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Maersk: Ship recycling policy not changed with Alang move

Danish shipping giant Maersk Group has not lowered its standard or changed its responsible ship recycling policy after the engagement in Alang, India, the company...

Maersk earmarks two vessels for recycling at Alang

Maersk Group has announced it will send its first two container ships to the Alang shipbreaking yard in India. Maersk Wyoming and Maersk Georgia will both be dismantled...

Maersk Line revamping its Asia-North Europe trade

Danish container shipping company Maersk Line is making improvements to its network between Asia and North Europe, the world’s largest trade lane,...

Maersk investors get 24% richer as ‘perfect storm’ warning ends

Just four months after analysts warned of the “perfect storm” pummeling shares in A.P. Moeller-Maersk A/S, things now look very different. Since a February...

Maersk Group CEO says negative interest rates unhealthy for global shipping market

The owner of the world’s biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The...

Maersk Oil to axe 40 jobs as low oil price continues to hurt

Denmark’s Maersk Oil will cut 40 jobs in Copenhagen, Aberdeen and Stavanger due to the low oil price, the company said on Monday. Maersk Oil, a unit of...

Maersk

Maersk employee freed four days after abduction in Angola

Maersk Group has released a short statement confirming that an employee in Angola was abducted and released four days later. The employee was abducted last week on his...

Maersk completes $5.1bn refinance

A.P. Møller-Maersk A/S announced yesterday the successful completion of a USD5.1 billion syndicated revolving credit facility with a selected group of 21 banks. The new...