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Maersk says Red Sea crisis poses uncertainty to earnings

Maersk has today warned that container shipping overcapacity would hit profits more than expected this year and that it did not see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.
Business • 08 Feb 24

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

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