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Moller-Maersk has raised its full-year forecasts due to strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea

Maersk raises profit outlook on strong market

Danish shipping group AP Moller-Maersk has raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea.

Business • 22 Oct 24

Maersk said recent data showed that the number of ships crossing through the canal has fallen 66% since carriers began diverting their vessels around Africa.

Impact from Red Sea situation continues to intensify

The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company AP Moller-Maersk has said.

Business • 06 Sep 24

The Maersk Sentosa container ship on the Suez Canal

Weather, Red Sea disruption causing congestion - Maersk

Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are causing congestion at container terminals, AP Moller-Maersk said in an update to customers today.

Business • 18 Jan 24

Shipping firms said they would avoid the Suez Canal as Houthi militants in Yemen stepped up their assaults on commercial vessels in the Red Sea

Oil up over 3% on Red Sea tanker attack and re-routings

Oil extended gains today to rise more than 3% as mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea disrupted maritime trade and raised concern of supply disruption.

Business • 18 Dec 23

Maersk said it was deeply concerned about the highly escalated security situation in the southern Red Sea and Gulf of Aden

Red Sea attacks force rerouting of vessels

Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez Canal.

Business • 18 Dec 23

AP Moller-Maersk said its quarterly EBITDA plunged to $1.9 billion in the quarter from $10.9 billion a year earlier

Shipping giant AP Moller-Maersk to cut 10,000 jobs

Shipping group AP Moller-Maersk has today reported a steep drop in third-quarter profit and revenue and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices.

Business • 03 Nov 23

Companies around the world are wrestling with higher borrowing costs and consumers tightening their own budgets amid a cost of living crisis

Two measures of corporate health starting to flash red

Two measures of corporate and economic health were flashing red today as shipping group Maersk reported a fall in global demand for sea containers and advertising giant WPP said clients in the US tech sector were slashing their marketing spend.

Business • 04 Aug 23

Maersk transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, and is seen as a barometer for global economic and corporate health

Maersk warns of slower demand for container shipping

Shipping group AP Moller-Maersk today warned of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories.

Business • 04 Aug 23

AP Moller-Maersk is to sell its two logistics sites in Russia to IG Finance Development Limited

Maersk nears complete Russia exit after selling 2 sites

Shipping and logistics group AP Moller-Maersk said today it has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, nearly marking the end of its business activities in the country.

Business • 20 Feb 23

Global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner

Maersk speeds up decarbonisation target by a decade

Container shipping giant AP Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand for green transportation and technical leaps.

Business • 12 Jan 22

AP Moller-Maersk said today it was still struggling to move goods around the world

Shipping group Maersk expects cargo delays to persist

Top container shipping firm AP Moller-Maersk has today warned its customers it was still struggling to move goods around the world as the easing of congestion is taking longer than the Danish company had hoped for.

Business • 11 Jan 22

Covid has prompted a shortage of container ships and logjams at ports at a time of high consumer spending

Maersk triples quarterly profit despite lower volumes

Shipping group AP Moller-Maersk has today said record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.

Business • 02 Nov 21

Danish shipping giant AP Moller-Maersk handles one in five containers shipped worldwide

Maersk sees no sign of freight market easing this year

Danish shipping giant AP Moller-Maersk sees no indication that the current red-hot shipping market will lose steam this year, its chief executive has said.

Business • 17 Sep 21

AP Moller-Maersk has vowed to only order new vessels which can use carbon-neutral fuel as it seeks to deliver net-zero emissions by 2050

Maersk speeds up fleet decarbonisation with new vessels

AP Moller-Maersk has ordered eight vessels which are able to run on carbon-neutral methanol to accelerate the decarbonisation of its fleet and meet increased customer demand for greener transportation.

Business • 24 Aug 21

Maersk expects global container demand to contract this year, after previously forecasting growth of 1%-3%

Maersk warns global container demand to shrink in 2020

Shipping group AP Moller-Maersk has today warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.

Business • 13 May 20

AP Moller-Maersk is the world's biggest container shipper

Maersk sees slight pick up in container traffic in 2020

Shipping group AP Moller-Maersk sees scope for a slight pick up in global seaborne container traffic in 2020 compared with this year, with ongoing trade tensions limiting the chances of stronger growth.

Business • 15 Nov 19