Drewry: Container carriers heading to profit

Drewry: Container carriers heading to profit

The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry...
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Maersk Group declares $253m profit in first quarter

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...
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Maersk teams up with Microsoft on digitalization

Maersk teams up with Microsoft on digitalization

Global transport and logistics powerhouse Maersk announced on Wednesday that it has joined forces with Microsoft Corp. on digitalization in a move targeting to “revolutionize supply-chain management and global trade.” Under the terms of the agreement, Mi...
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Maersk reshuffles Executive Echelon

Maersk reshuffles Executive Echelon

A.P. Møller – Mærsk A/S has made several changes to the Group’s executive management following the decision to separate the businesses into two independent divisions, Transport & Logistics and Energy. As reported earlier, the Group’s Transport &...
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