting on the state of the oil market.
Maersk Group CEO Søren Skou said the company was surprised to see that global trade hadn’t grown as much expected.
European markets close lower as investors focus on political developments in Italy and key data releases after an OPEC deal.
A.P. Moller-Maersk has agreed to buy German rival container Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.
For shippers, the bankruptcy of South Korea's Hanjin was both a fillip and a sharp reminder of just how much clean-up was needed in their businesses.
Customers are being especially careful when selecting shipping lines amid fears of more supply chain disruptions following the Hanjin crisis, says Maersk Line's Robbert van Trooijen.
European shares ended lower on Wednesday afternoon as uncertainty over the U.S. election outcome intensified.
Moller-Maersk Group, the world's largest shipping company by capacity, announced a slump in third-quarter profits on Wednesday due to low freight prices.
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.