Home :: Tag Archives: A.P. Moller-Maersk

Tag Archives: A.P. Moller-Maersk

Drewry launches credit research services for the maritime sector

Drewry Financial Research Services Ltd., the investment research arm of global shipping consultancy Drewry, is pleased to announce the launch of a new credit research service on the global maritime sector. Through this extension to its established maritime equity research offering Drewry is now able to provide a full investment research service which includes in-depth analysis of the credit instruments ...

Read More »

Maersk Third Quarter Profit Below Expectations

A.P. Moller-Maersk missed forecasts with a 44 percent fall in third-quarter profit on Wednesday as the world’s biggest container shipping firm struggles with sector overcapacity. Net profit fell to $438 million for the three months to September 30, below the $490 million expected by analysts. It maintained its guidance for the year, calling for an underlying result significantly below last ...

Read More »

Maersk Heir Takes Top Post in Holding Company

A.P. Moller-Maersk on Monday appointed the grandson of Maersk Mc-Kinney Moller, who transformed a family shipping business into an international conglomerate, as chief executive of the holding company behind the Danish shipping giant. Robert M. Uggla, 38, who has been CEO of Maersk-owned tug boat operator Svitzer since 2012, will take on the position as CEO of A.P. Moller Holding ...

Read More »

Africa to Get First Automated Container Terminal

  The world’s third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco, that will be the first automated terminal in Africa. APM Terminals, a unit of Denmark’s shipping and oil group A.P. Moller-Maersk, has been named as the operator of the new container transshipment terminal at ...

Read More »

Peru Considers Sanctions for Price Fixing

Peru’s anti-trust regulator said Friday it had started a sanctions procedure against 17 shipping companies it suspects of having fixed prices together for years on goods moved between the country’s Callao port and Asia. Authorities could fine each company 12 percent of its parent company’s annual earnings if wrongdoing is confirmed, said Jesus Espinoza, an official with regulator Indecopi. Seized ...

Read More »